G. Sharmila
KiniBiz
August 21, 2015
TigerTalk
The ringgit has taken more than its fair share of beatings this month, weakening past the 4.0 level against the greenback and some analysts are predicting that it will hit the 4.2 level. Tiger thinks that the currency desperately needs a reprieve and believes that it may happen, though not as soon as she would like.
“Desperation is like stealing from the Mafia: you stand a good chance of attracting the wrong attention.” – Douglas Horton
A special trait that all Tigers have is the ability to sniff out desperation kilometres away from the source, which is usually an unfit kijang struggling to get away or a human being desperately climbing a tree to avoid being eaten by yours truly and the rest of her kind.
But the desperation of the worst kind is when it comes from panicking investors – in this case, those heedlessly fleeing from the weak ringgit. Tiger thinks in some ways they are unjustified and believes that there could be a reprieve in sight for the ringgit, if a confluence of factors take place sooner rather than later. Continue reading “Is there a reprieve in sight for the ringgit?”