Commodities
During the 1997-98 Asian Financial Crisis, Ringgit dropped like a rock. In fact, the crisis the swept Southeast Asian countries into currency chaos had forced the Malaysian currency to depreciate by about 80%, from RM2.50 to RM4.50 per US dollar. At its worst level, the currency plunged to a record RM4.885 per dollar in 1998, […]
... written on Sep 15 2022Ringgit has finally dropped 4.50 to a US dollar on Wednesday (Sept 7) – the lowest since January 1998, during the Asian Financial Crisis. The Malaysia currency plunged as much as 4.5038 before staging a rebound to 4.5017. As feared, once it breached the psychological 4.50 level, it would be difficult to return to previous […]
... written on Sep 08 2022It’s one thing to express full solidarity with Ukraine and pledged to continue offering strong political, financial and humanitarian assistance. It’s another thing altogether to condemn Russia and bragged to continue imposing hard-hitting sanctions. The 27-nation leaders of European Union love to talk about solidarity that binds their countries together. But when even Bloomberg […]
... written on Sep 06 2022Artemis I mission to orbit the moon has failed again. For the second time this week, NASA was forced to cancel the launch on Saturday (Sept 3) after another fuel leak. The rocket was supposed to go off on Monday, but was postponed to Saturay due to liquid hydrogen leaks. NASA engineers had tried to […]
... written on Sep 04 2022Energy crisis created by the Russia-Ukraine conflict isn’t over, even though the crude oil prices have dropped to below US$100 a barrel. The wishful thinking that sanctions imposed on Russia could cripple and defeat the Kremlin has boomeranged on the Western nations instead. The impact, either direct or indirect, is so bad that the West […]
... written on Sep 01 2022Since Vladimir Putin launched his “special military operation”, which the U.S. and its allies called an “unprovoked invasion”, in Ukraine, the Western nations have done nothing but add fuel to the fire. By supplying weapons to Ukraine, instead of taking steps to end the conflict, neither Ukraine nor Russia could end the war. Neither the […]
... written on Aug 29 2022You are hearing more and more people talking about gold IRAs and the investments they are making with the aim of improving the quality of their retirement years, at least financially. Since you keep hearing about this, it is only natural for you to start wondering about it even more and to start thinking about […]
... written on Aug 23 2022All 11 sectors in the S&P 500 were in the red on Monday (Aug 22) with a whopping 480 stocks in red and just 23 in green. The Standard and Poor’s 500 lost 2.14% – biggest drop since June 28. The Dow Jones Industrial Average plunged 643.13 points, while the Nasdaq Composite tumbled 2.55% – […]
... written on Aug 23 2022When Joe Biden stepped on the Saudi soil last month (July 2022), the U.S. president knew he would receive a low-key reception. He had no choice but to visit the oil-rich kingdom. He can’t blame anyone except himself for a declaration of war against Saudi when he was a presidential candidate. Biden declared he was […]
... written on Aug 15 2022Joe Biden’s fist bump with Saudi Crown Prince Mohammed bin Salman, popularly known as MBS, was such a disaster that the U.S. president probably wished he hadn’t made the trip to the Middle East. It was a trap from the beginning to not only humiliates the most powerful man on planet Earth, but also to […]
... written on Jul 23 2022
