May 2009 World economic and property articles

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Hi Trevor,

Your confidence makes me feel good. However A$ should never have slipped against the ringitt. Its a mystery because of the relative stability of your economy compared to the complete fog that surrounds finance and trade here.

I think the high ringitt is doing a lot of local damage to trade and not benefitting anyone except forex speculators. Of course the MYR tracks the US$ which is another fake currency held high by China. When the dust clears I expect A$ & $NZ to be slightly higher against the ringitt than before the crisis but if China pulls the plug on the US$ we all go into a tailspin again and enter financial crisis part 2.

I am as well informed as all the financial gurus, in other words I havent a clue.

Bob

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The truth  shall set you free,  for fellow clueless truth seekers (requires time and effort, not for the faint-hearted):


Fingers of Instability, Part II
http://www.freebuck.com/articles/tandros/090529tandros.htm

Should We Listen to Economists?
http://www.financialsense.com/fsu/editorials/harding/2009/0529.html

Bob Prechter: Gold is Still Money
http://www.freebuck.com/articles/elliott/090529elliott.htm