Philippine Economy Talk

[Bin Diesel]

I have not heard about that.
What we used to do/believe is Cortal + Coke.

Well that's what you make your GF drink if you made love not war...

[uls]

May bbg terminal ka ata sir. Haha.

haha i wish

[pobre24]

I vaguely remember that commercial. IIRC it was Lou Ferrigno. Didn't dare do it hehe

hahaha classic.. btw, it was Danny Vanni

[Archerfish]

I have not heard about that.
What we used to do/believe is Cortal + Coke.

Cortal!!! I've heard some men talking about it.

[Wh1stl3r]

You can try it! I did it and it tasted... you can add the adjective.

I admire your courage haha. I almost tried it but it just didn't look right after I mixed it so down the drain it went.

hahaha classic.. btw, it was Danny Vanni

Wow. That's the guy pala. Could've sworn it was the hulk. All I remember was the poofy hair and full beard.

BTT: was the hike 25 basis points?

[ray_noel]

If i have USD saving account which i got for around 48php=1usd... is it okay to have all my usd bills exchange to peso now? I live in Philippines... are their any cons and pros?


Sent from my iPhone using Tapatalk

[baludoy]

^ In this kind of economy under the stubbornly insular digong presidency, the worst is yet to come. Sell some $ if needed but keep the others because it's going to be rough

do what you gotta do so you can do what you wanna do

[Monseratto]

Closing in on 7,000 pts

As of June 21, 2018
10:22:00 AM
PSEi
7,161.05pts
DOWN-100.57
DOWN-1.39%▼

ALI
37.35
Down-0.90
Down-2.35%▼

AC
907.00
Down-8.00
Down-0.87%▼

[uls]

Philippines ETF

[A121]

It has been 10 years since the last GFC. Hopefully, we have a war chest to weather out the potential brewing storm.

[uls]

too bad PH doesn't have a rainy day fund (sovereign wealth fund)

[uls]

need another rate hike

[Ketib]

need another rate hike

Talo talaga ang may dollar loan nito.

[Monseratto]

Like a hot knife through butter...

[uls]

The Fed kept interest rates near zero for several years

Funds went to emerging markets for higher returns

Demand for EM bonds encouraged EM corporates to borrow in dollars

and borrow they did

trillions of $$$ in past several years

see purple line









now that US interest rates are rising there’s less incentive to remain in EM

funds go back home

dollar exodus = dollar scarcity = dollar rises against EM currencies

EM corporates have tons of dollar-denominated debt they have to repay

see the problem?

[uls]

Like a hot knife through butter...

are we close to the line i drew?

hehe

[Monseratto]

We are officially in a Bear Market... All the gains from 2017 has been wiped out.

Philippine Stocks Enter Bear Market and More Pain May Be Ahead - Bloomberg

Sent from my SM-N9005 using Tapatalk

[Monseratto]

are we close to the line i drew?

hehe

As of June 22, 2018
9:58:00 AM
PSEi
6,938.02
-160.13
-2.26%▼

AC
871.00
-30.00
-3.33%▼


Stay off the Markets for now...

Top Philippine Stock Fund Holds On to Cash as Bear Market Nears - Bloomberg

“There is no rush to buy into this market," said Steven Ko, who helps manage about $1.12 billion at Rizal Commercial Banking Corp. “Sentiments have become very negative that it’s highly possible we will see a bear market in the near term."

“There is no rush to buy into this market," said Steven Ko, who helps manage about $1.12 billion at Rizal Commercial Banking Corp. “Sentiments have become very negative that it’s highly possible we will see a bear market in the near term."

“The weakness and sell-off in equities are mostly currency-related," Ko said. While Philippine economic growth is still one of the fastest in the region, “most foreign investors are bearish" because they are also being hit by the weaker peso.

[Monseratto]

Brave souls are bargain hunting now... Index in the 7k level again.

As of June 22, 2018
10:58:00 AM

PSEi
7,064.30
-33.85
-0.48▼

[Monseratto]

Bargain hunters saved the day...


As of June 22, 2018
3:20:00 PM

PSEi
7,063.20
-34.95
-0.49▼