Ringgit will not crash.

An analysis of the ringgit pattern during every last quarter of the year exemplifies that even though the currency remains volatile and people become jittery, it is not going to crash, and will hardly be traded beyond 4.50 against the US dollar, an economist said.

I wonder if these 'experts' have vested interests in making such speculations or they are 'instructed' by higher ups to contain panic among the public?

This post has been edited by TOMEI-R: Dec 19 2016, 04:25 PM

Borrowing from IMF would be like borrowing from a Loan Shark, a Global Loan Shark. It would allow them to exert enormous leverage over the economies as well of policies of running the country.

Heard Dr M had a Jew as an economic advisor by his side then. Not sure how true it was.

Those who experienced 1997 would know better. 10% interest rates for car loans.

Yes, when petrol prices soar, so will price of goods and inflation will rise. So will RM appreciatiate just because global petrol prices go up?

I agree with that. Thats the only few positive ways to prevent so much outflow of the RM. However, I agree that local consumption will suffer too. Markets are already slow now.

I beg to differ on that. Im the type of guy who saves for the hard times to come but still buying the latest Iphones each year. I wonder where I stand?


What I want to say is that people should always spend within their means. Overspending will stimulate the economy in the short run as every business is doing well but how long can it last? People here are already over riddled with debt, all kinds of debt, u name it and they are still those who want to borrow. Heck even the government wants to keep borrowing. Increasing interest rates will be cruel but I do think that is what the current government can do to prepare for rainy days ahead (rainy days are already here by the way). The country desperately needs inflow of funds now more than ever rather the other way round.

This post has been edited by TOMEI-R: Dec 20 2016, 10:33 AM

Disposable income are already at all times low now bro. Im a frontliner in sales and I can tell you its already here. Coupled with the weak RM, spending is already reduced to a very low level. Try asking any business owners if they are experiencing good sales at this time and see.
Substancial income rise? I really dont see where that will come from.

What puzzles me is that, though with weak RM, you still see AirAsia zero fare tickets snapped up like mad and people travelling overseas for holidays now and then?

I still think its too late to stock up on USD now.. its 4.48 now.

Of course. If given a choice, who would want to leave their money in RM now. But then again, I would say many are saving their money for rainy days ahead or are so heavily in debt there is not enough to let them roll.

True to that. But we cant be converting all our money into foreign currencies. There is always a gut feeling / worry that the rm will appreciate a lot after we changed all into foreign currencies. So we have to keep in balance what we plan to do with our cash.

This post has been edited by TOMEI-R: Dec 22 2016, 02:52 PM

Ya man... I remember those times. I was there as well, but as a student. So didnt feel the pinch that bad. My parents were wage earners. Save up their monies and we didnt get the "luxuries" associated with the pre 97 fiasco. They managed to buy a house (which was a good buy) after 97 with some hard saved money and that was it. I still remember my friend who had a brand new 318I in his garage before he got his license. But all went down during 1997 where his family had to sell off most of their cars. Those were the days.
I do agree that our monies will decay if we do nothing and continue to let it bleed. But apparently there is nothing much we can do rather than monitor here and try and trying moving our money around hoping for the best. Most important is, we are not heavily in debt because if we were, we would be worrying about how to pay back those debt before thinking of how to invest our money.

Aussie dollar lowered down a bit at 3.278 now.

Bro.. mind explaining why we should convert to SGD 1st and then to AUD. Wont we be losing in exchange rates difference by the money changers?

We should be expecting AUD to dip a bit lower and for those interested should make their move then.

This post has been edited by TOMEI-R: Dec 22 2016, 11:05 PM

They have to do that to keep the RM stable and the market from crashing. You dont want to warrant unnecessary panic and loss of confidence of both investors local and abroad.

While I dont want to go into politics and how the government is run, its really up to oneself to believe what is fed onto you. So...

Christmas eve... The Rm strengtened abit.

AUD $3.265.

USD $4.463.

SGD $3.090

MYR always strengthen a bit during eve and public holidays.

But the Ringgit is still standing still while other currencies are sliding a little bit, with the exception for US Dollar of course. Good sign or temporary relief?

Hopefully, but then again maybe its high time to change to the 'sliding' currencies? AUD is really attractive now at 3.243.

But the USD is at 4.48 now... Not sure if its a good move to enter now.

Quite true to that. But IMO DT has to implement what he mentioned. If not he would be called a Liar and I dont think that is what he wants on his first term as President. To weaken the USD, we must hope for some failed implementation or strategies by DT. But knowing DT is a businessman with acute business knowledge and experience, I wouldnt put my money there.


Thats a pretty good idea. Korean Ramen now anyone? Nah.. im more inclined towards the Aussie dollar besides SGD. I think it would be a much safer bet. 'Angmoh' money ma.

Mind sharing which currency u are going for?

Like K's would love to say... Cukurlah...

Damn... those are third world countries or underdeveloped countries. How can compare with Malaysia?

Compare with Indonesia, Thailand and similar countries. You just want to feel good then go ahead.

To make themselves look good. What else?

This post has been edited by TOMEI-R: Dec 30 2016, 08:58 AM