CALY SWIAT FINANSUJE STOPE ZYCIOWA AMERYKI

Gość: Kagan Re: CALY SWIAT FINANSUJE STOPE ZYCIOWA AMERYKI IP: *.latrobe.edu.au / *.latrobe.edu.au 25.02.05, 06:19

To samo dalem juz na forum GOSPODARKA!
forum.gazeta.pl/forum/72,2.html?f=30&w=20803432
A oto tesc artykulu w THE AUSTRALIAN
US deficits risk crash: Treasury By David Uren and Roy Eccleston 25feb05
www.theaustralian.news.com.au/common/story_page/0,5744,12364202%255E601,00.html
PETER Costello's closest adviser fears the US is heading for a devastating
financial crash that could ravage Australia's economic growth.
As the Reserve Bank considers raising interest rates at its board meeting next
Tuesday, Treasury Secretary Ken Henry likened the flood of money pouring into
the US to support its budget and current account deficits to the stockmarket's
dotcom bubble of the late 1990s.
Were it suddenly to stop, there would be shockwaves felt throughout the world's
economies.
The financial crash feared by Dr Henry would involve a sharp fall in the US
dollar and a bond market sell-off, which would push up US and world interest
rates.
This would hit US economic growth and, as a result, cut Chinese exports of
manufactured products to the American market. In turn, this would threaten the
boom in Australian mineral exports to China.
Fears that the world economy is in grave danger are growing in the major
financial capitals.
The International Monetary Fund, which is responsible for stability of the
world economy, also warned yesterday of a sudden collapse.
IMF managing director Rodrigo de Rato said urgent combined international action
was required to head off the dangers.
The main cause of concern is the fact the US is running a trade deficit of
about $US600billion ($760billion) and a budget deficit of about $US430billion
for 2005.
US imports are almost 50per cent greater than the country's exports, with the
deficit being financed by international central banks and funds managers.
Despite signs that the deficit is getting bigger, money is pouring into the US
from Asia and Europe at such a rate that the US has been able to keep its long-
term interest rates steady at 4.2 per cent since the middle of last year.
Dr Henry said the flood of money was "worryingly reminiscent of Federal Reserve
chairman Alan Greenspan's warning in 1996 of irrational exuberance in US
stocks".
He said that, as with the dotcom bubble in the 1990s, one could not tell how
long it would keep going, but it would burst eventually.
Dr Henry's comments, made to a meeting of Asian treasurers in Sydney yesterday,
reveal that Treasury is much more worried about the health of the world economy
than is the Reserve Bank.
Reserve Bank governor Ian Macfarlane said last week that he did not think the
US current account deficit was a serious threat.
"I suspect the rest of the world will continue to finance the US current
account deficit," he said. But if it did not, all that would happen would be a
fall in the US dollar, which would not have serious consequences.
The Reserve Bank expects world economic growth to slow only slightly from last
year, when it recorded the fastest growth in almost 30 years.
The different views about the economic risks may be aired at the Reserve Bank
meeting on Tuesday. Dr Henry sits on the Reserve Bank board.
The bank does think there are risks of financial collapse in the US, but
believes it would be caused by the complexity of new financial products.
The IMF also thinks economic growth will remain firm over the year ahead, but
Mr de Rato says there are "serious threats and challenges ahead".
Mr de Rato warned that it was highly unlikely that the US would continue to
have access to "easy credit", based on its present economic policies.
Mr de Rato said the fall in the value of the dollar should act as a "timely
wake-up" to policy makers around the world to tackle the imbalances in the
world economy.
Mr de Rato said these included not only the US's deficits, but also resistance
to economic reforms in Europe and Japan, as well as China's fixed exchange
rate.
Dr Henry said the problems went beyond the American deficits, which he said
were mirrored by excessive surpluses in Asia.
He said Asian countries were not allowing their domestic economies to grow fast
enough, and were relying too much on exports. This put them at risk in any
world economic downturn.
The boom in investment in American financial markets could be brought to a halt
by a number of developments, Dr Henry said.
A slowdown in American growth could lead international private investors to
pull out of the country.
Foreign central banks, which have been buying long-term American government
bonds, are already facing big losses as a result of the fall in the value of
the greenback.
"What if they change their mind?" Dr Henry asked.
He said it was imperative that the Americans take action to reduce their budget
deficit, while they should allow the value of the US dollar to fall further.
US imports are almost 50per cent greater than the country's exports, with the
deficit being financed by international central banks and funds managers.
Despite signs that the deficit is getting bigger, money is pouring into the US
from Asia and Europe at such a rate that the US has been able to keep its long-
term interest rates steady at 4.2 per cent since the middle of last year.
Dr Henry said the flood of money was "worryingly reminiscent of Federal Reserve
chairman Alan Greenspan's warning in 1996 of irrational exuberance in US
stocks".
He said that, as with the dotcom bubble in the 1990s, one could not tell how
long it would keep going, but it would burst eventually.
Dr Henry's comments, made to a meeting of Asian treasurers in Sydney yesterday,
reveal that Treasury is much more worried about the health of the world economy
than is the Reserve Bank.
Reserve Bank governor Ian Macfarlane said last week that he did not think the
US current account deficit was a serious threat.
"I suspect the rest of the world will continue to finance the US current
account deficit," he said. But if it did not, all that would happen would be a
fall in the US dollar, which would not have serious consequences.
The Reserve Bank expects world economic growth to slow only slightly from last
year, when it recorded the fastest growth in almost 30 years.
The different views about the economic risks may be aired at the Reserve Bank
meeting on Tuesday. Dr Henry sits on the Reserve Bank board.
The bank does think there are risks of financial collapse in the US, but
believes it would be caused by the complexity of new financial products.
The IMF also thinks economic growth will remain firm over the year ahead, but
Mr de Rato says there are "serious threats and challenges ahead".
Mr de Rato warned that it was highly unlikely that the US would continue to
have access to "easy credit", based on its present economic policies.
Mr de Rato said the fall in the value of the dollar should act as a "timely
wake-up" to policy makers around the world to tackle the imbalances in the
world economy.
Mr de Rato said these included not only the US's deficits, but also resistance
to economic reforms in Europe and Japan, as well as China's fixed exchange
rate.
Dr Henry said the problems went beyond the American deficits, which he said
were mirrored by excessive surpluses in Asia.
He said Asian countries were not allowing their domestic economies to grow fast
enough, and were relying too much on exports. This put them at risk in any
world economic downturn.
The boom in investment in American financial markets could be brought to a halt
by a number of developments, Dr Henry said.
A slowdown in American growth could lead international private investors to
pull out of th

