Monday, April 25, 2011

In Turkey, Banks Nudged to Cool a Sizzling Economy - NYTimes.com

"In Turkey, Banks Nudged to Cool a Sizzling Economy
Osman Orsal/Reuters

By LANDON THOMAS Jr.

ISTANBUL — Is Turkey’s booming economy heading for a fall? It certainly looks that way.
Stockbrokers endure four-month waiting lists to pay as much as $150,000 for top-of-the-line Audis and BMWs — or twice the manufacturer’s price after taxes — and a real estate developer laid out $800 million for 9.7 hectares, or 24 acres, a record for land in Istanbul’s city center"

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