In fact, for the moment of China's economic performance, excessive tightening of monetary policy has become a great risk. Simple data in accordance with CPI rose to decide whether to raise interest rates, but its lack of rational logic although straightforward, would only just recovering the Chinese economy under pressure again. I have been advocating, pushing up prices for agricultural products, the so-called inflation, interest rates need to take careful strategy. Tightening of monetary policy has not been able to increase supply of agricultural products can not reduce the demand for agricultural products, but will only increase agricultural production and the cost of capital, reducing investment in related industries. A typical case in 2007,
louboutin pas cher, by the blue-ear pig disease outbreak affecting the domestic pork prices lead to surge, and then pushed up the CPI year on year increase, the central bank for this purpose continue to raise interest rates and deposit reserve ratio. However, the real price of pork so that the return of the hero, but not monetary policy, but financial subsidies of agricultural funds, and The results continue to raise interest rates only increases the social cost of funds, resulting in falling production and operation efficiency. To June 2008 the last time the central bank to raise deposit reserve ratio when the financial crisis and the tightening of monetary policy under the action of a strong Chinese economy was plunged into the extremely dangerous edge.
should seriously learn a lesson. The current mainstream view is that the future of business efficiency will be tightening monetary policy decreased, this is the recent so-called These signs fully demonstrated China's strong economic recovery trend is far from positive control policies too fast exit policy performance is likely to be damaged. Now, therefore, a weighted combination of macroeconomic control authorities need to run complex factors, dismissing the CPI index Change CD set policy simply thinking, push up the price of agricultural products rose by an objective analysis, effective monetary policy will ease the market for a resumption of so tight expectations. Necessary to maintain long-term stable development of China's economic objective, as soon as possible to eliminate the market for Otherwise, the macro-economy 'hard landing' risk will be difficult to avoid.
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weather factor is the recent volatility in prices of vegetables fundamental reasons: First, an important vegetable grown in the north, after entering the spring, late spring and so it encountered bad weather,
maillot de foot, resulting in a substantial decline in vegetable production; second drought in southwest intertwined with heavy rain and other inclement weather,
doudoune, to some extent caused by the southern parts of the vegetable prices; third country due to insufficient supply of local vegetables and vegetables in Hainan concentrated demand growth, long-distance transport has increased business costs.
reason to sort out the details of prices of vegetables rose clear, it is not to make plans for the vegetable market balance, but to remind the control policy to refrain from arbitrary moves. Green leafy vegetable production based on the special properties of the control policy as space is very limited. Real terms for the stable development of China's economic, regulatory authorities in response to the form of rising prices and further tightening of monetary policy but the result will be counterproductive. In fact, food prices in the high proportion of the CPI index, the inevitable fluctuations in vegetable prices push CPI inflation expectations. Predict the market in May, the CPI will rise more than 5% year on year, compared to annual CPI increase of 3% of the control policy objectives, interest rates have become a virtual certainty.
In fact, vegetable prices have begun to strengthen the market interest rate expectations. But in my opinion, such a policy logic of obvious errors. The composition of agricultural products, not monolithic, if pre garlic, pepper, tea and even higher prices earlier speculation does exist,
moncler, then dominated by leafy green vegetables will never be become the object of speculation. The reason is simple, green leafy vegetables, not long-term preservation. In addition, the weather is suitable for the case of green leafy vegetables, usually about a week you can add a lot of listing. These two factors determine the accumulation of green leafy vegetables market risky, so-called speculation pushing up prices of vegetables not the root cause.
Ma Hong-man
Ph.D. in economics
residents are feeling over recent days, and now However,
adidas f50, statistics show that just this past weekend in many parts of the domestic prices of vegetables dropped significantly. Vegetable prices fluctuated, the reasons behind what is in the end, rising prices will lead to tightening of monetary policy do? 相关的主题文章：
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correspondent Han Jie
a change of mineral resources
NEW YORK — The stock market stabilized Monday as investors looked for cheap stocks after a four-week losing streak.
