Why is that ?

1.00 USD = 4.38 MYR

1.00 SGD = 3.08 MYR

It's a sarcasm.

I am quitting my imports 4 good

Bye bye xbox

Bye bye zerolemon

And lastly

Bye bye GTX980TI

Gaaaah

beli barangan buatan malaysia bro. lol

Folks,

Do not keep all your eggs in one basket. That applies to USA too. Use ETF to invest the whole world.

Dreamer

This post has been edited by dreamer101: Sep 25 2015, 10:22 PM

Any chance for ah jib gor to meet xi da da jho low at nyc for a few billions $ deal?

This post has been edited by icemanfx: Sep 25 2015, 10:08 PM

the carnage for em currencies continue.

are the central banks of the worst hit countries doing anything?

yes - hike int rates, "increase onshore supply of dollars" (i wonder what that means??) and threat to use reserves to intervene. no one toyed with pegging so far.

well anything can happen.. endless possibilities

At the rate myr is depreciating, rate hike is almost a certainty. The question is how much is needed to stabilize the myr? 300 to 500 basis point?

At the rate myr is depreciating, rate hike is almost a certainty. The question is how much is needed to stabilize the myr? 300 to 500 basis point?

The lower the bnm foreign reserves, the higher the rate hike will be needed.




This post has been edited by icemanfx: Sep 26 2015, 01:45 AM

at least 300bp to have any meaningful impact under current conditions.

but that will surely strangle the economy, will take it to recession.

when zeti said, "Everyone has to adjust. Individuals need to learn how to conserve and economise", i think she is telling people to accept the rm depr, will not go away so easily, purchasing power reduced, get thrifty.

even if bnm hike rates, it will be small steps, 25bp, maybe 2-3 times.

so, i don't see how the rm can return to 4.0 or better anytime soon.

more likely a scenario of "do nothing" while the slide continues.

This post has been edited by AVFAN: Sep 26 2015, 03:32 AM

Full A score by famous big 3 debts credit rating companies in the world also cannot be TRUST ?
And yet many ppls here continue to believe 100% photoshop EDIT (with nice politic wordings) .

Fundamental or confidence level is more important.. Otherwise, it is just short term trader whom hope
for higher USD.. Don't get your fingers "BURN"

http://www.tradingeconomics.com/currencies
http://www.tradingeconomics.com/malaysia/rating
http://www.theguardian.com/technology/2015...p-image-editing

Have a great day and continue illustrate your minds through photoshop EDIT with great politic words.

http://www.themalaysianinsider.com/malaysi...ays-kadir-jasin

If what it says is true, then RM may have perpetual "potential" to go further...

Remember when RM hit RM3.80 many people think it would be the limit ? They waited and thinking "everything will be fine" but eventually RM fell further.

Same scenario again now. Is RM4.40 now be the new limit and "everything will be fine" again ?

that article, while being sarcastic or satirical, does point to the highest possibility outcome.

one can sing, shout and thump chests, whatever...

the rm has only one direction to go, at least for the foreseeable future.

we are at what we are with some headwind.

imagine what it will be if a global hurricane hits.

AVFAN,

If you believe that, then, your only possible conclusion is Malaysia's economy is heading toward a crash. The only question left is whether Malaysia's economy can recover from the crash without Extra Oil Money?? And, how long will it takes?? 3 years, 5 years, 10 years, 20 years, 30 years... For most people, 20 years or longer = never.

The other question that a person need to asked is

Are you PREPARED for a crash that takes X years to recover?? Whatever you believe X to be.

Dreamer

This post has been edited by dreamer101: Sep 26 2015, 08:50 PM

Unker, why you ask other people a time frame, when you yourself don't give a time frame when Malaysia economy is crashing ?

waiting for some show.

popcorn n soda ready

because unker's strategy is 'you will die. someday.' politician answer. stating the obvious but not what we want to hear

The golden question is " what can we do? "

Presume u have to work in Malaysia