Mexico has hedged all its oil at US60. Mexico has the foresight which is lacking in other countries.

The recovery in KLCI might well be wave 4 n we might get another leg down to complete wave 5.

play oil futures ! No need oil tank.

They are a lot of big projects they can start doing which will keep the economy running for years e.g. the plan to divert water from the Himalayas to their arid north.

Putin was right in saying: "US is literally sawing on the branch they are sitting on "

Countries with excess USD holdings is likely to buy gold. I expect gold to retest its former highs.

Which country would buy US T bills ?? It only shows no US financial instruments are safe.

Many are clueless. Many believe what Fox news said "Virus is a hoax".

Agree with you !

Posted by chinaman > Apr 19, 2020 3:12 PM | Report Abuse

it's not due to smoking. its diet, too much meat, too many killings, with karma hit back human being. Taiwan with highest no. of vegetarian with one of lowest cases speak volume why.

Bats are eaten in a lot of countries. My friend, whose wife is an Indonesian, told us that Indonesians do eat bats.

Locally, ppl here eats deer meat, horse meat, .....
Millions of virus have already identified in wild animals, which means that new virus transmission to humans will happen again in the future.

To travel to US, requires a US visa. To apply for a visa needs at least 3 weeks an an interview.

Nobody can get a US visa within 48 hours. To say that Wuhan citizens who escape the lockdown might have traveled to US is rubbish.

The blaming game starts. All politicians in M'sia more interested in "Sheraton move" than pandemic risk.
Bull shit.

The same old faces recycled from 1 GLC to another. Without new blood, how can a company prosper ?

Ppl who bought Bursa below $5.00 is now laughing their way to the bank. What about you ?

You need to know:- how much of RHB's loans are exposed to tourism, hotel, oil n gas, airline ...

HLB is little exposure to these section. The Edge rate HLB as the strongest bank.

Hello, MCO manyak orang nothing to do. Just use keyboard on p c to speculate lah ! Bursa is having a lot of business. Which business is like this ???

I can still remember IMF chief, Camdessus folding his arms waiting for Suharto to sign the documents for IMF aid.

China n Russia used the USD they hold to buy gold n it turned out to be the right decision.

Now, lets see how much T bills can their vassal states buy.

Posted by ahbah > Apr 14, 2020 1:27 PM | Report Abuse

Wall Street analyst who called the 2018 rout says ‘don’t fight the Fed’ and ‘buy the dips’ is back on in this coronavirus-stricken stock market.

It reminds me of the fame economist, Nouriel Roubini, who call the rally in Mar 2009 in Wall Street, a "sucker's rally". But he was wrong.

Posted by xxxx > Apr 11, 2020 8:03 AM | Report Abuse

Good, good and good. Let Idiot's Maga America burn until the people themselves decide to change their idiot of a president in November. Does the Idiot know that his country is losing influence? Does he know that his country is the biggest debtor nation in the world? Does he know that others consider him a big liar and immoral? No, no, no. Idiot!

There also clueless senators in US.
A Republican member of the US Senate has submitted a bill to withdraw US forces from Saudi Arabia if it does not adhere to the plan to reduce oil production, in order to change the direction of the oil price decline that has harmed US energy companies.

Maybe, the PetroDollar is begining to see its end. But I bet the US would chicken out.

A lot of people will be jobless after MCO ends. Medical insurance is expensive. I do not hold the view that ppl will rush in to buy medical insurance. We would probably see longer queue at government hospitals.

US never cared about the UN or its agencies. It uses UN agencies to bring abt regime changes. This is evident during the Asian crisis of 1997/1998.

US invaded Iraq without UN approval on the pretext of WMD, which was never found.

Trump is merely using WHO as a scapegoat.

Unless the US join in, a deal seems so far away.

Posted by KAQ4468 > Apr 5, 2020 7:39 PM | Report Abuse

Later trump will mampus due to corona


Trump won't mampus. In fact, it is trying to change th narrative to survive. Did you not hear his comments like "I am not responsible at all". He blames Obama. "China is not transparent with its statistics". He blames China which in fact he could have acted on S.Korea's statistics.

When casinos are opened, we do not realise Bursa is in fact a legal casino. EPF, ASM, insurance companies, funds... all go into this casino to make money for you. It does not require physical presence at all. It only needs volume, volatility ... to make money. In the coming days or weeks or months, there will be lots of panic selling n panic buying to fuel the volatility needed for Bursa.

In the 2008, a year later after QE1, the Fed started QE2, which is in fact a devaluation of the USD.

