TRIBUNE: CACHO-OLIVARES - Hyped up investment grade status
- What is not being told and explained honestly by Noynoy and his finance and economic aides is the fact that all the investment grade means is that it now becomes cheaper for govt to borrow funds from international creditors. While the hype is all about investment money pouring into the Phil coffers, what is more likely meant is the hot money being invested in the stock market which can also just as easily disappear as it had appeared.
- What is not being told and explained honestly by Noynoy and his finance and economic aides is the fact that all the investment grade means is that it now becomes cheaper for govt to borrow funds from international creditors. While the hype is all about investment money pouring into the Phil coffers, what is more likely meant is the hot money being invested in the stock market which can also just as easily disappear as it had appeared.
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