[679:448] Of negative real interest rate?
If Malaysian nominal interest rate currently hovers around 2.7% according to Bank Negara (Interbank interest rate), as it has been for many months now while inflation for October is around 3.2% according to Business Times, then wouldn't that mean, according to Fisher equation, Malaysia had a negative real interest rate a few weeks ago?
Something is wrong here. Am I taking the right interest rate?
Base lending rate (BLR) however is 6%, according to Maybank while ABN Amro Malaysia offers 5.5%. If BLR is the benchmark, then it's my mistake.
Nonetheless, if indeed Malaysia had a negative real rate just a month ago, then our current capital outflow might not entirely due to the current huge rate differential between the US dollar and the Malaysian ringgit.
p/s - dirty Republicans at work. But nothing less than an ingenious political maneuvering:
House GOP Seeks Quick Veto of Iraq Pullout
By LIZ SIDOTI, Associated Press Writer 4 minutes ago
WASHINGTON - House Republicans maneuvered for swift rejection Friday of any notion of immediately pulling U.S. troops out of Iraq, sparking a nasty, sometimes personal debate over the war following a Democratic lawmaker's own call for withdrawal.
Just a day after Rep. John Murtha (news, bio, voting record), D-Pa., stoked a surging political fire over President Bush's Iraq policies by proposing that troops return home now, Republicans brought a measure to the House floor urging that a pullout begin immediately.
The symbolic vote was intended to fail, and furious Democrats accused the GOP of orchestrating a political stunt.
Republicans' call for vote for an immediate withdrawal of US troop from Iraq forces Democrats into a corner with no safe way to go.
I feel it is better for US to remain in Iraq to stabilise it. That aside, I actually admire the ruling Islamic Da'awah Party of Prime Minister Ibrahim al-Jaafari as a Liberal Islamic party, which is so unlike our PAS, which is hardly Islamic, in fact un-Islamic.
Earth, you seem to be a moderate Muslim as on Wikipedia, you listed yourself as a Libertarian Green. I ask you whether you wish to help setup a Liberal Islamic party in Malaysia to resist PAS? Feel free to give me your feedback. Do you think the name of the new party is suitable? Will you agree to be President? :-)
By Anonymous, at 28 November, 2005 13:08
one expression, sorry if it's rude - WTF?
*hands down
By __earth, at 29 November, 2005 00:38
