Currencies
Surprisingly but not unexpectedly, the Federal Reserve is keeping U.S. interest rates at record lows, which is near zero (0% – 0.25%) since 2008. Yes, once again, Yellen has chickened out. The Fed will meet again roughly 6-weeks again next month October. If nothing happens, the next subsequent meeting in December may shed some lights. […]
... written on Sep 18 2015Malaysia is largely self-sufficient in poultry meat production. Eggs and chicken are among the cheapest and mostly consumed protein staples in the country. Almost 90% of production occurs in Peninsular Malaysia, with the remaining in East Malaysia. Peninsular Malaysia has about 3,200 broiler farms, which includes contract and independent farmers, as well as large vertically integrated […]
... written on Sep 09 2015President Xi Jinping proudly displays the China’s military might – 12,000 Chinese soldiers, 500 pieces of hardware and almost 200 aircraft – in a huge military parade at Tiananmen Square on Thursday as Beijing commemorates the 70th anniversary of Japan’s World War II defeat. As the China’s commander-in-chief by virtue of him as the chairman […]
... written on Sep 03 2015By 5:30pm the organisers of Bersih 4.0 rally claimed there were 200,000 participants. Malaysiakini put the figure at more than 100,000 at about 4pm. However, KL police chief Tajuddin Md Isa estimated the number at 25,000 as of 3pm. But when you were in the middle of a massive crowd, it makes no difference, whether […]
... written on Aug 30 2015Pro-Najib bloggers have been burning midnight oil trying to project Malaysian Prime Minister Najib Razak as a clever and cunning politician who can rival and even outsmart his mentor, Mahathir Mohamad. Apparently, Najib was scripted in such a way that he isn’t afraid of a vote of no confidence, and in fact was excited and […]
... written on Aug 29 2015U.S. stocks tumbled on Monday, with the Dow Jones Industrial Average (DJIA) dropping to an 18-month closing low that saw the blue-chip benchmark briefly plummet more than 1,000 points. It closed down 588 points, but not before it created a moment of panic when it went down as much as 1,114 points during the early […]
... written on Aug 25 2015Malaysian Ringgit has just hit another new high – RM4.2570 to one US dollar. Forget about what the specialists and experts say about the local currency. Didn’t someone tell you less than a month ago that ringgit is to trade between RM3.80 to RM4.10? Well, screw them because they know nuts about the actual financial […]
... written on Aug 24 2015Dow plunges 530.94 points on Friday. With more than 1,000-point drop this week, this was the largest weekly drop since Oct 10, 2008 for Dow. Crude oil prices briefly dropped below US$40 a barrel on Friday, the lowest seen since the financial crisis. The effect of devaluation of the Chinese Yuan has finally reached the […]
... written on Aug 23 2015By now, you should know why we had screamed “The Chinese Are Coming!!” about three weeks ago. That’s because the China’s economy is crashing, for real. Xi Jinping administration has been fire fighting ever since the terrifying 30% crash within 3-weeks in the country’s stock market. It certainly doesn’t help if the allegations about internal […]
... written on Aug 12 2015Before the currency stop trading for the weekend, the Malaysian Ringgit was trading as high as RM3.9530 to a U.S. dollar. After the closing bell, it settled at RM3.9220 to a buck. So, does this mean RM3.90 is a new support level and the ringgit can never strengthen to RM3.80 anymore, at least for the […]
... written on Aug 10 2015
