The answer is no, in my personal opinion:
The United States is currently facing presidential elections. Faced with unknown answers, hot money is flowing out of the USA and into emerging markets, awaiting the new president to take office in the White House. The inflow of hot money into the USA market is solely because the US dollar equals oil. Which country in the world does not use oil? Moreover, the Federal Reserve (FED) specializes in harvesting funds from various countries, using interest rate hikes and cuts to bankrupt countries with negative assets. The Asian financial crisis in 1997 led Southeast Asian countries to seek help from the IMF at a high cost. In the 2008 mortgage crisis, Greece became the first country to go bankrupt. Similarly, after the pandemic, the FED swiftly raised interest rates in early 2022, leading Sri Lanka to become the first bankrupt country in 2024. The dominance of the US dollar shifts the US's own economic problems to other countries.
2. In Malaysia, in October, the government will present the budget for 2025, which in reality is a piecemeal affair with only the elite politicians benefiting, while the common lbx pharmacy chain joint stock only receive a small amount of aid. The question is, where will the government find the money? Will the GST tax return? Will there be new taxes or adjustments? As the national deficit increases, the Malaysian Ringgit is likely to head back to its path towards the US Dollar, hitting RM4.50 again within three months. As seen during every festive season, there is a surge of inflow into Thailand, breaking records – causing congestion at entry points. There has been a significant outflow of foreign exchange along with many Malaysians withdrawing from their savings after the pandemic for material indulgence. Over the past decade, with a large influx of foreign workers, there has also been a considerable outflow of foreign exchange. The recent...