縮表是香港的新聞用來形容Normalization policy, “縮表” 不太洽當, Normalization= 正常化, 你地可以自行解讀.
At the March 2015 FOMC meeting, all participants agreed to augment the Committee’s Policy Normalization Principles and Plans by providing the following additional details regarding the operational approach the FOMC intended to use when it became appropriate to begin normalizing the stance of monetary policy.
https://www.federalreserve.gov/monetarypolicy/policy-normalization.htm
FOMC Press Conference September 20, 2017
As was planned, the Committee anticipates reducing the quantity of reserve balances, over time, to a level below that seen in recent years but larger than before the financial crisis 2008.
Treasuries MBS
OCT- DEC 17 6 bil x 3mths= 18 4 bil x 3mths = 12bil
JAN- MAR 18 12 bil x 3mths = 36 8 bil x 3mths = 24 bil
APR- JUN 18 18 bil x 3mths= 54 12 bil x 3mths = 36 bil
JUL- SEP 18 24 bil x 3mths = 72 16 bil x 3mths = 48
Total for first 12 mths = 180 bil + 120 bil
Total for 2nd 12 mths = 360 bil + 240 bil
Total for 3rd 12 mths = 360 bil + 240 bil
Total for 3 years = 300bil + 600 bil + 600 bil = USD 1.5 Trillion
This means; it takes 6 years in cutting down USD 3 trillion, reducing balance sheet to USD4.5 tillion- 3 tillion= USD 1.5 trillion
美國及環球加息兼縮表退市，必影響股、樓市，然而(香港)仲有人話樓市大時代再嚟，堅離地？！呢一次,好爆! 大家小心小心, 逄七必爆!
本網站的內容概不構成任何投資意見，料如有錯漏而令閣下蒙受損失，本Blog 概不負責。加上昨天Yellen’s speech , 加息時代正式開始了.
