Stock market trader fear not whether the economy is going up or down, or going super up or super down.
Economy going down
Economy going down
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Jul 3 2013, 09:18 PM
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#1
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Stock market trader fear not whether the economy is going up or down, or going super up or super down.
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Jul 3 2013, 09:20 PM
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#2
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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 Credit crunch?Stock sell-down? If credit crunch, then normal. If stock sell-down, then your friend must be super rich and super high status (to have the privilege to receive such news, provided it is real news and not fake). |
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Jul 3 2013, 09:58 PM
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#3
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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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Jul 3 2013, 10:00 PM
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#4
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If the global economy is already weak, people will still cut down on spending despite weaker ringgit.
Don't fool yourself that with weaker ringgit means your order book will fatten up. |
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Jul 3 2013, 10:04 PM
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#5
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Jul 3 2013, 10:07 PM
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#6
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Someone has pointed out before that the yen is actually more valued than the ringgit. It was because of some accounting that the yen is in multiple digit.
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Jul 3 2013, 10:13 PM
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#7
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QUOTE(ash tray @ Jul 3 2013, 10:08 PM) QUOTE(Dorky @ Jul 3 2013, 10:07 PM) Someone has pointed out before that the yen is actually more valued than the ringgit. It was because of some accounting that the yen is in multiple digit. Ask yourself why would foreigners buy Malaysian goods?Just because of cheap RM? Really? I mean, really? A currency is in demand because the country can provide what is needed by foreign demand, not because of cheap stuff unless you're talking about commodities. Hi-tech stuff like those provided by Japan and European countries like Germany make their currencies stronger. Euro is still strong because Germany is backing up the currency. If German leaves the EU, the Euro will collapse into worthlessness. |
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Jul 3 2013, 10:14 PM
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#8
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QUOTE(Boldnut @ Jul 3 2013, 10:12 PM) it is a very effective way to fix the economy. China Yuan has been devalued for many years. Japan are actively devaluing their yen. You're looking from a very short-term and narrow perspective.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. This post has been edited by Dorky: Jul 3 2013, 10:15 PM |
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Jul 3 2013, 10:23 PM
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#9
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QUOTE(ash tray @ Jul 3 2013, 10:19 PM) the worth of a nation's currency is important Wealth does not last 3 generations.however, in the case for malaysia, the worth of rm is not that important, because, no matter how cheap rm gets, or how expensive rm becomes, if malaysia does not get its act together, all of us will suffer business people like me can move out, after all, for us, we can do business in malaysia, we can also do business in thailand or in angola it is you guys, the salary man and the civil servants who will bear the brunt Destiny can change within 1 generation. |
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Jul 3 2013, 10:26 PM
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#10
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QUOTE(meistsh_musical @ Jul 3 2013, 10:20 PM) The Zeitgeist Movement describes itself as a sustainability advocacy group based on the belief that the "monetary-market" economy can be replaced with a system in which the Earth's resources are allocated by the scientific method.[5][vague] Members of the group believe in the elimination of money and private property.[6] Zeitgeist members say the current socioeconomic system is structurally corrupt and needs to be replaced with a system based on efficient and careful resource use through the technological potential of sustainable development.[7][8][9] The Zeitgeist group advocates renewable energy and computerized automatic systems on a global scale to provide free food and other necessities and perform most of the resource allocation. [6][9] I also share such vision, but originally from my own insight.Last time when I shared such vision I was labeled as some communist/socialist. I think the Zeitgeist movement works because it sounded scientifically/technologically efficient, although the main driving force is about sharing/equality. |
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Jul 3 2013, 10:32 PM
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#11
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QUOTE(ash tray @ Jul 3 2013, 10:26 PM) you are quoting cliches As long as you really understand my message is already good enough.try saying something that is original wealth does last for many generations - wealth, in terms of knowledge the jews have it the cainis have it the japanese have it I can be 200% original if I wanted to but so what? |
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Jul 3 2013, 10:35 PM
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#12
