Dun think will b so fast as they have energy assets, land in strategic locations n etc
Buyers oso need time to perform dd too

In the few years, mys GDP growth especially in property sector was partly fuelled by debts.

This is pure finance section, political nor conspiracy theory is not welcomed.

Ty.

The situation now is USD strong + RM weak.

Purely on USD strong factor without Rm own weakness, RM properly should be around RM3.70~3.90 in tandem with regional currency.

Just like what happened during 2008, whereby during the global financial crisis, USD being highly chased after time (USD strong) , USD/RM at one time went to around RM3.70.

Just need to look from a basket of currency and compared with regional currency and compared it with USD, then we already can know it is purely USD strength or own currency weakness.

3.90 will put the rm as good (or bad) as the thai baht - thailand benefit hugely from cheap oil, big tourist $ but also high debt levels.

i think closer to rupiah. indon has similar major exports like palm oil but much lower debt.

i'll say 4.00-4.10 if investor confidence returns to "normal".

This post has been edited by AVFAN: Sep 22 2015, 04:26 PM

that is well known.

not only props but car loans, credit cards and personal loans for furniture, weddings, tv's, ipads, holidays.

and you keep hearing, "what's wrong with incr debt as long as gdp grows".

so, here we are - the rm falls hard when the wind blows.



as we speak, 4.300.

This post has been edited by AVFAN: Sep 22 2015, 04:38 PM

"Feed people with debt" is a doctrine to make people on the street feel prosperous. By the time these people realized will be like frog in boiling water.

This post has been edited by icemanfx: Sep 22 2015, 05:08 PM

No lah. Still concern of what I have. I treat myself as the guardian of the investment. So I have the responsibility to preserve for my next generation and my staff. While enjoying as much as I could at the same time. For my business, I still need to be "motivated" because of the staff. If I am contented, my staff will not progress and make more money too. So the urge, pressure and motivation to make more money is still there. Although semi-retired, different people around me are still pushing me to charge forward

Knowledge is never too much to learn. I can learn a lot from many people here - their investment knowledge, their thinking and the attitude. I can see many right attitude and motivated people here, as well as a few negative and pessimistic people

When you reach my age, then you will know less is more. And money is not everything. But the circumstances may not permit you to step back or go slower. You will feel the true meaning of 人在江湖身不由己

1.00 USD = 4.28 MYR

1.00 SGD = 3.02 MYR

International Reserves of Bank Negara Malaysia as at 15 September 2015 The international reserves of Bank Negara Malaysia amounted to RM360.1 billion (equivalent to USD95.3 billion) as at 15 September 2015. The reserves position is sufficient to finance 7.3 months of retained imports and is 1.1 times the short-term external debt.



This post has been edited by anudora: Sep 22 2015, 07:47 PM

Hansel,

<<the prop flippers can do a cutloss>>

1) You are assuming that the flipper is not over-leverage.

2) You are assuming that there are buyers. In a severe crash, the property price is going down every day. So, why would people buy even if they have money?? They would get a better deal by waiting.

3) Bank will stop loaning money due to NPL problem.

<<LIke I said, it is not too late if the clamp has not been made to movement of funds.>>

4) That was imposed in 97/98. It had happened before.

Over the past few Malaysia crashes, Malaysia's economy was bailed out by Oil Money. Malaysia did not pursue economy reform. The economy fundamental is progressing getting worse.

5) Even before the crash and record oil price, there is not enough Oil Money for THE GOVERNMENT to spend. So, THE GOVERNMENT's debt increase by 40 to 50 billions per year over the last few years. Now, people are assuming that there are Extra Oil Money to bail Malaysia out again if the crash happen??

6) Can Malaysia recover from the next crash without Extra Oil Money?? If you believe yes, I wish you best of luck.

Dreamer

https://forum.lowyat.net/topic/3374996

P.S.: For people that are interested, you can check out above for the information that indicate THE GOVERNMENT is running out of Oil Money.

This post has been edited by dreamer101: Sep 22 2015, 09:09 PM

Reserves increased by USD0.60 billion as compared to 28/8 position
Will MYR start to appreciate tmrw?

About 90% of bnm foreign reserve is from short term external debt.

This post has been edited by icemanfx: Sep 22 2015, 09:49 PM

The statement is not quite correct.

BNM doesn't borrow foreign money itself to have foreign currency reserves.

It just means BNM foreign currency reserves is sufficient to fund the short term external debts that may needed by various parties in Malaysia be it gov or whatever entity.

I think malaysian will get use to 4.6 if it ever happen. Nothing much to worry its just imho malaysian haven't got use to it. Hkd is even worst at 7++ and I never hear them complain about it since they got so use to it. I think the same will happen once 4.6 or 5.2 as taken hold for 1 or two years then everything will be back to normal.

Should be good news right that BNM Reserves increased by USD0.60 billion compared to 28 Aug?

org miskin 1M nak komplain apa pulak

Do you even understand that whether a currency is valued at 10 or 100 to the USD is irrelevant? It is the purchasing power. You might as well say Japanese are coping well at 120 yen to dollar so no problem even if ringgit falls to that level.

brazil is not msia, but is a good case study.

BRIC - brazil, russia, india, china - the darlings of emerging markets.

well, the brazilian real fell off a cliff against the usd.

what does a country experience in a situation like that?

austerity, hike taxes, cut spending, plug the budget deficit.

plus contracting economy, high inflation, perception of debt default.

again, this is BRAZIL, a good read about the very serious problems that can come with ultra weak currency, high debts, massive corruption:


This post has been edited by AVFAN: Sep 22 2015, 11:28 PM

Nigeria Defies Calls to Devalue as It Keeps Key Rate at 13%
http://www.bloomberg.com/news/articles/201...est-rate-at-13-

Will M'sia use the same strategy?