1997 Asian crisis

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Will it happen again?

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https://www.mewatch.sg/watch/Riding-The-Storm-E1-54064

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The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion.[1] However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided.

Originating in Thailand, where it was known as the Tom Yum Kung crisis (Thai: วิกฤตต้มยำกุ้ง) on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt.[2] As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.[3][4] Foreign debt-to-GDP ratios rose from 100% to 167% in the four large Association of Southeast Asian Nations (ASEAN) economies in 1993–96, then shot up beyond 180% during the worst of the crisis. In South Korea, the ratios rose from 13% to 21% and then as high as 40%, while the other northern newly industrialized countries fared much better. Only in Thailand and South Korea did debt service-to-exports ratios rise.[5]




https://en.wikipedia.org/wiki/1997_Asian_financial_crisis

https://www.investopedia.com/terms/a/asian-financial-crisis.asp#:~:text=The%20Asian%20financial%20crisis%20started,region%20falling%E2%80%94some%20quite%20catastrophically.

[No guessing game]

No

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No

why leh what makes u think so?

[No guessing game]

why leh what makes u think so?

Not this year at least still have several rate cuts up his sleeves

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Not this year at least still have several rate cuts up his sleeves

i think everyone is thinking will rate cut or remain, what if he does something unthinkable?

[No guessing game]

i think everyone is thinking will rate cut or remain, what if he does something unthinkable?

Just think of it this way Rate cuts is used to save recession. He still heve several of them cards so no chance of recession
Rc too soon inflation will go up again. He keeps everyone guessing will prevent market from overheating which the idiots did by selling off when cpi data exceeds expectations.
This pe year he sure will cut for the face of the newly elected president

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Just think of it this way Rate cuts is used to save recession. He still heve several of them cards so no chance of recession
Rc too soon inflation will go up again. He keeps everyone guessing will prevent market from overheating which the idiots did by selling off when cpi data exceeds expectations.
This pe year he sure will cut for the face of the newly elected president

https://www.businesstimes.com.sg/wealth/are-us-presidential-elections-bullish-or-bearish-markets

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presidential elections only in Nov

you mean he will maintain markets for Biden more likely... i kind of disagree

[No guessing game]

presidential elections only in Nov

you mean he will maintain markets for Biden more likely... i kind of disagree

At least he  kept u guessing. He achieved what he wanted. He say rate cuts his colleagues come out occasionally to say na wont happen.
Good play by them

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me thinks they will want to keep things peaceful before presidential elections, but not necessarily doing so to favour Biden

however, right now seems that that a lot of volatile things happening around the world........ AI, wars... very uncertain

u still very optimistic in the short medium term?

[bsg]

Won't happen again lah.

U can see pattern dollar pound euro oil gold n crypto.

Worst case scenario all crypto bros die 1 more time this time. This time dies will be really ham ka chan that type.

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Won't happen again lah.

U can see pattern dollar pound euro oil gold n crypto.

Worst case scenario all crypto bros die 1 more time this time. This time dies will be really ham ka chan that type.

that time alr die until many coins drop to almost no value this time how to be worse. at most same nia

[bsg]

that time alr die until many coins drop to almost no value this time how to be worse. at most same nia

No what. Where got all crypto died. All still holding btc n blowing balloon for it to explode 1 more final implosion.

This time btc implode surely very spectacular one. At least 50 pax jump floor that type within a month of the implosion.