tag:blogger.com,1999:blog-28452020.post5901507155486288196..comments2024-03-17T15:10:12.273+08:00Comments on rocky's bru: Economist describes Anwar as a ChameleonRockybruhttp://www.blogger.com/profile/08187242806213153913noreply@blogger.comBlogger155125tag:blogger.com,1999:blog-28452020.post-37780448202430369572009-08-13T21:50:05.567+08:002009-08-13T21:50:05.567+08:00BANGKOK, Aug 12 (Bernama) -- Foreign direct invest...BANGKOK, Aug 12 (Bernama) -- Foreign direct investments (FDIs) to the 10 Asean countries in 2008 were affected by the global economic crisis as they dwindled from US$69.48 billion in 2007 to US$60.17 billion last year.<br /><br />Singapore remained the most attractive country in the region for FDIs, gaining US$22.8 billion in 2008, but much lower than the US$31.6 billion received a year before.<br /><br />Thailand took the second spot with US$9.83 billion, followed by Malaysia which earned US$8.053 billion compared to US$8.4 billion in 2007, Vietnam received US$8.05 billion and Indonesia US$7.9 billion.<br /><br />Malaysia's FDI included US$6.2 billion from outside Asean and US$1.86 billion from within the region.<br /><br />Statistics provided by the Asean Secretariat ahead of the 41st Asean Economic Ministers Meeting here showed Asean still relied on investors from other parts of the world as US$49.1 billion in FDI came from outside the region while only US$11.07 billion was intra-Asean investments.<br /><br /><br />Dei Skilly Fuckhead<br /><br />Malaysia is still pulling them moolah in as this evidence shows.The figures for Thailand are skewed as:<br /><br />" Bank Negara Malaysia in its balance of payments accounts, ‘purchase of existing <br />Plant and equipment’ by foreigners is treated as ‘changes of ownership’ not as ‘new investment’. Because of this [sound] accounting practice, whatever takeover that have happed are not reflected in official FDI figures, whereas in Thailand and Korea value of these deals are captured in FDI data together with ‘true’ investment (Ogus 2000"<br /><br />so if you factor out thailand, malaysia maintains the pole position in terms of "true economies" for Spore is nothing but a safe haven for money laundering for triad chingkie businessmen gangstas like this (just the tip of the pigshitberg, mind you): <br /><br />"Ho made his first fortune smuggling luxury goods across the Chinese border from Macau during World War II"<br />http://news.yahoo.com/s/afp/macauhongkonggamingpeopleho<br /><br />Jewish MNC regional HQs and Yankee strategic port of call.<br /><br />Dei bastard, u have no inkling of who am I in the SB setup.Once I get you i will throw u into the tiger pen for rubbishing MALAYsia. I will have a free tigershow for the kicks as you are arseslammed and mouthfucked by real tigers. better dont crawl out of the shithead harry Lee's arsehole where you are hiding in with Brendan, Leslie and Kali. But Lee is an evil pragmatist, for when the right screws are turned, he will just scratch his arsehole, dig you out and throw you to the dogs as this clearly shows:<br /><br /> "If I have to shoot 200,000 students to save China from another 100 years of disorder, so be it." - Lee Kuan Yew endorsing the Tiananmen massacre, Straits Times, 17 August 2004<br /><br />Now getta out of Ee Lee Gal Pigfarm and jump on the next boat to tongsan if you dont want to pengsan after the tigers show no kesihan with your natural jamban... fuckhead!<br /><br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-81435261205785927792009-08-13T20:42:08.668+08:002009-08-13T20:42:08.668+08:00Part 2
Tax.
