Chapter 1014 Benefit Animals

Emman Rolland clarified his thoughts and said: "In 1993, the severe cold weather in the United States caused food prices to rise. Under the economic recovery, the PMI (Purchasing Managers Index) rose from a low of 49.6% in June 1993 to 56% in January 1994.

From the low in September 1993 to the first rate hike, the agricultural product price index rose by 16.9%, industrial metal prices also rose by 19.1%, and crude oil basically stabilized. Although the CPI (Consumer Price Index) did not rise because of this, the Federal Reserve believes that economic growth and pressure on food raw materials prices may push up inflation.

In February 1994, after the interest rate hike started, agricultural product prices fell, and the industrial metals growth rate slowed down for a while, but energy prices began to rise at this time, rising 16.8% from the low point to the third interest rate hike of 25BP.

In May 1994, oil prices and industrial metals continued to rise, and the Federal Reserve accelerated a 50BP rate hike.

Although the CPI is still not high, the April CPI before the May meeting was 2.5% year-on-year, the same as in March, but the cumulative increase in oil prices has reached 26.6%, while Industrial Metals once again rose and hit a new high before the interest rate hike in May.

Federal Reserve members are concerned that monetary policy, which is still not tight enough, may still push up resource prices, leading to new inflation risks. Therefore, accelerating interest rate hikes is to eliminate the loose environment under the still low short-term real interest rates.

In August 1994, oil prices and industrial metals continued to rise, and the Federal Reserve raised interest rates again by 50BP.

Oil prices and industrial metals continued to rise before the FOMC (Federal Open Market Committee) in August, with PMI falling slightly to 58% but still at a high level. Fed officials believe the economy is still expanding rapidly, and although the economy may slow down in the near future, further measures are needed to ensure that inflationary pressure continues to be suppressed, otherwise the risk of inflationary pressure is high.

In November 1994, oil prices fell but industrial metal prices remained high, inflation rose, and the labor market was tight, and the Federal Reserve accelerated a hike of 75BP again.

Before the accelerated interest rate hikes in November, oil prices had already fallen, but industrial metal prices were still hitting new highs, and CPI rose to 3% year-on-year. According to this, the Federal Reserve believes that the economy is still strong beyond expectations, and many industries operate at an average capacity level. Under the influence of the tightening of monetary policy in the previous period, the economy did slow down, but there was no sign of a sustainable slowdown. In the rising CPI and the tight labor environment, inflation is still under pressure, and monetary policy is still not tight enough.

Bo Qiong sat down generously across from Nanyi, "Is it the first time on the boat last time?"

Ruan Mei took a resentful photo of Nan Yi and continued to brush her teeth.

"real?"

"Sorry, I shouldn't mention you. Let's talk about something else. Does the Top 100 Group have cruise and hotel businesses?"

After the Federal Reserve accelerated interest rate hikes in May, the 10-year U.S. Treasury bond interest rates stopped following the pace of rising benchmark interest rates, and the maturity spread began to narrow. After a sharp interest rate hike of 75BP in November, the 10-year U.S. Treasury bond interest rates even fell sharply, and the interest rate spread was close to inverted.

Nan Ruoyan smiled and said, "Why not do it? Eman, your Chinese has made rapid progress. I asked you to learn Chinese, not because my native language is Chinese. In fact, since I was a child, I grew up in an environment where Chinese, English and French coexist. Papa has always paid great attention to cultivating my language skills.

"It's a pity that this is the case. It's not convenient for me today, otherwise I can have a few drinks with you."

Although the real estate association has a very high reputation, it actually does not have much influence. Not to mention the top group companies, even Luo Zhaohui did not participate in this association.

"Pingping Zeze, Zezeping, Eman, some people learn it, learn it slowly. Let's go, let's go, let's go, let's make a plan." While walking with the information, Nan Ruoyan suddenly said: "Eman, do you think the boys in the backstreet will become famous?"

Holding a glass of champagne in his hand, Nan Yi stood in the corner, looking at the crowd gathering in groups of three or three, trying to tell which one was the creative property owner and which one was the Fang Real Estate or GA service. Nan Yi came to collect the situation in person, how could three companies related to real estate speculation not send people here?

After Nan Yi waved his hand to let the fairy leave, he glanced at Cai Kaibing again. He looked average, but at this age, he probably was unlikely to have a preference for this age. Perhaps Cai Kaibing had something Lin Hanlie needed.

"TONY is of course valuable to me, but under your control, the entire TONY was not as valuable as a restaurant, let alone a 40% stake. So, the responsibility lies with you, not with me. If you have not pursued the years you have wasted, you can just have fun."

"Shixian is an adult with a strong intelligence. She knows everything she should know. Some things, as an outsider, should not intervene too deeply, which is not suitable."

"Not interested, I like Gibert (played by Johnny Depp)."

"Okay, you can also call me Nan Yi directly." Nan Yi nodded and said.

A tender pill passed through Nan Yi's abdominal muscles, taking away youth, leaving behind a pile of toothpaste foam.

