Quote:
Originally Posted by Unregistered
US FED rate hike in coming years will kill off all leverage and credit binge.
People are going to fall behind mortgage or car loan installment payments
Big lelong sale coming as people are forced to sell assets ... soon COE price going to hit $25k or even reach $2 like in 2008.
Economic cycle will repeat like the last decade, if you are paying a large part of your salary on interest installments, be very afraid. The economic downturn and interest rate increase will lead to a perfect storm in late 2016/early 2017. |
Yes agree with your assessments.
For my I am sitting on cold hard cash.
Ready to scoop up one or two private properties when prices plunge back to 2009 crisis levels.
Maybe can consider to pick up my 2ND new car when
COE drop <$5k