#Opinion by Li Ruofan 李若凡|"As for risk assets, although rising US Treasury yields may cause volatility, especially for technology stocks that are sensitive to interest rates, I do not see that as a sign of a bear market. Rather, it suggests a risk-on mood may prevail in the market. For one thing, the Fed and other central banks may maintain a loose policy, thus creating a low interest rate environment. Besides, the traditional economy may benefit from gradual economic recovery and the easing of lockdown measures. Third, although the real rate of return of 10-year US Treasuries has increased, the rate remains negative, meaning the rate of return of risk assets is still attractive."
Read more: https://bit.ly/3chSBbN
"至於風險資產,儘管美債收益率上升可能引起波動,尤其是對利率敏感的科技股,惟筆者認為這並非熊市的先兆。反而,市場的情緒仍可能偏向risk-on。首先,美聯儲和其他主要央行短期內可能維持寬鬆政策不變,為投資者繼續營造一個低息環境。其次,隨經濟復蘇及封鎖措施解除,舊經濟板塊可能受惠。第三,美國10年期實際收益率雖有所上升,但仍處於負值,意味風險資產的收益率仍然吸引。"
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同時也有9部Youtube影片,追蹤數超過9萬的網紅Shiney,也在其Youtube影片中提到,Prey พากย์ไทย แปลไทย เนื้อเรื่อง Prey is a first-person shooter video game developed by Arkane Studios and published by Bethesda Softworks. The game ...
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return on assets 在 Eric's English Lounge Facebook 的精選貼文
[時事英文]金價創新高!
嗯……黃金聖鬥士的盔甲現在應該值蠻多💰💰💰
★★★★★★★★★★★★
《華爾街日報》:
💰 Gold has piqued the interest of Warren Buffett, whose Berkshire Hathaway Inc. BRK.B -0.60% has bought shares in Canadian mining company Barrick Gold Corp. The move brings the spotlight back on the precious metal, which notched new records this month, soaring above $2,000 a troy ounce for the first time in New York trading. The price of gold has jumped 30% in 2020—outstripping the rally in the technology-heavy Nasdaq Composite Index—in a bull run that began in late 2018 and has gathered momentum during the coronavirus pandemic.
1. piqued the interest of 激起;刺激…的興趣
2. share (n.) 股票;股份
3. a mining company 礦業公司
4. precious metal 貴金屬
5. notch (v.) 贏得 ; notch something ↔ up phrasal verb
to achieve something, especially a victory or a particular total or score: https://bit.ly/2YmZbpX
6. soar (v.) above 猛增;暴漲高於
7. troy ounce 金衡盎司(31.1048公克);金衡啢
8. outstrip (在數量、程度或成就上)超過,勝過
9. Nasdaq Composite Index 納斯達克綜合指數
10. a bull market 牛市
11. the coronavirus pandemic 新冠病毒全球大流行疫情
黃金已經激起巴菲特的興趣,他的波克夏公司買進了加拿大礦業公司巴里克黃金公司的股票。此舉讓人重新聚焦黃金。金價本月創下紀錄新高,在紐約市場交易中首次飆升至每金衡盎司2千美元以上。黃金這波牛市始自2018年末,並在新冠疫情期間積聚了動能,金價2020年迄今已上漲30%,超過以科技股為主的納斯達克綜合指數的同期漲幅。
★★★★★★★★★★★★
💰Why are gold prices soaring?
The main reason is this year’s precipitous drop in yields on U.S. Treasurys to levels below the expected pace of inflation. Unlike bonds or bank deposits, gold doesn’t pay any income. As a result, owning gold means missing out on yields from other assets when interest rates are high. When real yields are negative, gold’s lack of yield becomes a strength.
12. a precipitous drop (n) 大幅下跌
13. yield (n.) 收益 ; (v.) 產生;出產;得出
14. inflation 通貨膨脹
15. bonds 債券;公債
16. deposit(尤指銀行帳戶的)存款
💰金價為何飆漲
主要原因是今年以來美國國債收益率大幅下跌,跌至低於預期通膨率的水平。與債券或銀行存款不同,黃金並非孳息資產。因此,當利率居於高位之際,持有黃金就意味著錯失其他資產的收益。當實際收益率為負時,黃金不支付利息就成為一種優勢。
★★★★★★★★★★★★
💰Will gold prices keep rising?
