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"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of t
"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of t
admin
2022-04-20
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问题
"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of the year. " There are already some signs that important pillars are weakening. Consumer confidence has fallen for the past two months, and the housing sector, which has been buoyant, is starting to sink. Corporate profits are falling.
Some analysts are especially concerned over the sharp fall of commodity prices. They believe it represents the threat of deflation, or falling prices in general. While this may be good for consumers, it could cause a global slowdown "The Central Bank will have to act forcefully to arrest the deflationary forces," says Robert LaMorte, chairman of Behavioral Economics, a consulting firm in San Diego. But others counter that the Central Bank doesn’t need to intervene, and they argue it should wait to see real data before acting. "The fundamentals are better than the stock market reflects," says Peter Kretzmer, an economist at Nationsbanc Montgomery Securities. The president also tried to do his part to calm the markets, citing the strong job market and balanced budget. "We believe our fundamental economic policy is sound," he said. His comments echoed statements by Treasury Secretary in Washington.
Some numbers do continue to reflect a strong economy. On September 11, the Conference Board released its index of leading indicators. The index rose 0. 4 percent, promoting the business organization to predict that the nation’s output should increase at a moderate pace for the rest of this year. The group sees little risk of recession in the near term.
But what has changed is the global economy. Japan and the rest of Asia are in recession. The woes are spreading to Latin America. "I’m convinced that we are going to have a global economic recession," says Sung Won Sohn, chief economist at Norwest Corp. , a Minneapolis-based bank.
Still, Fed watchers don’t think the Central Bank will act to try to save the world. "It’s inconceivable the Fed could make much difference in Asia, Russia, or Latin America," says Lyle Gramley, a former Fed governor.
After the last stock market crash, the Federal Revenue acted quickly to provide liquidity to the markets and to lower interest rates. But the economy is in better shape this time. The banking sector is stronger and the financial markets have been able to respond to enormous trading volume.
Mr. Grannis’s attitude towards America’s economic development is________.
选项
A、unsure
B、pessimistic
C、optimistic
D、indifferent
答案
B
解析
本题是态度题。根据关键词Mr. Grannis’s attitude和America’s economic development定位至文章首句。该句提到“The US economy is rapidly deteriorating,”says Mr. Grannis. “The odds of a recession are now very high,perhaps by the end of the year. ”(格兰尼斯先生说:“美国经济正在迅速恶化,经济衰退的可能性现在非常高,可能在今年年底。”),其中rapidly deteriorating,recession和high都说明了格兰尼斯的观点,由此可知他对美国经济发展持悲观态度,故答案选B。A项unsure“不确定的”和D项indifferent“漠不关心的”,在文中均无依据可循,故排除;C项optimistic“乐观的”与文章中表述的态度相反,属于正反混淆,故排除。
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0
考研英语二
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