{"id":9816,"date":"2012-01-04T09:46:57","date_gmt":"2012-01-04T07:46:57","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=9816"},"modified":"2012-01-04T09:46:57","modified_gmt":"2012-01-04T07:46:57","slug":"tcmb-ile-inatlasmamak-lazim","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/tcmb-ile-inatlasmamak-lazim\/","title":{"rendered":"TCMB ile inatla\u015fmamak laz\u0131m"},"content":{"rendered":"<p style=\"text-align: justify\" align=\"center\">\n<p style=\"text-align: justify\">T\u00fcm k\u00fcrede yeni y\u0131lla birlikte borsalarda yukar\u0131 y\u00f6nl\u00fc hareketler izledik. Bug\u00fcn bu co\u015fkunun biraz durulmas\u0131 muhtemel. \u00a0Grafiklere bakt\u0131\u011f\u0131m\u0131zda \u0130MKB\u2019de dahil hemen hemen b\u00fct\u00fcn borsalarda ilk kademe diren\u00e7lerin test edildi. \u015eimdi bu diren\u00e7leri k\u0131rmak i\u00e7in yeni senaryolar gerekecek ya da ge\u00e7en y\u0131ldan kalma band hareketi devam edecek. Biz bug\u00fcn i\u00e7in ikinci senaryoya daha fazla a\u011f\u0131rl\u0131k veriyoruz.<\/p>\n<p style=\"text-align: justify\"><span style=\"color: #0000ff\"><strong>ABD tamam ama Euro B\u00f6lgesi negatif sinyal \u00fcretiyor<\/strong><\/span><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2905876406\"><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 style=\"text-align: justify\">D\u00fcn ABD\u2019den gelen in\u015faat harcamalar\u0131 ve ISM \u0130malat Endeksi beklentilerden olumluydu. Bu verilerin de destekledi\u011fi olumlu hava endekslerin %1,5 civar\u0131nda y\u00fckselmesini sa\u011flad\u0131. Genel havaya bakt\u0131\u011f\u0131m\u0131zda da ABD taraf\u0131nda ekonominin ray\u0131na oturmaya ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcyoruz. Global ekonomi i\u00e7in tehdit de ABD taraf\u0131ndan gelmeyecek. Bunu s\u00fcrekli olarak g\u00f6r\u00fcyoruz. D\u00fcn Avrupa taraf\u0131nda yine sorunlar vard\u0131. Yeni y\u0131l heyecan\u0131ndan olsa gerek g\u00f6rmezden gelinse de \u00f6n\u00fcm\u00fczdeki g\u00fcnlerde ba\u015f a\u011fr\u0131tacak geli\u015fmeler. \u0130lk sorun Fransa\u2019n\u0131n hazine ihalesinde hedeflenen miktar\u0131n alt\u0131nda bor\u00e7lanmas\u0131. Bu hafta Euro B\u00f6lgesi\u2019nde yo\u011fun bir bor\u00e7lanma yok, bu nedenle ihaleler \u00e7ok fazla dikkate al\u0131nm\u0131yor, fakat haftaya yo\u011fun bir ihale d\u00f6nemi ba\u015flayacak. Bu d\u00f6nemin ge\u00e7en y\u0131ldan bir art\u0131s\u0131 yok yani ihale \u00f6ncesi ve ihale s\u00fcresince stresin artmas\u0131n\u0131 engelleyecek bir geli\u015fme hen\u00fcz ortaya \u00e7\u0131kmad\u0131. Bu nedenle dikkatli olmakta fayda var. Di\u011fer geli\u015fme de Yunanistan\u2019\u0131n Euro Birli\u011fi\u2019nden \u00e7\u0131kma tehdidi. Zaman zaman Yunanistan piyasalara kendini hat\u0131rlatacakt\u0131r. Eskisi kadar itibar g\u00f6rmese de piyasalar\u0131n olumsuz oldu\u011fu g\u00fcnlerde negatif etkiyi artt\u0131rabilir.<\/p>\n<p style=\"text-align: justify\"><span style=\"color: #0000ff\"><strong>TCMB ile inatla\u015fmamak laz\u0131m<\/strong><\/span><\/p>\n<p style=\"text-align: justify\">\u0130\u00e7eride ise TCMB\u2019nin m\u00fcdahalelerini izliyoruz. D\u00fcn ihalede 350 milyon dolar satan TCMB, ihalenin ard\u0131ndan g\u00fcn i\u00e7inde de k\u00fc\u00e7\u00fck tutarlarla do\u011frudan m\u00fcdahaleye devam etti. TCMB bu m\u00fcdahalelerle kurun enflasyon \u00fczerindeki etkisini k\u0131rmay\u0131 planlarken, bir yandan da parasal s\u0131k\u0131la\u015ft\u0131rma ile enflasyonist talebi k\u0131rmaya \u00e7al\u0131\u015f\u0131yor. D\u00fcn yazd\u0131\u011f\u0131m\u0131z haftal\u0131k strateji b\u00fclteninde de dile getirdi\u011fimiz gibi TCMB\u2019nin ba\u015far\u0131s\u0131 bizce k\u00fcresel konjonkt\u00fcre ba\u011fl\u0131. Risk i\u015ftah\u0131 iyice azalacak olursa TCMB\u2019nin kurdaki m\u00fcdahalesi ba\u015far\u0131s\u0131z olabilir ki, bu da T\u00fcrkiye\u2019ye olan g\u00fcvenin yok olmas\u0131 anlam\u0131na gelir. TCMB\u2019nin ba\u015far\u0131s\u0131z olmas\u0131 durumunda T\u00fcrkiye\u2019de tutturulabilecek hi\u00e7bir hedef kalmaz. Bu nedenle TCMB\u2019nin ba\u015far\u0131l\u0131 olmaktan ba\u015fka \u015fans\u0131 olmad\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. \u00a0Bu zorunluluk k\u00fcresel \u00f6l\u00e7ekte ciddi bir s\u0131k\u0131nt\u0131 ya\u015fanmazsa TCMB\u2019nin ba\u015far\u0131l\u0131 olabilmek ve zedelenen g\u00fcveni yeniden tahsis edebilmek i\u00e7in elinden gelen t\u00fcm \u00e7abay\u0131 sarf edece\u011fi anlam\u0131na geliyor. Biz bu zorunluluk, TCMB\u2019nin elindeki bilgi seti ve g\u00fcc\u00fc g\u00f6z \u00f6n\u00fcnde bulundurdu\u011fumuzda TCMB ile inatla\u015fman\u0131n k\u0131sa vadede fayda getirmeyece\u011fi kanaatini benimsiyoruz.<\/p>\n<p style=\"text-align: justify\">\n<p style=\"text-align: justify\"><strong>\u00dczeyir DO\u011eAN \/ Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc<\/strong><br \/>\n<strong> MARBA\u015e Mankul De\u011ferler<\/strong><br \/>\n<strong> <a href=\"mailto:uzeyir.dogan@marbasmenkul.com.tr\">uzeyir.dogan@marbasmenkul.com.tr<\/a><\/strong><br \/>\n<strong> 0212 286 98 22<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u00fcm k\u00fcrede yeni y\u0131lla birlikte borsalarda yukar\u0131 y\u00f6nl\u00fc hareketler izledik. Bug\u00fcn bu co\u015fkunun biraz durulmas\u0131 muhtemel. \u00a0Grafiklere bakt\u0131\u011f\u0131m\u0131zda \u0130MKB\u2019de dahil hemen hemen b\u00fct\u00fcn borsalarda ilk&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4711,"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-9816","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\/9816","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=9816"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/9816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/4711"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=9816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=9816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=9816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}