{"id":17530,"date":"2012-07-11T14:08:04","date_gmt":"2012-07-11T12:08:04","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=17530"},"modified":"2012-07-11T14:08:13","modified_gmt":"2012-07-11T12:08:13","slug":"bol-ve-ucuz-para-risk-yaratir-mi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/bol-ve-ucuz-para-risk-yaratir-mi\/","title":{"rendered":"Bol ve Ucuz Para Risk Yarat\u0131r m\u0131?"},"content":{"rendered":"<p>2008 Krizi\u2019ne nas\u0131l gelindi diye sorulsa, bir\u00e7ok ki\u015fi \u015fu cevab\u0131 verecektir: \u201cGeli\u015fmi\u015f ekonomilerdeki uzun s\u00fcreli \u00e7ok d\u00fc\u015f\u00fck faiz oranlar\u0131 varl\u0131k fiyatlar\u0131n\u0131 \u015fi\u015firdi. Emtia ve gayrimenkul fiyatlar\u0131 f\u0131rlad\u0131. Bol para risk alg\u0131s\u0131n\u0131 de\u011fi\u015ftirdi. Balon patlad\u0131. Pislik ortal\u0131\u011fa yay\u0131ld\u0131.\u201c \u015eimdi ne oluyor? Geli\u015fmi\u015f \u00fclkelerde faizler giderek s\u0131f\u0131ra yakla\u015f\u0131yor. Uzun s\u00fcre faizlerin d\u00fc\u015f\u00fck kalaca\u011f\u0131na y\u00f6nelik taahh\u00fctlerde bulunuluyor. Risk alg\u0131s\u0131 de\u011fi\u015ftirilmeye \u00e7al\u0131\u015f\u0131l\u0131yor. Varl\u0131k fiyatlar\u0131n\u0131n yeniden \u015fi\u015fmesi arzulan\u0131yor. K\u0131sacas\u0131, 2008 Krizi\u2019ne yol a\u00e7an ortam\u0131n yeniden olu\u015fturulmas\u0131 hedefleniyor. Hen\u00fcz bu hedefe \u00e7ok uzaktay\u0131z. Ama, hedefe yakla\u015f\u0131l\u0131rsa, yeni bir kriz s\u00f6z konusu olmaz m\u0131?<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2466815754\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p><strong>AYRI\u015eMA SONSUZA KADAR S\u00dcRMEZ\u00a0<\/strong><br \/>\n2008 Krizi\u2019ni olu\u015fturan ortam bol ve ucuz paran\u0131n serseri may\u0131n gibi k\u00fcresel ekonominin her bir k\u00f6\u015fesine da\u011f\u0131lmas\u0131yd\u0131. Para yaln\u0131zca geli\u015fmi\u015f \u00fclkelerdeki emtia, gayrimenkul ve di\u011fer varl\u0131k s\u0131n\u0131f\u0131na de\u011fil, geli\u015fmekte olan \u00fclkelere de gitti. Uluslararas\u0131 sermaye hareketleri hem h\u0131zland\u0131 hem de yo\u011funla\u015ft\u0131. Bu sayede bizim gibi \u00fclkeler tarihlerinde g\u00f6r\u00fclmemi\u015f d\u0131\u015f kaynak \u00e7ekebildiler. Ekonomik b\u00fcy\u00fcmeleri rekorlar k\u0131rd\u0131. Geli\u015fmekte olan \u00fclkeler 2008 Krizi sonras\u0131 g\u00f6reli olarak \u00e7ok \u00e7abuk toparlad\u0131. Nedeni, kamu finansman dengesinin geli\u015fmi\u015flere g\u00f6re daha iyi olmas\u0131yd\u0131. Varl\u0131k fiyatlar\u0131ndaki \u015fi\u015fme geli\u015fmi\u015fler kadar de\u011fildi. Bankalar fiyatlar\u0131 \u015fi\u015fip de patlayan varl\u0131klara yo\u011fun bir bi\u00e7imde yat\u0131r\u0131m yapmad\u0131klar\u0131ndan sa\u011fl\u0131kl\u0131 konumunu koruyabildiler. K\u0131sacas\u0131, geli\u015fmekte olan \u00fclkelerin finans piyasalar\u0131 bir \u00f6l\u00e7\u00fcde geli\u015fmi\u015flerden ayr\u0131\u015fabildi. Ekonomik b\u00fcy\u00fcmeleri d\u00fc\u015ft\u00fc, ama g\u00f6reli y\u00fcksek b\u00fcy\u00fcmelerini 2008 y\u0131l\u0131 sonras\u0131 da devam ettirebildiler. 2000\u2019li y\u0131llarda, k\u00fcresel krize giden yolda, geli\u015fmekte olan ekonomilerde kamu finansman dengesi b\u00fcy\u00fck \u00f6l\u00e7\u00fcde daha sa\u011fl\u0131kl\u0131yd\u0131. Ucuz ve bol para geli\u015fmekte olan \u00fclkelerin \u00f6zel sekt\u00f6r\u00fcne yarad\u0131. \u00d6zel sekt\u00f6r bolca d\u0131\u015f kaynak bulabildi. Krediler geni\u015fledi. Yat\u0131r\u0131m ve t\u00fcketim harcamalar\u0131 artt\u0131. Finansman dengesi bozuk olan ve giderek bozulan, kamu kesimi de\u011fil \u00f6zel sekt\u00f6r oldu.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/www.bloomberght.com\/ht-yazarlar\/ercan-kumcu\/1179663-bol-ve-ucuz-para-risk-yaratir-mi\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2008 Krizi\u2019ne nas\u0131l gelindi diye sorulsa, bir\u00e7ok ki\u015fi \u015fu cevab\u0131 verecektir: \u201cGeli\u015fmi\u015f ekonomilerdeki uzun s\u00fcreli \u00e7ok d\u00fc\u015f\u00fck faiz oranlar\u0131 varl\u0131k fiyatlar\u0131n\u0131 \u015fi\u015firdi. Emtia ve gayrimenkul&hellip;<\/p>\n","protected":false},"author":675,"featured_media":9441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/17530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/675"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=17530"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/17530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/9441"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=17530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=17530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=17530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}