The difficult, earnest approach (which the Treasuryis keen to encourage) is to look for savings: cutting bloated programmes, firing staff, putting off big spending projects and the like.
The Treasuryis expected to take a week to set up the auctions for the first mortgage purchases, and the first purchases could therefore take place within weeks.
财政部计划用一周的时间来准备安排第一笔购买抵押贷款资产的拍卖会,因此第一笔购买交易会在几周内完成。
3
Oil seems to be putting in a bottom on strong volume, no one is left to buy any more negative real-yield securities the Treasuryis issuing, and gold has started looking very bullish.