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Gość: Kagan Re: CALY SWIAT FINANSUJE STOPE ZYCIOWA AMERYKI IP: *.latrobe.edu.au / *.latrobe.edu.au 25.02.05, 06:19

To samo dalem juz na forum GOSPODARKA!
forum.gazeta.pl/forum/72,2.html?f=30&w=20803432
A oto tesc artykulu w THE AUSTRALIAN
US deficits risk crash: Treasury By David Uren and Roy Eccleston 25feb05
www.theaustralian.news.com.au/common/story_page/0,5744,12364202%255E601,00.html
PETER Costello's closest adviser fears the US is heading for a devastating
financial crash that could ravage Australia's economic growth.
As the Reserve Bank considers raising interest rates at its board meeting next
Tuesday, Treasury Secretary Ken Henry likened the flood of money pouring into
the US to support its budget and current account deficits to the stockmarket's
dotcom bubble of the late 1990s.
Were it suddenly to stop, there would be shockwaves felt throughout the world's
economies.
The financial crash feared by Dr Henry would involve a sharp fall in the US
dollar and a bond market sell-off, which would push up US and world interest
rates.
This would hit US economic growth and, as a result, cut Chinese exports of
manufactured products to the American market. In turn, this would threaten the
boom in Australian mineral exports to China.
Fears that the world economy is in grave danger are growing in the major
financial capitals.
The International Monetary Fund, which is responsible for stability of the
world economy, also warned yesterday of a sudden collapse.
IMF managing director Rodrigo de Rato said urgent combined international action
was required to head off the dangers.
The main cause of concern is the fact the US is running a trade deficit of
about $US600billion ($760billion) and a budget deficit of about $US430billion
for 2005.
US imports are almost 50per cent greater than the country's exports, with the
deficit being financed by international central banks and funds managers.
Despite signs that the deficit is getting bigger, money is pouring into the US
from Asia and Europe at such a rate that the US has been able to keep its long-
term interest rates steady at 4.2 per cent since the middle of last year.
Dr Henry said the flood of money was "worryingly reminiscent of Federal Reserve
chairman Alan Greenspan's warning in 1996 of irrational exuberance in US
stocks".
He said that, as with the dotcom bubble in the 1990s, one could not tell how
long it would keep going, but it would burst eventually.
Dr Henry's comments, made to a meeting of Asian treasurers in Sydney yesterday,
reveal that Treasury is much more worried about the health of the world economy
than is the Reserve Bank.
Reserve Bank governor Ian Macfarlane said last week that he did not think the
US current account deficit was a serious threat.
"I suspect the rest of the world will continue to finance the US current
account deficit," he said. But if it did not, all that would happen would be a
fall in the US dollar, which would not have serious consequences.
The Reserve Bank expects world economic growth to slow only slightly from last
year, when it recorded the fastest growth in almost 30 years.
The different views about the economic risks may be aired at the Reserve Bank
meeting on Tuesday. Dr Henry sits on the Reserve Bank board.
The bank does think there are risks of financial collapse in the US, but
believes it would be caused by the complexity of new financial products.
The IMF also thinks economic growth will remain firm over the year ahead, but
Mr de Rato says there are "serious threats and challenges ahead".
Mr de Rato warned that it was highly unlikely that the US would continue to
have access to "easy credit", based on its present economic policies.
Mr de Rato said the fall in the value of the dollar should act as a "timely
wake-up" to policy makers around the world to tackle the imbalances in the
world economy.
