Philippine Economy Talk

[uls]

sa media they keep saying inflation is rising prices

that's true but that's the effect

what's the cause?

rising money supply

more money in circulation = more money chasing goods so prices go up

imagine if everyone was given 1 million pesos cash

everyone will show up at car dealerships, appliance centers, supermarkets, malls etc

sobra dami tao gusto bumili

imagine what happens to prices

--

the question i keep hearing from people who don't understand -- "why don't you just print money and give everyone money?"

that's what happens

[jut703]

The rising oil prices and declining peso are very big factors that a lot of people already recognize as causes of inflation. Well, at least those who aren't in denial.

Another less discussed factor for inflation is actually consumer psychology - if they expect prices to go up, they hoard in the short run, thereby increasing demand and prices which basically makes inflation a self-fulfilling prophecy.

[ANALYSIS] Why is Philippine inflation now the highest in ASEAN?

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[jut703]

sa media they keep saying inflation is rising prices

that's true but that's the effect

what's the cause?

rising money supply

more money in circulation = more money chasing goods so prices go up

imagine if everyone was given 1 million pesos cash

everyone will show up at car dealerships, appliance centers, supermarkets, malls etc

sobra dami tao gusto bumili

imagine what happens to prices

--

the question i keep hearing from people who don't understand -- "why don't you just print money and give everyone money?"

that's what happens

Btw uls diba taga Banawe ka, dito ako sa may carwash sa Maria Clara. Kape tayo para may kausap ako about inflation habang naghihintay.

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[uls]

from the article posted by JUT

ito ung sinasabi ko bad timing ang TRAIN law

kung kailan pataas ang presyo ng crude oil, doon pumasok ang TRAIN

If indeed valid, this theory gives us reason to think President Duterte’s tax reform law (TRAIN) is patently ill-timed.

If you recall, TRAIN included tax hikes on several petroleum products, such as unleaded gasoline, diesel, and kerosene. Unknown to many, TRAIN also provides for two more rounds of automatic petroleum tax hikes in 2019 and 2020.

This policy, to me, is like rubbing salt on one’s economic wounds.

Combined with the fact that global oil prices later this year could reach up to $90 per barrel—because of limited supplies from key oil exporters like Iran and Venezuela—it seems cruel to impose additional tax hikes on fuels come January 2019.

[uls]

Btw uls diba taga Banawe ka, dito ako sa may carwash sa Maria Clara. Kape tayo para may kausap ako about inflation habang naghihintay.

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Genki?


shy ako eh

hehe

[jut703]

Genki?


shy ako eh

hehe

Yep. Libre ko na kape at merienda. Dito lang ako sa labas naka black polo shirt if you wanna drop by.

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[uls]

Yep. Libre ko na kape at merienda. Dito lang ako sa labas naka black polo shirt if you wanna drop by.

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hmmm

pero seriously nahihiya ako

after being seen as a du30 troll and all

[Egan101]

Yep. Libre ko na kape at merienda. Dito lang ako sa labas naka black polo shirt if you wanna drop by.

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Heavy weight ang discussion na eto kung magkaharap si Jut at Uls.

[jut703]

hmmm

pero seriously nahihiya ako

after being seen as a du30 troll and all

As I always say, you get to know a person better if you meet them in person rather than online.

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[Egan101]

*Uls - if you find yourself out here at BGC, just send us a PM. Dito lang kami ni Vinj at dreamur. We'd like to hear your views on the financial state of our nation.