Philippine Economy Talk

[uls]

"how about i open my own trading account and pick my own stocks"

"no, mas magaling mga professional fund manager... experts sila"

experts:

[uls]

if you're wondering why USDPHP is holding around the 59 level

coz bangko sentral is defending 59

coz 60 is bad you don't wanna go there

[uls]

Oct 11 in another thread:

^^^

actually pababa ang forex reserves natin

below $100B



kaya hindi good idea magbenta ng dollars ang bangko sentral para idefend ang peso

let the market determine the dollar's value

this is Japan's forex reserves

1.2 trillion



i posted this on Sept 23 sa world economy thread

speaking of the yen...

the dollar pulled back against the yen yesterday after going above 145

fell as low as 140/141



the BOJ intervened (they sold dollars)

do you know how much the BOJ spent on that intervention?



and what did they get?

nasa 145 ang USDJPY ngayon

di naman nila napalakas ang yen

although hindi na umabot ng 150

btw USDJPY nag 150 na

Japan had to spend 20B dollars just to prevent USDJPY from going to 150

there's no way PH has enough firepower to defend the peso

so don't waste dollars trying to defend the peso

Japan has 1.2 trillion in firepower

they can keep attackers at bay

PH cannot

[uls]

^^^

why did i repost that?

ung sinasabi ko huwag gawin ginagawa na nila

[shadow]

Ubos siguro in 1-½ weeks yun $10B


Sent from my iPhone using Tapatalk

[uls]

kung kelan kailangan magtipid ng dollars

nagsasayang ng dollars ang BSP

wtf

[uls]

tingin ko political yan

the gov't facing criticism over USDPHP breaking records almost daily

baka may instruction huwag paabutin ng 60

coz that number will have strong psychological impact

imagine headlines "USDPHP reaches 60"

[dreamur]

Ubos siguro in 1-½ weeks yun $10B


Sent from my iPhone using Tapatalk

Magkano pa kaya ang hidden wealth sa swiss bank ni da father.

Kung serious si dayunior sa economic recovery, i-donate na niya un. Marami pang pinklawan mako-convert.

Sent from my SM-S908E using Tsikot Forums mobile app

[uls]

Ubos siguro in 1-½ weeks yun $10B


Sent from my iPhone using Tapatalk

[Mask Rider Blac]

Why does it seems like Diokno is calling the shots? He's not even the BSP Governor.

Sent from my CPH1911 using Tsikot Forums mobile app