Things will get worse for the Philippines before they get better. The question is how soon will we bounce back, and when we do, how big will that bounce be?
We desperately need a good economic manager at the helm of the RP gov't, and it's unfortunate that the economist we have for a president is either ineffective or is focusing on... er... other things. :-S
ang sabi sa good morning america, wag daw mag panic. pero kahit ano pang advice ang ibigay nila, sino ba naman ang hindi matatakot? ako nga, everyday pagkagising ko kinakabahan kung anong magiging impact nito sa work ko.
i dont think there is need for panic. all the hoopla about the worst crisis since Great Depression is a big exaggeration, at least for now. That is why analysts are watching the US jobs data to see if jobs are lost. when that number becomes high, that's when i will call it the New Great Depression.
As it is, the US market and the PSEi is already recovering with news of the bailouts and the coming of white knights for Lehman and AIG. People are buying because of low prices. Support and demand lang naman yan sis. What falls hard, rises fast.
Although I still expect some volatility in the markets, we have to remember that the economic fundamentals of the country, whether you like GMA or not, are strong. Fund managers are pulling out of third-line markets like the Phils because of trouble at home. But they can't stay out for long.
On the stock market, there are a few support levels for the index so let's see if they will hold. Going down to 2500 or lower is bad news.
I for one am anticipating the 4th quarter numbers. hopefully, they will be good, if not better.
maliit lang naman daw ang exposure ng philippine banks sa lehamn, like 0.3 or 0.4 percent...BDO says they have a P3.8 billion exposure but is confident to still post a reasonable net income for the year...sun life mas malaki at $334 million...although its really too early to tell just exactly how lehman's troubles will impact on us...naalala ko lang yung problema over CAp before...ilang bata ba ang halos hindi makapa-aral dahil nawala yung college plan nila?...
Things will get worse for the Philippines before they get better. The question is how soon will we bounce back, and when we do, how big will that bounce be?
ReplyDeleteWe desperately need a good economic manager at the helm of the RP gov't, and it's unfortunate that the economist we have for a president is either ineffective or is focusing on... er... other things. :-S
ang sabi sa good morning america, wag daw mag panic. pero kahit ano pang advice ang ibigay nila, sino ba naman ang hindi matatakot? ako nga, everyday pagkagising ko kinakabahan kung anong magiging impact nito sa work ko.
ReplyDeletei dont think there is need for panic. all the hoopla about the worst crisis since Great Depression is a big exaggeration, at least for now. That is why analysts are watching the US jobs data to see if jobs are lost. when that number becomes high, that's when i will call it the New Great Depression.
ReplyDeleteAs it is, the US market and the PSEi is already recovering with news of the bailouts and the coming of white knights for Lehman and AIG. People are buying because of low prices. Support and demand lang naman yan sis. What falls hard, rises fast.
Although I still expect some volatility in the markets, we have to remember that the economic fundamentals of the country, whether you like GMA or not, are strong. Fund managers are pulling out of third-line markets like the Phils because of trouble at home. But they can't stay out for long.
On the stock market, there are a few support levels for the index so let's see if they will hold. Going down to 2500 or lower is bad news.
I for one am anticipating the 4th quarter numbers. hopefully, they will be good, if not better.
maliit lang naman daw ang exposure ng philippine banks sa lehamn, like 0.3 or 0.4 percent...BDO says they have a P3.8 billion exposure but is confident to still post a reasonable net income for the year...sun life mas malaki at $334 million...although its really too early to tell just exactly how lehman's troubles will impact on us...naalala ko lang yung problema over CAp before...ilang bata ba ang halos hindi makapa-aral dahil nawala yung college plan nila?...
ReplyDelete