Mr de Rato said these included not only the US's deficits, but also resistance
to economic reforms in Europe and Japan, as well as China's fixed exchange
rate.
Dr Henry said the problems went beyond the American deficits, which he said
were mirrored by excessive surpluses in Asia.
He said Asian countries were not allowing their domestic economies to grow fast
enough, and were relying too much on exports. This put them at risk in any
world economic downturn.
The boom in investment in American financial markets could be brought to a halt
by a number of developments, Dr Henry said.
A slowdown in American growth could lead international private investors to
pull out of the country.
Foreign central banks, which have been buying long-term American government
bonds, are already facing big losses as a result of the fall in the value of
the greenback.
"What if they change their mind?" Dr Henry asked.
He said it was imperative that the Americans take action to reduce their budget
deficit, while they should allow the value of the US dollar to fall further.
US imports are almost 50per cent greater than the country's exports, with the
deficit being financed by international central banks and funds managers.
Despite signs that the deficit is getting bigger, money is pouring into the US
from Asia and Europe at such a rate that the US has been able to keep its long-
term interest rates steady at 4.2 per cent since the middle of last year.
Dr Henry said the flood of money was "worryingly reminiscent of Federal Reserve
chairman Alan Greenspan's warning in 1996 of irrational exuberance in US
stocks".
He said that, as with the dotcom bubble in the 1990s, one could not tell how
long it would keep going, but it would burst eventually.
Dr Henry's comments, made to a meeting of Asian treasurers in Sydney yesterday,
reveal that Treasury is much more worried about the health of the world economy
than is the Reserve Bank.
Reserve Bank governor Ian Macfarlane said last week that he did not think the
US current account deficit was a serious threat.
"I suspect the rest of the world will continue to finance the US current
account deficit," he said. But if it did not, all that would happen would be a
fall in the US dollar, which would not have serious consequences.
The Reserve Bank expects world economic growth to slow only slightly from last
year, when it recorded the fastest growth in almost 30 years.
The different views about the economic risks may be aired at the Reserve Bank
meeting on Tuesday. Dr Henry sits on the Reserve Bank board.
The bank does think there are risks of financial collapse in the US, but
believes it would be caused by the complexity of new financial products.
The IMF also thinks economic growth will remain firm over the year ahead, but
Mr de Rato says there are "serious threats and challenges ahead".
Mr de Rato warned that it was highly unlikely that the US would continue to
have access to "easy credit", based on its present economic policies.
Mr de Rato said the fall in the value of the dollar should act as a "timely
wake-up" to policy makers around the world to tackle the imbalances in the
world economy.
Mr de Rato said these included not only the US's deficits, but also resistance
to economic reforms in Europe and Japan, as well as China's fixed exchange
rate.
Dr Henry said the problems went beyond the American deficits, which he said
were mirrored by excessive surpluses in Asia.
He said Asian countries were not allowing their domestic economies to grow fast
enough, and were relying too much on exports. This put them at risk in any
world economic downturn.
The boom in investment in American financial markets could be brought to a halt
by a number of developments, Dr Henry said.
A slowdown in American growth could lead international private investors to
pull out of th
Gość: Victor Strasznie sie boimy IP: 207.134.76.* 26.02.05, 15:18

