2012年2月28日星期二

Flee for life game

Recent how? Since the beginning of last week, the global stock markets overall wave red, there are several Asian small country appear high market innovation, apparently with the current bad fundamentals is can't explain. In addition, QE ended, funds from the market return should be do-or-die things from funds face is no support. Don't deceive you to say, that question is stumped me. For the market's problems, I like to use is the most extensive macro thinking to frame it. Obviously the current trend of the stock market with this way of thinking to consider is the deviation,MLB hats on the one hand, global some of the big economies, including the United States, China, Europe and Japan are faced with their current economic malaise and inflation problems, on the other hand the global after the QE, cost of capital gradually raised, two aspects of the stock market and even to the financial market is a bad news, therefore, from at the beginning of this year, I am a firm do empty pie. But now, the stock market as against the line, some friends through this wave rise has been steady earn not to compensate. But, here I am a chill ideas that financial markets are staged for the game. For the game is very simple, funds from commodities run away and bond markets, first come to the stock market, pushing up the stock market, and finally quietly background. Why this design, very simple, commodity associated with the delivery, storage, and etc, relatively low participation, and bond market because the market size is too big, the money put into not easy to arouse the big waves. In the stock market, market high participation, moderate scale also easy manipulation, therefore, we might as well bold to think so. First look at commodity markets, in a wave of money out surged after the market, we see the same words have different meaning, last year, agricultural products in rise, we often hear "weather anomalies" of reason, and this year the same "weather anomalies" is brought agriculture harvest, lead to produce fell two digits, and so money is the biggest abnormal recovery, not the weather. Also, the silver blown last year than gold gold, but this year the silver make not than cabbage valuable. In the same way, there are some profit the hand. Now, the market play destined to be not moved, because Obama faces election pressure, the high price of commodity market will make out to anger, so commodity market is certain to crack down on down, and, well, funds from commodity market has become the general trend was, where to go to, the we all have seen. This is the first wave fled for their life, because there are tricks FED warrant,NBA hats the FOMC has listed will be used to withdraw from the current very loose monetary policy tool. These tools are: excess reserve interest rate (interest on excess reserves?????????, IOER), Deposit tools (Term Deposit Facility, TDF??), and the counterparty (to expand the level 1 traders besides) inverse repurchase operation (RRPs) and possible directly sell assets. Once the fed started to tighten policy, or tightening expected arrival, so for a second wave of attacks and the future, the stock market will be staged with commodity the same story. ?When crunch? If you focus on two of the FOMC may take action, for action together or separately action. One is the FOMC statement rejected him "for a longer time", and the second is terminated due to investment securities. For the second action, do a simple instructions, bernanke said end of the current investment again due to the securities policy tightening policy is a part of, because it means the market one less U.S. debt buyers, leading to a rise in interest rates.

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