The big question in everyone’s mind is “when will be the Big one?
By Big One , I mean the next General election.
It was supposed to be in June or July had BN won a landslide in Sarawak. As it is, it has won only 55% of popular votes, even though it did well to retain the 2/3 majority.
Food prices are going up. Just yesterday, I went to the supermarket, and I was surprised that one brand of Korean KimChi instant noodle is now selling at 14.90 per pack of 5, almost RM3 a packet( I used to get it for around RM 11 or 12 just half a year ago). For that money, I could have a plate of fried kway teow or a One-Ton-Mee just a few years ago. Now for the same amount, I can only eat a plate of instant noodle. Milk has gone up so much, and so are those 3-in-one drinks like nescafe and so on.A pack of nescafe has gone up more than 40% in just a matters of years.
Property prices have skyrocketed, and so will be rental. Recently, I have seen uite a new few tenants taking over the old ones in some of the major shoping omplexes, indicating that rise in rentals have helped killed off some retail businesses . Expect more to do so.
Expect food prices to go up further. Petrol prices too, and it will not be long when the government can no longer subsidise food items and petrol. When thhat happens, TNB will also be allowed to raise its tariff, and every other thing is going to go up. BN has to all an election before all these happen, otherwise they will not stand a chance in polls.
The PM is certainly facing a dilemma when to call the Big One. If he delays calling it, the city folks will be even more hardpressed. When people have little disposable money to spend , how do you expect people to vote?
He has little time to win back the urban people. SO my bet is he will probably call it in the later half of this year after the fasting month.
My take is if BN calls an election this year, it will still win, but it will probably be denied 2/3 majority again. I expect BN will win back some seats in West Malaysia, but lose a few in East , and that will even it up. Unless, of course, if he can force Peh Moh out before the next one. To do so will need plenty of enticing…He has already almost everything in this world, what more can you give Peh Moh?
For those worry about inflation, invest in gold or gold-related currencies such as Aussie Dollars. I expect it to go up further. There is of course a risk there, since money in gold would not give you any interest! Few years ago, I have advised my friends to buy Aussie dollars. Those who have done so will be laughing now.