prudent investor newsletters

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

Sunday, December 01, 2024

Debt-Financed Stimulus Forever? The Philippine Government’s Relentless Pursuit of "Upper Middle-Income" Status

Deficits are always a spending problem, because receipts are, by nature, cyclical and volatile, while spending becomes untouchable and inc...

Monday, November 25, 2024

US Dollar-Philippine Peso Retests Its All-Time High of 59, the BSP’s "Maginot Line": It’s Not About the Strong Dollar

interventionism destroys the purchasing power of the local currency by breaking all the rules of prudent monetary policy and financing an...

Sunday, November 24, 2024

PSEi 30's Weak 9-Month and Q3 Performance Highlights GDP Decline: Symptoms of Crowding-Out and Financial Repression

Inflation was created by the wrong monetary policy, and incorrect central bank measures may have lasting negative impacts on the economy. ...

Sunday, November 17, 2024

PSE Craters as Financials’ Share of the PSEi 30 Hits All-Time Highs; A Growing Mismatch Between Financial Index Performance and Bank Fundamentals

History will not be kind to central bankers fixated on financial economy and who created serial speculative booms to sustain the illusio...

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