6,6
According to the theory of microeconomics,we know that a loose policy of finance may help a lot when a country is in a recession.So when there comes a debit limit of American goverment , Geithner worried much about this situation.He warns that the defaut of bond caused by a high rate of it will inflict catastrophic damage on our nation's economy.
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The U.S. national debt is growing much faster than the GDP of U.S. Increasing the borrowing cap is the temporary measure, which will defer the debt crisis and aggravate the impact of the crisis on global economics.
It is very diffcult for Obama administration to solve this problem. The Federal Reserve may want to print money to devalue the dollar, but the inflation brought by devaluation could be a more serious problem. In my opinion, the crisis of debt is a global problem and to seek a solution for it would call for concerted effort by U.S. and its big creditors, especially China.
Interesting. Seems such kind of things would never happen in old days when countries were governed by emperors. Although now England also needs to sell great brand wine to get more money. I wonder how economics play in autocratic emperor regime.
Geithner is afraid of the next recession caused by the debt which didn't rise in the past several months. But it seems that Obama administration doesn't pay enough attention on it~ And Geithner will insist on this~
It's really a pity that I know little about finance... I should learn something about that to get to know the world~
I think it is caused by the conflictions of the two parties. Some Republicans always made troubles to Obama's decisions, but some of them could be solved in the end, especially those affecting much on the whole nation's operation. It is the process of balancing powers, and the problem of high debt rate is to be solved only with a matter of time. QE2 will be over next month, and I hope tight policies will be practiced.
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It's really a nice idea.
Today's passage is about the debt cap. Treasury Secretary seems worried about the recession caused by the insufficient debt.
made it !5,5
Nevertheless,considering there is an enormous demand for the simultaneous intepreters nowadays,from my point of view,why not take the listening (auditon) along with the excellent texts into account ?I think it will benefits a multitude of individuals who have a strong desire for oral English .
The US is the biggest debtor all over the world, but still the global economic ruler,
If it is difficult for US to recovery, so will the whole world.
I think it is time for some country or economic organization to take the place for the US.
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Being too busy yesterday, I didn't participate in Follow Me.
As we all know that the US government has been borrowing money a long time ago. This activity was caused by the continuous prosperity of American economy in the 1990s, the American people's demand was too vigorous that it overtaked the nationals' income, then the huge trade deficit came.
China is the biggest Treasury bondholder and the direct victim of the default. Under this situation, definitely our government should take some actions on our foreign exchange reserves. If the US cannot raise enough money to cover our payments(sooner or later it will happen), its time to find a more safe and efficient place to invest our cash.
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usa have borrowed so much money, and change the debt limit is not the key solution for american deficit, if usa's economic can keep long time growth ,the debt cap can not be reduced. and some hondholder will be lose again,and may be world economy will suffer a new recession . just like some "坛友"has said ,it is time for other country to replace usa's world economy leader for avoid world economy on the risk by american's uncertainly.
4 and 4。
This paper is just released before the vote and during this special time.
I think that the man just want to express his demand, he juat want to get the advantages from invasting in American. He just want to go back and tell the others that he will go back with the advantages.
Thank you.