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QUOTE(meistsh_musical @ Jul 3 2013, 10:29 PM) but there still have a disadvantage too people tend to be lazy, and only depend a stronger and hard-worker. and more go on Such vision/system would not work if the population remain lazy, couldn't care less, don't give a damn, parasitic, selfish, etc. It's too bad that human nature is like this, and thus needs to have hell and chaos as forced evolution. |
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Jul 3 2013, 10:42 PM
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#13
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QUOTE(ash tray @ Jul 3 2013, 10:30 PM) socialism does not work If human nature is selfish and evil, all system will be abused and corrupted. No system no matter how good will be save.capitalism is the most effective system there is - until some other new thoughts (not half baked ones) emerge one will work when one is hungry one will work very hard when one has an urge to go ahead but if you feed someone without having that person to do any work, do you think that someone will want to work? malaysia is filled with a special type of "without tongkat kenot do anything" kind of people (i do not mean the meleis, i mean the arm no pu te ras) --- they are well fed, they are well clothed, they are well sheltered, and they do not have to work hard day in, day out, they demand more and more tongkat If human nature is selfless, caring and kind, no system whatsoever is needed. |
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Jul 3 2013, 10:53 PM
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#14
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QUOTE(ash tray @ Jul 3 2013, 10:47 PM) 99.9999999999% of any human's lifespan is used on doing things for oneself That is why there is a very beautiful Christian parable about a person being taken on a tour to hell and heaven by an angel and he was shown people in hell suffer because they are all lacking but only think of helping themselves but in heaven everyone enjoy despite equally lacking but because they think of helping each others. Simple parable and simple lesson. But nobody give a hoot to understand and reflect on it. A hamsap lou (lewd guy) will brush such thing aside and continue with his hamsap activity. An unscrupulous bizmen will brush such thing aside and continue with his unscrupulous biz cheating activity. So when you have hamsap lou continue to be hamsap, unscrupulous bizmen continue to be unscrupulous, and corrupt politician continue to be corrupt, and ultimately find no peace and everyone suffers, who is actually qualified (sin-free) to do the blame game?when you get hungry, will you go feed someone else or will you feed yourself first ? when you are cold, will you put more clothing on yourself or will you give the clothing to other ppl ? if you see a leng loi, and like her, do you think of "how I can get her" or do you think of "how to get that leng loi for my best friend" ? if you see someone taking your money, do you stop them from doing so, or do you tell them that, over there, i got even more money, please enjoy yourself, go get more ? |
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Jul 3 2013, 10:57 PM
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#15
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If being selfish is truly valid, then it would be very easy for me.
I would kill you and then use selfishness as justification. And if I have power, I will enforce such justification. But of course if you're the victim, you will say I am wrong and evil. That's obvious, because selfishness is never valid. |
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Jul 3 2013, 11:01 PM
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#16
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QUOTE(ash tray @ Jul 3 2013, 10:57 PM) In reality, everyone is foolish and deluded.In reality, everyone would see himself as above average. In reality, everyone would see himself as "I am more right/better than you." In reality, a valid solution will be provided but no one will take it and instead go for "intoxication" to intensify the problem. |
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Jul 3 2013, 11:05 PM
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#17
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In reality, I will kill you or rob you blind and say I am right and I will continue doing so until I either get killed or robbed by you in return or die by natural death.
In reality, you will kill me and say you yourself is right and you will continue doing so until you either get killed or robbed by me or die by natural death. In reality, I will say I am always right and you will also do the same. In reality, we are both idiots. |
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Jul 3 2013, 11:07 PM
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#18
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QUOTE(ash tray @ Jul 3 2013, 11:04 PM) selfishness is not valid, but validity has nothing to do with the reality By your own, you should already have the answer.one can not be totally un-selfish, or one would end up dead case in point : on a boat there are 3 people you your mom and a stranger suddenly the boat starts sinking and you can only save one person (other than yourself) let us be truthful now ... will you save your mom or that stranger ? Being selfish, you will have an answer. Being selfless, you will have another answer. Being wise, you will have yet another answer. |
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Jul 3 2013, 11:09 PM
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#19
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Jul 3 2013, 11:12 PM
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#20
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QUOTE(ash tray @ Jul 3 2013, 11:10 PM) Then tell me how can you and your mom got onto a boat with a total stranger in the first place?Or maybe structure the question differently. Your mom is a murderer and a good samaritan are drowning, who will you save? Your murderer mom or the good samaritan stranger? |
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