Bank of the world's five "each other" to cut interest rates

After less than an hour before the official Bank of England reduced interest rates by one percentage point after the European Central Bank also announced that it would cut euro zone interest rates by 75 basis points to 2.5 percent in order to stimulate the economy so as to avoid already in recession throughout the euro area economy is more The Depression. And the 75 basis points decline of the European Central Bank has also created a 10-year history of the largest rate cut. It was also BEIJING, announced that the Bank of England to cut interest rates 100 basis points to 2%. This is the UK interest rates after its lowest level in 1951, or in line with market expectations. Swedish central bank cut interest rates sharply on the 4th accident 175 basis points to 2.00 percent, the biggest drop ever for the first time. New Zealand's central bank - Reserve Bank of New Zealand announced on the 4th cut the benchmark interest rate by 1.5 percentage points, from 6.5% to 5%, which New Zealand is the fourth time this year the central bank to cut interest rates, the rate cut is also the largest. New Zealand central bank's benchmark interest rate has also reached a five-year low. Economists divided Earlier on in the Bloomberg News survey of 56 economists, only 16 of them in the correct prediction of the rate cut, In addition, there are 35 economists forecast the rate cut of 50 basis points, while the remaining 4 is forecast to cut interest rates in the range of 100 basis points. In the European Central Bank announced the decision to cut interest rates before the Bank of England and Bank of Sweden has made a major decision to cut interest rates. The Bank of England to cut interest rates at 1% after the announcement, the benchmark interest rate has dropped since 1951 to its lowest level since. Due to the worsening financial crisis and gradually evolved into a global recession, central banks have been taken to a large-scale policy to cut interest rates to stimulate economic recovery. During the 75 basis points rate cut before the European Central Bank has carried out two previous range of 50 basis points rate cut. Nomura Securities economist Laurent Bilke said: "The European Central Bank to cut interest rates 75 basis points of margin than the 50 basis points more obvious effects, but compared to other central banks in the action, the European Central Bank's decision-making are still slow. At present, the global economy as a whole has entered a recession, the policy has come to cut interest rates sooner the better. "In the four earlier this week, the Bank of England and Sweden are the central bank before the European Central Bank took action. Bank of England announced that it would cut the benchmark interest rate 100 basis points to 2%, which makes the country's benchmark interest rate fell to the lowest level since 1951, and in October of this year, the Bank of England has reduced the benchmark interest rate by 150 basis points. In addition, the Swedish central bank also announced a four-week lowered the benchmark interest rate 175 basis points to 2%, New Zealand, the central bank will cut interest rates 150 basis points, while the Bank of Indonesia also made a surprise rate cut for the first time this year. In addition, since the financial crisis at the center of the U.S. government's efforts to have the largest rate cut, the Federal Reserve to cut interest rates this year, the cumulative rate of 325 basis points over the U.S. benchmark interest rate is only 1%. Fortis Bank European economist Nick Kounis, said: "For a long time, the European Central Bank has adopted a more conservative monetary policy. But in the current extremely difficult economic environment, the European Central Bank has no choice but to accelerate the pace of the rescue package." At present, the European economy as a whole are at a very critical situation, in November this year, the European manufacturing and service industries are shrinking speed to create a historical record, into consumer confidence index dropped to nearly 15 years since a new low. On the other hand, inflation as the economy has been the deterioration of the situation and faded, as the emergence of sharp fall in international oil prices, the European inflation rate from October's 3.2 percent drop sharply in November of 2.1 percent, which is also near record In the 20 years since the biggest monthly decline. The International Monetary expected economic organizations, in 2009 the euro-zone economy will be 0.5 percent decline. BusinessEurope group of people responsible for economic affairs Marc Stocker said: "We can see that the global business environment over the past few weeks there have been rapid deterioration, which forced central banks to take more resolute monetary policy. However, the economic crisis is far from over , The European Central Bank must be ready at any time. "In addition, part of the European Central Bank officials are also against anti-recession measures put forward their own views, which many people have expressed reservations about a substantial rate cut. Members of the Executive Committee of the European Central Bank Lorenzo Bini Smaghi on Nov. 25 said that large-scale policy rate cut is likely to make further deterioration of the economic situation, and Ewald Nowotny, another member of the same day that the European Central Bank should be for the future of the currency Policy left some room for rate cuts, rather than a one-time to take a substantial cut policy. Trinity University Professor of Macroeconomics Philip Lane, said: "Although the euro system in the banking sector is not an ideal situation, but the situation in the euro zone and Britain and the United States still has a noticeably different. Please note that the euro's recent sharp decline This is precisely what the previous policy to cut interest rates. "And even though the European Central Bank has cut interest rates several times, but all the major European companies are still pessimistic about the prospects for their exports, Europe's third-largest truck maker MAN AG chief executive Hakan Group Samuelsson said this week that due to the downturn in the global economy, companies operating in 2009 will face immense difficulties at the same time, the company will cut 30% to cope with the economic crisis. In addition, the world's largest chemical company BASF announced last month in 2008 to reduce the expected profit, because most of the customers to reduce the size of the orders, the company decided to suspend its 80 manufacturing plants in order to cut operating expenses. Barclays Bank's chief European economist Julian Callow believes that the European Central Bank's rate cut of 75 basis points rate is still not enough, he said: "Now, Europe's economy has reached the edge of the cliff, while the European Central Bank has not seemed to pay attention to To the situation. If the rate of 100 basis points rate cut, then the situation may turn for the better and faster. "

Fluctuations in the yuan so that we see?

