“The index, however, remains well below the peak of 60 reached in July last year.”
“We may well have reached the peak of the economic cycle earlier in the year.”
“Although San Miguel B has fallen 12 percent from its peak in July last year, we believe that the issue is still far from our 69 pesos fair value target.”
“Because long-term mortgage rates are still well below the peak levels reached last May of this year, housing starts are currently exceeding expectations,”
“We're hoping we've kind of reached the peak of this thing. Last year we didn't see the kind of increase we've been seeing before. Previous years it doubled or nearly doubled.”
“One sees great things from the valley; only small things from the peak.”
G. K. Chesterton
“This is a warning that sentiment developments aren't a one-way street, and we may have reached a peak. With the help of ZEW, prices should find a floor and shouldn't drop in the very short term.”
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