{"id":53018,"date":"2018-01-16T20:00:18","date_gmt":"2018-01-16T17:00:18","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=53018"},"modified":"2018-01-16T12:46:50","modified_gmt":"2018-01-16T09:46:50","slug":"cetin-unsalan-yatirimin-engeli-faiz-mi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/cetin-unsalan-yatirimin-engeli-faiz-mi\/","title":{"rendered":"\u00c7etin \u00dcnsalan &#8211; Yat\u0131r\u0131m\u0131n engeli faiz mi?"},"content":{"rendered":"<p><em><strong>Merkez Bankas\u0131 Para Politikas\u0131 Kurulu\u2019nun faiz toplant\u0131s\u0131 yakla\u015ft\u0131k\u00e7a yine ayn\u0131 yere d\u00f6nd\u00fck. \u015e\u00fcphesiz ortadaki tart\u0131\u015fmalar\u0131n iktisadi bir taraf\u0131 var. Fakat g\u00f6mle\u011fin ilk d\u00fc\u011fmesini yanl\u0131\u015f ilikleyince, gerisi de \u00f6yle geliyor.<\/strong><\/em><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3257758709\"><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>G\u00f6mle\u011fin ilk d\u00fc\u011fmesinin terc\u00fcmesini de Ekonomi Bakan\u0131 Nihat Zeybek\u00e7i belirledi. Verdi\u011fi bir r\u00f6portajda, daha \u00f6nce de defaten dile getirdi\u011fi ve iktidardaki t\u00fcm akt\u00f6rlerin durup durup s\u00f6yledi\u011fi bir c\u00fcmleyi yeniden payla\u015ft\u0131.<\/p>\n<p>Zeybek\u00e7i, faizlerin yat\u0131r\u0131m yap\u0131labilir oranda olmad\u0131\u011f\u0131n\u0131 ifade etti. Do\u011fru mu; do\u011fru. Yemin etseniz ba\u015f\u0131n\u0131z a\u011fr\u0131maz. Lakin r\u00f6portaj\u0131 yapan meslekta\u015f\u0131m\u0131n bu s\u00f6z \u00fczerine bir sual daha y\u00f6neltmesi gerekiyordu. Diyecekti ki, tek engel faiz mi?<\/p>\n<p>\u0130\u015fte meselenin bam teli de, \u0131srarla tart\u0131\u015f\u0131lmaktan ka\u00e7\u0131n\u0131lan boyutu da bu. Yani \u00fclkede son derece uygun bir yat\u0131r\u0131m iklimi var da, reel sekt\u00f6r m\u00fc ka\u00e7\u0131n\u0131yor? \u0130\u00e7 piyasada ithal \u00fcr\u00fcnlerle yar\u0131\u015fabilecek pozisyonu var da, yat\u0131r\u0131m yapmaktan m\u0131 imtina ediyor?<\/p>\n<p>D\u00fcnyada b\u00fcy\u00fcyen bir pazar yap\u0131s\u0131 mevcut ve ihracat pazarlar\u0131nda \u00f6nemli bir y\u00fckseli\u015f s\u00f6z konusu da T\u00fcrk reel sekt\u00f6r\u00fc y\u00fcksek faizler y\u00fcz\u00fcnden mi yat\u0131r\u0131m yapm\u0131yor. Geri bor\u00e7 \u00f6demesinden yeni kredi kullan\u0131m\u0131na kadar finansman bulmakla daha \u00f6nemlisi, buldu\u011fu finansmanla yat\u0131r\u0131m ve \u00fcretim yapt\u0131ktan sonra bunu satmakla ilgili sorunlar yok mu?<\/p>\n<p>\u00dcreticinin girdi maliyetleri, t\u00fcketici fiyatlar\u0131n\u0131n \u00e7ok \u00e7ok \u00fczerinde artm\u0131yor ve reel sekt\u00f6r zaten k\u0131s\u0131tl\u0131 olan sermaye erimesi sorununu ya\u015fam\u0131yor mu? \u0130stihdam \u00fczerindeki maliyetler, jeopolitik riskler, daralan i\u00e7 ve d\u0131\u015f pazar, s\u00fcrekli potansiyel m\u00fc\u015fteri ile kavgaya neden olan politikalar etkili de\u011fil mi?