A worker arranges gold bars at a refinery smelter in Sydney, Australia on July 2. While investors revel in asset price gains, the canary in the coal mine is the continued rise in the price of gold, nagging strength in the bond markets, the weakness of oil and the stubborn strength of the US dollar. Photo: Bloomberg A worker arranges gold bars at a refinery smelter in Sydney, Australia on July 2. While investors revel in asset price gains, the canary in the coal mine is the continued rise in the price of gold, nagging strength in the bond markets, the weakness of oil and the stubborn strength of the US dollar. Photo: Bloomberg
A worker arranges gold bars at a refinery smelter in Sydney, Australia on July 2. While investors revel in asset price gains, the canary in the coal mine is the continued rise in the price of gold, nagging strength in the bond markets, the weakness of oil and the stubborn strength of the US dollar. Photo: Bloomberg
Richard Harris
Opinion

Opinion

The View by Richard Harris

Coronavirus recovery: We the people are to blame for looming debt crisis

  • Public enemies Nos 1 and 2 are central bank managers and free-spending governments who have ignored their greater financial responsibilities
  • As long as governments cater to the unrealistic demands of an increasingly demanding and distrustful public, we the people must also share in the blame

Richard Harris
Richard Harris

Updated: 10:27pm, 16 Jul, 2020

Why you can trust SCMP
A worker arranges gold bars at a refinery smelter in Sydney, Australia on July 2. While investors revel in asset price gains, the canary in the coal mine is the continued rise in the price of gold, nagging strength in the bond markets, the weakness of oil and the stubborn strength of the US dollar. Photo: Bloomberg A worker arranges gold bars at a refinery smelter in Sydney, Australia on July 2. While investors revel in asset price gains, the canary in the coal mine is the continued rise in the price of gold, nagging strength in the bond markets, the weakness of oil and the stubborn strength of the US dollar. Photo: Bloomberg
A worker arranges gold bars at a refinery smelter in Sydney, Australia on July 2. While investors revel in asset price gains, the canary in the coal mine is the continued rise in the price of gold, nagging strength in the bond markets, the weakness of oil and the stubborn strength of the US dollar. Photo: Bloomberg
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Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.