tag:blogger.com,1999:blog-6297413898275266606.post6829715288964276266..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: How To Spin With Statisticshishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-6297413898275266606.post-54931875458888672232013-11-09T14:37:09.341+08:002013-11-09T14:37:09.341+08:00@anon 4.54
I use primary sources. Try the link at...@anon 4.54<br /><br />I use primary sources. Try the link at the top right hand corner of this page (second from top).<br /><br />BTW, let me know if you find any dead links.<br /><br />The only exception is car registration numbers, which can be found on the JPJ websitehishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-84964692065541688922013-11-08T16:54:38.765+08:002013-11-08T16:54:38.765+08:00Mind sharing what are the sources for your data in...Mind sharing what are the sources for your data in this article?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-2644152796448538572013-10-27T03:33:53.845+08:002013-10-27T03:33:53.845+08:00house prices can be limited by limiting loans limi...house prices can be limited by limiting loans limits. Just like when the Govt raised car loans to 55k for govt servants, proton simply raised the price to 55k. If there are no loans for 400k houses then develpers will find ways to build prices to 250,000. Why? simply there are more buyers at the lower level. What about land price, cement and steel? Its the same effect. We were living in attap Destroy Greedy Developers!noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-86753626973295625992013-10-24T16:39:56.000+08:002013-10-24T16:39:56.000+08:00@anon 12.04
ROFLMAO!
Yes, the problem with one t...@anon 12.04<br /><br />ROFLMAO!<br /><br />Yes, the problem with one trick ponies is that they only that one trick...hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-32560766988876464052013-10-24T12:04:23.089+08:002013-10-24T12:04:23.089+08:00Well, it seems that Malaysia is in pretty good com...Well, it seems that Malaysia is in pretty good company. Besides the Malaysian bubble, real or imagined, Mr Colombo is also warning about "growing bubbles in Canada, Australia, Nordic countries, China, emerging markets, Web 2.0 startups, U.S. higher education, and more." I am rather shocked that he missed out the kid with the soap water and blow thingie on my street corner, who still Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-2096562789717482112013-10-23T14:18:16.369+08:002013-10-23T14:18:16.369+08:00Zuo De,
The general consensus in the most recent ...Zuo De,<br /><br />The general consensus in the most recent literature is that fiscal multipliers for consumption are positive but small.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-68544340246708033962013-10-22T17:57:30.190+08:002013-10-22T17:57:30.190+08:00Yup understood, how about the multiplier, none inf...Yup understood, how about the multiplier, none infact maybe negative?<br /><br />Zuo DeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-56899264341694041382013-10-21T15:17:37.493+08:002013-10-21T15:17:37.493+08:00@anon 5.14
That's a really interesting idea a...@anon 5.14<br /><br />That's a <i>really</i> interesting idea and there may be some truth in that. I'll need to do some digging on this.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-3915205306602085172013-10-21T15:09:56.946+08:002013-10-21T15:09:56.946+08:00Zuo De,
Base effect. If I give you RM500 for the ...Zuo De,<br /><br />Base effect. If I give you RM500 for the very first time, there should be a measurable effect on growth. If I give RM500 to you a second time, will that turn up in <i>growth</i> or a continuation of the previous <i>level</i> of spending?hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-32559075701404716232013-10-21T15:07:14.275+08:002013-10-21T15:07:14.275+08:00@anon 8.59
The problem is not the message, the pr...@anon 8.59<br /><br />The problem is not the message, the problem is the way it is delivered.<br /><br />There is no real attempt at analysis, no attempt at a balanced view, no discussion of where his viewpoint might be wrong. In academia, this is called data mining - take a viewpoint and only present the data that represents that viewpoint. <br /><br />It's dishonest.<br /><br />Also:<br /><hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-77791758204976592222013-10-19T08:59:52.280+08:002013-10-19T08:59:52.280+08:00Basically Jesse Colombo ideas is he trying to warn...Basically Jesse Colombo ideas is he trying to warn any economic bubble's that may happen in future (Although I know he maybe negatively speaking). <br /><br />But he knows the basic thing of money creation (Money is created by commercial banks through debt) thus economic crisis will happen once in a decade.<br /><br />So we do not want our country being trap again (Post 2008 global financial Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-18628840286205964772013-10-19T05:14:17.611+08:002013-10-19T05:14:17.611+08:00Could it be that condos are no longer known as con...Could it be that condos are no longer known as condos, but service apartments under commercial land, thus a commercial stock rather than a residential stock?<br /><br /><br />Soho, sofo, sovo... Whatever creative funny names they come up with, it is for residential purpose on commercial land title.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-47743150922723728232013-10-18T22:58:04.128+08:002013-10-18T22:58:04.128+08:00Hishamh,