If you don’t guess like this, Nan Yi will not be able to connect Bo Qiong in front of you and Bo Qiong who is playing against Liu Jiajia on a cruise ship.

When they got off the car, Nan Yi asked the fairy who had not had dinner to sit at the small table at the door, ordered a casserole porridge, and ordered golden fried steamed buns and braised platters. As soon as the order was placed, a car stopped in Nan Yi's car. Scan the license plate and Nan Yi knew that Boqiong was coming.

"The location is good and the house has historical accumulation. I bought it and renovated it. It can be used to open a specialty restaurant."

Seeing Boqiong get out of the car, Nan Yi raised his hand and waved it to the other party.

"Um."

"After Volcker's period of inflation was being controlled in the 1980s, the Federal Reserve under Greenspan attached great importance to inflation, so it adopted a forward-looking interest rate hike framework. It was determined to raise interest rates when the output gap had not turned positive and inflation pressure showed signs. The advantage of this is that the economy has a good buffer in momentum and space.

"I am too soft-hearted. As long as I have to hold the house in my hands for seven or eight years, will it be great if I get through the low period? I will make a fortune. I will give you the opportunity to make a fortune. Whether you can catch it depends on yourself. When doing business, you must be down-to-earth and don't think about debt management. Seven or eight years are so fast, and it will pass in a blink of an eye."

4. The interest rate cut in the US dollar will affect the dollar exchange rate, making US goods relatively cheaper and increasing competitive pressure. In particular, competition for some low-end commodities, grain, raw materials, etc. may intensify.

"Nan Sheng, I have a good relationship with Shixian. You don't have to call me Miss Bo, you can call me Bo Qiong directly."

Nan Yi glared at the mirror, "Nothing is the case."

3. Promote further activity of the global economy, release liquidity, and make the capital more relaxed. It will cause funds to flow from the United States to other countries, which will be conducive to the stable development of industrial and commercial enterprises, real estate, and financial markets.

"Nansheng, what a coincidence."

OK, the historical analysis has come to this point, let’s analyze whether the interest rate cut will be executed in the future, when will it be executed, and what chain reaction will be caused once it is executed."

Nan Yi muttered and called the fairy beside him, "Inquiry about the names of the men and women beside Lin Hanlie."

In short, several rate hikes achieved a soft landing in the US economy, and Greenspan's forward-looking rate hikes were successful."

As long as Nan Yi goes abroad, he will inevitably be in Xiangkou. If Boqiong is determined to investigate, his general whereabouts cannot be hidden, so he did not deliberately conceal everything and tell the truth.

Boqiong savored Pin Nanyi's words, was stunned for a while before replying: "I often come here, and I have eaten every kind of porridge."

Nan Yi was stunned and said, "Where are you shattering?"

Ruan Mei glanced at it and said, "It's been almost a hundred years."

At the same time, the North American Free Trade Agreement officially came into effect in early 1994. In addition, the formal establishment of the World Trade Organization at the beginning of this year achieved a significant expansion of trade with accelerated globalization, which helped the United States achieve a soft landing to a certain extent."

Nanyi ordered a large pot of casserole porridge, which was served with porridge base, and other seafood were freely matched, which was enough for three people to eat during the midnight snack.

The U.S. economy slowed significantly this year, with the U.S. unemployment rate reversal in April and began to rise. PMI also fell continuously from January, falling into the contraction range for the first time in May (46.7%). Although the CPI is still rising, the Fed's concerns about industrial metal prices also fell since January.

Ruan Mei stared at Nan Yi suspiciously for a while, and said with a gloomy face: "Xianzi, are you making up for me? Are we unable to meet for a long time?"

"Your home is in the mainland?"

"Comeon, Rachel, we are young people."

5. It will prompt more people to travel, study, shop, and lower the exchange rate of the US dollar, which is equivalent to the appreciation of the currencies of some countries. The same money can be exchanged for more dollars, why not?"

"Okay." Ruan Mei looked at the ticket forward and reverse, "I haven't been to Europe for a long time. This time I went to Paris, I want to go to Vienna by the way."

Nan Yi frowned. He could hear that the "home" Boqiong asked about was not the meaning of his hometown, but "the home with a wife."

"It's not that I have ideas, it's that you have ideas. If you have any, you can do the things yourself, I will pay the money, and the property rights belong to you, so I will treat it as compensation for my deducting your TONY shares."

After a while, she sat back and said to Nan Yi: "That's good, do you have any ideas?"

During the day, Nan Yi spent his time handling work and accompanying Nan Ruoqi. In the evening, he ate some Nan Ruoqi's leftovers. Nan Yi went to the Ritz-Carlton Hotel to attend the cocktail party of the first summit forum of the Xianggang Real Estate Association.

Nan Yi waved behind him, took an envelope from the approaching fairy and placed it in front of Ruan Mei. "This year's VIP ticket for Paris Spring and Summer Fashion Week, I heard that Versace invited Leonardo for dinner. You can go and see the handsome guys."

