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> Economy going down

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Boldnut
post Jul 3 2013, 09:10 PM

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QUOTE(ash tray @ Jul 3 2013, 09:07 PM)
I do not play stock, but according to some of my friends whose companies are listed on KLSE they are telling me that a crunch is in the making
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one more cycle of crash? Oh yeah..... i rike it. brows.gif

ayam family is investor background brows.gif

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Boldnut
post Jul 3 2013, 09:38 PM

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QUOTE(kopiPeng @ Jul 3 2013, 09:28 PM)
True Story, As you can see Malaysia Ringgit is getting weaker and weaker..... USD-RM now is RM3.2+  shakehead.gif
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weaker ringgit is better for business, u otak rosak ker?

If I were PM, I set it @ RM4.

Boldnut
post Jul 3 2013, 09:47 PM

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QUOTE(kopiPeng @ Jul 3 2013, 09:45 PM)
Yala.. now ringgit already weaker, but many business sales still goes down.. U know what happen la
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baru weak 2 minggu, economy takes months to see one.

Faster set RM4 lah. Sure a lot of business unker enjoice one cos can export order a lot.

Boldnut
post Jul 3 2013, 10:12 PM

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QUOTE(Dorky @ Jul 3 2013, 09:58 PM)
Weak ringgit is because of weak economy, not that the weak ringgit will help the already-weakened economy.
Only a strong ringgit is favorable.
Ask yourself which is better, walking with a clutch or without one?
Only if you're a handicap will you need a clutch.
Similarly only an already-weakened economy will require a weak ringgit.
If the economy is already weak, it will still not serve you any way positively with weaker ringgit.
A weaker ringgit can only lessen the pain, and not there to help the economy.
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it is a very effective way to fix the economy. China Yuan has been devalued for many years. Japan are actively devaluing their yen.

We have large % of foreigners working + filling on millions of job that local will not do due to too low salary. A weak RM will make foreign worker expensive and make the local one cheap. More job opportunity + higher pay also mean local will spend more on local retail shop = also drive business up.
Boldnut
post Jul 4 2013, 09:02 AM

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QUOTE(FrostLance @ Jul 4 2013, 12:54 AM)
Business as usual for me, heck even more clients than normal thanks to the haze
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lol berapa u gonna bribe me to burn the MY forrest? brows.gif


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