Discover and read the best of Twitter Threads about #hoarding

Most recents (3)

#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%

Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut

#MPC meet was held ahead of schedule from 3rd-5th,June

#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass

Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful

This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels

Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend

Read 10 tweets
Essentially the world learned their lesson two-fold when people inundated the shops hitting hard at toilet paper and cleaning supplies. What we're trying not to do to the hospitals we did to each other anyway with #hoarding #TPShortage2020 #panicshopping.
You are a foolish person if you don't have a child and began hoarding baby wipes. I hope you realize that many of those brands are gentle for babies. Meaning they *are not* going to kill the viruses you're afraid of.
Read 6 tweets
1/ A (very short hur) 22-tweets thread on the aftermath of nation-wide #hoarding & #hysteria in #CoronavirusSingapore.

Now, for a country that trumpets itself as disciplined, rational, and cohesive, the hoarding has been damning.
2/ Many have tried to make sense of the madness we saw.

Some folks, like @warriorzataree, @waresinfoshop, and @kixes, have correctly diagnosed the hoarding as produced by S’pore’s crisis ideology and capitalist & hyper-individualistic systems.
3/ Since independence, the PAP has aimed to engineer a (disempowered) citizenry that is dependent & loyal to the party, but desperate enough to compete in its dog-eat-dog arena.

This is unsustainable…
Read 25 tweets

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