My Trading Adventure
The Star : Be ready - financial crisis is near
CP TEH
Publish date: Mon, 10 Sep 2018, 11:15 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
https://www.thestar.com.my/opinion/columnists/global-trends/2018/09/10/be-ready-financial-crisis-is-near-with-indonesia-taking-more-drastic-measures-to-avert-economic-dis/
Star : THE financial crisis affecting developing countries arrived in full-scale fashion in our region last week when the Indonesian economy experienced shocks reminiscent of the Asian crisis 20 years ago.
TEH : Refering to the drop in Rupiah, is it? We shall see if contagion ... started in Argentina and Turkey ... then India's Rupee and S.Africa? Where else? Yes, Asian financial crisis started from the attacking of Baht ... and hit our MYR badly and eventually, our KLSE. Greatest crash in KLSE which I will never be able to witness in my life time.
Star : With the crisis coming so close to home, it is time to contemplate what may unfold in the near future and list measures to respond to each scenario, so that we are not taken by surprise.
TEH : I have listed what-to-do since 2016 ... preparing for crisis, if any. With this report out, means ... we are NOT in crisis yet. Media almost always get things wrong, anyway. NEVER read media and believe what was written on surface-level.
TEH : Save as much ... every ringgit counts, indeed. For you and me ...
TEH :
To be continued
TEH
TEH : Refering to the drop in Rupiah, is it? We shall see if contagion ... started in Argentina and Turkey ... then India's Rupee and S.Africa? Where else? Yes, Asian financial crisis started from the attacking of Baht ... and hit our MYR badly and eventually, our KLSE. Greatest crash in KLSE which I will never be able to witness in my life time.
Star : With the crisis coming so close to home, it is time to contemplate what may unfold in the near future and list measures to respond to each scenario, so that we are not taken by surprise.
TEH : I have listed what-to-do since 2016 ... preparing for crisis, if any. With this report out, means ... we are NOT in crisis yet. Media almost always get things wrong, anyway. NEVER read media and believe what was written on surface-level.
Star : The agreement reached with Singapore to postpone construction of the Kuala Lumpur-Singapore high-speed rail (HSR) project until end-May 2020 (with Malaysia paying S$15mil [RM45.1mil] in cost) was an achievement. It allows us a gap of two years before having to meet the mega project's large expenses.
TEH : Agreed with the postponement too.
Star : The next couple of years will be crucial, as the country will be in the midst of managing the "perfect storm" of servicing the trillion-ringgit government debt and preventing the government deficit from ballooning, while facing the challenges of the emerging global financial crisis.
In this tight situation, every billion ringgit counts; indeed every single ringgit counts.
Star : As more discoveries are made of missing money, whether due to the 1MDB scandal or unpaid tax refunds, there is increasing pressure to save money and cut costs to avoid wider deficits.
So the HSR's two-year deferment helps a lot. It may be like kicking the can down the street, but hopefully, the situation will improve by the end of the two years to allow the can to be picked up, especially if during the period, ways are found to cut the overall cost of the project.
Other projects too have to be scrutinised. Besides the East Coast Rail Link and Trans Sabah gas pipeline projects, there are many other projects whose costs have to be examined, and whose implementation can be postponed or cancelled.
Besides the scourge of overpricing and kickbacks, there is the over-riding concern that a financial crisis has to be averted.
So the HSR's two-year deferment helps a lot. It may be like kicking the can down the street, but hopefully, the situation will improve by the end of the two years to allow the can to be picked up, especially if during the period, ways are found to cut the overall cost of the project.
Other projects too have to be scrutinised. Besides the East Coast Rail Link and Trans Sabah gas pipeline projects, there are many other projects whose costs have to be examined, and whose implementation can be postponed or cancelled.
Besides the scourge of overpricing and kickbacks, there is the over-riding concern that a financial crisis has to be averted.
TEH :
To be continued
TEH
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Discussions
Be the first to like this. Showing 10 of 10 comments
CPteh. Be mindful of what are you doing. After years of talking negative sentiments, hope you have not developed panophobia mode. You keep talking crash regardless of market bull run or bear time. Pity of your real life....don’t really know what are you seeking for other than crash.
2018-09-10 14:37
100% cash also won't stay away from danger due to high inflation-MYR becomes smaller day by day. i still stay 100% stock market despite of worldwide external financial disruption, disturbance. How to read achieve Zen Buddha calmly amid all the distraction in life??
2018-09-10 14:47
Your area slightly more aggressive than me. My cash level stays at 15% only.
2018-09-10 15:09
throw to any digital coins. there is a reason why bitcoin still at 6k at this point.
myr/usd will reach 4.5 when us rate at 3%
2018-09-10 15:10
Amanah Saham Bumiputra ceiling has just been increased from RM200 k each to RM 260 k each. That means PH Government is able and willing to pay more dividend to Bumiputra. Where got cut cost for them? Non-Bumi -- Anak Tiri, will cut BR1M to zero and get nothing eventually.
2018-09-10 18:14
CP Teh still trusts this new from Media but ...
TEH : I have listed what-to-do since 2016 ... preparing for crisis, if any. With this report out, means ... we are NOT in crisis yet. Media almost always get things wrong, anyway. NEVER read media and believe what was written on surface-level.
2018-09-10 18:25
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
Haha...
Try to mislead as if Star interviews him lah.
Tumpang on others idea and make it look like he is having great idea.
One word fit him best === cheapskate
2018-09-10 12:08