Agree

Maybe we can take a look at Budweiser, scheduled to be listed in HongKong next week.

The west look at everything from their perspective n assume it to be the ultimate truth. They call it 'conventional wisdom'. But in reality, how far is this true.

When Japan was in a recession after the Plaza Accord, Nobel Laureate Paul Krugman insists that when interest rates fall to zero, Japan's economic fortunes will revive. In short, he says monetary policy always work. But, sadly, maybe it works in US but not in Japan.

He missed out an important element - culture. It may well be true of US when everybody will jump into the wagon when interest rates fall to zero -in line with Adam Smith's invisible hand. But, Japaneses keep on repaying their debts without borrowing in spite of interest rates falling to zero. That is their culture - responsibility. And Krugman's suggestion does not work.

In the end, Krugman suggest Japan central bank buys helicopters, refrigerators etc to end the deflation. But this is the realm of fiscal policy not monetary policy. In short, Krugman admitted monetary policy did not work in japan.

As to PRC, I have read comments that they will experience capital flight. The beauty of PRC's economy is only part of the Yuan that is used for international trade in convertible. The rest is not convertible. So, capital flight is not a problem and that is why Gordon Chang's prediction does not come true.

All telcos overpriced, with dropping profits, little growth prospects.

The ruling politicians in US rule by fake news. Beyond the small group of elites, the rest of the population have probably low levels of education like third world countries.
I find it amazing that some politicians from the ruling party talk about US farmers ripped by China.
How could it be ? He is telling those farmers China rip them when they sell their soya beans.
Well, the problem is already solved. China stop buying from them n start buying from Russia. Those idiots can eat all the soya beans themselves.

Gomen funds are merely creating up n downs to give some life to the market. If prices stay unchanged all the while, there is nothing to play in the market.

For DT, each time he negotiate with China, China has to start buying his soyabeans irrespective of whether a deal is made. This time around, there is no such commitment issued by China.

DT will try his usual tricks. DT will insists on China buying his soyabeans while the truce is going on. DT knows that his farmers are hit by a hurricane n would resort to trickery to buy time.

"And while the White House statement said China had agreed to immediately restart agricultural purchases, there was no such commitment in the Chinese version." from SCMP today

Mnuchin‘s comment that China trade deal is 90% complete is bullshit. DT is asking for total agreement on DT's terms. China has said it means a dismantling of the government.

It is the same as the Plaza Accord which decimated Japan's economy. On the top of raising USD/JPY exchange rate, Japan was forced to share its semiconductor secrets with US companies.

If there is no compromise on the US side, nothing will come out of it.

I think probably not much news. How a trade deal can come if DT insists on keeping his tariffs even after the deal is made ? China has said agreeing to DT's terms means dismantling the whole government.

China's policy is the lift its population out of poverty, hence it uses subsidies. Unlike US, the republicans says those homeless in the US are lazy people n no help should be given.

China practice the "new socialism" which will make all its citizens well-to-do, not the socialism practiced by USSR or Mao.

US started currency war in 2009 via QE which is a de facto devaluation of USD. This time around, DT is probably using tariffs as a weapon.

Latest : New Zealand told-"Stop stealing Maori kids". Now, they steal other people's children.

Who says the Us do not steal ?

Japan was the leader in semiconductors way back before Plaza Accord. After Plaza Accord was imposed on Japan, Reagan forced Japan to share its semiconductor technology with US. Now, Rubio is trying to steal Huawei's intellectual property.

Who is the thieve now.

Published on Jun 19, 2019
A U.S. senator has filed a legislative amendment that would prevent Huawei from seeking damages in American patent courts. It came after the Chinese tech giant demanded U.S. telecom giant Verizon pay licensing fees for its patented technology.

Japan then, ...
The Reagan administration regarded Japan as the biggest economic threat to the US. Washington accused Tokyo of state-sponsored industrial policies, intellectual property theft from US companies, and of dumping products on the American market.

The Plaza Accord was forced on Japan. Besides pushing up JPY agst USD which made Japanese products expensive in US, It also forced Japan to sign deals to share its semiconductor technologies and increase its purchases of US semiconductor products.