In 2008 the global economy is in trouble in the form of a year, from international to domestic economic policies have become more frequent and diversification of the year, tax reform, stock, real estate, business regulations stifle the industry and so become the year's Economic activity behavior policy after another wave of the spray. December 3, 2008 media reports: Chinese high-level security will be the principle guiding growth of nine, Premier Wen Jiabao again under investigation in Guangdong. Hong Kong media, "Ta Kung Pao" said the State Council will soon be prime minister again went to visit Pearl River Delta of Guangdong's small and medium-sized enterprises for independent innovation, as well as their development, then this is less than half a year, Premier Wen Jiabao personally to third on an inspection tour of the Pearl River Delta , As a result of this very critical point in time, the central authorities to immediately convene the central economic work conference, so the outside world to develop, the overall temperature to Guangdong in person to believe that the next phase of a policy to do research. Said: Academy of Social Sciences, published yesterday on China's economic blue book predicts China's GDP next year eager to an increase of 9%, and it recommended that the RMB should be stable exchange rate, the exchange rate to make the necessary adjustments. The report also predicted that the mainland's economic growth next year of the most optimistic estimate is that in the fiscal and monetary policies of the two-relax, GDP could reach 9.5 percent growth, and that if the conservative estimate is that 8.5 percent growth, but this is the case, only 20%. On the other hand, CPI dropped important anti-deflation. In the Monday, the central bank announced interest rate cut in 2, 500 yuan a day diving point, the first fall in a row, some people doubt: RMB devaluation of the U-turn it? As a result, some experts pointed out that the sharp devaluation of the yuan, out of the "capital growth", he believes the yuan is being ushered in a most favorable time for depreciation, the depreciation of the "very good, very correct." Is that really so? RMB exchange rate change because the central bank to cut interest rates and the growth of China's economic security? Depreciation for capital growth? By the end of August, the renminbi stable against the U.S. dollar exchange rate, the benchmark price within a narrow range around 6.83 fluctuations. As a result, the yuan yesterday, down 156 basis points in major U.S. and foreign exchange than analysts expected. BNP Paribas in the short-term interest rates and foreign exchange products, traders said Qiu Xiaoming, "has been a long time no devaluation of the renminbi," but last week since the devaluation of the RMB exchange rate has now signs. Last Thursday, the RMB exchange rate depreciation of the U.S. 20 basis points last Friday, the RMB exchange rate depreciation of the U.S. than in the previous 57 basis points. But we can not help but have a doubt that when the global economic downturn today, the United States and Europe because of the national economic crisis and limit its import trade has not been the qualities of the day, we rely on the devaluation of the yuan to promote exports patently unreasonable, as a matter of fact, this The basic method is to stimulate exports is useless, as the Central University of Finance and China Banking Research Center Director Tian Yong, Guo said: "The emergence of a moderate depreciation of the renminbi is conducive to the domestic economy. However, the adoption of the devaluation of the yuan to boost exports of the way, the result is not Will be very good. Because of the economic crisis under the demand of developed countries to reduce substantially. " Released by the General Administration of Customs show that in October this year, China's total export value of 128,327,000,000 U.S. dollars, up 19.2 percent, the total value of imports of 93,088,000,000 U.S. dollars, up 15.6 percent. China's trade surplus in October of up to 35,239,000,000 U.S. dollars this year for the third consecutive month of trade surplus hit a monthly record high. Without a doubt, the current global financial turmoil and the economic outlook full of uncertainty, the United States, the European Union and Japan, and other major economies have a weak trend in the international market demand will be weak this demand is close to a rigid demand, Under the present circumstances, even if the devaluation of the RMB is also very difficult to promote exports and stimulate growth. French bank Societe Generale said that even if China's central bank cut interest rates after the U.S. dollar against the renminbi can not be sustained rebound is expected to cut interest rates for the RMB exchange rate will not have any impact, and the large trade surplus and foreign direct investment flows showed that the level of the medium-term appreciation of the yuan still exist Pressure. There are expert analysis, "Before this, the central bank sharply cut interest rates 108 basis points in the short term will not be large rate cut, growth in security tool to be transferred to the exchange rate policy." Expanding the budget deficit and by the impact of the dollar may weaken These will be brought about by the appreciation of the renminbi pressure. He also believes that the devaluation of the Renminbi will continue depends on market response, "I believe in the coming week should determine whether the trend of the formation." Insiders said that the market began to feel that China's economic situation than originally expected to be severe, which may allow the central bank is expected to devalue the Renminbi. Earlier, the central bank governor Zhou Xiaochuan also said that does not rule out allowing the devaluation of the Renminbi. In that case, the devaluation of the Renminbi against what we have been affected? Members of the public contrast spread pessimism, the author's more likely that the economic crisis for us, even though China is the financial structure of health organizations, collective enterprises, listed companies corporate governance structure of the anti-strike capability, the regional economy is an anti-strike capability With great challenges like a severe market environment and economic environment of a bad cold, dead and injured numerous cells, but also because many white blood against a cold virus and dedication to this market environment has become a bad cold on the economy and victim of a pioneer. However, we can not deny another possibility, the author of "China's economic enterprises punctured how to market Jianbi winter," the author has analyzed the current problems we currently face problems and must seize the opportunity. 