Tax can be in the form of direct and ...Part 2<br /><br />Tax.<br />Tax can be in the form of direct and indirect taxes, they include income tax, a GST tax, value added tax etc. GST & VAT have been yappped about for years and have yet to see fruition. My reasoning is that the government need not introduce new forms of tax (except a Tobin tax) to raise revenue as the economic downturn is abating. Moreover, through improved collection of tax, revenue can be enhanced (a point noted by Finance Minister hanafiah something). In fact, by raiding the chingkie bastard tax frauds and defaulters revenue can be enhanced by another 15-20% or so. I also propose that we introduce a form of a Tobin tax to tax Chingkie wealth holdings so as to ensure that reparations are made for Chingkie economic depredation in connivance with the Brits over the past 200+ years which the pribumis (malays and others) had to stoically endure. <br /><br />4. money is value neutral and color-free. it goes where maximum returns can be made. the case of the UEM roadshow is nothng! Are u saying that adverts about property in HK, Australia, UK etc are indicative that they are about to die.Hahahahaha stupid wanked up chingkie. <br /><br />The deficit is a temporary aberration due to 2 stimulus packages, stupid and nothing to worry about. In fact, economists like Sen, Krugman, De Long etc are advocates of such maesures during a time of diminishing private investment and falling consumption. Moreover, i have pointed out in my previous post that at times the Malaysian deficit attained 17%of GDP. ther is another elemnt you failed to consider, malysia's stash of savings allows it the leeway to tap into these ources to finance growth. The resilience of the local economy is one reason why money is still pouring into Malaysia and it remains a desirable FDI destination:<br /><br />a.http://www.bernama.com/bernama/v5/newsbusiness.php?id=386237<br /><br />b.http://english.sccci.org.sg/index.cfm?GPID=855<br /><br />Finally, ur fixation with Spore is perfectly understandable but to use it as prism of malaysia is downright stupid cos of the different growth models and country specific factors.<br /><br />I have been courteous and civil to u cumswilling, cocksucking, cuntlicking, arsefucked bullshit and your long on talk...............thingy is uncalled for. In fact, i dont even throw challenges ur way knwoing that you are a mad pigdog who cant reason dispassionately and suffering from delusions. As a matter of fact, i have answered all ur queries and ur attempt at shifting the goalposts is pathetic. maybe you need to drink a SB"s urine to get those synapses going, arewhore, cumshit son of a stone drunk, wormy cunt of an arsedigged chingkie wh--- (complete the puzzle). Enuff said!!!<br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-7931535264650680162009-08-13T20:41:04.109+08:002009-08-13T20:41:04.109+08:00Part 1
Skilly Pundek
1. FDI consists of 2 variet...Part 1<br /><br />Skilly Pundek<br /><br />1. FDI consists of 2 varieties: what i would term the long term, more "productive" variety in the form of capital investment in plant, expanding manufacturing capacity, job-creation, more moolah for R&D etc.<br />Variety B= is the short-term, hot money variety that idiots like Anwar and you assume to be FDI but which are speculative capital in search of quick returns; the now you see it; now you dont thingy.also remeber the FDI inflow into Malaysia is measured according to strict accounting standards while other countries, Thailand, Korea are lax. Hence, M7A in these countries count as FDI while in Malaysia, it doesnt.<br /><br />As a pig styhand and an exgraduate of Fujian University of Charlatan Knowledge (FUCK, i dont expect FUCKERs like u to understand the distinction between the 2.<br /><br />2. I also undertsand that you are enrolled in the Chingkie Hog Economics and Administrative Training (CHEAT) programme, a collaborative effort between FUCK and Chinese University of Nuclear Technology (CUNT). That is why you always target me with your arserammed, mouthfucked, cuntlicked comments so that when I respond, I will throw you a morsel of information from my vastly superior intellect for a slimearsed, urinedrenched pigfaced pigdog like you to wolf down, digest and comprehend the resultant alchemy before you come back for more. This hankering for factual links will have to stop, pigface because like all chingkie bastards, u seem to assume that just because we Malay Muslims have tolerated your whoring, thieving, cheating ways for 210 years or more, we will be kind enough to carrying on doing the same for you parasites for another millenia!!<br /><br />3. Since talking cock is your speciality and Singapore is home to cunty aunty, I will throw these last slivers of meat to feed your mangy self, chingkie bastard.<br /><br />a. Look at the FDI figures within ASEAN and figure out urself where MALAYsia is? It is obvious aint it, cumwhore!!:<br />Table 1, FDI flows to Asean.pdf<br />linked via http://www.aseansec.org/22369.htm which you get to via:http://www.aseansec.org/4947.htm where u click on: Statistics of Foreign Direct Investment in ASEAN, 2008<br /><br />b. the figurea above are in trend with Malaysia's 2nd position that was recorded in this paper:<br />FDI Effects of ASEAN Integration<br />Michael G. Plummer and David Cheong,<br />The Johns Hopkins University, SAIS-Bologna<br />wherein u can red to your hearts content during lunch break as you munch on the pig shit you extracted with your bare hands from the boar's arse.<br /><br />3.Next, go here http://www.unescap.org/Stat/data/syb2008/20-Financing-for-development.asp<br />and click on this to view Malaysia's relative position to others. of course when u do so, remember comparisons are moot since GDO varies. For example, the GDP of marsjhall Islands would not amount to much, as such any % proportioning would be skewed even if the Marshalls coral in 1 billion!<br />While you are at it, click on Tables 20.1 and 20.6. 20.2 will show you that MALAYsia is investing substantially overseas, 2nd only to Spore.<br /><br />about FDI from Malysia outwards, why not google this:<br /><br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-48401091360646122652009-08-12T12:08:49.863+08:002009-08-12T12:08:49.863+08:00Warrior xxx
