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Putting Mouth where the Money is How Deloitte's Bitcoin Bistro Was Built Aaron Stanley | Published on April 9, 2017 ADVERTISEMENT While Deloitte has long been an advisor on blockchain and cryptocurrencies, it took a step toward to practicing what it preaches earlier this month. After installing a bitcoin ATM in its Toronto office last fall, the consulting giant is now accepting bitcoin payments at a restaurant in its office complex – providing a hands-on opportunity for patrons to experience bitcoin. Iliana Oris Valiente, strategy leader at Rubix by Deloitte, explained that such first-hand experiences are instrumental toward educating people about the greater potential underlying blockchain technology. == > more: http://www.coindesk.com/how-deloitte-bitcoin-bistro-built/

Bitcoins punched thru $1200, but will not necessarily go all the way to the Top of the channel at $1400+ BTS ... The red down-channel can be redrawn with a channel top near $1250. AND The historical "break-point" sometimes also provides resistance

Chopping and changing seems to be the Way of Trump In a consequential week, Trump leans on the Washington establishment he vowed to disrupt The evolution of Trump’s national security team underscores the rapid change in the spheres of influence that surround Trump. “A year ago if you asked me who are the three most important people in national security, I would have said they’re Mike Flynn, Jeff Sessions and Rudy Giuliani,” said Jim Carafano, a Heritage Foundation analyst who advised the Trump campaign and transition teams. Flynn was ousted as national security advisor in February for misleading the White House about his conversations with the Russian ambassador. Sessions, the attorney general, had to recuse himself from the Justice Department inquiry into Russian meddling for failing to acknowledge his meetings with the same ambassador. Giuliani, former mayor of New York, fell out of favor and was not chosen for a top job. “So the core of his national security [team] has shifted completely to three people he didn’t even know a year ago,” Carafano said, referring to Tillerson, National Security Advisor H.R. McMaster and Defense Secretary James N. Mattis. Adding to the upheaval, the White House last week removed Stephen K. Bannon, Trump’s chief strategist and fellow disrupter, from membership in the National Security Council, and reinserted the director of national intelligence and the chairman of the Joint Chiefs of Staff. Whether Bannon was demoted is disputed but there’s no doubt about the impact: An unconventional White House was reverting to a more familiar hierarchy and norm, at least for matters of war and peace. == > http://www.latimes.com/nation/la-na-pol-trump-tests-20170407-story.html the Neocons grabbed control, when he had such trouble getting "his own people" in place

Another important Low coming soon? Maybe near $1.00. hard to say when NNVC /NanoViricides Inc. (NYSE MKT) ... update / Last: $1.11 - year's Low: $1.03

The Globalist couple (jarad/ivanka) are winning... sadly (They don't get it. Ivanka befriended Chelsea, and Jarad seems to be able to imagine a future where the Clintons remain living outside prison. Remember, it was Jews, Zios, and Saudis that heavily financed the Satanic one.) Trump plans centrist push and Priebus is on board Kevin Hagen / AP Steve Bannon, the engine and soul of President Trump's hard-edged approach to his first months in office, is increasingly isolated and will be forced out unless he can adopt a more cooperative approach, a top source told me. On both style and substance, Bannon got crosswise with Jared Kushner and Ivanka Trump, who are pushing for a more competence- and results-driven focus for the West Wing. In their view, Bannon is too inclined to want to burn things down and blow things up. They want a more open process driven by the interests of the president, not ideology. A senior official said Chief of Staff Reince Priebus is "with the program" of a more inclusive style, and will stay. Insiders have been feverishly discussing possible replacements and Trump considered a change, but the official said: "Reince is staying." Keep reading 162 words The latest from the "Game of Thrones," on location in Mar-a-Lago this weekend: The changing culture: Here are the two crucial words to understand the outgoing style and incoming style: We're told that rather than "nationalist" vs. "globalist," think of "combat" vs. "collaboration." How the Bannon bubble burst: The last straw for his internal critics: news stories portraying Bannon as the keeper of the Trump flame, in opposition to Jared, Ivanka and economic adviser Gary Cohn — all New Yorkers. == > more : https://www.axios.com/how-steve-bannon-lost-his-mojo-2350891180.html What a biased article! I don't think the writer has any idea of how the average Trump voter feels and thinks

Will Bitcoin punch its way through resistance at $1200? On its way to $1400+ Or will it begin a deeper retracement to under $1000 again? BTS - 5-mos : 1-mo : 5d: I'm betting on the retracement. And in my model portfolio, I am 100% hedged.

