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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 risk concentration. Show all posts
Showing posts with label risk concentration. Show all posts
Sunday, August 17, 2025

Philippine Banks: June’s Financial Losses and Liquidity Strains Expose Late-Cycle Fragility

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Debt-fueled booms all too often provide false affirmation of a government’s poli­cies, a financial institution’s ability to make outsized pr...
Sunday, July 13, 2025

The Confidence Illusion: BSP’s Property Index Statistical Playbook to Reflate Property Bubble and Conceal Financial Fragility

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  Fake numbers lead to a phony economy, with fraudulent policies, chasing a mirage—Bill Bonner   In this issue  The Confidence Illusion: BSP...
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