Commodities
When former prime minister Abdullah Badawi did the unthinkable back in June 2008 by hiking the fuel price (RON97) by a whopping 40.62% from RM1.92 a liter to RM2.70 a liter, all hell breaks loose. It was such a huge screw-up that Badawi administration had to pacify angry Malaysians by “reimbursing” RM625 cash rebate for […]
... written on Sep 09 2013As many as 35,000 investors and up to a whopping RM10 billion of investment were sucked into Genneva Malaysia Gold Scheme. The problem – Genneva Malaysia’s liabilities exceeded its assets. That was what Awang Adek Hussin, Malaysia Deputy Finance Minister, claimed couple of days ago. Considering PM Najib Razak is the Finance Minister himself, this […]
... written on Nov 08 2012Charles Ponzi was a genius, without realizing it himself. Born in Italy, he became famous in the early 1920s. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a […]
... written on Oct 11 2012Unlike the era of the 1990s, thanks largely to 1993’s Super Bull Run, you can’t expect to make easy money at IPOs tables nowadays. During the good old days, making 100% profits via IPO was a normal story. Heck, you would probably get laughed at for trumpeting 100% profits. Even if you were very “Sui” […]
... written on Jun 12 2012Spot gold surge ro record high of $1,878 an ounce for a third consecutive session on Monday. Heck, when was the last time the gold ever did a serious pullback? You can actually bet last penny that the gold will hit $2,000 an ounce, easily and surely. The U.S. economy is in a mess (again) […]
... written on Aug 22 2011When the Dow tumbled more than 500 points yesterday, the worry and concern that the largest economy powerhouse may collapse reappears. Frankly, it isn’t that difficult to imagine that the U.S. dollar may collapse due to the huge debts and deficits. Historically there are many examples on how hyperinflation drove a country to total disarray. […]
... written on Aug 06 2011Next month will be the Judgement Day for both consumers and the Malaysian government. The petrol price hike is almost certain. The only question is by how much will the government increase RON95 after its brother RON97 was increased by RM0.20 a liter early this month. Another interesting event is whether the government would lower […]
... written on May 25 2011During such time of escalating fuel price, not only consumers are feeling the pinch, gas stations are competing with each other as well to attract customers. In U.S. where the fuel prices does not enjoy subsidy and fluctuates on daily basis, one has to be creative to lock-in customers. A gas station on Columbia’s North […]
... written on May 19 2011Investors make money by buy low sell high. Seems like an easy formula to become rich, no? People then ask when is the time to buy low or how do I know now is the time to buy? And that’s the mistake because people are obsessed with finding the Holy Grail – when to buy. […]
... written on May 05 2011People make mistakes and some of them could be very costly. Some knew of the consequences but still the sex pleasures overrule everything. Many don’t really care because it was the public money. Some tried to cover their mistake but it got worsen and the hole got bigger. And of course some thought things can’t […]
... written on Apr 29 2011
