Philippine Economy Talk

[crosswind]

Would Expansionary monetary policy help the economy given the situation brought to by covid19?

[Ry_Tower]

Do you mean boon or bane?

While in principle we shouldn't have entertained POGOs in the first place, their presence has brought economic growth. More pogo = more consumption, higher real estate prices, more ancillary jobs (driver, cleaner, translators, etc).

Their exit means the loss of livelihood for those involved in this economic ecosystem as well, so I'd say the loss of POGOs is another blow to our already ailing economy.

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Bane. Sorry got mixed up.

It has its boon indeed but bane for me because industries like this is a gamble. We should not have, indeed, entertained it in the first place because of how volatile and politically ingrained it is. Too much risk imho because of China's own disdain for such endeavor.

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[Monseratto]

More R&B closures....

San Juan neighborhood bar Moksha to close after 18 years | ABS-CBN News

[uls]

Would Expansionary monetary policy help the economy given the situation brought to by covid19?

even if the central bank lowers rates to zero

if there's no demand, businesses see no need to borrow

-

the whole point in easing monetary policy is to make money cheap

businesses would be encouraged to borrow to build/expand businesses, hire more workers

pero kung mahina ang final demand there's no point in expanding businesses

cheap money will only go to speculation in financial assets

kaya kailangan ng fiscal di lang monetary

[boybi]

Problema din, banks are not passing on the low interest rates to debtors.

[shadow]

Ang makikinabang pa rin sa lower rate is yun mga may pera rin eh. Banks are more incline to lend to them, so SME wala pa rin.


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[_Cathy_]

CPA lawyer



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[carwhacko]

So kung maraming businesses na magsasara anong industries nalang magssurvive? IT industry? Logistics? Food manufacturing? Adult entertainment?


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[uls]

oo p0rn

--

aside from food what do people consume a lot of when they stay home all day?

entertainment

so content providers will survive

look at pinoy youtuber vloggers

[_Cathy_]

oo p0rn

--

aside from food what do people consume a lot of when they stay home all day?

entertainment

so content providers will survive

look at pinoy youtuber vloggers

Grabe these youtubers, makes me question my life choices.

Mas malaki pa kumita sa doctor at abogado, and there are a LOT of youtubers with 6 digit sub counts. Even million sub counts, dime a dozen na, kung wala pakialam sa privacy and criticism, it's the fastest and easiest way to make money.

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