焦点调动市场 政策迂回经济——2012年第三季度国际金融市场分析与展望

Markets Orientated to Focuses,Economy Outflanked by Policies——Analysis and Prospect on the International Financial Markets in the 3rd Quarter of 2012

2012年第三季度国际金融市场在较大变动和较快调整中完结,所有价格的走势反转以及加快节奏的特色突出,其中美联储货币政策引起的巨大震动和猜测尤为显著,这不仅直接牵动所有价格呈现巨大的变数,并且带来宏观经济调节的更大难度,政策与经济的差异进一步扩大,不确定进一步扩大。2012年第三季度国际金融市场流动性速度加快、流动性调节加速、流动性投机加紧,从而使得各国经济对策与货币政策措施的跟进十分艰难,调整现状与前景很无奈。

The international financial markets in the third quarter of 2012 are ended with greater changes adjustments, during which the prominent features are all prices trend reversal and speeding up changes, and faster particularly, great shock and guess resulted from the Federal Reserve＇s monetary policy are significant. This not only directly affects all prices in a great uncertainty, but also makes macroeconomic regulation even more difficult, hence differ- ences between policy and economy further expand and uncertainty even worsens. The international financial market in the third quarter of 2012 has seen the liquidity accelerated, liquidity adjustment quickened, and liquidity speculation stepped up, which makes the follow - up of national economic countermeasures and monetary policy measures very difficult, and makes the status quo and prospects of adjustment in the future helpless.