A teller counts yuan at a bank in Lianyungang, in east China's Jiangsu province, in August 2015. Photo: AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Huge public, corporate and household debt looks like the ‘new normal’ for the global economy – until the next crisis

  • Large debts at the public and private level may not matter as long as growth continues and interest rates remain low
  • That could all change should a new financial crisis creep up on the global economy, as has happened before

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A teller counts yuan at a bank in Lianyungang, in east China's Jiangsu province, in August 2015. Photo: AFP
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Shoppers browse at a discount store in Tokyo. Hit by the trade war, the Japanese economy expanded by just 0.2 per cent in the third quarter of 2019. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

A protracted trade war may be the final blow that will sink the indebted world economy

  • Global debt is growing faster than the global economy, which is simply not sustainable
  • And as the US-China trade war drags on, major economies that are reliant on the global supply chain are running just to stay in the same place

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Shoppers browse at a discount store in Tokyo. Hit by the trade war, the Japanese economy expanded by just 0.2 per cent in the third quarter of 2019. Photo: Reuters
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