The Reality of living in an Earthquake Zone 3 Strong Quakes jolt Luzon - Apr 9th, Manila Bulletin 991 aftershocks, 139 minor events recorded before Saturday's tremor The main event was a R-6.0 shake I got many reports by social media on what people were experiencing. The higher the floor, the more noticeable the effects. On the ground floor, in a coffee shop, I hardly noticed

You may be right that this was a necessary ruse. We saw reports like this Gutfeld: Trump reminded everyone who's boss Boss? Unfortunately, it is not Trump (yet) I think getting Gorsuch approved may be a key step. And perhaps, giving some scraps of meat to the Globalist monsters may have been necessary to keep them from doing something that would have up-ended Trump's Presidency. I kept thinking "Bay of Pigs" and how JFK shifted after that, when he saw the Deep State play their cards

Bitcoin's New Controversy: The AsicBoost Allegations Explained Apr 6, 2017 at 18:21 | Pete RizzoA new allegation from a high-profile bitcoin developer has once again stoked the fire of its scaling debate. Bitcoin is abuzz with fresh controversy following an inflammatory new post by Bitcoin Core developer and Blockstream CTO Greg Maxwell in which he alleges some miners are engaging in unfair practices that may be harmful to the network. Posted to the bitcoin mailing list last night, the entry asserts that a mining hardware maker is secretly exploiting a previously known weakness in bitcoin's proof-of-work algorithm that enables them to mine roughly 20% faster than competitors. The allegation is that this activity is ongoing, and that this has been proven by an analysis conducted on a mining chip. Here's where the intellectual gymnastics begin. Of note is that the technology in use has already been patented by developers Timo Hanke and Sergio Demian Lerner in a scheme called "AsicBoost" for which a patent was filed in November 2014. Maxwell contends that someone has discovered what he called a "covert" version of the technology used in a mining chip. He did not state who conducted the analysis, whether him or a separate party. Taking a step further into speculation, the inference of the post is that Segregated Witness, a scaling solution developed and proposed by the Bitcoin Core team, would render the covert version of AsicBoost discovered obsolete, hurting the bottom lines of any miners using the workaround. As such, the statement has stoked controversy in bitcoin's long-simmering scaling debate in that the allegation that the miner engaged in the practice is China-based Bitmain – one of the industry’s largest providers of mining equipment. (Bitmain has a separate patent for the AsicBoost technology in China). The assertion is that Bitmain is not only blocking a technical solution favored by the Core developers (through its support of alternative development teams), but doing so because it would enhance its profitability at the expense of users.

As BTC touches $1200... Did One Tweet Make Litecoin's Price Drop 20%? Apr 7, 2017 at 20:10 | Charles BovairdLitecoin prices fell roughly 20% within 24 hours, and the culprit appears to be a single tweet. ADVERTISEMENT Litecoin prices fell roughly 20% in less than 24 hours, and the culprit is apparently a single tweet. The digital currency declined to as little as $9.19 at 12:29 UTC today, after reaching a high of $11.45 yesterday. According to data source Coinmarketcap, this represented a 19.7% loss for the digital currency. Yet, analysts suggest the price movement is the latest example of how cryptocurrency prices can be impacted by relatively minor events, in this case, speculation about the future of an upgrade to the litecoin protocol. First developed for the bitcoin network as a way to increase the capacity of network transaction blocks, there are now high hopes litecoin could be a useful proving ground for Segregated Witness, a blockchain scaling solution. Developers, for instance, have expressed their interest in testing SegWit on litecoin as a way to ease concerns about its deployment on bitcoin, and traders have responded in turn. The tweet that analysts identified as triggering this sharp drop, however, shook confidence in this outcome. In the message, Wang Chun, co-owner and chief administrator of mining pool F2Pool, expressed his concerns about Segregated Witness and warned that he may need to pull his mining pool's support for the proposal. At issue is that F2Pool accounts for roughly 35% of the network's mining power. Still, less than two hours later, litecoin creator Charlie Lee tweeted that he had spoken with Chun, who would continue to signal for SegWit. Though with the scare over, it seems markets were still affected.

Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia through its 13% ownership of Carube Copper Corp. ("Carube Copper") (CUC:TSX-V, formerly Miocene Resources Limited). CUC.v ... All-data : 5-yr-W : 4-yr-D : 1-yr : 6-mos : 10d - Last: 0.13. updated: 11/28/17: $0.00

Wallbridge Commences Resource Expansion Exploration Drilling at Fenelon T.WM | March 20, 2017 Some bonanza grades in resource TORONTO, March 20, 2017 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (the "Wallbridge") is pleased to announce that it has commenced resource expansion drilling at its 100%-owned Fenelon Gold Mine Property ("Fenelon") in Quebec. "Now that we have a positive pre-feasibility study, exploration to expand the existing resource in order to extend the mine life is one of our top priorities," said Wallbridge's CEO Marz Kord. "Drilling, Phase 2 of our exploration program, has commenced at Fenelon, while we continue to work on permitting and a production decision in the second quarter of the year." The exploration program at Fenelon is being carried out in three phases. Phase 1, which has been completed, consisted of a complete review of the mine geology including relogging and additional sampling of old drill holes, to better understand mine scale controls on gold mineralization, define the limits of ore grade mineralization and to allow optimization of the current Phase 2 drilling program. Phase 1 exceeded expectations, resulting in the discovery of additional mineralized zones outside of the current resource (19.7 g/t Au over 1.90 m, including 89.3 g/t Au over 0.35 m) and in-fill sampling within the resource to better define the expected ore grade (8.37 g/t gold over 1.25 m, which together with historic assays forms part of an intersection of 20.17 g/t gold over 6.21 metres). Please refer to the press release dated December 5, 2016. Phase 1 also confirmed the presence of a number of high-quality targets in the immediate vicinity of the mine workings and the pre-feasibility study mining project (Figure 1). The Phase 2 Program has commenced and consists of approximately 2,000 metres of surface drilling designed to test targets in close proximity to the initial mining project. Proposed drill hole locations are shown as blue stars on Figure 1. The objective is to better define the targets for follow-up resource definition drilling from surface and underground early in the mine life. The proceeds from the recent FT Share financing will be used to complete Phase 2. The Phase 3 Program will consist of both surface and underground drilling to further test these targets and move some of them into resources. Prioritization of targets for detailed drilling is somewhat contingent on results from Phase 2. A total of approximately 3,000 metres of surface drilling is currently planned. Underground drilling is to commence during the underground bulk sampling once dewatering of existing mine workings is completed. This program includes a planned 3,500 metre initial program. Read more at http://www.stockhouse.com/news/press-releases/2017/03/20/wallbridge-commences-resource-expansion-exploration-drilling-at-fenelon#PKtzh7hp0cGCBH41.99

Wallbridge (WM.t) and its growing Fenelon Mine WM.t ... All-data : 5-yr-W : 4-yr-D : 1-yr : 6-mos : 10d - Last: C$0.10 x 227mn shs = C$22.7mn Mkt.cap / in edit: Wallbridge Mining (WM.t) - now Ready to Roll? WM.t ... 10-yrW : 5-yr : 2-yr : 6-mo : 10-d -- last: C$0.095 // Market Depth : A confirmed breakout above C$.10, could soon bring $0.15 and higher About Wallbridge Mining Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability. Wallbridge is currently preparing to develop its 100%-owned high-grade gold Fenelon Mine project in Quebec with a production decision targeted for Q2 2017. Wallbridge is also in discussions regarding several other advanced stage projects which could become the Company's next mines. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit in Sudbury, which was completed in October 2015. Wallbridge is also continuing active partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario. Currently, Wallbridge is completing a 20,000 metre fully partner-funded drilling program on its high-grade Parkin nickel-copper-PGM project. Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia through its 13% ownership of Carube Copper Corp. ("Carube Copper") (CUC:TSX-V, formerly Miocene Resources Limited). > stockhouse-WM : http://www.stockhouse.com/companies/quote?symbol=t.wm : bullboard :

