Debts: Blessing or curse?

Debts: Blessing or curse?

PHILIPPINES - Today, we take a turn and leave investing in the meantime. Let's go to debts or borrowing.

At any rate, it looks like the heightened volatility in the financial markets since the last week of May is tapering off this July.

Stocks, bonds, and the dollar-peso exchange rates are off their highs and lows.

Stocks are back prancing to the beat of the country's sound economic fundamentals though this time, a little less excitedly.

Bonds and currencies? Oh well, it's complicated. So let's go to the opposite side of the balance sheet and have a little discussion on debts.

Should we borrow or stay debt-free? Is debt good or bad? We are almost sure to hear passionate opinion in defence of and in condemnation of debts.

We think though that borrowing is not a moral question of good and evil, or of right and wrong. Because it is neither good nor bad in itself, it is just is.

Properly handled and used, debts could be the best thing that could happen to fast break our economic goals. It could also be the path to destruction if not managed well.

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