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24-04-2012, 02:25 PM
(This post was last modified: 24-04-2012, 02:25 PM by Jared Seah.)
The US Fed gets no love.
Half it's detractors will either blame it for destroying savers with negative real interest rates and fueling asset inflation; while the other half will blame it for not being accommodative enough to create jobs and support businesses...
I guess the same goes with MAS.
How about Australia with its relatively "strong" AUD and "higher" interest rate? It's a polarised economy and your happiness index may depend whether you are working in the resources sector or not.
There's no such thing as 1 size fits all. We will say or support the measures that benefit us the most and hurt us the least.
1) If I do not have any outstanding car or housing loans, and/or I am not a business owner, I of course will say let interest rate increase!
2) If I like to travel overseas for vacations or wish to invest in overseas assets, or work in a company with mainly domestic sales, of course I would say let Sing dollar appreciates!
3) If I own equities, properties, gold and other assets, and having gone through asset deflation during Asian 97, I would prefer a "little" inflation like now.
There is no reality. What we believe is the reality
Half it's detractors will either blame it for destroying savers with negative real interest rates and fueling asset inflation; while the other half will blame it for not being accommodative enough to create jobs and support businesses...
I guess the same goes with MAS.
How about Australia with its relatively "strong" AUD and "higher" interest rate? It's a polarised economy and your happiness index may depend whether you are working in the resources sector or not.
There's no such thing as 1 size fits all. We will say or support the measures that benefit us the most and hurt us the least.
1) If I do not have any outstanding car or housing loans, and/or I am not a business owner, I of course will say let interest rate increase!
2) If I like to travel overseas for vacations or wish to invest in overseas assets, or work in a company with mainly domestic sales, of course I would say let Sing dollar appreciates!
3) If I own equities, properties, gold and other assets, and having gone through asset deflation during Asian 97, I would prefer a "little" inflation like now.
There is no reality. What we believe is the reality
Just google singapore man of leisure