An important Talk - hits some key topics How can we battle those imposing SJW Authoritarianism? Fashionable "Victim" groups are demanding more and more protections, more privileges. And there is NO END to who can claim victim status The equity authoritarians MUST BE STOPPED. NOW! Published yesterday - already has about 34,000 Views - 2,400 Likes - that's 7.0%! Published on Apr 6, 2017 This is a talk I gave in Calgary, Alberta on Mar 25, 2017, for a political action group, Generation Screwed. I wrote it out, and read it, which I rarely do, because I was developing a new argument, and wanted to ensure I made it properly. During the talk, I discuss the increasingly widespread demands for so-called "equity," or equality of outcome. This the most dangerous idea that the postmodern neo-Marxists have yet championed. Equity cannot be attained, even if it was desirable, because there is no limit to the ways in which people can be categorized. Race, sex, gender identity, and sexual proclivity -- the current contenders for primacy of identity among the radical activist leftists -- are no more valid as categories of human beings than attractiveness, personality, political belief, intelligence, health status, or economic class. Thus, the demand for equity can never be met. The equity authoritarians must be stopped. Now. There are few doctrines as dangerous

SUMMARY of 2016 Earnings Alliance Global 2016 net grows 5% to P22.8B (Apr. 7, 2017, Manila Times) Ramping up CAPEX pays off "Since about three to four years ago, the group made a deliberate effort to significantly raise our level of spending to expand our geographic footprint both here and abroad, and ensure a more sustainable growth in future earnings," AGI President Kingston Sian. AGI Business Unit : net income : change* : pct. : Comment Megaworld / MEG-- : P 11.6 bn --. : 1.24 mn + 12%: strong leasing operatons Emperador / ---------- : P 7.7 bn -- : 0.76 mn + 11%: "cost efficiencies" GPM of 36% was a record Travellers / Resorts : P 3.4 bn -- : -0.60 mn - 15%:: FX Losses on $300mn bond, F&B income: P 3.8bn Global Arches /McD: P 1.2 bn -- : 0.00 mn : ??? Global Est's/ GERI : P 1.0 bn -- : 0.50 mn : + 50%: (what % owned by AGI? I assume 100% here) ==== ---------- Sub-total ----- : P 24.9 bn : 1.90 mn : + 8% ---------- Other -------------- : ( 2.1 bn) (0.81 mn) Alliance Glbl/ AGI-- : P 22.8 bn : 1.09 mn + 5% : Consol. Revenues were flat, at P 139 bn "Despite our aggressive expansion strategy, our balance sheet remains healthy and financial gearing is still very comfortable" Megaworld income rises 12% to P11,6 B + Rental revenues rose 15 percent to P10.01 bn + Introduced new concept in real estate development: "integrated lifestyle community" at Eastland Heights - 640 h. in Antipolo, Rizal mtns

