Common sense is uncommon. U.S. got the whole world into a Financial Crisis because of low interest rates of 1% from year 2003 to 2004 leading to over-borrowing and Property Bubble.

They are solving the current Crisis with EVEN lower interest rates (0.25%), even more borrowing by U.S. government of about US$2 trillion.....without realising that they are in the process of creating another Property bubble in Asia, especially China, HK and even Singapore.

One of the key determinants of SIBOR (Singapore Inter-bank Offered Rates) is U.S. Fed interest rates. It looks like U.S. interest rates are likely to remain low for the next 6 months or so, which likely means low SIBOR rates for the next 6 months or so as well.

Regards.

Dennis Ng, http://www.MasterYourFinance.com

4 Nov 2009 WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for "an extended period."

As expected, the central bank closed out a two-day meeting with a decision to keep benchmark overnight interest rates in a range of zero to 0.25 percent. The vote was unanimous.

In a statement, the Fed said the U.S. economy had "continued to pick up" since its last meeting in September, but it expressed concern the recovery was likely to be muted.

3 Nov 2009 NEW YORK (Reuters) - Executives do not expect the U.S. commercial real estate market to emerge from critical condition any time soon, according to a survey by The Real Estate Roundtable.

Although the three indexes tracked by the "Sentiment Survey" have risen dramatically since the near-collapse of financial markets last year, they reflect the respondents' collective sense of relief at having survived the worst of the turmoil, according to The Real Estate Roundtable.

The U.S. commercial real estate market has been in a downward spiral for more than two years. On the whole, U.S. commercial real estate values have fallen about 40 percent from their peaks in 2007. Borrowers face shortfalls in financings when loans come due, while other borrowers are struggling to meet even monthly payments.