Philippine Economy Talk

[uls]

Kakatakot!


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ito ang labor force participation rate

ito ung mga tao na may trabaho at mga walang trabaho pero naghahanap ng trabaho





this is done using survey tatanongin ka kung may trabaho ka o naghahanap ng trabaho

so the chart is saying fewer people are working and actively looking for work

dumami ang mga tao walang trabaho at di naghahanap ng trabaho

in short dumami ang tambay

[shadow]

Bakit hinde na agad agad gumawa sila ng new law to give more inventives pa sa mga foreign investments? Bakit ang bagal gumalaw dito.

Kung 10 years tax holiday ibibigay ko na if I'm in control para lang maka generate ng jobs.

Pag mga manufacturing baka habaan ko pa dahil mas maraming jobs sila pwede sabay sabay.

Kung direct investment I'll ****ing give them the red carpet. Saka I'll make sure na one stop shop na lang sila, by pass the LGUs para sa mga permits.


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[Wh1stl3r]

Delikado ngayon collection. Unahan na kung may mapipiga pa sa mga owners ng closed businesses.

[misseksaherada]

Parang sana ganito ba dapat? Tulad ng ginawa ng Germany? Kaso di natin kaya.. Hirap maging mahirap na bansa..
Youtube 3mins - How Germany Won Corona - Nas Daily

[uls]

Kahit mag stimulus sila and hinde na kontrahin ni Dominguez yun amount? Hind rmag V shape?


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if the stimulus money goes to those who need it most

you need strong consumer demand to drive a V shaped recovery

sa dami ng nawalan ng income, dami may utang di makabayad... i dunno how people can spend like pre-covid

kaya i kept saying the gov't should put money in people's pocket

bigyan ng pera mga nawalan ng trabaho para may pang gastos sila... para meron kikitain mga business

businesses need demand

pag madami customer madami order sobra busy mga empleyado kulang ng tao mag ha-hire ng tao

[uls]

Parang sana ganito ba dapat? Tulad ng ginawa ng Germany? Kaso di natin kaya.. Hirap maging mahirap na bansa..
Youtube 3mins - How Germany Won Corona - Nas Daily

glad you posted that

Germany can do that coz, first, of course, they're the biggest economy in the EU

But how can the German gov't afford that?

coz before the pandemic... for a long time, the German gov't maintained a balanced budget

i'm gonna be nerdy here -- it's called schwarze Null or black zero

parang mortal sin sa gobyerno nila gumastos higit sa tax collection nila

so that gives them so much room to go into deficit spending

other countries' governments are always in deficit even in the best of times

ang German gov't parang langgam ipon nang ipon habang may araw para may panggastos pag umulan

ngayon umulan na....

[misseksaherada]

coz before the pandemic... for a long time, the German gov't maintained a balanced budget

i'm gonna be nerdy here -- it's called schwarze Null or black zero

parang mortal sin sa gobyerno nila gumastos higit sa tax collection nila

so that gives them so much room to go into deficit spending

other countries' governments are always in deficit even in the best of times

ang German gov't parang langgam ipon nang ipon habang may araw para may panggastos pag umulan

ngayon umulan na....

Another #TIL for me today.. " it's called schwarze Null or black zero".
Thanks Sir Uls.. Nice to know na ganun pala ang diskarte nila.. Shocks eh utang palang ng Pinas.. Haysssss.. [emoji20]

[ray_noel]

Sa pinas kasi... #YOLO...

Kaya na yolo-be na mga tao.... so germany and intsik are the same in keeping money...


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[uls]

etong gobyerno natin sobra need pera nangungutang sa mamamayan via Progreso bonds

[Little Missy]

Interesting stand from an economist

Twitter

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[uls]

might?

might become worse in Q2?

anong might????

siguradong sigurado when Q2 gdp growth number comes out it will the most horrible thing you ever saw in a long time

[dr. d]

even if it is as sure as taxes,
"might" is still the politically correct term.

[uls]

i would edit his post like "economists think this VERY LIKELY become MUCH worse in the 2nd quarter"

[Monseratto]

Where did P1.3T new money go? BSP liquidity push flops as banks tighten lending, borrowers hold back – Bilyonaryo

Demand for loans in the second quarter of 2020 declined to their lowest since 2009 as banks tightened credit standards despite efforts by the Bangko Sentral ng Pilipinas to release more money into the system

In a virtual briefing Monday, BSP Department of Economic Research (DER) acting Deputy Director Lara Romina Ganapin said results of the second-quarter 2020 Senior Bank Loan Officers’ survey (SLOS) done from June 1 to July 7, 2020 showed that demand fell primarily due to borrowers’ outlook on their ability to pay and low desire to borrow.

The result of the latest SLOS showed a large number of bank officers who reported tighter credit standards, a first after 44 consecutive quarters of unchanged credit standards.

Ganapin said the tightening of credit standards applies to all types of loans for enterprises and households.

“Respondent banks attributed the tightening of over-all credit standards to less favorable economic outlook, deterioration in the profile of borrowers and profitability of banks’ portfolios and an overall risk tolerance of banks, among other factors,” she said.

[uls]

Where did P1.3T new money go? BSP liquidity push flops as banks tighten lending, borrowers hold back – Bilyonaryo

well of course

dami may problema sa cashflow

konti lang creditworthy ngayon

[shadow]

well of course

dami may problema sa cashflow

konti lang creditworthy ngayon

Kaya nga yan low interest yun mga mayaman pa rin makikinabang ngayon. Walang pakinabang mga regular na toa diyan sa low interest ng banks.


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[Monseratto]

well of course

dami may problema sa cashflow

konti lang creditworthy ngayon

Panay tawag pa naman ng CC company kung gusto to mag cash advance sa kanila...

[shadow]

Panay tawag pa naman ng CC company kung gusto to mag cash advance sa kanila...

It's a trap!


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[dr. d]

Panay tawag pa naman ng CC company kung gusto to mag cash advance sa kanila...

sa inis ko dahil paulit-ulit nah,
"madam, hindi ko kelangan."
"but why, sir?"
"i'm rich. i can offer you a loan, if you like."
that did it.
tumigil.

[glenn_duke]

sa inis ko dahil paulit-ulit nah,
"madam, hindi ko kelangan."
"but why, sir?"
"i'm rich. i can offer you a loan, if you like."
that did it.
tumigil.

May expiry yung cash loan offer nila.
Sa pa loan mo doc may expiry ba? available ba all year round?