There wasn't a thread dedicated to the impact of the global crisis on Indonesia so here we go.

The rupiah just hit 10,000 to the dollar, the stock market remains closed but is only prolonging the inevitable and Lambert is due to give his assessment on global cable television. Has the world gone mad?

Warning. I will be asking for and getting full moderator rights this afternoon so you have a couple of hours in which to post silly photos and inane comments. Serious, considered and boring postings only please. If you have no idea what a serious, considered and boring posting is, please view Chewwie’s history.

Lamb wasn't here in January 1998 when the rupiah hit 17,000 to the dollar in response to Suharto dithering on IMF austerity measures and floating Habibie as VP. Does Lamb see the rupiah breaching the 17,000 level this time around?

I hate to break this to you, but you've had edit/delete privileges in this forum for nearly 2 years.

I told him we would consider it!

like kenyeung, piss salon is an informed, fair, well-balanced and responsible person, which is why he was made a moderator of this forum by The Administrators.

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Are our Roops going to be wiped out next week? This is a large crisis Baldrick. On the plus side though I see that Mr. Bakrie has taken a shafting and is in some "sticky mud".

Nevermind all that. On the subject of mud, you would do well to remember what Winston Churchill had to say about mud, politics and fluctuating currencies: "He who slings mud generally loses ground. Whereas I am indeed rich, since my income is superior to my expense, and my expense is equal to my wishes. To improve is to change. To be perfect is to change often."

Perhaps you could learn more by watching the fascinating documentary series Churchill's Bodyguard, co-narrated by Dennis Waterman.

I don't think anybody knows what will happen next other than the stock market crashing as soon as it opens. That will drag down the rupiah "sharply" apparently.

Economists three weeks ago were saying the rupiah wouldn't go higher than 9,7 but that prediction appears out the window.

The Lamb's opinion? First thing Monday morning, he is converting his savings to the greenback. Think I'll join him. My NZ savings also took a hit. Biggest drops in the Aussie and NZ dollars in 25 years yesterday.

Wads of US$ here mate....but I'm keeping them

Can I put a tent up in your garden when I finally get evicted from my apartment? I will manicure your lawn and service your wife by way of compensation.

Mr Salon. I, as the moderator of this forum, respectfully request that you stick to the thread. Abuse of fellow Jakchatters, particularly comments pertaining to the ability, or lack thereof, to pleasue their wife, will under no circumstances be tolerated. Consider this a friendly last warning. Enjoy living in a tent.

Stock market drops 107 points during Bush’s speech on the economy.

Today, President Bush gave an eight-minute speech on the economy, which was meant to reassure the markets. “This is an anxious time,” said Bush. “But the American people can be confident in our economic future.” However, ABC News notes that during those eight minutes, the Dow Jones dropped another 107 points. The Dow was down 78.70 at the beginning of Bush’s address, but at 185.66 by the end.

He does a magical way about him..........

Similar story in the UK with the financial minister's speech.

i'm definitely going to continue buying up rp.

Bingo, give that man a gold star.........

Roll those dice.

It will be a semi long term investment, I suspect 6 months or so but you will make money at it. But on the plus side banks (Permata) is giving 13% interest rates for 1 month time deposits. Lot more than anyone is making on their USD today.

No thanks. I don't gamble. I do, however, hedge my risk, & usd is looking a tad risky at the moment.

Over the long run yes the USD is looking like shit but for the near short term the rest of the world has no confidence nor idea about where else to put their assets in to except the USD, just look at the falls in the SGD, the Euro and even our beloved IDR. the only thing that has appreciated besides the USD in the last 10 days is GOLD but even that is up and down.

JKSE Jakarta Composite 1,407.75 12:25AM ET Down 43.92 (3.03%)

Seems to be holding. For now.

Live

http://finance.yahoo.com/intlindices?e=asia