Megaworld, AGI (parent), Eli & Geri AGI-MEG : 8.60 / 1.79 = 4.80x, Mreit: 12.78 = 7.14x, and seven months cycle === Update 2024, 1.05.24 (2.03, 2.11%) and yrE-23 (1.97): MEG-etc:. MReit: 12.72, 13.2% /TLT: $96.29 MEG vs SHNG: 2.02 vs 2.71. Gap: 0.69, Ratio: 134.2%/ from 3/'20: 6/'22: 10d: ( Note: Megaworld has 81.73% ownership in ELI) ELI vs MEG: from 2016: Add-AGI '16: July'22: w/AGI: 0.197 / 1.99 = 9.89% , Agi-12.66, at 3.3.23 ELI-Agi-Meg'20: xx: MEG-1.98 / Agi-12.66 = 15.6% , at 3.3.23 2016: Add-AGI '16: === Earnings are out for 2016 : MEG profits up 11%, parent AGI up 5% These are reasonable results, but represent a slowdown in Growth AGI -vs-MEG & PSEI ... 10yr: 5yr: 3yr: 6mo: fr. 4/1/19: 10d / Last: P10.80 -0.08, MEG: 4.40 10yr: fr.Oct.2009 : 5yr: 3yr: AGI Announced yesterday, MEG a few days earlier. ... 5-yrs : 2-yrs : 6-mos : 10-d : MEG stock is up to P 3.74, 10% above the recent low near P 3.40 last week AGI is trading at P 13.68, up 2% on the day, and +9.4% above last week's low near P12.50. The market seems to like these results PH:AGI / Alliance Global Group Inc. ... 5-yrs : 2-yrs : 6-mos : 10-d : vs-SPY / THE GAP of AGI to the PSEI has become very big. Time to Buy AGI as a proxy for the PSEI? PSEI vs- AGI, MEG ... 10-yr: 5-yr / 2-yr fr.10/1/2017 : 6mo /10d - Last TIMING—: -PSEI : -AGI : MEG : Shng/ Agi/P: Meg/P: Meg/A: Shng/ YrE-2013 : 5,890 : 25.80 : 3.24 : 3.27 / 43.8%: 5.50%: 12.6% / 5.55% YrE-2014 : 7,231 : 22.55 : 4.88 : 3.30 / 31.2%: 6.75%: 21.6% / 4.56% YrE-2015 : 6,952 : 16.10 : 4.25 : 3.13 / 23.2% : 6.11%: 26.4% / 4.50% YrE-2016 : 6,841 : 12.78 : 3.57 : 3.27 / 18.7% : 5.22%: 27.9% / 4.78% YrE-2017 : 8,558 : 16.00 : 5.16 : 3.13 / 18.7% : 6.03%: 32.3% / 3.66% YrE-2018 : 7,466 : 11.90 : 4.75 : 3.12 / 15.9% : 6.36%: 39.9% / 4.18% 01-29-18 : 9,059 : 15.50 : 5.06 : 3.24 / 17.6% : 5.59%: 32.6% / 3.57% 11-13-18 : 6,844 : 10.50 : 4.50 : 3.12 / 15.3% : 6.58%: 42.9% / 4.56% 09-15-19 : 7,997 : 12.76 : 5.18 : 3.36 / 16.0% : 6.48%: 40.6% / 4.20% 10/3 mid.: 7,522: 10.58 : 4.40 : 3.29/ 14.1% 5.85% : 41.6% / 4.37% =======

Earnings are out for 2016 : MEG profits up 11%, parent AGI up 5% These are reasonable results, but represent a slowdown in Growth AGI Announced yesterday, MEG a few days earlier. ... 5-yrs : 2-yrs : 6-mos : 10-d : MEG stock is up to P 3.74, 10% above the recent low near P 3.40 last week AGI is trading at P 13.68, up 2% on the day, and +9.4% above last week's low near P12.50. The market seems to like these results PH:AGI / Alliance Global Group Inc. ... 5-yrs : 2-yrs : 6-mos : 10-d : I have started a thread about MEG / AGI: > http://www.greenenergyinvestors.com/index.php?showtopic=21392

Syria : has Trump surrendered to the Neocons ? The Rush to war (on faked or accidental gasing) : "does not smell right" Putin opposes, Netanyahu favors this wild action Comments from Mike Rivero - on WhatReallyHappened Hr1 "If he goes into Syria, Trump will make himself a one-term President" Trump Has Surrendered. Will Putin Be The Next To Surrender? (4/6/2017) The Washington Establishment has reasserted control. First Flynn and now Bannon. All that are left in the Trump administration are the Zionists and the crazed generals who want war with Russia, China, Iran, Syria, and North Korea. There is no one in the White House to stop them. Kiss good-bye normalized relations with Russia. The Syrian conflict is set to be reopened. That is the point of the chemical attack blamed by Washington on Syria despite the absence of any evidence. It is completely obvious that the chemical attack is a Washington orchestrated event. According to reports US Secretary of State Tillerson has warned Russia that steps are underway to remove Syrian president Assad. Trump agrees. The removal of Assad allows Washington to impose another Washington puppet on Muslim peoples, to remove another Arab government with an independent policy from Washington, to remove another government that is opposed to Israel’s theft of Palestine, and for Exxon’s Tillerson and the neoconservative hegemonists to cut Russian natural gas off from Europe with a US controlled gas pipeline from Qatar to Europe via Syria. By ignoring all of these US advantages, the Russian government dithered in completing the liberation of Syria from Washington-backed ISIS. The Russians dithered, because they had totally unrealistic hopes of achieving a partnership with Washington via a joint effort against terrorism. This was a ridiculous idea as terrorism is Washington’s weapon...

