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
16
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
PictureatypicalMBAlecturetheatretwentyyearsago.Initthemajorityo
高中数学《弧度与角度的转化》 一、考题回顾 二、考题解析 【教
脊髓灰质炎的康复,错误的是A.急性期瘫痪肢体应置于功能位 B.恢复期的肌力训练
A.侧柏叶 B.地榆 C.大蓟 D.槐花 E.小蓟既善于治疗吐衄便血,又
关于药品商品名称管理表述正确的是A.药品通用名称与商品名称用字的比例不得小于1:
泰山磐石散的药物组成中不包括A.川芎B.黄芩C.续断D.杜仲E.当归
Thechangeinthatvillagewasmiraculou
下面四个图形中,只有一个是由上面的四个图形拼合(只能通过上、下、左、右平移)而成
法院、检察院、公安机关、国家安全机关、司法行政机关应当尊重律师,健全律师执业权利
根据《政府投资条例》,政府投资原则上不支持经营性项目。对确需支持的经营性项目,主
最新回复
(
0
)