People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP
People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

The world’s mounting debt crisis must solved before it blows up in our face

  • The lack of an exit strategy from the monetary excess is catching up with the world
  • The QE largesse did not go into investment and consumption but it did prop up financial institutions that were swaying on the edge of the abyss

People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP
People walk past the New York Stock Exchange. The quantitative easing bluff has been called and financial markets know now that they can force monetary authorities to extend or increase stimulus by throwing a taper tantrum. Photo: Getty Images/AFP
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London