In its Asia Pacific Economic Research report today, JP Morgan warns that a slowdown in China trade could affect commodity exporters to China, like Malaysia, Indonesia and Thailand.

Five-year credit-default swaps protecting sovereign notes climbed as much as 12 basis points in July to 148 after the Wall Street Journal reported last week that $700 million of a state investment company’s funds may have ended up in Najib’s bank accounts, a claim he is disputing. The contracts could rise toward 200, a level last seen in 2011, according to Macquarie Bank Ltd.

Don't curse me-lah. I am still topping up my China linked funds. 

But I have no wrap account. So I have to do the poor man's version of the wrap account to avoid paying the sales charges. The transactions are still "hanging" in cyberspace.

GREECE BAILOUT YEAY

Fly me to the moon , let me play in eurozone

China's economic growth is forecast to be the weakest since the global financial crisis in the second quarter, which together with a stock market rout raises pressure on authorities to do more despite little pay-off so far from a run of stimulus steps.

Lay man assessment of the current global market:-

1.  Europe and Japan are relatively cheaper in valuation and worth buying in?

2.  US market is still relatively expensive. Not worth buying in?

3.  China market will rebound in the short run and then resume its market correction for the mid-term.

4.  Malaysian market will resume its slow bleed until the end of 2015. Worth buying some for long term investment?

5.  To keep more in fixed income/cash to take advantage of opportunities of the volatile markets?

Note :  The Malaysian market is like the boiling frog story. This is an anecdote describing a frog slowly being boiled alive. The premise is that if a frog is placed in boiling water, it will jump out, but if it is placed in cold water that is slowly heated, it will not perceive the danger and will be cooked to death. In this context, the Malaysian market is declining slowly but surely, i.e. a slow boil.

In contrast, the Shanghai market is like putting a frog into boiling water. The frog will jump out immediately because the market fell 30% in one month.

Greek Bailout Approved

Awaiting ECB  to pump-in money

  alamak...from the mouth of a remisier...
“I try to hold on to more cash and I don’t really invest in the market now. As long as the 1MDB issue does not have a clear outcome, I guess investors won’t have confidence in the local market,” said John Ang, a remisier with a local bank.
‘Cash is king’ as Malaysian investors switch gameplans to deal with bearish market
- See more at: http://www.themalaymailonline.com/malaysia...h.IIz4Y2SL.dpuf

http://www.therakyatpost.com/business/2015...s-europe-sales/

A blow to Singapore is a blow to Johor/Malaysia...

thread is so dead today