ECONOMIC OUTLOOK AND ICE CREAM by Gus Cosio

6:40pm   Tuesday  17 August 2010    Philippine Stock Exchange Index  3502.25 (+0.65%) Earlier today on Bloomberg Television, Mark Mobius, the Singapore-based executive chairman of Templeton Asset Management Ltd.’s emerging markets group, said that he thought the global economic recovery is well in place and may accelerate as growth in developing nations counters a slowing pickup in Japan and the U.S.  He... Read More

FEAR IS GOOD! by Gus Cosio

9:25  Thursday  12 August 2010   Philippine Stock Exchange Index  3522.72 (yesterday’s close) The U.S.market took a terrible beating overnight sparked by a larger-than-anticipated trade gap of $49.9 billion in June.  Usually, when the U.S. trade deficit widens, it is because consumers are spending a lot.  The dilemma arises when consumers are not spending, yet the drag on production intensifies due... Read More