Household debt has reached significantly higher levels in the US than in the euro area, Japan or even globally. Photo: Bloomberg Household debt has reached significantly higher levels in the US than in the euro area, Japan or even globally. Photo: Bloomberg
Household debt has reached significantly higher levels in the US than in the euro area, Japan or even globally. Photo: Bloomberg
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

The dangerous mirage of America’s continued prosperity

  • The signs of US prosperity are brisk job creation and confident spending. But many of the new jobs are insecure and poorly paid and the colossal household debt is sustainable only at current record low interest rates

Household debt has reached significantly higher levels in the US than in the euro area, Japan or even globally. Photo: Bloomberg Household debt has reached significantly higher levels in the US than in the euro area, Japan or even globally. Photo: Bloomberg
Household debt has reached significantly higher levels in the US than in the euro area, Japan or even globally. Photo: Bloomberg
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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