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聯儲會減息的正式聲明(附中文注解)

(2007-08-17 07:36:35) 下一個
先是房貸債券被銀行視為廢紙(本是用來裹著定時炸彈、打上 CDO 的標簽打包批發的),然後企業債券也被正名為垃圾,股市狂泄,美元沒人要了。再這麽搞下去的話,就不隻是房貸公司破產和避險基金關門的問題了,主要滑兒街公司也快要玩兒完了。銀行嚇得要死,無論如何不再借錢出去,股民紛紛傳言黑色星期五(或黑色星期一)即將來臨,JIM CRAMER 也快要瘋了(?)。

盡管我們口頭上還得說經濟仍在緩慢成長,但如果這種人心惶惶的氣氛傳染到社會大眾的話,經濟衰退就很有可能了(至少是連續幾年的超低速經濟增長),現在是我們不得不進場救市的時候了。

我們宣布,立即開放聯邦政府的貸款窗口,利率從6.25%降低到5.75%,想借多久都行,什麽樣的抵押品都行,垃圾債券?沒問題!次級房貸債券?拿來!要知道,政府是不怕賠錢的,一來可以增加聯邦稅,二來就讓財政部的印鈔機加班就是了。通貨膨脹?現在救命要緊,顧不上那些了。排好隊,總得有個先來後到,借幾億?

=== 外匯論壇
債市、股市、匯市,市市關心;小賺、大賺、狂賺,賺就開心。 http://groups.wenxuecity.com/groupview.php?gid=123

Federal reserve Board
For immediate release

Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward. In these circumstances, although recent data suggest that the economy has continued to expand at a moderate pace, the Federal Open Market Committee judges that the downside risks to growth have increased appreciably. The Committee is monitoring the situation and is prepared to act as needed to mitigate the adverse effects on the economy arising from the disruptions in financial markets.

To promote the restoration of orderly conditions in financial markets, the Federal Reserve Board approved temporary changes to its primary credit discount window facility. The Board approved a 50 basis point reduction in the primary credit rate to 5-3/4 percent, to narrow the spread between the primary credit rate and the Federal Open Market Committee's target federal funds rate to 50 basis points. The Board is also announcing a change to the Reserve Banks' usual practices to allow the provision of term financing for as long as 30 days, renewable by the borrower. These changes will remain in place until the Federal Reserve determines that market liquidity has improved materially. These changes are designed to provide depositories with greater assurance about the cost and availability of funding. The Federal Reserve will continue to accept a broad range of collateral for discount window loans, including home mortgages and related assets. Existing collateral margins will be maintained. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of New York and San Francisco.
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