A woman walks past a property advertisement for Emerald Bay by China Evergrande in Hong Kong, on August 25. Evergrande’s liquidity crisis is not an isolated case, and debt default risks remain a blight of our times. Photo: Reuters A woman walks past a property advertisement for Emerald Bay by China Evergrande in Hong Kong, on August 25. Evergrande’s liquidity crisis is not an isolated case, and debt default risks remain a blight of our times. Photo: Reuters
A woman walks past a property advertisement for Emerald Bay by China Evergrande in Hong Kong, on August 25. Evergrande’s liquidity crisis is not an isolated case, and debt default risks remain a blight of our times. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Why the era of easy money could be with us much longer than expected

  • The long-term damage from the pandemic, nagging economic uncertainties and rising credit default risks mean major industrial nations could be stymied on tighter policy for some time

A woman walks past a property advertisement for Emerald Bay by China Evergrande in Hong Kong, on August 25. Evergrande’s liquidity crisis is not an isolated case, and debt default risks remain a blight of our times. Photo: Reuters A woman walks past a property advertisement for Emerald Bay by China Evergrande in Hong Kong, on August 25. Evergrande’s liquidity crisis is not an isolated case, and debt default risks remain a blight of our times. Photo: Reuters
A woman walks past a property advertisement for Emerald Bay by China Evergrande in Hong Kong, on August 25. Evergrande’s liquidity crisis is not an isolated case, and debt default risks remain a blight of our times. Photo: Reuters
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