{"id":1683,"date":"2013-08-22T00:00:00","date_gmt":"2013-08-21T16:00:00","guid":{"rendered":"http:\/\/192.168.1.210\/2013\/08\/22\/%e4%bc%af%e5%8d%97%e5%85%8b%e7%bc%a9%e5%87%8fqe%e8%8e%b7%e6%94%af%e6%8c%81-%e9%81%93%e6%8c%87%e8%b7%8c%e7%a0%b4%e4%b8%87%e4%ba%94-%e4%b8%9c%e5%8d%97%e4%ba%9a%e5%a4%9a%e5%9b%bd%e6%95%91%e5%b8%82\/"},"modified":"2013-08-22T00:00:00","modified_gmt":"2013-08-21T16:00:00","slug":"%e4%bc%af%e5%8d%97%e5%85%8b%e7%bc%a9%e5%87%8fqe%e8%8e%b7%e6%94%af%e6%8c%81-%e9%81%93%e6%8c%87%e8%b7%8c%e7%a0%b4%e4%b8%87%e4%ba%94-%e4%b8%9c%e5%8d%97%e4%ba%9a%e5%a4%9a%e5%9b%bd%e6%95%91%e5%b8%82","status":"publish","type":"post","link":"http:\/\/www.boyuanfund.com\/?p=1683","title":{"rendered":"\u4f2f\u5357\u514b\u7f29\u51cfQE\u83b7\u652f\u6301 \u9053\u6307\u8dcc\u7834\u4e07\u4e94 \u4e1c\u5357\u4e9a\u591a\u56fd\u6551\u5e02"},"content":{"rendered":"

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\u3000\u3000\u7eaa\u8981\u79f0\uff0c\u6709\u4e9b\u7f8e\u8054\u50a8\u7406\u4e8b\u8868\u793a\uff0c\u7f8e\u8054\u50a8\u53ef\u80fd\u9700\u8981\u5728\u4e0d\u4e45\u4ee5\u540e\u5c31\u5f00\u59cb\u7f29\u51cf”\u91cf\u5316\u5bbd\u677e”\u8ba1\u5212\u3002”(\u7f8e\u56fd\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a)\u7684\u51e0\u4e4e\u6240\u6709\u59d4\u5458\u90fd\u4e00\u81f4\u8ba4\u4e3a\uff0c\u73b0\u5728\u5c31\u5bf9\u8d44\u4ea7\u8d2d\u4e70\u8ba1\u5212\u4f5c\u51fa\u6539\u53d8\u53ef\u80fd\u8fd8\u4e0d\u5408\u9002”\uff1b\u6709\u4e9b\u7406\u4e8b\u8868\u793a\uff1a”\u5728\u4e0d\u4e45\u4ee5\u540e\uff0c\u4ece\u67d0\u79cd\u7a0b\u5ea6\u4e0a\u653e\u7f13\u8d44\u4ea7\u8d2d\u4e70\u8ba1\u5212\u7684\u6b65 \u4f10\u7684\u65f6\u673a\u53ef\u80fd\u5c31\u4f1a\u5230\u6765\u3002”
\u3000\u3000\u7eaa\u8981\u663e\u793a\uff1a”\u6709\u4e9b\u7406\u4e8b\u5f3a\u8c03\u6307\u51fa\u4fdd\u6301\u8010\u5fc3\u7684\u91cd\u8981\u6027\uff0c\u4ed6\u4eec\u8ba4\u4e3a\u5728\u51b3\u5b9a\u5bf9\u8d44\u4ea7\u8d2d\u4e70\u8ba1\u5212\u7684\u89c4\u6a21\u4f5c\u51fa\u4efb\u4f55\u6539\u53d8\u4ee5\u524d\uff0c\u9700\u8981\u5bf9\u6709\u5173\u7ecf\u6d4e\u7684\u989d\u5916\u4fe1\u606f\u8fdb\u884c\u8bc4\u4f30\u3002\u51e0\u4e4e\u6240\u6709\u4e0e\u4f1a\u8005\u90fd\u786e\u8ba4\uff0c\u4ed6\u4eec\u5e7f\u6cdb\u652f\u6301(\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a)\u4ece\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u5f00\u59cb\u653e\u7f13\u503a\u5238\u8d2d\u4e70\u89c4\u6a21\u7684\u8ba1\u5212\u3002”
