If I don't put in my signature, everyone forget already

I think unker will lose. Because unty will not increase rates. ASx people is not dumb after all. In fact if RM stay below 4.40, it was a good decision not to convert to USD at that time

Neither. I will convert to SGD and transfer to Singapore and put in SGX when those bank stock/telco/reits fall further

All these using RM50k ?

Following the "rumours" last time, the update says the "domestic issues" will be solved by 1H16 when "the company" passes the debt to other companies and wind down the exposure. This is the only worry by foreign funds now. Other fundamentals like current account, budget deficit, inflation, unemployment, etc will go back to the "old normal". By then, RM will back to stable like past few years and only the usual external factors like oil price, USD rates hike, Euro/Japan/China QE will affect the RM drastically

The above is from my "source", who predicted <4.00 by 1H16. Sounds plausible to me

He told me that is the single most important issue to solve now. And they are facing a "do or die" maneuver because "someone" is chasing them hot on their arse. Foreign funds and rating agencies do not care about other "domestic issues" like 2.6b, but this "systematic threat" to them will affect the whole financial system.

Yes, "the company" will eventually be downsizing, make some decent profits and is asset rich instead of deep in debt after the restructuring

I believe there will be other new issues crop up after the conclusion of this episode. Which will bring up a new set of drama. Until then, it will be a big sigh of relieve for everyone

Don't know leh....I think Fed rates hike and oil price will still affect the RM very much. According to my source, the restructuring will be done, just a matter of time. If he is true, then RM will be back to <4.00, all else being equal

With the recent obvious government moves to cut down subsidies, mooting GST rate increase, tol rates, sin taxes rise and all those unpopular policies, they seemed to be more interested to please the foreign funds and rating agencies than their voters. Maybe they think there is still time before the next election

If all these are taken into account, I think RM will not be worse off than now

1st Half 2016

Its "the company" everybody (including you) is talking about now

Exactly. They cannot afford a rating downgrade. A rough calculation - interest cost will be RM6b for every 1% (assuming RM600b debt). If MGS become junks, then it could be 6-8% (?) difference from now

The effect to the economy will definitely bring them down from power

The pressure from foreign funds and rating agencies is definitely greater than their rural voters

If you can think of this, so will they

They are not sochai. In fact they are very smart. In the sense that they know who matters the most to them

Contrary to most of us believe, "his" position is very secured. No one can touch him now. He actually sleeps very soundly at night. He has his grassroot firmly behind his back. Depending on the situation closer to GE14, he can choose to continue or pass the baton to his own people. He can "cross control" them just in case any one of them go against his will, one can replace the other. He already has this plan B. If he thinks the 2.6 issue fades away before 2018, then he will carry on with the desired plan A

Now all he needs to do is manage the "elders" and "foreign funds and credit agencies". Urban voters is the least of his worries. Tol will not affect them. Subsidies like petrol, rice, electricity etc can be reimburse through brim. Whereas GST increase will make the credit agencies happy

Looking at his position and what he can do, RM appreciation will be the by product

Yes, the sh*t is caused by the demi god, and must be solved by the demi god

Looks like it. He plays the game very well

Look at the 10 year AUD/MYR chart. You are still below the highs between 2009-2013. RM strengthen only since 2013-2015. Aussie dollar is still relatively low compare to US$/SGD/RMB/GBP

Bersyukur

Actually both countries are affected by commodity prices. Both currencies closely move in roughly same direction. Maybe affected by data such as the recent job creation numbers or political deveopment

I would prefer AUD to RM over long term. But because of the tax laws, investments other than own stay residence in Australia is putting me off

Agree. I remember a few months back in my reply to you about USD/AUD/GBP/SGD which is better, I said I would rather put my investment funds in SGD on Singapore soil. But if only have the choice of AUD vs RM over long term, I would choose AUD

Convert to SGD for FD interest would definitely give low return. Have to take more risk like stock market to achieve higher returns

Possibilities are always there. Maybe when a new government is voted in and the new people are not tried and tested and screw up the whole economy ?

The screw up in msia/rm is happening right before our eyes

So if there is a new government in Singapore, I will flee

Am surprised RM is holding up well even when WTI is 41.xx now. Not bad...