Monday, July 15, 2019

Anything economic positive news??

There is nothing positive in the horizon to tell and indicate to us the local and global economy is well. On the contrary non-USA have gone into panic mode to start another round of interest rate cuts.

The problem with toying around the interest rates also means you are toying with FD rates. This affects people who depends on interest rates income.  

Does savings in paying mortgages translate into more spending to stimulate the economy???? This is what the theory says BUT there is also another school of thought that it is also unlikely the nett savings from lower loan repayments can also means these people will continue to spend less????


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