Sunday, November 29, 2009

Get Ready for Half a Recovery

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.
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6 comments:

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

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