Normal faoliyat ko'rsatuvchi monetar tizim kamida ikkita zarur xususiyatga ega bo'lishi kerak:
1. Milliy valyuta o'zininig ikki - o'lchov birligi ( a unit of account) va ayirboshlash/to'lov vositasi funksiyasini bir paytda bajarishi kerak;
2. Ishonch. Pul tizimiga ishonch.
Afsuski, xuddi o'rta asrlarda bo'lgani kabi har ikki yuqoridagi zaruriy shart bizda bajarilmaydi.
So'm to'lov vositasi funksiyasini qisman bajarsada, o'lchov birligi funksiyasini yo'qotganiga ancha bo'lgan.
Ishonchning yo'qolishi ham aynan surunkali inflyatsiya va devalvatsiyaning hosilasi.
Umuman, "ishonch" bu fundamental xususiyat. Milliy valyuta shunchaki instrument emas, balki ijtimoiy institut, qurilma.
Milliy valyuta keng ishlatilishi, transaksiyalar amalga oshirilishi, shartnomalar bajarilishi va eng muhimi barcha iqtisodiy sub'ektlar shunga ishonishi uchun jamiyat uchun institutsional infrastruktura zarur.
Ishonchni yaratish esa eng murakkab vazifa va yolg'iz MBning bunga kuchi yetmaydi.
Yuqoridagi ikkita holatni tiklamay turib boshqa vazifalarni amalga oshirish xususan inflyatsiyani jilovlashni imkoni yo'q. Umuman, buni eplay olishimizga menda ham ishonch yo'q.
Normal faoliyat ko'rsatuvchi monetar tizim kamida ikkita zarur xususiyatga ega bo'lishi kerak:
1. Milliy valyuta o'zininig ikki - o'lchov birligi ( a unit of account) va ayirboshlash/to'lov vositasi funksiyasini bir paytda bajarishi kerak;
2. Ishonch. Pul tizimiga ishonch.
Afsuski, xuddi o'rta asrlarda bo'lgani kabi har ikki yuqoridagi zaruriy shart bizda bajarilmaydi.
So'm to'lov vositasi funksiyasini qisman bajarsada, o'lchov birligi funksiyasini yo'qotganiga ancha bo'lgan.
Ishonchning yo'qolishi ham aynan surunkali inflyatsiya va devalvatsiyaning hosilasi.
Umuman, "ishonch" bu fundamental xususiyat. Milliy valyuta shunchaki instrument emas, balki ijtimoiy institut, qurilma.
Milliy valyuta keng ishlatilishi, transaksiyalar amalga oshirilishi, shartnomalar bajarilishi va eng muhimi barcha iqtisodiy sub'ektlar shunga ishonishi uchun jamiyat uchun institutsional infrastruktura zarur.
Ishonchni yaratish esa eng murakkab vazifa va yolg'iz MBning bunga kuchi yetmaydi.
Yuqoridagi ikkita holatni tiklamay turib boshqa vazifalarni amalga oshirish xususan inflyatsiyani jilovlashni imkoni yo'q. Umuman, buni eplay olishimizga menda ham ishonch yo'q.
BY MacroBS
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The lead from Wall Street offers little clarity as the major averages opened lower on Friday and then bounced back and forth across the unchanged line, finally finishing mixed and little changed.The Dow added 33.18 points or 0.10 percent to finish at 34,798.00, while the NASDAQ eased 4.54 points or 0.03 percent to close at 15,047.70 and the S&P 500 rose 6.50 points or 0.15 percent to end at 4,455.48. For the week, the Dow rose 0.6 percent, the NASDAQ added 0.1 percent and the S&P gained 0.5 percent.The lackluster performance on Wall Street came on uncertainty about the outlook for the markets following recent volatility.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
