Sunday, October 08, 2006
It's a Bull Run
"The country's gross international reserves hits a record high of $ 21.56 B due to string dollar inflows from OFW.
Total foreign direct investment reached $ 996 million and may reached $2B
Oil prices down to $61".
Des ferriols,Philippine Star page B-3,B-4, Oct.7,2006
How these will benefit us? Here are my thoughts:
1. There will be more money that will circulate resulting to high sales for those who got business.
2. Investment in equity mutual fund and stocks will give a positive yield. In short NAV for the mutual funds and stock prices will be higher resulting to higher earnings for shareholders.
3. High interest rate for your bank savings account and time deposit.
4. Inflation will be down to 6% or less hence more purchasing power for the peso.
It's definitely a bull run.
The question though is ........how long?