Wedding Dresses

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Each of the surging world economy will be placed in danger the futures market, with the deepening global economic integration, mobility sprawl has spread to every corner of the world, even governments brains, or the inability to get rid of unemployment, the deficit and other ills of the entanglement, policy control (plus interest) is frequent failure, and [link widoczny dla zalogowanych] G20 Finance Ministers and Central Bank Governors Meeting topics no substantive breakthrough, the international united front is difficult to achieve. The author believes that the regional differentiation of monetary policy will be the focus of the next phase of the market in the country, driven by ideological disputes, the exchange rate of the struggle is no longer American reasonable to avoid war, and will evolve into a non US countries unrequited love. As a result, U.S. [link widoczny dla zalogowanych] dollar and between non US currencies will lead to a more generalized rival quantitative easing, commodity or good care in the liquid under the brace.

QE competing overseas economies Huangbuzelu

The face of U.S. dollar and non US currencies fail to balance the embarrassing situation, since the Bretton Woods has been dominant since the establishment of the dollar currency of the country is bound to give up the feelings of altruism, unbridled export to the world recession. Popular terms of quantitative easing is reflected in two aspects: first, as long as there is no recovery in U.S. economic outlook, the upward pressure on non US currencies will increase, foreign exchange policy in [link widoczny dla zalogowanych] Japan and other countries, although the foreign exchange market intervention to capital controls, but little effect; second, in the U.S. Beige Book that reasonable coat of tolerance, the dollar will continue to depreciate, as well as British and American GDP released this week, will also win more reason to restart the quantitative easing.

At the same time, G20 finance ministers and central bank governors over the surface of the article: First of all, though vowed to avoid competitive currency devaluation, but has not made any substantive binding commitments; Second, [link widoczny dla zalogowanych] the increase in emerging economies, the words in the IMF rights (of China increased to 6 ), still with the right to speak with a real far 15 ; again, although the reference to reduction of excessive imbalances and to ensure sustainable economic accounts, but neither the United States pushing the current account deficit or surplus to set clear goals, but also announced that global economic growth is not re balancing objective.

Thus, the face of faltering [link widoczny dla zalogowanych] global economy, governments no longer Huitianzhili, just from the local currency diplomatic war game, capture the economic fruits of other countries. Quantitative easing, the United States again pulled down the international domino to challenge the global financial markets to withstand the economic bubble of the second limit, and fertile [link widoczny dla zalogowanych] inflation soil or commodities once again to new heights.

China factor heavy wind and water rate hike, beyond the reach

According to the National Bureau of Statistics, September [link widoczny dla zalogowanych] CPI up 3.6 year on year, a record high of 21 months, PPI rose 4.3 , the chain has also increased substantially, in addition, oil price increases, cotton, sugar, oil, prices of agricultural products full bloom At the same time period after the crisis, natural disasters and international hot money speculation, and constantly gave birth to a commodity market relatively favorable fundamentals and the capital side, the face of rising commodity prices, external markets and the conduction of the high dependence on foreign raw materials situation, China factors must fast, and imported inflation has been expected to become an undisputed fact, even if short term interest rates are difficult to [link widoczny dla zalogowanych] suppress.

According to Central Bank statistics show that in September added up to 289.5 billion foreign exchange, foreign exchange reserves by 105 billion yuan, reaching an all time peak, with the appreciation of the RMB revaluation and the domestic asset prices, investors are expected to still have a large hot money stream of inflows. In my opinion, real estate, energy and other structural adjustment policies touch international hot [link widoczny dla zalogowanych] money, the bottom line, the central bank to raise interest rates was intended to test the international capital (hot money) the larger the probability of enthusiasm, but also [link widoczny dla zalogowanych] lower the yuan from the breakdown of the interest rate front subjective hot money raised. Visible, simple economic theory of supply and demand can no longer explain the world economy, the complexity of the independent movements in the prevalence of mercantilism and international speculative capital Super expected today, but ignited the interest rate market confidence in economic growth, commodities, stock market this week The powerful upside also [link widoczny dla zalogowanych] shows rising sentiment.

In summary, the lack of the real economy in the world under the premise of the new sources of growth, the monetary expense of others will continue the war, [link widoczny dla zalogowanych] governments in the mediation between the exchange rate will eventually evolve into a quantitative Competition, I think. Amplification of overseas financial market bubble is bound to increase domestic policies Forced to run interval. Modest easing in order to maintain continuity and stability of the fourth quarter, the Government has to increase the structural adjustment effort, but also to ensure inclusive growth , it is expected to raise interest rates more market speculation composition, quantitative easing is still at home and abroad At present the main tone, flow of commodities or the marching of the ladder, and constantly refresh a new high during the year.
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