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ninjawin
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 Dec 19 2016, 03:33 PM
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Getting Started
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QUOTE(Hansel @ Dec 19 2016, 02:24 PM) Frankly,... if BNM keeps sending more and more of her foreign reserves to defend and still the USD keep hammering,... what happens ?? Exporters must convert 75% back to MYR, that's the first step. Second step ? Surely cannot be just continue to defend until NO MORE reserves, right ? Time to raise interest. Seems no other choices |
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ninjawin
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Dec 19 2016, 09:06 PM
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Getting Started
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QUOTE(nexona88 @ Dec 19 2016, 06:29 PM) MOF: Don't panic, ringgit will bounce back http://www.thestar.com.my/news/nation/2016...ll-bounce-back/meanwhile another report.. Emerging currencies, including ringgit, to remain volatile next year, World Bank official says http://www.themalaymailonline.com/money/ar...h.KGMKQlOl.dpufDon't see how ringgit will not drop further since FED is planning to raise interest rates aggressively next year. Let's see if our governator dares to make surprise  raise cut again.. |
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ninjawin
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Jan 10 2017, 12:15 PM
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Getting Started
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QUOTE(TOMEI-R @ Jan 5 2017, 05:21 PM) I do agree that the government raise interests rates. What's the point of a growing GDP when your money is turning into worthless paper and the costs of living rocketing to sky high levels? If they just think about a growth in GDP just to have the feel good factor, then I think its best the ensure their feet are planted firmly on the ground first. GDP is gov's report card.. .anything can shout GDP and so-call fundamentals |
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ninjawin
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Jan 15 2017, 09:00 AM
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Getting Started
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QUOTE(limeuu @ Jan 14 2017, 08:50 AM) turkey still wants to join the eu....if they even hint at capital controls, there goes their chance for another couple of decades... doubt they will be accepted after the failed coup. it sounds like another failed arab states than european country |
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