The US Federal Reserve has pledged to keep on buying up massive amounts of debt and to keep interest rates low for the next few years. Photo: Reuters The US Federal Reserve has pledged to keep on buying up massive amounts of debt and to keep interest rates low for the next few years. Photo: Reuters
The US Federal Reserve has pledged to keep on buying up massive amounts of debt and to keep interest rates low for the next few years. Photo: Reuters
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Stimulus addiction may be driving the global economy towards a cliff edge

  • Central bankers seem to have little choice other than to offer more stimulus, risking more financial instability later. Debt forgiveness may be the only way out – but therein lie other troubles

Anthony Rowley
Anthony Rowley

Updated: 1:49am, 21 Dec, 2020

Why you can trust SCMP
The US Federal Reserve has pledged to keep on buying up massive amounts of debt and to keep interest rates low for the next few years. Photo: Reuters The US Federal Reserve has pledged to keep on buying up massive amounts of debt and to keep interest rates low for the next few years. Photo: Reuters
The US Federal Reserve has pledged to keep on buying up massive amounts of debt and to keep interest rates low for the next few years. Photo: Reuters
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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