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pretty~
post Jul 31 2013, 02:27 PM

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kanasai the currency now.... T.T
i need to buy RMB every week for bisnes use.... now the rate really really..................... >.<
RM value mau drop hingga berapa? until same value with my toilet paper is it? =.=l
SUSHITMAN316
post Jul 31 2013, 03:02 PM

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Kampung pak cik mak cik still need goodies from BN. Biar hilang ekonomi, jangan hilang UMNO/BN!!!
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post Jul 31 2013, 03:52 PM

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QUOTE(pretty~ @ Jul 31 2013, 03:27 PM)
kanasai the currency now.... T.T
i need to buy RMB every week for bisnes use.... now the rate really really..................... >.<
RM value mau drop hingga berapa? until same value with my toilet paper is it? =.=l
*
Malaysia has a role model - Zimbabwe

Zimbabwe's inflation in 2012 was over 253 MILLION %, yes, you read it right, Zimbabwe's inflation rate was over two hundred fifty three million percent

It got so bad that no one, not even Zimbabweans themselves, use their own Zimbabwe currency, the Zimbabwean Dollar - and start using foreign currencies in their daily transaction - Euros, American dollar bills, South African Rands, et cetera

Since Robert Mugabe is so friendly friendly with Mahathir, we have to prepare for the day our Ringgit Malaysia might meet with the same fate as the Zimbabwean Dollars
Einjahr
post Jul 31 2013, 03:54 PM

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QUOTE(advocado @ Jul 31 2013, 09:59 AM)
If you looked at your currency exchage chart you'd notice Ringgit is actually still high which resulted in reduced exports for the past year, recent fall on rm merely brings it back to normal.
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well fitsch ratings have revised Malaysia into negative territory, already it has spooked alot of people -Is this anything to worry about?
izzyuke
post Jul 31 2013, 04:00 PM


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pretty~
post Jul 31 2013, 04:03 PM

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QUOTE(ash tray @ Jul 31 2013, 03:52 PM)
Malaysia has a role model - Zimbabwe

Zimbabwe's inflation in 2012 was over 253 MILLION %, yes, you read it right, Zimbabwe's inflation rate was over two hundred fifty three million percent

It got so bad that no one, not even Zimbabweans themselves, use their own Zimbabwe currency, the Zimbabwean Dollar - and start using foreign currencies in their daily transaction - Euros, American dollar bills, South African Rands, et cetera

Since Robert Mugabe is so friendly friendly with Mahathir, we have to prepare for the day our Ringgit Malaysia might meet with the same fate as the Zimbabwean Dollars
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cry.gif cry.gif
lastime rm1 can get rmb 2.0 -2.10
this 2 mths drop to rmb 1.99, 1.98, 1.97, 1.96, 1.95 ...... 1.90, and now 1.88x !!!! ( is international rate, not yet included handling fees / middle man / bank charge fees yet) if included charges / fees, lagi low
everyday rate is getting lower than yesterday. i dunno wan to buy or how already.... (i still left not much rmb, maybe can sustain few weeks) T.T
buy or not buy.... headache doh.gif sweat.gif

This post has been edited by pretty~: Jul 31 2013, 04:03 PM
cloudwan0
post Jul 31 2013, 04:22 PM

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QUOTE(Vinspire @ Jul 28 2013, 02:08 PM)
Is the economy really going down? I heard people telling me the economy is slowing down since 5 yrs ago but yet I still see people buying.

Look at the minion frenzy & look at the que in burger labs for example. If the economy is so bad, then why people still go to expensive fine dining and can afford buying those iphone, s3, s4, s5?
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those queue up and buy are all young ppl still using their parent's $ or they dont have a family to feed.

QUOTE(pisces88 @ Jul 31 2013, 08:48 AM)
a recent property launch showed that 90% units are booked in the 1st week. 600k condo. Mostly bought by young malaysians. Slowdown apa
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low down payment(RM1000~RM5000), free s&p and only start payment after finish construction, sure a lot of ppl buy lah.
try go and see how many of the buyer is over 40, and how many of them are m'sian, how many of them is using their own money not their parent's $ to pay.
i have a lot of frnd buying, most of them are using parent's $

pisces88
post Jul 31 2013, 04:25 PM

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QUOTE(cloudwan0 @ Jul 31 2013, 04:22 PM)
those queue up and buy are all young ppl still using their parent's $ or they dont have a family to feed.
low down payment(RM1000~RM5000), free s&p and only start payment after finish construction, sure a lot of ppl buy lah.
try go and see how many of the buyer is over 40, and how many of them are m'sian, how many of them is using their own money not their parent's $ to pay.
i have a lot of frnd buying, most of them are using parent's $
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a 20+ year old with savings of 35k should be able to have 1 unit already. most condos nowadays only need less than 30k downpayment. smile.gif

ur friends very teruk la, use parents money.. or is it the parents use the sons n daughters name to buy? coz can get longer loan, up to 35 years. icon_idea.gif
SUSmeistsh_musical
post Jul 31 2013, 04:27 PM

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thank for BN haha
cloudwan0
post Jul 31 2013, 04:31 PM

