{"id":1117,"date":"2011-04-11T12:52:40","date_gmt":"2011-04-11T12:52:40","guid":{"rendered":"http:\/\/gold-silver.biz\/sk\/?p=1117"},"modified":"2011-04-11T12:52:40","modified_gmt":"2011-04-11T12:52:40","slug":"usa-ukazali-preco-sa-dlhova-kriza-rozsiri-komentar","status":"publish","type":"post","link":"https:\/\/investicnyblog.sk\/gsi\/sk\/usa-ukazali-preco-sa-dlhova-kriza-rozsiri-komentar\/","title":{"rendered":"USA uk\u00e1zali, pre\u010do sa dlhov\u00e1 kr\u00edza roz\u0161\u00edri (koment\u00e1r)"},"content":{"rendered":"<p><strong>Spojen\u00e9 \u0161t\u00e1ty pokra\u010duj\u00fa v gr\u00e9ckej ceste, z ktorej sa im bude \u0165a\u017eko vraca\u0165.<\/strong><\/p>\n<p>Minulot\u00fd\u017ed\u0148ov\u00e9 udalosti v USA s\u00fa pekn\u00fdm pr\u00edkladom toho, pre\u010do sa dlhov\u00e1 kr\u00edza ani z\u010faleka nekon\u010d\u00ed, a pre\u010do okrem u\u017e insolventn\u00fdch Gr\u00e9cka, \u00cdrska a Portugalska bud\u00fa krachova\u0165 aj \u010fal\u0161ie krajiny, USA nevyn\u00edmaj\u00fac. Pr\u00e1ve koncom minul\u00e9ho t\u00fd\u017ed\u0148a dosiahol americk\u00fd verejn\u00fd dlh dlhov\u00fd strop, ktor\u00fd je zaka\u017ed\u00fdm, ke\u010f sa k nemu \u00farove\u0148 americk\u00e9ho \u0161t\u00e1tneho dlhu pribl\u00ed\u017ei, navy\u0161ovan\u00fd (vi\u010f. graf).<\/p>\n<p>Tentokr\u00e1t sa oblig\u00e1tna fra\u0161ka rokovania o novom dlhovom strope, ktor\u00e9ho existencia je vzh\u013eadom na jeho neust\u00e1le navy\u0161ovanie \u00faplnou zbyto\u010dnos\u0165ou, trochu skomplikovala, ke\u010f\u017ee demokrati u\u017e neovl\u00e1daj\u00fa snemov\u0148u reprezentantov a republik\u00e1ni \u017eiadali v\u00fdmenou za svoje hlasy zn\u00ed\u017eenie v\u00fddavkov v tomto fi\u0161k\u00e1lnom roku kon\u010diacom sa v okt\u00f3bri o 60 mili\u00e1rd, \u010do predstavuje a\u017e \u201eneuverite\u013en\u00fdch\u201c 0,4 % HDP. Pod\u013ea demokratov by v\u0161ak t\u00e1to suma ohrozila ekonomick\u00e9 o\u017eivenie, a tak sa za\u010dali na\u0165ahova\u010dky, ktor\u00e9 by v pr\u00edpade nedohody skon\u010dili do\u010dasn\u00fdm odstaven\u00edm USA z finan\u010dn\u00fdch trhov.<\/p>\n<p><em>V\u00fdvoj americk\u00e9ho verejn\u00e9ho dlhu (modr\u00e1) a dlhov\u00e9ho stropu (\u010derven\u00e1) od roku 1950 (v mld. USD)<\/em><\/p>\n<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-1119\" title=\"graf\" src=\"http:\/\/gold-silver.biz\/sk\/wp-content\/uploads\/Schr_nka011.jpg\" alt=\"graf\" width=\"559\" height=\"339\" srcset=\"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-content\/uploads\/Schr_nka011.jpg 559w, https:\/\/investicnyblog.sk\/gsi\/sk\/wp-content\/uploads\/Schr_nka011-300x181.jpg 300w\" sizes=\"(max-width: 559px) 100vw, 559px\" \/><\/p>\n<p>Situ\u00e1cia, kedy si USA pod\u013ea z\u00e1kona v hist\u00f3rii nemohli po\u017ei\u010diava\u0165, preto\u017ee dlhov\u00fd limit nebol z obdobn\u00fdch d\u00f4vodov ako v s\u00fa\u010dasnosti nav\u00fd\u0161en\u00fd, sa v hist\u00f3rii vyskytla u\u017e desa\u0165kr\u00e1t, ale len raz trvala dlh\u0161ie ako t\u00fd\u017ede\u0148.<\/p>\n<p>Obamova administrat\u00edva v\u0161ak u\u017e stihla varova\u0165, ako by to vyzeralo, keby sa dlhov\u00fd strop nebol nav\u00fd\u0161en\u00fd a USA by nemohli emitova\u0165 nov\u00fd dlh:<\/p>\n<ul>\n<li>bola by zatvoren\u00e1 agent\u00fara pre v\u00fdber dan\u00ed<\/li>\n<li>boli by zatvoren\u00e9 n\u00e1rodn\u00e9 parky<\/li>\n<li>tohtov\u00edkendov\u00fd festival \u010dere\u0161\u0148ov\u00e9ho\u00a0kvetu by sa nebol uskuto\u010dnil<\/li>\n<li>zhruba 800 tis\u00edc \u0161t\u00e1tnych \u00faradn\u00edkov by nedostalo mzdy<\/li>\n<li>arm\u00e1dni\u00a0zamestnanci by nedostali\u00a0mzdy<\/li>\n<li>Agent\u00fara pre ochranu \u017eivotn\u00e9ho prostredia by prestala vyd\u00e1va\u0165 licencie<\/li>\n<li>Biely dom by musel zn\u00ed\u017ei\u0165 po\u010det zamestnancov<\/li>\n<\/ul>\n<p>Tieto argumenty len potvrdzuj\u00fa to, \u017ee horizont rozm\u00fd\u0161\u013eania politikov siaha maxim\u00e1lne do najbli\u017e\u0161ieho volebn\u00e9ho obdobia. Inak si neviem vysvetli\u0165 to, \u017ee v Bielom dome sa nesp\u00fdtali, na \u010do v\u0161etko bude musie\u0165 americk\u00e1 vl\u00e1da zastavi\u0165 financovanie, nie ke\u010f sa nenav\u00fd\u0161i dlhov\u00fd strop, ale ke\u010f sa medzi s\u00fakromn\u00fdmi investormi vytrat\u00ed ochota po\u017ei\u010diava\u0165 americkej vl\u00e1de peniaze (Fed ju zjavne nestrat\u00ed nikdy), ako je to v s\u00fa\u010dasnosti v pr\u00edpade viacer\u00fdch eur\u00f3pskych kraj\u00edn.