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The USD-PHP Breaks 59: BSP’s Soft Peg Unravels, Exposing Economic Fragility
Devaluing is a de facto default and the manifestation of the insolvency of a nation—Daniel Lacalle In this Issue The USD-PHP Breaks 59...
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Despite falling USD-ASEAN currencies (PHP, MYR, THB, IDR, VND & SGD), gold prices in 5 of the region’s largest members (in local curren... -
Governments resist austerity. Politicians buy votes with spending. But because they do not control their domestic currency systems in Euro...
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The total wealth of a country is the total value of goods and services it produces. When real estate prices rise much faster than this va...
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