TR EMERITUS

I explain many issues which are not covered by media, especially our local state mouthpiece. Click to visit the author's website for the full article The common knowledge now is banks hold securities. Interest rates have gone up, so those long term securities create huge unrealised losses in banks. That is true. This works... 

We were told in Singapore, 76 per cent of respondents said they trust their government — the highest among the list of institutions provided in the latest edition of the survey, and matching the highest score in terms of trust in government in the Republic since the inception of the survey. This is something I am not sure... 

American banks will face big problems with their mortgages. They offer 30 year mortgages at fixed interest rate. In the early 2010s, following the 2008 financial crisis, interest rates on 30-year fixed-rate mortgages fell to historic lows, often around 3-4%. In 2020 and 2021, interest rates remained near historic lows, with...