<\/p>\n<p>Tento moment pritom v\u00f4bec nemus\u00ed by\u0165 \u010faleko, hranicu 100 percent k HDP prekon\u00e1 americk\u00fd verejn\u00fd dlh u\u017e o nieko\u013eko mesiacov, a len pripomeniem, \u017ee o portugalsk\u00e9 dlhopisy\u00a0investori\u00a0stratili z\u00e1ujem u\u017e pri \u00farovni \u0161t\u00e1tneho dlhu k HDP okolo 80 %.<\/p>\n<p>V\u0161etko napokon ale dopadlo \u201edobre.\u201c Demokrati sa republik\u00e1nmi dohodli na zn\u00ed\u017een\u00ed v\u00fddavkov o 38,5 mld. dol\u00e1rov, tohtoro\u010dn\u00fd deficit americk\u00fdch verejn\u00fdch financi\u00ed sa tak zn\u00ed\u017ei z 10,60 % na \u201eudr\u017eate\u013en\u00fdch\u201c 10,35 %. Spojen\u00e9 \u0161t\u00e1ty tak pokra\u010duj\u00fa v gr\u00e9ckej ceste, z ktorej sa im bude \u0165a\u017eko vraca\u0165, posledn\u00fa pr\u00edle\u017eitos\u0165 na obr\u00e1tenie u\u017e mo\u017eno aj premrhali. Navy\u0161e rok 2012 bude volebn\u00fdm rokom, tak\u017ee \u017eiadne v\u00fdraznej\u0161ie fi\u0161k\u00e1lne u\u0165ahovanie nie je mo\u017en\u00e9 o\u010dak\u00e1va\u0165 ani v bud\u00facom roku.<\/p>\n<p>Podobn\u00e9 argumenty ako v USA, \u017ee by ukon\u010denie vl\u00e1dnych stimula\u010dn\u00fdch opatren\u00ed malo negat\u00edvny dopad na\u00a0ekonomiku\u00a0a mohlo vies\u0165 k recesii, po\u010dujeme zo v\u0161etk\u00fdch k\u00fatov aj v Eur\u00f3pe. Samozrejme, \u017ee by viedlo, ke\u010f\u017ee HDP v euroz\u00f3ne a aj USA v s\u00fa\u010dasnosti rastie v\u00fdhradne v\u010faka\u00a0<em>rastu \u0161t\u00e1tneho zadl\u017eenia.<\/em><\/p>\n<p>Ot\u00e1zkou pre obe strany Atlantiku v\u0161ak je, \u010di je lep\u0161ie prejs\u0165 si men\u0161ou recesiou v s\u00fa\u010dasnosti, alebo celosvetovou vlnou \u0161t\u00e1tnych bankrotov (pr\u00edpadne hyperinfl\u00e1ciou) v bud\u00facnosti&#8230;<\/p>\n<p style=\"text-align: left;\"><span style=\"border-collapse: collapse;\">Autor: Kamil Boros \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Zdroj:\u00a0<a title=\"finweb.hnonline.sk\" href=\"http:\/\/finweb.hnonline.sk\/c3-51520420-kP0000_d-usa-ukazali-preco-sa-dlhova-kriza-rozsiri-span-class-koment-komentar-span\" target=\"_blank\">finweb.hnonline.sk<\/a><\/span><\/p>\n<p><strong><span style=\"font-weight: normal;\"><br \/>\n<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spojen\u00e9 \u0161t\u00e1ty pokra\u010duj\u00fa v gr\u00e9ckej ceste, z ktorej sa im bude \u0165a\u017eko vraca\u0165. Minulot\u00fd\u017ed\u0148ov\u00e9 udalosti v USA s\u00fa pekn\u00fdm pr\u00edkladom toho, pre\u010do sa dlhov\u00e1 kr\u00edza ani z\u010faleka nekon\u010d\u00ed, a pre\u010do &hellip; <a href=\"https:\/\/investicnyblog.sk\/gsi\/sk\/usa-ukazali-preco-sa-dlhova-kriza-rozsiri-komentar\/\"><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1117"}],"collection":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/comments?post=1117"}],"version-history":[{"count":2,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1117\/revisions"}],"predecessor-version":[{"id":1121,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1117\/revisions\/1121"}],"wp:attachment":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/media?parent=1117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/categories?post=1117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/tags?post=1117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}