\u3000\u3000\u4f2f\u5357\u514b\u4e0e\u5176\u4ed6\u7f8e\u8054\u50a8\u7406\u4e8b\u4e4b\u95f4\u6709\u5173\u5c06\u4ece\u4f55\u65f6\u5f00\u59cb\u7f29\u51cf”\u91cf\u5316\u5bbd\u677e”\u89c4\u6a21\u7684\u4e89\u8bba\u5df2\u7ecf\u5bfc\u81f4\u5168\u7403\u91d1\u878d\u5e02\u573a\u9677\u5165\u6df7\u4e71\u72b6\u51b5\uff0c\u4ece\u96c5\u52a0\u8fbe\u5230\u5b5f\u4e70\u518d\u5230\u7ebd\u7ea6\u5e02\u573a\u90fd\u53d7\u5230\u4e86\u5f71\u54cd\u3002\u6709\u4e9b\u7f8e\u8054\u50a8\u7406\u4e8b\u66fe\u5728\u6b64\u524d\u8868\u793a\uff0c\u5c3d\u7ba1”\u91cf\u5316\u5bbd\u677e”\u8ba1\u5212\u8d77\u5230\u4e86\u538b\u4f4e\u5931\u4e1a\u7387\u7684\u4f5c\u7528\uff0c\u4f46\u540c\u65f6\u4e5f\u5728\u5783\u573e\u503a\u5238\u548c\u6760 \u6746\u8d37\u6b3e\u7b49\u8d44\u4ea7\u7c7b\u522b\u4e2d\u6fc0\u53d1\u4e86\u8fc7\u5ea6\u7684\u5192\u9669\u6d3b\u52a8\u3002\u6760\u6746\u8d37\u6b3e\u662f\u6307\u4e00\u4e9b\u79c1\u52df\u516c\u53f8\u901a\u8fc7\u5411\u94f6\u884c\u3001\u57fa\u91d1\u516c\u53f8\u7b49\u91d1\u878d\u673a\u6784\u8d37\u6b3e\uff0c\u4ee5\u5927\u989d\u4e3e\u503a\u7684\u65b9\u5f0f\u53bb\u6536\u8d2d\u4e00\u4e9b\u6210\u719f\u884c\u4e1a\u4e2d\u5177\u6709\u7a33\u5b9a\u8d44\u91d1\u6d41\u7684\u516c\u53f8\u3002
\u3000\u3000\u6240\u8c13”\u91cf\u5316\u5bbd\u677e”(Quantitative Easing\uff0cQE)\uff0c\u662f\u7531\u65e5\u672c\u6700\u65e9\u63d0\u51fa\u7684\u4e00\u4e2a\u6982\u5ff5\uff0c\u662f\u5728\u7ecf\u6d4e\u840e\u9761\u4e0d\u632f\u3001\u94f6\u884c\u4fe1\u8d37\u6025\u5267\u840e\u7f29\u7684\u80cc\u666f\u4e0b\uff0c\u65e5\u672c\u592e\u884c\u5bf9\u4ece2001\u5e743\u6708\u5f00\u59cb\u7684\u96f6\u5229\u7387(\u94f6\u884c\u95f4\u9694\u591c\u8d37\u6b3e\u5229\u7387)\u653f\u7b56\u7684\u8fdb\u4e00\u6b65\u6df1\u5316\uff0c\u4e3b\u8981\u662f\u6307\u4e2d\u592e\u94f6\u884c\u5728\u5b9e\u884c\u96f6\u5229\u7387\u6216\u8fd1\u4f3c\u96f6\u5229\u7387\u653f\u7b56\u540e\uff0c\u901a \u8fc7\u8d2d\u4e70\u56fd\u503a\u7b49\u4e2d\u957f\u671f\u503a\u5238\uff0c\u589e\u52a0\u57fa\u7840\u8d27\u5e01\u4f9b\u7ed9\uff0c\u5411\u5e02\u573a\u6ce8\u5165\u5927\u91cf\u6d41\u52a8\u6027\u8d44\u91d1\u7684\u5e72\u9884\u65b9\u5f0f\uff0c\u4ee5\u9f13\u52b1\u5f00\u652f\u548c\u501f\u8d37\uff0c\u4e5f\u88ab\u7b80\u5316\u5730\u5f62\u5bb9\u4e3a\u95f4\u63a5\u589e\u5370\u949e\u7968\u3002
