The Global Stock Market Plunged &Nbsp; The Fed Pessimistic Economy 400 Billion Failed To Rescue The Market.

　　 Federal Reserve The 21 day interest conference did not implement the third round of quantitative easing policy (Q E 3) widely expected in the US financial market. Instead, it adopted a twist operation to extend the duration of its $400 billion treasury bonds to stimulate economic recovery.

Wall Street did not buy it, and US stocks plummeted on that day. Affected by this, the Asia Pacific stock market fell yesterday, and the Hang Seng Index dropped more than 900 points, breaking the two-year low. A shares closed down nearly 70 points, swallowed up the Wednesday inflation index.

No pushing Q E3

The Federal Reserve announced 21 days to extend its holdings of US $400 billion treasury bonds and other measures to deal with serious economic risks. The conference decided to implement the distortion operation and replace the 400 billion year 6-30 year long and medium term treasury bonds by June 2012, reducing the same amount of treasury bonds under 3 years. The Fed did not implement the US. Finance The third round of quantitative easing (Q E3) is widely expected.

According to Bernanke's point of view, non-traditional monetary policy includes three categories: low interest rate commitment, Q E and distortion operation. At present, it has been launched separately. There are not many operational tools in the future, and there is also the need to reduce the deposit reserve ratio. Whether to push Q E3 further remains to be dissipated by the pressure of inflation and debt crisis.

The possibility of a global recession is increasing.

The market is somewhat disappointed that the Q E3 has not been launched. Xu Haiying, general manager of Shenzhen Zhong Ju Asset Management Co., Ltd. analyzed that the Fed's distorting operation is equivalent to maintaining the balance sheet condition, lowering the yield of long-term treasury bonds and reducing the financing cost of banks. As a matter of fact, the pace of fiscal policy move in the US and the world is very small. Once Q E 3 is launched, asset prices will be pushed up again, and the negative effects will be greater. "This shows that the Fed's policy has entered a period of equilibrium, and has not relaxed nor tightened." On the same day, Moodie announced that it would lower the bond rating of Bank of America, Citibank and Wells Fargo, and set a negative outlook on the bond rating of the three major US banks.

And Moodie Lowers The US bank rating is also due to the fact that the Fed is no longer trying to stimulate the economy, and the US economy will be in a doldrums for a long time to come. Xu Haiying analysis shows that the possibility of global economic recession is already very large, and the economic downturn will become a phased theme.

The liquidity injection of Q E 3 is expected to fail, the US dollar will rise and the demand for entities will fall, and the three factors will jointly curb commodity prices. Wang Guobing, a macroeconomic analyst at Northeast Securities (17.80, -0.26, -1.44%), believes that it will be conducive to China's economic operation and macro regulation. One is that the reduction of commodity prices will help to ease domestic import inflation. In addition, a stronger US dollar will also curb the speed of RMB appreciation and help exports.

Global stock market crash (Southern Metropolis Daily www.nddaily.com SouthernMetropolisDailyMark Nandu net)

When the Fed's announcement came, US stocks began to dive. By the end of the New York stock market, the three major indexes fell sharply across the board. The Dow Jones index fell 2.49%, the Nasdaq composite index fell 2.01%, and the standard & Poor's 500 stock index fell 2.94%.

Shares of three banks that had been downgraded by Moodie also plummeted sharply. Bank of America plunged 7.54%, Citibank fell 5.24%, and Wells Fargo fell 3.89%.

Affected by overnight stock market, Asia Pacific stock market failed to continue Wednesday's rise, and A shares closed down 2.78%. On Wednesday, Hong Kong stocks fell more than 900 points to a low level in two years. Tokyo's Nikkei 225 index closed down 2.07%, the South Korean composite index fell 2.9%.

European stock markets slumped on Thursday, and the major stock indexes fell by 3%, due to doubts about the role of the "distorting operation" announced by the Fed on Wednesday.

The US stock market will also fall. Xu Haiying judged that the Federal Reserve's balanced policy was an inducement, and the real reason was the market's anticipation of the US economic downturn.

In addition to "foreign aggression", A shares' internal worries are also many. Wednesday's performance is obviously a pulse of emotional rebound, not a systematic rise. Xu Haiying believes that compared to the United States, the domestic economic situation is more complex. From the current situation of high inflation and real estate regulation, the possibility of economic policy easing is very small. The performance of Listed Companies in the four quarter may exceed the expected decline, even if the bottom is only a short-term bottom. Next year, the domestic economic growth will slow down, reflecting that the stock market is prudent and pessimistic.