1. Substantial price reduction of the means of production, China's manufacturing industry finally be cheaper to upgrade resource 2. Crisis in the lead, the purchase of intellectual property rights is no longer a "mission impossible" 3. Lower the price of crude oil to ease China's energy shortage crisis, is to take this opportunity to a large number of opportunities for energy storage 4. If the renminbi appreciation on global economic impact, the better realization of China's global economic status of the importance of the state to establish a global reach of the timing and place the opportunity may be China's true "stand up" degree of success Hiding one's capacity over the long closed-door stage exit possible. 5. Survival of the fittest industry to re-sort cards and more viable enterprises emerge, adapt to the new force would be the impact of the economic tide will be better reflected in our production capacity and level. However, the ability to seize the current opportunity is that we need an in-depth thinking. Because: 1. Substantial price reduction of the means of production, China's manufacturing industry finally be cheaper to upgrade resources. However, can not overlook the fact that the Chinese enterprises have been the industry's ability to upgrade? In the market, many enterprises of strategic ambiguity, random positioning, market segmentation is not clear division of powers is not clear personnel management, scientific and technological innovation to make limited to the concept of playing the "cheat" financing and loans, by blood transfusion alive, so that the state enterprises and Society no longer has the ability to create and contribute to society and the state's burden in the front of opportunities and they did not seize the opportunity to upgrade the capacity of. 2. Crisis in the lead, the purchase of intellectual property rights is no longer a "mission impossible." Most of whether or not it has such a capital worthy of consideration, a number of enterprises are satisfied with the concept of Chaozuo Hu You and markets, the economic environment in the coming of winter is not the time to consider how to help themselves, all their hopes in the mother (countries) who was prone to National brands itself as offering support for the government, requires that all policies and regulations of the tilt, the injection of capital requirements, not to seek the downturn in the global market now find their own opportunities and true in word and resolute himself the voice of foreign monopoly theory, it is filthy and lowly, and the other people Their feelings, "rickets" and "King behind the door" In addition to the bullying Davis Maniang outside the embarrassing task. 3. Lower the price of crude oil to ease China's energy shortage crisis, is to take this opportunity to a large number of energy storage. The drawbacks of monopoly industries and then exposed the Wu Yu, in a number of state-owned enterprises has become increasingly individual leader appears to be less under the control of the national cause, and perhaps the economic crisis was a sort of such enterprises in the national leadership to the people of the Government's Responsibility to the best time. 4. If the renminbi appreciation on global economic impact, the better realization of China's global economic status of the importance of the state to establish a global reach of the timing and place the opportunity may be China's true "stand up" degree of success Hiding one's capacity over the long closed-door stage exit possible. There is no question. Although we see a clear appreciation of the RMB exchange rate change in the market is normal, but for the global economy is bound to have an impact. When domestic loudly, many experts and scholars to celebrate the team competition Aoba Ma finally boarded the highest rule of the United States, I had to write comments on the petition people "do not forget, no one, no matter what his race, as long as he boarded the president's The right position, he will not be representative of his own, but rather the interests of the country. " When the United States in the history of the first black president expressed his gratitude to the neighboring country, he did not mention China and Russia, which has been fully launched to give us a signal, at least in his mind, China is not a friend, we We do not speculate in their hearts what our position is, but we should be a clear: China should do their own. We only had a powerful, will it be possible to respect other people, we should not expect other people and because we are people of color on the poor, like us, we sympathize with, we have to show goodwill. As one of entrepreneurs living abroad for many years said: "China should not have to Xi their offerings to please foreign interests," he further clarified his point of view: "We can take this opportunity to withdraw foreign capital into low-cost or even free access to energy resources such as minerals The right to ownership and exploitation of the recovery. "He said:" The Chinese leadership must know: No matter whether the Chinese have the money, power, China can not save the world can save on their own good. The economic crisis can only be as strong Chinese rich opportunities. " We have already hiding one's capacity for too long, we have no reason not to use the current opportunity? In the process of world civilization, we see contemporary civilization Mo Bushi "predatory" As a result, if history is a history of plunder is not too much, in the present, we do not have to plunder other countries, we need to improve themselves, seize The opportunity to succeed. Therefore, the power to become a vassal or become their own masters, we must now be the choice. 