Jaime Dimon visits RP branch, may increase presence in the PHL

It is more fun criticizing

JP Morgan Chairman Jamie Dimon viited the PHL recently and may increase presence in the PHL.  He had talks with PHL businessmen who included Ayala, Aboitiz, Tan Cak tiong.  

This is a good developmetn

As for the accompanying news re anti economic sabotage law, many in the Palace know who they are, and the law will restrict their movement (time to check their friends?)

Financial crisis in middle of 2023

It is more fun criticizing

Biggest bank CEO predicts banking collapse in 2023.   

1.   Fed will increase interest to 5%  (its 4.75%)

2.   Fed will stop the increase the terminal rate.    Dimon thinks that the rate will not stop inflation.

3.   People have been dipping into their $1.7 trillion  savings.   It may soon run out in middle in 2023

      When this happens, the economy crashes.  

4.   Fed again increases the rate to 7%

The malaise brought about by covid, high oil prices, Ukraine war, Taiwan vs China.  

The listed bank capital of $2.2 trillion may just be negative $100.00 billion.   

After Covid difficulties, we are confronted with higher prices (inflation)

It is more fun criticizing

YT - Impending price increases

This week, the masses are facing a new round of big time fuel prices for diesel as much as P6.30  - P6.60/per liter.  With no fare increase in sight, the jeepney drivers are complaining.

The increase of prices cover:     pan de sal, meat products, condiments, other bread products.    The price increases are caused by increase in cost of inputs:     transportation, the Ukraine Russia war, adjustment in GP.   All ready certain businessmen are getting bad vibes about business in USA like Jamie Dimon of JP Morgan, and Ellon Musk of Tesla (who called for cuts in staffing and hiring)

What are some of the solution to the fuel price increase:

1.  Appeal by drivers to those who do not pay their fare, or do not pay the right amount;

2.  Request by driver to operators to reduce boundary from P500. to P450.  (a 10% decrease)

3.  Elimination of  excise taxes.  It looks like a no go option because the govt will lose about P200 billion

     in revenues.  A huge loss

May be this is the right time to fast and be fit:

1.  Walk do not ride;

2.   Reduce food intake

3.   Look for alternatives for your present food choices