Question 1: How powerful is shrinking the balance sheet? Shrinking the balance sheet means reducing the bank's liabilities, which means less loans, which means recovering previous loans and closing the black hole. The above is bound to drain a large amount of liquidity from the market, which is more direct than raising interest rates. Why? If interest rates are raised, the capital may not be returned to the country immediately. The money earned from outside speculation is much better than the interest income, or the money lost from outside speculation is not willing to cut off the flesh. This move, compared to a reminder, is equivalent to an administrative order, which directly removes money from the market and directly removes money from the market. Then the flow of funds between markets will become a problem and will cause private interest to rise sharply. The reduction in the liquidity of the US dollar will make the US dollar more valuable, causing the US dollar to appreciate and other countries to depreciate significantly against the US dollar. This will lead to a long-term bear market in the speculative assets of other countries. Of course, foreign capital will have to cash out and return home.

Question 2: What does the People’s Bank of China mean by shrinking its balance sheet? Reducing the size of the balance sheet currently mainly refers to reducing the size of assets, which in turn leads to a reduction in liquidity.

Has the central bank’s balance sheet reduction action begun? The Fed’s balance sheet reduction action has not yet begun, while the Bank of China’s balance sheet reduction action has quietly begun. ?The central bank’s balance sheet data in March shows that the central bank has been shrinking its balance sheet rapidly. In March, the central bank's total assets fell by 800 billion from the previous month, although foreign exchange holdings only decreased by about 50 billion that month. In March, the central bank's net liquidity recovery from the open market was RMB 133 billion. During the same period, the central bank's claims on depository financial institutions decreased by RMB 775 billion, the largest contraction in the past five years. ?From the perspective of total assets, the total assets of the Central Bank of China were 34.8 trillion yuan at the end of January, dropped to 34.5 trillion yuan at the end of February, and dropped to 33.7 trillion yuan at the end of March. In just two months, the total assets dropped by 1.1 trillion yuan, with a decline of 3%.

Question 3: Is there any balance sheet reduction and when will it end? Balance sheet reduction refers to the central bank’s behavior of reducing the size of its balance sheet. By directly selling off the bonds it holds or stopping the reinvestment of maturing bonds, the Federal Reserve can achieve direct recovery of base money, which is a more stringent tightening policy than raising interest rates.

Question 4: What is the most commonly heard "balance sheet shrinkage" recently? It is the shrinkage of the balance sheet. Therefore, when we shorten the balance sheet for short, we do not need to indicate whether it is a shrinkage of liabilities or assets. Assets The balance sheet increases and decreases at the same time. You only need to indicate whether you want to expand or shrink the table.

Balance sheet shrinkage, that is, balance sheet shrinkage, is referred to as balance sheet shrinkage.

Question 5: What are the "shrinking" and "expanding" of the central bank's balance sheet? Currently, it mainly refers to the shrinking (or expanding) of the asset side of the central bank's balance sheet, that is, the central bank reduces (or increases) the balance sheet from the market. The amount of assets purchased (such as various bills) will correspondingly reduce (or increase) the amount of liquidity in the market (that is, the amount of money).

Question 6: What does the Fed mean by "shrinking its balance sheet"? What is the impact of silver? Silver is priced in U.S. dollars and has an inverse relationship with the U.S. dollar. It rarely rises at the same time. Generally speaking, when the U.S. dollar rises, silver falls, and when the U.S. dollar falls, silver rises. After the Federal Reserve raises interest rates, investment in U.S. dollar capital becomes more popular. will increase, and other market funds will purchase high-interest U.S. dollars in large quantities, pushing up the U.S. dollar index, and the price of silver may therefore fall.

The Fed's interest rate hikes will cause the inflationary effect to be weaker, and silver will be a hedge against inflation. Demand will weaken, and silver prices will be under pressure.

The above two factors are the fundamental impact of the Fed's interest rate hike on silver prices. Of course, silver prices depend on many factors, including ultra-low yields on European and Japanese bonds. Under the rate, investors should transfer their capital to the US bond market, which will indirectly benefit the price of silver. On the contrary, it will be negative.

Question 7: When will the central bank reduce its balance sheet? Scale currently mainly refers to the reduction of asset size, which in turn leads to a reduction in liquidity.

The central bank's balance sheet reduction operation has not yet begun, and the central bank's balance sheet reduction operation has quietly begun in March. Balance sheet data shows that the central bank has been shrinking its balance sheet rapidly. In March, the central bank's total assets fell by 800 billion compared with the previous month. Although the central bank's foreign exchange holdings only decreased by about 50 billion in March, the central bank's net liquidity in the open market was 133 billion during the same period. Claims on depository financial institutions decreased by 775 billion yuan, the largest contraction in the past five years. In terms of total assets, the total assets of the People's Bank of China at the end of January were 34.8 trillion yuan, which dropped to 34.5 trillion yuan at the end of February. It dropped to 33.7 trillion, a decrease of 1.1 trillion in just two months, a decrease of 3%.

Question 8: What is the impact of the Fed's balance sheet reduction on China? I know if you are interested in this question, if so, I will briefly talk about it. 1. The expansion and contraction of the central bank's balance sheet is essentially a concept in the United States. Since the Federal Reserve in the United States is a private bank, it is the central bank's monetary policy. It has great independence. It is impossible for *** to ask the Federal Reserve to issue money indiscriminately. Therefore, if the Fed wants to issue money, the United States *** will issue treasury bonds, and the Fed will buy the treasury bonds, and *** will invest the money into entities after receiving it. Economy, *** the development of the real economy.

Therefore, from the perspective of the central bank's balance sheet, its assets, that is, the currency issued outside, have increased, and its liabilities, the government bonds held by the government, have also increased. This is the so-called expansion of the balance sheet, and the popular explanation is quantitative easing. 2. The Federal Reserve has no ability to directly regulate bank lending. It can only regulate inter-bank lending rates to affect lending. The result of quantitative easing is to control the amount of high-energy money, which has no impact on the money multiplier. Only the Fed's adjustment of the reserve ratio can affect currency. multiplier. 3. As for the impact of quantitative easing, it is mainly explained from the perspective of Keynesian economics. In layman's terms, it suppresses citizens' impulse to hold money, thereby stimulating investment and ultimately leading to economic recovery. 4. The Federal Reserve's generally unstable exchange rate. The United States is a country with a floating exchange rate system, and the exchange rate floats freely. 5. One more thing to say here is that the essence of quantitative easing is that the Federal Reserve purchases U.S. Treasury bonds, which means that the government has issued a large amount of Treasury bonds, which will lead to the so-called government debt problem. Quantitative easing and the US debt problem are of the same origin. 6. Looking at China, because China’s central bank is not independent, China’s central bank will unscrupulously issue money at the request of the Communist Party. Judging from the world economic crisis, China’s M2 has soared from 40 trillion to 100 billion. Trillion, the largest in the world. Of course, we must exclude the amplification effect of the currency multiplier and the idling of capital banks. Judging from the current situation, China's finance has reached the edge of collapse, and the consequences will be unimaginable.

Question 9: The excel table has been shrunk together. What is the password to restore it? 1. Page layout → Zoom ratio 100%

2. There is a number showing the page ratio in the lower right corner of the table. , change to 100% or larger

3. Hold down the ctrl key and slide the mouse wheel

If you want to hide it, just go to Hide it (select the cell row or column, right-click → Cancel Hidden) Hope to adopt! !