Business & Economics Perspective Blogger

BBC News It's September and some people are already starting what I call a premature Christmas countdown. The thought of having an extended Christmas season used to thrill me as a child. For those who celebrate Christmas, we just need to admit that we're more often than not, looking forward to what we can receive, to the Christmas party (and my goodness, many of them are full of calorie-dense meals), and then we can all look forward to angry creditors running after debtors in January (read here )! In my case, September gives me the chills for reasons. One can think of September 11, 2001, which happened when I was in high school  under the K+10 curriculum. The other would be remembering that on September 21, 1972, when martial law was declared, some of my folks, out of the blue . I wasn't born yet, but the narrative against Ferdinand E. Marcos Sr. focused on human rights violations. It's crazy how people can afford to badmouth the Marcoses. One must ask, "Where did ...

Back in 2022, I wrote about why it's deadly to believe someone is rich based on their lifestyle . During my childhood to teenage years, I used to think someone was wealthier because of reasons like: Their parents spoil them with generous allowances.  They're driving a luxury car everywhere they go. They have expensive parties every year.  They have a lot of luxury brands. The children have so many toys.  The list can go on and on , and I believe I might type too many words from there. I grew up with people bragging about  how rich they are, even if the claims are preposterous. It's common among children to brag about what they don't have . Unfortunately, some never outgrow that dangerous habit and grow up with a fake rich lifestyle. This is the lifestyle where one wants others to think they're rich, even if they're not rich. The rule of fake rich reverses the advice above. Instead, the fake rich lifestyle says, "Buy a USD 500.00 bag never mind you have noth...

Bombo Radyo Cebu  It doesn't take a doctorate in economics at (insert prestigious university) to understand that Makabayan Bloc is a bad joke . For example,  Kabataan Partylist  has a real lack of knowledge of economics. That's why I wrote that Kabataan Partylist will need to learn economics from the Ho Chi Minh Communist Youth Union . Just thinking about what Makabayan bloc wants irritates me to no end. Come on, Atty. Renee M. Co is a lawyer,  and Raoul Daniel A. Manuel is a mathematics major. Raoul is a mathematics major but how could he promote the idea of increasing salaries while reducing prices at the same time?  This is a proposal made by Kabataan Partylist some time ago. I could just imagine what the Ho Chi Minh Communist Youth Union, aka the Vietnam Youth Union, would have to say about that. If Makabayan bloc members understood basic accounting and economics, they wouldn't be saying such stupid stuff (read here ). It's because a wage increase is only be...

Financially Fat I was partly inspired by Odette to write this blog. It was during Odette that I realized (at a whole new level) that complacency is deadly . The picture above on the  Financially Fat Facebook page may seem funny. However, this is also written on the Facebook page: We’ve romanticized resilience for far too long. . In the Philippines, or even in international media, “Filipino resilience” is often praised after every typhoon, flood, or crisis. Smiling through hardship. Laughing amidst loss. It sounds inspiring—until you realize it’s also become an excuse . . An excuse for poor disaster response. An excuse for subpar infrastructure. An excuse to stop holding leaders accountable. . We shouldn’t glorify the ability to endure what no one should be enduring in the first place . . Resilience should not replace responsibility. Hope should not replace action. And smiles should not replace solutions. . It’s time we stop clapping for survival—and start demanding systems that pre...

We often hear we need to work hard. It reminds me of what I heard back when I was in late elementary, when I hated high school with a passion, and when I actually ended up telling people, "Do you ever wonder why the Philippines doesn't improve?" Of course, if hard work were all there was to it , why are some people stuck in financial difficulty?  Teaching people how not to be too busy to accept improvements I wrote an article that one should never  be too "busy" to accept improvements . We can see that one can work hard without working smart. The two people are introduced to the better round wheel. However, the two aren't thinking that if they had the round wheel , their hard work would pay off better . Changing the wheels from the square tire to the round tire would allow more hard work to be done. How much hard work (that is, delivering rocks) can be accomplished at a faster, more effective rate if they went for the round wheel? Sadly, some people think th...

I would like to apologize in advance to my readers. The picture I'm presenting is in Tagalog, and not all my readers speak Tagalog. I would translate the picture's text into English for convenience. It says:   "Ano ang bumubuo sa mga presyo?" means "What comprises the price?" "Gastos ng materyales" means materials expense "Gastos sa kasangkapan" means depreciation expense ""Gastos sa pasahod" means salary expense "Kapitalista" means capitalist Renta is well, rent "Kayang pababain ang presyo" means "Prices can be lowered". It says that capitalists (industrialists, landlords, bankers) and elitist governments are part in the gross profit. Get rid of excise taxes (either permanently or temporarily) for the prices of goods and services. In the times of crisis, in the burden of sacrifices, we need to be watchful for capacity. Whatever savings for times of difficulty by the workers and countrymen, the...

Having sea crab yesterday or just eating crab, I always think of that old commercial in the 1990s. It was called, "Iwasan ang crab mentality." or "Avoid crab mentality." This makes me recall a scene when I was a child. I saw a pail full of mud crabs (called alimango in Filipino) and if one crab got out, the others pulled it down. The TV commercial showed how if the crabs got together, they could all escape their grizzly fate of becoming eaten for human consumption. Chefs are just lucky crabs pull each other down. However, it also shows that the crabs would rather all be cooked together than let that crab escape.  Unfortunately, crab mentality is one of the biggest problems in the Philippines. It's not all that unique among Filipinos. However, it doesn't Filipinos should ever take comfort in engaging in a crab mentality, just because other people do it . Here's an interesting excerpt from Inquirer   by Jerry Peres de Tagle PhD: Studies in human behavior ...

Happy New Year, right? There's this statement in Cebuano that says, "Sa Disyembre nag lipay-lipay. Sa Enero, naglikay-likay." For non-Cebuano speakers, it means, "Enjoying all December. Fleeing in January." It's because of the bad habits that are common during the Christmas season. I wrote an entry talking about when a Merry Christmas leads to an Unhappy New Year . After Christmas vacation, it can be common to talk about New Year's Resolutions. Sadly, there are resolutions meant to be broken or resolutions on paper only. Several people finish high school, go to college, get a job, but never gain the necessary knowledge of economics and finances. Instead, they continue to live the same habits year after year. Even worse, the same foolish behavioral patterns get passed down f rom parent to child to grandchild. Still stuck with financial habits that put one in a financial dodo The New Year starts and it can get funny. I tend to hate December because of the ...