5. Survival of the fittest industry to re-sort cards and more viable enterprises emerge, adapt to the new force would be the impact of the economic tide will be better reflected in our production capacity and level. The new dynamic is certainly strong. When a high fever after the old cells are clean, fresh cells to become mainstream, it was a bad cold, after the income, many businesses have closed down we do not have to be closed down or too pessimistic because it's one of many companies and not only because The economy as a result of the cold wave deaths, they are more dead in the greed and speculation on the road, too long because too many bank loans and investment has shrunk as a result of the Conference of self-harm. A lot of cases, one by one does not go into details here. Therefore, the economic crisis as the labor pains of a new life, death, but of course there are the new force will grow and how to provide new life to the survival of the importance of the atmosphere is much higher than the maintenance of old Chen died of the old system and the old forces. For those outside interests to issue repeated requests to die to save some of the stereotypes of the implication of bringing disasters should awaken the heart of the current decision-making. For example, a large number of migrant workers return home, I just think this is the first time the original return to their home land, the land is not only detrimental to the reunification. Migrant workers from the personal family life, to return to a stable family life conducive to a more normal life, a stable and harmonious villages in the lower empty nest is conducive to development of the younger generation; from the community as a whole, the upgrade of agriculture in this round of economic crisis may be able to By the return of the re-farming of these experienced "a certain vision of life fashionable" new farmers in rural areas to achieve industrial upgrading and innovation of cash crops. The key lies in management policies and guidance. For example, at 4 trillion of investment in rural areas the proportion of investment projects and the use of the actual situation of the supervision should be a top priority. This is related to China's national plan on the basis of people's livelihood. (Then there will be devoted to analysis of the article, please take heed) In that case, the devaluation of the yuan so that we see? Combined with the global economic crisis, I believe that that is precisely the hope and opportunity.

New York stocks closed higher Wednesday oscillation

New York stocks closed higher on the 3rd oscillation, all three major indexes rose more than 2%, the Dow Jones index rose more than 170 points. As the data show that there are on the same day the United States increased the number of mortgage refinancing, to the financial and non-essential consumer goods up the plate to provide power, making U.S. trading Wednesday after a violent oscillation, the second consecutive trading day to close up. As of the close (5:00 am Beijing time), the Dow Jones Industrial Average rose 172.60 points to 8591.69 points, or 2.05 percent. Standard & Poor's 500 index rose 21.93 points to 870.74 points, or 2.58 percent; Nasdaq composite index rose 42.58 points to 1492.38 points, or 2.94 percent. Research In Motion (RIMM) lowered its third-quarter earnings per share and revenue goals. The Institute for Supply Management said that in November the U.S. service sector index fell to 37.3, fell to a record high. Over the same period released by the ADP national employment index reported that in November the private sector in the United States lost a total of 250,000 jobs, down more than 205,000 people expected to decline recently, the highest since 2007.

U.S. stocks for the second consecutive trading day up

U.S. stocks Wednesday after severe vibration, closing the second consecutive trading days up. U.S. data showed a massive growth in mortgage refinancing, which will give financial and non-essential consumer goods up the plate to provide power. The Dow rose 2.1 percent, the Nasdaq rose 2.9 percent, the Standard & Poor's 500 index rose 2.6 percent. "The Wall Street Journal" reported that the Ministry of Finance is considering the development of a lower interest rate mortgage scheme, or a new mortgage rates fell to 4.5 percent, the news is also encouraging investors. Miller Tabak & Co. Bond market strategist Tony - Shen Qi Clayton (Tony Crescenzi) pointed out that "When Obama took office in January after the U.S. government is likely to introduce more measures to stimulate the housing market, the financial Obama Stimulus plan will include measures to encourage people to buy a house. U.S. Mortgage Bankers Association (Mortgage Bankers Association) survey released Wednesday showed that due to a decline in interest rates to attract lenders competing for loans, the United States last week, mortgage applications increased 112.1 percent over Central. Wednesday's release based on the ADP employment index of the United States, the United States in November the number of unemployed people in the private sector up to 250,000 people for the past seven years the number of unemployed up to one month. U.S. well-known professional advisory company Challenger Gray & Christmas survey also showed that by Citigroup (C) and other large-scale downsizing of the bank, in November announced that American companies to reduce the number as high as 181,671, a nearly seven years A new high. The Institute for Supply Management survey released Wednesday showed that in November the U.S. non-manufacturing activity shrunk dramatically, and the rate of contraction of the most ever hit. New York's main oil futures contract in support of inventory data rebound once, but closed