You are long on talk, as is usual, bu...Warrior xxx<br /><br />You are long on talk, as is usual, but woefully ignorant of economic realities.<br /><br />All of your arguments, statistics, rebuttals and citations can be negated by one simple fact - that Malaysia needs private investment (domestic and FDI) in order to grow the economy and provide jobs for Malaysians.<br /><br />Where is this private investment coming from? Are you privy to what is happening in MIDA and what their success rate is in attracting FDI into Malaysia?<br /><br />Just a couple of months back, UEM Land was doing a roadshow in Singapore to try and persuade Singaporeans (and foreigners living in Singapore) to buy high-end real estate in Iskandar Malaysia. And this is not the first roadshow that UEM Land has done in Singapore. Seems to me that a Malaysian GLC is doing the unpatriotic thing, is it?<br /><br />Get your roadkill-addled brain wrapped around the fact, in spite of your bluster and bombast, Malaysia is a bit player in the grand scheme of things. You wanna name the groupings - Asean, Apec, NAM, OIC, G20 - and whether Malaysia exerts a significant influence (that can be directly measured in terms of FDI, jobs created, companies set up and real estate acquired) in any of these groupings? Do you want to tell us the FDI rankings in Asean and Apec and which countries have pulled in the most FDI on a cumulative basis?<br /><br />And get this, coke****, what Nor Mohd Yakcop said at the just-concluded capital markets symposium in KL (which, I suppose, you didn't attend). According to reports, he agreed with Singapore Finance Minister Tharman Shanmugaratnam that the momentum from stimulus injections needed to be maintained, but that in Malaysia, the government hoped to see domestic consumption, which was growing steadily prior to the financial crisis, pick up the slack again.<br /><br />However, he warned that "the difference I see in surviving the near-death experience of last year and going forward is that was just the easy part. We just give the palliative and the patient survives."<br /><br />Note his words - "the easy part", "palliative" and "the patient survives". Now that the "easy part" is over, what comes next? And "palliative" is defined as something that relieves, but does not cure the underlying symptoms.<br /><br />Given that Malaysia's budget deficit is expected to balloon to over 8 per cent next year, Nor Mohd Yakcop said that governments would likely have to undertake decisions that, while painful in the short term, would benefit the nation in the longer term. He said: "We may have to look at taxes, for example. One may have to create a broader-based tax which will stand (us) in good stead in the longer run, but that will not be popular".<br /><br />So, Petronas' revenues notwithstanding, Nor Mohd Yakcop may already have fired the first warning shots over the possibility of implementing some form of tax on domestic consumption - like a Goods and Services Tax, for example.skilgannon1066noreply@blogger.comtag:blogger.com,1999:blog-28452020.post-23623100364736052882009-08-10T11:03:58.055+08:002009-08-10T11:03:58.055+08:00Bro anti,
The pigface arsewhore skilmoron is actu...Bro anti,<br /><br />The pigface arsewhore skilmoron is actually a farmhand at Ee Lee Gal Pig Farm Sdn in Toa Payoh, Spore.His job is to keep the sty clean, lick clean pigarses, suck their unwashed dicks and sidle up for them to buttfuck him to Chingkie hell. The idiot bastard is lurking under other nicks now and will make his appeareance sooner than later. He got a companion now in Look Sow Fuck, The Yang Babi for Seremban. <br /><br />Anwar ibrahim, the arsewhore is a waste of pixels. He has got Zaid Ibrahim (look at this pig's face if ever there was a human pig, this one sure fits the bill: http://www.themalaysianinsider.com/index.php/malaysia/34702-zaid-outlines-blueprint-for-pakatan-government) to lick his arse and suck his john. Fuckedup chingkie lovvas par excellence, the two of them.They will pay big time for sure after we have cleaned out the damn chingkie pigs.<br /><br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-47718712542972760112009-08-10T09:54:22.654+08:002009-08-10T09:54:22.654+08:00Bro Warrior 231,
