Wednesday, October 31, 2018
Tuesday, October 30, 2018
Mining 55, Kaleidoscope forum by UP MINERS, October 01, 2017
Mining 56, Presentation at Mining PH Conference 2017, October 05, 2017
Mining 57, More photos during Mining PH 2017 conference, October 16, 2017
Monday, October 29, 2018
The climate alarmism movement is getting more ridiculous. Advising people to reduce their meat intake and eat insects more, like crickets, worms, and perhaps genetically-modified 'edible' cockroaches? Agh. See these stories.
Climate Tricks 71, "Rising ocean" when reality is rising rivers, lakes, August 13, 2018
Climate Tricks 72, Calling El Nino-La Nina as weather anomalies, September 02, 2018
Climate Tricks 73, Attacking Dr. Will Happer as 'CC denier', September 10, 2018
Sunday, October 28, 2018
BWorld 252, Mining, Itogon and Lee Kuan Yew, September 25, 2018
Thank you very much friends. Please endure my often 'politically-incorrect' positions, I just have to speak up my mind and data. Thank you.
Saturday, October 20, 2018
October 3, 2018
Towing 2: Confiscating Motorcycles, September 22, 2013
Wednesday, October 17, 2018
Sunday, October 14, 2018
My 24-slides ppt is here, https://www.slideshare.net/Noysky/debriefing-dutertenomics-inflation-train-peso-depreciation-gdp-slowdown.
Then when I went to Gonzaga, Cagayan early this week, my friend and former classmate in UPSE-PDE, Dr. Vic Balatico who hosted me and also President of the CSU-Gonzaga faculty club or association, asked me to give a basic discourse on TRAIN and its implication on local transportation, tricycles, no taxi there, and agriculture.
My 21-slides ppt is here, https://www.slideshare.net/Noysky/train-talong-at-tricycle.
Saturday, October 13, 2018
These are words of defensive minds, perhaps bright in politics and local government but a 3rd-rate mind in economics.
1. "If the anti-inflation efforts will be put in place..."
The pro-inflation efforts of the administration were the various tax hikes under TRAIN law. High world oil prices, high US interest rates, Peso depreciation, only exacerbated the adverse impact of TRAIN law. To fight or reverse the inflationary pressure, the admin should reverse those oil tax hikes, or cut taxes somewhere that will mitigate the damage caused by those tax hikes.
2. "end the year with 4-4.5%."
Far out. January-September or ytd 2018 PH inflation was already 5.0%. Assuming the 4.5% full year 2018 inflation can be attained, this means that average inflation rate for October-December should be 3.0% or less. Will not happen. PH inflation consistently on the up trend since TRAIN law was implemented. Only 2.9% in December 2017, went up to 3.4% in January, 3.8% in February, 4.5% in March,... 6.4% in August, 6.7% in September. October inflation looks more like 7.0% or higher, not 3.0% or lower.
This table was shown by Densing in that fb post:
The multiple sources are funny. PSA and/or BSP can give those numbers. Anyway, many Duterte officials and supporters use the argument, "Naka-survive nga tayo sa 50%, 23% inflation rates noong 1984-85, aangal kayo sa 6.4% inflation?"
Precisely that we should not aspire or even justify the current high inflation because it is bad and anti-consumers. Besides, we have already experienced a 1.4% inflation rate in 2015 (based on CPI=2006, if CPI = 2012, inflation that year was only 0.7%), why is 4.5% or 5% justifiable?
Finally, despite the rise in world oil prices, rise in US interest rates, many Asian economies have experienced lower inflation in 2018 ytd than in 2017.
The Duterte administration is enjoying and frolicking with more money taken from the pockets of the citizens via TRAIN law, on top of existing multiple taxes. Hence, the dishonesty to admit the damage created by that law in the current high inflation problem.
(my response to it in the next post...)
I went toGonzaga to visit a good friend, Dr. Florante Vic Balatico, professor at Cagayan State Univ. (CSU) Gonzaga campus. His only child is my godson. Two nights of drinks with exotic pulutan that Vic and wife Au prepared. Blue marlin sashimi, crabs, shrimps, eel, other fishes, vegetables, awww. No chicken or pork, big change from my regular food in Manila.