This round, what choice does the Fed have ? My take is that the US will devalue the USD to make its exports cheaper in terms of other currencies. Emerging markets, commodities ... would probably go up.

Fed will forget about normalizing its balance sheet. It is impossible to do that even before this pandemic.

"Herd immunity" at work.

"The second issue is the Americans, they have to play a part."

Unless those shale oil producers also take part in the production cut, there is no way for the issue to be resolved. Russia is sanctioned from selling its gas and oil. Putin wants this issue addressed.

Posted by Up_down > Apr 4, 2020 8:20 PM | Report Abuse

Trump would be backfired if he advised his people to wear masks. Many people might have bombarded him for not getting ready masks since the past 2 months.

You are right. Actually, Trump is not dumb. I say he is "over-smart". My sister-in-law who is living in L.A. told me there is no enough mask in US. If he tells every US citizen to wear a mask, he will get into deep trouble. Already U-tubers have coming up with so many video questing what he was doing in the last 2 months.

All civil servants have fixed salaries unlike those hawkers, coffee shop operators ... Unless they are doing side business...

You can hear the actual situation on the ground in Whuan from expatriates living there. e.g. the conversation between Kim Iversen, a Vietnamese American in L.A. and Daniel Dumbrill, a Canadian living in Wuhan .. Just google on Utube.

Kim : Are those official figures on cases n death true ?

Dunbrill : It is more or less

Kim: how do you know ?

Dumbrill : My sister-in-law works as a nurse in a hospital in Wuhan

US muzzling a whistleblower.

Unfortunately, US has a reality show man as president.

US response to Ebola, SARS ... is the same as it is now if you compile a timeline of events to see how the world responded then.

The narrative the politicians in US is trying to paint is China's statistics are false n are not enough to frighten them to take early action. However, they can always take a clue from their ally, S.Korea, a non-socialist country. That is where the narrative falls flat.

You can hear the actual situation on the ground in Whuan from expatriates living there. e.g. the conversation between Kim Iversen, a Vietnamese American in L.A. and Daniel Dumbrill, a Canadian living in Wuhan .. Just google on Utube.

By 1975, all of the OPEC nations had agreed to price their own oil supplies exclusively in U.S. dollars in exchange for weapons and military protection.

This petrodollar system, or more simply known as an “oil for dollars” system, created an immediate artificial demand for U.S. dollars around the globe. And of course, as global oil demand increased, so did the demand for U.S. dollars.

If the Petro-Dollar comes to an end, the Fed would no longer have a free hand in printing USD.

What Putin said was all oil producers including US shale oil, Canada, Mexico .... should cut their production to lift oil prices. If the US only wants a free ride, there is probably no agreement in sight.

His decision to tariff import of oil might bring the Petro-Dollar to an end. Why must OPEC price their oil in USD when US tariff their oil ?

The White House has considered tariffs on foreign oil imports to protect US producers, though the idea is opposed by some top Trump advisers led by Larry Kudlow, the director of the National Economic Council, according to people familiar with the matter.

Opec can just price their oil in JPY, bringing the Petro-Dollar to an end.

All bets are off. Why must Putin cut production to let the US have a free ride ? Unless Trump is God.

"Trump told reporters at the White House late on Thursday he had made no offer to cut U.S. output."

It means all bets are off. Let us enjoy the low petrol price.

"Trump told reporters at the White House late on Thursday he had made no offer to cut U.S. output."

It means all bets are off. The US is operating a bubble economy whereas Russia has little debt.

Without the US, Canada, Mexico ... joining in production cuts, all bets are off.
You cannot expect Opec n Russia to cut back while the US n others wants to enjoy a free ride.
All bets are probably off.

Russia is well-prepared unlike US, UK ...

Bursa is poised to announce at good qtr.

Now everybody wants to turn the clock back.

Spot on.

Demand is there but they have worker problem. Anyone wants to take up a job there ?

The smartest investor is Ray Dalio, whose hedge fund bets $1 billion that stocks will fall in Wall Street 4 months ago. He is probably laughing his way to the bank.

Better than consulting politicians, all with twisted minds.

Fed created a bubble economy after 2008/2009. Now they are doing the same. QE infinity... devaluation of USD coming ..commodities to go up.. emerging markets to go up .......

They are the ones talking about the human rights bullshit. Your question is correct.

Genting is having a competitor now. Guess who ? Bursa. Everybody is doing online gambling using their keyboard.

Posted by NavinShah > Apr 2, 2020 9:46 AM | Report Abuse

Dow may sink to 10,000 points????

The Fed is now the buyer of last resort for everything in US. USD being a world reserve currency, the US is able to do this.