八点最热报 | 美联储时隔四年重启降息，全球股市一片欢腾给。亚洲多个股市上扬，多个国家货币也迎来强劲上涨。美联储自2022年3月开始加息，一直到2023年7月，累计加息幅度高达525个基点，是40年来最激进的加息周期，让全球经济苦不堪言。如今美联储罕见宣布大幅降息50个基点，是否意味着全球经济最难的时刻已经过去了？全球经济这下终于可以松口气了，迎接久违春天的到来？（主播：梁宝仪）
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00:00Before watching the video, I would like to remind you that there is more content on the Hotpoint website.
00:30In the past few days, the U.S. economy has been hit hard by the global economy.
00:34Now that the U.S. Federal Reserve has announced a 50-day downturn,
00:38does this mean that the most difficult time for the global economy has passed?
00:43Can the global economy finally relax and welcome the arrival of the long-awaited spring?
00:49When the two economists were interviewed by the 8 o'clock Global Times,
00:52they both said that the U.S. dollar has finally fallen, which is undoubtedly good news for the world.
00:58However, this does not mean that it will be flat all the way from now on.
01:01After the U.S. dollar rose sharply again in the past three days,
01:06the U.S. dollar broke through the 4.2 level this morning and rose to the 4.19 level,
01:11up 0.48%.
01:13Since March 11, 2022, the U.S. dollar has returned to a level above the 4.0 level,
01:22which is the highest level in the past two years and six months.
01:25Some economists even believe that in the current trend,
01:28the U.S. dollar will break through the 4.0 level in the short term, which is not unthinkable.
01:33Professor Zhong Zhiqiang, professor of economics at Laman University,
01:36said that the U.S. dollar has been rising and falling like a black hole,
01:40attracting global funds from other emerging markets,
01:43causing other countries to lack funds to develop the economy.
01:47Now that the U.S. dollar has fallen and the black hole has become a white hole,
01:51the global funds that are trying to make a profit are starting to spray out from the U.S.
01:56to find new investment ports.
01:58Some new countries with a good economy and strong fundamentals
02:01have become the new favorites of investors.
02:04And Malaysia is one of the beneficiaries.
02:07Whether it's the bond market or the stock market,
02:10there will be a lot of room for growth.
02:13With foreign investment flooding into Malaysia,
02:15the horse that fell to the lotus seed before was finally out of breath.
02:19Professor Lin Fuyan, professor of economics at Peking University,
02:22said that since the 1MDB scandal broke out,
02:24the five-state currency and international image have been greatly impacted.
02:28After that, the domestic political situation was unstable,
02:31and several governments were replaced in a short period of time.
02:34After the reunification government came to power,
02:36the domestic political situation was finally stable,
02:39but it was hit by the rise and fall of the U.S. dollar cycle,
02:43which led to a serious decrease in the horse currency.
02:46Now that the U.S. dollar has fallen,
02:48and the hot money has returned to Malaysia,
02:50it has pushed the horse currency to rise.
02:52He believes that the horse currency will return to the economic fundamentals.
02:55This is a good start for the economic development of our country.
02:58Although the U.S. dollar has fallen,
03:00it has many benefits for Malaysia.
03:02But two scholars reminded that
03:04the money flowing into the U.S. is hot money.
03:07Just like the tide of the sea,
03:09it can rise overnight,
03:11but it may retreat to the bottom in the next second.
03:13Once there is other good news,
03:15these funds will come and go quickly.
03:18Zhong Shixiang believes that
03:20the government should implement good policies
03:22when foreign investment is needed,
03:24and quickly get the economy going.
03:26Lin Fuyan suggests that the government should strengthen financial control,
03:30such as accelerating the pace of de-dollarization
03:33to reduce the impact of the rise and fall of the U.S. dollar on the horse currency.
03:38The U.S. Federal Reserve announced a decline yesterday,
03:40which finally allowed the global economy
03:42to breathe a sigh of relief from the long-term pressure.
03:44Two economists said that
03:46the U.S. dollar's rise and fall cycle is over,
03:49and is now entering a decline cycle.
03:51The U.S. dollar has fallen,
03:53releasing funds to return to the global market.
03:55This is definitely good news for the world,
03:57including Malaysia.
03:58Not only is foreign investment rising,
04:00but the horse currency is also rising steadily.
04:03The U.S. dollar is now at a level of 4.17,
04:07a new high of 30 months.
04:09Just like the previous U.S. rise and fall,
04:11the U.S. dollar was like a black hole,
04:13attracting all the funds to flow into the U.S.