down slightly. Shortly after the U.S. government released data showed crude oil inventories last week's unexpected decline. Wednesday, New York, oil prices fell 0.4 percent to close at 46.79 U.S. dollars. European stock markets Wednesday Xianyihouyang, medicine and telecommunications sector that drove the stock market bottomed back up the main driving force. Britain and the market generally expects the European Central Bank will cut interest rates tomorrow. As of the close (5:00 am Beijing time), the Dow Jones Industrial Average rose 172.60 points to close at 8591.69 points, or 2.05 percent. Citigroup rose 8.3 percent, Bank of America rose 7.1%, JP Morgan rose 6.0 percent. Alcoa fell 5.0 percent. Standard & Poor's 500 index rose 21.93 points to close at 870.74 points, or 2.58 percent. Standard & Poor's 10 industry sector, financial services, consumer discretionary and information technology sector led. The Nasdaq composite index rose 42.58 points to close at 1492.38 points, or 2.94 percent. Marvell Technology Group Ltd. (MRVL) soared 20.4 percent, the chip maker last quarter results were better than Wall Street expected. New York Stock Exchange volume was 1.5 billion shares, the shares rose more than 2 to 1 ahead of the stock fell. Nasdaq volume was 10 million shares, the shares rose more than 8 to 5 on the leading shares fell. BlackBerry maker Research In Motion rose 4.4 percent, the company lowered its third-quarter earnings per share and revenue expectations. Its rival Palm Inc. (PALM) yesterday also issued a similar warning, which fell 16.8 percent. Thornburg Mortgage Inc. (TMA) said that as a result of share price has fallen below the bottom line of 1 U.S. dollars, the company's shares have been ordered to suspend business for the New York Stock Exchange. Mortgage Bankers Association weekly report showed a decline in interest rates as a result of the last surge in mortgage applications. ADP national employment report of the index in November the private sector in the United States lost a total of 250,000 jobs, decline in the past seven years is the highest. Craven said Shen Qi, "ADP data so that investors will be more acceptable to the Friday release of the employment report may be bad." Harris Private Bank chief investment officer pointed out, "ADP report every month this year, underestimated the loss of jobs." The Labor Department report on the productivity of American workers in the third quarter slightly higher than previously published data. The Institute for Supply Management said that in November the U.S. service sector index fell to 37.3, fell to a record high. Action Economics analyst pointed out that "American families and businesses are quick to leverage, as the bank over the past year has done similar. These acts of expenditures and output a tremendous impact."

Correct understanding of the "market" the characteristics of the bull market

Recently, the existence of such a market phenomenon: the index did not rise every day, the stock market is extremely strong. Every day not only just a few stock will be trading market, and not a lot of stock trading is often a huge pay. This has puzzled many people. Would like to operate it, the performance of the stock market really seems to be not up to much. You do not operate every day looking at so many stocks are trading up or even, was also really anxious. In fact, such a situation by which we should be a great opportunity to make money. Personally, I say now that the market for "bull-market", that is, the vast majority of among the stock market does not care about the trend of the market, just out of its own aggressive price increases. This is, we should be the favorite. Historically, there have been "to make the index does not make money", is the fact that the situation "index" bull market, the majority of our investors, not the benefits. This "market" is the bull market that we should focus on good grasp. To deal with this kind of "market" bull market, we should pay attention to the following points: 1, the index has changed is not so important. This is the first we have to clearly understand the point. As long as there is no unilateral index plummeted, the money market, which will continue to effect the appearance. As long as the market every day there is a huge money-making effect of the wave of bull market will continue to be continuity. 2, in the early stage of China's market has fallen too far and then seriously fallen too far, the external market shocks, we do not have a material impact. Low-opened, after diving have little to fear, perhaps after bargain-hunting can be a great opportunity. 3, blue-chip market is not easy to appear the good performance of the hot spots on the body in small-cap stocks. We can look found that the market trend of time-sharing plans, the yellow line has been at the top of the white line. Yellow line represents the trend in small-cap stocks, while the white line is the real index, said that the stock market and the trend of the heavyweights. From this, we will be able to easily find the money in the mainstream of what kind of stock. 4, the mainstream will continue to be the subject of speculation in the future should be a main concern. Margin, stock index futures, the launch of the Growth Enterprise Market, energy reduction, expansion of domestic demand is still a hot topic over the next five. The stock really worth close attention. 5, the future market will be a lot of small and medium-sized blue-chip stock performance of the board of the same time force, which is Bankuailundong rhythm aspects of the problem. In addition, when the poor performance of the stock spam, Zhuanggu weak and the ST shares up all over the place, the stage is fast emerging at the top of the market. In the short term, continuous Huijin Construction Bank's holdings information has given us a clear hint, that is, in many small-cap stocks in the performance of more or less the same time, the blue-chip market will eventually be introduced, we want everyone to be able to beat Tazhun grasp Live in their own part of the profits!

