Mdm Lim Hwee Hua, experts have been warning about this since last year

[SNAblog]

Madam Lim, if you haven't realized, experts have been warning about asset bubble since last year. You are more than 6 months late.

http://www.nasdaq.com/aspx/stock-ma...beware-of-asset-bubbles-in-emerging-economies

Singapore Minister: Beware Of Asset Bubbles In Emerging Economies

SINGAPORE -(Dow Jones)- Singapore Second Minister for Finance and Transport Lim Hwee Hua Monday said that emerging economies need to beware of asset bubbles and warned that the current crisis in Europe creates uncertainty in the global economic recovery.

"While the advanced economies will remain major global players, emerging economies are well-positioned to seize the opportunities offered by the very different global landscape... We should nonetheless beware of incipient asset bubbles in these markets," Lim said at a conference.

"If not properly managed, these bubbles can turn to busts and trigger another economic downturn."

She said that recent events such as the sovereign debt crisis in Europe have shown that many political and economic uncertainties beset the global recovery.

"This continues to pose many challenges, not just for governments but also for investors and businesses," Lim said.

 

[jw5]

Experts at stating the obvious and making motherhood statements.

 

[manokie]

Sinkies are paying so much money for this woman to say something that JC students can say.

 

[longbow]

Very fact that emerging economies are fast growing which give rise to asset bubbles.

You have uneven wealth creation where the rich gets a lot richer (think landlord). This continues till the factory jobs underpin worker's wages and the common mass has a voice.

Also asset bubbles in fast growing economies are not as bad as asset bubble in slow growing economies. Japan had an asset bubble but given its slow to no growth there is no way to work off that excess capacity. Its declining pop is no help too.

 

[Watchman]

Just remember if you are poor and stop buying the produce they make .

In no time we will go to war .