Financial read up (wk30)

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Singapore interest rate curve is weirdly bent as illustrated as below chart. Article saying recession is coming. Kinda worry and scary.
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With the expected rising interest rate, will it hit hard the property market and together with the REITs?
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This is the extract from the article which I think very useful for future references.
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But given the expected rising interest rate, so many people flock to this new private property which just launched in about a month time ago. Strange name and strange phenomena.
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Financial read up (wk30) | Ecency