Good News.. Good News!!
"Whatever the troubles, they will go away in weeks, if not months. What we are absolutely sure of (about) is that it is set to grow." Minister Mentor Lee Kuan Yew
This was said after news that the US Federal Reserve would cut its discount rate to 5.75 percent.
This is really a piece of happy news: when rates are cut, it has the effect of jolting the real estate market upwards.
Hopefully this translates to a cut in our local context as well. I am hoping that our own local bank can cut its baud rate too! And if anything deductive from the fundamental counts, then I say our economy will and can soar!!
Enjoy!
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