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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label Credit rating. Show all posts
Showing posts with label Credit rating. Show all posts
Wednesday, May 01, 2019

Shocking Paradox: As S&P Upgrades Philippine Credit Rating, Consumer Loans Crash (-6%), Money Supply Growth Falls to 2008 Levels!

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…we suggest that as a rule a recession emerges in response to a decline in the growth rate of money supply. Usually this takes place i...
Sunday, December 17, 2017

Politics Versus Markets: Aided by Fitch, The BSP Fights Off Surging ROP Bond Yields!

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While the Fed raised rates, the  BSP kept interest rates  at historic lows. Furthermore, credit rating agency  Fitch upgraded  the nation’s...
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