The Government forced to advance $400 Billion Pesos to 12 provinces

[Finance Prof]

Proof positive that things aren't too rosy if Provinces can't even make payroll. Read this today. Seems like more and more evidence that this isn't quite the economic miracle as portrayed.

 

[MikeYoung]

Proof positive that the economy isn't as good as they try to make it out.

 

[Edgardo]

Proof positive that the economy isn't as good as they try to make it out.

Well there is a lot of spending but seems like the rich (probably the people that laundered their money) are simply spending it! I read a great explanation yesterday that helped me understand it.