01-27-2008, 01:46 AM
It's beautiful how GMA is taking credit for improving our economy, with the "strengthened peso" as her evidence, when the peso's increased value is actually more closely linked to the currently weak and unstable US economy. She's putting so much emphasis on the peso's rapid climb, while forgetting the fact that a stable currency is what we actually need. It's not like the prices of goods are decreasing, even with the current exchange rate. But then after all this BS I've been typing, I now realize that what I'm posting is probably more appropriate for the another thread. -_-
Anyway, to get back on to the actual topic: Whichever way it goes for the US, the Philippines will definitely be affected, as a very large chunk of our goods and services are also exported to the US. US goes up, we won't necessarily go up. -_- But if US goes down, we'll definitely feel the pain.
Anyway, to get back on to the actual topic: Whichever way it goes for the US, the Philippines will definitely be affected, as a very large chunk of our goods and services are also exported to the US. US goes up, we won't necessarily go up. -_- But if US goes down, we'll definitely feel the pain.
