like i said (or joke), do some major shopping now!

looking at the prices of the restaurant and grocery store last 2 days, some prices have already been revised up.

100% imported stuff even with zero gst like aussie beef already up 15%.

a lot more to come.

in the baht crisis of 1997, it wasn't just the liquid assets but the hard ones too - buildings, land, factories, whole biz.

it was after the crisis that many MNC's in emerging markets no longer want to own buildings and land but just rent.

this time, here... may be more stable - less of that plus china is likely to hold on to what it paid for recently or going to pay.
ASX... not sure if i read correctly..?.. in one recent bloomberg report, it cited even bumis are now selling - to cope with rising cost of living and debt. do google...

well economically Malaysia is doing OK

But there is just a crisis of CONFIDENCE

QUOTE(AVFAN @ Nov 18 2016, 10:49 AM)
the $ is ALWAYS driving all other currencies - biggest open economy, world trade denomination.

YEN never had the ambition to exert more influence.

EURO and RMB were supposed to take over some influence from $ but there was Grexit, Brexit, China not ready.

all the rest are small fry.
the "defence" seen now is only tactical and limited in effect.

if anything to draw from the thai baht collapse in 1997, it is impt not to let confidence erode some more as to spark private/foreigner selling of assets and intensified capital flight.

and that can only be achieved by the world seeing good governance, honesty and integrity.

now, that is not forthcoming, is it?!

relax guys

things will settle after donald trump took office...

it's just uncertainty...

some of our brightest politicians will say, "not the worst, we are better than mexico and south africa la...

Bnm could officially ignore ndf. However, foreign investors couldn't ignore the margin between ndf and onshore rate. If margin widen or high for extended period may prompt them to exit mgs for safety pastures.

if this is true, PARIAH in the making.

Will Bank Negara increase interest rate tomorrow
http://www.thestar.com.my/business/busines...eting-tomorrow/

Most if not all property investors have gold and silver mountains backing; interest increment won't be enough to cover a family dimsum or wanton mee lunch. Further, kangkong land economy is resilient. 25 or 50 basis points increment will be hardly felt.

Bnm last cut of 25 basis points was hardly felt by the market. Similarly, for 25 basis points increase.

About half...

So, with 70% still in RM and 30% overseas, I am curious whether you hope RM strengthen or weaken?   Do you hope for RM to strengthen to convert more but your existing foreign portfolio paper gains shrink in RM terms OR you prefer RM to weaken further and never look back so that your 30% foreign investment will have substantial paper gain and possibly permanent forex gain if RM never appreciate again?

same old, same old... rising $, weak RMB, low oil price... all external, can't control, not too bad.

oil price up 8%.

RM still 4.46x.

looks like oil price has become moot!
why some are saying RM is strengthening??

The current 10 yrs MGS yield of 4.35% is simply irresistible for foreigners

analysts and forecasters do what they do for a job or an income.

that's just what it is - predictions, nothing more.

that guy, he's the owner of his own firm, said this 6 and 9 months ago:

that will take some special clandestine skill, doesn't it?!
anyway, speculation is this bank has given up becos "can buy, cannot sell".

To do that have to open foreign currency account. Also terminate FD, no dough. 

Now really looking at investing in some foreign currencies including foreign retail bonds. Planning now for early Jan actions.