129773984755156250_33Bolao implied QE3 expect dollar selling vulnerability difficult to eliminate the Federal Reserve Chairman Ben Bernanke 26th hinted that the Fed's new round of quantitative easing, caused great shock in the financial markets. Bernanke delivered a speech at the National Association of business economics said the same day, although the United States domestic job market picks up momentum, but the Fed will maintain stimulus measures, including maintenanceUltra low interest rates until 2014. Bernanke says United States unemployment remained at a high level, this may be cyclical, rather than caused by structural factors. He also worried about the current employment recovery may not be sustainable. He also said that the Fed's low interest rate policy will continue to push the unemployment rate down. In addition, "notes King," said Pacific investment management companyI Chief Investment Officer Bill? Gross 25th is expected, the Fed may hint on interest on the Conference in April launched a third round of quantitative easing. Analysts believe that the Bush administration tax policy most will end, and from 2013 onwards United States automatically cut $ 1 trillion federal budget, financial constraints to increase fears of a slowdown in economic growth
tera gold,Therefore need to be fed with more support. Since its beginning, United States economic data show signs of a steady recovery
tera power leveling, particularly in March after interest rates following the Federal Reserve does not mention QE3, market expectations of fed QE3 have a significant cooling. But since last week's housing market data, there seems to be signs of weakening, and Bernanke March 26th speech no doubt verify the doubts of investors. Federal Reserve Chairman Ben Bernanke published as saying, in the course of time, easing should be able to reduce long-term unemployment employment market clearly improved reflecting the decline in layoffs in growth, rather than employees in; there is no conclusive evidence to prove the last year the economy grew faster than currently estimated. Bernanke's speech is "Doves"; on the one handUnited States economic progress achieved a gross understatement, improvement on the job market is very not satisfied and that "policy should be able to reduce long-term unemployment over time loose" clearly points out the optimistic about easing of attitudes, causing market on expectations the Fed implemented a third round of quantitative easing. Dollar extended declines. Deutsche Bank Securities Chief Economist PeterHooper said, "Bernanke's cautious stance is appropriate. In any case, if the economic situation is too optimistic about the future of the Federal Reserve and the actual situation less satisfactory, its reputation has been tested. Therefore, confirm that the economic recovery of the Federal Reserve really get kinetic energy will not be premature to make a decision before. "He mentioned, many policy makers had speculated last year that if the United StatesThe Fed decided to withdraw from its loose monetary policy, the monetary tightening measures will come in due time. United States debt economy faced serious liquidity problems, liquidity gaps and there is still a lot of no plug by QE1 and QE2, the gap is still widening. United States of shrinking liquidity gap with the European banks ' balance sheets and deleveraging go hand in hand. European debtUnder crisis threatens Europe's banking system is not in United States shadow banking system continue to play a role of rock, which required United States domestic financial institutions to disk access, and the most powerful most cannot shirk disk access is the Federal Reserve. Bernanke's comments on Monday finally got the Fed "racked their brains" whole – would not clearly committed the QE3 and not to let the market lost illusions。 In fact, the Fed's "number two"--the New York Fed President Dudley had said on March 19, signs of economic improvement, does not allow high oil prices, tighter spending and weaker housing market growth, such as dispersing risks: "these developments are encouraging, but so that we create a strong and sustained recovery, or is out of danger was too early. "In addition toQE3, the Fed seems to have no choice. Faced with astronomical amounts of current account deficits, global financial deleveraging and the funds of the institution on m exposure control, in addition to monetizing debt, United States has no way out. At present, the Federal Reserve Bernanke hinted QE3 expected, while the dollar sold off potential is difficult to eliminate, dollar still needs to be careful in the future.Dissipate clouds of better-than-expected economic data and European debt has not been accompanied by the European Central Bank last month through a three-year loan to release liquidity, and EU leaders finalising the second round Greece aid programme, European debt crisis eased for the time being, data released on Monday as investors heaved a sigh. According to data published on the day, euro-zone economic locomotive Germany March of business lettersHeart accidents rose to its highest level in eight months, which means that despite the European debt crisis-hit euro-Germany export demand, but Germany still have the opportunity to return to growth. Germany Government has agreed to a temporary European financial stability facility and permanent European stabilisation mechanism during the transition period while "stay afloat", to increase the fight against European debt crisis a "firewall" scale. Member of the EU Monetary AffairsRehn said increasing euro-zone financial "firewall" scale is the main topics of the 30th meeting of euro-zone Finance Ministers meeting. It is reported that "firewall" scale is expected to be 500 billion euros to expand up to 940 billion euros. In addition, Germany Chancellor Angela Merkel warned, because of debt Greece leave the eurozone could lead to disastrous consequences. United Kingdom broadcasts26th a interview broadcast on Merkel. During this period, talked about outsiders to Greece might leave the eurozone debt crisis of speculation. Merkel said that Greece accepted after two rounds of funding also need to take a hard way to achieve economic recovery, and it's away from the euro-zone will be "enormous political error". "We decided to maintain a monetary Union. This is not only aDecided at the monetary level, but is a political decision, "she said," If previously decided and we are one of the members said, "we don't need you", would have disastrous consequences. "Clouds of European debt crisis has not dissipated to the uncertainty in the world economy, market-what happens next? Major Central Bank policy is how to adjust? Brown Brothers HarrimanGlobal head of currency strategy make·qiandele clear to finance new Reporter: Europe will not issue bonds in Europe, will not allow the European Central Bank debt-burdened countries played "Savior" role, will not allow the disintegration of the eurozone. Due to the effect of the European debt crisis a threat to supply, since December last year, the European Central Bank eurozone banks issued more than 1 trillion euro, three-year loanParagraph. The European Central Bank's next meeting will be held on April 4. However, the European Central Bank Board Member Tom plate on the Germany media said current oil prices and rising energy prices push up inflation, but there is no universal price pressure on 2013 inflation will fall again. ECB Executive Board Member Gonzalez? Paramo said on Friday, the European Central Bank has not yet been considered in detail how to removeCrisis support measures, and said the current inflation expectations remain in control. Greece, resulting in its history because of the current situation, fiscal and monetary policy within the eurozone is not uniform. Greece competitiveness is relatively weak, can only be financed by low interest rates, increased government debt the way to deal with this kind of pressure. But I do not believe that Greece leaving the eurozone. Despite continued to remain in the euroAlso very painful, but, by comparison
tera power leveling, exit costs more. The next few years, Greece is still in a State of atrophy, which is where the problem lies. For Spain, and Italy in these countries, also faced a similar predicament, and I believe that this situation will continue for a long time. At the same time, due to worries about inflation and risks on the balance sheet of the ECB, includingGermany number of Central Bank official urged the European Central Bank, Central Bank policy makers lifted as soon as possible, a liquidity measure. Member of the Executive Board of the European Central Bank bonuwa·kaoeer said on Monday, "all must-have tools for massive withdraw liquidity has in place, long-term easing of monetary policy could lead to excessive risk-taking and high leverage and asset price bubbles。 "At present, the euro-zone economic data were better than expected, but now that the shadow of the European debt crisis has not yet been dissipated, euro remains to be careful in the future is wonderful!
Others:
No comments:
Post a Comment