04:15Now it's the other way around.
04:17The black hole has become the white hole.
04:19The funds are coming out.
04:21If the U.S. releases these funds to the global market,
04:24it will be good news for countries,
04:26especially after the epidemic,
04:28that they need funds to develop their own economic markets.
04:32It's also a good job.
04:34Because the U.S. dollar will flow into the U.S.,
04:37so our market will receive a lot of money.
04:40So if you want to invest in a country,
04:42you have to use the U.S. dollar
04:44to raise the currency of the country.
04:46So in the foreign exchange market,
04:48the demand for local currency has increased.
04:51There is a lot of foreign currency supply.
04:53So of course our currency will increase.
04:56That is to say, your demand is high,
04:58so the value of your currency will increase,
05:00and the currency will start to rise.
05:02Professor Lin Fuyan of the Department of Economics,
05:04University of the North, said that
05:05the U.S. dollar is now in a low-level balance.
05:08The people are not confident in the national economy,
05:10so they are cautious about spending money,
05:12unwilling to spend money,
05:13which has kept the domestic economy in a low-level balance.
05:16He believes that as the U.S. dollar declines,
05:18the U.S. dollar may be able to break this bad cycle
05:20with the help of foreign currency.
05:22And the increase in the U.S. dollar
05:24can also create a positive impression
05:26of the U.S. economy.
05:28Because of the increase,
05:29imported goods are cheaper.
05:30So it will have a good effect
05:33on the stimulus of consumption.
05:35In addition, when a country's currency rises,
05:39it will send a signal
05:41that the economic progress of the country
05:44is not bad.
05:45It has started to turn well.
05:46So when everyone's confidence comes back,
05:49the economy will be good.
05:51Because when everyone is confident,
05:52we dare to spend money.
05:53When we dare to spend money,
05:54the economy will be good.
05:55When the boss makes money,
05:56he invests again.
05:57After investing,
05:58the workers make money again,
05:59and the workers spend again.
06:00He begins to have a conscience.
06:03Professor Zhong Zhiqiang,
06:04professor of economics at Laman University,
06:06said that the decline in the U.S. dollar
06:07also gave the Danish National Bank
06:09the space to reduce interest rates.
06:11He said that because the U.S. dollar
06:13has been rising,
06:14in order to avoid the domestic fund
06:16to go out,
06:17the national bank can only maintain
06:19the interest rate of the policy overnight OPR
06:21at 3%.
06:22This is quite high in Danish history.
06:24Now, with the decline in the U.S. dollar,
06:26the national bank can consider reducing interest rates
06:28to stimulate the domestic economy
06:30and reduce the pressure on domestic enterprises.
06:33If a domestic enterprise wants to develop
06:35and make a fortune,
06:37it must have a loan.
06:38If the interest rate remains at 3%
06:40or higher,
06:41they have no ability
06:43or do not want to develop
06:45or increase their investment.
06:47When the interest rate is so low,
06:49you have the space
06:50to reduce your domestic interest rates
06:53so that some domestic enterprises
06:55can reinvest.
06:57This is very important.
06:58However, two economists reminded
07:00that investors are all eager to make money.
07:03Therefore, these hot money
07:04come and go quickly.
07:06Once there is good news in other aspects,
07:08foreign investment will also run out instantly.
07:11Therefore, China must strengthen financial control
07:14and the government's policy
07:15must also be balanced
07:17to reduce the impact of the rise and fall of the U.S. dollar
07:19on foreign currency.
07:21The biggest problem is that
07:22these funds flow in easily
07:25and flow out easily.
07:28Therefore, their volatility and uncertainty
07:30are very, very high.
07:32That is to say, the funds are fixed.
07:34When a country or a region
07:36has a good or bad factor,
07:38these funds will flow there automatically.
07:40If the good news
07:42or motivation disappears,
07:44these funds will start to flow to other countries.
07:47So you have to balance well
07:49between one gain and one loss.
07:51You have to use some of the country's policies
07:53to subsidize these funds.
07:54We can't let these money
07:56flow out suddenly.
07:58When there is a tsunami,
08:00the waves will suddenly push it over.
08:02Then suddenly the waves
08:04will suddenly come over.
08:06So we don't want this kind of tsunami to happen.
08:08Suddenly there is no money.
08:10Then suddenly a lot of money comes.
08:12Of course, China has already made a lot of adjustments
08:14in this regard.
08:16Therefore, the U.S. dollar's deep cycle
08:18and low cycle
08:20are not so smooth
08:22for foreign foreign investment.
08:26For more UN videos visit www.un.org