It should be noted that the financial crisis can spread to other sectors. The Federal Reserve took urgent and remarkable measures, and lowered the interest rate by 1.25% within eight days. Interest rate cuts are almost unheard of in the history of central banks. The Fed has cut interest rates five times, totaling 2.25 percentage points-there is no indication that the Fed will not continue to cut interest rates. Thanks to Hank Paulson's measures, George Bush quickly signed a document to stimulate the American economy and promote consumption with $654.38+050 billion. Financial and monetary authorities have played an unprecedented role in promoting and encouraging.

Of course, Cassandra is testing the Fed's measures. Bernanke has been criticized for pandering to Wall Street traders and still not keeping up with the trend. But opinions and ideas are like noses, and everyone is different. At present, critics object that Bernanke is like a baseball fan, shouting to throw the tramp out during the game or venting their frustration when listening to post-game comments on the radio. But it's easier to criticize than to swing a stick at home. The reality is that few critics who hold a grudge against Bernanke are wise enough to listen to Bernanke talk about the basic economy at Princeton University and then put him in charge of the most influential central bank in the world. The Fed's policy is basically based on responding to those absurd criticisms (and assuming that the Fed's policy ... is absent because of ... and takes his place at home plate. This sentence is too cumbersome, I gave the basic meaning) Thankfully, the pilot flew the plane through the strong airflow and avoided the noisy crowd.

That is the reality. Bonanco's interest rate cut and the Federal Reserve's stimulus bill are unlikely to shake this policy. But at present, no decision is perfect. Just like John Maynard Keynes himself, a university lecturer with rich experience in the real world, he observed that it is better to be partially correct than completely wrong. The Fed can't stop the decline, but it can help narrow and mitigate the decline. This is a complicated and unpredictable situation. Let's give the Federal Reserve and the US government some confidence and let them respond quickly and decisively.

Supplementary question:

Is it really that bad? What is missing from the chaos is that the loan market has returned to normal. Foreclosures are at a normal level, but not as much as previously expected. Even if the Federal Reserve will slow down the decline in interest rates, house prices will have a significant impact on the growth of the US economy. Once there is a significant economic downturn, the Fed expressed its willingness to respond quickly, such as raising interest rates.

Uncertainty means that some vigilance is necessary-selling bonds when necessary, with the focus on relaxing the links between various consortia and the bond market. Before the crisis ended, all the top managers I knew were more cautious. The most obvious signal that the bull market is coming is that investors are almost unanimous in falling. When a lot of wealth appears, it should be a period of great panic.

I translated it word for word, hoping to help you. In addition, some people don't know much about it, and they don't translate well and don't work hard. After all, it is a paper, which is very important. Have a nice trip.