A worker unloads food in the Queens borough of New York City on June 4. Average wage-earners’ salaries have failed to keep up with inflation. Photo: AFP
A worker unloads food in the Queens borough of New York City on June 4. Average wage-earners’ salaries have failed to keep up with inflation. Photo: AFP
Harminder Singh
Opinion

Opinion

Harminder Singh

‘Nixon shock’ still a threat to global economy, 50 years on

  • Nixon’s 1971 decision resulted in a widening wealth gap around the world, irresponsible government spending and asset prices that have gone stratospheric
  • Hong Kong’s economy remains threatened as long as our currency is pegged to the crumbling US dollar and there are no plans in place in case of a currency reset

A worker unloads food in the Queens borough of New York City on June 4. Average wage-earners’ salaries have failed to keep up with inflation. Photo: AFP
A worker unloads food in the Queens borough of New York City on June 4. Average wage-earners’ salaries have failed to keep up with inflation. Photo: AFP
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