{"id":6537,"date":"2011-10-16T23:01:12","date_gmt":"2011-10-16T20:01:12","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=6537"},"modified":"2011-10-18T12:16:15","modified_gmt":"2011-10-18T09:16:15","slug":"haftaya-baslarken","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/haftaya-baslarken\/","title":{"rendered":"Haftaya Ba\u015flarken"},"content":{"rendered":"<p>Ge\u00e7en hafta Avrupa birli\u011finde bankalara sermaye eklenmesi ve EFSF&#8217;nin durumu konular\u0131 g\u00fcndemdeydi ve piyasalar bu geli\u015fmelerin t\u00fcm\u00fcn\u00fc olumlu olarak alg\u0131lad\u0131. Ge\u00e7en hafta neredeyse t\u00fcm d\u00fcnya borsalar\u0131 art\u0131dayd\u0131 ve en az getiri sa\u011flayanlardan biri de bizdik. Ayn\u0131 zamanda t\u00fcm d\u00fcnya&#8217;da emtialar \u00f6nemli primler yapt\u0131. Avrupa konusundaki geli\u015fmeler ve hafta sonunda yap\u0131lan G-20 zirvesinden gelen haberler g\u00fcndemin Avrupa Plan\u0131 olaca\u011f\u0131n\u0131 g\u00f6steriyor.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1227078341\"><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>Cumartesi \u00f6\u011fle saatlerinde sona eren G-20 Maliye Bakanlar\u0131 ve Merkez Bankas\u0131 Ba\u015fkanlar\u0131 Zirvesin\u2019den \u00f6nemli bir mesaj \u00e7\u0131kt\u0131; <strong>\u201cBa\u015f\u0131m\u0131za yeni i\u015fler a\u00e7madan \u015fu Avrupa Banka ve PIIGS krizini hemen \u00e7\u00f6z\u00fcn!\u201d<\/strong> tonu itibariyle olduk\u00e7a sert bir mesajd\u0131.<\/p>\n<p>AB d\u0131\u015f\u0131ndaki kat\u0131l\u0131mc\u0131lar, krizin gittik\u00e7e yay\u0131larak t\u00fcm d\u00fcnyada ekonomik istikrar\u0131 tehdit eder hale geldi\u011fini vurgulad\u0131lar. Almanya ve Fransa\u2019n\u0131n 3 ayakl\u0131 bir kurtarma plan\u0131n\u0131n ana hatlar\u0131nda uzla\u015ft\u0131\u011f\u0131 da bildirildi.<\/p>\n<p>Fakat \u00f6nemli bir konu daha var. Bankalardan plan\u0131n yeniden sermayelendirme ve Yunan tahvillerinde katlan\u0131lacak zarar ba\u015fl\u0131klar\u0131na yo\u011fun itirazlar\u0131 var.<\/p>\n<p>Zirve&#8217;de yap\u0131lan Frans\u0131z-Alman bakanlar g\u00f6r\u00fc\u015fmesinde bankalar\u0131n sermaye art\u0131rmaya zorlanmas\u0131 kesinle\u015fti. EFSF ise PIIGS tahvili alanlar\u0131n zarar\u0131n\u0131n ilk %20\u2019sini sigorta edecek bir tahvil g\u00fcvence fonu \u015feklinde \u00e7al\u0131\u015ft\u0131r\u0131lacak.<\/p>\n<p>Bu arada bankalar\u0131 temsil eden International Institute of Finance (IIF) bu geli\u015fmelerden pek memnun de\u011fil hatta sinirli desek bile do\u011fru olabilir. 21 Temmuz\u2019da bankalar\u0131n Yunan D\u0130BS\u2019i swap (bor\u00e7 de\u011fi\u015f-toku\u015fu) zarar\u0131n\u0131n %21 olarak belirlendi\u011fini hat\u0131rlatan IIF temsilcileri, bu miktar\u0131n \u00fcst\u00fcnde zarara direneceklerini a\u00e7\u0131klad\u0131.<\/p>\n<p>Japon Maliye Bakan\u0131 Jun Azumi zirvenin ard\u0131ndan \u201cAB art\u0131k akl\u0131n\u0131 ba\u015f\u0131na toplamak zorunda, \u00e7\u00fcnk\u00fc kriz k\u0131sa bir s\u00fcre zarf\u0131nda \u00e7\u00f6z\u00fclmezse, g\u00fc\u00e7l\u00fc toparlanma ya\u015fayan sa\u011fl\u0131kl\u0131 ekonomilere de bula\u015facak.\u201d Kanada Maliye Bakan\u0131 Jim Flaherty ise gelecek Pazar yap\u0131lacak AB Liderler Zirvesin\u2019de beklenilen kararlar \u00e7\u0131kmazsa, k\u00fcresel resesyon olas\u0131l\u0131\u011f\u0131n\u0131n dramatik \u015fekilde artaca\u011f\u0131n\u0131 ekledi.<\/p>\n<p>\u0130ngiliz Maliye Bakan\u0131 George Osborne ise K\u0131ta\u2019l\u0131 meslekta\u015flar\u0131n\u0131n \u201cParis\u2019i \u00fcstlerinde krizi k\u0131sa s\u00fcrede \u00e7\u00f6zmeleri y\u00f6n\u00fcnde bask\u0131y\u0131 idrak ederek terketti\u011fini\u201d a\u00e7\u0131klad\u0131.