I am always amused when a person or a group with credibility problems propounds an opinion or makes predictions on a public matter such as the economy. These predictions are usually intended to persuade some sectors in the public or influence policy makers.
Citigroup recently came out with a commentary on the Philippine economy. OK, there is something, maybe all things, wrong with the economy. But coming from a company that almost went bankrupt on its subprime investments, that's presumptuous.
Economists of Citibank, an affiliate of Citigroup, also proffer their economic analysis every now and then. But BSP has dropped Citibank as one of its fund managers for some investment violations.
Other troubled firms make a lot of PR noise such as large-scale advertisement trying to drown out the losses their parent firms are racking up abroad. AIG , parent company of Philam Life, comes to mind.
I'd rather stick with Mr. Bearbull's predictions. At least Ron Nathan is entertaining.
