I no balls. I will stay away in the meantime first

Want to bet 3 x ?

Rates at 4.00pm Friday vs rates at 10.00am Monday

With oil still around $45, RM appreciate from 4.28/4.29 to 4.22/4.23 today. I think they already pricing in goodies in budget 2016

No major surprises in the budget to prop up RM. They still spend like before. No major effort to save RM demonstrated.

Don't need to wait for Monday You get the 3

The feeling I get is they still are complacent with the situation and do not see the urgency. They even sound proud of the GST covering the short fall with no slight gratefulness to the GST payers Ie. They claimed credit for implementing GST instead of thanking the whole nation for paying GST and contributing to nation building

The only word I can think of is "merciless"

InB4 unker will wake up and say what he always say

I think that is their fall back. If finances deteriorate in the future, then they always have this ace in their cards. 6% is still relatively low compare to some countries which mostly in the 10+%. Some as high as 20+%.

Raising the GST 3 times to 18% will practically solve all financing problem (instead of reducing spending)

Full year is estimated to be RM39b as reported. So every +1% would be additional RM6.5b. Just +5% GST, the government will get another Petronas giving them >RM30b. +10% will give them 2 Petronas ! Even Petronas is bankrupt, so what !

That's why he said Malaysia is never a failed state. Like unker said, don't worry, be happy !

Statistics : 6% GST introduced in 2015. GDP growth was affected only <1%, and that was due to China slowdown and low oil price, not GST

Of course there will not be suicidal 1 time 10% increase. They are stupid, but not that stupid. It will be increase 1-2% bit by bit each time depending on situation.

RM no more close correlation to oil price ?

Oil price is down now, but RM is holding up well

Past week oil price come down from ~48 to ~43, but RM still around the same

3 weeks ago oil ~50, RM was up back to 4.0xxx

If yellen is a man, then I would describe her as "Bo LP"

This Auntie Yellen too undecided. With only 0.25% or even lower, I bet people are over reacting. People will adjust to the slow rising effect back up to those normal 4-5% rates. Not like they never experience normal interest rate regime before...

Just like bungee jumping, before the plunge, like so big deal. After jumping for a few times, its nothing

Aunty Yellen is now standing at the bungee platform for the first time

This thread has been very quiet compare to previously.

It could be everyone here are holding USD and hope it goes to 5.00

Now that it went opposite, we all gone quiet

My time when still a kid, nasi lemak 10 sen 1 packet wrapped in banana leaf and telephone directory paper, chicken rice 30 sen (rice+cucumber only, cannot afford chicken), wantan mee also same price I think. Never eat chapfan, bakuteh or steak. I thought they are non-existance or only for rich people

I am more unker than you


Live rate now 4.3995

Ya, I lived in a kampung. Play football sepak takraw katak kutu guli with malay indian chinese. Never occur to me we are different

I remember a labourer earn RM30/month and can raise a family

USD did not rise as much as anticipated despite the higher probability of rates increase in December. Maybe Aunty has cried wolf too many times until market is skeptical about her decisiveness ?

Could be. But if we look at USD/Eur, USD/GBP or USD/JPY during 1 year peak in Mar/Apr, it is still lower now.

But as much as I can "justify/reasoning out", most of the time market has its own unpredictable trend

Ya, still so much uncertainty on what is going to happen now till Dec. Market can only "price in" to a certain level, because there are people who still gamble rates could not be hiked this year. I still think "pricing in" is not possible now because of our Aunty's past behaviour. A December hike is still a surprise to half of the market and will rattle stock and bond markets with the formal announcement.