<p><img src="https://imageproxy.pbkrs.com/https://upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg/800px-Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg/query-MjAxMTExMjgwNzUzMTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg/800px-Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg/query-MjAxMTExMjgwNzUzMTg"/></p>
<p><em>圖片來源：維基百科</em></p>
<p>美聯儲再次在印鈔。</p>
<p>正如我在 2017 年暢銷書 <strong>《一切泡沫》</strong> 中首次闡述的，一旦中央銀行踏上緊急貨幣政策的道路，就永遠無法逃脱/正常化。是的，中央銀行會有試圖正常化的時期……但這些時期充其量只會持續幾年，然後銀行又會回到寬鬆政策上。</p>
<p>美聯儲再次證明了這一點。</p>
<p>結束通脹的嘗試持續了大約 30 個月（從 2022 年 3 月到 2024 年 9 月），然後美聯儲又開始降息。自那以來，美聯儲已經降息六次，將金融系統中的資金成本從 5.5% 降低到 3.75%。</p>
<p>在週三，美聯儲宣佈了一項新的量化寬鬆計劃，將每月印刷 400 億美元用於購買短期國債，這一寬鬆政策大幅加速。</p>
<p>美聯儲為什麼要這樣做？</p>
<p>因為美國每 100 天新增 1 萬億美元的債務。美聯儲可以通過通脹引發市場上漲……或者讓債券泡沫破裂，觸發危機。</p>
<p>美聯儲選擇了選項#1。</p>
<p>我不喜歡這樣，也不同意。但我打算從中大賺一筆。</p>
<p>你也應該這樣做。</p>
<hr/>
<p><em>更多作者作品：</em></p>
<p>世界上最重要的市場再次崩潰</p>
<p>特朗普時代的美聯儲將引發市場上漲</p>
<p>中央銀行無法創造就業或增長</p>

<p>美聯儲再次開始印鈔，實施新的量化寬鬆（QE）計劃，每月購買 400 億美元的短期國債。這一舉措是在美國每 100 天增加 1 萬億美元債務的背景下進行的，美聯儲選擇誘發通貨膨脹，而不是冒着債券市場危機的風險。美聯儲已經六次降息，將利率從 5.5% 降低至 3.75%，突顯了正常化貨幣政策的挑戰</p>

<p><img src="https://imageproxy.pbkrs.com/https://upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg/800px-Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg/query-MjAxMTExMjgwNzUzMTg" alt="" original-src="https://upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg/800px-Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg?20111128075318"/></p>
<p><em>Image source: Wikipedia</em></p>
<div class="lb-trans"><p><em>圖片來源：維基百科</em></p>
</div><p>The Fed is printing money again.</p>
<div class="lb-trans"><p>美聯儲再次在印鈔。</p>
</div><p>As I first outlined in my 2017 best-selling book <strong><em>The Everything Bubble</em></strong>, once a central bank embarks on a path of emergency monetary policy, it can never escape/ normalize. Yes, there will be periods during which a central bank <em>attempts</em> to normalize… but those will only last a few years at best before the bank is once again back to easing.</p>
<div class="lb-trans"><p>正如我在 2017 年暢銷書 <strong>《一切泡沫》</strong> 中首次闡述的，一旦中央銀行踏上緊急貨幣政策的道路，就永遠無法逃脱/正常化。是的，中央銀行會有試圖正常化的時期……但這些時期充其量只會持續幾年，然後銀行又會回到寬鬆政策上。</p>
</div><p>The Fed just proved this point, again.</p>
<div class="lb-trans"><p>美聯儲再次證明了這一點。</p>
</div><p>The attempt to end inflation lasted a roughly 30 (from March 2022 to September 2024) before the Fed was back cutting rates. The Fed has since cut rates SIX times, reducing the cost of money in the financial system from 5.5% to 3.75%.</p>
<div class="lb-trans"><p>結束通脹的嘗試持續了大約 30 個月（從 2022 年 3 月到 2024 年 9 月），然後美聯儲又開始降息。自那以來，美聯儲已經降息六次，將金融系統中的資金成本從 5.5% 降低到 3.75%。</p>
</div><p>This easing accelerated in a big way on Wednesday when the Fed announced a new QE program through which it will print $40 billion per month and use it to buy short-term Treasuries.</p>
<div class="lb-trans"><p>在週三，美聯儲宣佈了一項新的量化寬鬆計劃，將每月印刷 400 億美元用於購買短期國債，這一寬鬆政策大幅加速。</p>
</div><p>Why is the Fed doing this?</p>
<div class="lb-trans"><p>美聯儲為什麼要這樣做？</p>
</div><p>Because the U.S. is adding $1 trillion in new debt every 100 days. The Fed can either induce a melt-up via inflation… or let the bond bubble burst, triggering a crisis.</p>
<div class="lb-trans"><p>因為美國每 100 天新增 1 萬億美元的債務。美聯儲可以通過通脹引發市場上漲……或者讓債券泡沫破裂，觸發危機。</p>
</div><p>The Fed is chose options #1.</p>
<div class="lb-trans"><p>美聯儲選擇了選項#1。</p>
</div><p>I don’t like this, nor do I agree with it. But I intend to profit from it in a big way.</p>
<div class="lb-trans"><p>我不喜歡這樣，也不同意。但我打算從中大賺一筆。</p>
</div><p>You should too.</p>
<div class="lb-trans"><p>你也應該這樣做。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多作者作品：</em></p>
</div><p>The Most Important Market In The World Is Breaking Down Again</p>
<div class="lb-trans"><p>世界上最重要的市場再次崩潰</p>
</div><p>The Trump Fed Will Ignite A Melt Up</p>
<div class="lb-trans"><p>特朗普時代的美聯儲將引發市場上漲</p>
</div><p>Central Banks Cannot Create Jobs Or Growth</p>
<div class="lb-trans"><p>中央銀行無法創造就業或增長</p>
</div>

無論我們是否喜歡，美聯儲正在採取這一行動