美国的其余30%

纽黑文——美国消费者现在只剩下以前无所不能的影子。2012年第二季度美国个人消费经通胀调整后的实际年增长率仅为1.5%——而且这还算不上什么失常表现。不幸的是,这不过是2008年初以来日趋明显的疲软格局的延续。

与危机爆发前10年3.6%的增长趋势相比,过去18个季度实际消费需求的年均增长率仅有可怜的0.7%。美国消费者还从未有过如此长时间的弱势记录。

其中的原因并不是什么秘密。消费者在住房和信贷这两个泡沫上下了大注。不计后果的货币和监管政策把原本简陋的居所变成了自动提款机,让有房一族从泡沫当中提取美元,享受着超出自身经济能力的生活。

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