Tan Kin Lian's Blog: Get Ready for Half a Recovery

Sunday, November 29, 2009

Small businesses are still finding it difficult to get credit and the jobless rate will continue to be high for at least a year. Read this report.

Anonymous said...: The report is on US. Not applicable to Singapore.

Rgds; November 29, 2009 8:43 PM
Tan Kin Lian said...: My friend, who runs a small business, told me that he finds it difficult to get bank credit in Singapore. I think that the problem is world wide.; November 29, 2009 8:56 PM
Anonymous said...: "The report is on US. Not applicable to Singapore".

The assumption of such statement is decouple theory !; November 29, 2009 10:56 PM
Anonymous said...: I thought interest rates are very low is because banks are flushed with deposits and there are not many borrowers.; November 29, 2009 11:44 PM
Anonymous said...: tkl, your friend must be char kway teow guy..no loan from the bank does not mean no recovery...bcuase your friend is just a number...no business, then close down..talk so much if not happy, then work or if not, then borrow money from u afterall u are so good to give advice to pple so do it, dot talk only.; December 01, 2009 12:55 AM
Anonymous said...: Decoupling! Yes!.. in this respect, we are not connected... not to US sub-prime, not to Dubai... but our exports markets,( we are told ) are the US and now the Middle East!

Interest rates for deposits = 0.25%
Interest rates for loans = 6.50%

The spread is wider than products in Geylang.; December 01, 2009 4:47 AM

Sunday, November 29, 2009