MAS' Ravi Menon warns of 3 bears that could spoil investors' Goldilocks fairy-tale in 2018

SINGAPORE (Jan 15): Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), has warned that while economic indicators are pointing towards a Goldilocks economy that is chugging along comfortably, there are unseen risks – the three bears – that might return to spoil the fairy-tale.

“Unlike fairy-tales which tend to have a ‘happily ever after’ ending, the real world is characterised by cycles of good times and bad times,” Menon says at the UBS Wealth Insights Conference on Monday.

According to Menon, the three potential party-poopers are the “Papa Bear” of inflation, the “Mama Bear” of protectionism, and the “Baby Bear” of financial instability.

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