Tuesday, 21 March 2017

Bursa Malaysia. In Da Ass

Is there 2014 house hit for DJ Bazuka. It looks like Bursa Malaysia, is trying hard to find ways to get it In Da Ass.

No need to find ways on how to legalise market making, just sit in the office from nine to five and think of ways to make trading on the stock exchange here more restrictive and unattractive.

The attachment below says it all.

OPEC. I Got U

Is the massive house hit from record producers Duke Dumont and Jax Jones.

Shale oil could be singing just that : I got u to OPEC, as the once mighty cartel once again shoots it's self  on the foot big time, with a messed up and mistimed production cuts.

Reuters have this very sad oil story, which is bad news (don't do it) for what is in store for the Ringgit Malaysia. Read below :

Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June.

The decline also came ahead of the release of U.S. crude inventory data later Tuesday and on Wednesday that is expected to show a crude stock build of 2.8 million barrels for last week, according to a Reuters poll. [EIA/S]

If correct, that would be the tenth weekly crude stock build in the last 11 following a surprise dip in the prior week and could boost inventories back to a record high.

Brent futures for May delivery fell 66 cents, or 1.3 percent, to settle at $50.96 a barrel, its lowest since March 14.

U.S. West Texas Intermediate crude, meanwhile, shed 88 cents, or 1.8 percent, to settle at $47.34 per barrel on the last day for the April contract, falling to its lowest since Nov. 29, before a global effort to shore up prices.

The Organization of the Petroleum Exporting Countries and some non-member producers agreed on Nov. 30 to curb production by 1.8 million bpd from January for six months.

But that deal has unintentionally helped what could be the largest increase in mega projects' production in history, Goldman Sachs said in a research note..

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New production projects and a fresh shale boom could boost output by a million barrels per year and result in an oversupply in the next couple of years, the bank said.

"U.S. oil producers are not going to be held back. For every barrel Saudi Arabia takes off, it looks like U.S. E&Ps (exploration and production companies) are going to put on two," said Kyle Cooper, a consultant for ION Energy in Houston.

The market has declined despite indications on Tuesday that OPEC members increasingly favour extended production cuts but want the backing of non-OPEC oil producers, such as Russia, which have yet to deliver fully on existing reductions.

"OPEC is sticking with a plan that has not worked," said Phil Davis, managing partner at PSW Investments in Woodland Park, New Jersey, noting they are not offering more cuts and no new countries are joining in the cuts.

Commerzbank said that OPEC cuts would need to last into the fourth quarter to achieve the group's goal of reducing record oil stockpiles in industrialized nations to their five-year average.

"We think it is very unlikely that Russia will actively take part in any extension of the production cuts that goes beyond paying lip service to the agreement," Commerzbank said in a note, adding that it would be premature for investors to "pin their hopes" on an extension.

Investors were waiting for data from the American Petroleum Institute (API) at 4:30 p.m. EDT on Tuesday and the U.S. Energy Information Administration (EIA) at 10:30 a.m. EDT on Wednesday. [EIA/S]

PKR, DAP, Amanah, Bersatu. Issues

Is the current single from song writer, Julia Michaels which is storming up the charts.

PKR, DAP, AMANAH and BERSATU it seems have credibility ISSUES, while UMNO is at its strongest since 2013.

All this points to Najib Razak calling for an election soon, to lead UMNO to a general election victory, so says the critically respected Diplomat publication.

Read Below :

The word on the street is that elections in Malaysia will be called this year, ahead of the end of Barisan Nasional’s (BN) five year term. On the surface, it seems like an odd decision. The last election saw BN lose its two-thirds majority in Parliament, along with the popular vote, although a gerrymandered system in which rural Malay votes held more sway than more mixed urban areas kept BN and Prime Minister Najib Razak in power. The nearly four years since have seen scandal after scandal; relentless crackdowns, the fracturing of the opposition, and a massive, international money laundering scheme that implicates even Najib himself.

With everything that’s happened, it’s hard to believe the BN would want to call elections early. But dive in deeper and the on-the-ground reality is starkly different from what one perceives from a distance. BN and its dominant member, the United Malays National Organization (UNMO) are stronger, and more entrenched, today than any point since 2013. 

Ringgit Malaysia. Keep Your Eyes On The Sparrow

Is the 1975 monster hit from the legendary Sammy Davies Jr. The soundtrack is the theme from the TV series Baretta.

The recurring theme of the song is DON'T DO IT, while the lyrics to the song goes something like this.

Keep your eyes on the sparrow
When the going get's narrow
Don't roll the dice
If you can't pay the price
Don't do the crime
If you can't do the time.

Ringgit Malaysia is obviously the sparrow here with both Najib Razak and Mustapa Mohamed saying that the ringgit has stabilised.

At RM4.43 to the US Dollar, and one Singapore Dollar fetching a RECORD RM3.16, this is COLD comfort, so keep your eyes on the SPARROW, as the going from now on is going to get a whole lot of NARROW.

Sunday, 5 March 2017

Ringgit Malaysia. Solo Dance

Is a current top 20 UK hit for Martin Jensen.

It looks like the Ringgit will be doing a solo dance this week, as the market looks worriedly on what will foreign funds do with some RM10.5 billion worth of government bonds that will mature.

The next few days, its internal factors that are going to determine the Ringgit's fortunes, namely has Bank Negara Malaysia, SHOT itself on the foot by crimping the NDF markets.

The ringgit starts the day at 4.45 against the US dollar, 3.16 against the Singapore Dollar.

Satu Ribu Ringgit kini cuma bisa membeli 2.984 juta rupiah Indonesia....

Saturday, 4 March 2017

Donald Trump. Moscow Fucking City

Is the 2015 massive underground club hit for DJ Rich Art.

Donald Trump may have screamed in his heart Moscow fucking city, as he tweeted that former president Obama had his phone tapped.

My take on this is, of course he did it, cowboy (BUT You Will Never Be Able To Prove It). Because if he didn't do it, then no way in hell would your national security adviser, son in law , and attorney general, get caught with their pants down, for lying to congress.

The trio had met with spy master cum Russian ambassador to USA, without leaving any official trail of such meetings, until the anti trump media namely CNN and Washington Post splashed out the story.

Read Below what Trump is tweeting on Obama. The story is from CNN:

President Donald Trump made a stunning claim Saturday, alleging without offering evidence that his predecessor, Barack Obama, wiretapped his phones at Trump Tower ahead of the 2016 election.

"Terrible! Just found out that Obama had my 'wires tapped' in Trump Tower just before the victory. Nothing found. This is McCarthyism!" Trump tweeted early Saturday morning in one part of a six-tweet tirade that began just after 6:30 a.m.

MH370. Don't Give Up

Is the smash hit from the 1980's from the former front man of Genesis, Peter Gabriel and Kate Bush.

MH 370, the relatives of the missing won't give up, as they plan to raise as  RM 50 million to keep the search going.

Read below. Reuters has the story :

Relatives of those who went missing onboard Malaysia Airlines Flight 370 announced on Saturday that they planned to raise millions to fund a search for the aircraft, which vanished nearly three years ago.

Grace Nathan, a Malaysian lawyer whose mother, Anne Daisy, was on the plane, said the families hoped to raise around $15 million (14.1 million euros) as a start. She said the money would be used to finance a search north of the region of the southern Indian Ocean that was jointly scoured for nearly three years by Australia, Malaysia and China without success.

However, Nathan said no money would be gathered until it was sure the three governments had definitely ceased their efforts to find the plane.