Philippine Economy Talk

[uls]

Saw this graph from Reddit. Curious lang ako bakit mas mataas ang utang ng PH under Pdutz than Marcos admin.

PH debt in a nutshell : PhilippinesAttachment 36628

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mas malaki ang halaga ng pera dati

ung billions na budget dati trillions na ngayon

ung projects na millions lang ang halaga dati billions na ngayon

--

btw when you look at a country's public sector debt you also need to look at the size of the country's economy

gov't debt to gdp ratio

[_Cathy_]

Has anyone watched Enrile? I am FLOORED! He is 96 and ZERO decline in his memory! Reminds me of our family friend doctor, still performed a procedure at 95 (though he got sick na late last year)

Enrile is TALKING LAW at 96. Wow wow wow! He is such a cool Lolo! And look at his hair! Ang kapal pa! That'll be crush in his 90s :P

[dreamur]

Wait until TRAIN2...errr...CITIRA...uhmmm...CREATE becomes a law. Brace for a double-digit unemployment rate.

#matira_ang_mahusay

Neda chief sees 15-yr-high jobless rate amid recession | Inquirer Business

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[jmc21420]

Wait until TRAIN2...errr...CITIRA...uhmmm...CREATE becomes a law. Brace for a double-digit unemployment rate.

#matira_ang_mahusay

Neda chief sees 15-yr-high jobless rate amid recession | Inquirer Business

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Chua is still young, more or less 30 years younger than his predecessor, he’s but no pushover.

TRAIN was his brainchild when he was DOF Usec.

Had it not been for this legislation, the government would have been hard pressed to find the money to give out those who are hardly hit by this pandemic.

I think he’s pushing for the reduction of MCIT for domestic and resident foreign corporations.


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[2lits17]

Has anyone watched Enrile? I am FLOORED! He is 96 and ZERO decline in his memory! Reminds me of our family friend doctor, still performed a procedure at 95 (though he got sick na late last year)

Enrile is TALKING LAW at 96. Wow wow wow! He is such a cool Lolo! And look at his hair! Ang kapal pa! That'll be crush in his 90s :P

i had watch that the senate session this morning... astig naka airpods pro pa siya kanina, siguro nag palit na ng airpods 2 jan sa video na yan. hiyang talaga siya sa stemcell. maybe he is still doing the stemcell procedure once in a while? money is not a problem naman sa kanya.

[Monseratto]

After the euphoria... the realization

“We still do not know whether mRNA-1273 is in fact protective against coronavirus infection in humans,” said BMO Capital Markets’ George Farmer. Translation: Nobody knows if the vaccine works yet. The company has also not said how it plans to make money on the vaccine.

The same market-shifting dynamic happened a few weeks before with Gilead Sciences Inc.

In April, the company and the broader market surged after a report that the company’s Covid-19 drug had helped a small group of patients in Chicago. A week later, they plunged -- and sent the S&P 500 down as well -- after another report that the drug might not work, after all.

Moderna Falls From Record as Euphoria of Vaccine Data Wears Off

[Monseratto]

The bad things just keep rolling out...

[dreamur]

The bad things just keep rolling out...

Yup, like my DDS in-laws who lost their jobs yet still singing high praises to digong. Dinamay pa sister ko sa kabobohan nya. [emoji36]

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[dreamur]

Extinction

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[uls]

may option naman mga mayaman

huwag lumabas ng bahay hanggang magkaroon ng vaccine

[dreamur]

may option naman mga mayaman

huwag lumabas ng bahay hanggang magkaroon ng vaccine

Isa ka na dun uls. Sabi mo okay lang hindi magbubukas business nyo hangang december.

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[jut703]

Dito ba sa Tsikot merong severely impacted yung kabuhayan because of COVID? Parang kung magpost naman mga tao, immune sila sa COVID kahit naka ECQ.

I would assume the employees here are ok. Hindi naman arawan mga member dito. Yung mga may negosyo sinasabi ok naman sila kahit hindi magoperate and may pera naman.

It's really the lower income Filipinos that are affected. We are all facing the same storm but we definitely aren't on the same boat.

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[dr. d]

i like that!
same storm, different boat.

[yubby24]

i like that!
same storm, different boat.

Same image I saw hile browsing 9gag.

[_Cathy_]

i like that!
same storm, different boat.

I don't think about money issues anymore, sort of in denial of what is happening and I just focus on what makes me happy like crush. Napakamalas kasi this is the WORST time to lose a job, and it's a job that I love. Crush has an idea of my family's finances and he told me we stand to lose 30%. Ewan ko talaga saan ako pupulutin, I hope 2021 will be kinder. This is very Filipino... bahala na.

[uls]

jut703:

Dito ba sa Tsikot merong severely impacted yung kabuhayan because of COVID? Parang kung magpost naman mga tao, immune sila sa COVID kahit naka ECQ.

I would assume the employees here are ok. Hindi naman arawan mga member dito. Yung mga may negosyo sinasabi ok naman sila kahit hindi magoperate and may pera naman.

It's really the lower income Filipinos that are affected. We are all facing the same storm but we definitely aren't on the same boat.

i'm the one who's super concerned about the economy and wants the lockdown lifted

somebody here was repeatedly implying that i'm in financial trouble kaya gusto ko ma-lift ang lockdown

hindi naman ma-bring up ung tungkol sa ganun if somebody wasn't repeatedly trolling

actually he's the one who's implying that he's so rich he can survive a lockdown no matter how long it lasts

#matira_ang_whatever

[uls]

even if you're on the biggest boat (coz you got billions in the bank)

when the banks fail you'll end up in a life boat

[Sweetlucious]

Actually if you’re in a bigger boat you have bigger waves to hurdle.

Personally think that low/mid level employees are the most resilient.

They don’t have much investments, they still don’t own/co-own/partnered in businesses. All they have to worry are household expenses. If you compare household expenses to business expense, its peanuts.

The lobbyists now for businesses to start opening are rich guys. Mayaman ang nagwoworry. Yun medya-medya ang di namomroblema.

[dr. d]

Actually if you’re in a bigger boat you have bigger waves to hurdle.
.

with great power, comes great responsibility.

OT.
for reasons of maneuverability, big boats have right of way over smaller boats.

[glenn_duke]

with great power, comes great responsibility.

OT.
for reasons of maneuverability, big boats have right of way over smaller boats.

Thats the difference between the rich and the poor.
The poor will simply sail around the storm.