自学园地,UCP600,英文阅读

starkyo

日本总是跟屁虫

starkyo

In a statement that could further fuel the selloff, Countrywide Financial, the nation’s largest mortgage lender, said after the United States market closed that the debt markets were “experiencing unprecedented disruptions” that could hurt its profits and financial health. The company said it planned to hold more loans on its own books because investors were not willing to buy them. But it noted that its capacity to do so was “not unlimited.”

秋水

来我这儿实习吧，帮我做单证，不收你实习费，哈哈 [M01]

starkyo

引用作者 秋水 于 2007-8-13发表的原文
来我这儿实习吧，帮我做单证，不收你实习费，哈哈 [M01]

这个建议到是相当不错.

starkyo

Yesterday’s sell-off started in France, after BNP Paribas, the largest publicly traded bank there, suspended investors’ ability to remove money from three funds that had invested in American mortgage securities. The bank said it had become temporarily unable to place a value on the funds, which have turned sour as increasing numbers of homeowners have defaulted on their loans.

可可

引用作者 shining 于 2007-8-2发表的原文
[M13] 为什么要背英文的？我们有中英对照版哈哈。最难懂的我觉得是那些提单的描述。。。。。。

shining MM, 中英文对照版的附近哪里有得买? [M05]

大伙儿都这么努力及时学习, 偶不能再偷懒拖拉了 [M24]

starkyo

“Trust was shaken today,” said Thomas Mayer, the chief European economist at Deutsche Bank in Frankfurt. “Credit depends on trust. If trust disappears, then credit disappears, and you have a systemic issue.”

On Wall Street, where shares have been fluctuating wildly in recent weeks, the Standard & Poor’s 500-stock index fell nearly 3 percent, and the Dow Jones industrial average fell 387.18 points, or 2.8 percent. European markets were down somewhat less, but stocks in Latin America fell as much or more than they did in New York. Treasury prices edged up as investors sought the safety of holding government debt.

starkyo

For the second consecutive day, President Bush sought to soothe investors by pointing out that the American job market and the global economy were healthy. He added that deep pools of capital were available.

“The fundamentals of our economy are strong,” he said at a news conference. “Another factor one has got to look at is the amount of liquidity in the system. And I am told there is enough liquidity in the system to enable markets to correct.”

starkyo

引用作者 可可 于 2007-8-13发表的原文
[quote]引用作者 shining 于 2007-8-2发表的原文
[M13] 为什么要背英文的？我们有中英对照版哈哈。最难懂的我觉得是那些提单的描述。。。。。。

shining MM, 中英文对照版的附近哪里有得买? [M05]

大伙儿都这么努力及时学习, 偶不能再偷懒拖拉了 [M24][/quote]

单位都会集体买的吧
俺从原同事那搞来一本 [M04]

starkyo

But his remarks appeared to have only a brief and limited impact on the stock market. Later in the day, several Democrats criticized the administration’s response to the mortgage problems as weak and shortsighted.

starkyo

BNP became the latest European lender to announce problems linked to American home loans. Late last month, a group of German government-backed banks agreed to bail out a bank based in Düsseldorf, IKB Deutsche Industriebank, that invested in riskier American mortgage securities. And yesterday, in the Netherlands, NIBC Holdings reported that it lost at least $188 million on investments in the American mortgage market for subprime loans. Problems have also cropped up at hedge funds and banks in Australia.

starkyo

The spreading fallout and the difficulty of evaluating the value of mortgage securities has made banks and brokerage firms much more wary of lending to clients like hedge funds — and yesterday even to each other.

Citing “tensions in the euro money market,” the European Central Bank in Frankfurt lent more than $130 billion overnight at a rate of 4 percent to tamp down a surge in the rates banks charge each other for very short-term loans. The Federal Reserve injected $24 billion into the United States banking system to keep its benchmark overnight lending rate at 5.25 percent, after it opened this morning at 5.5 percent.

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今天继续

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While officials at the Fed have made it clear that they do not want to simply bail out investors who made unwise investments by quickly cutting interest rates, they are under growing pressure to act. In the futures market, traders went from predicting that an interest rate cut was unlikely next month to forecasting that it was all but certain by September.

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It is common for central banks to step in to stabilize rates when banks are either pumping too much or too little money into the markets. What was unusual about yesterday’s action was the size of the move in overnight lending rates and the speed with which the central banks acted to bring them under control.