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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 boom bust cycles. Show all posts
Showing posts with label boom bust cycles. Show all posts
Monday, March 11, 2024

PSEi 30 6,950: Desperate Times Calls for Desperate ICT-SM Led SY Group Pump; The Quest for Better Absolute Returns

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  The problem is not people being uneducated. The problem is that people are educated just enough to believe what they have been taught, and...
Sunday, February 18, 2024

2023 Philippine Banking Profits Up by 17.7%; BSP’s Twin Dilemma: Promoting Capital Markets by Subsidizing Universal Banks? The Real Estate Paradox

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Like the repeated doping of a horse, the boom is kept on its way and ahead of its inevitable comeuppance, by repeated doses of the stimulant...
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