Gold prices tend to overshoot, according to Fergal O’Connor, an economist at University College Cork who has studied the market’s history. Still, he expects them to fall back to a higher level than they were before the pandemic because institutional investors are adding to their gold holdings, removing a chunk of available supply. The return of jewelry demand in China and India could also boost prices.
17. tend to 傾向;易於;往往會
18. overshoot (v.) 超過;超越
19. economist 經濟學家
20. fall back to 後退;撤退到
21. institutional investor 機構的投資者
22. a chunk of ……的很大一部分
23. boost 推動;促進
💰 金價還會繼續上漲嗎?
科克大學研究黃金市場歷史的經濟學家康納表示,金價往往會過度上漲。不過,他預計,即便金價出現回落,也將高於新冠疫情暴發前的水平,因為機構投資者正在增持黃金,從而吸收了市面上很大一部分可用供應。此外,中國和印度對黃金飾品的需求回暖,可能也會提振價格。
★★★★★★★★★★★★
💰Is gold a commodity or a currency?
Both. Gold is a commodity in that it derives its value, in part, from its use in products like jewelry. Gold is also a currency. For millennia, the metal has functioned as a store of value, unit of account and medium of exchange. Bullion played a foundational role in the monetary system from 1717, when Isaac Newton, master of England’s Mint, established a price ratio between gold and silver, to 1971, when President Nixon ended the convertibility of dollars into the precious metal. Though gold stopped underpinning exchange rates after the “Nixon Shock,” the metal still plays a part in currency markets.
24. commodity 商品;日用品
25. currency 貨幣
26. millennia 一千年;千周年
27. a medium of exchange 交易的媒介
28. bullion 金銀條;金銀塊
29. play an important role/part in 在……中起重要的作用 ; 在……扮演重要的角色
30. monetary system 貨幣體系;貨幣制度
31. mint (n.) 鑄幣廠 ; (v.) 鑄造(硬幣)
32. a price ratio 價格比
33. convertibility 可兌性
34. underpin (v.) 支撐;加強;鞏固;構成(基礎)
💰黃金是商品還是貨幣?
兩者皆是。黃金是一種商品,因其價值部分來自在珠寶等產品中的使用。
黃金也是一種通貨。在數千年的時間裡,黃金一直起著價值儲存、記帳單位和交換媒介的作用。1717年英國鑄幣局局長牛頓確定了金銀的價格比後,黃金一直在貨幣系統中起到基礎作用,直到1971年美國總統尼克森讓美元與黃金脫鉤。雖然經歷尼克森震撼後,黃金不再支撐匯率,但仍在貨幣市場中扮演重要角色。
《華爾街日報》完整內容:https://on.wsj.com/3gdTvol
★★★★★★★★★★★★
📰 華爾街日報訂閱方案: https://bit.ly/39ULVh1
🎓 華爾街日報獎助學金計畫 (A20): https://bit.ly/2C2tUAI
★★★★★★★★★★★★
時事英文講義:https://bit.ly/2XmRYXc
return on assets 在 李怡 Facebook 的最讚貼文
To DQ or To Postpone? (Lee Yee)
To DQ or To Postpone? That’s probably the ultimate question for the Liaison Office of the Central People’s Government and Carry Lam around the issue of the Legislative Council (LegCo) Election right now.
Since the waterloo of the District Council Election, the Hong Kong and Macau Affairs Office, the Liaison Office of the Central People’s Government, and the Constitutional Affairs Bureau have all been restructured. The Chinese and Hong Kong Communists are ensuring that there will not be a slip in the LegCo Election in September. Forcing the National Security Law was to use the law to screen the candidates, but they had not foreseen the international backlash and that would place China under siege from all around. Moreover, Hongkongers have not retreated despite the threats of the National Security Law, but rather, a large number of youngsters from the resistance camp ended up winning in the pro-democracy primaries.
A month ago, US Secretary of State Pompeo called the September LegCo Election in Hong Kong an important indicator of whether the Election can be held smoothly, and to observe whether China is respecting Hong Kong’s freedom. In other words, if the Carrie Lam administration uses the National Security Law as a threshold to disqualify a large number of Hongkongers’ rights to be elected, the US is bound to employ more aggressive measures against China and Hong Kong.
As a result, the Chinese and Hong Kong Communists are directing their efforts in these two days to spread the word regarding the increasing severity of the epidemic, which would increase the likelihood of the virus being spread in crowded polling stations, and therefore suggested for a postponement of the Election. The truth was told by Tam Yiu-chung, who said, “Those who moved to the Greater Bay Area will need to quarantine for 14 days when they return to Hong Kong, but they don’t have a place to stay. Indeed, we’ve seen truckloads after truckloads of “voters” coming to Hong Kong from the mainland, so what will happen now?
