Cliffhanger; America's economy  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8803 (Sep. 2012), page 12.
Topik: Economic Recovery; Monetary Policy; Politics; Mortgage Backed Securities; Foreign Investment

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.73 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Even by the standards of a weak recovery, America's economy has looked frail lately. Growth has sunk below 2%. Unemployment is stuck above 8%. Factory activity seems to be shrinking. Yet there is no mistaking the green shoots of optimism, in particular on Wall Street: the stock-market has hit its highest level since 2007. Consumer confidence is edging up, and along with it approval of Barack Obama, raising his odds of re-election even before Mitt Romney's gaffes. Give credit to central bankers and their printing presses for the improving mood. On September 13th the Federal Reserve said it would buy mortgage-backed securities and other assets without limit, until it had made clear progress in bringing down unemployment. A week earlier the European Central Bank (ECB) promised to buy as much sovereign debt as necessary to squelch fears of a euro break-up. And this week the Bank of Japan extended its asset-purchasing programme by {Yen}10 trillion ($128 billion). These announcements have pleased investors, who like the fact that central bankers, unlike politicians, can print all the money they wish.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali