The Market Monitor Minding the Nation's Business
New York City—It is something else to watch CNN International or Fox News in the comfort of a Filipino home across the vast Pacific, protected on our eastern flank by a great ocean, and on our western shores by several seas and continents, creating a physical barrier that allows our myopic infatuation with local politics to insulate us from world …
Points of View & Perspectives
July, 2016
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3 July
The taste of millions or even billions
Like me, most people perceive billionaires as simply waving a hand for their whims to materialize; whatever they do hardly figures in thought. And because the senses, especially of sight, translate wealth by sheer magnitude or sheen, it finds equivalents in everyday things.
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3 July
Will Duterte admin stand up to Manny Pangilinan?
Is businessman Manuel V. Pangilinan gearing up for a head-on collision with the newly installed administration of President Rody Duterte?
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3 July
Elitist politics and economics—the real Aquino legacy
Toward the end of its six years in office, the Aquino administration boasted of its “legacy of inclusive growth.” Indeed, for its neoliberal thrusts, the previous administration may have achieved certain economic outcomes.
June, 2016
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26 June
Flatulence and the inflated market
New York City—The Dow (Dow Jones Industrial Average) continues to fall. But it is far from that critical 14,000 level where it starts to affect the Philippine bourse. Far from it.
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26 June
Finally naming the flower
We pooled around the receptionist’s desk, fanning our distress and stirring each other’s sorrow over the impending loss of a bush. Higher-ups had decided that its lushness—leaves so tight together no breath could penetrate, flowers so open a woman easily sees in it her own bareness—started to harm instead of lend some joy.
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26 June
Aquino’s legacy of embarrassments
Exiting President Noynoy Aquino introduced the world to his presidency with an early major international embarrassment. This was the hostage-taking incident at the Luneta where several tourists from Hong Kong were either killed or wounded.
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26 June
Brexit to have little impact on the Philippine market
Local traders shrugged off the United Kingdom’s vote to exit the European Union (EU), saying it would not have any significant impact on the country as long as the vote doesn’t affect the United States.
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19 June
The anti-arbitrage auction
Arbitrage happens when rates of return in an economy conflict with one another across sectors and markets. While not necessarily a bad thing, it feeds on itself and is self-perpetuating. It thrives on divergence and disparities. It is nourished by volatility. When there is volatility, investors tend to fly from market to market, cherry-picking and taking their investments where yields …
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19 June
Not only you once were, but ever will be
True or not, a YouTube/Kusala (source) post that I stumbled upon on Yahoo! News resonated with a crowd of voices and flash of images in me; it’s about a voicemail that a grandmother left in her granddaughter’s phone regarding a “box of donuts she found.”