美国FED的集体疯狂.

hoollly

Release Date: March 18, 2008
For immediate release

The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Recent information indicates that the outlook for economic activity has weakened further. Growth in consumer spending has slowed and labor markets have softened.  Financial markets remain under considerable stress, and the tightening of credit conditions and the deepening of the housing contraction are likely to weigh on economic growth over the next few quarters.
Inflation has been elevated, and some indicators of inflation expectations have risen.  The Committee expects inflation to moderate in coming quarters, reflecting a projected leveling-out of energy and other commodity prices and an easing of pressures on resource utilization.  Still, uncertainty about the inflation outlook has increased.  It will be necessary to continue to monitor inflation developments carefully.
Today’s policy action, combined with those taken earlier, including measures to foster market liquidity, should help to promote moderate growth over time and to mitigate the risks to economic activity.  However, downside risks to growth remain.  The Committee will act in a timely manner as needed to promote sustainable economic growth and price stability.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; Sandra Pianalto; Gary H. Stern; and Kevin M. Warsh.  Voting against were Richard W. Fisher and Charles I. Plosser, who preferred less aggressive action at this meeting.
In a related action, the Board of Governors unanimously approved a 75-basis-point decrease in the discount rate to 2-1/2 percent.  In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, and San Francisco.




降息不是很出奇的东西,看下降多降少.但是这句:Inflation has been elevated, and some indicators of inflation expectations have risen.

也就是要传达给读者听,现在油价抵达110美元,和金价突破1000是幻觉,这是期望(幻想)出来的.
通货膨胀实际不只没有严重化,还在减轻.如果有严重,那是幻想出来的.

可以从此了解,FED已经下了铁心,以恶性通货膨胀的代价,通过增加货币供应来解决高花红银行家的问题,

金融股票,如果可以因为损失减少而不是获利增加而大涨,前景是多么的危险的.

你有听过,一个股票会因为损失减少而涨上3年的么?如果现在那档股票因为损失减少,而涨40%,那么等它获利增加后,难道要涨到月球去了?

股友

不好意思，已经尽力去读了，还是不了解，请能用白话文和我讲解一下吗。

loong81

我也是。。。。

earthbunny

我也是。。。。

劍之魂

我们都是英文白痴～～～麻烦用中文

股友

３个小时了都没有人要鸟我们，我们自己去一旁堕落去好了。

hoollly

推荐各位使用金山词霸软件,这样用cursor指一指就知道英文字意思.
良好的英文能力,有助于第一时间了解周围事情,和速读能力.

劍之魂

原帖由 hoollly 于 19-3-2008 04:18 PM 发表
推荐各位使用金山词霸软件,这样用cursor指一指就知道英文字意思.
良好的英文能力,有助于第一时间了解周围事情,和速读能力.

网站拿来～～～～～～～～

sakindo

主要是讲联邦储备局降息到2.25而以

sakindo

联储局降息７５个基点至２。２５％而以。

origen

The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Recent information indicates that the outlook for economic activity has weakened further. Growth in consumer spending has slowed and labor markets have softened.  Financial markets remain under considerable stress, and the tightening of credit conditions and the deepening of the housing contraction are likely to weigh on economic growth over the next few quarters.
Inflation has been elevated, and some indicators of inflation expectations have risen.  The Committee expects inflation to moderate in coming quarters, reflecting a projected leveling-out of energy and other commodity prices and an easing of pressures on resource utilization.  Still, uncertainty about the inflation outlook has increased.  It will be necessary to continue to monitor inflation developments carefully.
Today’s policy action, combined with those taken earlier, including measures to foster market liquidity, should help to promote moderate growth over time and to mitigate the risks to economic activity.  However, downside risks to growth remain.  The Committee will act in a timely manner as needed to promote sustainable economic growth and price stability.


今天FED 决定调低它为联邦基金利率所设定的指标７５个基点，达到２。２５％。
近来的消息表明了经济活动的展望还是会减弱。消费成长和劳动市场也减低并且软化下来。金融市场继续乘受相当大的压力，紧缩的信贷市场和房屋市场连续加深的情况将会使到紧接下来几个季度的经济成长受到徂碍。
通货膨胀也已升级，预期货品价格膨胀（inflation expectations）的一些指示（some indicators）也上升。委员会预期下来几个季度的通货膨胀会缓和下来，这结论基于预测将来的能源和物品价格会趋向平稳，资源开发的困境将会缓和。不过，展望通货膨胀的不确定性有增长。日后还必须继续监控通货膨胀。
今天的决议，加上早些时候的，包括助长市场资金流通的措施，应该会促进温和的成长和减轻经济活动风险。不过成长减弱的风险继续逗留，委员会将会采取及时的行动来提升经济成长和稳定价格。

风起云涌

原帖由 origen 于 19-3-2008 06:17 PM 发表
The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Recent information indicates that the outlook for economic activity ha ...

