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
43
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 caused the declining of asset prices and rising of saving rates?
选项
答案
Consumers are unwilling or unable to borrow.
解析
由定位句可知,导致目前资产价格的剧降和储蓄利率上升的原因是:消费者不愿意或者无能力借款。故正确答案是Consumers are unwilling or unable to borrow。
转载请注明原文地址:https://tihaiku.com/zcyy/2996510.html
相关试题推荐
[originaltext]M:Hereweare.ThisistheNationalPalaceMuseum.Whatareyou
[originaltext]M:Hereweare.ThisistheNationalPalaceMuseum.Whatareyou
[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
[originaltext]Formanyinternationalstudents,comingtotheUnitedStates
[originaltext]M:Hello,NationalExpressCourierCompany,CustomerServiceDepa
[originaltext]M:Hello,NationalExpressCourierCompany,CustomerServiceDepa
随机试题
Fordays,Beijinghasbeentrappedunderablanketofyellow-browndusttha
[img]2016m3x/ct_eyyjsbz2015c_eyyjsbcloze_0047_20163[/img]Theancientartof
【B1】[br]【B9】[audioFiles]audio_eufm_j63_007(20082)[/audioFiles]whoisasimpor
Itisacuriousphenomenonofnaturethatonlytwospeciespracticetheart
教育目的是人制定的,所以是主观的
在调査对象中选择一部分重点企业进行非全面调查,调查的单位数目不多,但其标志值占
社会环境的主要构成要素不包括()。A.家庭 B.同辈群体 C.大众传媒
股东大会作为公司的决策机构,对于公司法人治理机制的完善具有重要作用。()
在实务操作上,失能收入损失保险不单独承保,它一般是作为()的附加险承保。A.
下列选项中,风险识别的主要内容有()。A、识别引起风险的主要因素 B、识别风
最新回复
(
0
)