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Tuesday, September 13 2011 , Your time is 15:58:00
Nope, I have not smoked anything to make me feel like I am in Tolkien’s Middle Earth. Zhongguo, which means Middle/Central State and is often translated as Middle/Central Kingdom
As their name implies, market economists are supposed to follow markets closely. Since I am not one anymore, I am no longer glued to the Reuters terminal.
A Turkish girl got her 15 minutes of fame last week, at least in Turkey. A YouTube video with her driving her father’s Porsche and stating that “she wouldn’t say all the poor should die because people would get jealous” went viral.
As I explained in my last column, one major difference between academic and market economists regarding monetary policy is the latter are expected to say what the Central Bank will do, rather than what it should do.
'Academics tend to spend too much time on what the Central Bank should do. But your clients do not care about that. You need to tell them what the Central Bank will do'
Given my gloomy assessments of the Turkish economy, readers often ask me about the more positive articles they read in the press and elsewhere. We can again refer to Charles Dickens, whom I rediscovered during my recent trip to London.
We are in a historic moment, my dear readers and friends. When Prime Minister Recep Tayyip Erdoğan announced his pesidential candidacy last week, a parenthesis that was opened more than a hundred years ago was closed.
Economists should refrain from delving into politics, even indirectly. That’s what I learned on July 1, which was incidentally also the date that sealed the fate of the Turkish economy for the rest of the summer.
I had some time for sightseeing in London. Other than pub crawls, I visited the Charles Dickens Museum at 48 Doughty Street, which was home to the novelist from 1837 to 1839
Unlike in 2011 and 2012, it wasn’t London that was calling this time around, but my dear friends Didem and Cüneyt. As I mentioned in my last column, I was attending their 80th (40+40) birthday party.
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