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There is always the question: “What does this mean for the Philippines?” That is a valid concern. However, realize that nobody cares about the Philippines, but we already knew that. Also, everything must be taken in context.
Dollar To Php Peso 2018 , which is much more interesting.
Understand that the Fed is one of the most politically motivated institutions on planet Earth. Not in the sense that it works to protect any US president, administration or political party. The Fed does whatever is necessary—in the best tradition of every politician—to protect its interests and power.
Being on the Fed Board of Governors or head of one of the Federal Reserve Banks is the “Lifetime Achievement Award” for every banker/economist. This is where the real money is made because, after your term ends, the speaking engagements begin. Former Fed Chairman Ben Bernanke will gladly talk to your business group—or even at your daughter’s debut—for a mere $200k/$400k plus expenses. Former Chairman Janet L. Yellen is hot right now, so if you have to ask how much she charges, you cannot afford her.
The Fed said earlier this year that, the various members of the Fed are out playing good cop/bad cop with one telegraphing there may be no more rate hikes and another with “we will raise rates.” All possibilities must be covered. Dollar To Php Peso 2018 , there will be two more interest-rate hikes this year. But the Fed—like a good politician—only takes credit for its policy successes and never the blame for failure. Therefore, the various members of the Fed are out playing good cop/bad cop with one telegraphing there may be no more rate hikes and another with “we will raise rates.” All possibilities must be covered.
For the Philippines, whatever scenario plays out, For the Philippines Dollar To Php Peso 2018 , any failures will be “the Fed’s fault.”
The Philippine economy, the stock market and the current price of my Don Papa rum is dependent on a dozen other more significant factors than where interest rates go in the United States.
The Philippine peso has depreciated against the US dollar by about 7 percent in 2018. The local “bright boys” that print “Economist” on their business cards are wailing that even with a weaker peso, our merchandise exports have not increased. They once learned in college that a weaker currency should increase exports. But for a country like the Philippines and a currency like the peso, it does not work that way.
Two research papers—in 2015 on Nigeria and in 2016 on India—found that in the age of globalization, changes in the exchange rate did affect a nation’s imports but not its exports. A depreciated currency lowered the amount of nonessential imports but did nothing to increase exports. Unless the currency was depreciated artificially—as China has done—the amount of exports did not go higher. However, a depreciated peso does have a significant negative impact by increasing local prices.
As ordinary people, we can do nothing about interest rates or the peso. We can buy locally made goods with a low import component. We can limit buying nonessential
We can pray the government will someday focus on increasing agricultural production. In the meantime, we can hope maybe Pacquiao will finally fight an opponent good enough that we can make some real money betting on him.
Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis tools provided by the COL Financial Group Inc.
PHL communist insurgency, ‘the most brutal in the world’
Visit my website at www.mangunonmarkets.com. Follow me on Twitter at @mangunonmarkets. PSE stock-market information and technical analysis tools provided by the COL Financial Group Inc.
PHL communist insurgency, PHL communist insurgency Dollar To Php Peso 2018
Ambassador Howard Dee:Ramon Magsaysay Awardee for 2018
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