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2 comment(s). Last comment by beinvested 2023-03-23 10:00
Posted by beinvested > 2023-03-23 10:00 | Report Abuse
The Federal Reserve is again raising its key interest rate 0.25 percentage point, to a range between 4.75% and 5%, the highest level for the federal funds rate since 2006.
The banking in Malaysia better don't follow through conveniently anymore. The local households/ borrowers already being burdened with the diminished purchasing power following the higher prices of products and the numerous hikes of interest rates by our BNM. From the softened market, what more money the peoples do have anymore to service the higher cost of borrowing? Madness as shown by these USA policy makers.
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
beinvested
2,414 posts
Posted by beinvested > 2023-03-21 13:15 | Report Abuse
Roughly a week after the collapse of SVB in America, another bank from Switzerland, namely Credit Suisse went into difficulty/bankruptcy that need the help/bail-outs from UBS which another bank from the same country.
Presumably, the big banks from the West/USA can not be brought down within a short notice that owing to their failures to manage their financial position professional. Unlike the banks in Asia that mostly being managed prudently and monitored by the central banks meticulously.
The economy of USA/West now already entered the stage where they are no longer productive. The people lives on credit terms and the governments are funding their administration by printing money/borrowings. The banks are being exposed to the lending/investment risks that were not seen before. Somehow, their banks and financial system has become the victim of their own doing.