Job market to improve in 2018, but wages not expected to increase rapidly: MAS
With expectations of higher interest rates ahead, households should continue to stay financially prudent, said Singapore’s central bank in its latest annual review of financial stability.
Read more at http://www.channelnewsasia.com/news/singapore/job-market-to-improve-in-2018-but-wages-not-expected-to-increase-9454194
While gradual monetary policy normalisation in developed markets remain supportive of global growth, accommodative financial conditions have also facilitated financial excesses amid persistent search for yield. This raises the risk of disruptive corrections when the excesses are unwound, MAS wrote. MAS also sounded a warning on geopolitical risks and unexpected policy shifts in advanced economies that may trigger a market correction and increased risk aversion, with correlated pullbacks from emerging markets. These could derail global growth, it wrote in its annual report on Singapore's financial health.
-- It is thus important to watch out for Trump's "Boom and Bust" budget, fiscal policies (or his "Economic Yo-Yo" policies) - that artificially inflate economic growth (causing a spiking "Boom" for immediate gratification to his voters --- but will cause a sharp correction in the near term causing a sharp downturn correction - a "Bust" --- that will cause US recession --- and have the impact of pulling down the World Economy --- triggering a World Recession --- like in the past.
Thus Trump enticing US Congress that has just passed his "Boom and Bust or Yo-Yo" budget policies - must be defeated in the Senate --- and look like it is on the verge of being defeated.
US Senate must stop the irresponsible fiscal budget and pass a responsible budget - for the sake of US and the World that has tight integration with US.
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