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Economy going down
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Boldnut
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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 one more cycle of crash? Oh yeah..... i rike it. ayam family is investor background » Click to show Spoiler - click again to hide... « honestly speaking, we should have keep Ringgit @ RM3.8 vs USD, may be shift to RM4 vs USD due to strong USD now
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Boldnut
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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+  weaker ringgit is better for business, u otak rosak ker? If I were PM, I set it @ RM4.
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Boldnut
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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 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.
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Boldnut
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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. 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.
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Boldnut
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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 lol berapa u gonna bribe me to burn the MY forrest?
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