首页
登录
职称英语
(1)"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of
(1)"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of
游客
2023-12-03
36
管理
问题
(1)"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of the year." There are already some signs that important pillars are weakening. Consumer confidence has fallen for the past two months. The housing sector, which has been buoyant, is starting to sink. Corporate profits are falling. Some analysts are especially concerned over the sharp fall of commodity prices. They believe it represents the threat of deflation, and it could cause a global slowdown. "The Fed will have to act forcefully to arrest the deflationary forces," says Robert Lamorte, chairman of Behavioral Economics, a consulting firm in San Diego. But other counters that the central bank doesn’t need to intervene. They argue the Fed should wait to see real data before acting. "The fundamentals are better than the stock market reflects", says Peter Kretzmer, an economist at Nations-Banc Montgomery Security.
(2)Indeed, President Clinton tried to do his part to calm the market during his trip to Moscow, citing the strong job market and balanced budget. "We believe our fundamental economic policy is sound," he said. His comments echoed statements by Peter Rubin in Washington.
(3)Some numbers do continue to reflect a strong economy. On Sept. 1, the Conference Board released its index of leading indicators. The index rose 0.4 percent, prompting the business organization to predict that the nation’s output should increase at a moderate pace for the rest of 1998. The group sees little risk of recession in the near term. But what has changed is the global economy. Japan and the rest of Asia are in recession. The woes are spreading to Latin America.
(4)"I’m now convinced we are going to have a global economic recession," says Sung Won Sohn, chief economist at Norwest Corp, a Minneapolis-based bank. But, he added, it’s not certain the US will slide into a period of negative growth. He rates the risk of recession at only 10 to 15 percent. "We will be responding to the world economic situation rather than leading it." he says.
(5)Still, Fed watchers don’t think the central bank will act to try to save the world. "It’s inconceivable the Fed could make much difference in Asia, Russia, or Latin America" says Lyle Gramley, a former Fed governor.
(6)After the last stock market crash, in 1987, the Federal Reserve acted quickly to provide liquidity to the markets and to lower interest rates. But the economy is in better shape this time; the banking sector is stronger and the financial markets have been able to respond the enormous trading volume. "It is not the Fed’s job to manage the stock market," says Mr. Kretzmer.
(7)But the Fed will keep a close watch on Wall Street. If the market were to shave another 1,500 points off the Dow by the end of September, "then the Fed would think about lowering interest rates," says Mr. Gramley. In his view, the Fed’s main concern will be the impact of a sliding market on consumer confidence; since 40 percent of the nation has investments in the stock market, any prolonged slide might make individuals feel less wealthy.
(8)They would cut back on vacations and "splurge" purchases. He expects the central bank to watch the next consumer confidence surveys and housing statistics closely. [br] Mr. Kretzmer believes that the Fed needn’t intervene NOT because of_____.
选项
A、steady financial markets
B、increasing strength of the backs sector
C、inaccurate information the market shows
D、its influence on other continents
答案
D
解析
由第5段最后两句可知,D属于Lyle Gramley的讲话内容,与题干中所讲的Kretzmer无关,故选D。第6段第2句后半句提到,银行系统实力增强,金融市场可以应对大宗交易量,故排除A、B;第1段倒数第2句提到,Kretzmer表示在采取行动之前要看真实数据信息,说明Kretzmer认为市场的信息并不准确,故排除C。
转载请注明原文地址:https://tihaiku.com/zcyy/3240483.html
相关试题推荐
Theeconomystoppedshrinkingayearago,butAmerica’sunemploymentproblem
TheGermaneconomygrewby______inthethirdquarteroftheyear.[originaltext]
ThemajorsectorsoftheUSeconomyaremuchinfluencedby______.[originaltext]
TheIMF’sattitudetowardsthisyear’seconomyis______.[originaltext](4)O
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
随机试题
Happinessusedtohaveamuchbroadermeaning-tiedtotheideaofa_____andmean
SpeakerA:Thankyouforyourtimeandefforttomakemyvisitasuccess.Speake
A
促使从众行为产生的原因包括?()A.与大家保持一致以实现团体目标 B.为
能够反映企业或项目各年所面临的财务风险程度及偿债能力的长期偿债能力指标是( )。
蛋白质变性和DNA变性的共同点是 A.变性后原生物学活性丧失B.原空间结构破坏
把下面的六个图形分成两类,使每一类图形都有各自的共同特征或规律,分类正确的一项是
关于“强迫观念”与“强制思维”的临床意义,下列表述中正确的是()。 (
女,64岁,戴全口义齿一天,左侧后牙反复咬颊。查:全口义齿固位好,左侧后牙接触良
(2021年真题)施工中出现需要加固的质量缺陷时,项目监理机构应审查施工单位提交
最新回复
(
0
)