Chapter 93 The Storm 2. Raising interest rates and shrinking the balance sheet
2. Raise interest rates and shrink the balance sheet
Wen Jinyong heard it and then said: "What you said is simple, if the words you said before are to be put into words, it will still be difficult to do!" Principal Qian stood up and said: "Whether it is difficult or easy to do, let Wu Likong assist you to sort out what we said earlier, and you can improve it again." ”
Wu Likong's face was full of sadness, and he said with some dissatisfaction in his mouth: "You have handed over the tasks assigned by the chairman to the two of us to complete, so what are you two doing idle?"
Principal Qian said solemnly: "We will not be idle, you help Wen Jinyong write a first draft first, I will revise it after reading it, and Wang Youcai will revise it again after reading it, then the broadcast draft will be finished." ”
Wen Jinyong said: "I suggest that all four of us write a manuscript, and after everyone finishes writing, we will compare it together, keep the same places, and add different places, so isn't the manuscript written by the four of us more comprehensive!"
Principal Qian pursed his face and said unhappily: "Wen Jinyong has a lot of ways to do it." After he finished speaking, he paused and then said, "Okay! Just do what Wen Jinyong said, the four of us will write a manuscript, bring it to me in three days, and we will summarize it." ”
After the principal finished speaking, the three of them stood up, and Wu Likong said, "Then let's go back to writing the manuscript." The headmaster stood there and waved his hand and said, "Let's go!"
The three of them left, Principal Qian walked to the boss's desk, he sat down in the boss's chair, and he began to write the radio script calmly.
Three days later, all four of them had written the script. Principal Qian asked the three of them to hand over their manuscripts to Wen Jinyong, and asked him to summarize them and write them into the final draft.
Two days later, the Voice of the Future radio station began broadcasting, and the opening words of the radio station were as follows: The Voice of the Future tells you about a social phenomenon, that is, the twilight economic phenomenon, what does this phenomenon look like? Listen to me and tell you slowly---------。
After the broadcast of the Voice of the Future on the twilight economic phenomenon, President Qian observed the netizens' feedback on the twilight economic phenomenon of the residents of the global village through the Internet website, and he found that everyone did not have much interest in the twilight economy, which may be that people are most concerned about their own money bags, as long as the money bags can continue to make money, there is no need to care about other things.
President Qian wrote a report on the online public opinion obtained from the investigation and handed it over to the chairman of the board, which is considered a major event. After reading the report, Bistable was thinking in his heart, everyone doesn't care about such a big thing, what other big things are worth thinking about?
A few days later, the thing that deserves everyone's attention finally came, that is, the Fed's interest rate hike and balance sheet reduction. The Fed will raise interest rates four times in 2018, and this accelerated tightening has caused burning pain in the economies of other developing countries, according to the dot plot: the median Fed members' expectations for the federal funds rate in 2018 and 2019 have been raised by 30bp and 20bp to 2.4% and 3.1%, respectively.
The Federal Reserve's move to raise interest rates has caused the US dollars from all over the world to flow back to the United States, which has greatly affected the entire global economy, and the first to be affected is Venezuela, the Federal Reserve's interest rate hike has boosted the Venezuelan economic crisis from the outside, and foreign exchange reserves are about to be drained, resulting in frequent collapses in the Venezuelan economy.
The second to be affected is the Latin American country of Argentina, which has been affected by the interest rate hike of the US dollar and the economic crisis caused by the continued depreciation of the currency.
The third country affected is Brazil, the largest country in Latin America, whose economic downturn has been exacerbated by the Federal Reserve's interest rate hikes, causing the Turkish lira to plummet.
Immediately afterwards, the Fed's interest rate hike seriously affected the deterioration of the domestic economy in South Africa, Italy and other countries. It has dealt a serious blow to the financial stability of India and South Korea--------。
The Federal Reserve's interest rate hike has caused instability in the entire world economy, and the evolution of the world economy is like a storm and a mountain rain is about to come. Bistable thought to himself, this time should always arouse the attention and deep thinking of the people of the earth to the trend of the world economy!