Philippine Economy Talk

[uls]

I think Ben Diokno is in denial or just trying to be positive sa mga pronouncement niya about our economy.

I really feel there's no end in sight in the immediate future Para makabangon tayo. Tataas pa a lalo lahat ng presyo.

Kung hinde na mag adjust BSP. It's gonna be too late or wala na magigign effect kung pinatagal pa nila adjustment.


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last year pa namin napapansin ni sir boybi tumataas ang presyo ng commodities

dami pera pumapasok sa stocks and crypto... Q4 2021 sabi ko it's gonna be problematic pag pumasok ung pera sa commodities... which happened

the US printed too much money during the pandemic

a lot of that money went to financial market speculation

nagtataka ako bakit mga economic managers ng pinas walang paki sa nangyayari

maybe coz everyone's too busy sa election

i kept posting about global food crisis and waited for local media to catch up but it was only recently nirereport ng media

i think it was only after the election that economic managers started looking at the problem

first rate hike in 3 years was on May 19

[uls]

June 3

USDPHP will be 53 very soon

normally PH has enough $$$ reserves to cover 8 to 10 months of imports

soon it will be enough to cover 6

i'm usually early with my predictions

the authorities should prioritize $$$ reserves above anything else

kung pwede huwag muna mag import ng di importante para makatipid sa dollars

like wag muna magpa-concert ng mga foreign artist

dami pa naman magco-concert this year

today

[dr. d]

so i am curious,
what are the country's bigger dollar imports, that can possibly be limited, without cutting too much into our way of life as we know it?

[TopEngine]

Just watched TP's vlog, and I got interested to Lopez's history. The unheard history has just started to be uncovered.

Kinship Politics in Post-War Philippines: The Lopez Family, 1945–1989

[c_cube]

Ang saya saya para sa mga USD earner [emoji15]




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[ratboy]

Japan is the black swan. Kuroda just wouldnt stop the printing press. Another 10% depreciation for JPY will mean retest of asian financial crisis lows for the yen.

[kagalingan]

im ok dito sa foreign ownership.. Pero bawal yung gagawan tapunan ng adult diaper pinas ah. Bastos yung canada dati.

and yung mga nag-oorganic farming sa california, cuba ito mga gusto ko magka ownership para matuto mga pinoy ng pamamaraan. Kailangan natin makahabol sa vietnam.

So piliin kung kanino mas matuto pinas long-term.

[Monseratto]

From FB...



Tech firms laying off staff to 'consolidate' as funding dries up, say analysts - CNA

[uls]

Tech firms laying off staff to 'consolidate' as funding dries up, say analysts - CNA

the days of burning investor cash for an indefinite period of time are now gone

tech startups enjoyed unlimited funding... venture capitalists begging them to take money

startups focused entirely on increasing number of users

subsidizing users using investor money (like pricing a product or service way below cost to attract users)

those days are over

investors now demand FCF (free cash flow)

[baludoy]

sign of the times

[dr. d]

we are being pomelo-ed from all sides...
... i wouldn't know where to start...

[Gumusut_Amige]

sign of the times

malaki ang knock-on effect nito!
- ang sakit naman para sa mga driver na na-displaced involuntarily. ito ngayon ang literal na survival of the fittest!
- sigurado na hindi lang sila ang gumagawa nito, pahirapan na ngayon maghanap ng trabaho
- yung dating mataas na unemployment rate natin siguradong sisipa pa pataas
- ewan ko kung anong inflationary measures ngayon ang ginagawa ng ating pamunuan

hindi rin umaayon sa panahon ang nangyayari sa ngayon dahil nasa "transition phase" ang gobyerno natin. pwedeng sabihin nung isa na bahala na yung susunod na admin.

sana yung mga business owners will moderate their greed pagdating sa target profit nila.

[dr. d]

the operator already lowered daw the boundary from 1500 to 1000 bucks,
and still dwindling takers...

[_Qwerty_]

1K boundary + 3K gas for 24 hours shift.. tapos kakain ka pa 3x.. tapos carwash pa 100.. ma swerte na may maiuwi na 500..

the operator already lowered daw the boundary from 1500 to 1000 bucks,
and still dwindling takers...

[uls]

Japan is the black swan. Kuroda just wouldnt stop the printing press. Another 10% depreciation for JPY will mean retest of asian financial crisis lows for the yen.

this should be in the world economy thread

Japan isn't raising interest rates coz their economy cannot take higher interest rates

BOJ is suppressing their 10Y yield by unlimited buying of bonds (basically printing unli yen to buy bonds)

they can't let bond yields rise coz their economy will implode but if they keep printing yen the yen's value will keep declining

they're stuck

[boybi]

malaki ang knock-on effect nito!
- ang sakit naman para sa mga driver na na-displaced involuntarily. ito ngayon ang literal na survival of the fittest!
- sigurado na hindi lang sila ang gumagawa nito, pahirapan na ngayon maghanap ng trabaho
- yung dating mataas na unemployment rate natin siguradong sisipa pa pataas
- ewan ko kung anong inflationary measures ngayon ang ginagawa ng ating pamunuan

hindi rin umaayon sa panahon ang nangyayari sa ngayon dahil nasa "transition phase" ang gobyerno natin. pwedeng sabihin nung isa na bahala na yung susunod na admin.

sana yung mga business owners will moderate their greed pagdating sa target profit nila.

Kung mataas ang unemployment rate, bakit kaarte pa din ng mga naghahanap ng trabaho. Sabi ng kakilala ko in the restaurant business, hirap sila makakuha ng applicants in their different branches across several provinces. Parang ang gusto ng lahat e sa NCR yata magtrabaho.

[uls]

Kung mataas ang unemployment rate, bakit kaarte pa din ng mga naghahanap ng trabaho. Sabi ng kakilala ko in the restaurant business, hirap sila makakuha ng applicants in their different branches across several provinces. Parang ang gusto ng lahat e sa NCR yata magtrabaho.

i don't think dahil gusto mag work sa NCR

i think dahil sa 2 yrs of lockdowns people found other ways to make a living (like online selling, grab/lalamove rider etc)

-

sa isang dinner recently napunta ang kwentuhan sa reopening ng mga business

sabi ng isang may ari ng resto meron siya ilan employees di na bumalik

ung isa daw nag join sa networking (Fern-C) during the pandemic... mukhang hiyang doon ayaw na bumalik

-

for a number of people the pandemic turned out to be a blessing in disguise

ung mga nawalan ng trabaho napilitan maghanap/magisip ng ibang hanapbuhay

ung nahanap/naisip nila turned out to be better than what they did for a living pre-pandemic

[Sweetlucious]

^^^Yes madami naging grab/lala rider.

And some of the wives naman ng online selling ng kung ano-ano.

Try going to Binondo pati alahas online selling, sometimes live selling sa mismo stores.

[Monseratto]

54 to 1 USDollar next week...

[uls]

our inflation has not yet peaked

weaker PHP will accelerate inflation

mababa pa ito