As expected...our pig of the gam...Bro Warrior 231,<br /><br />As expected...our pig of the game has once again back in da house..glad to see u had grilled that filthy pig again as usual..<br /><br />So predictable.. just from the topic : ECONOMY..for sure he will emerged from his chingkieland kandang babi.. <br />his favourite subject....where he can spin his pigbrain circulating from the ass to the cranium to come up with verbal diarhoea to degrade Malaysia directly and the Malays indirectly..a cunning chingkie pig indeed..fetish of becoming an economist thought he already failed misreably been ass-shoved by the very people he always looked down & underestimated..kah..kah..kah..<br /><br />Forever he will remain in typical state of denial..<br /><br />Who else if its not our same-o-shit multiple identities piggy - THE SKILMORON.. <br /><br />He come, brag, throw shit, end up in deep shit and then runaway.. <br /><br />Just imagine he being a piglet that makes those irritating & annoying oinking sound after getting a hard blow kick from you bro 231..last time SatD and you already grilled this babi to ashes..wow! u sure had much fun with it..<br /><br />but as usual..what would WE expect from a typical no maruah chingkie pig..<br />Pigbrain will never learn ..they only sondol everything and love to talk proudly with high nose although its just a fucking flat ..<br /><br />p/s: I describe Anwar as a BABI.. he get too close to the babikind and sondol his own bangsa and negara from the back for his fetish dream of premiership..he is a hybrid babi-chameleon..he is a type of babi that can wear lebai, sikh serban, songkok, or nothing alltogether and even shoved others asshole and pretend not to be seen..nature assimilation..?hahaha..<br /><br />:D muhahaha<br />-anti hindraf & ultra chingkies-Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-53326733521445683352009-08-10T01:32:15.782+08:002009-08-10T01:32:15.782+08:00All politicians pander differently depending on wh...All politicians pander differently depending on who the audience is.<br /><br />UMNO politicians at the UMNO general assembly are extremely pro-malay while on the outside they adopt a more inclusive attitude.<br /><br />The same goes for politicians from MCA and MIC.<br /><br />Inf fact, politicians the world over deliver speeches based / tailored along the lines of who the target audience is.<br /><br />To single our Anwar as a chameleon is misconceived.1Lovenoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-37624918902662836312009-08-09T01:20:18.388+08:002009-08-09T01:20:18.388+08:00Anwar,
Who is he? The Liar,pretender and smooth t...Anwar,<br /><br />Who is he? The Liar,pretender and smooth talker....I support him last GE....and now i realize i fall in his trap.....Hopefully others will also realize.....16sept to take over federal governm, will bring billion dollar of investment from middle east....but end up nothing.....Talk...n talk n talk......But he is smart that other UMNO leaders....He know what plp want to hear....Different group of plp he make diff promises...He smart in stir a shit....<br /><br />ANwar u can cheat me once only but u can;t continue cheating me....To DAP he said secular to PAS islamic country....wat ever promise as long he can be PM...<br /><br />Justice only for him...how abt victim.....Even if 100,000 thousands attented the rally, Governmant shld remember got other 9 millions more plp don;t attended the rally....silent majority want peace...<br /><br />Coz of selffish Anwar and Lim Kit SIang willing to see plp in KL facing traffic Jam...and denied the right to have peace life.....<br />ANd PAS supportes been used by ANwat and Lim Kit Siang to stir the shit...<br /><br />Only the trouble makers affraid of ISA.....other than that whats the problem....Like said....Even punishment for stealing is sentence to death....I have no problem coz im not a robber.....but the robbers will make a lot of noise...coz they want to robe.<br /><br />Anwar crazy to be PM....Disaster for Malaysia....Good in talking and making trouble.....<br /><br />Anwar stupid compare to TDM but smarter compare to Pak LAH...if smart he already become PM and kick out TDM...but old man smarter than him....Where is justice for victim of his unique sex desire....Anwar you better go to bollywood and be an actor...ur good frnd in Philipine already back in acting...<br /><br />But don't worry anwar will still get support coz there is a lot of who beleive his sweet story I enjoy listening his speach expecialy when i need entertainment....Oh Ya is he becoming PM this 16sept or 16thsept next year or 16the sept another next year.....<br /><br />Liar will always lie....simple concept...the bigger the lie the more plp will believe...<br /><br />Muacks...Abg NuarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-43016097937336148092009-08-08T10:34:08.874+08:002009-08-08T10:34:08.874+08:00Wahai Sal-a-din 11.17 am,
Tukar sajalah nama awak...Wahai Sal-a-din 11.17 am,<br /><br />Tukar sajalah nama awak tuh ....buat malu keturunan Sal-a-din ajer pakailah nick lain kerrr...perasan giler pakai nama sal-a-din<br /><br />-GonzoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-49409702464896222412009-08-08T07:28:50.393+08:002009-08-08T07:28:50.393+08:00Warrior 231,
"I beg to differ on the grounds...Warrior 231,<br /><br /><i>"I beg to differ on the grounds that economists who r rooted in reality, are aware of historical antecedents and are attuned to Santayana’s maxim “ that history repeats itself when man fails to learn…….” are able to presciently predict outcomes based on valid and reliable models."</i><br /><br />Touche. And agree entirely with you about Roubini, Krugman, Keynes, Galbraith, Arrow et al. <br /><br />Former Worldly PhilosopherAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-54866790480646784982009-08-07T18:24:57.893+08:002009-08-07T18:24:57.893+08:00dedicated to donplaypuks
https://www.blogger.com/...dedicated to donplaypuks<br /><br />https://www.blogger.com/comment.g?blogID=3534623230230063849&postID=4581827986392911958Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-47768247332848717772009-08-07T16:02:05.088+08:002009-08-07T16:02:05.088+08:00Did someone mention KJ in one of the comments?
