Tag: currency

Does a weakening peso mirror weakening economic fundamentals?

November 3, 2022 The Unpopular Opinion 10 Comments

A number of weeks ago, Filipino netizens reacted explosively towards Ilocos Norte Representative Sandro Marcos’s comments regarding the weakening Philippine Peso (PHP) against the US Dollar (USD). Quoting the neophyte congressman, “The peso is weak, not because that it is weak, but because the dollar is strong.”. These words became meme fodder for Filipino netizens,…

Business, Economy, Government, Money Talks, Politics

Blame on Duterte government for Ph peso depreciation UNFOUNDED

September 23, 2018 benign0 10 Comments

Many “activists” allied with the Yellowtard-led Philippine Opposition have been screeching about the slide of the Philippine peso against the US dollar — hinting that this is indicative of mismanagement of the economy by the government of Philippine President Rodrigo Duterte. The fact is, it is not entirely true that the peso is depreciating against…

Economy, Money Talks

The Folly of Capitalism and Money-System Bashers

March 8, 2014March 8, 2014 Hector Gamboa 35 Comments

I do not pretend to be an economist nor do I pretend to be a financial guru. In fact, I am quick to admit that I’m not really the most business or financial savvy guy. What I do appreciate however, is common sense and critical thinking. Last week’s news about Mt. Gox going belly up…

Economy, Society