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  1. Join Date
    Oct 2017
    Posts
    3,219
    #931
    Quote Originally Posted by uls View Post
    heard that rice is smuggled from malaysia to the southern provinces kaya nasanay mga tao sa cheap rice

    no farmer and legit rice trader can compete with smuggled rice coz it's so cheap

    then bigla nawala ang smuggled rice

    kaya nagka rice shortage
    I can attest to this.

    I hail from the south and marami ngang rice smugglers doon.

    From VN and Malaysia. Head smuggler is from Cebu. Bagsakan sa Mindanao? you guessed it. Davao.

  2. Join Date
    Sep 2014
    Posts
    8,481
    #932
    Quote Originally Posted by uls View Post
    Again, rising food prices are know to topple governments

    governments will try to prevent it at all cost

    all populist leaders react the same to rising prices

    subsidies and price controls -- to pacify the masses

    but subsidies increase govt debt

    govt increases borrowing

    govt raises taxes

    -

    price controls lead to shortages

    so who does the govt go after?

    businesses

    -

    why do you need to follow markets?

    you look for signs

    for what?

    to know when to get your capital out of the country before the govt imposes capital controls

    get it?

    capital controls?

    as things deteriorate, the local currency's value will keep falling

    tendency is people will convert local currency to dollars to preserve value

    strong demand for dollars = dollar scarcity

    as dollar reserves fall to dangerous levels the govt will limit the amount of dollars you can withdraw

    pag lalo ba tumaas rice magmumura na ang baril, budget ko lang sana isa this year pero kung babagsak presyo ng baril coz walang demand coz people will go back to basics, bile pa ako ng isang Glock 17 salpakan ko ng Micro Roni Gen 4

    hindi naman ako apektado sa rice, kasi hindi na man ako kumakain ng rice gano sa meals

  3. Join Date
    Jan 2003
    Posts
    2,407
    #933
    Quote Originally Posted by uls View Post
    Again, rising food prices are know to topple governments

    governments will try to prevent it at all cost

    all populist leaders react the same to rising prices

    subsidies and price controls -- to pacify the masses

    but subsidies increase govt debt

    govt increases borrowing

    govt raises taxes

    -

    price controls lead to shortages

    so who does the govt go after?

    businesses

    -

    why do you need to follow markets?

    you look for signs

    for what?

    to know when to get your capital out of the country before the govt imposes capital controls

    get it?

    capital controls?

    as things deteriorate, the local currency's value will keep falling

    tendency is people will convert local currency to dollars to preserve value

    strong demand for dollars = dollar scarcity

    as dollar reserves fall to dangerous levels the govt will limit the amount of dollars you can withdraw
    I think we are still on a reasonable level when compared to other countries that entered crises. What do you think?

  4. Join Date
    Nov 2005
    Posts
    34,875
    #934
    Quote Originally Posted by A121 View Post
    I think we are still on a reasonable level when compared to other countries that entered crises. What do you think?

    well there are several EM economies in worse shape than us



  5. Join Date
    Nov 2005
    Posts
    34,875
    #935
    but things can go south really fast if something crazy happens like du30 not finishing his term and transition gets messy

    dollar exodus happens fast

  6. Join Date
    Jan 2003
    Posts
    2,407
    #936
    Quote Originally Posted by uls View Post
    but things can go south really fast if something crazy happens like du30 not finishing his term and transition gets messy

    dollar exodus happens fast
    Oo nga eh. Pag sabi ng foreign funds sell ph, sell ph talaga. Wala tayong pansalo dyan. Aasahan lang yung remittance (until now)

    Though, parang wala namang economic policy (up to this point) na sadyang hindi sound. Unless haha

  7. Join Date
    Nov 2005
    Posts
    34,875
    #937
    Gov. Nestor Espenilla Jr.: We are very committed to revert the inflation path to target.

    this i gotta see

  8. Join Date
    Nov 2005
    Posts
    34,875
    #938
    so will we see 6% inflation in the next data release?

    i think we will

  9. Join Date
    Sep 2003
    Posts
    21,876
    #939
    BSP, analysts expect inflation to hit 9-year high in August - CNN Philippines



    Economists from the Bangko Sentral ng Pilipinas (BSP) peg inflation to fall at 5.9 percent, or between 5.5 to 6.2 percent in August. This would put inflation at its highest in nine years.

  10. Join Date
    Sep 2003
    Posts
    21,876
    #940
    Hehehe... For health reasons daw.



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Philippine Economy Talk