Philippine Economy Talk

**uls** · January 23rd, 2018 02:40 AM

and because everyone else needs to maintain dollar reserves, the US has to run a persistent trade deficit to supply dollars to the rest of the world

as the rest of the world saves dollars, there's a need for some place to park those dollars

the only place large enough to park trillions of dollars is the US treasury market

the US basically borrows the world's dollar savings

**uls** · January 23rd, 2018 03:16 PM

USDPHP breaks above 51

despite the weak dollar

**DenNix** · January 23rd, 2018 11:48 AM

A lot of insights here, and I enjoy reading them.
The Question the I want to bring in now is until when do we play this kind of Game of supply and demand? Who's truly benefiting on this economic system? And why it doesn't work?

We've been using this model since the time immemorial - supply, demand, consume. But for me its twisted. Today we talk about consumption driving the economy to heights, demand pushing the prices up and supply keeping the consumption in normal level. But in between we talk about over supply and how food is being wasted for instance. The fact that poverty is never really shrinking and that the gap between poor and ultra rich is widening every year. The rich is getting richer, poor is getting way poorer. In between we have this clueless Middle class society who believes that there no other way but consume and be entertained, follow the Law, pay taxes, take loans, push themselves to be one of the rich, teach their kids how to be like them, and die quietly like slaves. And the cycle goes on and on.

Come to think of it, it should have been simpler - we need food, clothing, shelter and means to sustain that. Now we have wants that we dont really need. Media is driving this to our minds, telling us be like this and be like that. Entertainment pushing our imagination to compete and fight over the top -- sports heroes telling you to be the best in this, best in that and in order for you to be the best you should wear what they wear, use what they use, drink what they drink. Another example is hollywood movies and stars telling us what beauty is supposed to be, what handsome or ***y gorgeous should be wearing, what kind of face and complexion should be ideal, and that teens with pimples and blemishes are a complete turn-off. And then we see Facebook post encouraging kids to be themselves and fight off bullies? Really? Like when a kid doesnt wear Lacoste, he should be with kids wearing Blue Corner (no offense meant).

70 years of average life expectancy and we spend 4years with our yayas or grandparents as a kid (lucky for u if u were nursed by your own parents), 18 years in school in our teens, 35 years working to consume, pay taxes and debts, 13 years to enjoy your remaining life at an old age. What are we missing? We keep chasing the Good Life -- an imaginary lifestyle set by the elite to keep us hungry for more, to keep us on the loop like rodents on the spinning wheel, keep us chasing the dream they made for us. In return we became slaves, and we revered it. Its a prison that we accepted and considered Normal.

Some great economist and state leaders says: Its the Economy stupid -- I say,--- NO. It's not working, You are stupid for not realizing that, and insane for repeatedly trying the same thing and expecting a different result. The economy is anchored on greediness. The more greedy you are, the more money you'll have.

Well, this is just me saying my take on this economy stuffs. I admit, I dont have the formulla to beat or change whatever it is that I wanted to change. In fact Im part of the problem. Because im one with the problem. Its just me wishing life can offer much more than Live, Work, Die.

**dreamur** · January 23rd, 2018 12:09 PM

Originally Posted by DenNix

A lot of insights here, and I enjoy reading them.
The Question the I want to bring in now is until when do we play this kind of Game of supply and demand? Who's truly benefiting on this economic system? And why it doesn't work?

We've been using this model since the time immemorial - supply, demand, consume. But for me its twisted. Today we talk about consumption driving the economy to heights, demand pushing the prices up and supply keeping the consumption in normal level. But in between we talk about over supply and how food is being wasted for instance. The fact that poverty is never really shrinking and that the gap between poor and ultra rich is widening every year. The rich is getting richer, poor is getting way poorer. In between we have this clueless Middle class society who believes that there no other way but consume and be entertained, follow the Law, pay taxes, take loans, push themselves to be one of the rich, teach their kids how to be like them, and die quietly like slaves. And the cycle goes on and on.

Come to think of it, it should have been simpler - we need food, clothing, shelter and means to sustain that. Now we have wants that we dont really need. Media is driving this to our minds, telling us be like this and be like that. Entertainment pushing our imagination to compete and fight over the top -- sports heroes telling you to be the best in this, best in that and in order for you to be the best you should wear what they wear, use what they use, drink what they drink. Another example is hollywood movies and stars telling us what beauty is supposed to be, what handsome or ***y gorgeous should be wearing, what kind of face and complexion should be ideal, and that teens with pimples and blemishes are a complete turn-off. And then we see Facebook post encouraging kids to be themselves and fight off bullies? Really? Like when a kid doesnt wear Lacoste, he should be with kids wearing Blue Corner (no offense meant).

70 years of average life expectancy and we spend 4years with our yayas or grandparents as a kid (lucky for u if u were nursed by your own parents), 18 years in school in our teens, 35 years working to consume, pay taxes and debts, 13 years to enjoy your remaining life at an old age. What are we missing? We keep chasing the Good Life -- an imaginary lifestyle set by the elite to keep us hungry for more, to keep us on the loop like rodents on the spinning wheel, keep us chasing the dream they made for us. In return we became slaves, and we revered it. Its a prison that we accepted and considered Normal.

Some great economist and state leaders says: Its the Economy stupid -- I say,--- NO. It's not working, You are stupid for not realizing that, and insane for repeatedly trying the same thing and expecting a different result. The economy is anchored on greediness. The more greedy you are, the more money you'll have.

Well, this is just me saying my take on this economy stuffs. I admit, I dont have the formulla to beat or change whatever it is that I wanted to change. In fact Im part of the problem. Because im one with the problem. Its just me wishing life can offer much more than Live, Work, Die.

That's a mouthful but the only thing I can say is to live within our means. Income less savings = expenses maybe a good formula but it does not work all the time. If you just keep the savings in the bank, it will not get very far. So Id say take home pay x 20% investment x 40% savings x 40% expenses = zero.

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**StockEngine** · January 24th, 2018 12:28 AM

edged out by vietnam...

PH economy grows 6.7% in 2017 - YouTube

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**dreamur** · January 24th, 2018 12:32 AM

Originally Posted by StockEngine

edged out by vietnam...

PH economy grows 6.7% in 2017 - YouTube

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Funny that the economic growth is fueled by the BPO industry which is made up of mostly sosy and elite employees.

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**StockEngine** · January 24th, 2018 12:37 AM

Originally Posted by dreamur

Funny that the economic growth is fueled by the BPO industry which is made up of mostly sosy and elite employees.

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1.8M employees ano kaya average income nitong mga BPO...

**dreamur** · January 24th, 2018 08:39 AM

Originally Posted by StockEngine

1.8M employees ano kaya average income nitong mga BPO...

Entry level employees are getting somewhere between P20K to P25K/month. Top executives have minimum salary of P300K (excluding bonuses).

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**SpinCycle** · January 24th, 2018 09:19 AM

Originally Posted by dreamur

Entry level employees are getting somewhere between P20K to P25K/month. Top executives have minimum salary of P300K (excluding bonuses).

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Did the entry level basic salary increase recently? A few years ago it was around 13-15k for the entry level.

For IT related jobs, it can range from 15k all up to 30k for the entry level.

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**CVT** · January 24th, 2018 10:49 AM

Originally Posted by dreamur

Entry level employees are getting somewhere between P20K to P25K/month. Top executives have minimum salary of P300K (excluding bonuses).

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Isa sa mga benchmarks ng mga global shared services companies ang mga BPOs for salaries and benefits....