英语文摘：Fed's QE2, a dangerous and unnecessary step: futures pioneer

As for the rest of the world, Melamed indicated it would create a dynamic where every nation tried to lower the value of its currency so it could compete with the U.S. dollar. "If every nation competes to depreciate their currency, it's not a good thing," Melamed said.

"A currency war is not the right word to describe the current situation. War is an intentional act, I don't think the U.S. is intending to create a war climate, I think it's just a logical result, not an intentional war," he said.

Melamed admitted that the QE2 was very bullish on commodities, creating a surge in the price of commodities due to the influx of money. "But the danger is that there are no underlying reasons for the rise of the prices, it doesn't really change the supply and demand equations, the prices could suddenly break, and it will create a very dangerous climate," Melamed said.

As an independent voter, Melamed was generally very pleased with the mid-term election results and has confidence that newly elected officials will change the direction of the economy and solve the high-unemployment through tax and spending cuts.

"If we reduce spending and taxation, that will encourage the business community to invest more and create more jobs, and that's the best way to reduce the unemployment rate," said Melamed, "I don't believe the Federal government should be printing money, they should be creating an environment for jobs by inviting investment and cutting taxes."

将本页收藏到：
上一篇：英语文摘：Al-Qaeda affiliate claims responsibility for cargo bomb plot
下一篇：英语文摘：French movement against pension reform loses steam

※相关链接※

• ·哪种语言最难学？外媒做了个排名，
• ·夏日炎炎吃西瓜：西瓜对健康居然有
• ·英语文摘:Xi, Putin to witness op
• ·英语文摘:China hits 400 mln vacc
• ·欧美文化:Feature: UK takes big s