A surge in evictions could turn into financial crisis, economist warns

  • A surge in rental property evictions could have a domino effect on the broader housing market and economy, Tendayi Kapfidze, chief economist at LendingTree, told CNBC.
  • “This really could be catastrophic, and it extends beyond just the rental industry” and could “affect the single-family housing market and the economy as a whole,” he said on “The Exchange.”
  • Kapfidze called for the federal government to take action to halt evictions during the coronavirus pandemic and extend special unemployment benefits to prevent a further breakdown in the economy. READ MORE

Shocked Diokno says all-time high jobless rate doesn’t reflect reality: Aug report will be starkly different

The Philippines’ 17.7 percent record-high unemployment rate last April does not reflect the true picture of the economy and the jobs market due to the impact of the global pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said.

The Philippines’ 17.7 percent record-high unemployment rate last April does not reflect the true picture of the economy and the jobs market due to the impact of the global pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. (we expect more good news in August)

Diokno cuts interest rate to lowest level ever amid COVID crisis

The Bangko Sentral ng Pilipinas cut its benchmark interest rate to a record low 2.25% as the country braces tougher economic conditions ahead.

In a surprise move, BSP Governor Benjamin Diokno announced yet another 50 basis point reduction in interest rates effective June 26.

Markets were only expecting a 25 basis point cut given the aggressive actions taken by the BSP.

However, Diokno wanted to be a step ahead as he cited the possibility of a “deeper and more disruptive pandemic on domestic and global demand conditions.”

This means the central bank already slashed 175 basis points from the key rate, with no signs of slowing down as Diokno’s team insists there’s still enough policy room available. (We are being assured by BSP it will assist the Economy)

TECHNICAL ANALYSIS – GOLD, OIL, SP500 & DOW – WHAT ARE THEY SAYING?

KEY TAKEAWAYS

  • We remain cautious as the 2nd wave of pandemic starts
  • Global Market is still fragile besides technology companies are all escalating due to demand
  • Gold will continue to shine as the risk-on in place

WHAT ABOUT PSEI?

KEY TAKEAWAYS

  • PSEI should recover grounds this week as BSP gives assurance that the economy will do well on 3rd & 4th quarter
  • We believe that the Philippines economy is in good hands and with the right vibes
  • All projects will go as usual and two IPO’s – AREIT & CONVERGENCE will boost the market
  • We remain optimistic about PSEI

FINWAZE TEAM – MANG MATEO – Join our facebook community @ https://www.facebook.com/mang.mateo

25 Comments
  1. storno brzinol 5 months ago

    I¦ve been exploring for a bit for any high-quality articles or blog posts in this sort of house . Exploring in Yahoo I ultimately stumbled upon this web site. Reading this information So i am happy to show that I’ve an incredibly just right uncanny feeling I found out exactly what I needed. I most surely will make certain to don¦t fail to remember this website and give it a look regularly.

  2. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but instead of that, this is fantastic blog. A great read. I’ll certainly be back.

  3. 21 Casino Free Spins 5 months ago

    Vide Gregier A Geant Casino Du Jas De Bouffan Bidon Petrole Geant Casino Bovegas Casino Coupon Codes

  4. Jolene 5 months ago

    Wow, amazing blog layout! How long have you been blogging for?

    you made blogging look easy. The overall look of your website
    is fantastic, let alone the content!

  5. web hosting your 3 months ago

    Thanks for your personal marvelous posting!

    I quite enjoyed reading it, you could be a great author.I will make certain to bookmark your blog and
    definitely will come back down the road. I want to encourage you to continue
    your great work, have a nice holiday weekend!

  6. t.co 3 months ago

    Greetings! I know this is kinda off topic but I’d figured I’d ask.
    Would you be interested in exchanging links or maybe guest writing a blog article or
    vice-versa? My website covers a lot of the same topics as yours and I feel we
    could greatly benefit from each other. If you happen to be interested feel free to send me an e-mail.
    I look forward to hearing from you! Fantastic blog by the way!

  7. http://t.co/ 3 months ago

    Good post! We will be linking to this great post on our site.
    Keep up the great writing.

  8. scoliosis surgery this 3 months ago

    This website truly has all of the info I needed about this subject and
    didn’t know who to ask.

  9. asmr when 3 months ago

    We’re a group of volunteers and starting a new scheme in our community.
    Your website provided us with valuable info to work on. You’ve
    done an impressive job and our entire community will be thankful to you.

  10. bitly.com 3 months ago

    I wanted to thank you for this good read!! I definitely
    enjoyed every little bit of it. I’ve got you book-marked to check out new stuff you post…

  11. why asmr 3 months ago

    I would like to thank you for the efforts you’ve put in penning this site.
    I’m hoping to check out the same high-grade content from you
    in the future as well. In truth, your creative writing abilities has inspired me to get my very own blog
    now 😉

  12. bit.ly 3 months ago

    Everyone loves it when people get together and share opinions.
    Great blog, stick with it!

  13. our scoliosis surgery 3 months ago

    I enjoy what you guys tend to be up too. Such clever work and exposure!
    Keep up the good works guys I’ve you guys to blogroll.

  14. quest bars of 3 months ago

    Thanks to my father who informed me on the topic
    of this website, this blog is in fact amazing. quest bars http://bitly.com/3C2tkMR quest bars

  15. app.gumroad.com 3 months ago

    Amazing issues here. I’m very satisfied to see your article.
    Thank you a lot and I am taking a look ahead to touch you.
    Will you kindly drop me a e-mail? asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

  16. I am constantly thought about this, regards for posting.

  17. http://bit.ly/3hkp4jI 3 months ago

    We are a group of volunteers and opening a new scheme in our community.
    Your web site offered us with valuable information to work on. You’ve done a formidable job
    and our entire community will be thankful to you.

    cheap flights http://1704milesapart.tumblr.com/ cheap flights

  18. After looking over a number of the blog articles on your blog, I seriously appreciate your technique of blogging.
    I book-marked it to my bookmark site list and will
    be checking back in the near future. Please visit my website
    as well and let me know your opinion. scoliosis
    surgery https://0401mm.tumblr.com/ scoliosis surgery

  19. coub.com 3 months ago

    Good day! This post couldn’t be written any better! Reading this post reminds me of my good old room mate!
    He always kept talking about this. I will forward
    this post to him. Pretty sure he will have a good read. Thank you for sharing!
    scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

  20. www.iherb.com 3 months ago

    I have read a few good stuff here. Definitely worth bookmarking for
    revisiting. I surprise how so much attempt you place to create one of these fantastic informative website.
    quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

  21. Thank you for sharing with us, I think this website genuinely stands out : D.

  22. slot online boongo 2 months ago

    Great post. I am facing a couple of these problems.

  23. bit.ly 1 month ago

    Hi would you mind letting me know which webhost you’re using?
    I’ve loaded your blog in 3 different browsers and I must say this blog loads a lot faster then most.
    Can you recommend a good web hosting provider at a reasonable price?
    Thanks, I appreciate it! https://parttimejobshiredin30minutes.wildapricot.org/ part time jobs hired in 30 minutes

  24. with ps4 games 1 month ago

    With havin so much written content do you ever run into any issues of
    plagorism or copyright infringement? My site has a lot of completely unique content I’ve either created myself or outsourced but it looks like a lot of
    it is popping it up all over the web without my agreement.
    Do you know any solutions to help stop content from being ripped off?

    I’d truly appreciate it.

  25. off ps4 games 1 month ago

    If you are going for best contents like me, only go to see this web site every day
    because it presents feature contents, thanks

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?