Compared to the first quarter, the upturn in real GDP in the next quarter primarily reflected a downturn in imports and an acceleration in consumer spending that ended up partly offset by a downturn in investment. More information on the source data and BEA assumptions that underlie the next-quarter estimate is proven in The true secret resource d… Read More

Combined U.S. and Philippine Commonwealth armed service forces like recognized guerrilla units ongoing printing Philippine pesos, to ensure, from October 1944 to September 1945, all before troubles aside from the emergency guerrilla notes had been considered illegal and were being no longer legal tender.The Philippine Peso performs a central role d… Read More