- Qzone log
| Back to logs list
22122865 2010 年 11 月 25 日 23:04 Reading (loading. ..) Comments (0) Category: World Comments when
the U.S. Congress in 2010 mid-term elections, the Federal Reserve Bank, through the implementation of secondary quantitative easing (QE2) resolutions, to use 6 billion U.S. dollars to buy government bonds, increasing money market liquidity, so as to achieve increased market confidence to raise stock prices, stimulate the economy, increasing employment, the Americans have a good Christmas this year's goal. The problem is that by printing more money can really stimulate the economy and increase employment it? When inflation comes, how should we respond?
the so-called quantitative easing is indirect printing more money
quantitative easing (QE) is a kind of monetary policy, to increase the money supply,
system in some preparations, the banks maintain a certain percentage of the reserve, the remaining funds can be used for loans. The process of quantitative easing from the increase in deposits, banks can borrow, to re-create more money supply, that is, the multiplier effect of deposit. For example, suppose the reserve requirement is 10% QE $ 10,000 each to create, to produce the final money supply is $ 100,000. Although described as a
QE operation, the central bank market operations through the purchase of public securities, which makes the banks in their clearing accounts within the central bank increase the funds for new money into the banking system. Central banks use the money created out of thin air in the open market purchase of government bonds, loans to deposit-taking institutions, from banks to buy assets. All this will help reduce the government bond yields and reduce the overnight interbank interest rates, banks can only earn low to sitting on a lot of interest in the assets, the central bank expects banks will therefore be more willing to provide loans to earn a return, to ease market financial pressure.
when the money is loose, or buy the assets as inflation and devaluation, the quantitative easing would tend to devalue the currency. May increase the quantitative easing the risk of currency devaluation, the government usually experienced when it introduced the quantitative easing deflation measures. And sustained quantitative easing would increase the risk of inflation.
QE2 a world-wide price increases
by extreme weather, market forces, speculation and hot money QE2 influence global prices of basic foodstuffs in recent Zhangshengyipian. According to the World Bank forecasts, the world's major food price volatility will continue for 5 years.
in Korea, Seoul, meat dish categories: $ 5 to buy about 0.6 kilograms of pork chops Korean domestic production, or 0.8 kilograms of pork, cooked chicken or 2,
mbt shoes uk, buy the local production of kg capacity; vegetables and fruits: $ 5 can buy four apples, or 2 large pears, or a cabbage, cabbage, milk, or two, or six tomatoes, or 8 kiwi. This year in October, the price of cabbage tree even more than 1 million won (about 9 U.S. dollars), prices have gone up by 4 times than usual, is to become a breaking news. Due to abnormal high temperature and frequent rainfall affected the supply of vegetables of poor harvests, South Korea October vegetable prices rose 49.6% year on year, a record high.
New Delhi in India, a high-end supermarkets, $ 5 and was able to buy 22 pounds of potatoes, or 14 kilograms of onions, garlic or 2 pounds or 14 kilograms of tomatoes, or 50 eggs, or 10 pounds cabbage, or Box of 6 liters of milk, or 7.6 pounds of rice. Of course, if it is frequented by families in the general markets, the price will be at least 20% to 30%. According to statistics, more vegetable prices in India increased by 6.84% over the same period last year.
in Australia, $ 5 can buy about 5 bags of pasta filled with a pound or 5 pounds of rice. If you buy seafood, rubber about 2 pounds of small fish or squid; special good luck to catch up with it, $ 5 can buy a 2 pounds cooked shrimp. $ 5 If you buy vegetables, only buy a cabbage, seven vegetables, or a celery, or 2 pounds tomatoes, vegetable salad or a bag of half a catty; such as the purchase of meat, you can buy half a chicken, or the most expensive pound of smoked meat, or steak in a small box (about half a catty); such as the purchase of fruit, can now buy two mangoes.
