To add gravity to subject, the Swap Offer Rate (SOR) rose to 0.75%, from 0.43%. A 70% increase in just a month. Most home loan packages are based on either the SIBOR or SOR rates, which means fluctuations in these rates can directly affect the property prices and even default rates.
Is this the beginning of the end?
Well, we are not sure. With the oil prices at 5-year low, there may be opportunities to profit. A phenomenon known as a contango is occurring in the oil market. Traders with storage facilities are profiting almost risk-free by locking-in future higher prices. More information can be found in this article: http://www.bunkerportsnews.com/News.aspx?ElementId=d1b5fede-eff0-43e1-a03b-cd1fec7395fa. While this may not be accessible to us retailers, there are still many ways to profit from the low oil price.
However, there is one thing to be sure of. As said in our previous post, this year will be a good bull year for the stock market, proven by historical performance.
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