as of last night, $ resumed strength, index at 101.60

$ gained against euro, yen, sgd.

but $/RM flat at 4.42... bnm continuous intervention?

opec-non opec meeting today is the one to watch.

a significant outcome will have impact on oil price and hence the $.

next week, incl fed dec 14 will be key to watch currency movements.

No need wait....long queues already at mvm now....

what i think is not impt.

msia is minor producer, need to INCR output.

if not, how will petronas survive? donations?!!
non-opec not in talks: usa, china, norway, brazil.

opec 1/3 world production.

non-opec 2/3.

oil prices already rose 15% since nov 30.

if it continue to gain, there will be another aspect to watch - petrol prices, inflation!

only in Malaysia where petrol price goes down, we are paying more taxes and removal of subsidies because the country is running out of money. when petrol price comes up,  we are charged more with the same reasons.

kinda shows how our government is fucking up their management of the country

Fixed prices via subsidies are commonly applied in underdeveloped economies, give it time for resources and human capital to grow and be productive. It is costly and will be regressive and counter productive if held on for too long.

The scenario here is akward. While yelling developed nation and high income status, certain subsidies and free money remains while human capital, production and productivty are not improving.

No easy way out.
This is where it will hurt.

For >2 years, oil price stayed low, prices of goods go up becos RM depr.
When oil price goes back up, RM gain will not be able to stop inflation.

The only thing that will overcome this is fast increasing wages.
And that is not happening.
Result... everyone becomes poorer.
Except those with tens, hundreds of millions, billions.

For reasons there are only 3% of adults in the kangkong land have over us$100k net worth.

That place is forever like that. People are flocking there to save the few ringgits. 

nomura... here's why:
when oil goes to 65, our petrol price may be rm3 per liter if unsubsidized.

good? i can't imagine what happens then.

clever prediction!

if u go to HLB or Ambank or CIMB now, you will pay >4.50 for $1.

already saw that in Ambank 2 days ago.

4.47 to 4.50 is the point of heavy resistance. Breaking this trend may bound for more weakness towards 4.7.

We are really close, if this break. Gone case.