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Thread: US Federal Reserve raises interest rates to 1% in bid to hold off inflation

  1. #11
    Join Date
    May 2012
    Posts
    3,374

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    If you wish for more than 10% interest rates, you can still find them in places like Indonesia.

    Or other emerging Asian economies where you might get 6-8%. Are their properties cheap? Yes. Are the prices dropping? Hell, no! Why?

    But there are very good reasons why developed Asian countries like SG and Japan have sub 2% interest rates, maybe even sub 1%.

    Quote Originally Posted by PropVestor View Post
    Take a look at the historical charting of interest rate from 1988 to 2017 (till date). It is now artificially depressed due to the Great Depression of 2008. MAS kept it low to encourage lending and business activity in such gloomy times. I personally think this is not sustainable for a healthy business environment as cheap money will run out eventually which we are seeing the initial steps of it.

    http://www.tradingeconomics.com/singapore/interest-rate

    I quote:

    "The benchmark interest rate in Singapore was last recorded at 0.22 percent. Interest Rate in Singapore averaged 1.66 percent from 1988 until 2017, reaching an all time high of 20 percent in January of 1990 and a record low of -0.75 percent in October of 1993."
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  2. #12
    Join Date
    May 2012
    Posts
    3,374

    Default

    Quote Originally Posted by Kelonguni View Post
    If you wish for more than 10% interest rates, you can still find them in places like Indonesia.

    Or other emerging Asian economies where you might get 6-8%. Are their properties cheap? Yes. Are the prices dropping? Hell, no! Why?

    But there are very good reasons why developed Asian countries like SG and Japan have sub 2% interest rates, maybe even sub 1%.
    Hong Kong and South Korea also similar interest rate profile.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  3. #13

    Default

    Quote Originally Posted by star View Post
    With rate raising more reasons to remove cooling measures.
    The opposite is true. Prices are rising so I think overstretched homeowners are in for the long haul.

  4. #14

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    With TDSR want to overstretched also got the problem, moreover, TDSR was adjusted twice to help so call overstretched.

    Durian drop waits, Durian don't drop complain.

    How many 10 years can one person have?

  5. #15
    Join Date
    Oct 2012
    Posts
    1,051

    Default

    Quote Originally Posted by Arcachon View Post
    With TDSR want to overstretched also got the problem, moreover, TDSR was adjusted twice to help so call overstretched.

    Durian drop waits, Durian don't drop complain.

    How many 10 years can one person have?
    Very true indeed.

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