To...Did someone mention KJ in one of the comments?<br /><br />To me he is Anwar's second coming. Cakap serupa, gaya sama, idealism pun hampir sama. Dua-dua "Autar banyak".<br /><br />Cheers<br /><br />LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-69905831368104153772009-08-07T15:34:46.418+08:002009-08-07T15:34:46.418+08:00"Anonymous said...
in essence,
dpp is chall..."Anonymous said... <br />in essence,<br /><br />dpp is challenging the Malaysian constitution<br /><br />is there a legal charge for this fella??"<br /><br />Bro Anon, Huh??!! I do not compute Spocky!<br /><br />dpp<br />We rea all of 1 race, the Human Race. That is all that really mattersDonplaypuks®https://www.blogger.com/profile/14885751307558636916noreply@blogger.comtag:blogger.com,1999:blog-28452020.post-78616576666591331432009-08-07T04:26:33.044+08:002009-08-07T04:26:33.044+08:00Part 4
now Skilly pundek
Regarding your caterwau...Part 4<br /><br />now Skilly pundek<br /><br />Regarding your caterwauling about deficits, note that in 1981, under the nincompoop,Razaleigh, the deficit reached 16.7% of GDP!, no one bolted in panic like u idiot :<br /><br />“It is hard to believe that Malaysia’s budget deficit accounted for 15.6 per cent and 16.7 per cent of GDP in 1981 and 1982, respectively, sowing the seeds of the 1985 recession”.<br />http://www.mier.org.my/newsarticles/archives/pdf/drariff21_8_2006.pdf<br /> <br />When Daim took over in 1984, it stood at 8.9%, Cost-cutting measures which aggravated the 1985 recession, ended with the figure being reduced to 2.0% in 1991, setting the stage for the boom easy money years that Anwar enjoyed courtesy of Daim’s effort. <br /><br />In fact, Daim is credited with the growth BUT everything only materialized with the support of Tun as this will attest: http://www.sundaytimes.lk/960811/news3.html. Given all this, red ink is a minor thing for small,vibrant, high savings rate economies like Malaysia unless it becomes oppressive. Deficit spending is the norm now for Japan, the US and even Spore was heavily into it in 2003: http://singapore.usembassy.gov/uploads/images/h2sZji4PH7fmqyTkRPqCrg/FY2003Budget.pdf and as late as last year.<br /><br />A final point I wish to make is Tun’s belief in others even though they never live to his expectations. Both Anwar and Razaleigh share this failure “trait” unlike Daim who vindicated his selection. Tun’s mistake was indulging a charlatan like Anwar, the same way he tolerated an ineffectual but belligerent Razaleigh. Malaysia almost paid the price in 1888 & 1997. Fortunately, the statesman immediately took charge and things normalized by January 1999 when Daim took over for 2 years before Tun returned to the helm until 2003. Bodohwi rehashed Anwar and Razaleigh in more ways than one by plumbing the nether depths while the jury’s out on Najib, though, it doesn’t look good, economy-wise thus far with all that liberalization and weak stimulus thingies.<br /><br />Moral of the story: monkeys will always be monkeys, while class is permanent and form temporary …hahahahahahaha LOL<br /><br /><br />Philosopher<br /><br />While I agree with some of your points, I beg to differ on the grounds that economists who r rooted in reality, are aware of historical antecedents and are attuned to Santayana’s maxim “ that history repeats itself when man fails to learn…….” are able to presciently predict outcomes based on valid and reliable models. Case in point, Nouriel Roubini, Krugman et al. and earlier, Keynes, Galbraith, Arrow etc but that does not apply to the riffraff retards like the LSE bunch who blinded by partisan interests, ideology, rewards or plain pigheadedness could not even tell that Greenspan was blowing bubbles, an upgrded version of the type the Yanks were puffing up in the 20s; the Japs were blowing in the 1980s and anwar was blowing albeit small-time between 1996-1997 as were other simians elsewhere in the world..Dig deeper and one will find most of these bubbles walked hand in hand with Miss Deregulation and with no momma and poppa to call the shots, no wonder innocent love turned into orgies…mmmmmm……….hahahahahaha LOL<br /><br />Any wonder why economics has been getting the short end of the stick, lately. No the US will not pay but rather blast all of us into a nuclear winter. Anyone dare to bet World war 3 is not on the way anytime soon? For the end to economic malaise is often…WAR. So Keynes, may be right about the long run thingy too in a perverse sort of way….hahahahahaha<br /><br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-56269527875327717562009-08-07T04:01:32.913+08:002009-08-07T04:01:32.913+08:00Part 3
