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Cedric Jamie Soh
16 Sep 2019
Director at Seniorcare.com.sg
Yes.
With interest rate so low, it's going to be very tough to use monetary policies to combat any recession.
In fact, the fed reserve interest rate has already been negative in real terms (the current rate is below the inflation rate, and not too many people talk abt this)
So in a real crisis, I have absolutely no idea who is going to save the day.
We need strong institutes to prepare for the homeless, the soup kitchen, the employment of the last resort.... and probably riot police and army if there are protests and unrests.
PS: I am painting a rather gloomy picture, hopefully, none of this would happen in the next decade or so. At least not in Singapore.
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Some crises are cleaning periods of capitalism (though not planned).
fraud and misinformation should be prohibited by laws/regulations.
central banks should act prudent.
but since nobody can predict the future, implicitly even all pros are only
reacting to situations difficult to influence.