In the late announcement on July 31, Barack Obama, the parties to pass the beauty of the world's attention to the alarm of debt in default of agreement be released after both houses reached agreement on the debt limit.
Under the oultet christian louboutin babel boots agreement, the U.S. government billions of dollars until 2400-2100, raises the debt limit in three phases. Raising the limit of debt $ 400 billion now, as far as to deny the majority of both houses, second stage, further, in order to increase the $ 500 billion this fall, the third stage in the $ 150 billion from 1200 the increase. Meanwhile, the budget deficit significantly will reduce the fiscal austerity 2500000000000 spent about $ 2010.
The market is torture "political show"
Alert, after several months of negotiations after a compromise between "hope", "donkey" is raised because of the market for American political world "political show" and severe shock.
International Trade and Economic Cooperation Ministry of Commerce, to accept the British Market Research Bureau International Vice Renbai Ming "(raising the debt limit in the U.S.) path, and it is reflected in the product market very, very tangled been made In the moment that the volatility. Moments "journalist," was passed now, safe to eat, given the international commodity market in the near future, uncertainty in the short term fluctuations in prices below do not throw the entangled, "he said.
Agreement before the introduction of market panic caused by the turbulence is small and not tangled. Before you worry about the market in the U.S. debt default, the first year, leading to Wall Street's worst week weekly fall received a stock index of about 4% of the three major U.S., at August 02 deadline to increase, The stock market last week.
Followed by the gold market and other commodity prices and crude oil. The first dollar index falling international prices for crude oil prices in New York for four weeks after a decrease of 0.6%. Very serious market risk aversion as investors in gold prices, resulting in the sale of risky assets such as cash and investments of such money for.
Feel the panic in the financial sector, to develop a response to a U.S. debt default and other agencies of U.S. banks and insurance companies, insurance companies due to the accumulation of vast amounts of gold available, prepare a turbulent future you.
To blow away the haze breeze, contracts market, "Wall Street Journal" reported, according to the stock market, agreed to limit debt in the United States to boost the message, Nikkei Stock Average, S & P / Australia ASX200 index was up 1.4%, an increase of more than 2.0%. Meanwhile, gold prices, to find $ 1,609.70 an ounce.
Positive short-term stabilization of the global economy
To reach agreement on the U.S. and global economy is good.
Finance and Investment Committee Chairman of China International Economic and Technical Cooperation, Dr. Sun Feifei economists, the U.S. government's debt default risk of the company they work for the U.S. dollar, the country's credit, lift, pass the agreement that "not only beneficial for the stability of the global economy that reporters would have certain advantages in order to promote sustainable economic development in the world."
In the U.S., the government's default risk, the world reached an agreement to eliminate the new wave of financial crisis temporarily avoided. Industry officials, the default if the U.S. recession in the U.S. in world's major economies, while a significant negative impact on the United States is facing the U.S. economy into recession again, from top to bottom pointed out that increasing the fiscal burden. On the other hand, with the significant depreciation of the christian louboutin shoes ebay dollar sovereign debt ratings of different results in the United States is downgraded, the world's currency markets will be affected.
"The agreement, by short-term stabilization of the global economy, people can continue to trust the dollar." I said clearly: With this agreement, "but expect to solve all the problems In the United States that are unrealistic, the original virtual state of the economy depend on long-term perspective will need to modify the financial crisis, the United States does not depend on the global economy, the United States, developed countries led the emerging economies account for half of the world economy, the other half the next, and world economy led by a joint European countries and emerging economies., the two aspects that need to execute long-term persist, these What can be resolved through the product of the United States finally agreed a bipartisan kind, outside is not a cold the other, now the country of diversity in the world, countries and relies on the development of the country . "
You must cancel the warning still wary.
Analysts, the lifted despite the default warning Treasuries short, the U.S. economy "debt" model that persists pointed out that it is not a fundamental change in the risk of default in the world, short-term In order to eliminate the panic and are still difficult.
However, over time the U.S. debt has long been very serious. IMF's latest data, the next year showed the U.S. federal government debt of GDP, is expected to rise further from 103% to 99% this year.
In addition to rising debt levels of U.S. government agreed to raise the debt limit, the short term, it means that the worsening financial situation. Reached the maximum size of the projection of the debt increases, the accumulation of four-year term of President Obama's total debt is about $ 6 trillion, is expected to reach record before the President of the United States.
Meanwhile, the financial crisis and recession, slow recovery in the current U.S. fiscal outlook is not optimistic you can. International Monetary Fund (IMF) until 2016, expected to be less than 3 percent of U.S. economic growth.
These will be the negative impact on the global economic recovery.
How to draw the lessons of the U.S. debt crisis? Fei Sun, to bring a greater risk of future investment in China, the U.S. debt to China, the U.S. dollar, euro, dollar to combat the formation of three circumstances, as soon as possible diversification, international, international currency yuan, we believe should be. Increased investment in new industrial investment and strategic resource-based industries, relies on the debt of the United States blindly anymore. China's economic development is seen as not only the dollar foreign exchange reserves, invested in U.S. bonds as soon as there is a need to shift funds to invest in domestic industry.
China, the white out the need to avoid the debt crisis. He is in debt as the debt crisis of the national drugs and that no agreement has not said a dependency on debt. Now, by borrowing the money only six of christian louboutin shoes price China's debt problem, such as the financing of SMEs, there is. As well as local government debt, private debt financing of loans and debt default, to avoid the debt crisis, several questions arise here. The government, in doing so, we need to see the transformation of economic development, but also, to some extent, to borrow a degree of control to avoid the above problems.