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2605727346\"><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>ABD Hazine Bakan\u0131 Timothy Geithner ise bas\u0131na AB\u2019nin son ad\u0131mlar\u0131n\u0131n, \u00f6zellikle bankalar\u0131n sermayelendirilmesi karar\u0131n\u0131n do\u011fru y\u00f6nde at\u0131ld\u0131\u011f\u0131 m\u00fcjdesini verdi: \u201cHala detaylar \u00fcst\u00fcnde \u00e7al\u0131\u015fmak gerekecek, ama Fransa ve Almanya bir kez birlikte karar verdiler mi, b\u00fcy\u00fck at\u0131l\u0131mlar m\u00fcmk\u00fcn\u201d dedi.<\/p>\n<p>Zirve deklarasyonu, AB\u2019ye Kurtarma Fonu EFSF\u2019nin 440 milyar Euro kay\u0131tl\u0131 sermayesini kald\u0131ra\u00e7land\u0131rmas\u0131, Yuanistan\u2019dan di\u011fer \u00e7ok bor\u00e7lu devletlere bula\u015fmay\u0131 \u00f6nlemesi ve bankalar\u0131na sermaye takviyesi taleplerini de i\u00e7erdi. Zirvedee \u00f6nce \u00c7in ve Brezilya\u2019n\u0131n ba\u015f\u0131n\u0131 \u00e7ekti\u011fi IMF fonlar\u0131n\u0131n AB\u2019ye destek i\u00e7in kullan\u0131lmas\u0131 fikri ise \u015fimdilik terkedildi. Ancak, Geithner AB bir kez somut plan ortaya koyarsa, IMF\u2019nin mevcut kaynaklar\u0131 ile destek sa\u011flamas\u0131na kar\u015f\u0131 olmad\u0131\u011f\u0131n\u0131 a\u00e7\u0131klad\u0131.<\/p>\n<p>Uzmanlar, bankalar\u0131n Yunan D\u0130BS\u2019de %21\u2019i a\u015fan zarara katlanmaya mahkum edilmesi ve sermaye yeterlilik rasyolar\u0131n\u0131 h\u0131zla y\u00fckseltmeye zorlanmalar\u0131 halinde kredi kanal\u0131n\u0131n t\u0131kanarak AB\u2019nin durgunlu\u011fa d\u00fc\u015fece\u011fini de iddia ediyorlar. Fakat buna elleri mahkum durumda.<\/p>\n<p>SONU\u00c7: T\u00fcm bu geli\u015fmeler bu haftaya da piyasalar\u0131n umutlu girece\u011fini g\u00f6steriyor. B\u00fct\u00fcn plan tam anlam\u0131yla ortaya \u00e7\u0131kt\u0131\u011f\u0131 ve uygulanmaya ba\u015flad\u0131\u011f\u0131 andan itibaren, beklenti bitmi\u015f olaca\u011f\u0131 i\u00e7in piyasalar sat\u0131n almak i\u00e7in yeni hikaye arayacaklard\u0131r. \u0130\u015fte tam bu a\u015famada, beklentiler bitti\u011fi i\u00e7in borsalarda ciddi k\u00e2r realizasyonlar\u0131 olu\u015fabilir. Ama bu konu gelecek haftan\u0131n konusu olmaya adayd\u0131r. Belki bakars\u0131n\u0131z o s\u0131rada Amerika\u2019da Obama mali geni\u015fleme paketi olan 450 milyar\u0131 kongreden ge\u00e7irme konusunda \u00f6nemli ad\u0131mlar atar veya FED yeni bir hikaye geli\u015ftirir ve piyasa co\u015fkusu devam edebilir. Fakat normal \u015fartlar alt\u0131nda AB plan\u0131 kesinle\u015ftikten sonra piyasalarda bir k\u00e2r realizasyonu beklenmelidir.<\/p><div class=\"bilge-content-2\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-4267549451\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"1818807385\"\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>Genel olarak borsalar\u0131n olumlu, euro-dolar paritesinin yukar\u0131 hareket etti\u011fi, emtialar\u0131n talep g\u00f6rd\u00fc\u011f\u00fc bir hafta g\u00f6rebiliriz (e\u011fer AB liderleri yeni s\u0131k\u0131nt\u0131lar yaratacak anla\u015fmazl\u0131klar ya\u015famazsa veya ba\u015fka ters bir haber gelmezse).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ge\u00e7en hafta Avrupa birli\u011finde bankalara sermaye eklenmesi ve EFSF&#8217;nin durumu konular\u0131 g\u00fcndemdeydi ve piyasalar bu geli\u015fmelerin t\u00fcm\u00fcn\u00fc olumlu olarak alg\u0131lad\u0131. Ge\u00e7en hafta neredeyse t\u00fcm d\u00fcnya&hellip;<\/p>\n","protected":false},"author":102,"featured_media":6025,"comment_status":"closed","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":[],"class_list":["post-6537","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\/6537","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\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=6537"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/6537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/6025"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=6537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=6537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=6537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}