Rezerva Federal\u0103 va cump\u0103ra \u00een fiecare lun\u0103, p\u00e2n\u0103 \u00een decembrie, titluri de valoare care au la baz\u0103 credite ipotecare, \u00een limita unei sume de 40 mld. dolari, la care se adaug\u0103 titluri de stat de 45 mld. dolari \u00een continuarea programului Operation Twist, prin care Fed a alocat \u00eencep\u00e2nd din septembrie 2011 aproape 700 mld. dolari pentru cump\u0103rarea de titluri cu scaden\u0163e \u00eentre 6 \u015fi 30 de ani \u015fi a v\u00e2ndut titluri \u00een valoare echivalent\u0103 cu scaden\u0163e de 3 ani sau mai pu\u0163in. Opera\u0163iunea va putea fi prelungit\u0103 \u015fi dup\u0103 luna decembrie, f\u0103r\u0103 vreo restric\u0163ie de timp, doar \u00een func\u0163ie de starea economiei SUA, m\u0103surat\u0103 prin sc\u0103derea \u015fomajului, care se \u00eenc\u0103p\u0103\u0163\u00e2neaz\u0103 s\u0103 r\u0103m\u00e2n\u0103 de 42 de luni \u00eencoace peste 8%.<\/p>\n
Spre deosebire de BCE, care a anun\u0163at \u015fi ea \u00een s\u0103pt\u0103m\u00e2na precedent\u0103 un program “nelimitat” de cump\u0103rare de obliga\u0163iuni ale \u0163\u0103rilor cu probleme din zona euro, Fed nu va steriliza \u00eens\u0103 masa monetar\u0103 nou-creat\u0103, pentru c\u0103 infla\u0163ia rezultat\u0103 va putea fi exportat\u0103 gra\u0163ie for\u0163ei comerciale interna\u0163ionale a dolarului, a\u015fa cum s-a \u00eent\u00e2mplat \u015fi cu ocazia QE1 (1.700 mld. dolari, 2008-2010) \u015fi a QE2 (600 mld. dolari, 2010-2011).<\/p>\n
Unii comentatori s-au gr\u0103bit deja s\u0103 conchid\u0103 c\u0103, \u00een aceste condi\u0163ii, alegerile preziden\u0163iale din noiembrie sunt de pe acum c\u00e2\u015ftigate de Barack Obama, fiindc\u0103 ac\u0163iunea decisiv\u0103 a Fed ar putea s\u0103 dea un impuls real economiei, numai c\u0103 experien\u0163a precedentelor QE1 \u015fi QE2 a dovedit c\u0103 eliberarea de bani \u00een sistemul financiar satisface mai degrab\u0103 apetitul speculativ al b\u0103ncilor \u015fi al fondurilor de investi\u0163ii, care r\u0103m\u00e2n dependente, \u00eempreun\u0103 cu economia, de noi \u015fi noi injec\u0163ii de bani de la Rezerva Federal\u0103, \u00een lipsa c\u0103rora reapar tensiunile, bursele scad \u015fi apar iar\u0103\u015fi “\u00eengrijor\u0103rile” pie\u0163elor c\u0103 statul nu face destul pentru a stimula redresarea economic\u0103.<\/p>\n","protected":false},"excerpt":{"rendered":"
Vestea anului pentru economia mondial\u0103 a venit de la Ben Bernanke, \u015feful Rezervei Federale a SUA: nu doar c\u0103 va urma o a treia rund\u0103 de relaxare cantitativ\u0103 monetar\u0103 (quantitative easing – QE3), cerut\u0103 de luni \u00eentregi de pie\u0163ele financiare dornice de noi bani pentru specula\u0163ii, dar ea \u00eentrece toate a\u015ftept\u0103rile.<\/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":[188,184,8193,24060,8884,11256,106],"class_list":["post-57631","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-economie","tag-inflatie","tag-piete-financiare","tag-qe3","tag-rezerva-federala","tag-somaj","tag-sua"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/57631","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=57631"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/57631\/revisions"}],"predecessor-version":[{"id":73827,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/57631\/revisions\/73827"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}