You will not see these "Hate Facts" in the Mainstream Media The Odds against traditional American values Jews on Supreme Court : 3.5 /8 = 43.8% Jews as a % of US Population----- : 2.6% Multiple of "Fair share" -------- : 16.8X Result: They usually vote together, with Justice Kennedy = Creeping socialism, multicuralism favored, social agenda "Something had to be done!"; Trump was elected Gorsuch heads for confirmation as Senate tears up own rules WASHINGTON (AP) -- In a confrontation that could reshape the Supreme Court for generations, Republicans tore up the Senate's voting rules Thursday to allow Trump nominee Neil Gorsuch to ascend to the high court over furious Democratic objections. Democrats denounced the GOP's use of what both sides dubbed the "nuclear option" to put Gorsuch on the court, calling it an epic power grab that would further corrode politics in Congress, the courts and the nation. Many Republicans bemoaned reaching that point, too, but they blamed Democrats for pushing them to it. "We will sadly point to today as a turning point in the history of the Senate and the Supreme Court," declared Democratic Minority Leader Chuck Schumer of New York. "This is going to be a chapter, a monumental event in the history of the Senate, not for the better but for the worse," warned Sen. Lindsey Graham of South Carolina, a senior Republican. A final confirmation vote on Gorsuch is expected Friday, and he should be sworn in soon to hear the final cases of the term. He was nominated by President Donald Trump shortly after the January inauguration. The Senate change, affecting how many votes a nominee needs for confirmation, will apply to all future Supreme Court candidates, likely ensuring more ideological justices chosen with no need for consultation with the minority party. Trump himself predicted to reporters aboard Air Force One that "there could be as many as four" Supreme Court vacancies for him to fill during his administration. "In fact, under a certain scenario, there could even be more than that," Trump said. There is no way to know how many there will be, if any, but several justices are quite elderly. == > more: http://hosted.ap.org/dynamic/stories/U/US_SENATE_SUPREME_COURT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-04-06-17-43-55

Major Revelations about to start ? Keep eyes on Antarctica and Wikileaks In anticipation, I changed the logo today - to this: RDS said this during a visit to Norway EX CIA Robert David Steele In Oslo - McCain, Graham, Rubio and Schumer Are All Being Blackmailed Wikileaks "destroyed Hillary Clinton and the Democratic party" Now it will destroy the GOP Videos showing senior politicians having sex with children will be the next big thing, says RDS - at 42 minutes into this interview ROBERT DAVID STEELE NORWAY INTERVIEW " CLINTON FOUNDATION BIGGEST ORGANIZED CRIME FAMILY I KNOW OF "

Advertisers "shooting themselves in the foot" Will THIS be the end of "diversity programming"? PEPSI PULLS KENDALL JENNER AD AFTER OUTCRY... Pepsi / 1 / Pepsi, Kendall Jenner protest ad called 'tone deaf' "about letting go, and following your passions" Right. More like behaving like a brain-dead Zombie. The social media react to the dumb ad, shows Pepsi's audience is smarter than they think / 2 / #Pepsi Is About To Have A Very Bad Day | Mike Cernovich Periscope I think people are now truly waking up to the manipulations in advertising. So I started a thread about this: > http://www.greenenergyinvestors.com/index.php?showtopic=21389

