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
Opinion
Opinion
Inside Out
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
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
