A visit to the local wet market is enough to give you palpitations. Prices of vegetables and fruit have soared, perhaps by as much as a third over the last few years. One news report even said that the price of kangkung rose in December 2013.
Tagged: household debt
Over the past few years, many Malaysians have realised what business journal Forbes has now articulated: Malaysia’s economy, complete with high property prices, low interest rates, rising federal government and household indebtedness, shows all the signs of a classic credit and property bubble. When is it going to pop? (more…)