EXCERPT from the Bubble thread I am beginning to think that the BIGGEST BUST will come in the Manila bay area (and maybe small pockets like Century city.) Even without the extra supply of visionary projects like Solar City In Manila Bay, I think you will find a conjunction of these three negative factors: Huge incoming supply, lower quality developers offering aggressive finance, and (maybe) low quality buyers availing big balloons. The Supply increases for M-Bay are pretty shocking: UNITS---- : --Stock-- : Estimated completions--------- : Next3yr : + Pct. : Location: End 2016 : -2017- + pct. : -2018 : -2019 : End2019 BGC / Fort : 24,275 // 8,566: +35.3% : 3,858 : 3,022 / 39,721 : + 63.6% Makati CBD: 21,633 // 4,784: +22.1% : 1,072 : 0,598 / 28,087 : + 29.8% Ortigas -----: 16,250 // 1,489: +9.16% : 0,782 : 0,570 / 19,091 : + 17.5% Manila Bay: 8,864 // 5,507: +62.1% : 8,531 : 2,614 / 25,516 : + 188.% Rockwell--- : 4,159 // 0,346: +8.32% : 0,492 : 0,269 / 5,266 : + 26.6% ========= Top5 Areas : 75,181 / 20,694: +27.5%: 14,735: 7,073/ 117,683: + 56.5% Other GrM. : 15,603 // 2,198: +14.1%: 0,824: 0,632 / 19,257 : + 23.4% Gtr. Manila : 90,784 / 22,890: +25.2%: 15,559: 7,705/ 136,940: + 50.0% BTW: the stock market does not seem to be buying into the Bullishness we are hearing from property agents and the developers about higher property prices. I wonder why?

iAcademy - new office coming near Linear / TechZone area The ground was broken very recently > ssc thread: http://www.skyscrapercity.com/showthread.php?t=1987103

iAcademy - new office coming near Linear / TechZone area The ground was broken very recently > ssc thread: http://www.skyscrapercity.com/showthread.php?t=1987103

80% Balloon payments? Gasp! And I worry about M-Bay Here's the very big problem with Big Balloons: Banks are getting more cautious, and most are saying that a 60% Loan is the most they are willing to entertain, unless the borrower has excellent credit. So the big crunch is going to come when the buyer discovers in 2-3-4 years time, that he cannot finance the entire balloon, and needs to find maybe 20% or more of the price to make that last payment. He may then try to sell on his contract, and find no buyers - and have to surrender the contract back to the developer - ie walkaway from his "call" option. Up until now, I don't think developers have chased the defaulting buyers for more money - but that may change in the future if developers lose money on these deals The buyer default risk is not going to hit the more conservative developers like Ayala very hard, because they are now structuring their sales with 60% or smaller balloons. Some of the other developers like Megaworld, SM, or Century may prefer to make the (partial?) sale now and get the sale on their books, and then worry about the potential default risk later. : Larger image Mind the gap... between rising prices and falling rents - it is not healthy! Until now, developers have been able offload most of the flats that they get back through buyer default at a higher price - so they may now be complacent about the risk. the problem is, as THE GAP between (Higher) prices and (Lower) rents is growing. As yields fall in a stagnant or rising interest rate environment, it will be much harder for developers to offload those defaulted units at a price that keeps them whole. I am beginning to think that the BIGGEST BUST will come in the Manila bay area (and maybe small pockets like Century city.) In Manila Bay, I think you will find a oonjunction of these three negative factors: Huge incoming supply, lower quality developers offering aggressive finance, and (maybe) low quality buyers availing big balloons. The Supply increases for M-Bay are pretty shocking: UNITS---- : --Stock-- : Estimated completions--------- : Next3yr : + Pct. : Location: End 2016 : -2017- + pct. : -2018 : -2019 : End2019 BGC / Fort : 24,275 // 8,566: +35.3% : 3,858 : 3,022 / 39,721 : + 63.6% Makati CBD: 21,633 // 4,784: +22.1% : 1,072 : 0,598 / 28,087 : + 29.8% Ortigas -----: 16,250 // 1,489: +9.16% : 0,782 : 0,570 / 19,091 : + 17.5% Manila Bay: 8,864 // 5,507: +62.1% : 8,531 : 2,614 / 25,516 : + 188.% Rockwell--- : 4,159 // 0,346: +8.32% : 0,492 : 0,269 / 5,266 : + 26.6% ========= Top5 Areas : 75,181 / 20,694: +27.5%: 14,735: 7,073/ 117,683: + 56.5% Other GrM. : 15,603 // 2,198: +14.1%: 0,824: 0,632 / 19,257 : + 23.4% Gtr. Manila : 90,784 / 22,890: +25.2%: 15,559: 7,705/ 136,940: + 50.0% BTW: the stock market does not seem to be buying into the Bullishness we are hearing from property agents and the developers about higher property prices. I wonder why?