Thursday, December 30, 2010
Global price "fever" is not easy expert people generally call the future.
<P> U.S. Federal Reserve Board in November the New Deal started the second round of quantitative easing, adding to the dollar in international currency markets weakness, to the global economy of imported inflation and how this will affect global consumption? .In the United States without inflation? ."Print money" policy by the international community unanimously condemn and emergency response, the leaders of the Group of Twenty participants in the "Seoul Declaration" also stressed that the world can not appear competitive currency depreciation, required the developed economies, especially those that issue the reserve currency .economy, the excessive and disorderly exchange rate fluctuations remain vigilant, then, how will the future price trends? .</ P> <P> trend of global integration lead to shopping </ P> <P> to fight inflation, South Korea, Canada and other countries, consumers in developed economies are forced to go abroad to other countries to buy cheaper goods. .There are indications that, in order to maintain the normal livelihood of the people, national consumer shopping trends has shown that global integration. .</ P> <P> with the won-dollar exchange rate has been steadily rising, increasing inflationary pressure in Korea, South Korea, the rate of increase in food prices for three consecutive months in the Organization for Economic Cooperation and Development (OECD) member countries in the second. .November 1 Korea released the latest data show that by bring fresh food prices soaring, the country's October consumer price index (CPI) rose 4.1%, the highest in the past 20 months, the largest increase since. .Currently in the Korean market, the price of cabbage tree more than 1 million won (about 60 RMB). ."Cabbage is not a gold-plated ah? I eat kimchi every day, this price is simply the killing!" 65-year-old South Korean women Huangshun Shan complain. .</ P> <P> Korean crisis directly boost the Chinese vegetable vegetables. .Industry sources, due to the high Korean tariffs, in previous years of the cabbage, radish, South Korean exports are not many. .However, in response to "kimchi crisis", the South Korean government announced that from October 5 to suspend the end of this year to play 30% of Chinese cabbage, white radish 27% of the import tariffs. .Recently, many Korean businessmen went to Northeast China, Shandong and other places procurement of vegetables, should easily thousands of tons. .Some business altogether local procurement, local processing, and export; Some businessmen to seize the food source, directly to the farmland will be under growing radish, cabbage contract down. .It is reported that in previous years, selling only 1,000 yuan per mu to the carrot, now sold for 2,700 yuan. .</ P> <P> the face of the increasing appreciation of the strong Canadian dollar, U.S. prices have been significantly lower than that of Canada, Canadian consumers, the rise of the United States to "shopping" tide, large numbers of Canadian nationals to the United States in order to avoid waiting in line for sightseeing or shopping pass ., have to apply NEXUS Card (NEXUS card is from the Canada and the United States jointly launched the fast pass system). .Data show the number of applications this year, NEXUS card, a 30% increase. .It is reported that during the first Canada Day long weekend, Canadians have the wheels rolling to the United States, in Canada, the beach park "Peace Arch" Highway 99 before the Customs, customs clearance, long queues of vehicles, at least one kilometer long to wait for the general clearance time .up to two or three hours. .</ P> <P> to attract more Canadian citizens to come to shop, Washington state government announced that from July 1 this year, the Canadian province of British Columbia and Ontario, the people went to the state when shopping, without having to pay the local sales .tax, shoppers can save up to 9.5% of the expenses. .</ P> <P> economic policy dilemma </ P> <P> Indian economy maintained a rapid growth in recent years, economic growth this fiscal year is expected to reach 8.5%, this number enough to make India proud, but also to .India's middle class get a raise. .However, the rising prices quickly denied the pay rise to bring joy. .Food prices in India to maintain a continuous 52-week double-digit growth in the second week of October the rate of increase reached 13.75%. .Survey shows that food prices are the greatest Indian concerns of the next six months. .