Just prepare cash after this lor.. now a lot of young ppl so hardup to buy house. After this, a lot of companies are going to do badly. Many companies will cut down expenses and unemployment rate will go up. What do you think happens if unemployment goes up? people start to cut down expenses and spend less. Those who might lose their jobs cant sleep in peace every night cause they think about house loan, children's education, putting food on the table, etc. Mind you that the unemployment rate has been slowly creeping up even though our country is still having a comfortable GDP increment of 4.5%.

Imagine what happens if we have only a 1.2-2% GDP.. Our neighbours (Singapore,Thailand,India, etc) have all increased their interest rates to stem the flow of foreign money outflows. Bank Negara have not even started using interest rates to counter outflows yet. For people like you and me, it will be good if you have a lot of savings in the bank as banks are desperate for deposits and any increments in interest rates will see your deposits slowly grow. However, if you have a lot of debts compared to deposits and you still day dreaming.. better be careful, any increase in interest rates + unemployment + less bonus + less increment is going to be like a lawn mower, chewing you up on the inside..

Be prepared for even lower Ringgit devaluation in September on the possibility of US interest rate hike news. The only way to preserve the value of Ringgit is for BNM to hike interest rates. BNM has less than 100 billion USD left in foreign reserves. No way they wanna spend all their bullets.

Refer to http://www.theedgemarkets.com/en/article/b...k-us967-billion

My economist friend in Khazanah already confirms that property prices are going downwards the next few years. The incoming recession this round might be worst than 1997 as it will probably last almost a decade.

With the increasing possibility of lower employment rates and business sentiment, many people are cutting down on unnecessary expenditure and companies are lowering their forecast. Commodity prices are trending downwards and will likely stay low for the moment whereas our country's debt remain high. 1MDB alone generates 5 million in interest rates a day. Not sure if our country can continue to service the federal debt in the long term if business is bad. Foreign outflow just contributes more to the "morale" and worsening business sentiment. Hopefully Bank Negara will do something soon.

Good luck have fun guys.

Heys, actually, I've already disposed all my shares early this year. I don't mind not making these few months cause parking everything in PBB's FD is safe and risk free. True enough, market went down by so much. I'm targetting 1k-1.2k in Bursa index.

Propertywise, 2017 will be good to buy, as 2013 was our peak and many of the launches are expected to be completed in 2016. However, I'll have to buy next year, might lose a bit but because I have no choice (due to personal reasons).

Let's just say, I got very strong reason to believe that market go down the next few years. Sorry, can't reveal my sources, but my contacts come from one of the largest investment banks in the world.

Anyway enjoy the bumpy road downwards. See you guys at 1k-1.2k.

This round recession will be caused by China and not USA. China is repeating what US did last recession in 2008. Lowering interest rates, lowering the required amount to hold in banks, etc. No doubt US cant raise interest rates because of this, but Malaysia is caught between lower exports to China and currency devaluation. So lower currency is good for export, but sucks if we spend it overseas. Whereas, if the country wants to strengthen the economy, they have to raise interest rates to stamp the MYR devaluation.

Currently, I'm seeing MYR reach 4.5 against the USD over a medium period. Dont let those temporary rebound distract you. Luckily I bought some Euro and USD in hard currency when USD was 3.7. At least my next year's holiday wont feel so painful.

No doubt you can short during this period, but I'll just watch from the sideline. My CIMB trading account locked ady cause I pull out my cash earlier this year and havent log in to play shares (due to foreseeable crash that happened lately) and recently when I login again, I forgot my password and attempted to login 3 times wrongly LOL.