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  1. Join Date
    Nov 2005
    Posts
    34,875
    #611
    too bad PH doesn't have a rainy day fund (sovereign wealth fund)

  2. Join Date
    Nov 2005
    Posts
    34,875
    #612
    need another rate hike


  3. Join Date
    Oct 2014
    Posts
    1,208
    #613
    Quote Originally Posted by uls View Post
    need another rate hike

    Talo talaga ang may dollar loan nito.

  4. Join Date
    Sep 2003
    Posts
    21,876
    #614
    Like a hot knife through butter...


  5. Join Date
    Nov 2005
    Posts
    34,875
    #615
    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?

  6. Join Date
    Nov 2005
    Posts
    34,875
    #616
    Quote Originally Posted by Monseratto View Post
    Like a hot knife through butter...


    are we close to the line i drew?

    hehe


  7. Join Date
    Sep 2003
    Posts
    21,876
    #617
    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

  8. Join Date
    Sep 2003
    Posts
    21,876
    #618
    Quote Originally Posted by uls View Post
    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.
    Last edited by Monseratto; June 22nd, 2018 at 11:00 AM.

  9. Join Date
    Sep 2003
    Posts
    21,876
    #619
    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▼

  10. Join Date
    Sep 2003
    Posts
    21,876
    #620
    Bargain hunters saved the day...


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

    PSEi
    7,063.20
    -34.95
    -0.49▼
    Last edited by Monseratto; June 22nd, 2018 at 04:37 PM.

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Philippine Economy Talk