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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 Ponzi finance. Show all posts
Showing posts with label Ponzi finance. Show all posts
Sunday, October 12, 2025

The BSP’s Seventh Rate Cut, the Goldilocks Delusion, and Technocracy in Crisis

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  Economic interventionism is a self-defeating policy. The individual measures that it applies do not achieve the results sought. They bring...
Sunday, June 01, 2025

Q1 2025 PSEi 30 Performance: Deepening Debt-Driven Gains Amid Slowing Economic Momentum

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  Bulls of 1929 like their 1990s counterparts had their eyes glued on improving profits and stock valuations.  Not a thought was given to th...
Monday, December 02, 2024

Is San Miguel’s Ever-Growing Debt the "Sword of Damocles" Hanging over the Philippine Economy and the PSE?

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  Every Ponzi is sold as a non-zero sum store of value. Every Ponzi investor believes the investment is a non-zero sum store of value—Nassim...
Monday, November 20, 2023

Escalating Systemic Risk: As Cash Reserves Plummeted, San Miguel’s 9M Debt Zoomed to an Astonishing Php 1.405 TRILLION!

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  In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could― Rudiger Dorn...
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