Guess who wrote this.

[Arcachon]

https://blog.seedly.sg/first-recession-feels-1990s-working-kid

The World is so lucky don't have such a smart person as Federal Reserve Board.

2. Liquidity trap.

This happens when interest rates fall so low, that people do not see the return on holding debt, and rather hold on cash instead.

This scenario is depicted with an inelastic LM line.

In this case, if monetary policy is done to shift the LM curve outwards, output remains similar because people have no incentive to buy debt and the amount of money remains the same.

Liquidity trap

Thus this explains why despite 2 fed fund rate cuts, the market still did not respond likewise, and despite a US$2t stimulus agreed to by the US Congress, we do not see the futures increase as much, only +170.

[Arcachon]

I dare to say he did not even attend one of the Property auction before because if he did he will know less than 1% is sold.

Incredible to AssUme so many things to share.

And there’s also those condos within the S$1–S$1.5m price range that was bought 2–3 years ago https://sbr.com.sg/commercial-property/in-focus/property-auction-listings-surge-mortgage-defaults-hit-owners-in-2019. With further unemployment, the bank will seize the asset eventually if one is unable to make interest payments and defaults on the mortgage loan eventually.

Of course, most of us do not earn income from stocks only or own businesses. Most are employees earning a wage.

Then the question is simple. Where do you see the future of your industry and job post-COVID? Which places should you go to which are bright post-COVID? Do you have the skills needed to get there? What will you do now to get the skills to get there?