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普通读者只能使用当天内容;历史文件必须登陆到认证用户专区后才能使用。 查看历史文件. | | 周 1 — 周 5 每天更新;中高级适用。周3,2008年11月26号;第554期 |
vacancy (noun) 职位空缺 | 解释 | an available job or position |
例句 | Most of our vacancies are advertised online and in the local newspapers. |
Will economic stabilization act work?
经济稳定法案有用吗? In the best-case scenario of the government's latest rescue effort, the Fed buys up outstanding mortgages to get banks lending and consumers spending again. But Senior Business Correspondent Bob Moon asks, Is this going to work?
在政府最新的最好的救援方案中,政府买下了那些抵押贷款,以便让银行能重新放贷,消费者能重新花钱。不过资深商业记者Bob Moon说,这些真的有用吗?
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| | Kai Ryssdal: Alright, so, in the best case scenario, the Fed buys up outstanding mortgages. That pumps more money into the market for new home loans. The banks start lending. That pushes interest rates lower. More people start borrowing and buying. And pretty soon we're all, recession? What recession? Well we asked our senior business correspondent Bob Moon to track down the answer to another question. Is this gonna work?
Bob Moon: There is reason to hope this is more than wishful thinking. Standard and Poors chief economist David Wyss says although the credit markets are still in turmoil, the Fed has achieved limited success with similar actions. Such as, buying up corporate IOUs to get business credit circulating again.
David Wyss: Some of the programs have been effective. The Fed's direct purchases of commercial paper, for example, seem to have freed up the commercial paper market. They're hoping that this will do the same thing for the mortgage market.
But will this latest shot in the arm spur any more bank lending than all the others before it?
Gary Shilling: I don't know. I can't tell you.
Gary Shilling heads an investment advisory firm.
Shilling: They'd be delighted if lending were to pick up, but I think in reality they are simply trying mightily to stabilize the situation and prevent widespread financial collapse.
S&P's David Wyss says this is uncharted territory, so nobody can be sure this will be effective. But he says policymakers can't sit idly by.
Wyss: This looks like it should work. Let's try it. If it doesn't work, well, we try something else.
Still, investment adviser Axel Merk worries there are limits to how much the Fed can spend.
Axel Merk: Right now the Federal Reserve is pretty much the counterparty to all economic activity in the country, it seems. And that, by itself, cannot be sustainable.
Merk says the government needs to steady the credit markets, but should avoid propping up the economy. It might be painful, he argues, but only when housing prices and other markets hit bottom, can a true recovery begin. |
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