Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500?

Anonim

Ngesonto eledlule, imakethe yezimali yase-US yahlala ngaphandle kwezinguquko ezibalulekile - konke kuseshidini esele. Ukusuka esontweni nesonto, isisindo semali ngokusakazwa siyakhula, ngokomlando okuholela ekwandeni kokunyuka kokudla, okuvela kuwo amalungu e-Fed aphendulwa ngawo. Kepha kuhle ukukhuluma ngokwehla kwamanani lapho kungenjalo: ngakho-ke, ngokusho komphumela kaJanuwari, amanani ahlala ngaphandle kwezinguquko ezibalulekile; Kepha yeka ukuthi i-Rhetoric izoshintsha kanjani entwasahlobo, lapho ukunyuka konyaka kuzoshiywa esisekelweni esiphansi sika-2020 - Umbuzo uhlala uvulekile.

Mayelana nalokhu nezinye izinto eziningi kule ndatshana.

Ibhalansi ye-Fed Odd ngeviki eledlule yakhula ngo- $ 32 billion - kulokhu isizathu sokukhula kwaba yisihlengo seTrezeris.

Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500? 10670_1
Ibhalansi ye-Fed

Umugqa oluhlaza okwesibhakabhaka - Ibhalansi ye-Fed kusuka ngesonto kuya ngesonto.

I-Red Line - Amandla webhalansi yezokuphepha enikezwe yimpahla ebanjiswayo.

I-Green Line - Ibhalansi yamabhondi wemali e-Akhawunti yeFed, futhi kusukela ngesonto kuya ngesonto.

Njengoba sikwazi ukubona, ngesonto eledlule zombili izinkomba zakhula futhi zaziphakeme kune-zero, kepha lezi zinqubo ziyi-cyclical, futhi kungalindeleka ukuthi zinciphise izinkomba kumongo wamasonto.

Okulandelayo, siphendukela kwizinkomba zokutholwa (ukumuncwa) kweDollar Liquidity.

Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500? 10670_2
Ukumuncwa kwe-liquidity

I-Blue Line - I-akhawunti yemali yangoMgcinimafa e-FRB. Esontweni lamanje, lo Mthethosivivinywa wehlile ngo- $ 53 billion. Le nkomba iqhubekela phambili ngokubanzi nge-maxima yayo yomlando, okwenza kube nokwenzeka ukusayina iphakethe elisha, ngoba ingxenye yezimali iyatholakala ukuze isatshalaliswe.

Umugqa obomvu ukutshalwa kwezimali ekutshaleni imali ekutshaleni imali emakethe yemali. Isikhombi sizama ukuguquka, futhi okungenani kusho ukuthi ukuphuma okuvela kwizimali ze-Mutual of the Market Market.

Umugqa oluhlaza - usuku repo lwabangewona abahlali. Ngesonto eledlule, isibalo sehle kakhulu, isb., Isidingo sedola emakethe yamazwe omhlaba sehle, esibeka ingcindezi edola laseMelika.

Futhi ngesonto eledlule kube nokubuka konke kwemali ukufunwa kanye namadiphozithi aphuthumayo.

Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500? 10670_3
Amandla wama-akhawunti

I-Blue Line yi-Dynamics yama-deposits exponential (ukonga) kusukela ngesonto kuya ngesonto.

Umugqa obomvu yiwona ashukumisayo wediphozithi yama-deposits (ama-akhawunti okuxazulula) kusuka ngesonto kuya ngesonto.

Njengoba sikwazi ukubona, ngesonto eledlule izinkomba zivunyeleleni endaweni ye-zero, okungeke zithinte ama-aggregate ezimali m1 kanye m2.

Ngenxa yalokhu, iMali Relind esontweni lahlala ifulethi eMinima yakhe:

Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500? 10670_4
Imali Encane Yokuphindaphinda

Umugqa oluhlaza okwesibhakabhaka ungumphindaphindi wemali; Siyabona ukuthi inkomba ihlala incane.