At any rate, the figures you quoted are ab...Part 3<br /><br />At any rate, the figures you quoted are aberrations, pigarse :<br /><br />1. Petronas accounting for 50% of revenue in 2008 is perfectly normal given shrinkage in global demand for manufactured goods, particularly electronics and other exports (Malaysia is the 3rd biggest export dependant economy after Spore and HK in Asia), higher oil prices hence more tax revenues etc.<br />2. the fact that those budget deficits have ballooned is partly due to the 2 Extra Stimulus Packages unveiled over the last year<br />3. the global contraction in FDI have virtually emasculated previously healthy FDI inflow and crimped private sector investment. In fact, all major economies have embarked on Keynesian stimulus packages to titillate the economy’s clit with varying degrees of success. Their fiscal thrusts being supplemented by monetary policies like Quantitative Easing, low interest & easy money regimes. Indonesia has gone in the opposite direction but only after splurging over the past few years. Whether that will keep the passion burning is moot and good luck to them.<br /><br />The net impact of CC 1998 has been:<br /><br />1.it proved that unorthodox policies can and do work especially when wielded by a knowledgeable leader like Tun<br /><br />2.that blind adherence to IMF prescriptions is a recipe for social disaster and the fact that the twatlick AI was pushing for it is indicative of his low intellect and knowledge. I will never trust this dickhead with the levers of power. For ultimately economic well being of its populace is the raison d’etre of any government…..<br /><br />More importantly, bastard, u wont find another statesman like Tun M. Even LKY has to kowtow and kiss the gentleman’s arse given that LKY could have never thought up something as flamboyant + have the gumption to c it thru. That explains Harry’s hatred and envy for all things Mahathir for he has been trumped and put in his rightful place, right in the center of the pig’s arsehole. Now Skilly, get into that arse and tell piggy to ferry u to spore, Australia and hinduland to see whether u can get a pigsty job for a change, will ya..arefucked, cumdigged, shitbrained, dogrammed boar!! And don’t dare come back fyckhead for I will skin you for daring to call a statesman a salesman!!! <br /><br />Some papers/articles that give a comprehensive take on the CC:<br /><br />Prema-chandra Athukorala “The Malaysian Capital Controls: A Success Story?”paper for Asian Economic Panel, Brookings Institution, April 9-10, 2007<br /> <br />Doresami, Anita. 2004. From Crisis to Recovery: The Motivations for and Effectiveness of Malaysian Capital Controls. Journal of International Development, 16(2), 241-254.<br /><br />Krugman, Paul. 1998. ‘Saving Asia: It’s Time to get Radical’, Fortune, 138(5):74-80.<br /><br />Mahathir, Dato’ Seri Bin Mohamad (1999) ‘Why Malaysia’s Selective Currency Controls arenNecessary and Why They Have Worked?’, paper presented at the Symposium of the First Anniversary of Currency Control, 2 October 1999, Nikko Hotel, Kuala Lumpur.<br /><br />Landler, Mark. "INTERNATIONAL BUSINESS: The Ostrich That Roared; Did Malaysia, Its Head in the Sand, Duck the Asian Crisis?". The New York Times. http://query.nytimes.com/gst/fullpage.html?res=9C04EFDD133AF937A3575AC0A96F958260&sec=&spon=&pagewanted=all.<br /><br />Books<br /><br />1.Athukorala, Prema-chandra. 2002. Crisis and Recovery in Malaysia: The Role of Capital Controls (2nd Edn). Cheltenham: Edward Elgar.<br /><br />+ many more<br /><br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-33348804158483636702009-08-07T03:56:49.720+08:002009-08-07T03:56:49.720+08:00Part 2
b. the delisting of Malaysia Se by MSCI , I...Part 2<br />b. the delisting of Malaysia Se by MSCI , IFC and Dow Jones affected FDI, especially the hot money variety ( but heh, u cant rely on the addictive fixes forever, something Anwar in his naivete realized to little too late!)<br /><br /><br />3. In terms of budget deficits, the post 1998 saw an increase in budget deficits given that there was a need to mediate the gap created by FDI shortfall and reduced local private sector investment as the key players set about repairing their balance sheets. Moreover, the tech recession caused by the dot.com bubble implosion in the US, in 1999-200 accounted for the increased government spending as manufacturing which is heavily dependant on electronics contracted during that period. Aggregated over 5 year period, budget deficits percentiles amounted to 27.2% or 5.44 per annum, well within international norms. The fact that subsequent administrations skewed up the deficits is none of my business as I noted elsewhere that post 2003, all we have had are a bunch of messed up fucktards both in government and opposition so much so that I have not bothered to vote since 1999. This was particularly so when a sleepy head fucktard