Philippine Economy Talk

[uls]

during Aquino's term (2010 to 2016) US Fed interest rates were at zero



the financial crisis started in 2007

by Dec 2008 the US central bank had cut interest rates to zero and went on a bond buying program (money printing)

that caused the value of the dollar to drop

that's why the peso was strong during Aquino's term



Aquino had very little or nothing to do with peso strength during his term

nagkataon lang his term happened during the time when the US central bank was printing dollars to infinity

[dreamur]

Buti ka pa. I have maybe 1k in USD. May trip pa naman kami sa US this year. Mukhang Kmart at Dollar stores ang bagsak namin nito.

IIRC the Euro was at PHP 51-52 when we were in Europe in 2012. Ngayon USD na lang mabibili ng PHP 52.

Might be coincidence, but during Pnoy's time we didn't have a single price increase. We actually had to reduce prices once or twice.

Yup...palpak talaga ung abnoy na un :D

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[shadow]

My question is economically, are we better right now or pareho lang during Pnoy's? Alisin na natin yun outside factors. Ok, swerte si pnoy, malas si duts dahil sa Timing. How about yun financial teams nila?




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[uls]

My question is economically, are we better right now or pareho lang during Pnoy's? Alisin na natin yun outside factors. Ok, swerte si pnoy, malas si duts dahil sa Timing. How about yun financial teams nila?




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ok, ask kita shadow,

mas malaki ba ang kita niyo for the full year of 2017?

compared to previous years?

maganda ang 2017 diba?

[shadow]

ok, ask kita shadow,

mas malaki ba ang kita niyo for the full year of 2017?

compared to previous years?

maganda ang 2017 diba?

To be honest, not as bad as we're expecting the most is pareho lang. But that's because Yun nature ng 3 main businesses namin is not really affected by dollar movements. I don't want to get into details here but to put it simply we can take the hit.

But I don't know with others.

PM kita explain lo sayo kung bakit Hinde kami affected.



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[uls]

To be honest, not as bad as we're expecting the most is pareho lang. But that's because Yun nature ng 3 main businesses namin is not really affected by dollar movements. I don't want to get into details here but to put it simply we can take the hit.

But I don't know with others.

PM kita explain lo sayo kung bakit Hinde kami affected.



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Ok

What I actually meant was.... 2017 is the first full year of the du30 admin

I heard quite a number of business people say 2017 was a good year

So I think it was a good year for you too

[uls]

To be honest, not as bad as we're expecting the most is pareho lang. But that's because Yun nature ng 3 main businesses namin is not really affected by dollar movements. I don't want to get into details here but to put it simply we can take the hit.

But I don't know with others.

PM kita explain lo sayo kung bakit Hinde kami affected.



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got your PM

affected kami ng exchange rate coz we import

pero aware ako sa nangyayari sa labas ng bansa -- nagbago ang monetary policy ng US so lumakas ang dollar

kaya di ko sinisisi ang current admin sa paghina ng piso (the same way i don't credit the previous admin for the strong peso)

uninformed people blame du30

specially those biased against him

[minicarph]

got your PM

affected kami ng exchange rate coz we import

pero aware ako sa nangyayari sa labas ng bansa -- nagbago ang monetary policy ng US so lumakas ang dollar

I read the entire book of Trump. Its called the Art of The Deal. Trump plays the long game, or probably the long bluff game.

Ang problema kasi sa mga dilaw, panic kagad whenever there are negative news. and then they tend to magnify it pa. ang hindi nila alam they are the their own source of economic sabotage.

Trump is one of the most unique leaders na nabasa ko talaga. in fact, he can compared to other great leaders of the past. pag reklamador ka, quitter ka, bagsak ka. you are your own downfall.

Pero actually this is how Trump filters people. how he separates the weak from the strong, so that the strong can be stronger. so for those of you who think that the economy will fall. It will fall not because of the economy in general, it will fall because of your attitude. and guess what, sa field nyo lang mag-fall. That is how nature filters the weak from the strong.

actually ang galing ng ating Presidente, and thats why Trump respects him. He played both sides, actually so many sides that instead of us being always the underdog, suddenly all our neighbors are wooing us, including the USA hhihi

[dreamur]

You can google all you want uls but the reality remains that investors are pulling out from the PH market because of unstable fiscal policies. But of course you wont admit that.

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[minicarph]

You can google all you want uls but the reality remains that investors are pulling out from the PH market because of unstable fiscal policies. But of course you wont admit that.

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dream lahat bullish sa economy ngaun even sa nearby provinces. I go out Friday and Saturday, with Friday mostly in Ortigas, and Saturday in BGC, and people have lots of money spend. so many new sprouting businesses to, pero usually mga maliliit lang muna. there's too much creativity and energy, more particularly emanating from the younger millenial gen.

wag mo na kasi samahan mga kasing tanda mo, kasi talaga sa bahay na lang sila reading or watching the news. It's the age gap and some how it's showing the illusion that is the world but it's not . I tell you

I can startup 5 business ngaun na sa tingen ko maging feasible in the next years to come. hiwalayan mo na kasi ang yellow army. they are now the prophets of doom or in America, they are the or the naysayers coincidentally, in American the naysayers today are the future homeless.

puro kasi kayo macroeconomics, think microeconomics. the only way to observer micro, is to be right there in the dead center, not the passive informing yourself from charts and news.