According to the Shanghai Securities News reported that Federal Reserve Chairman Ben Bernanke on Friday said, the great depression since the worst financial crisis and global recession, the United States and the world economy is already in the recovery of the edge. Ben Bernanke's speech is considered a recent United States top on the economic prospects of the most optimistic a stance. Similarly, the July second-hand strong sales data also proves that the United States economy began to improve. Speech by Ben Bernanke upbeat and inspiring real estate sales data, on Friday, u.s. stocks open higher to go and create this year's Summit. However, market participants and economists have warned that economic recovery should not be overly optimistic, July 26 cantons continuously high unemployment rate is like hanging in the head of a sword, and can ultimately determine the economic doldrums had to look at employment face.
Economic prospects "for the better"
Ben Bernanke last weekend at the Fed gave a speech at the annual meetings, said that the current United States and the world economy has stabilized, the economic recovery in the near future growth prospects "for the better." However, he also warned that the recovery process is relatively slow, and face "severe challenges."
Ben Bernanke pointed out that, globally, many financial market is still tight, some financial institutions still face significant additional losses, "", many companies and households are still not able to obtain credit, and the unemployment rate is still high.
In his speech, Ben Bernanke also as the fed and the United States Government in a series of initiatives to deal with the crisis. He said that without these "quick and powerful" action, the panic in October last year will continue, more large enterprises will close down the global financial system will also be imperiled. In his view, the global partnership for effective response to the crisis has played a crucial role.
Ben Bernanke's speech is considered a recent United States top on the economic prospects of the most optimistic a stance. His speech and on Friday and second-hand sales data to stimulate three United States stock indices meant high walk, DJI, new record year sandp more.
As of the close, the DJI up 155.91 point, closing 9505.96 points, up 1.67%. This is the DJI since last 4 November for the first time 9500 points mark. That means up 31.68 point, closing 2020.90 points, up 1.59%. Sandp 500 index up 18.76 point, closing 1026.13 points, up 1.86%. The same day, the United Kingdom FTSE 100 index up 2.0%, Germany DAX index rose 2.9%, France CAC40 index up 3.2%. Last Friday, the New York oil price up US $ 74 per barrel breakthrough gateway, this year a new high in price, shouzhang 1.3%.
Control of unemployment as a priority
United States real estate Dealers Association (NAR) on Friday reported that United States July second-hand sales figures increase beyond market expectations, creating new high in the last two years, this indicates that a drag on the world's largest economy into recession's real estate market crisis is mitigated. NAR in report indicated that the United States, second-hand sales year-over-year increase 7.2%, to $ 524 million in digital, invasive since August 2007.
Analysis of the sources, subject to the mortgage foreclosure housing market sales lead to second-hand housing prices, the Government first-time buyers to provide tax benefits and loans cost reduced to close to the historical minimum level and other factors contribute to the United States real estate market's needs are supported, this will contribute to the United States economy from the last century since the 30 's to the most severe recession gradually recovers.
But in the United States unemployment rising in background, more people are likely to lose the United States House ownership, which means that the United States economy from recession to stability will be a slow process.
On Friday's employment data is still worrying, United States economy if you really want to appear real change and employment data is important. United States Department of Labor released on Friday reported that the United States in July 26 cantons of rising unemployment, the labour market will take some time for self-healing, all parts of the capital budget crisis likely will increase.
To have personal income and sales tax revenue decline in the United States suffered heavy losses in the States, this data is also a time to fight, while also strengthening the economists had previously expected, i.e. the overall unemployment rate in the United States will touch on the 10% early next year. But analysts said that the next few months, the United States company is likely to slow down the pace of job cuts, because the manufacturing activities and housing market is showing signs of stabilization.
No comments:
Post a Comment