manila trip

i was in manila a few days ago and i ealized some things about the phil. well one thing if youre in the mall as my mom would say it "everybody in manila is a millionaire" because if you look at the people at the mall everybody looks nice and a lot of people wear signature clothes and apparel which i should say is not cheap. that just shows the unequal distribution of wealth and resources in the philippines. i just hope that our government will be able to address this someday. more jobs in the provinces. better schools in the province etcetc in other words manila should decentralize. and ive also realized that the drastic improvement in our economy is in large part because of the reforms of our government :) hats off to you madam president :) we have a stronger peso which we also have our ofws to thank for :) and people also say that the real estate boom is because of the filipinos abroad who want to go back here to retire. i agree a bit but i would also like to add something. the bpos or call centers have a huge part to play in the real estate boom! i know of a lot of real estate companies building structures to fill the demand for space of call centers. this is good and bad., why? it means that if the american economy will overheat we will be greatly affected. in 1997 it was because of the us dollar that caused the asian financial crisis. what will happen will be this... but this is just in theory you dont have to take this seriously... this is just a hypothesis of mine. the us stock market looks very good right now so the slowing down of the us economy will not happpen in 1 or 2 years what this means is that we have to take advantage of the bullishness of the phil economy. when the us economy will slow down us corporations will cutdown on costs and one possible scenario would be closing down their call centers. which would mean that tousands of people will be without jobs and what will happen to the buildings that the companies put for the call centers???? people will be without work and our real estate market will fall. as ive said this is just a theory :) if there will be another crisis in the coming years it will be caused by a recession in the us and the closing down of call centers here in the phil. i decided to make this blog to put down my thoughts and analyses so that in the future i will be able to review it and see where i went wrong and why i was right :) i only told one person of this blog and ill call him by the name spyfrat :) hes my broker and a good friend :) im more of a fundamentalist and he is a chartist :) as they say opposites attract. learned so much from this guy! :)