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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, January 04, 2026

Why the PSE Failed in 2025: Engineered Markets and Broken Policy Transmission

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  An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today— L aurence J. Peter   Wishi...
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...
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