atans1

Can we have this Swiss “standard” please?

In Uncategorized on 06/11/2019 at 4:29 am

I tot of Goh Chok Tong’s aspiration for Swiss standard of living (We reached it but don’t realise it: Be careful of what you wish form you may just get it) when reading of the situation in Switzerland where home buyers are paid to borrow money

In a few cases in the Swiss cantons of Zug and Graubünden, local banks have offered negative-rate mortgages — borrowers are paid by the lenders to take money to fund their properties because doing so is cheaper than depositing the money with the [central bank]

FT

This Alice-in-Wonderland situation arises because the central bank has a negative interest rate policy. It considers this policy “essential” for the Swiss economy by. The policy is  aimed at curbing the appreciation of the franc and protecting exports. The benchmark rate, set at minus 0.75%, is the lowest of any central bank in the G10 economies. Demark also liddat: Bank pays u to borrow/ Govts borrow for free

Here’s a Swiss standard S’pore should introduce: controlling inconsiderate neighbours.

If you are anti-PAP, you should read

More CGT BS? Swiss Standard? What Swiss standard?

Swiss Standard? What Swiss standard?

  1. his daughter is an expert in high-end living because she married a rich englishman and their english sons have lived in england for more than 30 years.

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