美国实在是要全世界好看－－期货马不是他们自己在炒高炒低－－气候因素和产量对原产品价格的影响已经完全被美国所谓库存－还有美元一再贬值所玩弄

股友

感谢。一直以来都给大家麻烦了。

loong81

美国怎样都不会有事？
因为球在他们脚下？
还有王牌－“美元”在手？

origen

全球商品价格爆跌，老BEN不懂会不会开始笑，有人称赞他的措施了。。

Commodities Drop, Rally in Dollar, Stocks Vindicate Bernanke

By Pham-Duy Nguyen

March 21 (Bloomberg) -- The biggest commodity collapse in at least five decades may signal Federal Reserve Chairman Ben S. Bernanke has revived confidence in U.S. financial firms.

The Standard & Poor's 500 Index posted its first weekly gain in a month, and the dollar leapt from its lowest level since 1973 after the Fed stepped in March 16 to rescue Bear Stearns Cos., the fifth-largest U.S. securities firm, and expanded its role as lender of last resort to embrace the biggest dealers in Treasury notes.

Investors who had poured money into gold, oil and corn, seeking a hedge against inflation and a weak dollar, sold commodities to raise cash or buy stocks. The Reuters/Jefferies CRB Index of 19 commodities tumbled 8.3 percent this week, the most since at least 1956, after touching a record on Feb. 29.

``Bernanke took care of the commodity bubble,'' said Ron Goodis, the retail trading director at Equidex Brokerage Group Inc. in Closter, New Jersey. ``Commodities are coming back to earth. The stock market looks OK, and Bernanke is starting to look a little better.''

Concern that the central bank would let inflation get out of control eased after the Fed cut its key interest rate by 0.75 percentage point on March 18, less than the reduction of at least 1 point that investors had expected.

``Clearly they've gotten some stability,'' said Keith Hembre, a former Fed researcher and chief economist at FAF Advisors Inc. in Minneapolis, which oversees more than $107 billion in assets. ``You have to stand back and say, for the time being, it looks to be a pretty successful combination of moves that have worked.''

Oil Plunges

Gold had its biggest weekly loss since August 1990 after reaching a record $1,033.90 an ounce on March 17. Oil plunged almost $10 over three days, after rallying to $111.80 a barrel, the highest ever. Corn dropped more than 9 percent for the week, the most since July.

Until this week, commodities had outperformed stocks and bonds as the Fed reduced its benchmark rate five times since September, eroding the value of the dollar and fueling concern that inflation would accelerate. This week's rate cut brought the Fed's target for overnight loans among banks down to 2.25 percent.

Because commodities such as oil and gold are priced in dollars, they have risen as the U.S. currency has weakened in response to the Fed's previous rate cuts.

Oil, soybeans, platinum and wheat all jumped to records this year. The weighted UBS Bloomberg Constant Maturity Commodity Index of 26 futures has gained more than 20 percent every year since 2001. The index is up 10 percent this year.

Gold had rallied as much as 43 percent since Sept. 18, when the policy makers began lowering the federal-funds rate for the first time in four years.

Buying Euros

``The markets have been buying euros against the dollar, buying oil and buying gold as hedges,'' said Andrew Busch, a global currency strategist at BMO Capital Markets in Chicago, a unit of Bank of Montreal. ``The Fed calmed the markets.''

Bernanke, 54, is expanding the Fed's monetary-policy toolkit as he seeks to keep strains in financial markets from spiraling into a full-blown meltdown. The world's biggest banks and securities firms have reported $195 billion in asset writedowns and credit losses since 2007 stemming from the collapse of the U.S. subprime mortgage market.

Expanded Collateral

Fed officials on March 11 announced a program to swap $200 billion in Treasuries for debt including mortgage-backed securities. Yesterday, the Fed expanded collateral eligible for its auction of Treasuries to include bundled mortgage debt and securities linked to commercial-property loans.

Earlier this month, the Fed increased the size of separate funding auctions to $100 billion in March from a previously announced $60 billion.

The Fed yesterday said it had lent $28.8 billion to large U.S. securities firms under the program announced on March 16, its first extension of credit to non-banks since the 1930s.

The Fed also put taxpayer money at risk by making available up to $30 billion to JPMorgan Chase & Co. for the purchase of Bear Stearns.

Not everyone is convinced that Bernanke has managed to turn the tide for financial firms.

``He has taken extraordinary measures, things that we haven't seen since the Great Depression,'' said former Fed vice chairman Alan Blinder, a Princeton University professor. ``He's working overtime, literally and figuratively, to get this panic under control. But so far, it's not under control.''

U.S. Treasury three-month bill rates dropped to the lowest since at least 1954 yesterday as investors sought the safety of government debt. Bill rates declined as low as 0.387 percent as finance company CIT Group Inc. drew on $7.3 billion in credit lines after being shut out of short-term debt markets.

``This is all about money,'' said Leonard Kaplan, president of Prospector Asset Management in Evanston, Illinois, who has been trading gold since 1973. ``The Fed can control the price of money but the banks still don't want to lend.''

goodluck88

他已经非常高兴地去了hawaii度假了........

origen

可怜这里的我们还要继续躲在防空洞。。

goodluck88

原帖由 origen 于 22-3-2008 09:27 PM 发表
可怜这里的我们还要继续躲在防空洞。。

我已经掉入黑洞了...........

yusiang

US Fed再酱玩下去,我们大马的commodity-based经济就要完蛋了。