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QUOTE(pisces88 @ Jul 31 2013, 04:25 PM)
a 20+ year old with savings of 35k should be able to have 1 unit already. most condos nowadays only need less than 30k downpayment.  smile.gif

ur friends very teruk la, use parents money.. or is it the parents use the sons n daughters name to buy? coz can get longer loan, up to 35 years.  icon_idea.gif
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bro, try go and ask all ur frnd who are 20+ see who got more than RM10k+ in bank.
the ans will be lower than 10%
no CC debt consider good edi, still thinking they can have RM10k+ in bank

try calculate how much u need to survive in kl every month and minus the average salary, see how many still left for saving
Hunakadoo
post Jul 31 2013, 04:32 PM

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QUOTE(pretty~ @ Jul 31 2013, 04:03 PM)
cry.gif  cry.gif
lastime rm1 can get rmb 2.0 -2.10
this 2 mths drop to rmb 1.99, 1.98, 1.97, 1.96, 1.95 ...... 1.90, and now 1.88x !!!! ( is international rate, not yet included handling fees / middle man / bank charge fees yet) if included charges / fees, lagi low
everyday rate is getting lower than yesterday. i dunno wan to buy or how already.... (i still left not much rmb, maybe can sustain few weeks) T.T
buy or not buy.... headache  doh.gif  sweat.gif
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same , i'm very headache with it . now i've stop for awhile already . wait another month to see what's going on with ringgit again ...
now 1.88 , is wayyyy too low ....
t3arsCulprit
post Jul 31 2013, 04:32 PM

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QUOTE(McFcker @ Jul 31 2013, 08:44 AM)
thumbup.gif  tengok cafes, food places if economy going down still those places flooded with people even if the food or drinks cause more then RM10 each  hmm.gif
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Those young pipul havent earn money but all go to expendesive restaurant makan.. Swipe credit card but it was a sub card from their parents..

Or should I say mostly young working adults nowadays spend beyond their means??

This is what we call bad financial planning.. I can see their bank account is empty or near empty every end of the month and they have no savings at all.. icon_idea.gif
t3arsCulprit
post Jul 31 2013, 04:36 PM

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QUOTE(pisces88 @ Jul 31 2013, 04:25 PM)
a 20+ year old with savings of 35k should be able to have 1 unit already. most condos nowadays only need less than 30k downpayment.  smile.gif

ur friends very teruk la, use parents money.. or is it the parents use the sons n daughters name to buy? coz can get longer loan, up to 35 years.  icon_idea.gif
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That guy have good financial planning lor.. You thought it is easy to have 35k savings at 20+ of age nowadays??

I bet most young pipul nowadays have 0 savings laugh.gif
eddychstu
post Jul 31 2013, 04:36 PM

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http://www.theedgemalaysia.com/business-ne...-weakening.html
cloudwan0
post Jul 31 2013, 04:36 PM

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QUOTE(t3arsCulprit @ Jul 31 2013, 04:32 PM)
Those young pipul havent earn money but all go to expendesive restaurant makan.. Swipe credit card but it was a sub card from their parents..

Or should I say mostly young working adults nowadays spend beyond their means??

This is what we call bad financial planning.. I can see their bank account is empty or near empty every end of the month and they have no savings at all..  icon_idea.gif
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totally agree thumbup.gif
if you can access to bank negara system, u will know how many ppl own CC debts and paying the minimum payment
marsupilami
post Jul 31 2013, 04:37 PM

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my company business okay je, booming with projects

newly found field

more sweet crude
cloudwan0
post Jul 31 2013, 04:37 PM

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QUOTE(t3arsCulprit @ Jul 31 2013, 04:36 PM)
That guy have good financial planning lor.. You thought it is easy to have 35k savings at 20+ of age nowadays??

I bet most young pipul nowadays have 0 savings  laugh.gif
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thumbup.gif
pretty~
post Jul 31 2013, 04:46 PM

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my friend say todat klse drop 20 pts and RM drop coz fitch downgrade......
cham..... RMB.... buy or not buy? T.T
dunno can wait or not, buy liao scare up, no buy scare keep on drop >.<
seather
post Jul 31 2013, 04:49 PM

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QUOTE(pretty~ @ Jul 31 2013, 04:46 PM)
my friend say todat klse drop 20 pts and RM drop coz fitch downgrade......
cham..... RMB.... buy or not buy? T.T
dunno can wait or not, buy liao scare up, no buy scare keep on drop >.<
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Fitch didn't downgrade our rating

they just change the outlook from "stable" to "negative"... meaning there is a possible downgrade in the foreseeable future if our economy don't improve.

if downgrade... it wont be 20pts only...
SUSadvocado
post Jul 31 2013, 04:50 PM

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those agencies usually rate based on their own agendas.

for example if the finance minister says rm gonna rise, everybody will believe him & start buy rm.

2007 is a good example how rating companies screw everyone up.

QUOTE(Einjahr @ Jul 31 2013, 03:54 PM)
well fitsch ratings have revised Malaysia into negative territory, already it has spooked alot of people -Is this anything to worry about?
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