5 U.S. dollars in Russia, about 150 rubles. Ordinary supermarket in Moscow, spent a total of 150 rubles to buy potatoes, carrots, onions and cabbage 2 pounds each, these are the most commonly consumed local vegetables. But if you buy other varieties of vegetables, the price is not cheap, such as 150 rubles can buy 3 pounds tomatoes, peppers or 3 pounds.
expensive than meat dishes, this is the Chinese people living in the United States feels very strongly about that. Food supermarkets in the United States, $ 5 can buy a roast chicken. Sales of organic food to well-known WHOLEFOOD, the middle class and pay attention to quality of life in the grocery store frequented by Americans. $ 5 can buy a kg here, cherry tomatoes, mini cucumbers or 1.2 pounds, or 1.7 pounds broccoli, or 1.2 pounds of asparagus, and in general patronage of the members of the family system COSTCO, 5 U.S. dollars can buy three common cucumber , or 10 egg-sized tomatoes, or 5 pounds of potatoes, or a small box of about 1.2 kg of spinach leaves and so on. Currently,
cheap mbt shoes, the U.S. food price index in September 2009 increased 1.4%. Beef, pork, chicken and dairy prices are rising, without exception,
mbt sport shoes, and some even rose 20% to 30%, the highest level in 2 years. Overall, vegetable prices are rising.
in Germany, $ 5 to buy: a cabbage, a cucumber, 2 pounds bananas, a pound of rice, a 2-pound piece of bread and margarine, for low-income families, the equivalent of 5 dollars a day living expenses. German Bureau of Statistics latest figures show food prices rose an average 2.9%. Particularly vegetables, up 10.2%, fruit prices rose 8.2%.
both have come out of the economic downturn in emerging economies is still in the doldrums under the United States and Europe, the rise in vegetable prices have become troubled by the global population problem. British Food prices for low-income first to feel the distress.
inflationary pressures in China
southern China, the Canton Fair came to an end earlier this month. During the meeting, agricultural products,
mbt uk, Some people complained that food prices are now as easy as on and roll.
capital, Beijing, CCTV has just completed the tender advertisement. Tender more than 12.6 billion total, a record 17 year high. Wuliangye, Luzhou Sichuan and other generous shot of wine, liquor prices led to conjecture.
this year, rising food prices push CPI to new heights. Although the official number of measures to stabilize prices,
mbt shoes, but the
price Development and Reform Commission Zhou Wang Jun, deputy director, said recently, the current price increases first reason is excess currency. In addition, the hot money speculation factors can not be ignored.
U.S. QE2 quantitative easing monetary policy, so that concerns about excess liquidity in China continues to heat up. SAFE recently said it would However, targets may be hot money China Foreign Exchange Trading Center data show that the RMB against the U.S. dollar on November 10 was 6.6450 yuan central parity, exchange rate reform in 2005 to a record high. National Bureau of Statistics latest data indicates that, compared with September, October in 70 cities in China's housing sales prices, new residential sales price, second-hand housing sales prices are still rising.
China's central bank governor, Zhou Xiaochuan,
mbt lami, Vice Foreign Minister Cui, Vice Finance Minister Zhu Guangyao QE2 on the U.S. and other officials have expressed dissatisfaction with monetary policy. With the tightening of monetary policy is expected to heat up, there is market speculation that China's macroeconomic policy or tone in 2011 from the .
inflation era, the people for what situation?
If the soaring prices, income change, how to face inflationary pressures, countries people are forced to come up with ways to save money.
In the U.S., less vacation, more set of discount coupons (Coupon), often go to the supermarket selling food to eat for free, Carpool or bike to work or go shopping, and more work, less vacation, less foreign to or not vacation.
In China, people bought cheaper than buying frozen meat, to avoid the morning rush hour travel, the morning of grocery shopping into the evening to buy food, go to the supermarket to buy special food.
In Korea, many housewives to cancel plans for this winter kimchi. As the supermarket kimchi products cheaper than half of home-made kimchi, a lot of Korean kimchi products to buy. Many buy only local Korean cabbage, Chinese cabbage began to buy cheap imports.
In India, more and more people to buy fewer new clothes, use less utilities, less phone calls, compressed holiday spending, and reduce travel time.
in the UK, people buy cheaper domestic produced fruits and vegetables, and more to find and use coupons, riding a bike to work, to the wild wild plants to eat, work part time earn extra money, airline tickets in continental Europe resort to save money.
in Italy, housewives and shop set up mutual aid groups, buy directly from manufacturers; to the flea market to buy second-hand furniture; give up buying the brand.