Pu Zhang stock market in the Asia-Pacific

Japan's Nikkei stock closed Wednesday 1.8 percent higher, the retailer Seven & I Holdings as a result of a brokerage upgrade jump up, but the auto sector as a result of U.S. auto sales dropped sharply and lost, dragged down market trend. Nikkei. N225 up 140.41 points to 8004.10, after rising 2% had; day it lost 6.4 percent, hitting a two-week closing low. TOPIX index. TOPX up 1.5 percent to 799.19 points. South Korean stocks closed flat, rising bank shares declined while auto stocks South Korean stock market closed flat Wednesday, after severe concussion; shares by overseas auto production declined impact of the news, while banking stocks rose, as a result of state-owned institutions will be absorbed by mutual savings banks non-performing assets of encouraging news. Composite Index. KS11 slightly by 0.05 percent to close at 1022.67 points, after earlier rose 1.5 percent, touching on GAO 1038.41 points, lower at 1013.56 and Japan. Australian stock market rose 0.2 percent, Australia by air with the merger of British Airways plans to push up Australian stock market rose 0.2 percent Wednesday, retail stocks by a further decline in interest rates is expected, driven up. Australia by air with the merger of British Airways plans to take to promote the Canal. Australian stock market has been taking up most of the earlier period, reflecting the market's caution, investors still worried about the bleak prospects for global economic growth. Australian Bureau of Statistics Wednesday announced that Australia in the third quarter to a seasonally adjusted real GDP (GDP) growth over the previous quarter of 0.1 percent over the same period last year growth of 1.9 percent. A record growth rate of the slowest in eight years. This is to further strengthen Australia's central bank The rate cut is expected. Royal Bank of Canada Capital Markets (RBCCapitalMarkets), a senior analyst Su-LinOng said: "We believe that the (Australian) economy will be very close to recession levels, however, have been targeted at the large-scale incentive plan. We believe that the Bank of Australia in the first quarter next year Former continue to cut interest rates to 3.50 percent. " Taiwan's stock market fell 49.72 points to close a week low, dragged down by electronics shares fall Taiwan's stock market closed Wednesday down 1.14 percent, to close the week lower, dragged down by electronics shares decline, as a result of advanced chips such as Taiwan Semiconductor Manufacturing and related businesses in the fourth quarter of lower earnings. Weighted index. TWII was down 49.72 points to 4307.26, on November 26 for its lowest close since Taiwan stocks fell 3.57 percent the previous day. Preliminary data show that the transaction value of NT 59,415,000,000, 54,387,000,000 for the day.

China's stock market over the next 10 years is bound to the world

Name "shares God," Warren - Warren Buffett will be the name of the people that spring immediately to mind. He is not a big star, but it has the largest number of "fans"; people delight in talking about his investment philosophy, but he always Cai Butou investment strategies and tactics. Bid was 2,110,000 U.S. dollars and in the history of the greatest investors had lunch, only to get his two-hour "challenged myself." Not long ago, the United States coincides with the full-blown financial crisis, and the author in the world's most influential business women in the General Assembly (MPW summit) on an interview with the Warren - Warren Buffett, has finally seen the back of the mystery of the Wise. Love jokes of the shares of God: "We have to market as a toad" Nine, in October the United States is in full swing at a time when the financial crisis. But to my observation, Buffett Youzaiyouzai still enjoy their favorite activities: bridge! It is worth mentioning that his online licensing is the Friends of Bill - Bill Gates. Buffett's energy is very strong, especially his favorite activities, 22:00 minutes was also playing bridge with great interest to all organizations. Buffett to the author's first impression is its fast speed, no matter what, he blurted out almost all of them are given the most relevant answers. On the other hand, he is talking require the response is very high, or will not talk more than 2 minutes. General speed quickly, others will give an uneasy feeling impatient, but Buffett is the other side of the patient and very friendly. No matter who talked with him, no matter what he was doing, he immediately got up. Take pictures of it is a small thing, I was taking pictures of the camera model has not adjusted right, a 5-shot, each very vague, and re-adjust the shooting mode before making a final satisfaction of the photos. I have a little bit embarrassed, but the whole process Buffett has always smiling, standing at the site, the same as the older hands gently up in my shoulder. Since the financial crisis, many American companies to the CEO called Buffett, in fact, there is only one reason - they need his money and his help. "In fact, our market as a toad, and Berkshire - Hathaway (Berkshire Hathaway, Buffett by the creation in 1956, the main business, there are many other areas of commercial activity) is seen as Princess . If you receive a kiss, we would be turned into a handsome prince. If I said no, then we are a toad. "Buffett saying," We have a lot of choice, but only a minority of them kiss , And then threw their money. You know, if you have no money, they often will not be pro-you. " Buffett, and in exchange, his affinity with humor so that the financial crisis in the company's executives were constantly laughing. In the face of the summit of the world's most influential business women who surrounded the question, Buffett said humorously: "I would like for a high school in the people, not the date it is paradise." The theme of the speech, Buffett has not forgotten to quiet a silent, "Jesus Christ received the 12 disciples were in the men's selection, the ratio is 4000:1. If the Last Supper picture, there are 6 Like a woman, and perhaps the entire world will change. " "In the past, women will always be subject to unfair treatment in the past for a long time, and I was only half of the population in the world competition, now, and now have 100% of the population to compete." Buffett: "I am optimistic about the Chinese market" I had just arrived at the Four Seasons Hotel when it has met with Buffett, but with the president of Goldman Sachs and I hurry to pass. Over the next few days, the rush from Buffett has also been chasing