Capital, Economist, Start Up ve CeoLife Uludağ Economy Summit (UEZ Sapanca 2024), organized by Uludağ Economy Summit (UEZ Sapanca 13), hosted respected politicians, business leaders and academicians from Turkey and the world for the XNUMXth time this year.
Economist at the closing of the summit Emrah Lafci and Stand-Up Comedy Performer Kaan Sekbanwith the participation of “Financial Viability” panel was organized. Sponsor of the panel Hepiyi Insurance It was.
Speaking at the opening of the panel, Kaan Sekban said, “Our friend Emrah Lafçı is a very valuable economist and friend. We have been on stage together 3 times before. We actually worked side by side at a bank for a long time. It makes me happy to be here with him. Before that, I resigned.
Every year it is said that we will have a very difficult year. It is said very often at company meetings. This is mentioned very often at the beginning of the year and during the election period. Now we have a big election-free period ahead of us. Emrah, what do you think? said.
THOSE WHO SAID THE DOLLAR WILL BE 50 TL WERE LEFT ON PEDESTRIAN
Emrah Lafçı, who said that he was happy to be on the same stage with Sekban, made the following evaluations regarding the current developments:
“Constitutional discussions have started, so the ballot box may come before us. This is possible. Frankly, this is the first time in a long time that I have seen such a predictable period in Turkey. Those who said that the dollar would be 40-50 lira before the election were clearly left on their feet. There is a decision maker here. It was included in the decision text of the CBRT. It is said that the dollar will not rise as much as inflation. Who and what harm does this do is a different matter, but this is what is known.
The issue of real appreciation of TL has also become a problem for exporters and tourism professionals. "Currently, holidaying on the Greek island is cheaper than Çeşme.”
THE BIGGEST RADISH IS IN THE SADDLE
Sekban's question: "Are businesses the only reason for expensive prices right now?" Emrah Lafçı gave the following answer to the question:
“This is a bit like looking for a scapegoat. For a while, markets with 3 letters were targeted. Currently, the most important reason for inflation is the relative price balance disrupted by the low interest policy. No country can recover by paying interest rates below inflation. The biggest radish is in the bag, we will see these in the second half of the year.
Everything becomes expensive because our purchasing power has decreased. We always save the day. Interest, inflation, foreign exchange…
There is a ministry equipped with super powers. Therefore, every decision taken has a direct impact. Beyond the merger or separation of ministries, the fact that ministerial changes occur so quickly is a problem.
Another problem is that the central bank governor is frequently dismissed. “We are changing presidents incredibly fast.”
SAVINGS AND TERMS DEPOSITS STILL IN THE FIRST PLACE
Stating that people are rapidly turning to fields such as stock markets and crypto and talking about them in every environment, Kaan Sekban said, “It is also interesting that there is so much interest in economists. "This scares me a little bit," he said.
"People did this because they had to," said Emrah Lafçı, and continued his words as follows:
“The reason is that when the traditional investment tool was deprived of term deposits, people turned to them. Again, term deposits have the largest share in total savings, with the stock market accounting for 12 percent. This is the result of incorrectly determined interest. The development of the capital market is not like this. “The number of investors has increased rapidly, but its share of total savings is not increasing.”
