Sunday, December 12, 2010

The world economy "after the crisis" era: the global recession is inevitable?.

<P> As the benchmark Dow Jones index of the U.S. economy, fell 1.4% yesterday to close at 10,009.73 points. .The day after the Federal Reserve Chairman Ben Bernanke said he would do everything possible to ensure that the U.S. economy continues to recover, but rose only one day return to the Dow Jones fell another way. .You know, the 10,000 point Dow Jones has become a watershed in the U.S. stock exchange and the economy, if the United States and the second bottom euro-zone economy, the global recession in 1930 have been inevitable. .</ P> <P> look at the trend of the Dow is clearly a form of head and shoulders, because the right part in the form of a shoulder shape. .This pattern also appeared in 1929. .It shows that the market will fall deeper sites, not only that, it is also a trend of major changes in the warning given in advance. .Expert opinion by the United States, once the Dow broke 9,500 points, the Dow is likely to target position near 8300-8400. .The U.S. economy is in recession again. .</ P> <P> Bernanke's words will be the three major U.S. stock indexes had a strenuous day, investors and clear to see, although Bernanke suggested to use unconventional measures to boost the economy, but there is no relevant measures announced .The specific time and details, and even within the Fed have once again used its ability to play effective monetary policy tools had serious differences. .One side is shouting numerous slogans, while the United States will be released this week, August ISM manufacturing and services indices, in August the unemployment rate and other important economic data. .In these data can not be cause for optimism, the market parties are in possession of a wait and worry of mind. .</ P> <P> if, as Mr Bernanke said the U.S. government will rescue at all costs, the U.S. stock market and economy will re-turn for the better it? Fed is now able to play the card is running out, is that large-scale .purchase government bonds, mortgage-backed securities and commercial banks reduced the excess reserve ratio. .But continue to use the quantitative easing monetary policy, inflation is likely to occur and a new financial asset bubble, the future will defeat even worse. .However, if the current laissez-faire economy, the U.S. economy entered 1930 as inevitable as the Great Depression. .In fact, the two countries in dealing with the macroeconomic aspects of government are in a dilemma. .</ P> <P> Fed studied the Great Depression of the 1930s after the withdrawal of money obtained as long as large, will be able to save the crisis and re-let the three major stock indexes and economic prosperity once again, this time with the quality of the last crisis .different. .Year's crisis is a crisis of overproduction, that is, the crisis of insufficient effective demand, then by injecting liquidity to stimulate their recovery. .But this crisis is over-consumption, over-production, caused by the abuse crisis in financial derivatives, it must not rely on quantitative easing policy to solve problems such as stimulation, and only by new ideas, new approaches to solve the global over-consumption ., the problem of excessive speculation, and last year policy of quantitative easing of monetary stimulus, delayed resolution of the crisis in prime time, and consumes a lot of money and material wealth, but also to the future of the global economy on track has caused tremendous obstacles. .</ P> <P> by Dow Jones as the representative of the three major U.S. stock indices go bad, indicating a resurgence in the crisis period, Bernanke can not save Dow Jones, the world economy far into the "post-crisis" era. .The uncertainty of the world economy will affect China A share market and to our economy, "adjusting structure, promoting transformation" brought about many difficulties, especially in China's inflation and asset bubbles also need to be resolved when the mouth. .【】 </ P>.

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