20110516 Follow Me 6

6,6
According to the theory of microeconomics,we know that a loose policy of finance may help a lot  when a country is in a recession.So when there comes a debit  limit of American goverment , Geithner worried much about this situation.He warns that the defaut of bond caused by a high rate of it will inflict catastrophic damage on our nation's economy.

it is the first time.
Hope it go on.

6,6
The U.S. national debt is growing much faster than the GDP of U.S. Increasing the borrowing cap is the temporary measure, which will defer the debt crisis and aggravate the impact of the crisis on global economics.
It is very diffcult for Obama administration to solve this problem. The Federal Reserve may want to print money to devalue the dollar, but the inflation brought by devaluation could be a more serious problem. In my opinion, the crisis of debt is a global problem and to seek a solution for it would call for concerted effort by U.S. and its big creditors, especially China.

6,6

Interesting. Seems such kind of things would never happen in old days when countries were governed by emperors. Although now England also needs to sell great brand wine to get more money. I wonder how  economics play in autocratic emperor regime.

First blood.

Geithner is afraid of the next recession caused by the debt which didn't rise in the past several months. But it seems that Obama administration doesn't pay enough attention on it~ And Geithner will insist on this~
It's really a pity that I know little about finance... I should learn something about that to get to know the world~

5,3

I think it is caused by the conflictions of the two parties. Some Republicans always made troubles to Obama's decisions, but some of them could be solved in the end, especially those affecting much on the whole nation's operation. It is the process of balancing powers, and the problem of high debt rate is to be solved only with a matter of time. QE2 will be over next month, and I hope tight policies will be practiced.

1.1
It's really a nice idea.
Today's passage is about the debt cap. Treasury Secretary seems worried about the recession caused by the insufficient debt.

4.4
坚持下去。
米国还要借钱
谁借给米国呢？

made it !5,5
Nevertheless,considering  there is an enormous demand for the simultaneous intepreters nowadays,from my point of view,why not take the listening (auditon)  along with the excellent texts into account ?I think it will benefits a multitude of individuals who have a strong desire for oral English .