成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
Moody's warns stimulus could trample Treasuries

Moody's warns stimulus could trample Treasuries

Colin Barr 2011年01月18日

????Moody's warned Thursday that the tax cuts enacted last month could push up U.S. borrowing costs and erode some of the dollar's global appeal.

????The rating agency said the United States' embrace of fiscal stimulus rather than debt reduction creates "a small but increasing likelihood that markets will demand a higher risk premium on government debt, in sharp contrast to the safe-haven status that the U.S. Treasury bond has long enjoyed."

Unsafe haven?

????Moody's noted in its quarterly Aaa Sovereign Monitor report the contrast between America's spend-first stance and the austerity policies being pursued with varying levels of vigor in the three other triple-A rated major Western economies – the U.K., Germany and France.

????The risk in Europe, Moody's said, is that deep spending cutbacks will weigh so heavily on growth that even thrifty policies won't make a dent in massive debt loads. It said strong recent German economic growth reduces those concerns somewhat, but "the game is not yet over."

????In the United States, the rating agency said, the risks are more acute. It suggested the failure of the White House and Congress to confront our fiscal problems could spark a bond market panic much like the one former Fed chief Alan Greenspan has spent recent months warning of.

????The continued high level of deficits and upward debt trajectory could cause borrowing costs to rise more than now expected, making progress in reducing deficits more difficult in the future.

????The rating agency said it views borrowing costs in the different rich countries in part as "a test of how fiscal policy should be managed in the wake of a major financial crisis," though it conceded the test isn't perfect thanks to complicating factors such as varying monetary policy stances and the dollar's global reserve status.

????Moody's comments come as investors grapple with how rich nations will dig their way out of debts they took on during the financial crisis, and pay for the promises they have made to provide health and retirement benefits to their citizens.

????Government bond yields remain near historic lows, but the yield on the 10-year U.S. Treasury note has risen by a point or so (see chart, right) since it bottomed out in October at the tail end of the market's obsession with deflation. The rise hasn't come only in the United States, which says investors are worrying more about fiscal problems in all the big, rich nations.

????Despite varying economic and political conditions, the U.S., the United Kingdom, Germany and France all face "dramatic increases under their existing policy commitments arising from ageing-related pension and healthcare subsidies. These future costs must be brought under control if these countries are to maintain long-term stability in their debt burden credit metrics."

掃碼打開財富Plus App
免费无码不卡视频在线观看| 性刺激的欧美三级视频中文字幕| 女人18毛片A级毛片成年| 99国产欧美另类久久片| 国产强伦姧人妻毛片| 91精品国久久久久久无码免费| 亚洲AⅤ综合在线欧美一区| 99国产精品久久久久99| 久99久精品视频免费观看v| 一级白嫩美女毛片免费| 欧美精品久久久久久精品爆乳| 久久精品亚洲中文字幕无码麻豆| 国产精品女人精品久久久天天| 国产呻吟久久久久久久92| 亚洲精品国产AV现线| 亚洲欧美日本国产综合| 亚洲日本中文字幕天天更新| 亚洲男同帅GAY片在线观看| 无码精品A在线观看十八禁| 欧美乱妇狂野欧美在线视频| 竹菊影视欧美日韩一区二区三区| 无遮挡又粗又大又黄在线视频| 亚洲精品国产成人片在线观看一区二区三区日韩| 国产精品久久久久久成人影院| 92精品国产自产在线观看481页| 少妇无码太爽了不卡视频在线看| 18禁无遮挡羞羞污污污污免费| 亚洲中文字幕无码一区| 99精品国产99久久久久久97| 一本大道αV伊人久久综合| 久久人人爽人人爽人人AV东京热| 国产av无码专区亚洲av软件| 麻豆亚洲福利电影欧美在线| 国产97色在线 日韩| 97在线视频免费人妻| 少妇私密会所按摩到高潮呻吟| 久久国产亚洲日韩一本| 又粗又大又硬毛片免费看| 天天综合网91免费看午夜无码鲁丝片真人一级毛片| 亚洲国产精品悠悠久久琪琪| 免费无码国产V片在线观看|