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Stock Commentary

That’s my bad...

Merkado Barkada
Thatâs my bad...

Yesterday I incorrectly said that the PDIC provides $500k/bank of coverage to Americans. The real amount is $250k. This means that FDIC covers approximately 50% of the average non-rural home price, and that it would take two accounts to fully protect that amount.

Yesterday I incorrectly referred to FDIC when I meant to say PDIC, with reference to what the PDIC offers to Filipinos.

The MB Market Calendar incorrectly said that the US Federal Reserve decision would be known on March 21, when it actually will come down in the early morning of March 23. As the only writer/editor of MB, I appreciate it when readers spot these errors to allow me to correct them!

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Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. You can subscribe to the newsletter or follow on Twitter to receive the full daily updates.
Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.

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