QUOTE(teehk_tee @ Oct 14 2009, 12:01 AM)
yeah it's bad alright.. but .. to have 4.xx on the face of BNM strongly depressing the ringgit.. that'd be unbelievable but i'll be over the moon 
That's true....but why would BNM strongly depress the ringgit? (i do agree that it looks that way, by the way.)50%++ of Malaysia's earnings are O&G related (priced in USD) and the country isn't so dependent on finished goods sales to the US as (say) China, Japan, Korea.......
Added on October 14, 2009, 12:13 am
QUOTE(epalbee3 @ Oct 13 2009, 11:59 PM)
one thing must take care:
US is printing money. so when USD depreciates, you gain no change.
Today 3.39 RM to 1 USD, expect to drop to 3 RM soon.
As I think, the next crisis should due to this printing money.
Oil price will high and inflation will overcome interests.
Absolutely right.US is printing money. so when USD depreciates, you gain no change.
Today 3.39 RM to 1 USD, expect to drop to 3 RM soon.
As I think, the next crisis should due to this printing money.
Oil price will high and inflation will overcome interests.
Spot on!
IMHO
This post has been edited by David_Brent: Oct 14 2009, 12:13 AM
Oct 14 2009, 12:11 AM

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