The Dow Jones industrial average gave up a 200-point rally and was up 45 points by late afternoon. Compared with the wild swings of earlier this month, Monday's trading was relatively calm.
Hewlett-Packard Co. rose 4 percent, the most of the 30 large companies in the Dow Jones industrial average. H-P sank 20 percent on Friday after saying it planned to sell its PC business and stop selling other products.
Bank stocks, which have been clobbered over worries about Europe's debt crisis, took another fall. JPMorgan Chase & Co. dropped 2 percent. Bank of America lost 7 percent, the biggest drop among the 30 Dow companies. Analysts at Wells Fargo cut their price target on the bank's stock, citing fears that the U.S. could slip back into a recession.
Sam Stovall, chief investment strategist at Standard & Poor's equity research, cautioned against reading too much into the market's early jump Monday.
"A two-hour rally isn't enough to change the trend," Stovall said. "It's natural in a declining market to have some days that run counter to the overall trend."
A week ago, the stock market was also in a period of relative calm. By Thursday, bad economic news returned and the Dow fell 419 points.
The S&P 500 index has lost 12 percent this month, putting the broad market measure on course for its worst August since 1998. After falling four weeks in a row, some stocks are appearing too cheap for investors to pass up, Stovall said.
Investors are still worried that the U.S. may fall into another recession. Some hope the Federal Reserve may announce some kind of action to help the economy when it holds its annual retreat in Jackson Hole, Wyo., on Friday. It was at the same conference a year ago that Fed Chairman Ben Bernanke hinted that the central bank would buy Treasury bonds to push interest rates lower.
Stovall thinks some investors are banking on Bernanke offering some soothing words in his speech Friday. "Even if the Fed just lets people know they're not asleep, that would help," he said.
The Dow rose 45 points, or 0.4 percent, to 10,863 in late afternoon trading.
The S&P 500 rose 2 points, or 0.1 percent, to 1,125. It had been up as many as 22 points. The Nasdaq was up 5 points, or 0.2 percent, to 2,347.
The Dow has lost 10 percent this month on signs that the U.S. economy is slowing. Manufacturing dropped sharply last month; there are concerns that consumers will cut back their spending, especially after they've watched stocks plunge; and earlier in August the U.S. government's credit rating was downgraded.
The Chicago Board of Options Exchange's volatility index has soared 68 percent this month. That's a sign investors are anticipating more wide swings in the S&P 500, the index most professional investors use. The index fell nearly 3 percent Monday.
Treasury bond prices and gold have been rising this month as investors seek refuge from the turmoil in stocks. The yield on the 10-year Treasury note dipped below 2 percent last week, a record low. The yield was trading at 2.09 percent Monday afternoon. Yields on bonds fall when demand for them increases.
Gold rose 2 percent to $1,892. Gold has risen 16 percent so far in August.
Eight of the 10 industry groups in the S&P 500 rose. Telecom stocks rose 1 percent, the most of any industry in the index. Boeing Co. rose 1.8 percent after Britain's Royal Air Force said it would buy 14 Chinook helicopters for $1.6 billion.
Lowe's Cos. rose 1.5 percent. The home improvement retailer said it will buy back up to $5 billion stock over the next two to three years. Last week, Lowe's lowered its sales forecast for the second half of the year as shoppers grow more worried about the economy.
Stocks have fallen for each of the past four weeks on worries that the U.S. might enter another recession. The S&P 500 index lost 4.7 percent last week. The sharpest drops came Thursday with news of weaker manufacturing in the mid-Atlantic states and an increase in the number of people who applied for unemployment benefits.
No major economic reports are due out Monday. Later in the week, traders will be sorting through figures on new home sales, chain store sales, durable goods orders and weekly claims for unemployment benefits to see if another recession could be on the way. The government will also release revised figures for second-quarter economic growth Friday. Another significant revision downward could alarm investors.
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