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As technology evolves and the average low-skilled laborer does not, Turkey may have an unemployment crisis on its hand in the near future. In the last decade or so, many workers in this category enjoyed employment thanks to a credit boom, which fueled many jobs in retail, construction, and […]

The foreign investors came in on Monday bought stocks and the Turkish Lira mainly because of the PMI, GDP, and inflation reports, which turned out to better than expected. This was followed by the carry trade from mainly Asian investors looking for better yields. Also, some bottom feeders were […]

Mortgage rates at the three large state banks (Ziraat, Halk, & Vakif) have been reasonably low considering the inflation and repo rate coupled with the currency issues. Clearly, the government has been trying to prop up the housing market with these rates at .99% (monthly basis), which are considerably […]

Over the last few years or so, Turkey has slowing been drifting away from the old norms in pursuit of its own policies and interests. However, many of these interests have now hit a boiling point with many states, investors, and organizations around the world. So, why does Turkey […]

As I walk around, I can see people smoking all over the place and the streets littered with cigarette butts. The smell of smoke is everywhere and it is hard to escape it. Even in my apartment, if a window is open, I still can smell it. For someone […]

Is the new friendship with Russia beneficial to Turkey? Or is it just another policy error by Erdogan that will haunt Turkey for years to come? Turkey and Russia’s roller coaster ride in the last decade has seen bilateral relations go in opposite directions many times mainly due to […]