Oh, if so, those who take up Fixed Rate loan in the short-end! Ouch! Those who take up Fixed Deposit pegged loan (eg FHDR) with super high spread for long term also at short end! (Wow! DBS make big money!)
And all those "anticipation" about rate increase and SIBOR being jacked up by banks like no tomorrow - consumers also at the short end!
You were saying the above were laughable?
I agree.
It's like..
If you are born in a rich family, you will die...
If you are born in a poor family, you will die...
If you are born in singapore, you will die...
If your parent is a teddybear, you probably won't die then.
I do recall the movie Ted, whereby the Teddybear didn't die.