Low interest
The lead from the BBC's home page tantalises five ways in which the rise in US interest rates will affect you
. Compelling, no?
Well, unless you live in the US, then by-and-large, no! For it appears that the five ways can be summarised as follows:
- More expensive mortgages and other loans…in the US;
- Smaller pensions and more expensive Uber rides…in the US;
- Job market slowdown and recession risk…in the US;
- Stronger dollar;
- Higher rates abroad.
Probably the only thing that's likely to affect you, if you live in that insignificant void outside the US known as the rest of the world, is #5. Possibly #4, if the thought of blubber-arsed, whiney yanks roaming far-and-wide doesn't float your boat.
But, then again, the article was written by Natalie Sherman, a business reporter in New York. So, you
might as well be a USAsian, otherwise you
aren't significant.