Read more at https://www.channelnewsasia.com/news/world/oecd-urges-world-to-play-by-trade-rules-as-tariff-row-rages-10040128
13 Mar 2018 07:02PM
Ricky Lim ·
The OECD appeared to take another jab at Trump - again, without naming him - saying that governments should avoid fiscal policy choices that are "excessively pro-cyclical", meaning further heating up an economy already firing on all cylinders.
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Posted on :- 22 Nov 2017
This is known as the "Boom and Bust" fiscal policies and financial policies - to reap immediate gratification to please the voters by "inflating economic growth" - but bring economic bust a few years down the road.
The world has experience cyclic "boom and bust" - because of such policies.
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Posted on :- 22 Nov 2017
This is known as the "Boom and Bust" fiscal policies and financial policies - to reap immediate gratification to please the voters by "inflating economic growth" - but bring economic bust a few years down the road.
The world has experience cyclic "boom and bust" - because of such policies.
Like · Reply · 1m
Ricky Lim ·
Singapore
In the past, financial crisis one after another is trigger by such policies - and has recently been ratified and regulation put in place - to prevent such cyclic eruption of financial crisis - after a few years - when it bust after boom.
Now Trump want ot reintroduce this "boom and bust" policies again - and stir the World financial system.
Like · Reply · Just now
ricky l
ricky l 2 seconds ago
Wonder how can a Country sustain trillion dollars of debt and need to service hundred and billions dollars of debt interest?
Will the Country even able to repay the debt?
Wonder by deregulating the banking sector, will banks and financial institutions again resort to risky investment and put all the investors and depositors money into big risk of default and run-on bank again.
Less
Ricky Lim ·
Singapore
In the past, financial crisis one after another is trigger by such policies - and has recently been ratified and regulation put in place - to prevent such cyclic eruption of financial crisis - after a few years - when it bust after boom.
Now Trump want ot reintroduce this "boom and bust" policies again - and stir the World financial system.
Like · Reply · Just now
ricky l
ricky l 2 seconds ago
Wonder how can a Country sustain trillion dollars of debt and need to service hundred and billions dollars of debt interest?
Will the Country even able to repay the debt?
Wonder by deregulating the banking sector, will banks and financial institutions again resort to risky investment and put all the investors and depositors money into big risk of default and run-on bank again.
Less
Ricky Lim ·
The Organisation for Economic Cooperation and Development's call comes amid a deepening row over US tariffs on steel and aluminium that has brought on fears of a global trade war.
"Trade protectionism remains a key risk that would negatively affect confidence, investment and jobs," the OECD said in its interim report on the world economy.
While the global outlook had not quite returned to pre-economic crisis levels, stronger investment and improved global trade were nonetheless signs that the world economy is definitely on the mend a decade after the worst recession since the Great Depression of the 1930s
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Posted on :- 12 Mar 2018
Ricky Lim ·
Singapore
It is important for All Countries in the World - differentiate themsevles and set themselves apart from Trump-led notion of "global trade war" - that constitute "MAD - Mutually Assured Destruction".
In 1930s, US also trigger similar tariff and start a trade war with the rest of the World.
It ended in a Deep Depression that beset the whole World where millions of people worldwide lose their jobs, many businesses fold up and many Countries growth go into double digit negative.
As a result, the World started World War 2 - that led to millions and millions of war death - and subsequenty ended the Deep Depression.
Other Countries must wise up - and not follow the footstep of Trump and let Trump destroy the Global Trade and Global Economy.
All Countries in the World should set up a "Trade Firewall" - against Trump led US - to prevent Trump tariff and Trump trade war - from triggering another 1930's Deep Depression or worst start World War 3.
"Trade protectionism remains a key risk that would negatively affect confidence, investment and jobs," the OECD said in its interim report on the world economy.
While the global outlook had not quite returned to pre-economic crisis levels, stronger investment and improved global trade were nonetheless signs that the world economy is definitely on the mend a decade after the worst recession since the Great Depression of the 1930s
===
Posted on :- 12 Mar 2018
Ricky Lim ·
Singapore
It is important for All Countries in the World - differentiate themsevles and set themselves apart from Trump-led notion of "global trade war" - that constitute "MAD - Mutually Assured Destruction".
In 1930s, US also trigger similar tariff and start a trade war with the rest of the World.
It ended in a Deep Depression that beset the whole World where millions of people worldwide lose their jobs, many businesses fold up and many Countries growth go into double digit negative.
As a result, the World started World War 2 - that led to millions and millions of war death - and subsequenty ended the Deep Depression.
Other Countries must wise up - and not follow the footstep of Trump and let Trump destroy the Global Trade and Global Economy.
All Countries in the World should set up a "Trade Firewall" - against Trump led US - to prevent Trump tariff and Trump trade war - from triggering another 1930's Deep Depression or worst start World War 3.
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