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(单词翻译:双击或拖选)
Global Markets Calm on First Day of US Government Shutdown 美国政府关门第一天全球市场反应平静
On Tuesday, financial markets, by and large, shrugged1 off the first U.S. government shutdown in 17 years. Analysts2 believe the shutdown is likely to be short-lived but others worry a prolonged stand-off could wreak3 havoc4 on the global economy.
周二,金融市场,总的来说,美国政府在17年来首次关闭。分析人士认为,关闭很可能是短暂的,但其他人担心长期对峙可能会对全球经济造成严重破坏。
While the back and forth5 continued in Washington, “The House has made its position known very clearly," said Republican Speaker of the House John Boehner.
“Madame President, it is embarrassing," said Democratic Leader of the Senate Harry6 Reid.
Financial markets around the world watched from the sidelines, waiting for cooler heads to prevail.
“I think the market is convinced that a deal eventually will be reached but right now they are really in wait and see mode," said market strategist Mike Ingram.
If resolved quickly, many investors7 believe the economic impact of the government shutdown will be minimal8. Investment manager Patrick Armstrong says the danger lies in not knowing when.
“The longer it does drag on the more impact it will have, because it will have consequences on consumer confidence, the unemployment rate kicks up as you’ve got government workers who aren’t employed," he said. "And it will probably create a bit more uncertainty9 about the budget crisis that’s looming10 at the middle of this month as well."
He’s referring to the country’s $16.7 trillion debt.
Unless Congress reaches a deal on raising the debt limit this month, the U.S. Treasury11 says the country will run out of money to pay its debts.
Economist12 Eric Chaney says the longer the political stand-off continues, the greater the risk that people who hold U.S. Treasury bonds will not get paid.
“If the government shutdown in the U.S. lasts more than a week, people will start to think that “Okay, the deadline for the debt ceiling, which is around the 17th of October is not going to be met,” he said. "In that case, the risk is a risk of default. And I think in that case, we might have a very negative reaction."
If that happens, analysts say the dollar’s value will fall, interest rates will rise and the U.S. could see another credit downgrade.
The prospect13 of a U.S. default is especially troubling in Asia, where stock prices were rising on manufacturing gains.
South Korean TV newscasters voiced the concerns this way:
“If the United States federal government’s temporary shutdown is prolonged, not only America but the world’s economy could be affected14 negatively.”
Still, European stocks were mostly higher Tuesday.
And on Wall Street - where stock prices have fallen in seven of the past eight sessions - investors took advantage of bargain prices, sending major indexes into positive territory.
Analysts predict the trajectory15 will change the longer the U.S. budget crisis continues.
1 shrugged | |
vt.耸肩(shrug的过去式与过去分词形式) | |
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2 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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3 wreak | |
v.发泄;报复 | |
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4 havoc | |
n.大破坏,浩劫,大混乱,大杂乱 | |
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5 forth | |
adv.向前;向外,往外 | |
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6 harry | |
vt.掠夺,蹂躏,使苦恼 | |
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7 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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8 minimal | |
adj.尽可能少的,最小的 | |
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9 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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10 looming | |
n.上现蜃景(光通过低层大气发生异常折射形成的一种海市蜃楼)v.隐约出现,阴森地逼近( loom的现在分词 );隐约出现,阴森地逼近 | |
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11 treasury | |
n.宝库;国库,金库;文库 | |
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12 economist | |
n.经济学家,经济专家,节俭的人 | |
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13 prospect | |
n.前景,前途;景色,视野 | |
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14 affected | |
adj.不自然的,假装的 | |
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15 trajectory | |
n.弹道,轨道 | |
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