MAS and PAP banks created a credit bubble that has burst...

SalahParking

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thru bonds after bonds ...corp debt is at highest ever...one by one from capitaland to SPH, SIA, Sembcorp, Keppel, ...all cash flow problem
 
Coming soon? It's already underway! Where do you thing the bulk of the $100 billion is going?
DBS is the defacto agency of MAS, DBS underwrote the largest quantum of SGD Bonds ..in turn earned hugh fees...Now those coys, 1by1 slowly kaputting
 
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