首页
登录
职称英语
It may seem an odd time to worry about savings. This week the National Bure
It may seem an odd time to worry about savings. This week the National Bure
游客
2023-09-08
22
管理
问题
It may seem an odd time to worry about savings. This week the National Bureau of Economic Research declared that the world’s, largest economy, America, had been in recession since December last year. The economies of Japan and much of Western Europe have been declining. A rapid, global, private-sector shift to thrift is exactly what the world economy does not need. That’s why governments around the world have been passing hurried measures to try to encourage people to spend more of their incomes.
In some countries, they should. Asians (and Germans too), have been saving their money with excessive enthusiasm. But other countries’ citizens have been putting too little aside for their old age. In America,the household savings ratio (the proportion of disposable income not used for consumption) has been below 2.5% since 1999; in Britain, it has been below 3% in each of the past two years. The Asians’ thrift made the Anglo-Saxons’ extravagance possible. Through their Increasingly sophisticated financial systems, the Americans and British were able to borrow from the thrifty Asians to finance their spending. And, because their house prices were rising so fast, they had the confidence to do so.
In other words, Anglo-Saxons were able to save their cake and eat it. They did not have to sacrifice consumption in order to build up assets for the future, because loose monetary policies encouraged borrowing that pushed up the prices of housing and other assets, which gave them the illusion of having saved enough. But now this debt burden is being unwound, asset prices are collapsing and savings rates are rising because consumers are unwilling, or unable, to borrow.
Though this is bad news for the American and British economies in the short term, it ought to be good news in the long term. How good, though, depends as much on where people put their savings as on how much they put aside. [br] What enables Americans and British to borrow from Asians to support themselves in finance?
选项
答案
Their increasingly sophisticated financial systems.
解析
由定位句可知,英美可以从较节约的亚洲借款负担自己消费的原因是:日益成熟的金融系统,可见正确答案是Their increasingly sophisticated financial systems。
转载请注明原文地址:https://tihaiku.com/zcyy/2996508.html
相关试题推荐
[originaltext]Formanyinternationalstudents,comingtotheUnitedStates
[originaltext]Formanyinternationalstudents,comingtotheUnitedStates
[originaltext]W:HeyTaxi!M:Whereto?W:Well,I’mgoingtotheNationalMu
[originaltext]Formanyinternationalstudents,comingtotheUnitedStatesa
[originaltext]Formanyinternationalstudents,comingtotheUnitedStatesa
[originaltext]M:Hereweare.ThisistheNationalPalaceMuseum.Whatareyou
[originaltext]M:Hello.InternationalFriendsClub.CanIhelpyou?W:Oh,hell
[originaltext]M:Hello.InternationalFriendsClub.CanIhelpyou?W:Oh,hell
Underpressurefromanimalwelfaregroups,twonationalscienceteachers’a
Underpressurefromanimalwelfaregroups,twonationalscienceteachers’a
随机试题
[originaltext]M:WhattimeisthenexttraintoBejing?W:That’s10:30onPla
[img]2013w35/ct_eusj_euswriting_0005_20138[/img]1.简单描述图表内容2.分析变化的原因3.总结这种变化的趋
患者女性,27岁,妊娠37周,阴道流液3小时入院。患者诊断为胎膜早破,那么采用p
半合成青霉素的分类及其代表药搭配正确的是A.耐酶青霉素--阿莫西林 B.抗铜绿
LOF与投资者交换的是( )。A.基金份额与一篮子股票 B.股票与现金的对价
老张属于低收入人群,年近50的他一直单身,加上自身性格的缺陷,身边很少有朋友,经
管理本行政区域医师工作的机构是A.县级以上人民政府劳动人事部门 B.县级以上人
(2015年真题)采购管理的基本目标有()。A.降低采购成本 B.确保生
某大型乳品加工企业近两年先后发生不同类型的职业病事件,该企业决定开展全公司的职业
根据《绿色施工导则》的规定,“四节一环保”指的是( )。A.节水、节地、节能、
最新回复
(
0
)