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Thursday, August 20, 2015

Oil US$40.80, US$ is at RM4.12876, TNB Shares fall to RM10:40

Kiamat dah tiba folks. Oil has hit US$40.80 per barrel (WTI). The oil fellows say if oil prices go below US$40 per barrel, then the next support level could be around US$30!!

Our dodos are planning the 2016 Budget at US55 per barrel (Brent prices). They are already off by 15% (US$8.00).  When will these morons stop bullshitting themselves? 

Lower oil prices are good for the whole universe. It means the costs of doing business will go down. Air Asia can throw in an extra couple of million free seats. 

But for oil based gomen spending, it means fiscal discipline, dynamic policy making and sound leadership. Unfortunately we have none.




The same morons who screwed up the economy from the time of Abdullah Badawi are still screwing up the economy. The same morons who screwed up Khazanah and the other GLCs from the time of Badawi are still in place.

It is due to their stupidity since the time of Badawi that the economy is in such bad shape.It is due to their stupidity since the time of Badawi that the Ringgit is in such bad shape.

You dont kill the economy or the Ringgit in one day or a few days.  It takes years to destroy an economy and its currency.  They have been doing it all these years.  And the entire Team Moron is still in place. Plus they are led by a super duper Prime Moron now. 

Folks, just now the Ringgit has slipped to 4.12876 against the US Dollar. 


Soon it will hit RM4.15, then maybe RM4.20...we are already in The Twilight Zone. The morons are taking the Ringgit down, down, down.

TNB shares have fallen again today - down about 14 sen to close at RM10.40. Yesterday TNB shares jumped up about 14 sen (I think). I believe the GLCs and our pension fund were asked to "support" TNB shares yesterday. Hence the jump yesterday. All that money has been wasted because without support TNB shares have slumped again today.


My advice to the GLCs is please do not waste money (especially tax payers money or pension fund money) trying to 'support' any GLC counters. Let the markets go where they want. 

Same to Bank Negara, do not waste our foreign reserves supporting the Ringgit. This is a losing game.

Things will not turn around until Team Moron leaves the scene and new policies are put in place to revive the economy. 

That is NOT going to happen if Team Moron continues in office. That is just not going to happen.   So dont burn any more of our money.

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