经济研究   

Keywords:

Finance and economics. Capital versus labour. Are greedy corporations causing inflation? In the three years before Covid-19, rich-world consumer prices rose by a total of 6%. In the three years ...

财经 资本与劳工 贪婪的企业导致了通货膨胀吗？ 在新冠肺炎暴发之前的三年里，富裕国家的消费价格总共上涨了6%。在那之后的三年里，消费价格已经上涨了近20%。人们在找出坏蛋，而公司往往高居名单首位。 根据民意调查公司晨间咨询...

Keywords:

In parts of Europe’s financial system, QT looks increasingly urgent. The continent’s financial firms borrow and lend 11.5trn euros ($12trn) every year in its “repo” markets, in which the firms post...

在欧洲部分金融体系中，QT看起来越来越紧迫。欧洲大陆的金融公司每年会在其回购市场借贷11.5万亿欧元(12万亿美元)。在回购市场上，这些公司可以将债券作为抵押品，以换取短期资金。这个市场之所以如此庞大，部分原因是政策制定者在欧元区成立初期曾...

Keywords:

Finance and economics. European finance: Frightening tightening. Europe’s central bankers are nervous about unwinding quantitative easing. Central banks are finally getting into the swing of qu...

财经 欧洲金融：可怕的紧缩 欧洲央行行长们对退出量化宽松感到紧张。各国央行终于开始实施量化紧缩政策(QT)。加拿大银行今年已经削减了五分之一的资产负债表。英国央行在11月1日举行了首次国债出售操作。美联储的资产负债表在10月份缩水了8...

Keywords:

Finance and economics. Banking: Stick to Manhattan. Goldman Sachs’s disastrous Main Street gamble. How hard can it be? Goldman Sachs is supposed to employ the sharpest minds in finance. Trade...

财经 银行业：坚守曼哈顿 高盛损失惨重的主街赌博 这能有多难呢？高盛集团的员工理应是金融界最聪明的人才。与其交手的商人都瑟瑟发抖；老板们纷纷向其银行家寻求建议；投资者把身家都寄托在其分析师的每一句话上。 2016年，当高盛...

Keywords:

The second dimension is also becoming clearer. In September the median expectation of Fed officials was that rates would peak at 4.6% next year. Bond pricing now has the peak pegged at 5%, refle...

第二个维度也愈发清晰。9月份，美联储官员的预期中值是利率将在明年达到4.6%的峰值。债券定价现在将峰值固定在5%，反映出各种通胀指标一直居高不下。鲍威尔先生暗示，美联储的想法与债券市场一致。 即便如此，从现在开始小幅加息也是有道理的。...

Keywords:

Finance and economics. Inflation: Faster, higher, longer. The Fed delivers another jumbo rate rise, and it’s far from done. As recently as the start of June investors and analysts believed that a...

财经 通货膨胀：更快、更高、更长 美联储再次大幅加息，而这离结束还早着呢就在6月初，投资者和分析师还认为，0.5个百分点对美联储来说就算是“巨幅”加息了。真是老古董。在连续四次加息0.75个百分点(最近一次是在11月2日)之后，他们的...

Keywords:

The durability of the IPEF is also in doubt. Were Mr. Trump to return to the Oval Office in 2024, he would not need three days to ditch the framework. The Biden administration has tried to make ...

如果特朗普在2024年重返白宫的椭圆形办公室，不到3天他就会放弃该框架。拜登政府想要利用这些限制。它没有把IPEF设想成一项常规协议，而是宣称该协议有四个基本支柱，而贸易促进只是其中一个。 另外三个目标是让供应链更具弹性; 促进基础设...

Keywords:

Finance and Economics. The Indo-Pacific economy. A new pact for Asia: just don’t call it a trade deal. Amere three days after being sworn in as president in January 2017, Donald Trump signed an e...

财经 印太地区的经济 为亚洲定制的新条约：不要把它当作贸易协议 在2017年1月宣誓就任美国总统三天后，唐纳德·特朗普签署了一项让美国退出跨太平洋伙伴关系协定(TPP)的行政命令，这是他在竞选期间抨击的一项12国自由贸易协定。 ...