Commodities
Syria is in a mess and with Vladimir Putin’s latest admission that Russian military are putting boots on the ground in Syria, things could get really ugly. For the first time, Putin isn’t shy about telling all and sundry that the Russia is providing “serious” training and logistical support to the Syrian army under the […]
... written on Sep 06 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 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 2015Flashback: From a record low of RM2.10 to US$1 in October 1978, the Malaysian Ringgit hit its all time high of RM4.73 to US$1 in January 1998. Prior to the infamous Asian Financial Crisis, the ringgit was trading at about RM2.40 to a US dollar in 1997. Nobody could have predicted the type of economic […]
... written on Aug 17 2015A total of 5,270 Yazidis women and girls were abducted last year, and at least 3,144 are still being held. Amazingly, the Islamic State has developed a detailed bureaucracy of sex slavery, including sales contracts endorsed by ISIS-run Islamic courts. It has become a very effective tool to lure men from Muslim societies around the […]
... written on Aug 15 2015You’ve read about the prospect of Johor declaring Independence and how the remote possibility of UMNO losing the state is actually very real. Now that desperado Najib son of Razak had axed his former deputy Muhyiddin, a Johor warlord, the chances are even higher that UMNO would lose its fortress for good. There’re reasons why […]
... written on Aug 11 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 2015Did you make any pocket money since our last bitching article? No, not the one about stocks related to Najib’s cronies. The one about all hell breaks loose when the local currency “Ringgit” breaches the psychology RM3.80 to a US dollar. Was it a coincidence that ringgit spiked into toilet bowl on Aug 4, the […]
... written on Aug 07 2015Saudi Arabia is starting to learn the real meaning of “what goes around, comes around”. It’s a public knowledge that Saudi Arabia had funded the 9/11 attacks, and they were pretty happy about their ability in creating havoc against the world’s superpower. Unfortunately they couldn’t control and contain the monster that they’ve created. What did […]
... written on Aug 06 2015
