25.06.2012 - Turkey’s real real estate boom
Rachel Ziemba, regional director at myblog’s host Roubini Global Economics, was in town to meet up with market participants last week, so I invited her and a few finance professional friends to dinner on Wednesday. Just as we sat down, the Fed announced that it was expanding its OperationTwist, where it is extending the maturities of assets on its balance sheet. This would be a natural way to start our conversation, but it didn’t get mentioned until later. Similarly, the morning’s Turkeyratings upgrade by Moody’s came up after the food arrived at the table. Instead, we spent the first half hour discussing the Turkish housing boom..............................................Full Article: Source
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