Comments on: Losing money for nothing

By: Jayred

Jayred — Mon, 07 Jul 2008 19:54:49 +0000

This may sound unrelated (and therefore stupid), but I feel like I’ve been suffering from intense “inflation” ever since I moved to expensive Switzerland (LOL). My pesos don’t go a long way here. But of course this is another story.

*****

My sister has been complaining about the rise in consumer prices in Pinas. She has been telling me to think thrice before deciding to settle down in RP for good.

By: Toe

Toe — Mon, 07 Jul 2008 08:10:36 +0000

We are in the same boat! We’ve also been losing so much money these past few years and more so these past few months because of both inflation and the appreciation of the peso. Imagine when I left the Philippines in 2002, the dollar was P54 and now it’s only P44-45. And then, I lose my allowances pa when I go to the Philippines. We have to find a place where we can put our money which has interest higher than the inflation rate… but don’t know where. So for now, we just have to tighten our belts. Haaay!

By: myepinoy

myepinoy — Thu, 03 Jul 2008 07:31:32 +0000

bw,

You are absolutely right.

George Soros said in one of his interviews, “because markets are imperfect but so are regulators. And what’s worse, they’re also bureaucratic, so they are slow in responding and very bureaucratic in their response. I’m for better regulation and that is not necessarily tight regulation.”

By: myepinoy

myepinoy — Thu, 03 Jul 2008 07:13:27 +0000

romelettedj, ha ha ha. tma ka, masakit talaga sa loob.

By: bw

bw — Wed, 02 Jul 2008 17:03:23 +0000

Inflationary pressures must be treated with urgency and countries that check inflation promptly, i.e. lowering intesest rate if inflation rises – are assured of a more stable economic growth.

Inflation is always going to be a round. It is like a bull in a china shop which you make all effort to keep it in check. YOu must keep the bull asleep otherwise it will wreck havoc to your shop

By: romelettedj

romelettedj — Wed, 02 Jul 2008 15:13:47 +0000

you know this has been on my mind for the past few weeks. although, iniwasan kong magcompute kasi masakit sa loob. lol.

pero one thing is evident, nde maramdamam ung “peso appreciation”. tama sabi mo it’s fake. oh well.

By: myepinoy

myepinoy — Tue, 01 Jul 2008 08:01:07 +0000

sexymom, Thanks. I guess there is no need for me to delete your earlier comment. Just a bit of information from Inquirer today, July 1, Central bank sees June double-digit inflation.

Inflation rate likely hit a 14-year high in June on surging food and fuel prices as well as the weakening peso value against the dollar, the central bank, Bangko Sentral ng Pilipinas (BSP), said Monday. The BSP estimated the rise in consumer prices in June at 10.4-11.2 percent from a year earlier. The high end of the range would be the fastest pace since May 1994, when inflation was recorded at 11.5 percent. Ahead of the central bank’s release of its latest inflation forecast, the peso fell to a new eight-month low of 44.93 to the dollar before closing at 44.90, down 0.11 from Friday’s close.

By: Sexy Mom

Sexy Mom — Mon, 30 Jun 2008 21:25:39 +0000

that will make you feel better now, myepinoy, from 20%, down to 10% effective inflation rate. LOL now you can delete my comments.

By: myepinoy

myepinoy — Mon, 30 Jun 2008 21:01:02 +0000

sexymom,

That’s a good question. I just added the two so that it is easier to compute. lol

and yes you have a point and the effective inflation rate is 10 percent only.

Thank you for the input. I already corrected my computation.

By: Sexy Mom

Sexy Mom — Mon, 30 Jun 2008 17:35:02 +0000

now you confuse me with your math, though you are in a better position to do those calculations. i wonder why you are adding the 2 inflation rates, when i thought you should just be averaging them. because the inflation on the arab market will be only on your local spendings there, while the inflation on the phil market will be dealt with on the spendings in the philippines.

basta what i know is that every time i go to the supermarket, the goods i bring home become lesser in quantity each visit, and that each time we gas up, there are less liters of gas for the same amount of money. and each full tank is more expensive by a hundred/s each time. even the kids are conscious now about all these things.

how to beat inflation? tell me…