QUOTE(TOMEI-R @ Dec 7 2016, 11:47 PM)
Some minister said you are not affected if you dont go overseas or buy imported stuff.
Those who realize our currency is turning into 'duit pisang' ought to take measures to limit their losses. Worst of all, we cant rely just on property now to protect our interests as even the property market is facing some very turbulent times.
Yes we can say every country is having hard times right now, but how come that it seems our Rm is the one hit the worst?
wait a few months, we'll see how prices of petrol, food and drinks will change.
i am actually not so concerned about 4.5 or 4.4 at this time. more concerned with what is anyone doing to improve the fundamentals to help appr the rm besides insisting all is good, just external and "speculators" fault. is the budget deficit systematically reduced, debts lowered, productivity growing, significant investments now made to increase fx income? do we see great new ventures in agriculture, manufacturing or high tech? or is it just more debt, consume and keep building towers - all with zero fx income? what to expect in 1, 2, 5 years time?
property.. so much already said. property cycles are very long...
if the big slump comes, it will take a good few years to recover.
i am one of the fortunate ones to ride it up and got off early enough.