<\/p>\n<p>D\u00fcnya Ekonomik Forumu\u2019nun 2016 \u2013 2017 d\u00f6nemine ili\u015fkin K\u00fcresel Rekabet Raporu\u2019nun sonu\u00e7lar\u0131na bir g\u00f6z atal\u0131m. T\u00fcrkiye 138 \u00fclke aras\u0131nda: Kurumsal yap\u0131lanmada 74\u2019\u00fcnc\u00fc, altyap\u0131da 48\u2019inci, sa\u011fl\u0131k ve ilk\u00f6\u011fretimde 79\u2019uncu, y\u00fcksek \u00f6\u011fretim ve i\u015f ba\u015f\u0131nda e\u011fitimde 50\u2019inci, mal piyasalar\u0131 etkinli\u011finde 52\u2019inci, pazar b\u00fcy\u00fckl\u00fc\u011f\u00fcnde 17\u2019inci, inovasyonda 71\u2019inci, i\u015fg\u00fcc\u00fc piyasalar\u0131nda 126\u2019\u0131nc\u0131, makroekonomik ortamda 54\u2019\u00fcnc\u00fc, mali piyasalar\u0131n geli\u015fmi\u015fli\u011finde 82\u2019inci, teknolojik haz\u0131rl\u0131kta 67\u2019inci ve i\u015f d\u00fcnyas\u0131n\u0131n yetkinli\u011finde 65\u2019inci, t\u00fcm bunlar\u0131n ortalamas\u0131nda da 55\u2019inci s\u0131rada.<\/p>\n<p>Bunun \u00fczerine doldurulamayan kapasiteleri, d\u00fc\u015fen kazan\u00e7lar\u0131, artan girdi ve i\u015f\u00e7ilik maliyetlerini, uzayan vadeleri, \u015f\u00fcpheli alacaklar\u0131, iktisadi ve siyasi riskleri, a\u00e7\u0131k pozisyon nedeniyle kendi \u00f6zelinde de, \u00fclke genelinde de b\u00fcy\u00fcyen dolar ihtiyac\u0131na paralel y\u00fckseli\u015f e\u011filimini ve bir\u00e7ok fakt\u00f6r\u00fc koyun. \u015eimdi bunlar\u0131n hi\u00e7 biri gerek\u00e7e de\u011fil, y\u00fcksek faiz tek ba\u015f\u0131na sebep \u00f6yle mi?<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2725778283\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\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>Faizin ne kadar ekonomik hesaplarla y\u00fcksek oldu\u011fu tart\u0131\u015f\u0131l\u0131r ama, \u00f6nemli olan faizi d\u00fc\u015f\u00fcrseniz de para kazan\u0131lmayan ortamda kimin bir \u00e7\u0131lg\u0131nl\u0131k yap\u0131p yat\u0131r\u0131m yapaca\u011f\u0131d\u0131r? Reel sekt\u00f6r ekonomi y\u00f6netiminden ak\u0131ll\u0131. Bence ekonomi y\u00f6netimi de topu ta\u00e7a atmay\u0131 b\u0131rak\u0131p, tek sebebin faiz olmad\u0131\u011f\u0131n\u0131 itiraf etmeli. Belki bu sayede sorunla y\u00fczle\u015fip, \u00e7\u00f6z\u00fcme ge\u00e7eriz. Yoksa devam\u0131 salt hamaset.<\/p>\n<p><a href=\"mailto:cetinunsalan@yahoo.com\">cetinunsalan@yahoo.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Merkez Bankas\u0131 Para Politikas\u0131 Kurulu\u2019nun faiz toplant\u0131s\u0131 yakla\u015ft\u0131k\u00e7a yine ayn\u0131 yere d\u00f6nd\u00fck. \u015e\u00fcphesiz ortadaki tart\u0131\u015fmalar\u0131n iktisadi bir taraf\u0131 var. Fakat g\u00f6mle\u011fin ilk d\u00fc\u011fmesini yanl\u0131\u015f ilikleyince,&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","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":[904,808,801],"class_list":["post-53018","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-cetin-unsalan-yazilari","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/53018","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=53018"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/53018\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=53018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=53018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=53018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}