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Old 06-09-2011, 12:13 PM   #1
qdsk84pdyq
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Default 私募股权研修班o_通胀压力进一步攀升量化宽松“退而不

  据外电报道,力拓周二(6月7日)表示,预计2011年铁矿石产量将超过2.4亿吨,与此同时,力拓进 一步推高原钢产量,以满足未来10年预计会大幅增长的需求。_私募股权研修班_北京大学私募股权_¥力拓2 010年的铁矿石产量为2.39亿吨,但2011年第一季度曾经出现困难,此前台风袭击了澳大利亚的西北沿 海以及铁矿石产量丰富的皮尔巴拉(Pilbara)地区。_私募股权研修班_北京大学私募股权_¥力拓铁矿 石部门的首席执行官Sam Walsh表示,力拓今年的运营能力已经增至每年2.25亿吨,此前力拓解决了其西澳地区丹皮尔港(Dam pier)的瓶颈问题。_私募股权研修班_北京大学私募股权_¥为了实现皮尔巴拉地区每年2.83亿吨的产 量,多数组成部分已经获批,并且相关工作正在进行中。_私募股权研修班_北京大学私募股权_¥
  2008年金融危机后,为了刺激经济增长,各国政府纷纷采取了宽松的货币和财政政策。_私募股权研修班 _北京大学私募股权_¥造成了全球范围内的流动性过剩。_私募股权研修班_北京大学私募股权_¥加之恶劣天 气和不确定性事件频发,使得全球物价指数不断上扬,通货膨胀压力日益明显。_私募股权研修班_北京大学私募 股权_¥
相关信息:
  我们认为,美联储对于退出量化宽松的进程,是建立在三大判断之上的。_私募股权研修班_北京大学私募股 权_¥首先,复苏乏力,甚至有二次探底的可能。_私募股权研修班_北京大学私募股权_¥2010年初时,联 储曾准备结束QE1,不料经济形势急转直下,欧洲爆发债务危机,市场担心二次探底,联储不仅退出无望,还不 得不祭出QE2。_私募股权研修班_北京大学私募股权_¥有了上次的教训,QE2的退出应会慎而又慎。_私 募股权研修班_北京大学私募股权_¥
  但是,新兴经济体面临真实需求上升、输入型通胀压力明显以及内部要素价格上涨等多重压力,通胀水平短期 难以下调。_私募股权研修班_北京大学私募股权_¥因此预计2011年下半年,紧缩政策仍将是新兴经济体的 主要政策选择。_私募股权研修班_北京大学私募股权_¥
  基于上述原因,我们认为美联储的退出策略一定是得拖且拖,6月底QE2结束后,不会有新的流动性注入, 暂时也不会有流动性抽出。_私募股权研修班_北京大学私募股权_¥
  其次,国债市场形势严峻。_私募股权研修班_北京大学私募股权_¥美国联邦政府负债累累,地方政府不少 处于破产边缘,而美国债市虽然已经处在历史低位,但目前的价格水平,根本未能体现其真实的违约风险,只是联 储的超高流动性将其人为地托起。_私募股权研修班_北京大学私募股权_¥一旦联储开始抽流动性、卖出所持国 债,随时可能触发债市动荡,而此对于经济、市场和金融体系的冲击,是难以估量的。_私募股权研修班_北京大 学私募股权_¥
  不过,量化宽松政策见顶并不意味着紧缩的马上到来。_私募股权研修班_北京大学私募股权_ ¥
  欧洲方面,已经饱受债务危机的困扰,继续向市场注水的能力受到严重制约。_私募股权研修班_北京大学私 募股权_¥同时,欧洲央行唯一的政策目标就是物价稳定,通胀前景对其政策的影响力大。_私募股权研修班_北 京大学私募股权_¥因此,欧洲退出宽松的脚步快于美国。_私募股权研修班_北京大学私募股权_¥2011年 4月初,欧央行提高了基准利率,为金融危机以来之首次。_私募股权研修班_北京大学私募股权_¥
  周二沪钢主力合约RB1110低开震荡,成交持续清淡,成交量再创新低,全天仅有23.1万手。_私募 股权研修班_北京大学私募股权_¥矿价以及现货价格保持坚挺使得螺纹钢短期下行的空间被封死。_私募股权研 修班_北京大学私募股权_¥从技术来看,RB1110合约在走出诱空行情之后,向上脱离交易密集且持续两周 之久的震荡区间,显示出较强的跟进现货的愿望。_私募股权研修班_北京大学私募股权_¥前期在4860-4 880一线留下的跳空缺口虽然已完全回补,但对价格上行有一定的压力,RB1110在回撤4850以后,仍 有可能继续上冲挑战4880的压制。_私募股权研修班_北京大学私募股权_¥
  为缓解本国通胀压力,新兴经济体已经纷纷走上紧缩之路。_私募股权研修班_北京大学私募股权_¥目前, 印度、巴西、俄罗斯、中国等新兴经济体都采取了不同程度的紧缩政策,2010年印度连续加息(回购利率)6 次,2011年又加息3次至7.25%。_私募股权研修班_北京大学私募股权_¥巴西2011年上半年也加 息3次,至12%。_私募股权研修班_北京大学私募股权_¥自2011年以来,中国也已连续调高存款准备金 率5次,加息2次。_私募股权研修班_北京大学私募股权_¥
  2011年上半年美国经济政策的一个重要焦点,集中在两党在2011年预算资金问题上难以达成共识,甚 至一度致使政府险些面临停顿。_私募股权研修班_北京大学私募股权_¥2012年预算案更是一直备受争议。 _私募股权研修班_北京大学私募股权_¥这种不确定性促使标准普尔公司于4月18日将美国债务的展望评级从 稳定下调至负面。_私募股权研修班_北京大学私募股权_¥受困于此,2011年4月27日,美国联储声明明 示QE3不会推出。_私募股权研修班_北京大学私募股权_¥这就意味着量化宽松的货币政策已经见顶,央行注 入的流动性已经见顶。_私募股权研修班_北京大学私募股权_¥
  第三,通胀压力不大。_私募股权研修班_北京大学私募股权_¥美国的物价主要由两部分构成:三分之二与 劳动力成本即工资直接相关。_私募股权研修班_北京大学私募股权_¥当前,美国国内高失业率压制了工资的快 速上涨,使“工资—物价”螺旋式上升的通道形成较慢,通胀水平没有显著走高。_私募股权研修班_北京大学私 募股权_¥
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Old 06-09-2011, 12:14 PM   #2
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Lying on the glass table, small Wenxuan homework.