</ P> <P> 11 2 April, the Indian central bank announced interest rate of 0.25%, which is to control inflation in India for this year's 6th rate hike. .Indian Finance Minister Mukherjee said the government hopes to raise interest rates and other measures to control prices in March next year to reduce the inflation rate to 6% to 7%. .However, Mukherjee stressed that the stimulus plan "exit" must be implemented gradually, "the Indian government is now left only to stabilize prices, economic growth can not reduce the dilemma." </ P> <P> Bank of Korea - South Korea .Bank recently released a report to the Federal Reserve announced on November 4 of the second round of the quantitative easing policy questioned. .The report notes that the policy of quantitative easing by the Fed, the next countries to implement the exit strategy may encounter many difficulties, but if the delayed implementation of the exit strategy so that countries are likely to face high inflationary pressure. .To South Korea, the U.S. policy of quantitative easing liquidity may cause the country to increase or adversely affect the financial markets. .Therefore, the Bank of Korea Governor Jin Zhongxiu stressed the need to strengthen the global financial safety net through a large number of short-term debt to prevent the accumulation of excess liquidity and capital. .At the same time, from the medium to long term, South Korea also needs to strengthen the basis of the foreign exchange market, could withstand the impact of capital flows. .</ P> <P> experts, people generally call the future </ P> <P> French pollsters IFOP, a survey showed that among those surveyed, 74% said concerns about inflation, 88% .that prices in the past 12 months has risen 93% believed that the coming year, prices will continue to rise. .The findings show that 68% of people preparing to cut spending, 27% of people are considering the next few months to more savings. .16 Office for National Statistics report released by energy prices and prices of financial services to promote, in October the UK Consumer Price Index annual rate of 3.2%. .British central bank - the Bank of England quarterly inflation recently released report that the recent UK inflation rate will continue to rise, the Bank of England next year will be higher than 2% of the control objectives identified. .</ P> <P> Fed launched the second round of the quantitative easing policy is in response to the current U.S. production and employment status of the slow pace of improvement, but many media and authoritative experts said the policy to stimulate domestic economic growth have little effect .. .International Market News Agency as the U.S. senior journalists, trend of long-term follow Fed policy experts, 史蒂夫贝克纳 said that some stakeholders are expected, if the second round of the quantitative easing policy does not work, then the Fed may also introduce more .quantitative easing policy. .Deutsche Bank Greater China chief economist Ma Jun said, continuing "quantitative easing" policy will push financial assets and commodity prices, which in turn paving the way for future higher inflation. .On the other hand, "quantitative easing" will promote the speculative capital flows to emerging economies, led to these economies face greater risk of inflation. .Overall, therefore future inflation risks facing the world is greater than the risk of deflation, especially in developing countries. .</ P> <P> spam costs to U.S. interests but by the exclusive </ P> <P> Generally speaking, government money first of all spam is hurt the interests of their people, as it directly led to lower purchasing power of ordinary people, in the hands .wealth. .However, over the years, household goods in the U.S. market, ordinary people rarely feel the price increases, the Government's monetary policy will not affect the living standards of ordinary people in the United States. .U.S. born 100 years and cents as the basic unit of currency is still circulating in the market, the U.S. price stability is evident. .U.S. long-term prices remain at low level, which makes the U.S. general population is not sensitive to monetary policy. .</ P> <P> the contrary, the U.S. government issuing the currency to a variety of social welfare in the form returned to the hands of the people, which further improves the living standards of ordinary people. .Such as Barack Obama's health care reform, in large part is to spend the additional dollars. .Moreover, the U.S. dollar is the world's currencies, a large number of dollars circulating in the international market, so all the world's dollar holders additional common share of the Federal Reserve brought the cost of money, and bring additional dollars but only seigniorage .America alone enjoy. .</ P> <P> why U.S. monetary policy does not cause inflation in their countries instead of causing inflation in China? .Rooted in the two countries involved in the process of globalization, the formation of a very beneficial form of economic relations between the United States. .</ P> <P> the U.S. government through the quantitative easing monetary policy, on the one hand does not affect the domestic price fluctuations, on the other hand is very easy to "write off" China's foreign exchange reserves. .This is the U.S. Government on RMB exchange rate has always been half-hearted and does not really put pressure on RMB appreciation the fundamental reason, as U.S. consumers are the biggest beneficiaries of cheap yuan, which greatly resolve the common currency of the American people the government spam .discontent. .Once the sharp appreciation of the renminbi actually appeared in China a large number of "buy" dollar scenario, the U.S. will be even more unbearable. .</ P>.
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