Financially, Brokerage Firms have started to publish their expectations for 2019. In order to analyze these expectations correctly, it is useful to consider the developments in the main factors in 2018. Where did the story actually begin, in the 2015 FED interest rate hike: ![]()
It was announced that the process for the Interest Rate Increase would be completed in 2019, but this time it was announced that the other wing, which will "reduce the money supply", Asset purchases will be reduced. The ECB (European Central Bank) reiterated that it would end its asset purchase program in December 2018, declaring that the window opened in 2015 has not yet closed. What affected this harsh window in 2015? ![]()
The currency rose and the TL lost value. ![]()
Interest rates rose, rising 11.25 points from 12.75% to 24%: ![]()
Markets will follow many main headlines in 2019, the results of the main headings will interact with each other. The global economy, especially the advanced economies, is in a pile of debt. Unless global economies address this debt pile, geopolitical problems, low growth, low investment and high unemployment will continue. The total global corporate debt, which was 26 trillion in 2000, increased to $184 trillion in 2018. This means that; In the name of the solution, companies will work and pay a significant part of their earnings to their creditors as interest. All of the events that intensified in 2015 and will continue for a while are the collection efforts of the "merchants who rule our world" for the collection of this debt.
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