the American media. Over the past few days, although from time to time someone came up and talked to him and to discuss the future of the U.S. economy, but to be invited as the only Chinese women, I can not give up the opportunity to interview him. First of all, my question: "Warren, each of the business cycle turning point in what has often features? Whether the combination of the actual situation in China to talk about?" Buffett said that virtually every economic cycle Yidingzhigui do not have to be found. Especially as emerging markets like China, a fast-changing. I asked: "What are optimistic about the future of your industry?" Buffett said that not all sectors are interested in him, even if some of the promising industries. If a single place by virtue of a stock to trade also will not work. He said that every stock has a series of relatively complex selection criteria usually have to consider all aspects of the situation, not just to trade stock. Buffett to the author on China's stock market now, China's stock market over the last period of great decline, to become the world's "most." I asked Buffett, "Warren, are you in the Chinese market to see how the future?" Buffett gives stock investors came to China to make the exciting answers. Buffett said, "I am optimistic about the China market, do not care about the short period. In the next 10 years China's stock market is bound to the world." In fact, in the author prior to the meeting with Buffett, Berkshire - Hathaway subsidiary of Sino-US energy to 8 Hong Kong dollars per share subscription price of 225 million shares of BYD Company shares, accounting for about Zambia Di ratio of 10% of the shares, the transaction price of a total amount of about 1.8 billion Hong Kong dollars. BYD Company is listed in Hong Kong from the Mainland largest rechargeable battery maker, in 2003 as among the world's second-largest manufacturer of rechargeable batteries. Buffett's investment because of the three trading days, BYD share price soared 89 percent. Why stake in GE? "I like the bid" Buffett's Berkshire - Hathaway to spend 3.0 billion and 50 billion U.S. dollars, has purchased General Electric and Goldman Sachs Group's preferred stock. When people have lost confidence in the market, "Warren" Buffett has gone against the market trend admission. In response to why the question of General Electric shares, Buffett has always smiling, this investment can not conceal his satisfaction. He was sentence to a term bridge, "I like the bid." "General Electric (GE) of the United States is the world's iconic companies. For decades, I have been leader of the General Electric Company and its friends and admirers." Buffett said, "GE is very well-known American Companies. Basically, every day, it has a lot of financial services. They need a 'war capital', not the 'war capital' unfit to carry out the program the next step. " Buffett further explained, "I think we are a year will be 10% of the fixed income it earned 3.0 billion, as well as assessment of the very interesting," Buffett said, "The motion is in fact not long ago to invest in Raised only. We have two directors, in fact, is a break - Decker, she sent an e-mail to me. She was very polite than Charlie - Munger (Charles T. Munger, Burke is Hill - Hathaway's vice chairman, Buffett's partner and friend) was also more polite. She asked: 'not in the consultation and directors, you made the decision, there will be any shortcomings it? 'I said:' Well, the next board meeting we will proceed to this task. ' " Buffett said that "rapid action in a timely manner can generate tremendous benefits. People know I can call to the consultation, and will soon get an answer. For example, General Electric will call to ask me: 'What you do it?' "The same thing also happened in Buffett Goldman Sachs (Goldman) on the company's investment. "They will get an answer and it certainly would be honored. It was a very huge gains. We have to let go of their own debt, which itself is beneficial to them." Buffett also talked about the United States in particular of the Joint Energy (Constellation Energy) acquisition. United Energy Corp. (NYSE: LNT) is the nation's largest energy companies. Based in Baltimore, is among the top "wealth" of the selected 200 of the most competitive energy companies. United Energy Group of Baltimore is the electric company's holding company, its service area, including the city of Baltimore and central Maryland, about 1,100,000 electricity customers and 570,000 natural gas customers. They have all types of power plants throughout the United States. The Group operates successfully in the United States Nuclear Power Plant 3 (5 units). A few weeks ago, the United States joint energy company's stock from 50 U.S. dollars per share fell to 14 U.S. dollars per share. Then, the U.S. Energy Holding Company (American Energy) gave Buffett a phone call, described the occurrence of all of this, fears of bankruptcy looming over the company as a whole, because generally speaking, companies have a market value of a series of valuation level, if they drop in grades , It means they have to provide more collateral, they did not have the capital and other. As a result, Buffett said: "He would call it." U.S. assistant to the chairman of the Joint Energy and picked up the phone. She said: "Sheng, Mr. Fox is an important open meeting, I can not bother him." Also refers to David - Sokol (Note: this person has entered a formal board of directors BYD). David told her that because even in just two words to submit the piece of paper, as long as she interrupted the meeting, so she could get the sack. However, she accepted Buffett. "That night the company as a whole are very excited, we can offer, the injection of funds, they know we can do this. The same is true of other companies, when they are under the sea to sink, we easily pull them out. At first they refused, they hesitate to say that, after we signed the night. "Huishenghuise Buffett described the process as a whole. "Today the economy is a 'Pearl Harbor'" Second loan crisis, the U.S. economy has become worse in the end there will be more than that can not be avoided. But Buffett has always been full of confidence in a way, "I hope that as long as I have in this world would not be too bad!" Buffett said, "In fact, I've never seen this kind of today's credit market. So, I think this is an economic 'Pearl Harbor'. We have a great need for funds. Please note that we are talking about the world as a whole, rather than Only the United States, the whole world in the reduction of financial