of a shriveled dickhead messed the finances up during his 5 year siesta and his penchant for hammocks in corridors which are all in shambles while his supine successor embarks on “not here, not there” stimuli, (in fact prior to the second stimuli, I floated a few suggestions here which u urself commented upon). A stimuli is only a stimulus if spending is initiated by the government to take up private sector slack and FDI diminution,the case in point is Chingkieland, the US, or even Spore where money poured in has somewhat ameliorated the downturn but there is a catch, how far u go before u stoke future inflation, lead to misallocation of resources(in frenzied speculation as the case of China)etc. Secondly, the success of a stimulus depends heavily on how the financial system is healed especially the corporate and banking sectors which is what Tun M astutely did via Dana harta and Danamodal. Once the bad debts were removed, and banks recapitalized, the situation stabilized and returned to normal, 2001 onwards. This move has been recommended as far back as 1999, when Krueger and Tornell observed:<br /><br />The third lesson is that recovery is not possible unless the banking system has been "fixed". If there are sizable portions of banks' portfolios that are nonperforming, the banks themselves cannot extend new loans at reasonable interest rates.<br /> http://www.nber.org/papers/w7042.pdf?new_window=1<br /><br />a recurring theme in Kobayashi’s analysis here on Japan’s lost decade: http://www.voxeu.org/index.php?q=node/3385<br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-82484035641082154652009-08-07T03:54:27.362+08:002009-08-07T03:54:27.362+08:00Part 1
Dei, welcome back....so it turned out to b...Part 1<br /><br />Dei, welcome back....so it turned out to be a shitty place ain’t it bastard. Chingkieland I mean, what with the pneumonic plague brewing, a bubble economy about to implode and an over-inflated stock market primed for a crash,. the stupid bastards fuckheads must be regretting for having over-titillated Miss Economy till she has had a copious orgasm...but more on that some other place some other time. Now back to the central issue, arsewhore!<br /><br />The central issue here is the evolution of an hitherto undiscovered species of chameleon. My point was not about economics, my point was where would Anwar stand when benchmarked against our statesman, par excellence, Tun Dr M, who happens to set the benchmarks pre-circa 1981 and post circa-2003, Ada faham kepala butoh, skilly?<br /><br />In your haste to crucify me, you forgot to address a few issues.<br /><br />1. the valid comparison for my analysis of Anwar-Tun M's economic performance would be the IMF addicted Thailand and South Korea as any respectable economist would vouchsafe in terms of counter factuality. For starters, bastard, the aggregated growth rates post 1998, till 2003 is as follows:<br /><br />Malaysia: 25.2 (av:5.04% p.a) <br />Thailand: 23.8 (av :4.76% p.a) <br />S.Korea: 31.3 ( av: 6.26 p.a)<br /><br />if you look at the 2 subsequent years (after Tun tragically quit to leave us in this morass) before a central plank of the controls, the peg was finally rescinded, Malaysia outpaced S.Korea cumulatively by 3.7%. So bastard, by any measure the controls and the peg were just as effective as the IMF dose but with less social implications and political instability..<br /><br />2. In terms of FDI inflow, Figure 3 will show that South Korea and Thailand substantial inflows post 1998, but this is actually a distortion due to<br /> <br />a.most of these inflows were to effect mergers, acquisitions etc. and not capital investments per se. In fact, the internationally benchmarked accounting principles adopted by Bank Negara (BNM) accounted for a substantial amount of the discrepancy:<br /><br />“…………..During 1998-2000, during the three-year period 1998-2000, capital inflows relating to mergers and acquisitions s amounted to US$ 20.5 billion in <br />Korea (203 percent of total net FDI inflows) and 7.7 billion (50 percent) in Thailand, compared to 2.7 billion (17.2 percent) in Malaysia. It is also important <br />to note that, accordingly to the FDI classification system adopted by Bank Negara Malaysia in its balance of payments accounts, ‘purchase of existing <br />Plant and equipment’ by foreigners is treated as ‘changes of ownership’ not as ‘new investment’. Because of this [sound] accounting practice, whatever takeover that have happed are not reflected in official FDI figures, whereas in Thailand and Korea value of these deals are captured in FDI data together with ‘true’ investment (Ogus 2000).