However, the pro-democracy primaries also attracted huge crowds, but none of the recent confirmed cases contracted the virus from being in line to vote; Singapore has a worse epidemic situation than Hong Kong, but the general election was held as usual. Therefore, whether it is to disqualify through the national security law, or to postpone with the epidemic as an excuse, the US is bound to view whether the LegCo Election gets to happen as a significant indicator of Hong Kong’s freedom. For the Chinese and Hong Kong Communists, both disqualifications and postponement would lead to a dead end.
Those who are interested in running for LegCo should not worry about whether to sign the confirmation letter or not. In the nomination form, there is already a provision: “I will uphold the Basic Law and pledge allegiance to the Hong Kong Special Administrative Region.” The additional confirmation letter added in 2016 is nothing more than a regurgitation of requiring candidates to confirm their support for Articles 1, 12, and 159 (4) of the Basic Law, which is already stated in the nomination and no need to additional confirmation. In 2016, those who signed the confirmation letter were still disqualified, and all the pan-democratic candidates who refused to sign the confirmation letter received the notice of nomination confirmation.
The National Security Law in Annex III of the Basic Law may be added to this year’s confirmation letter. Being disqualified will have nothing to do with the signing or not of the confirmation letter, but rather, whether the Returning Officer is willing to risk being disqualified (sanctioned) by the US, and whether the Chinese and Hong Kong Communists are concerned about the increased sanctions imposed by the US.
As the US election gets closer, its China policy gets tougher, and the polling of both parties benefits. The day before yesterday, Pompeo met with Nathan Law, a former standing committee member of Demosistō in exile, to discuss the Hong Kong situation under the National Security Law. Before the meeting, Pompeo said that he expected the exchange with Nathan Law to be “eye-opening”.
Pompeo also discussed the Hong Kong issue with British Prime Minister Boris Johnson. Previously, the UK canceled the extradition agreement with Hong Kong and announced that it would stop using Huawei equipment in the construction of the 5G network.
When Nathan Law met with the Shadow Foreign Minister of the Labour Party and the Minister of Asian Affairs of the ruling Conservative Party before July 1, he urged the British to use the Magnitsky Act to sanction Hong Kong’s “officials who betrayed Hong Kong, and the dirty cops”. 17 Canadian parliamentarians jointly petitioned for Prime Minister Trudeau to impose urgent sanctions on relevant Chinese and Hong Kong officials. Carrie Lam said, “I have no assets in the US and I don’t want to go to the US.” So “I’m not afraid”, but that would not be the case for the UK and Canada.
The night before last, a fire broke out in the Chinese Consulate General in Houston, which might have been caused by the burning of classified documents. The US required China to close the Consulate within 72 hours. Global Times editor-in-chief Hu Xijin called that a “crazy action” again on his Weibo account. This is yet another time, since the possible ban of Chinese Communists from entering the US, for him to use the word “crazy” on US measures against China.
“Birds born in a cage think flying is an illness.” All measures to safeguard human freedom are “crazy” if you ask the “birds born in a cage”. All “crazy” measures that have been imposed, and all the more to come, are all because of that National Security Law that flabbergasted the civilized world.
return on assets 在 Shiney Youtube 的最佳解答
Prey พากย์ไทย แปลไทย เนื้อเรื่อง
Prey is a first-person shooter video game developed by Arkane Studios and published by Bethesda Softworks. The game was released worldwide on 5 May 2017, for Microsoft Windows, PlayStation 4 and Xbox One.
In Prey, the player controls Morgan Yu while exploring the space station Talos I, in orbit around Earth–Moon L2, where they had been researching a hostile alien species called the Typhon. As the Typhon escape confinement, the player uses a variety of weapons and abilities derived from the Typhon to avoid being killed by the aliens while looking to escape the station. The player gains access to areas of the station by acquiring key items and abilities, eventually allowing the player to fully explore the station in an open world setting.
Arkane's Prey is largely unrelated to the 2006 game Prey developed by Human Head Studios, and is considered a reimagining of the intellectual property set in a wholly new narrative. While Prey 2, a sequel to the 2006 game, had been planned by Human Head, it fell into development hell following transfer of the intellectual property from 3D Realms to Bethesda Softworks, and was eventually cancelled in 2014. Arkane's game does not use any of the planned sequel's assets, and only incorporates the previous game's name and the broad theme of the protagonist being hunted by aliens. Arkane built Prey as a spiritual sequel to System Shock, providing the player with several potential means of progressing within the game.
