U.S. Economy Hidden Dangers
Obama President of the United States gained popularity the past two days. Somali pirates inadvertently doing him a favor, the success of the rescue of the captain of the change in the Obama "tough enough" image. Might be like to take this east, perhaps in order to govern the upcoming "Days" coded, Obama again stressed on the 14th in a few days ago he said a word "dawn", he thought the U.S. economy is full of hope.
Not by the fact that people do not doubt. Obama said, "Dawn" on the grounds that a real estate, in which "the search for real estate mortgage refinancing people began to increase." Obama seems to have forgotten that the spreading global financial crisis is the root of the sub-loan crisis in the United States, that is, lending to actually buy a house does not have the strength, and the relevant bodies and then packaged these loans into financial derivatives, so that other institutions around the world to "carry" from one of the risk. With U.S. interest rates, loss of ability to repay more and more people, as the first domino tiles fell, triggering a series of knock-on effect.
U.S. real estate and sub-loan interest rates from the beginning of the crisis, but will not stop interest rate adjustments. At this point use the "mortgage refinancing" is a matter of exposure is the U.S. government and financial institutions did not reflect on the past model, however, lie in a "live for today" means the drink thirst Hatoyama. Perhaps the financial services industry with a number of financial buyers fault chain can be continued, but the future is still difficult to avoid a similar crisis.
Single data also need to observe. For example, in February the United States, Central, second-hand housing turnover increased by 5.1% than; banks with government support provided to small business loans increased by 20% the amount; 787 billion U.S. dollars economic stimulus plan is beginning to flow of funds within the framework of the nation's construction projects .
The first room on the second-hand data is very difficult to say instead of "false prosperity", as chain growth of the base last month, and the United States in July last year house prices has been downward, the overall decline too. So this month, in February alone, the volume, it does not show any problems. As the amount of growth in small business loans, of course, is good news, can prove that they are "not bad money" or "bad money", but in a grave economic situation in the development of the specific need to wait and see. As for the economic stimulus package of capital flows, the full of controversy, construction projects and the economy "back", a clear need for a longer cycle.
Obama talked about the "dawn", the spectator can also look at other data. For example, the United States in March's unemployment rate rose to 8.5 percent, a record 25-year high; the United States 10-year bond yields have declined for the third straight week, while U.S. government bonds is several times recently, the printing of U.S. dollars outside the , and then decided to issue a total of 59 billion U.S. dollars of treasury bonds; the United States deficit in March added nearly 200 billion U.S. dollars, and since October last year in October of this year's first half of fiscal year 2009, the deficit has reached nearly one trillion U.S. dollars .
Can not be denied that the United States will one day out of the current crisis, but if I do not know self-examination, self-satisfaction, the detour will still have a long way to go. From the outbreak of the crisis in the financial sector can not only solve the financial industry, manufacturing is the core of a country's competitiveness. And the United States, such as the automotive industry from the crisis has not yet "resilience", at this time to talk about "Twilight", only to play more to boost morale and attract the role of popular economic development materially assist hard.
Not by the fact that people do not doubt. Obama said, "Dawn" on the grounds that a real estate, in which "the search for real estate mortgage refinancing people began to increase." Obama seems to have forgotten that the spreading global financial crisis is the root of the sub-loan crisis in the United States, that is, lending to actually buy a house does not have the strength, and the relevant bodies and then packaged these loans into financial derivatives, so that other institutions around the world to "carry" from one of the risk. With U.S. interest rates, loss of ability to repay more and more people, as the first domino tiles fell, triggering a series of knock-on effect.
U.S. real estate and sub-loan interest rates from the beginning of the crisis, but will not stop interest rate adjustments. At this point use the "mortgage refinancing" is a matter of exposure is the U.S. government and financial institutions did not reflect on the past model, however, lie in a "live for today" means the drink thirst Hatoyama. Perhaps the financial services industry with a number of financial buyers fault chain can be continued, but the future is still difficult to avoid a similar crisis.
Single data also need to observe. For example, in February the United States, Central, second-hand housing turnover increased by 5.1% than; banks with government support provided to small business loans increased by 20% the amount; 787 billion U.S. dollars economic stimulus plan is beginning to flow of funds within the framework of the nation's construction projects .
The first room on the second-hand data is very difficult to say instead of "false prosperity", as chain growth of the base last month, and the United States in July last year house prices has been downward, the overall decline too. So this month, in February alone, the volume, it does not show any problems. As the amount of growth in small business loans, of course, is good news, can prove that they are "not bad money" or "bad money", but in a grave economic situation in the development of the specific need to wait and see. As for the economic stimulus package of capital flows, the full of controversy, construction projects and the economy "back", a clear need for a longer cycle.
Obama talked about the "dawn", the spectator can also look at other data. For example, the United States in March's unemployment rate rose to 8.5 percent, a record 25-year high; the United States 10-year bond yields have declined for the third straight week, while U.S. government bonds is several times recently, the printing of U.S. dollars outside the , and then decided to issue a total of 59 billion U.S. dollars of treasury bonds; the United States deficit in March added nearly 200 billion U.S. dollars, and since October last year in October of this year's first half of fiscal year 2009, the deficit has reached nearly one trillion U.S. dollars .
Can not be denied that the United States will one day out of the current crisis, but if I do not know self-examination, self-satisfaction, the detour will still have a long way to go. From the outbreak of the crisis in the financial sector can not only solve the financial industry, manufacturing is the core of a country's competitiveness. And the United States, such as the automotive industry from the crisis has not yet "resilience", at this time to talk about "Twilight", only to play more to boost morale and attract the role of popular economic development materially assist hard.
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