{"id":50165,"date":"2011-08-26T22:24:58","date_gmt":"2011-08-26T22:24:58","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=50165"},"modified":"2026-04-03T05:29:15","modified_gmt":"2026-04-03T05:29:15","slug":"discursul-lui-ben-bernanke-invioreaza-pietele-financiare","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=50165","title":{"rendered":"Discursul lui Ben Bernanke \u00eenvioreaz\u0103 pie\u0163ele financiare"},"content":{"rendered":"<p>Dup\u0103 o sc\u0103dere ini\u0163ial\u0103, indicii bursieri au crescut &#8211; DJIA cu 1,27%, S&#038;P 500 cu 1,44, Nasdaq Composite cu 2,19%, a transmis Reuters.<\/p>\n<p><!--[if gte mso 9]><xml>\n<o:DocumentProperties>\n<o:Version>12.00<\/o:Version>\n<\/o:DocumentProperties>\n<\/xml><![endif]--><!--[if gte mso 9]><xml>\n<w:WordDocument>\n<w:View>Normal<\/w:View>\n<w:Zoom>0<\/w:Zoom>\n<w:TrackMoves \/>\n<w:TrackFormatting \/>\n<w:DoNotShowPropertyChanges 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5.4pt;\nmso-para-margin:0cm;\nmso-para-margin-bottom:.0001pt;\nmso-pagination:widow-orphan;\nfont-size:11.0pt;\nfont-family:\"Calibri\",\"sans-serif\";\nmso-ascii-font-family:Calibri;\nmso-ascii-theme-font:minor-latin;\nmso-fareast-font-family:\"Times New Roman\";\nmso-fareast-theme-font:minor-fareast;\nmso-hansi-font-family:Calibri;\nmso-hansi-theme-font:minor-latin;\nmso-bidi-font-family:\"Times New Roman\";\nmso-bidi-theme-font:minor-bidi;}\n<\/style>\n\n\n<![endif]--><\/p>\n<p>Admi\u0163\u00e2nd c\u0103 perspectiva economiei pe termen scurt a devenit mai pu\u0163in favorabil\u0103, Bernanke s-a declarat optimist pe termen lung \u00een privin\u0163a redres\u0103rii economiei \u015fi a evit\u0103rii unei noi recesiuni, a apreciat c\u0103 evolu\u0163ia infla\u0163iei nu este \u00eengrijor\u0103toare \u015fi a anun\u0163at c\u0103 \u00een septembrie, Comitetul de Politic\u0103 Monetar\u0103 al Rezervei Federale se va reuni pentru dou\u0103 zile (\u00een loc de o zi, cum se \u015ftia ini\u0163ial) spre a discuta dac\u0103 este nevoie de m\u0103suri suplimentare pentru stimularea economiei.<\/p>\n<p>\u00cen traducere, aceasta \u00eenseamn\u0103 c\u0103, a\u015fa cum sperau pie\u0163ele, Fed ar putea recurge la un nou program de relaxare cantitativ\u0103 (cantitative easing &#8211; QE), respectiv de cump\u0103rare de obliga\u0163iuni americane, dup\u0103 ce programul precedent, al doilea de la declan\u015farea crizei financiare din 2008 (QE2), \u00een valoare de 600 de miliarde de dolari, s-a \u00eencheiat \u00een luna iunie.<\/p>\n<p><a href=\"http:\/\/www.federalreserve.gov\/newsevents\/speech\/bernanke20110826a.pdf\" target=\"_blank\">Vezi aici discursul integral al pre\u015fedintelui Rezervei Federale<\/a>.<\/p>\n<p>&#8220;N-a dat und\u0103 verde pie\u0163elor pentru QE3, dar n-a indicat nici opozi\u0163ia fa\u0163\u0103 de aceasta. Suger\u00e2nd c\u0103 infla\u0163ia nu e de natur\u0103 s\u0103 \u00eengrijoreze, a l\u0103sat deschis\u0103 posibilitatea pentru QE3&#8221;, a comentat Kevin Caron, analist de strategie la Stifel, Nicolaus &#038; Co. din New Jersey.<\/p>\n<p>Aurul a crescut, de asemenea, cu 2%, dep\u0103\u015find 1.800 de dolari pe uncie \u00een cursul tranzac\u0163iilor de vineri, iar cuprul a atind maximul ultimelor trei s\u0103pt\u0103m\u00e2ni, reflect\u00e2nd incertitudinea ulterioar\u0103 discursului lui Bernanke. 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treilea program de cump\u0103rare de obliga\u0163iuni din iulie \u00eencolo, \u00eentruc\u00e2t economia american\u0103 s-a redresat suficient, \u00eens\u0103 a ad\u0103ugat c\u0103 ar putea fi ini\u0163iat un program QE3 &#8220;dac\u0103 se deterioreaz\u0103 condi\u0163iile economice&#8221;.<\/p>\n<p>\u00centre timp, certurile din Congres pe marginea viitoarelor reduceri de cheltuieli de la buget au determinat Standard &#038; Poor&#8217;s s\u0103 reduc\u0103 ratingul SUA, iar perspectivele economiei s-au \u00eenr\u0103ut\u0103\u0163it. \u00cen trimestrul al doilea, economia a crescut sub estim\u0103ri, cu numai 1% fa\u0163\u0103 de aceea\u015fi perioad\u0103 a anului trecut, conform datelor transmise vineri de Departamentul Comer\u0163ului, iar estim\u0103rile de cre\u015ftere a PIB au fost reduse de c\u0103tre institu\u0163ii ca Goldman Sachs (de la 1,7% la 1,5% pentru tot anul) \u015fi de JP Morgan (de la 2,5% la 1% pentru trimestrul al patrulea).<\/p>\n<p>La \u00eenceputul lui august, Congresul a aprobat cre\u015fterea plafonului de \u00eendatorare pentru SUA, \u00een schimbul unor reduceri de cheltuieli cu cel pu\u0163in 2.100 de miliarde de dolari, care urmeaz\u0103 s\u0103 fie decise \u00een detaliu p\u00e2n\u0103 \u00een luna noiembrie de un comitet legislativ format din 12 membri ai Congresului, democra\u0163i \u015fi republicani.<\/p>\n<p>Ben Bernanke i-a criticat pe politicieni \u00een discursul s\u0103u sus\u0163inut la Jackson Hole, Wyoming, afirm\u00e2nd c\u0103 b\u0103t\u0103lia politic\u0103 din var\u0103 \u00een jurul plafonului de \u00eendatorare \u015fi al bugetului federal a perturbat pie\u0163ele financiare &#8220;\u015fi probabil \u015fi economia&#8221;. &#8220;Acestei \u0163\u0103ri i-ar trebui un proces mai bun de luare a deciziilor fiscale&#8221;, a spus el. Cu o asprime f\u0103r\u0103 precedent \u00een discursurile de p\u00e2n\u0103 acum, noteaz\u0103 The New York Times, pre\u015fedintele Rezervei Federale a apreciat c\u0103 guvernul a devenit poate cea mai mare amenin\u0163are a redres\u0103rii economice.<\/p>\n<p>&#8220;Calitatea politicilor economice din SUA va influen\u0163a puternic perspectivele na\u0163iunii pe termen lung&#8221;, a afirmat Bernanke. El a apreciat nivelul actual al \u015fomajului pe termen lung drept &#8220;extraordinar de mare&#8221;, not\u00e2nd c\u0103 aproape jum\u0103tate dintre \u015fomeri au r\u0103mas f\u0103r\u0103 slujb\u0103 timp de mai bine de \u015fase luni, ceea ce erodeaz\u0103 poten\u0163ialul \u015fi capacit\u0103\u0163ile oamenilor \u015fi \u00eengreuneaz\u0103 relansarea economiei. Rata \u015fomajului a fost de 9,1% \u00een iulie, aproape jum\u0103tate dintre \u015fomeri nereu\u015find s\u0103-\u015fi g\u0103seasc\u0103 de lucru de mai bine de 27 de s\u0103pt\u0103m\u00e2ni.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bursele americane au crescut, vineri, dup\u0103 mult-a\u015fteptatul discurs al \u015fefului Rezervei Federale, Ben Bernanke, care de\u015fi nu a propus nicio m\u0103sur\u0103 imediat\u0103 de stimulare a economiei, a l\u0103sat deschis\u0103 posibilitatea ca institu\u0163ia s\u0103 ini\u0163ieze \u00een septembrie un nou program de stimulente monetare.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9118,7248,356,7873,188,24100,24060,8884,18602,106],"class_list":["post-50165","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bernanke","tag-congres","tag-discurs","tag-dolar","tag-economie","tag-jackson-hole","tag-qe3","tag-rezerva-federala","tag-stimulent","tag-sua"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50165"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50165\/revisions"}],"predecessor-version":[{"id":67206,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50165\/revisions\/67206"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}