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I was talking about actual rates (locked into actual term sheets) not the virtual kind that accountants use

Okay let me make it simple for you. I lend you 100 you agree to pay me 100 + interest every year you pay me part principal 10 and part interest 4.5 So after 7 years, you have repaid 70 in principal and 31.5 in interest After 7 years, you still owe me 30 in principal right? But I forgive...

Dear Locke, I really have no answer for you!

Look at the financial situation for the EU as a whole They have the means Individual nations have had to turn to the IMF precisely because the individual European nations think that their neighbour's problem is not my business That's a political problem, not economic Yeah! that's the...

Like I said, nothing spectacular The Fund is a fire fighter and is going about it's usual business These are nations facing macroeconomic adjustment problems and have been granted loans under various IMF facilities like the Extended Fund Facility (for Greece) among others really is business as usual

Well said!

Actually it is very simple GMS, Just name the country that wasn't paid back by the IMF Just name one

We're talking about the FX mkt dude! The FX mkt doesn't give a shit about the average employee in Singapore The FX mkt responds to news and $$$$$ That's why 4 billion is peanuts in a mkt that trades trillions

You really are confusing! Okay here is my point again: When the IMF allows a country to default, in most cases the nation has already been servicing the loan (interest + principal). Therefore, part of the face value of the loan had already been paid back (so loss is less) In some cases, the...

Yes, it would be good to link to actual evidence and raise the intellectual level of this discussion BUT, I'm doing this while eyeballing other screens at the same time. Explains the poor typing and bad English This is serious stuff for those budding economists out there I'll try and act...

Not really! Seriously, been thru a lot of these situations the "experts" like to talk shit because an impending crisis invites a large audience It also pays to be dramatic because that gets you the media attention There is also the small outside chance that you turn out partially right (even...

Aiya! She can at least pretend to ask for permission.

Never worked a structured products desk and never in sales So Not Quilty Okay Guilty on this one

Just wonder if you can find a referendum out there carried out for an IMF pledge?

The IMF is there to stop contagion Not to bail out idiots You should understand that the Europeans have the means to save themselves The IMF is there to make sure that the world doesn't catch flu because the Europeans keep twiddling their thumbs If and when it gets bad enough, Europe will...

They asked for a collective effort which we joined in. It's a confidence building exercise. As for loaning beyond it's ability, it's a cooperative so members (some have more clout than others) have to agree got it? Why would they need a haircut when they won't/can't risk that much in the 1st...

15 and 10 billion respectively I think Taiwan is always a special case in any international setting

Because it is soooo irrelevant I say again, the IMF is not a bank selling bonds It is not an investment vehicle giving returns it is not even a financial intermediary channelling funds to projects that yield returns IT IS A COOPERATIVE TO FIGHT BIG MACRO PROBLEMS This is why politicians need...

No formula to calculate pledge lah! Each nation looks at their balance sheet and ante up I don't think anybody thought in per capita terms Maybe S'pore (ie. PAP) feels bigger than it is???? Anyway, Parliament should get a say on the kind of global big shot we want to project ourselves as

I didn't say they wouldn't try and save Europe! I did say that they wouldn't kill themselves in the process of saving Europe BIG difference you know! If it really comes to that, I'll see you in the bread line! what's 4 billion when your CPF savings have gone up in smoke! And their all...