leverage. If everyone is to lift lever, then they will want to get the money at any time in between the lending and spending, which are widely used truth. People People want to reach higher goals. Now, everyone in the reduction of financial leverage (to undermine the financial system for the better regulation), which forces the only resistance to the U.S. government is the only U.S. government can suppress it, Lever up. This is the entire world economy. No sum is perfect, so I have always thought that 700,000,000,000 U.S. dollars rescue package will be adopted. " As for 700,000,000,000 to save the city how to spend funds, Buffett believes that the key to the market price. If the acquisition is based on market prices, the U.S. Treasury Department will certainly profit. "You may see this is the case, the money is the price at a loss to those who want to raise the financial leverage was powerless to do anything people to buy. That is, when the Arbitrage Fund in order to buy 22 minutes of Merrill Lynch, They must be based on the price of 3 / 4 to obtain financing of the sun. I mean can not be from the market in order to get those assets in the name of financing. " "Therefore, if those assets in order to sell at a loss, there is no regulation of leverage, arbitrage funds and other institutions will purchase a small share of trade accounted for about 15% to 20%. Now, if the Ministry of Finance to the acquisition market, and Treasury borrowing to buy low-cost, then all the power will play a role in regulation Lever, and will earn a lot of money. And I will be 1%. In other words, my personal profit or loss may be 7,000,000,000, but I am willing to To do such a thing. Because the Government can do, I can not. They can take unlimited funds, and that they can take an unlimited cost money, others do not. Even if their market price to buy That is a huge opportunity. As a result of government intervention, the market will likely increase the number. But they can not be a company's book value or the cost of acquisition - that is, when entering the monitoring committee. " "Just confidence in the oxygen" Buffett's investment always has its own set of unique philosophy, "Obviously, if we invest, we should vote for only one to get the money to survive. If a company is operating, and every day commercial paper To meet your needs, then you will not care about the date of payment is due 43 days or 17 days, the debt will not be delayed because of short-term loans than long-term loans to be cost-effective, and you do not like to pay for long-term loans More interest. All staff will work hard unless they do not have the confidence. Our confidence is like oxygen, we relied survival has never aware of its existence. If we allow less than five minutes breathing oxygen , That would be a what? " Buffett is confident that the best interpretation of the word. As well as the U.S. economy in the world is to peer with confidence. "If there is no confidence, we will not be honored on October 6 to pay 65 billion U.S. dollars, but will stop with the Mars-Wrigley deal (Mars is the M & M's and Snickers manufacturers; Wrigley is Wrigley chewing gum), and then 6,500,000,000 U.S. dollars to vote in Chicago or other places. " "I like it, the American people will be worried about how the money has been kind." Buffett said, "I went to attend a gathering of a few of my friends asked me: 'Your financial markets safe?' As a matter of fact Market talk about the financial system is not the case on the line. You must have confidence that it is reasonable confidence. But the fact is that no one can be sure that tomorrow's own credit will have a bright future, and that the only solution is to believe that the Federal Reserve The U.S. government-assisted system, and this is our market of the financial system work in a reasonable confidence. " When the U.S. economy to recover? When will the U.S. economic recovery, and Buffett did not give a clear answer, but to see that the main U.S. economic performance. "No one, as long as that money is omnipotent, it would be wrong." Buffett said, "I hope people do not expect too much. If there is no money, all this is a catastrophe, but even if it has, or will it There are many problems. " "In 1790, the United States has a population of only 4,000,000, China's population is 290,000,000, Europe's population is 100,000,000, no matter how much of the population, they have the same climate and natural resources. In the 218 years or more, we have established a One of the world accounted for 25% of the total GDP of the market economy; As a result, it is a remarkable system, the release of the unlimited potential of human beings, which is before the end of some. "Buffett said," only in the 20th century, In the United States, everyone's standard of living actually increased by 1 / 7. Over the past several thousand years we have experienced for hundreds of years, but only in an economy of the Millennium 1 / 10 has been growth. " "So far, we have experienced the Great Depression, two world wars, the influenza viruses that petroleum crisis, you just tell you what, all these bad things for the U.S. economy have caused such as the impact of the U.S. economy is still able to 1 / 7 on the growth points. - Jones average of 66 to the 20th century began, and now it is around 10,000. As a result, there is still a considerable part of the system has served us well. These systems may not be perfect, but It is the laws and regulations, which are what we created with the needs of the people of the market system. " Buffett said, "There is a saying that the very justified, regardless of a woman working at home or 75 years ago, they have been out of work, and the Earth are still running. We have improved and there is a right direction. We have to do is Let the American people keep more productive, I would like to inspire them. This is a very difficult matter. Exceptional operation could have been, but it is a mess. " Buffett and make more concerned that the city put out a funding policy and use of timely and adequate. "An ounce of prevention can be a pound of cure for pain, suffering, and the pound of cure may be delayed a ton of treatment." Buffett said, "We have suffered economic 'Pearl Harbor' attack, and spent A few weeks time to discuss this is the wrong one, you know, all the ship stopped at the port, how can we campaign for the development of the program? Determine just how many warships in the end? Therefore, things get worse, we also Stand idly by in. In that case, the result is, to spend more money to resolve this matter. "