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
7
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] What did President Clinton try to do during his trip to Moscow?
选项
答案
To calm the market.
解析
第2段首句提到克林顿总统莫斯科之行旨在尽力让市场稳定下来,故答案为To calm the market。
转载请注明原文地址:https://tihaiku.com/zcyy/3240486.html
相关试题推荐
Theeconomystoppedshrinkingayearago,butAmerica’sunemploymentproblem
Theeconomystoppedshrinkingayearago,butAmerica’sunemploymentproblem
Theeconomystoppedshrinkingayearago,butAmerica’sunemploymentproblem
TheGermaneconomygrewby______inthethirdquarteroftheyear.[originaltext]
ThemajorsectorsoftheUSeconomyaremuchinfluencedby______.[br][origina
TheIMF’sattitudetowardsthisyear’seconomyis______.[originaltext](4)O
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
TheMexicaneconomywentoffacliffinthesecondthreemonthsof2009,wit
随机试题
There’saschooloflinguisticsthatbelieveslanguagelearningbeginswith
患者,女性,39岁。因肾衰竭行血液透析治疗,10天后突然畏寒、高热,血压70/4
图所示梁C点竖向位移为( )。
健康状况下至出生几周后小儿骨髓成为唯一的造血场所()A.出生后1~2周 B
股权投资基金A、股权投资基金B分别持有目标公司甲的股份10%和15%,其余股份均
在销售基金时,基金销售机构应当通过自身或者第三方机构对基金产品的()进行评价。
证券公司申请保荐业务资格,应当具备的条件包括()。A.保荐代表人不少于3
脑脊液白细胞数明显升高多见于下列哪种疾病A.病毒性脑膜炎B.脑水肿C.蛛网膜下腔
以下属于研究田庄内部生产的主要资料的是( )A.《四民月令》 B.《氾胜之书
缩小前列腺体积,减轻膀胱出口梗阻的是()A.西地那非 B.普适泰 C.坦
最新回复
(
0
)