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u/charles_crushtoost

r/georgism r/Philippinesbad r/legendofkorra r/phinvest r/mmt_economics
▲ 28 r/Philippinesbad

Philippines hits lowest poverty rate in recorded history

>Families in the first and second income deciles, those closest to the poverty line, saw even sharper gains, with mean annual per capita income for these groups rising 23.8 percent and 22.7 percent respectively, both well above the 5.5 percent rise in the poverty threshold.

>Balisacan said targeted assistance and government programs including the Pantawid Pamilyang Pilipino Program, Social Pension Program, KADIWA, Walang Gutom Program, Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers and the Department of Labor and Employment’s Integrated Livelihood and Emergency Employment Program have helped narrow income gaps over the years, making poverty reduction more responsive to economic growth.

Any objective measurement of poverty, in any country in any point in time and under any context, will entail arbitrary assumptions and thresholds. We can debate and wring our hands, but at the end of the day we need some number. No, of course 14,000 pesos a month is not sufficient for a family of five to have a decent standard of living. But 13,000 pesos a month is even less sufficient to achieve this, and 12,000 pesos a month is less sufficient than that.

Increasing the number of Filipino families who earn over 14,000 pesos a month can be nothing other than cause for celebration. Full stop.

Can we have achieved it sooner and faster, and using better methods? Yes. Are there still far too many Filipinos trapped in poverty? Absolutely yes.

Does this mean all current policies are good, and it is enough to just maintain them? No. But to say that everything is failing and broken, and to completely dismiss news like this just to support your sad worldview, is to say you do not actually care if Filipinos escape poverty, by any metric.

You do not care if they earn more than 14,000 because it is not 15,000, and you will not care if they earn more than 15,000 because it is not 16,000. You will not care if they earn more than 50,000 because it is not 60,000. You refuse to celebrate when the material conditions of Filipinos improve, because you do not actually care about improving their material conditions. All you care about is moving the goalposts para lang komportable ka about being a doomer. Selfish, as always.

It is good to not be satisfied, to always demand better and more. But holy fuck, celebrate naman once in a while. Doomers want nothing more than to try and throw the baby out with the bathwater, and still wonder why the Dutertes who promise to do exactly that are winning.

manilastandard.net
u/charles_crushtoost — 12 hours ago
▲ 12 r/mmt_economics

Thoughts on Blanchard's r>g?

Seems to only be applicable to countries without sufficient currency sovereignty (Euro, developing countries with large trade deficits who need forex and foreign debt (USD) to finance those deficits, etc). Central banks of countries with sufficient currency sovereignty (Japan, US) have much more control over keeping interest rates low.

youtu.be
u/charles_crushtoost — 7 days ago
▲ 6 r/mmt_economics

Question: how come banks' reserves are used to buy bonds only on the primary market, and not the secondary market? When yields spike in the secondary market, why does this not lead to undersubscription in the primary market?

Part on primary and secondary bond markets at 12:08

youtu.be
u/charles_crushtoost — 1 month ago
▲ 18 r/mmt_economics

"...I've been carrying around this sign saying the end of the world is coming 'here comes the debt crisis' for 25 years, and been wrong every time."

Lmao. Specific part is at 6:31

youtu.be
u/charles_crushtoost — 1 month ago
▲ 24 r/Philippinesbad

Francebad?

Selfish at walang disiplina, kaya hindi sila umaasenso (1% GDP growth rate!!!!). Also lack of long-term planning and preparedness. Parang ingrained genetic / cultural flaw nila. They are incapable of doing that. Dapat talaga may magcolonize na sa France and other European countries para macivilize sila.

This is a joke btw. It’s sad na if Filipinos were in this video instead, doomers would genuinely comment stuff like this

youtu.be
u/charles_crushtoost — 2 months ago
▲ 20 r/phinvest

Hello! First time posting on here :) I've been personally interested in economics and investing for a while now but never took any formal classes or courses--mostly just reading business news and economics lectures on YouTube. I am about as far from an expert as you can be, and all I really hope to do right now is to make a lot of mistakes and learn, because honestly, fascinating lang talaga para sa akin yung mga topics na ito.

