earthdome Posted October 31, 2012 Posted October 31, 2012 Moody's this week upgraded the Philippines' credit up a notch to just shy of investment grade, and the general rise in the international rating of the Philippines since President Benigno Aquino III took office in 2010 is well-deserved. Recent news, including the signing of a peace pact with the Moro Islamic Liberation Front and an upward trend in growth, has encouraged positive sentiment. Investors are rushing in. Rest of the story at: http://online.wsj.com/article/SB10001424052970204840504578087352833493678.html 1 Link to comment Share on other sites More sharing options...
Dr. Cockroach Posted October 31, 2012 Posted October 31, 2012 Earthdome, A tourist visa it is! Link to comment Share on other sites More sharing options...
Dave Hounddriver Posted October 31, 2012 Posted October 31, 2012 Investors are rushing in Fools rush in where angels fear to tread. When I see investors taking profits out of the country I will get interested. Link to comment Share on other sites More sharing options...
Mike S Posted October 31, 2012 Posted October 31, 2012 All part of the master plan ... like LOANING MONEY to the euro nations so everyone can see how the Philippines is not really a 3rd world country ..... and then the peso climbs in value while the dollar falls and once again the OFW's support the Phils with their hard earned contributions to their families .... while all this may be fine and dandy what happens next election when Noy-Noy steps down .... who will continue his fight against corruption and keep trying to turn the Philippines around ..... by then the coffers will be well on their way to being full and all it will take is one corrupt politician to kick it right back into the 14th century ..... this seems to be a way of life here .... like a seesaw ..... up and down ... up and down ..... I guess time will tell .... IMHO .... :cheersty: 1 Link to comment Share on other sites More sharing options...
samatm Posted October 31, 2012 Posted October 31, 2012 All this economic good news for the PI is killing me at the Forex counter. I think the Peso is about to breach the 39.99 threshold . What happens when it gets to 35.00, 25.00 . You would see a lot of us exiting these water for cheaper more tumultuous destinations. 1 Link to comment Share on other sites More sharing options...
Dr. Cockroach Posted October 31, 2012 Posted October 31, 2012 (edited) SamATM, Philippine peso expected to depreciate to 45 to a dollar by yearend http://business.inqu...llar-by-yearend Do you really think that a single man who has 4 years left on his presidency can reverse a whole culture with so many who are profiting from it as is? What's going to happen to cheap labor? Do you think the 'Democratic' world is going to allow it? Edited October 31, 2012 by Dr. Cockroach Link to comment Share on other sites More sharing options...
OnMyWay Posted October 31, 2012 Posted October 31, 2012 SamATM, Philippine peso expected to depreciate to 45 to a dollar by yearend http://business.inqu...llar-by-yearend Do you really think that a single man who has 4 years left on his presidency can reverse a whole culture with so many who are profiting from it as is? What's going to happen to cheap labor? Do you think the 'Democratic' world is going to allow it? That article is from June 25th so anyone who made that bet has lost a lot of money! 2 months left in the year and we are looking at 41, not 45. 2 Link to comment Share on other sites More sharing options...
Dr. Cockroach Posted October 31, 2012 Posted October 31, 2012 OnMyWay, 41 is still over 40? Besides, I would never touch FOREX unless I am willing to lose! You can't predict it. I would just keep enough cash to live off for 5 years in pesos and dollars and leave the rest in dividends growth income stocks? Nothing is wrong with getting some sweet dividends while your principle grows? Does it matter to me not being a multi millionaire when I am retired? Nope! Link to comment Share on other sites More sharing options...
Call me bubba Posted November 1, 2012 Posted November 1, 2012 You would see a lot of us exiting these water for cheaper more tumultuous destinations. any suggestions of what or where these places are? Link to comment Share on other sites More sharing options...
OnMyWay Posted November 1, 2012 Posted November 1, 2012 OnMyWay, 41 is still over 40? Besides, I would never touch FOREX unless I am willing to lose! You can't predict it. I would just keep enough cash to live off for 5 years in pesos and dollars and leave the rest in dividends growth income stocks? Nothing is wrong with getting some sweet dividends while your principle grows? Does it matter to me not being a multi millionaire when I am retired? Nope! I sure hope it stops at 41 and turns around. The U.S. election might make it change direction but who knows? I played the currency market years ago, for a short time, but you need to have the right temperament and some gambling money! 1 Link to comment Share on other sites More sharing options...
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