Trump is using the same tactic as Reagan. With gap between US n China too wide to bridge, I do not think anything concrete will come of the meeting.

Trump comes to his senses ???
I am doubtful.

We are sailing into the sunset.

Probably nothing will come out of G20 meeting. China has already said accepting Trump's demands means that the whole system of government have to be dismantled.

Posted by spider68 > Jun 12, 2019 2:59 PM | Report Abuse

I don't have a clue who has so many shares in hand to dump and at a loss some more. Why subscribed in the 1st place?

One can only guess. Most ppl are still nostalgic about an era that is long gone n hoping it will return. The times when striking IPO means striking lottery. But it won't return for good as rules as to IPO have totally changed.

Tide turned ? Nobody knows. Looking at what China revealed, there is probably no trade deal at all. They say it is better not to have a trade deal rather than change hundreds of laws demanded by US, which will dismantle the entire government.

Next battle front - rare earth. 2 tier pricing for rare earth is coming. Those foreign tech firms which stayed in China will get cheap rare earth. Those in US would cost a lot more. Apple would have to price themselves out of the market.

In Bukit Merah, at the time when Asian Rare Earth operated, flowers turn black colour. What did the authorities told us ? They said "all is fine".

China is expected to implement 2 tier pricing of rare earth. Exports of rare earth to US will be hit will even a higher tax while those foreign high tech firms insider China will enjoy a lower price rare earth.

Posted by Negan > Jun 9, 2019 3:23 PM | Report Abuse

It only justify US negative view of China! You know how much anti Russia sentiment is in US!

Russia today does not export revolution. anti Russia sentiment ?

Trump is the modern day Hitler.

I agree. He provoked Russia to start a war n his minion in NATO talked about taking out Russian missiles placed inside Russia.

Putin responded that if there is no Russia, there will be no US.

Trump making US great ??

S.Arabia has quietly seek China' help in developing its missiles. US is crying foul in CNN today.

Like Putin says "where is yr country's security when another nation can flick the switch on n off according to its whims.

How is Trump making US great ? Other nations will shun its products. Imagine buying weapons systems fr US. The US can stop u from using the weapons systems by denying u the spare parts.

The buffoon just flicked off the Android switch for China.

Like Putin says "where is yr country's security when another nation can flick the switch on n off according to its whims.

The important thing is : where is the switch? is it inside Trump's living room ? If it is, then there won't be many takers.

When this buffoon gets drunk, it will flick the switch off n yr internet is gone.

Of course this buffoon can leave WTO. And the politicians in US have no marbles to remove him even though he flout every law in the US. Most of the US politicians behave like clowns and are all clueless.

Huawei has just signed deal to develop 5G in Russia. US is not the world n the 5 eyes nations are its satellite nations.

Trump is saying the US economy is that good. If it is, why suddenly, the Fed is preparing to change tack?

Way back in 1980s, there was no internet. News of US allegations of Japan copying US products is not widespread. Some forumers have commented that they did not hear of news about allegations of Japan copying.

Here it is.

May 27, 2019 Stephen S. Roach

Back in the 1980s, Japan was portrayed as the greatest economic threat to the United States, and allegations of intellectual property theft were only part of Americans' vilification. Thirty years later, Americans have made China the villain, when, just like three decades ago, they should be looking squarely in the mirror.

“When governments permit counterfeiting or copying of American products, it is stealing our future, and it is no longer free trade.” So said US President Ronald Reagan, commenting on Japan after the Plaza Accord was concluded in September 1985. Today resembles, in many respects, a remake of this 1980s movie, but with a reality-television star replacing a Hollywood film star in the presidential leading role – and with a new villain in place of Japan.

Android will lose its monopoly thanks to Trump. Tech stocks in US all overvalued now.

AS Tong wrote in TheEdge,"a tech war will be the end for this bull market."

Trump is a man with no wisdom. Unlike, Putin

The scenario that will emerge after Huawei shutdown.