Umugqa obomvu uyinkomba yokuhweba futhi enesisindo sedola.

Isonto kule ndawo idlulise ngokungenakuqhathaniswa.

Kakhulu Into: kuba ezilinganisweni imali ukuthi aluka ezandleni zabo baqhubeke bekhula, futhi lokhu okubekwe ngayo ngokucacile esongelwa ukukhula emali isidingo ngesikhathi kuvulwa emnothweni.

Eshadini elingezansi - umzekeliso kulesi sizinda:

Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500? 10670_5
Imali ekusakazweni kanye nokwenyuka kwamanani okudla

I-Blue Line yi-Dynamics yemali yonyaka yokujikeleza ngaphandle komgcinimafa kanye nohlelo lwe-Federal Reserve, okungukuthi, ukheshi.

I-Red Line - ukwehla kwamandla emali okudla, okuye kwalapha kancane kancane, kepha kuhlale kuphakeme.

Eminyakeni eyishumi edlule, iphethini elandelayo iyabonakala: Imali ethe xaxa yokusakazwa, ukukhuphuka kwamanani okudla; Ngakho-ke, entwasahlobo, ungalindela inani elisha lentengo.

Futhi manje - ngokwesiko - siphendukela ekubuyekezweni kwamanani entengo:

Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500? 10670_6
Ukubheja okuhlukile

Umugqa oluhlaza okwesibhakabhaka ubaluleke kakhulu, ngombono wami, umehluko emakethe yamanani: Lo umehluko phakathi kwamanani okubalwa kwezimali namamakethe; Lokhu kuzokwenza, lo mehluko uyatholwa, kepha emazingeni aphansi.

Umugqa obomvu usakazeka we-ted, ekhombisa ukufunwa kwe-liquidity emakethe yamazwe omhlaba eLondon (libor). Isikhombisi senza imizamo yokukhula, ngenkathi inesizotha kakhulu.

Umugqa oluhlaza umehluko phakathi kwenzuzo yenzuzo ye-Corporate yeminyaka eyi-10 kanye nabathengisi abahambisanayo; Isimo emakethe yezikweletu ezihlanganisiwe sihlala sizinzile.

Qedela ukuhlaziywa kwanamuhla kokubuyekezwa kwe-inflation elindelekile nezikhulumi zalo kuleli sonto, kanye nesimo senkomba ye-S & P500:

Kwenzekani ku-dollar liquidity futhi kuzothinta kanjani i-S & P 500? 10670_7

I-Blue Line yi-inflation elindelekile: siyabona ukuthi inkomba iyaqhubeka ukubuyekeza iMaxima. Ngokubona kwami, lokhu kuyimpendulo ekunciphiseni okuphezulu kwemakethe yemali;

I-Red Line - Izingcaphuno Ezibanzi Zemakethe: Imakethe yesitoko yase-US inqunywa ngokulindelwe okulindelwe. Ukunaka ukuxhumeka kwalezi zinkomba mayelana nokuguqulwa kwemakethe yamasheya, akudingekile ukuthi ukhulume.

iziphetho

Isiphetho esikhulu: isimo samanje sezinkomba zamanje zamadola sibonisa ingcindezi yezimali e-US Dollar ngesonto lonke.

Kuhle futhi ukunaka amazinga okukhula kwemali eqinile, ngokusobala okuhlinzeka ngokusekelwa kwamanani emali futhi, ngokusobala, ukudala izinkinga zokwelulwa kwalo, ngokombono wami we-inflation ngemuva kokususa i-Lokdanov kuzoqala ukusheshisa.

Ngokuvamile: Kuze kube manje izitayela ezisemakethe yemali zizoqhubeka, izimakethe zezezimali zizoqhubeka zikhula, maqondana nalokho - landela ngokucophelela ama-rhetoric amalungu amalungu e-Fed. Uma iphakethe lesithathu losizo oluvela kubaphathi be-biden lamukelwa, izimakethe zizoqhubeka ziye ekukhuleni, ezifuywayo ziyehluleka ukwehluleka.

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