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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 Philippine bailout. Show all posts
Showing posts with label Philippine bailout. Show all posts
Sunday, March 01, 2026

Liquidity at the Top: The PSEi 30’s Two-Months Rally Meets Structural Fragility Amid Middle East War Risks

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  Bubbles are mechanisms of wealth redistribution and destruction – with detrimental consequences for social and geopolitical stability. Boo...
Sunday, February 15, 2026

Liquidity Without Output II: The Philippine Banking System Under Late-Cycle Containment

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  If you depreciate the money, it makes everything look like it’s going up – Ray Dalio   In this issue:  Liquidity Without Output II: Th...
Sunday, February 08, 2026

Liquidity Without Output: The Balance-Sheet Recession Behind the Philippines’ Q4 and 2025 GDP Slowdown

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      People don’t realize how hard it is to speak the truth to a world full of people who don’t realize they’re living a lie– Edward Snowde...
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