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BLOOMBERG: Philippine Peso Sinks as Duterte Likened to Trump Leads Election Race

sargosargo got balls ✭✭✭
as early as now investors and business are already reacting negatively to Rody Duterte who is leading in the polls.

this is one of those:

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Philippine Peso Sinks as Mayor Likened to Trump Leads Election Race

A controversial city mayor’s tightening grip on the Philippine presidential race has made the nation’s currency Asia’s worst performer this month.
The peso slumped 1.6 percent in April as opinion polls showed Rodrigo Duterte, the crime-busting leader of Davao city -- who made inflammatory comments about rape and extra-judicial killing -- extended his lead before the May 9 vote. He spent 22 years running the city of 1.5 million people and trailed his two closest rivals in a Bloomberg survey of economists on which candidate would best steer economic policy.

--

‘Rather Unflattering’

“Duterte represents uncertainty,” said Edwin Gutierrez, who helps oversee about $11 billion as head of emerging-market sovereign debt at Aberdeen Asset Management Plc in London. “He’s a bit of a one-trick pony with his law and order message. I don’t think he’d do anything to upset the apple cart with economic policy, but I don’t see economic reform as being his priority. The comparisons to Trump are obviously rather unflattering whether justified or not!”

http://www.bloomberg.com/news/articles/2016-04-27/philippine-vote-doubts-sink-peso-as-mayor-likened-to-trump-leads
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Comments

  • elBartoloelBartolo Member ✭✭✭
    PR Spin. Bwahaha. panic attack. Surrender na ba?

    Experts: Economy will do well whoever wins in May polls
  • mimigsmimigs Member ✭✭
    Sargo will make the economy better, happy? :rotflmao:
  • elBartoloelBartolo Member ✭✭✭
    Tony Herbosa
    Chairman of Philstocks and founder of Traders Apprentice Pilipinas (TAP)
    Have advised or packaged more than $2.5 Billion of corporate finance transactions in the Philippines involving various sectors via debt and equity underwritings, debt syndications and M&A.

    Served as Lead Domestic Partner to National Home Mortgage Finance Corp's (NHMFC) resolution of its US$1.0 Billion of non-performing mortgage receivables and eventual sale to Deutsche Bank, a transaction that was tagged by Newsbreak magazine as the "largest corporate finance transaction" in the Philippines in 2006.
    Only "kulelat" analysts who do not know anything about economics would single out a Duterte Presidency as naturally bad for the economy.


    Siguro naman mas magaling yan kesa sa isang bayarang SARGO :rotflmao:

    Tunay na may MBA sa WHARTON.
  • sargosargo got balls ✭✭✭
    the financial markets are already reacting to Rody Duterte - they are calling it "uncertainty" and they are starting to run for cover by selling.

    307mheb.png

    -from the same article.
  • mimigsmimigs Member ✭✭
    sargo wrote: »
    the financial markets are already reacting to Rody Duterte - they are calling it "uncertainty" and they are starting to run for cover by selling.

    http://i65.tinypic.com/307mheb.png

    -from the same article.

    time to pack up sargo, the yellow ship is sinking :rotflmao:
  • sargosargo got balls ✭✭✭
    everyone will be affected by the downtrend of the PHL economy.

    that's in case you didnt know.
  • nikkilovenikkilove Member ✭✭✭
    no propaganda can derail Dutertes upcoming victory to the presidential race.

    hell win, with just a few weeks from the elections, he already pulled away from the pack from the most recent survey.

    all we should think about now is how to put pressure on him, to improve on his skills and prowess in handling the economy and diplomatic relations with other countries.

    thats it for the presidency, we're have the first Bedan and Davaoeno President.
  • sargosargo got balls ✭✭✭
    [#]“His comments were a curve ball to the market,” said Joey Cuyegkeng, economist at ING Groep NV in Manila. “It more or less shakes the confidence of investors that gains in reforms are irreversible. We estimate something like 70 to 80 percent of the peso’s weakness is attributable to the local developments.”

    The cost of protecting Philippine sovereign debt against non-payment for five years has risen eight basis points since April 19 to 104, according to data provider CMA. The credit-default swap contracts were at 93 on March 18, the least since July 2015. A three-month gauge of expected swings in the peso climbed 54 basis points in April to 5.70 percent, data compiled by Bloomberg show.

    “Duterte’s governance philosophy doesn’t seem to have much focus on economic policy, and his lack of national experience is a drawback,” said Mixo Das, a strategist at Nomura Holdings Inc. in Singapore. “We are overweight on the Philippines but we’ll re-evaluate our position if Détente’s win looks more certain.”[/#]


    ----

    confidence is being shaken by the non-exsistet economic policies of Rody Duterte
  • sargosargo got balls ✭✭✭
    nikkilove wrote: »
    no propaganda can derail Dutertes upcoming victory to the presidential race.

    hell win, with just a few weeks from the elections, he already pulled away from the pack from the most recent survey.

    all we should think about now is how to put pressure on him, to improve on his skills and prowess in handling the economy and diplomatic relations with other countries.

    thats it for the presidency, we're have the first Bedan and Davaoeno President.

    what propaganda? these are facts. they are actual developments in the markets and POVs of those in the markets.

    the Philippine peso is the worst performing currency in Asia during April - that's a fact.
  • LynxXxLynxXx Chimichangas PExer
    sargo wrote: »
    [#]“His comments were a curve ball to the market,” said Joey Cuyegkeng, economist at ING Groep NV in Manila. “It more or less shakes the confidence of investors that gains in reforms are irreversible. We estimate something like 70 to 80 percent of the peso’s weakness is attributable to the local developments.”

