atans1

M’sian economy: a safe haven in emerging mkts storm

In Currencies, Emerging markets, Indonesia, Malaysia on 11/06/2018 at 5:40 am

Tun should chill out on his fears for the M’sian economy. His fiance minister and Najib  are right about how gd the economy is: Either Tun or his Cina finance minister is wrong: OK, OK vis-a-vis other emerging mkts.

Remember the Taper Tantrum of 2013? Back then, the talk was of the Fragile Five (sometimes known as the BIITS): Brazil, India, Indonesia, Turkey and South Africa:  these large emerging markets had large current account deficits.

Well the tantrum is back with India, Indonesia, Turkey, Pakistan and the Philippines recently raising their official interest rates but despite Tun’s KPKBing M’sia is in great shape. True getting rid of GST is not a great idea but with oil in the US$70s , there’s room for compacency: Mahathirnomics/ Luck of the devil.

Juz tell that to the foreigners selling M’sian equities.

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  1. They all loved Maha for showing the middle finger to the IMF but what they don’t know or don’t care to know was that the damage was already done and the crisis was already receding. So once again they fall for his polemics.

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