OK, I'll try to contain my exuberance in posting this from Ravi Menon, managing director of the Monetary Authority of Singapore 9the central bank)
- "The markets have been amazingly resilient to episodes of risks
- There has been hardly a response to some of the risks that have been manifesting, so I do think those risks are being underestimated.
- Excessive exuberance is always, in and of itself, cause for concern."
Menon was on Bloomberg TV, link here for more. it includes a good Q&A on his economic outlook and more.
