Hot point?_其他_趣味英语-查字典英语网

Hot point?

Or where they think a quick buck is to be made. They may be wrong, hence all the fuss we see all the time in the media about where the hot money is and where it is going next.

And, via such media, let’s see for ourselves where all the hot money of the world is, or moving:

1. 3. A DAP MP wants Putrajaya to impose capital controls like that which former prime minister Tun Dr Mahathir Mohamad enacted in 1997 to prevent what he called an impending surge of hot money into the local market would put Malaysia into a tailspin similar to the Asian Financial Crisis.

Klang MP Charles Santiago explained that this time the hot money would come from the US Federal Reserve’s move to spend a whopping US$600 million (RM1.8 trillion) to purchase US Treasuries over the next eight months under its quantitative easing programme.

“You will see a surge in the property, currency and stock markets, including even in food and oil. Therefore, Malaysia has to do something in order to control such movements.

“When the money comes in, it may look all nice but when it leaves, it will leave a whole lot of destruction along the way. Thousands will lose their jobs, our SMEs will shut down,” he warned.

- DAP MP wants Malaysia to impose capital controls, TheMalaysianInsider.com, November 23, 2010.

2. Around the world, around the clock, billions of dollars move in and out of one of the most abstract financial tools ever designed: the S&P 500 futures contract.