\u3000\u3000\u57287\u6708\u4efd\u653f\u7b56\u4f1a\u8bae\u4e0a\uff0c\u7f8e\u8054\u50a8\u7406\u4e8b\u8fd8\u5c316\u6708\u4efd\u653f\u7b56\u4f1a\u8bae\u4ee5\u540e\u5229\u7387\u4e0a\u5347\u7684\u5f62\u52bf\u8fdb\u884c\u4e86\u8ba8\u8bba\u3002\u6709\u4e9b\u4e0e\u4f1a\u8005\u8868\u793a\uff1a”\u6574\u4f53\u91d1\u878d\u5e02\u573a\u72b6\u51b5\u5df2\u7ecf\u51fa\u73b0\u4e86\u91cd\u5927\u7684\u7d27\u7f29\u3002”\u7eaa\u8981\u79f0\uff0c\u8fd9\u4e9b\u4e0e\u4f1a\u8005”\u8868\u8fbe\u4e86\u5bf9\u957f\u671f\u5229\u7387\u4e0a\u5347\u7684\u62c5\u5fe7\u60c5\u7eea\uff0c\u62c5\u5fc3\u8fd9\u79cd\u60c5\u51b5\u4f1a\u6210\u4e3a\u4e00\u79cd\u91cd\u5927\u7684\u56e0\u7d20\uff0c\u5bfc\u81f4\u652f\u51fa\u548c\u7ecf\u6d4e\u589e \u957f\u901f\u5ea6\u53d7\u5230\u904f\u5236”\u3002
\u3000\u3000\u5176\u4ed6\u51e0\u540d\u7406\u4e8b\u79f0\uff0c\u5229\u7387\u7684\u4e0a\u5347”\u5f88\u53ef\u80fd\u51e0\u4e4e\u4e0d\u4f1a\u5e26\u6765\u5f88\u5927\u7684\u7ea6\u675f”\u3002\u6b64\u5916\uff0c\u8fd9\u4e9b\u4e0e\u4f1a\u8005\u8fd8\u8ba4\u4e3a\uff0c\u80a1\u5e02\u7684\u4e0a\u6da8\u4ee5\u53ca\u66f4\u52a0\u5bbd\u677e\u7684\u94f6\u884c\u8d37\u6b3e\u6807\u51c6\u5c06\u62b5\u6d88\u501f\u6b3e\u6210\u672c\u4e0a\u5347\u6240\u5e26\u6765\u7684\u5f71\u54cd\u3002\u6709\u4e9b\u7f8e\u8054\u50a8\u7406\u4e8b\u5bf9\u5229\u7387\u7684\u4e0a\u5347\u8868\u793a\u6b22\u8fce\uff0c”\u539f\u56e0\u662f\u8fd9\u4e0e\u65e0\u6cd5\u6301\u7eed\u7684\u6295\u673a\u5934\u5bf8\u7684\u51b2\u62b5\u6709\u5173”\u3002
\u3000\u3000\u5f6d\u535a\u793e\u8c03\u67e5\u663e\u793a\uff0c\u5728\u63a5\u53d7\u8c03\u67e5\u768448\u540d\u7ecf\u6d4e\u5b66\u5bb6\u4e2d\uff0c\u670965%\u8ba4\u4e3a\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\u5c06\u57289\u670817\u65e5\u523018\u65e5\u7684\u8d27\u5e01\u653f\u7b56\u5236\u5b9a\u4f1a\u8bae\u4e0a\u7f29\u51cf”\u91cf\u5316\u5bbd\u677e”\u8ba1\u5212\u7684\u89c4\u6a21\u3002\u7ecf\u6d4e\u5b66\u5bb6\u5e73\u5747\u9884\u671f\uff0c\u7f8e\u8054\u50a8\u5c06\u628a\u6bcf\u4e2a\u6708\u8d2d\u4e70\u7684\u8d44\u4ea7\u89c4\u6a21\u7f29\u51cf\u81f3750\u4ebf\u7f8e\u5143\uff0c\u4e5f\u5c31\u662f\u6bd4\u76ee\u524d\u5c11100\u4ebf\u7f8e\u5143\u3002