<br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-39181495068024178192009-08-06T23:03:03.643+08:002009-08-06T23:03:03.643+08:00Well said everyone! To me, Anwar represents someth...Well said everyone! To me, Anwar represents something more sinister that we are unaware of. A chameleon is nothing but an adapter and Anwar adapts to the crowd that he is facing at particular time. He is still clueless on how to manage a multifaceted political front because he has been in a single race party.<br />Too bad, I was one of his ardent supporters but things have somewhat sprouted and true colours are to be seen. Whether is a paid article or not, there is truth in it.Tun Adam Malikhttps://www.blogger.com/profile/05213365595834759019noreply@blogger.comtag:blogger.com,1999:blog-28452020.post-42150707155793398662009-08-06T21:03:55.791+08:002009-08-06T21:03:55.791+08:00DontPlayPuks said,
"So, why should anyone pa...DontPlayPuks said,<br /><br />"So, why should anyone pay any heed now to what the Economist says? How have they suddenly become very credible? "<br /><br />DPP, can I get a tuition from you on how to 'belit belit' like a snake.....? How much do you charge ha? per hour? Btw you make a good stand up comic ..<br /><br />Take it as a compliment.<br /><br />- JohnSleepyButAwakenDoeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-26936566711597848332009-08-06T20:06:28.622+08:002009-08-06T20:06:28.622+08:00Those who say that the Economist has also publish...Those who say that the Economist has also published negative reports on Najib and Dr M have missed the point. <br /><br />The newspaper (as the Economist styles itself) has never had anything good to say about Dr M or Najib or Malaysia in general.<br /><br />They only had time for Anwar. Only Anwar could do no wrong in their eyes. Like the other western mags, they gave Anwar a platform. Anwar was their darling; Malaysia's saviour; Asia's renaissance man; the great Asian Hope.<br /><br />Now it looks like they (at least the Economist) have come to their senses and are beginning to see Anwar for who he is....or isn't.prof_ridcullynoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-61986759642886162132009-08-06T19:46:20.404+08:002009-08-06T19:46:20.404+08:00anon@4.06pm,
Thanks. You took the words right out...anon@4.06pm,<br /><br />Thanks. You took the words right out of my mouth ;)<br /><br />Former Wordly PhilosopherAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-89818847410990202152009-08-06T18:15:01.270+08:002009-08-06T18:15:01.270+08:00The Economist once famously called Dr.M an 'co...The Economist once famously called Dr.M an 'conomic pariah'. They got it utterly wrong in 1998 and had to eat humble pie and later acknowledge his correct decision in imposing limited exchange controls during the Asian Currency Crisis.<br /><br />So, why should anyone pay any heed now to what the Economist says? How have they suddenly become very credible? <br /><br />They'll get it wrong again!!<br /><br />dpp<br />We are all of 1 race, the Human Race. That is all that really matters.Donplaypuks®https://www.blogger.com/profile/14885751307558636916noreply@blogger.comtag:blogger.com,1999:blog-28452020.post-78245643144794394692009-08-06T16:43:06.502+08:002009-08-06T16:43:06.502+08:00Anwar,Lim Kit Siang,LIm guan Eng...all good in ta...Anwar,Lim Kit Siang,LIm guan Eng...all good in talking...shithead worthless bastarde asshole.....<br /><br />Good in creating tense and master of racist issues....<br /><br />All blame pass to others.....they are holy, smartest plp in malaysia...If now they do mistake...all becaouse of other plp except them...<br /><br />All this dogs just good in barking and shit stirr...<br /><br />Anwar,Lim Kit Siang,Lim Guan Eng....malaysia will be better without them shit stirr....At least Karpal Singh much smarter and have brain....<br /><br />PR will be more respected with out that three stooges.<br /><br /><br />fhmrojoiohttps://www.blogger.com/profile/14611907080735326179noreply@blogger.comtag:blogger.com,1999:blog-28452020.post-21390395604914646422009-08-06T16:16:43.211+08:002009-08-06T16:16:43.211+08:00Anon 10.33pm
U mean Michael Jackson?Anon 10.33pm<br /><br />U mean Michael Jackson?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28452020.post-30044004106734862252009-08-06T16:07:27.449+08:002009-08-06T16:07:27.449+08:00aiyomanaboleh asked,
"...may I ask which sch...aiyomanaboleh asked,<br /><br />"...may I ask which school of language did you attend? "<br /><br />Oh, I learned from you PR guys at Mkini, MT and the likes, even here at Rocky's blog ....see, you guys are good teachers...considering the results ...Congratulations and keep it up .... :)<br /><br />An anon said,<br /><br />"this fella can say 'amen' RIGHT after cursing."<br /><br />If you're intelligent enough, it was meant to be "Amen" and not as Amen ....rest my case.<br /><br />Unique EntityAnonymousnoreply@blogger.com