Nations will now start to pursue technological sovereignty. Russia has announced it will built its own internet. China is already doing. Other countries are following soon.

Android will lose its dominance. Russia now has its own mobile operating system "Aurora". Aurora smartphones already exist in Russia.

As internet is US invention, all the base network keys are in US. Put it simply, if the light switch is outside the bathroom, somebody may switch the light off.

Huawei being a high tech company will do just fine without the American Android. About US chips, Huawei adopts 1 +1 policy. It adds one circuit to each US manufactured circuit. That means that won't be a problem either.

Trump did US a disservice. US companies will lose it huge market share in the world and their future positions will get even weaker.

Android used to be treated like the sun above us. Everyone has equal rights and is free to use without restrictions. But after US decided to switch off the sun for Huawei, others are beginning to wonder if they are next in line to be shut down.

IT means technology stocks in US are overvalued. These monopoly is starting to end.

Meng is a prisoner of war.

China produces 90 percent of the world’s rare earth elements. About 1000 pounds of such materials are used to build a single F-35 jet. Were China to limit their export to the US, it could have devastating consequences to the US military.

Whenever, Wall St is affected, Trump will tweet some remarks to push it up. There is not likely to get a deal. A lot of ppl are playing short term in the market.

What he is saying is all big countries spy and US is no exception. But M'sia is so small to make an impact on the world. If other big countries want to conquer M'sia, they can easily do it.

That's right. US started manipulating its currency USD via QE2 which saw the exchange rate of 1USD went well below RM4.00.

TNB says they will "investigate". I think most of the consumers found their bills going up n up.
I used the same number of electrical appliances for almost the same number of hours each day n night but the bill keeps going up.

PAS, also the same. They kept quiet when Jibby siphon off the country 's money. So, what now?

Posted by Undi_PAS > May 28, 2019 9:18 AM | Report Abuse

Ask which politicians dare buy Bursa listed stocks when they propose govn should list more companies?

The question u should ask: why all the foreign funds selling M'sian shares ?

True Nature is our original home.

Posted by stockmkt101 > May 27, 2019 8:26 PM | Report Abuse

No, it's not nothingness! It simply means no attachment to anything.

Yes, it is the attachment that pulls you into rebirth. When there is no attachment, it is your True Nature.

The essence of Buddhism is : "Originally Nothing".

meaning that there is no creator. Buddha-nature is present inside everyone.
The late Master Hsuan Hua said: "I came from empty space and I shall return to empty space".

When the time has come for the 5th Patriarch to choose his successor, he ask his disciples to write him a poem. He said from the poem, he is able to know which of his disciples has attained his True Nature and will be made the 6th Patriarch. Only 2 of his disciples submitted their poem.
Among his disciples, the instructor wrote the following poem :

Body is the Bodhi-tree
Mind is a clear mirror's stand
Diligently we keep cleaning
And let no dust alight

Meanwhile, his disciple, Hui Neng, who pound rice at the monastery's kitchen wrote

Bodhi has no tree
Clear mirror has no stand
Originally nothing,
Where is dust.

Knowing that Hui Neng has attained his True Nature, he was made the 6th Patriarch.

Prior to the CCP coming into power, maps published by UK shows most of the islands in South China Sea as China's territory. Only after the CCP came into power, maps published by UK no longer show the islands as China's territory.
China regards them as its territory but does not care about other lands outside this perimeter. That is its official stand.

Just days past, the United Nations General Assembly voted overwhelmingly to force the U.K., which colonized the islands during the Napoleonic wars and now controls them as a British Indian Ocean Territory, to return them to Mauritius, which achieved independence from Britain in the mid-1960s.

The nonbinding vote affirmed a ruling by the International Court of Justice earlier this year holding that “the process of decolonization of Mauritius was not lawfully completed when that country acceded to independence” and that “the United Kingdom is under an obligation to bring to an end its administration of the Chagos Archipelago as rapidly as possible.”

Just look at western hypocrisy. All along, I thought Hong Kong was the last.

That is why I say 'except political freedom.'