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Look at the overnight HIBOR if has collapse from 3.5 to 2.1% as the banking system in HK became flush up with money and few borrowers.
Same will happen in Singapore as economy slows the SORA will plunge ...the FD rate is not sustainable. To pay FD of 4% to the bank needs to lend out at 5% ...there are no takers. They can just get cheap funds paying sora rates.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 15-12-2022, 07:17 AM by
sgbuffett.)
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Will squeeze everyone to compensate the West until the Dollar gets dethroned by the Yuan?
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(15-12-2022, 07:34 AM)Odessy Wrote: Will squeeze everyone to compensate the West until the Dollar gets dethroned by the Yuan?
Their selfish action will expedite the dethroning of USD.
The fall of US empire is coming.
Be prepare not to hold too much USD on hand.
24T USD debt not holding by Fed is scary sia.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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(This post was last modified: 15-12-2022, 08:16 AM by
RiseofAsia.)
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Banks must be flush with FD now. Interest rates will not raise much further.
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(15-12-2022, 08:36 AM)mikotan Wrote: Banks must be flush with FD now. Interest rates will not raise much further.
Banka take in 4% fixed deposit by the billions ...People even transfer the CPF monies SRS en masse .
Now the bank has to lend the money out at 5% to make money. If demand is not there due to economic slowdown ...what happens?
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 15-12-2022, 08:41 AM by
sgbuffett.)
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Our CPF has no increase in interest rates yet?
Why do we need 5 Mayors and 80 PAP Ministers?
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