Investors short market in reaction to foul mouth new government

Investors short market in reaction to foul mouth new government

There is a difference of what you can say and cannot say when you are in the opposition or in government. For example, you can irresponsibly allege that there is RM1 trillion in national debt when you are in opposition and the consequences that you only lie to your voters to cheat them of their votes. But if you are in government and you still make such untrue statements, it will jolt the markets, undermine investor confidence and throw the entire financial system into doubt causing foreign investors to flee, capital outflows to accelerate and our ringgit to drop. Already, foreign outflows the week after PH won has seen foreign investors pull US$625 million out of Malaysia - close to wiping out all the inflows earlier this year. Our Ringgit has also weakened and is now close to RM4,00 to USD1. You can lie to Malaysians but you must not lie to the investors. They are smarte...

Full article: https://anotherbrickinwall.blogspot.com/2018/05/investors...

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