As of September 30, 2024, the Malaysian Ringgit (RM) appreciated to 4.12 against the US dollar, a 39-month high. Asian economists generally expect the Ringgit to continue to appreciate as the Federal Reserve is likely to cut interest rates again by the end of the year. Note that the fundamental Continue Reading
Blog #17
recession risk
Blog #16 Can BRICS+ really bring economic benefits to Malaysia?
Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim has proposed to Russia to join BRICS as a partner country in order to strengthen trade and economy through economic partnership. Anwar expressed this intention to Brazilian President, Luiz Inácio Lula da Silva, last month. The bloc’s GDP has reached for just a Continue Reading
Blog #15 Trade
I’m sorry Please forgive me I thank you I love you I forgives myself I’m sorry Please forgive me I thank you I love you I forgives myself I’m sorry Please forgive me I thank you I love you I forgives myself I’m sorry Please forgive me Continue Reading
Blog #14 Hey, world economy, let’s go Ho’o ponopono before it’s too late
With love, I wish that all economic turmoils in the world economy have been and continue to be eliminated through Ho’o ponopono, and that the world economy can cleanse and grow in fraternity from time to time. I’m sorry Please forgive me I thank you I love you I Continue Reading
Blog #13 Stay hawkish or return to dovishness?
It’s been two years since the Federal Reserve first raised interest rates in the wake of the Covid-19 pandemic. While the hot topic of interest rate cuts hinted at in Powell’s speech has fueled optimism since last year, a growing number of economists and investors believe the hawkish stance is Continue Reading
Blog #12 If trade tensions intensify further, can the U.S. and Chinese economies bear the economic costs?
After the United States experienced nearly 80 years of near-peace from its rise to its peak, China, the second largest economy, is likely to become the next new world order. The International Monetary Fund (IMF) predicts in its latest World Economic Outlook that the U.S. economic growth will further decline Continue Reading
Blog #11 Will the Fed really cut interest rates so soon?
The Fed has raised the funds rate 11 times in two years since quantitative easing drove inflation out of control. Raising interest rates helped reduce inflation from 9.1% in June 2022 to 3.1% this year. While Jerome Powell has signaled the Fed may delay rate hikes this year, a pause Continue Reading
Blog #10 Rolling recession in U.S. economy?
With interest rate hikes following quantitative easing nearing an end, the Chief Economist Outlook regularly paints a picture of nearly two-thirds of global economists believing a global recession is likely in 2023. This provides an interesting space to review what has happened to the economy in 2023. This year, economists Continue Reading
Blog #9 Who will be the next superpower in the next 10 years?
Although the U.S. and Chinese economies have been easing from Covid-19 lockdowns for more than two years, both economies face their own economic difficulties. If geopolitical conflicts cause prices to rise again, the U.S. economy may face the possibility of another interest rate hike. At the same time, China’s economic Continue Reading