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.
a weaker currency ESPECIALLY helps weaker (ones which depend on basic goods) economies. if you export homogenous commodities, and you quote your prices in a weak ringgit, arbitrageurs will make sure that you capture that demand. 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.
hell, even the us and china are still poking each other about currency rates. when the top two economies care for what you say is a 'crutch', then either all the economists and economic planners from china and the usa or you, someone has to change their views.
Jul 3 2013, 10:52 PM
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