I was re-reading your article about the ...Hishamh,<br /><br />I was re-reading your article about the stimulus that was neither aggressive nor stimulating in particular to the multiplier effect...<br /><br />The first BR1M i thought was quite stimulating in terms of multiplier effect (resulting in strong Q2, 2012 GDP growth) but the second time round the effect was much muted, is this due to the (higher) base effect from the previous Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-55898196893292727892013-10-18T12:08:38.946+08:002013-10-18T12:08:38.946+08:00Metal,
"The real injustice is really income ...Metal,<br /><br />"The real injustice is really income inequality exacerbated by loose lending policies and unfair taxation"<br /><br />I think it is more likely the influx of foreign workers that suppress wages as well as globalization (china made goods) that keep the income level of worker low or almost no real gain over the last decade.<br /><br />Zuo DeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-89183272382501530042013-10-18T10:27:57.669+08:002013-10-18T10:27:57.669+08:00Metal, on point 3, new completions for housing in ...Metal, on point 3, new completions for housing in Malaysia<br /><br />2003: 261k<br />2004: 209k<br />2005: 191k<br />2006: 199k<br />2007: 195k<br />2008: 146k<br />2009: 132k<br />2010: 110k<br />2011: 77k<br />2012: 119k<br /><br />Growth in residential stock has fallen from over 8% in 2003, to 2.6% in 2012.<br /><br />All data from <a href="http://napic.jpph.gov.my/portal/portal/eps/Online+hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-7238408409838438992013-10-18T10:20:20.499+08:002013-10-18T10:20:20.499+08:00On the point of no foreigners allowed to buy secon...On the point of no foreigners allowed to buy second hand property, I doubt that will have much of an impact. Currently property purchases by foreigners represent 2% of transaction, and even then it's for properties above RM500k<br /><br />http://www.nst.com.my/red/a-storm-in-a-rm1-million-teacup-1.84940roger dodgerhttp://roger.dodger.comnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-42406353418948744162013-10-18T08:42:06.263+08:002013-10-18T08:42:06.263+08:00It takes too long to increase house supply in Mal...It takes too long to increase house supply in Malaysia to be able to damage control in time. Changing rules to speed up will only encourage rouge developers to produce unsafe houses or apartments (see what happens in India and Bangladesh where housing collapsing are common events). Only option is through sales rules, i.e. no foreigners allowed to buy second hand property , or properties in Joe Blacknoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-75105655325982547122013-10-18T00:29:33.490+08:002013-10-18T00:29:33.490+08:00The real injustice is really income inequality exa...The real injustice is really income inequality exacerbated by loose lending policies and unfair taxation. <br /><br />At present, increases in capital gains far outruns increases in income from labor. <br /><br />So those who can afford their first home will be able to afford many many more. Those who can't will never be able to afford one.METALnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-53674110753590922472013-10-18T00:21:17.073+08:002013-10-18T00:21:17.073+08:00Hi Anon,
How did you come to that conclusion? That...Hi Anon,<br />How did you come to that conclusion? That's quite a leap.<br /><br />On containment of soaring house prices, 3 ways to approach it:<br />1) Rid of speculative demand. Mechanisms include stiffer RPGTs (in principle, I support capital gains taxes of any form in general) and Stamp Duties. These mechanisms are surgical in reducing demand from a targeted segment (speculators). But I METALnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-69212135078837341232013-10-17T23:17:56.608+08:002013-10-17T23:17:56.608+08:00It's difficult to contain house price increase...It's difficult to contain house price increases, as the market isn't liquid and prices are determined on the margin i.e. even one sale at an inflated price sets a new price benchmark.<br /><br />Loan restrictions only have limited impact (from historical experience in other countries), so the next best option is increase the supply. To be fair though, banks have been steadily rationing hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-27707553454457408392013-10-17T23:13:13.344+08:002013-10-17T23:13:13.344+08:00What METAL said, though Muamalat doesn't count...What METAL said, though Muamalat doesn't count (it's an Islamic bank, not DFI).<br /><br />Details on what's going on with non-banks are <a href="http://econsmalaysia.blogspot.com/2013/03/bnm-watch-2012-annual-report.html" rel="nofollow">here</a>.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-91523029034888856942013-10-17T21:41:57.940+08:002013-10-17T21:41:57.940+08:00how do we contain soaring house prices? is the cur...how do we contain soaring house prices? is the current house prices at a fair level or is it artificial fueled by speculation? if we can contain house prices, surely our household debt will be in check.. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-71621663240081871582013-10-17T21:28:11.804+08:002013-10-17T21:28:11.804+08:00Likely DFIs like MBSB Bank Rakyat BSN Bank Muamala...Likely DFIs like MBSB Bank Rakyat BSN Bank MuamalatMETALnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-44690620848287106982013-10-17T21:19:46.924+08:002013-10-17T21:19:46.924+08:00Dear Hisham
Actually, personal loans from non-ban...Dear Hisham<br /><br />Actually, personal loans from non-banks is the primary reason for higher household debt. And the higher household debt to GDP ratio is also partly due to slowing NGDP growth. "<br /><br />wow. this is surprising.. what kind of debt is this? when ppl buy iPhone by installments? appliances at court mammoth? Those kinda debt? pls do shar ethe data. I am intrigued by this.Anonymousnoreply@blogger.com