The Straits Times
Choo Yun Ting
https://str.sg/JVGe
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While Singapore will look to borrow for long-term infrastructure, it has to resist doing so for recurrent expenditure.
to react to the downgrade? do you think the downgrade will cause interest rates to rise for the treasury, our government borrowing debt and filtering down to somebody who wants a home mortgage or a car loan? tel aviv stock market gives a good early indication, at least the initial reaction of markets. s&p downgrade injects further uncertainy into the markets, markets hate uncertainy. i don t expect we ll pay more for interest rates. the downgrade was an symbolic and psychological event, an important one. usually what the s&p gentleman said it is a meaningful indicator of credit risk. u.s. is not a worse credit risk now than two weeks ago. we can print money and our fiscal situation has not changed in the last couple weeks but made a move to make it better. chris: i want to get back to the market side what people are focusing on immediately. wall street had a bad week
to react to the downgrade? do you think the downgrade will cause interest rates to rise for the treasury, our government borrowing debt and filtering down to somebody who wants a home mortgage or a car loan? tel aviv stock market gives a good early indication, at least the initial reaction of markets. s&p downgrade injects further uncertainy into the markets, markets hate uncertainy. i don t expect we ll pay more for interest rates. the downgrade was an symbolic and psychological event, an important one. usually what the s&p gentleman said it is a meaningful indicator of credit risk. u.s. is not a worse credit risk now than two weeks ago. we can print money and our fiscal situation has not changed in the last couple weeks but made a move to make it better. chris: i want to get back to the market side what people are focusing on immediately. wall street had a bad week