ze Europa nie przelicza swojego sztucznego pieniadza na dolary..... Po prostu
umieramy ze strachu. A jak sie juz ta cala unia rozpieprzy ( a bedzie to
niedlugo) nie przyjezdzajecie tylko do US, bo biedni i glupi jestesmy dla
was ......Jedzcie do Azji....
- Gość: 4 jaja Re: Strasznie sie boimy IP: *.fl-miami0.sa.earthlink.net 26.02.05, 16:14
  
  bedziecie placic i plakac
  nie macie wyjscia
  za duzo US$ nagromadziliscie w materacach
  szczegolnie Chiny zopstaly na lodzie
  ze swoja rezerwa setek bilionow US$ ktore sa warte coraz mniej
  Niech Zyje Partia Republikanska i jej Prezydent Bush
  - Gość: Kagan Re: Strasznie sie boimy IP: *.98.221.203.acc51-dryb-mel.comindico.com.au 27.02.05, 14:02
    
    Chiny trzymaja rezerwy w zlocie i euro, szczuropolaku...
    PS: Bush jr jest prezydentem USA a nie Republican Party,
    ktora zreszta budzi sie do zycia tylko w roku wyborczym, po
    czym zamiera na 3 lata...
    - Gość: MISIO australijscy specjalisci od Ameryki IP: 207.134.94.* 27.02.05, 18:10
      
      Cieszymy sie ,ze nawet na takim zadupiu jak Australia polityka amerykanska
      wywoluje zainteresowanie, a co poniektorzy nawet uwazaja sie za specjalistow od
      tego kraju, nigdy w nim nie bedac.
      Nie martwcie sie o Ameryke, byla, bedzie i bez waszej pomocy da sobie rade. A
      co sie tyczy pieniedzy to sa one "zywe" i prawdziwe, czego nie mozna powiedziec
      o sztucznym nominale nazywanym EURO. Wyglada to to smiesznie i ma tylko
      abstrakcyjne pokrycie. Wiec kiedy ten sztuczny stwor nazywany UE rozpadnie,
      pieniadz takze peknie jak banka mydlana.
      - Gość: Kagan Re: australijscy specjalisci od Ameryki IP: *.latrobe.edu.au / *.latrobe.edu.au 28.02.05, 05:45
        
        USA znajduje sie na terytorium skradzionym albo uzyskanym podstepem od Indian,
        Meksyku, Francki i Rosji a wiec uwazaj, ktory "twor" sie rozleci szybciej...

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