Two years ago, Lixin Ying, aged 35, in Binzhou the north shore office, Du Wenxuan 6-year-old daughter, a carefree life. But a sudden disease, changing the mother and daughter's life.
Two years later, Li Xinying sicker, if not surgery, time is short. Du Wenxuan daughter just turned 8 years old at this time, but resolutely decided to donate bone marrow for the mother. June 17, June 18, Du Wenxuan have done surgery two bone marrow. But in the face of her daughter, in addition to the risks of surgery, as well as high medical expenses.
Sudden

yesterday morning,prada leather handbags, in the North Lishi Road, Xicheng District, 342 West Building 2, room four, 37-year-old Li Xinying up and stretched,burberry handbags, need more movement. Because the treatment, she cut the hair, wear a mask, but the greatest change in her weight. 2 years after the illness, she lost 37 kg.
Lixin Ying original offices in the north coast of Shandong Binzhou work, the husband is the peer, the two stable income, family of 6-year-old daughter Wenxuan, the original life that was wishful. But in July 2008, Li Xinying suddenly got cold, appetite greatly reduced, July 30, the local hospital's diagnostic results, Lixin Ying suffering from chronic myeloid leukemia.
Du Yansong her husband could not believe, he took the list to find the doctor,prada handbags, be sure to reply when he slumped to look, . To keep the family concerned, the two discuss the decision to temporarily without the knowledge of family, hoping secretly to cure.
choice

Lixin Ying expectations they failed to become a reality, the condition is still deteriorating. Early 2009 to prepare the people to celebrate the occasion of Chinese New Year, Li Xinying nose started bleeding, fever. New Year's Eve the night before, issued a local hospital in critical condition notice. This time, no longer hiding her disease does not go on.
Lixin Ying finally determined to choose the way of bone marrow transplantation therapy. Subsequently, Lixin Ying's family began to have the matching test. But some testing down, only the mother and daughter Du Wenxuan Fengrong bone marrow match.
mother almost 70, and bone marrow certainly inappropriate, but her daughter was old big, how can the willing? Moreover, such a young age, will affect her future development? Lixin Ying said, was placed in front of her choice, than a difficult one.
Lixin Ying remember that her husband standing in Beijing University People's Hospital, Du Yansong, the daughter called to ask her would be willing to donate bone marrow,handbags uk, readily agreed Du Wenxuan side of the phone down.
Small Wenxuan said, and later, her father introduced the risk of pumping the bone marrow may occur, but she did not waver,
save his mother

yesterday morning, when a reporter knocked on the door, a small Wenxuan the first to jump out: Wang Wunei walking behind her,paul smith handbags, the mother Lixin Ying, Fengrong grandmother.
January of this year, Lixin Ying came to Peking University People's Hospital for treatment, elderly mother rented a room nearby, looked after his daughter and granddaughter. Small Wenxuan, in addition to care of her mother, she wants to continue learning. Tables and chairs in her mother's bedroom, and placed second grade math textbooks. Yesterday morning, a small Wenxuan to lie on the table doing their homework, has written to 11 o'clock, my mother worried that she was too tired Lixin Ying, turn on the TV for her to see animation.
June 9, for a bone marrow transplant, a small Wenxuan again to Beijing, She said second-grade final exam is on July 7, she hopes they can catch back to take the exam.
difficulties

Yesterday afternoon, reporters and small Wenxuan language teachers to contact the teacher Jiang. Jiang says that the small Wenxuan is a very filial, brave boy, proud of her small Wenxuan. Small Wenxuan high academic achievers in the class, with my mother now, although a doctor in Beijing, but her homework did not fall, but better results.
Chiang teacher said that his mother got sick after a small Wenxuan become sensible. Once, she went to a small home visits Wenxuan house was small Wenxuan are high fever, but she mop take it over the hands of her mother, let her mother mopping the floor, helped themselves to do housework.
but sensible little Wenxuan do not know, this family needs to face more economic difficulties. Nearly two years of treatment, the family had spent all their savings, but also owed at least 10 million foreign debt. Peking University People's hospital said the condition of patients, Lixin Ying need surgery as soon as possible. The cost of light bone marrow transplant, are at least three or four million.
6 17, a small Wenxuan for the first time in the hospital for stem cell extraction. The next day, she underwent a second extraction. Day in bed, a small Wenxuan to sent a text message language teacher,
Lixin Ying said that these days, I often think about the child's pay,designer handbags, she was always kind of unspeakable guilt. She hoped that surgery is successful, will be more to make up a small Wenxuan.
text / reporter trainee journalist Zhu Lin Peng Kefeng hidden map / reporter Hu Xuebo
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Old 06-09-2011, 01:04 PM   #3
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