\u3000\u3000\u7f8e\u8054\u50a8\u7406\u4e8b\u6b63\u5728\u7ee7\u7eed\u5f00\u53d1\u9000\u51fa”\u91cf\u5316\u5bbd\u677e”\u8ba1\u5212\u7684\u5de5\u5177\uff0c\u5411\u4e0e\u4f1a\u8005\u8868\u793a\u6709\u53ef\u80fd\u5229\u7528”\u4e00\u79cd\u56fa\u5b9a\u5229\u7387\u7684\u3001\u5b8c\u5168\u5206\u914d\u7684\u9694\u591c\u53cd\u5411\u518d\u56de\u8d2d\u534f\u8bae\u4f5c\u4e3a\u4e00\u79cd\u989d\u5916\u5de5\u5177\uff0c\u4ee5\u7ba1\u7406\u8d27\u5e01\u5e02\u573a\u5229\u7387”\u3002\u7eaa\u8981\u79f0\uff0c\u8fd9\u79cd\u5de5\u5177\u5c06\u5141\u8bb8\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\u5411”\u5e7f\u6cdb\u7684\u5e02\u573a\u53c2\u4e0e\u8005”\u63d0\u4f9b\u4e00\u4e2a\u65e0\u98ce\u9669\u7684 \u9694\u591c\u5de5\u5177\uff0c\u6709\u53ef\u80fd\u63d0\u9ad8\u5176\u5c06\u77ed\u671f\u5229\u7387\u4fdd\u6301\u5728\u671f\u671b\u6c34\u5e73\u7684\u80fd\u529b\u3002
\u3000\u3000\u7f8e\u8054\u50a8\u7406\u4e8b\u7ee7\u7eed\u9884\u8ba1\uff0c\u7f8e\u56fd\u7ecf\u6d4e\u589e\u957f\u901f\u5ea6\u5c06\u5728\u4e0b\u534a\u5e74\u52a0\u5feb\uff0c\u5e76”\u8fdb\u4e00\u6b65\u589e\u5f3a”\u3002\u7eaa\u8981\u79f0\uff0c\u4e0e6\u6708\u4efd\u4f1a\u8bae\u76f8\u6bd4\uff0c\u591a\u540d\u7406\u4e8b\u5bf9\u4e8e\u7ecf\u6d4e\u7684\u4fe1\u5fc3\u6709\u6240\u51cf\u5f31\uff0c\u539f\u56e0\u662f\u62b5\u62bc\u8d37\u6b3e\u5229\u7387\u4e0a\u5347\u3001\u6cb9\u4ef7\u4e0a\u6da8\u3001\u7f8e\u56fd\u51fa\u53e3\u5e02\u573a\u7684\u589e\u957f\u901f\u5ea6\u653e\u7f13\u3001\u4ee5\u53ca\u8d22\u653f\u7d27\u7f29\u98ce\u9669\u53ef\u80fd\u4e0d\u4f1a\u4e0b\u964d\u7b49\u3002\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458 \u4f1a\u57287\u670831\u65e5\u91cd\u7533\u4e86\u6b64\u524d\u7684\u627f\u8bfa\uff0c\u5373\u8be5\u59d4\u5458\u4f1a\u5c06\u5728\u770b\u5230”\u52b3\u52a8\u529b\u5e02\u573a\u524d\u666f\u51fa\u73b0\u91cd\u5927\u6539\u5584”\u7684\u8ff9\u8c61\u4ee5\u524d\u7ee7\u7eed\u4e70\u5165\u503a\u5238\u3002
\u5e02\u573a\u60c5\u7eea\u8c28\u614e \u6b27\u80a1\u8dcc0.5\uff05\u521b\u4e03\u6708\u5e95\u6765\u65b0\u4f4e<\/FONT>
\u3000\u3000\u5317\u4eac\u65f6\u95f48\u670822\u65e5\u51cc\u6668\u6d88\u606f\uff0c\u6b27\u80a1\u5468\u4e09\u6536\u4f4e0.5\uff05\uff0c\u6295\u8d44\u8005\u6b63\u7b49\u5f85\u5373\u5c06\u516c\u5e03\u7684\u7f8e\u8054\u50a87\u6708\u4f1a\u8bae\u7eaa\u8981\uff0c\u5e02\u573a\u60c5\u7eea\u666e\u904d\u8c28\u614e\u3002
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