Potential buyers view a model of New World Development’s Atrium House, Tsuen Wan, in June. Ever-increasing property prices beyond the reach of most Hongkongers, while the government sits on a massive pile of reserves, have been a major cause of Hong Kong’s discontent. Photo: Xiaomei Chen
David Dodwell
Opinion

Opinion

Inside Out by David Dodwell

Inverted yield curves may alarm Donald Trump and the wealthy, but it’s just more stagnation and inequality for the rest of us

  • Low interest rates after the 2008 crisis limit our response to the next recession, but that’s not the only problem
  • For those who aren’t wealthiest of the wealthy, prevailing low interest rates have meant salaries stagnate and savings evaporate

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Potential buyers view a model of New World Development’s Atrium House, Tsuen Wan, in June. Ever-increasing property prices beyond the reach of most Hongkongers, while the government sits on a massive pile of reserves, have been a major cause of Hong Kong’s discontent. Photo: Xiaomei Chen
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