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> Our PM is also our Finance Minister, just in case you forgot

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TSSeager
post Aug 14 2013, 07:31 PM, updated 13y ago

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user posted image

Sos muka buku

whistling.gif

This post has been edited by Seager: Aug 14 2013, 07:38 PM
forks
post Aug 14 2013, 07:35 PM

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why not USD? we pay import/debt using SGD ka?

This post has been edited by forks: Aug 14 2013, 07:36 PM
SUSsharpex
post Aug 14 2013, 07:37 PM

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sgd kukuh atau rm merundum atau usd stabil? ini pusing putar alam?
arrowhead7372
post Aug 14 2013, 07:39 PM

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apa boleh kita buat?

all out of our control
SUSmeistsh_musical
post Aug 14 2013, 07:41 PM

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his become finance minister becos his wife

so his can songlap more

inbef his a military minister and no happy on it
empyreal
post Aug 14 2013, 07:42 PM

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If public spending didn't go up, gdp wouldve shrunk drastically, like sg's. Then instead of complaining about higher public debt, people will complain about falling gdp.
tropicanagolf
post Aug 14 2013, 07:42 PM

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It's not rm weak but sgd usd strong whistling.gif anyway a weaker rm is good for our economy since we are export driven whistling.gif oh please ignore that our trade surpluses fell by 50% whistling.gif
SUSryanliew87
post Aug 14 2013, 07:43 PM

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QUOTE(empyreal @ Aug 14 2013, 07:42 PM)
If public spending didn't go up, gdp wouldve shrunk drastically, like sg's. Then instead of complaining about higher public debt, people will complain about falling gdp.
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fail gomen......nuff said
Renekton
post Aug 14 2013, 07:44 PM

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QUOTE(empyreal @ Aug 14 2013, 07:42 PM)
If public spending didn't go up, gdp wouldve shrunk drastically, like sg's. Then instead of complaining about higher public debt, people will complain about falling gdp.
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this means public spending is used to compensate for our shrinking consumption/export/capital?
FLampard
post Aug 14 2013, 07:46 PM

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QUOTE(empyreal @ Aug 14 2013, 07:42 PM)
If public spending didn't go up, gdp wouldve shrunk drastically, like sg's. Then instead of complaining about higher public debt, people will complain about falling gdp.
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like wat Obama and Bush did. lets see how they ended up
TSSeager
post Aug 14 2013, 07:51 PM

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QUOTE(forks @ Aug 14 2013, 07:35 PM)
why not USD? we pay import/debt using SGD ka?
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Want me to compare with rupees?
forks
post Aug 14 2013, 07:55 PM

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QUOTE(Seager @ Aug 14 2013, 07:51 PM)
Want me to compare with rupees?
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economic sense doh.gif
empyreal
post Aug 14 2013, 08:01 PM

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QUOTE(Renekton @ Aug 14 2013, 07:44 PM)
this means public spending is used to compensate for our shrinking consumption/export/capital?
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Yep. Its basic keynesian. Govt spending replaces absent demand because if there's no demand, there's no growth, businesses fail, people get unemployed and the recession gets worst - like greece going into recession AND needing to cut spending and jobs.

QUOTE(FLampard @ Aug 14 2013, 07:46 PM)
like wat Obama and Bush did. lets see how they ended up
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On the contrary, the us and europe are cutting spending. What they're doing now is quantitative easing - printing money - which is not the same as public spending. Quite the opposite, in fact.
cukobi
post Aug 14 2013, 08:10 PM

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...dapat gaji pm and also finance minister... that's nice.. double payslip yo !
adix4
post Aug 14 2013, 08:17 PM

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how come larr DAP/PKR pipu always think that

SG increase = Malaysia teruk

Lol

Lol, never learn economy ke Anwar/Lim Guan Eng supporter?
sgwc
post Aug 14 2013, 08:22 PM

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I don't mind us having low rm value than any other currency. Maybe gomen is focusing more on exports than imports.

What worries me is our debt to gdp ratio. Almost 55% edi. Gomen can no longer borrow from the public so this indicates that we're going to have gst implemented.
cks2k2
post Aug 14 2013, 08:27 PM

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QUOTE(sgwc @ Aug 14 2013, 08:22 PM)
I don't mind us having low rm value than any other currency. Maybe gomen is focusing more on exports than imports.

What worries me is our debt to gdp ratio. Almost 55% edi. Gomen can no longer borrow from the public so this indicates that we're going to have gst implemented.
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the 55% thing is really just a govt created limit, which they can extend if need be.
Hunakadoo
post Aug 14 2013, 08:30 PM

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earn USD SGD the best , earn MYR everyday have to worry currency drop doh.gif
danabu
post Aug 14 2013, 08:33 PM

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QUOTE(forks @ Aug 14 2013, 07:55 PM)
economic sense doh.gif
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U should check what was RM vs USD in 1995, 1985, 1975..... then u know how smart are mereisia... whistling.gif
Hunakadoo
post Aug 14 2013, 08:38 PM

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QUOTE(adix4 @ Aug 14 2013, 08:17 PM)
how come larr DAP/PKR pipu always think that

SG increase = Malaysia teruk

Lol

Lol, never learn economy ke Anwar/Lim Guan Eng supporter?
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14/8/2013
usd to myr now is 3.27
sgd to myr now is 2.58
rmb to myr now is 0.54
euro to myr now is 4.34

1/5/2013
usd to myr was 2.98
sgd to myr was 2.39
rmb to myr was 0.49
euro to myr was 3.91

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