When Boqiong saw Nan Yi, he nodded slightly and walked towards him.

"Yes." Boqiong raised his hand and tickled his earrings, and once again mocked himself, "I don't have the right to be a resentful woman, so I turned a blind eye to the things he did outside."

In addition, preventive rapid rate hikes also leave room for future policy adjustments. Shortly after the last rate hike in February this year, Greenspan hinted at a congressional hearing that it is possible to promote economic recovery by relaxing monetary policy.

It is easier to recognize people through a car in Xianggu. Almost all wealthy families have their own exclusive license plates, ranging from one digit to one digit or a long English language. You can remember them thoroughly without spending much brain cells.

"uh-huh."

Nan Yi stayed at the cocktail party for dozens of minutes. When someone focused on him, he left the Ritz-Carlton Hotel.

"Not count, the first time I was on the road, when Miss Bo was still Miss Bo, you drove a sports car through the traffic, afraid you would be hit by it, so my car deliberately stayed away from you. Clay pot porridge, pork porridge base, with seafood and frogs, are you used to eating it?"

In fact, in terms of husband and wife, Nan Yiting understood Xu Shiheng. His wife wore earrings given by her ex-boyfriend every day and engraved the four words of unforgettable love on her face. No one could stand it after changing it. After a long time, Xu Shiheng naturally stopped pretending, gave up, restored his nature, and continued to spend time outside.

"Nonsense, mine is going to use it to wipe the toilet."

There are rare titles such as president, chairman and executive director. You can tell that the company is not much larger at the moment you look at the company's name. Maybe only three or five people work in the factory building.

"It's interesting."

In Nan Yi's eyes, the woman invited Lin Hanlie to sit down, and then introduced Lin Hanlie to the strange man next to him. The strange man was a little bit charming, and Lin Hanlie showed a chore-breaking attitude. The two of them quickly started to talk. During this period, Lin Hanlie's eyes would occasionally stop on the woman.

2. The yield of US Treasury bonds has decreased, making it difficult for international funds to use US Treasury bonds to obtain the difference between Treasury bonds in different countries.

On the way back, halfway through the way, a feeling of hunger came from my stomach. Nan Yi asked Tianxian to find a place to have a midnight snack. Tianxian turned the front of the car and entered Hennessy Road and stopped in front of a porridge stall.

When the two came out of the bathroom, they began to discuss where to eat breakfast. Nan Yi wanted to drink porridge, Ruan Mei wanted to eat pineapple oil, and they argued for a while, but they couldn't decide the winner and lost. They were angry with each other. They might as well not think about it and go for a British breakfast.

Ruan Mei, who was standing behind Nan Yi brushing her teeth, laughed and said, "I can't find my razor the day before yesterday, I used yours."

"The shoulder pole is long, the bench is wide, the bench is not long, and the shoulder pole is not wide. The shoulder pole must be tied to the bench, and the bench is not tied to the bench, and the shoulder pole must be tied to the bench... Haha, my tongue is very uncomfortable." Eman Rolland stuck out his tongue and said.

"Maybe, I prefer old men like Simon and Garfinkel, and I can feel the sedimentation of time from them."

Hearing Nan Yi turned the topic to business, Bo Qiong's shrewdness instantly gathered from his limbs to his heart, and his face said with a righteous expression: "Yes."

"It seems to be a lover relationship, and I don't know much about the person I found."

4. The interest rate cut of the US dollar will naturally affect the exchange rate of the US dollar, thereby causing the depreciation of the US dollar, making American goods relatively cheaper and better sold to the world.

2. Reduce the pressure on interest rate hikes in other countries, and even provide space for interest rate cuts, reduce the financial burden of industrial and commercial enterprises through interest rate cuts and promote economic vitality.

"Yes, the child is still young, and I rarely stay in Xianggu. I must seize the time to fulfill my father's responsibilities."

At the same time, luck is also important. Stable external environment is an important guarantee for the Federal Reserve's precise regulation. In 1994, Germany and Japan emerged from recession and global resonance recovered; major countries reached multilateral trade agreements, and the WTO was about to be established; Russia is still under the rule of pro-British and American Boris; the maximum increase in oil prices was 47%, and the annual increase was 25%, which is still controllable.

Tianxian came back shortly after leaving, "Nan Sheng, the woman's name is Cai Kaibing, is a female director of ATV, and the man's name is Yang Jia'an. He used to be an actor and curry coffee at ATV. The most famous TV series he participated in is "Huo Yuanjia", who played Huo Yuanjia's eldest apprentice."

Minutes of the Fed's FOMC meeting in March this year showed that participants agreed that the economy has slowed down and is on a sustainable path. Although the CPI has not yet returned to 3%, committee members believe it is safer to suspend and evaluate the outlook before taking further action. Therefore, the Fed stopped hikes after February.

"Then it depends on the clothes. It's time to buy some clothes."

"Yeah?"

"Ha, you're so careful. I didn't say you'll be responsible for your installation fee." Nan Yi said guiltily.
To be continued...