Finance: Threatened Super

Сүүлийн 15 сарын дотор Америкийн тэтгэврийн сан хоёр триллион долларын алдагдал хүлээсэн нь нийт хуримтлалын 20 хувь болсон байна. Бүх хохирлын тал хувь нь зөвхөн сүүлийн гурван сарын дотор гарчээ.

From: http://au.news.yahoo.com

Rudd holds firm on global credit crisis

October 9, 2008, 5:56 pm

The International Monetary Fund (IMF) has delivered a positive forecast for Australia despite the deepening global credit crisis, Prime Minister Kevin Rudd says.

Overnight, the IMF released its world economic outlook, saying Australia was unlikely to slip into recession.

“Positive growth with a two in front of it for ’09,” Mr Rudd told reporters in summing up the IMF report card on Thursday.

“Furthermore, you see that reflected in the different projections on unemployment for those major, advanced economies.”

Mr Rudd also highlighted a report on the soundness of Australian banks from the World Economic Forum.

“Australia is ranked fourth out of 134 and to put that into context the UK ranks at number 44, the United States number 40 and Germany at number 39.”

The global financial crisis would strike a “really bad” blow to Australians’ superannuation savings, Mr Rudd said.

“This is one of the really bad developments and bad impacts of what’s happening out of a series of bad news from, bad news announcements from the global economy.

“… Let’s be absolutely clear about it. What is happening in the global economy and what people see daily on their television screens and the impact on stockmarkets affects people’s superannuation earnings, it really does.

“It hits the bottom line and it’s bad, it’s really bad. Let’s not mince words about it.”

Mr Rudd called for the banks to pass on Tuesday’s 100 basis point cash rate cut to credit card holders.

“There should be maximum pass-through of the interest rate cuts to those holding credit cards,” he said.

“If people aren’t getting the right deal from their individual bank then they should be voting with their feet.”

Meanwhile, the weakening Australian dollar – trading at about 68 US cents on Thursday – would provide benefits for local exporters, Mr Rudd said.

“It gives a relative comparative advantage to certain Australian exporters into the future.”

It was also “very important” to see what China did with its forward contracts, Mr Rudd said.

Mr Rudd believes Chinese economic growth – which has helped underpin the Australian economy – will continue over the longer term.

Overnight, China cut its key interest rate by 27 basis points in a bid to shore up the economy in the midst of the global financial crisis.

Mr Rudd said he had spoken to Chinese Premier Wen Jiabao in recent days and been reassured of the continuing strength in the Chinese economy.

“I note in particular a decision taken by China to reduce its interest rates by 27 basis points. This is important in terms of indicating China’s long-term growth strategy,” he said.

“Following a conversation I had with Prime Minister Wen Jiabao … it would appear to me to be confirming that China intends long term to accelerate its growth strategy into the future.”

While China was marginally revising down its growth rate, Mr Rudd said actions and statements from Beijing suggested China would “continue to accelerate the growth lever for itself”.

Mr Rudd said federal Treasurer Wayne Swan would attend a special meeting of G20 finance ministers in Washington on Saturday to discuss the crisis.

Mr Swan has arrived in the United States for meetings of the IMF and the World Bank.

Australia had been arguing that the G20 was the appropriate forum to decide the best regulatory response for financial systems over the medium and long term, Mr Rudd said.

Finance Minister and Acting Treasurer Lindsay Tanner says global measures taken to loosen up credit markets may be sufficient but he cannot be certain.

“I’m optimistic that it will be sufficient to stabilise and re-open ordinary credit activity in the major financial markets around the world, but I can’t make a prediction about that because I don’t think anybody can,” Mr Tanner said.

Mr Tanner said the share market was an important part of the economic equation but what mattered most was economic activity.

“Australia is still very well positioned to ride out these very challenging international circumstances,” he said.

“Both the government’s projection and the IMF’s (International Monetary Fund) projection is that we will still have economic growth running above two per cent.

“And because we’ve got a very strong budget surplus as a buffer, and we’ve got strongly capitalised banks that are well regulated, we’re in better circumstances to deal with these things than almost any other major economy.”

But Mr Tanner said unemployment in Australia may rise.

“The budget forecast and the very recent IMF forecast suggest that unemployment will increase slightly in Australia in the near future, in the medium future.

“But that it will still have a four in front of the number, which means that we will still have unemployment at very low levels.”

Unemployment rose to 4.3 per cent in September from 4.1 per cent in August.

Mr Tanner said the fall in the value of the Australian dollar and recently reduced interest rates would have a positive effect on economic activity and employment.

“So I believe that the projections that we’ve currently got will broadly prove to be accurate.”

Mr Tanner also said that rules on corporate disclosure were likely to be put under the microscope once the global financial crisis eases.

He said Australia’s regulatory framework was among the best in the world, but there was always room for improvement.

“And disclosure issues are the kinds of things that I suspect will be among the list of things that will be considered here and elsewhere,” he said.

http://news.gogo.mn/r/43566

Америкийн тэтгэврийн сан хоёр триллион доллар алджээ

Америкийн тэтгэврийн сан хоёр триллион доллар алджээ

Сүүлийн 15 сарын дотор Америкийн тэтгэврийн сан хоёр триллион долларын алдагдал хүлээсэн нь нийт хуримтлалын 20 хувь болсон байна. Бүх хохирлын тал хувь нь зөвхөн сүүлийн гурван сарын дотор гарчээ.

Ийм дүгнэлтийг АНУ-ын Конгрессийн санхүүгийн шинжээчид хийжээ.

Тэдний дүгнэлтээр санхүүгийн хямрал америкчуудын төлөвлөгөөг өөрчлөхөд хүргэж байгаа ба зарим хүмүүс тэтгэвэрт гарах хугацаагаа сунгахаас өөр аргагүй болж байна. Ялангуяа ойрын хугацаанд ажлаа орхих гэж байсан хүмүүст энэ нь хамгийн хүчтэй нөлөө үзүүлж байна.

“Уолл-стритийн топ менежерүүдээс ялгаатай нь америкийн гэр бүлд тэднийг аврах алтан шүхэр байхгүй” гэж Бүгд найрамдах намын конгрессмен Жорж Миллер хэлээд санхүүгийн хямралын үр дагавар нь жирийн америкчуудын тэтгэврийн санд хүнд цохилт өглөө гэсэн байна.

Судалгаагаар 45-аас дээш насны ажилтан хүмүүсийн тавны нэг нь тэтгэврийн санд мөнгө оруулахаа зогссон ба дөрөвний нэг нь ажлын цагаа нэмэгдүүлэхээс өөр аргагүй болжээ. Гуравны нэг нь тэтгэвэрт гарахаа хойшлуулахаас өөр аргагүй болсон бол судалгаанд хамрагдагсдын тал хувь нь хүнс, шатахуун, эм тарианы зардал гаргахад хүндрэлтэй болсоноо хэлжээ.

Санхүүгийн системийн хямрал нь АНУ-ын тэтгэвэрт гарах дундаж насны хэмжээг уртасгаж байгааг шинжээчид хэлж байна. Хэрэв 1985 онд 60-аас дээш настай америкчуудын 18 хувь нь үргэлжлүүлэн ажиллаж байсан бол 2006 онд тийм хүмүүсийн хувь 29 хувь болон өсчээ. Ойрын 10 жилийн дотор Америкийн ажилтай хүмүүсийн дунд 55-аас дээш насны ахмадуудын тоо тав дахин өснө гэж судлаачид дүгнэжээ.

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