US Federal Reserve Chairman Ben Bernanke will deliver a speech at the annual meeting of the global central bank on the 26th. The expectation of the third round of quantitative easing monetary policy (QE3) will be ignited again because it was at the annual meeting last year. On the other hand, Bernanke released a signal and will launch a second round of quantitative easing. Despite the market's expectations, most analysts expect that it is unlikely that a new round of quantitative easing will be introduced in the near future. The successive quantitative easing will not only help the US economic recovery, but will also aggravate the global liquidity and trigger a new wave of inflation. Market noise and political slogans Due to the continuous suppression of the US and European debt problems and the growing concern about the US and the world economic outlook, the global stock market has recently experienced ups and downs as a roller coaster ride. However, just before Bernanke’s speech, the US stock market had a rare three-day continuation as of the 24th. The reason behind this is that investors generally expect Bernanke to once again offer a quantitative easing trick to hit the depressed market. Needle "stimulant". When the US government was tied up with high debts and was unable to expand fiscal stimulus, investors naturally pinned their hopes of bailouts on the Fed, which controls monetary policy. The British "Guardian" recently published a paper that Bernanke sent a clear signal last year, the United States is preparing for a second quantitative easing monetary policy, stimulated by this, in the next three months, the Wall Street stock index rose 8% . The market inertia of the City of England and Wall Street in New York believes that since Bernanke did it in 2010, it may do it again this year. Ruben Dominguez, an economic analyst at a financial advisory group in Mexico, also speculated that Bernanke will eventually choose to launch a third round of quantitative easing. The global stock market, which has been declining for four consecutive weeks, will be boosted by this. Natalya Lecinna, an analyst at Russia's Alor Investment Company, believes that if the third round of quantitative easing is introduced, the financial market reaction will be very positive, and the stock market's upward trend will at least last until the end of this year. In addition to the market's noise, the expected rise in the third round of quantitative easing is also based on political speculation. In an exclusive interview published by the French newspaper Le Monde on the 18th, the famous American investor George Saurosh pointed out that the economic decision of the United States was first considered on a political level. From the current situation, the United States needs to adopt stimulus policies to increase output and boost economic growth. However, the political pressure to increase public expenditure has made it impossible for the US government to take such measures. Therefore, the Fed is expected to take a third round of quantitative easing. Policies to reduce borrowing costs and encourage investment and consumption. The possibility of the recent introduction is not big. After one year, whether the Fed will really start printing the printing machine again, and the third round of quantitative easing policy is in sharp contrast with the market enthusiasm. Most analysts believe that quantitative easing is not a wise move. It is unlikely that the recent introduction will be made. Federal Reserve Bank of Dallas Federal Reserve Bank President Robert McTee said on the 23rd that he does not expect to hear heavy news about the third round of quantitative easing at the annual meeting of the global central bank, given the Fed’s previous quantitative easing policy. Without a positive bank credit, Bernanke may continue to express his position on the current weak recovery of the US economy and said that the Fed will continue its current monetary policy. Hong Pingfan, director of the United Nations Global Economic Monitoring Center, said in an exclusive interview with Xinhua News Agency that the Fed’s recent launch of a new round of quantitative easing is unlikely because it will not solve the problems facing the US economy. Hong Pingfan said that when the second round of quantitative easing was introduced last year, the US inflation rate was only 1%, lower than the 2% target set by the Fed, and the 10-year government bond yield was 3.5%. Therefore, the Fed hopes to achieve two goals through quantitative easing: one is to prevent deflation; the other is to promote investment and employment by reducing long-term interest rates. However, at present, the inflation rate in the United States is about 3% according to the Fed's indicators. There is no deflation risk, and the 10-year government bond yield has dropped to a historical low of 2.1%. Therefore, it is difficult for the Fed to use quantitative easing again. The policy achieves the purpose of stimulating the economy. Russian investment analyst Sergey Glushkov also believes that Bernanke may make investors' expectations fall through, because from the implementation effect of the second round of quantitative easing policy, its contribution to the US economy is extremely limited. Glushkov pointed out that the second round of quantitative easing policy only pushed up raw material prices and intensified inflation. For example, the introduction of a new round of quantitative easing policy will only worsen the US inflation situation and may completely defeat the already fragile economy. recovery. The US "Wall Street Journal" wrote on the 22nd that market investors expect the Fed to announce new stimulus measures, but the problem is that the Fed’s injection of new liquidity into the economy can only help boost asset prices such as stocks and create new jobs in the United States. And economic growth does not make much difference. Global defense against inflation The actual effect of the previous two rounds of quantitative easing policy, if the Fed insists on implementing the third round of quantitative easing policy, it will not only save the US economy, but also bring serious speculation and inflation to the global economy, especially emerging markets. Problems and ultimately damage the global economic recovery. Alan Meltzer, a visiting scholar at the American Enterprise Institute and a former senior adviser to the Federal Reserve, believes that the Fed’s current ultra-loose monetary policy will leave hidden dangers in the future and will also have a negative spillover effect. Analysts pointed out that once the Fed launches the third round of quantitative easing policy, it will once again open the floodgates, which will aggravate the global liquidity of the US dollar and further push up commodity prices, thereby increasing the import inflationary pressures in emerging markets such as China. Monetary policy has led to a large amount of hot money flocking to emerging markets, fueling asset bubbles. In November last year, the Federal Reserve launched a second round of quantitative easing policy totaling 600 billion US dollars. This policy, which expired at the end of June this year, has not only had a positive impact on the US economy, but has also pushed up international commodity prices such as crude oil, and emerging markets have suffered from high inflation. In the first half of this year, India’s inflation rate has been hovering at a high of 9%. In response to the severe inflation situation, the Central Bank of India has raised interest rates 11 times since March 2010, but the inflation situation has not substantially improved. Partly affected by the rise in international commodity prices, China’s inflation rate has remained high for more than half a year. According to data released by the National Bureau of Statistics on the 9th, the consumer price index rose by 6.5% year-on-year in July, hitting a new high in 37 months. Argentine President Cristina recently called on Latin American countries to be fully prepared to prevent developed countries from passing the serious consequences of the financial crisis on emerging market countries including Latin America. Maxim Zaitsev, chief analyst of the Russian Northern Capital Investment Corporation, pointed out that to effectively promote the development of the US and the global economy, it is necessary to adopt measures that are different in principle from quantitative easing, such as infrastructure construction and national procurement. And other measures that can guarantee the flow of funds to the real economy, rather than blindly investing funds in the financial sector.
Sub-controller of LED applying system. The DMX-S8 receives the pixel data frame sent by the RTP-S1500 Main Controller. According to the address set by itself, the corresponding data in the pixel frame is taken out. After the format is adjusted, the data is sent out from the controlling port at a specific timing sequence to control the LED light to change color. Set up 2 RJ45 network interfaces; When using unshielded Twisted Pair, the distance of transmission from the main controller to the sub-controller and sub-controller to sub-controller is more than 100 meters; Connect to the switch for network to extend the distance of transmission; Single controller can connect up to 16 computer; Automatically identify its position in the system; Set up 8 DMX512 controlling ports with auto-addressing function. The number of single-port controlling pixels is 170 full-color pixels, 512 monochrome pixels, and the type of connector is the pluggable terminal; Each port conduct optical isolation protecting to ensure the stability of the entire controlling system;
Sub-controller,Sub Controller,DMX 512 Sub Controller,Auto-addressing Sub Controller,LED Lighting System Sub Controller
StrongLED Lighting Systems (Suzhou) Co., Ltd. , https://www.strongledcn.com