I made this business-cycle infographic / mental framework for myself (first pic) based on the Merrill Lynch Investment Clock (succeeding pics) to clarify some macroeconomic ideas and concepts na medyo confusing pa rin para sa akin. I am not yet well versed in the mathematical details of financial analysis, and cannot provide exact forecasts of growth, yields, interest rates, dividends, cpi inflation, etc, but I hope to get there eventually. Right now, I am more focused in learning foundational concepts and general causes-and-effects in the local economy and financial sector. I would appreciate any constructive or educational feedback! Kailangan talaga ng bansa natin ng mas malawak na diskusyon at partisipasyon sa economics and investing.

Basically, these are the premises on which the arguments and analyses of the infographic are built. Please tell me wherever an assertion or line of reasoning is wrong, so we can all hopefully learn!

  • typically, the economy can be in four different states (with no clear boundaries) with regard to inflation and interest rates (set by the BSP): low inflation with low interest rates (most ideal), high inflation with low interest rates, high inflation with high interest rates (least ideal), and low inflation with high interest rates.
    • When inflation or interest rates increase or decrease, the economy travels between these "quadrants".
    • The attractiveness / unattractiveness of equities (and the kinds of equities) and bonds (and tenor of bonds, whether from government or large, creditworthy corporations) depends on which quadrant the economy currently is, as well as where it is headed. i.e:
  • if interest rates are expected to go higher, move away from equities and into short-term debt / money markets. Conversely, if interest rates are expected to go lower, move away from money markets and into equities and long-term debt. 
    • Go into financial equities when you expect interest rates to go up, go into property equities when you expect interest rates to go down.
  • if general consumption is expected to weaken due to high inflation and interest rates, move into equities with more pricing power (infrastructure, utilities, natural monopolies with more inelastic demand). If general consumption is expected to strengthen, move into equities more exposed to this increased consumption (retailers i.e. SM)
  • Broadly, macropudentialism is entrenched in PH government policy circles
    • Historically, there is a strong bias toward fiscal and monetary austerity (coveted “A” credit rating, single mandate of BSP vs dual mandate of Fed; Claudio, 2025). This is supported by data showing that inflation in the PH is mainly caused by local and international supply shocks (food 2018, fuel 2026, supply chains 2021, Fed policy rates) (IMF, 2024; Punongbayan, 2025), and only slightly from loose fiscal or monetary policy
    • Climate change (typhoons, El Nino), geopolitical fractures, and a chronic lack of investment in local supply resilience mean supply shocks will be more frequent
    • Implication: Supply-shocks, and their ensuing episodes of high inflation will be more commonplace. And even though inflation is supply-driven, the BSP will often fold to pressure to tighten policy quickly and significantly, as well as loosen policy slowly. Therefore, an environment of high inflation and high interest-rates will be the norm going forward (3rd quadrant).

These are the premises that led to the arguments and analyses in the infographic. My main question right now is on the types of equities (say, broadly defined by PSEi indices: holdings, property, industrials, oil & mining, financials, and services), and the environments in which a given type of equity is more or less attractive.

Thanks in advance for the education!

u/charles_crushtoost — 4 months ago
▲ 16 r/mmt_economics

Quote around the 1:01:30 mark

Always found it strange that, if inflation is "too much money spent chasing too few goods," Neoliberals/Monetarists (who hyperfocus on the "too much money" part and prescribe deregulation, privatization, tax-cuts, and monetary/fiscal austerity as a roundabout way to indirectly incentivize private investment/production and have growth with low and stable inflation) are regarded as "supply-side economists," when Keynesians in the 1940s (New Deal, WW2) and Post-Keynesians/MMTers today who directly focus on the "too few goods" part—increasing actual real resources through targeted and direct government investment (i.e. Inflation Reduction Act, CHIPS and Science act) as a means to grow the economy while keeping inflation in check—are clearly more deserving of being called "supply-side economists."

It sucks that "supply-side" has become a pejorative after being co-opted by neoliberals and their failed policies.

u/charles_crushtoost — 4 months ago