Mustafa Sönmez

Mustafa Sönmez

[email protected]

Government's Fooled As Dollar's Value Rises

The most striking indicator of recent days is the increasing value of the US dollar. Two questions follow dollar's valuation to 1,80 TL levels. First, how far will it go and secondly, how long will this last?

Real Unemployment is 26 Percent, Future Bleak

Real Unemployment is 26 Percent, Future Bleak

The newly announced November 2008 data on unemployment does not reflect the rapid decline in the economy since the end of October. Future prospects for employment are bleak.

16 February 2009

How Will the Global Economic Crisis Affect Turkey?

Economist Sonmez's report prepared for Petrol-Is studies how the foreign capital has affected growth potential, the disadvantage brought about by the current account deficit in the face of global crisis and the increasing inequalities.

Lower-Income Families Affected by Inflation

Prices of basic goods rose by 13 percent in the last year, while rents rose by 16 percent. Lower-income and middle-class families have been most affected.

Oh Turks...Love, Protect and Trust Your Kurds!

Oh Turks...Love, Protect and Trust Your Kurds!

Don't be angry at the Kurdish father who sells his children to the mountains, but at the leaders who have forced him into this situation. The Turkish Republic must stop being a state which has forgotten its humane sensitivities.

16 November 2007

Ten Thousand Dollars Per Capita? Palaver...

Ten Thousand Dollars Per Capita? Palaver...

The AKP's claim of a yearly growth rate of 16 percent is mostly deception which has been achieved by speculation.

6 September 2007

Did Washingtons Floating Currency Magic Go

What is going on? Whats wrong if the Turkish Lira is appreciating excessively? Cant the floating currency regime that is capable of anything, rasp all extremities?