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land118
26-01-12, 06:19
BASICALLY, 3 more good years to buy properties at low interest rates....:D

http://online.wsj.com/article/SB10001424052970203806504577182941621926780.html?mod=googlenews_wsj

ECONOMYJANUARY 25, 2012, 5:56 P.M. ET
Fed Expects Low Rates Through 2014

BY LUCA DI LEO, JON HILSENRATH AND TOM BARKLEY

WASHINGTON—Federal Reserve officials Wednesday said they expect short-term interest rates to stay close to zero through late 2014, longer than previously indicated, as they signaled dissatisfaction with the recovery and confidence that inflation is slowing.

The Fed's latest pronouncement, released at the end of a two-day meeting, means the central bank doesn't think it will have to move for nearly three years, roughly a year and a half longer than indicated last August.

Fed officials believe that signaling rates will stay low for a long time will push down not only short-term interest rates but also long-term rates, thus spurring ...
kane
26-01-12, 07:43
Reminds me of the great JPY carry.
phantom_opera
26-01-12, 08:22
Reminds me of the great JPY carry.

it means SIBOR will remain stuck at 0.5% till end of 2014 ... great :tongue3:
DC33_2008
26-01-12, 08:24
It is quite obvious decision given a US Presidential Election year. KBW anticipated this and implement CM5. Otherwise, WT will be sold out and to release the remaining stacks.
Rosy
26-01-12, 08:26
Very bad for savers. Expect fd rates to drop further

No wonder banks are agressively promoting their 3yr fixed rate now
extremme
26-01-12, 08:27
wat about sor? Wat is the current sor rate now?
Rosy
26-01-12, 08:32
wat about sor? Wat is the current sor rate now?
It should drop below sibor in near future.
land118
26-01-12, 09:24
wat about sor? Wat is the current sor rate now?

Check OCBC website:

http://www.ocbc.com/wealth_mgmt/main/index.shtm

3mth SOR: 0.42%
3mth SIBOR: 0.4%
phantom_opera
26-01-12, 10:04
The property anti-inflation speculation will continue ... not even CM6 can stop it ... :)
teddybear
26-01-12, 10:39
That is the answer to: What is the best investment in a super low interest rate environment coupled with volatile & poor economic growth (and even impeding recession)? That is why need CMs! Ops! :(


The property anti-inflation speculation will continue ... not even CM6 can stop it ... :)
amk
26-01-12, 10:40
Check OCBC website:

http://www.ocbc.com/wealth_mgmt/main/index.shtm

3mth SOR: 0.42%
3mth SIBOR: 0.4%

That's yesterday's fixing.
Today SOR3M immediately has a sharp drop to 0.39124 already.
land118
26-01-12, 10:42
That's yesterday's fixing.
Today SOR3M immediately has a sharp drop to 0.39124 already.Ya, that's yesterday...on their website...; sure to drop...lower the better...:D
sh
26-01-12, 10:49
Ya, that's yesterday...on their website...; sure to drop...lower the better...:D

Damn! :mad: Just had my rates adjusted up....

Now have to wait for 3 months before it comes back down.....:simmering:
DC33_2008
26-01-12, 10:53
Good news to all home mortgage owners on variable package!:D
teddybear
26-01-12, 11:46
But the latest CM is just clearly wrong - target the wrong group of people! There is that 80% of HDB citizen buyers chasing up prices in OCR, but the CMs target foreigners & PRs and the remaining 20% private property owners! :banghead:
Analogy: Kill the 20% white rats while letting the remaining 80% of black rats to roam wild and say "horay horay! We solved the rats' problem!" :p



That is the answer to: What is the best investment in a super low interest rate environment coupled with volatile & poor economic growth (and even impeding recession)? That is why need CMs! Ops! :(
Arcachon
26-01-12, 18:20
http://www.ires.nus.edu.sg/workingpapers/IRES2011-005.pdf
TMATT
27-01-12, 11:07
You belong to that 20%?
Think best don't involve the 80%, because we also don't want any policy that affect the 80%, ended up they throw stone at us these 20%.

Buy Private Property, Live Happy
Stay HDB, Live Cheerful.

both side who also don't offence who pls.



But the latest CM is just clearly wrong - target the wrong group of people! There is that 80% of HDB citizen buyers chasing up prices in OCR, but the CMs target foreigners & PRs and the remaining 20% private property owners! :banghead:
Analogy: Kill the 20% white rats while letting the remaining 80% of black rats to roam wild and say "horay horay! We solved the rats' problem!" :p