    The cost of protecting Philippine sovereign debt against non-payment for five years has risen eight basis points since April 19 to 104, according to data provider CMA. The credit-default swap contracts were at 93 on March 18, the least since July 2015. A three-month gauge of expected swings in the peso climbed 54 basis points in April to 5.70 percent, data compiled by Bloomberg show.

    “Duterte’s governance philosophy doesn’t seem to have much focus on economic policy, and his lack of national experience is a drawback,” said Mixo Das, a strategist at Nomura Holdings Inc. in Singapore. “We are overweight on the Philippines but we’ll re-evaluate our position if Détente’s win looks more certain.”[/#]


    ----

    confidence is being shaken by the non-exsistet economic policies of Rody Duterte

    Your economy will sink because after this elections, you will be fired by LP. :glee:
  • sargosargo got balls ✭✭✭
    [#]StupidifiedPost[/#] at #11

    just like Duterte? lol
  • sargosargo got balls ✭✭✭
  • nikkilovenikkilove Member ✭✭✭
    Mar woudl have been the likely choice, he and Mirriam are the most competent if ever theyd win.

    unfortunately, The typical Filipino masa mind doesnt work that way.

    Noy had the backing of his parents' legacy. even if their haters domt admit it, Ninoys assasination and Cory's people power revolution had some appeal to the masa,

    and that catapulted Noynoy to tne presidency. he is more relatable.

    Mar is just not.

    Duterte is.
  • cretinous00cretinous00 The sea! The sea! PExer
    how did grace poe get to score so high?
  • iamlen1iamlen1 Member ✭✭✭
    sargo wrote: »
    everyone will be affected by the downtrend of the PHL economy.

    that's in case you didnt know.

    lol. hindi pa ba?
    6 years of daang matuweed
  • kel1guykel1guy Member PExer
    If Duterte wins it will be because FOOLS elected him.

    The man wanted in the US for 1500 extrajudicial killings
    The man that cursed the Pope
    The man that wished he had been the first man to take his turn raping an AU Missionary before she died.
    The man that did not declare 211 million pesos on his 2014/5 SALN
    The man that is on you tube videos with the NPA.
    The man that makes fun of persons with disabilities

    The country does not need this man. Idiots want this man to be President! From the Duterte rally crowd sizes the country is loaded with idiots that cannot logically think for themselves and vote accordingly.
  • kel1guykel1guy Member PExer
    how did grace poe get to score so high?

    Former US citizen of less than 10 years Philippine residency privilege.....
  • xanax2012xanax2012 Member PExer
    kel1guy wrote: »
    If Duterte wins it will be because FOOLS elected him.

    The man wanted in the US for 1500 extrajudicial killings
    The man that cursed the Pope
    The man that wished he had been the first man to take his turn raping an AU Missionary before she died.
    The man that did not declare 211 million pesos on his 2014/5 SALN
    The man that is on you tube videos with the NPA.
    The man that makes fun of persons with disabilities

    The country does not need this man. Idiots want this man to be President! From the Duterte rally crowd sizes the country is loaded with idiots that cannot logically think for themselves and vote accordingly.

    Can't go into a hissy fit without uttering the words 'fools' and 'idiots'?
  • sargosargo got balls ✭✭✭
    xmua8m.png

    Duterte presidency will hurt the PHL economy.
  • sargosargo got balls ✭✭✭
    Parang lata na walang laman si Duterte

    Inihalintulad ng Libe*ral Party (LP) si Davao City Mayor Rodrido Duterte sa isang lata dahil sa pagiging maingay nito subalit wala namang laman.

    Dahil dito, hindi napabilib ni Duterte ang mga negosyante sa bansa nang humarap ito sa mga kasapi ng Makati Business Club (MBC) nitong Miyerkules.

    “Empty cans make a lot of noise. Pinatuna*yan ito ni Mayor Duterte sa kanyang pagharap sa Makati Business Club. Ito ang pinakahuling insidente kung saan nakita na naman ng lahat na walang alam at walang pakialam sa ekonomiya si Mayor,” ayon kay LP spokes*person Rep. Barry Gutierrez.

    Sinabi ni Gutierrez na imbes na magpa-impress si Duterte sa mga negosyante, kayabangan at mga kalokohan sa buhay ang iprinisinta nito. “Ang ibinigay ni Mayor, insulto sa mga babae, kwentong barbero tungkol sa katapangan niya, at mga kalokohang balak niyang gawin kung sakaling manalo siya,” patutsada ng tagapagsalita ng LP.

    [#]Malulumpo ang ekonomiya!

    Malulumpo ang ekonomiya ng bansa kapag si Duterte ang nanalo.

    Ito umano ang gina*gawang pananakot sa mga negosyante ng mga nagpupumilit at hindi maawat sa kapupursige na pabagsakin ang kandidatura ng tigasing presidential aspirant mula sa ilang analyst.

    Sa isang panayam kahapon ay sinabi ni Atty. Peter Laviña, spokes*person ni Duterte na bahagi na naman ito ng dirty tactics o black propaganda laban sa kanilang pambato.[/#]


    http://www.abante.com.ph/news/nat/46193/parang-lata-na-walang-laman-si-duterte.htmlhttp:
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