Posted by johnmangun on January 4, 2015 | 0 Comment

THIS is my “I told you so” moment.

Posted by johnmangun on December 14, 2014 | 0 Comment

TAKE a look at these recent headlines: “ECB paralyzed by split as irreversible deflation trap draw”; “Central banks battling deflation at any cost”; “Global deflationary pressures are mounting.”

Posted by johnmangun on December 14, 2014 | 0 Comment

THE government held an auction for its seven-year Treasury bonds on Tuesday. This auction, which was of average size, raised P25 billion for the government’s coffers. Actually, this bond offering was not really new, since this was only a reissue, or “roll over”, of existing debt. Government borrowing is down by 40 percent for the first 10 months of 2014 over the figure posted in the same period last year.

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