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)



  • 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



  • 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

  1. storno brzinol 1 month 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 3 weeks ago

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

  4. Jolene 3 weeks 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!

Leave a reply

Your email address will not be published.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



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


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?