MAS open window for cheap SGD funds at 0.1%..
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Serious Singapore Interbank Lending has collapsed...MAS steps in bail out role..give free money 0.1%
- Thread starter SalahParking
- Start date
Negative interest rate very soon.
anything can happen when your capital account is open ti the world forex.
in 1997, interbank rates shot up to 30% overnight...from 2%..
in 1997, interbank rates shot up to 30% overnight...from 2%..
There is no such thing as free money. Even if the cost of borrowing was literally zero, money borrowed would still have to be returned.
The risk is that money that goes thru the fractional reserve banking system and that gets subsequently loaned out to businesses and individuals gets destroyed due to inability of businesses to pay back due to insolvency, bankruptcy, or low corporate profits. All these can easily happen in a time when global demand has taken a major hit and the world economy is headed to recession.
We need governments to literally print money by issuing government debt and using the proceeds to invest in infrastructure as well as business support, and further wage support.
The risk is that money that goes thru the fractional reserve banking system and that gets subsequently loaned out to businesses and individuals gets destroyed due to inability of businesses to pay back due to insolvency, bankruptcy, or low corporate profits. All these can easily happen in a time when global demand has taken a major hit and the world economy is headed to recession.
We need governments to literally print money by issuing government debt and using the proceeds to invest in infrastructure as well as business support, and further wage support.
Looks like the entire developed world are doing this beginning with Sweden and then Japan.
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