Shoppers in the US are discovering better deals thanks to low global interest rates, yet inflation still looks like a distant problem. Photo: AFP
Todd G. Buchholz
Opinion

Opinion

Todd G. Buchholz

China and Europe are in a slump, but the US economy is profiting from their pain thanks to low interest rates

  • American workers’ wages are rising and so is their spending, as poor growth elsewhere means low interest rates and, therefore, bargains everywhere

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Shoppers in the US are discovering better deals thanks to low global interest rates, yet inflation still looks like a distant problem. Photo: AFP
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