<!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG /> </o:OfficeDocumentSettings> </xml><![endif]--> <p class="MsoNormal">Son on yılda Türk<span style="mso-spacerun:yes"> </span>Lirası görece olarak değerli oldu ve kazandı.. Artık bu dönem bitiyor… Önümüzdeki süreci etkileyecek birçok faktör var ancak tayin edici olan ekonominin iç dinamikleri, FED politikaları ve siyasi durum olacaktır.</p> <p class="MsoNormal">Geçmiş dönemde FED dünya piyasalarına bolca dolar akıttı. ABD her ay bankalara 85 milyar dolar veriyor ve karşılığında tahvil alıyor, bankalar da FED’den aldığı bu sıfır faizli parayı dünyaya akıtıyordu. FED’in bu politikası artık tersine dönüyor,<span style="mso-spacerun:yes"> </span>ucuz dolar devri sona eriyor.</p> <p class="MsoNormal">İç dinamiklere gelince; sıcak para yurt dışına kaçıyor, siyasi kriz derinleşiyor.</p> <p class="MsoNormal">Önümüzdeki dönemde faizlerin, enflasyonun yüksek olacağını, kalkınma hızının planlanın altında gerçekleşeceğini söylemek için kahin olmaya gerek yok.</p> <p class="MsoNormal">Dolar kaç lira olur bilinmez ama yükseleceği kesin, ayrıca enflasyon yükselecek, üretim düşecek ve istihdam açığı büyüyecek.</p> <p class="MsoNormal">Bu durumda kısa vadede gayrimenkuller değer kaybedecek, dolar yükselecektir.</p> <p class="MsoNormal">Uzun vade dayanma gücü olanlar gayrimenkule yönelecek, kısa vadede tasarruflarının değerini korumak isteyenler ise dövize yatırım yapacaktır.</p> <p class="MsoNormal">Yorum adaletbiz</p> <p class="MsoNormal">Kaynak: Para Dergisi, 2-8 şubat 2014 sayısı</p> <p class="MsoNormal"> </p> <!--[if gte mso 9]><xml> <w:WordDocument> 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