if u read the bloomberg article i just posted, it says it all.
bnm basically killed NDF's, i.e. foreign investors hedging means.

who wants to bring in foreign money to invest and unable to hedge it?!

ok, bnm now says they may bring it back, somehow, some way.

call it kelam kabut or just too many holes not enough covers...



that fact is if u suck, maul or even rape an economy over decades, there is no easy way out like goons like to think.

the next couple of decades will be painful - for the young who will be burdened by debt and more debt and the old who keep losing purchasing power with their savings/pensions.

it's a zero sum game - some people took it, some will pay for it.

hmm...

i m not so sure about that.

if u read other sections, other threads, there r plenty of these goons trapped in a idiotically superior mindset - can steal, suck and plunder with no consequence since the chosen ones hv a right to that.

and these r the ones who keep m01 and thieves in power.

as if the world is theirs to reap.

can't confirm but i think sgd/rm just hit a new high of 3.17153.

u u keep waiting... why?!!!

ge14 can be held as late as june 2018, >1 year from now.

u or your parents may lose another 5% by then.

think again.



"i wait until xyz, then i buy" is not a good way.

if u REALLY want to buy, better "buy 1/2 now, buy 1/2 if it gets better".

unless, of course, u really do not actually want to buy, just thinking only...

This post has been edited by AVFAN: Mar 29 2017, 11:30 PM

of the 5, 3 of mean little since they do not have much trade with msia.

only china and india are impt.

msia top trading partners are, according to wiki:

Singapore 13.6%
China 12.6%
Japan 11.8%
United States 8.7%
Thailand 5.4%
Hong Kong 4.3%
India 4.2%
Australia 4.1% (2012 est.)

whether 5 years or 3 years or 1 year, RM lost big time to ALL of them.


latest..

.. south african rand becoming JUNK.
http://www.cnbc.com/2017/04/03/rand-tumble...ca-to-junk.html

.. SGD about to hit new high against RM.

This post has been edited by AVFAN: Apr 4 2017, 09:42 AM

after 144bil with china, another 157bil with india.

u wud think waa... we are so rich... RM sure shoot thru the roof.

but when?

where is the CASH?

is it coming in or going out?

http://www.freemalaysiatoday.com/category/...-rm157-billion/

u can be sure some lame menteli will say, "be happy, better than mighty russia, brazil or south africa".

but mum on the real trading partners - china, thailand, singapore, oz, etc.


really, with all the debt mounting and more to come, how can it ever strengthen?

even these farmers are now in huge debt. cpo hasn't been that bad, has it?



This post has been edited by AVFAN: Apr 4 2017, 04:48 PM

it's been a few months now since bnm crawlpegged at 4.45 to the $.

the $ is not always as mighty as it can be.

so, as the $ softens and the peg stays, the rm will lose against others.

it appears to me bnm/gomen is quite happy with a weak rm, may even want to see it even weaker.

there isn't any earthshaking thing shaping up to strengthen the rm at all.

so, the rm stays weak all round.

over time, the full effects will be felt and entrenched with all goods and services, local or imported as the biz community start raising prices to the full to keep margins and profits intact.

imo, our standard of living has been permanently downgraded.

then comes part2... Some close down, some continue. Loss of jobs, more br1m, more debt.

U remember there was a time, flippers were screaming even foreigners are buying.

Those foreign buyers now hit with a triple combo...

... hard to sell; no profit or loss; fx loss.

Cannot assume all foreign buyers are filthy rich.

Some were ill informed, or simply misled, maybe greedy.

Some of them will be hit, burned even.

And nobody likes losing wealth.

This post has been edited by AVFAN: Apr 5 2017, 05:56 PM

Only developers are still calling buy now.

Housing assocs, banks see a very weak prop sector coming.

Even menteli is telling people to rent, not buy.. well.. he knows peoples money is squeezeed like F.

NPLs, yet to see.

Anyone with a prop to,sell now will know, the rest is all hot air.

A weak RM works wonders for gomen while peoples income and savings get thrashed.

So, we got to see from diff perspectives.

Which is why, at the back of my mind, letting it slide or devalue to 5.0 may be perfect for the ones in power.

Now, just my thought.., dun quote me.

sdg... watch apr 13-14.

trump comment on $ sent it falling.

the pegged RM rm follows.

so, SGD, AUD, BAHT RMB all rising against RM.

good luck!

sg's mas stayed put, did nothing. so... biz as usual.

trump visiting china said "$ too strong"... markets react, $ dived.

but.. not total market think trump can drive the $ down just like that.

and there's the fed with plans to keep hiking rates.

so... opposing forces at work... we dun know how that will work out, still early days, never ending story...!

$ is not falling anymore now.

so, we'll see what we will see.

whatever it is... we know... SGD will be fine... RM will go nowhere with all the sick politics and zero excitement economy.

i really do not know what is "hope" for you, but i am surprised that r u surprised by what's going on!

that is neither a desired or permanent route for a currency to strengthen.

moreover, if oil prices return to $80 or so, inflation will go thru the roof.

more pressure on the RM.

msia is a minor net exporter, will get hammered more than benefit from it.