Results 31 to 40 of 73
-
Verified Tsikot Member
- Join Date
- Jul 2008
- Posts
- 17
January 3rd, 2009 12:32 AM #31thanks a lot ULS for enlightening us.
so major solution talaga is to create jobs so banks would lend money to people & economy will once again propel to normalcy.
sana naman. let's hope & pray for all.
-
January 3rd, 2009 10:31 AM #32
the reason why semiconductor exporters (Asia) are losing business is coz the economy of the biggest consumers (US and EU) are in recession
Consumer and business spending has slowed down.
that's it.
---
so major solution talaga is to create jobs so banks would lend money to people & economy will once again propel to normalcy.
-
January 3rd, 2009 12:58 PM #33
Garments, electronics firms to lay off workers: DOLE
http://abs-cbnnews.com/business/01/0...y-workers-dole
Local companies in the electronics, garments and coconut oil processing sectors are set to lay off more workers this year as a result of the global financial crisis, the Department of Labor and Employment said Friday.
Labor Secretary Marianito Roque said weakening export demand in traditional export markets such as Japan, the United States and Europe have severely affected local manufacturing firms in the three industries.
Semiconductor sales fall 9.8% in November
http://www.marketwatch.com/news/stor...%7D&siteid=rss
SAN FRANCISCO (MarketWatch) -- Worldwide sales of semiconductors fell 9.8% to $20.8 billion in November, compared with $23.1 billion in the year-earlier period, the Semiconductor Industry Association said Friday.
Global Semiconductor Sales Decline 9.8% in November
http://www.bloomberg.com/apps/news?p...WVo&refer=news
Jan. 2 (Bloomberg) -- Global semiconductor sales fell 9.8 percent in November, the second straight monthly slide, as a deteriorating economy hurt chip demand, an industry group said.Last edited by uls; January 3rd, 2009 at 01:12 PM.
-
January 5th, 2009 09:17 PM #34
let correct your notion, the semicon industry will be around even for a longer time as it drives the technology. when this industry set foot in this country in the 60s, it was manufacturing parts for radios & tv only. now the semiconductor tha this insdustry produces are all around you ie. homes, cars, space, hospitals, military hardware, etc...
pulling the plug in this industry is just like living back in the 50s. being export oriented, it is always badly hit during econmic slowdown as majotiry of it's market is on the consumer products like cellphones, music players, appliances,
pc etc...this industry is used to this conditions so cutting workforce is nothing really new to it. in the contrary, once the market picks up, they quick to hire additonal staff to respond to the market needs.
-
January 10th, 2009 10:56 AM #35devaluation. if noon 90's, $100M can run a country ngaun even a $1B can't.
even our 2009 budget, is in the trillion pesos na.
inflation happens coz it's the nature of the system
-
-
Tsikot Member Rank 4
- Join Date
- Oct 2002
- Posts
- 2,716
January 10th, 2009 01:28 PM #37
-
January 10th, 2009 02:14 PM #38
Yep that's the problem
that's what the central bankers are trying to solve
they lowered interest rates
they are buying (or planning to buy) securities -- monetizing debt
let's see if it works
-
January 11th, 2009 01:50 PM #39whenever there is a crisis or a looming crisis, the banks tend to benefit from the situation. the fear and paranoia makes people want to spend less and save more and therefore, all-time high in record deposits.
they have to pay interest on deposits
banks make profit by making loans.
kumikita sila sa interest.
they arent making much loans now.
http://money.cnn.com/2009/01/09/news...ion=2009010915
BoA
Bank of America (BAC, Fortune 500), which will report its results on Jan. 20, is expected to report a profit of $1.39 billion, or 15 cents a share, up sharply from last year's grisly fourth quarter, according to consensus estimates by Thomson Reuters. But it's well below the results of $5.41 billion, or $1.19 a share, in the fourth quarter of 2006.
Earnings at JPMorgan Chase (JPM, Fortune 500) are expected to plummet 83% to $482 million, or just 4 cents a share.
Profits at Wells Fargo (WFC, Fortune 500) will tumble 17% from a year ago, according to Thomson Reuters. And Citigroup (C, Fortune 500), which has been arguably the hardest hit among the group, is expected to book its fifth consecutive loss, this time hemorrhaging close to $3.8 billion, or $1.14 a share.
Fearing the worst, analysts have slashed their forecasts for several banks in recent months. At JPMorgan Chase, for example, current estimates are for the company to report a profit of 4 cents a share. Just a month ago, analysts were expecting a profit of 27 cents per share.
banks don't profit from increased deposits
increased deposits just allow banks to lend out more money
(for every dollar deposit, they can lend out $10)
banks have to make loans to make money
if they don't lend, they don't make moneyLast edited by uls; January 11th, 2009 at 01:52 PM.
-
January 11th, 2009 02:12 PM #40
^^i guess deposit is part of the cycle of every economic existence of a bank. they need our deposits, so they have funds to give out to the public in the concept of loan that bears interest. to a greater extent, they profited from our deposits, which they have extended to the public as interest bearing loans. a portion of the interest would also be paid to the depositor, because the relationship of a bank and a depositor is a special one, akin to debtor and creditor.
see my pahabol statement above. i mean, i can go on vacation anytime. but my spouse has her...
Traffic!