Prey is a survival horror first-person shooter with role-playing and stealth elements set in an open world environment. The player takes the role of Morgan Yu, a human aboard a space station with numerous species of hostile aliens known collectively as the Typhon. The player is able to select certain attributes of Morgan, including gender, and decisions made by the player that affects elements of the game's story. To survive, the player must collect and use weapons and resources aboard the station to fend off and defeat the Typhon. According to creative director Raphaël Colantonio, the station is completely continuous rather than having separate levels or missions, at times requiring the player to return to areas they previously explored. The player is also able to venture outside of the station in space and find shortcuts connecting parts of the station. Colantonio also stated that the aliens have an array of different powers that the player character can gain over time; one such alien has the ability to shape shift into everyday items, such as a chair.
The game has multiple endings, according to lead designer Ricardo Bare; the endings fall into three major narrative structures depending on how the player broadly interacted with the station and surviving humans, but Bare said there are "tons of little permutations" based on specific events.
![post-title](https://i.ytimg.com/vi/oeUac1nHUAo/hqdefault.jpg)
return on assets 在 Shiney Youtube 的精選貼文
Prey พากย์ไทย แปลไทย เนื้อเรื่อง
Prey is a first-person shooter video game developed by Arkane Studios and published by Bethesda Softworks. The game was released worldwide on 5 May 2017, for Microsoft Windows, PlayStation 4 and Xbox One.
In Prey, the player controls Morgan Yu while exploring the space station Talos I, in orbit around Earth–Moon L2, where they had been researching a hostile alien species called the Typhon. As the Typhon escape confinement, the player uses a variety of weapons and abilities derived from the Typhon to avoid being killed by the aliens while looking to escape the station. The player gains access to areas of the station by acquiring key items and abilities, eventually allowing the player to fully explore the station in an open world setting.
Arkane's Prey is largely unrelated to the 2006 game Prey developed by Human Head Studios, and is considered a reimagining of the intellectual property set in a wholly new narrative. While Prey 2, a sequel to the 2006 game, had been planned by Human Head, it fell into development hell following transfer of the intellectual property from 3D Realms to Bethesda Softworks, and was eventually cancelled in 2014. Arkane's game does not use any of the planned sequel's assets, and only incorporates the previous game's name and the broad theme of the protagonist being hunted by aliens. Arkane built Prey as a spiritual sequel to System Shock, providing the player with several potential means of progressing within the game.
Prey is a survival horror first-person shooter with role-playing and stealth elements set in an open world environment. The player takes the role of Morgan Yu, a human aboard a space station with numerous species of hostile aliens known collectively as the Typhon. The player is able to select certain attributes of Morgan, including gender, and decisions made by the player that affects elements of the game's story. To survive, the player must collect and use weapons and resources aboard the station to fend off and defeat the Typhon. According to creative director Raphaël Colantonio, the station is completely continuous rather than having separate levels or missions, at times requiring the player to return to areas they previously explored. The player is also able to venture outside of the station in space and find shortcuts connecting parts of the station. Colantonio also stated that the aliens have an array of different powers that the player character can gain over time; one such alien has the ability to shape shift into everyday items, such as a chair.
The game has multiple endings, according to lead designer Ricardo Bare; the endings fall into three major narrative structures depending on how the player broadly interacted with the station and surviving humans, but Bare said there are "tons of little permutations" based on specific events.
![post-title](https://i.ytimg.com/vi/WGgRE0s-YuI/hqdefault.jpg)
return on assets 在 Shiney Youtube 的最讚貼文
Prey พากย์ไทย แปลไทย เนื้อเรื่อง
Prey is a first-person shooter video game developed by Arkane Studios and published by Bethesda Softworks. The game was released worldwide on 5 May 2017, for Microsoft Windows, PlayStation 4 and Xbox One.
In Prey, the player controls Morgan Yu while exploring the space station Talos I, in orbit around Earth–Moon L2, where they had been researching a hostile alien species called the Typhon. As the Typhon escape confinement, the player uses a variety of weapons and abilities derived from the Typhon to avoid being killed by the aliens while looking to escape the station. The player gains access to areas of the station by acquiring key items and abilities, eventually allowing the player to fully explore the station in an open world setting.
Arkane's Prey is largely unrelated to the 2006 game Prey developed by Human Head Studios, and is considered a reimagining of the intellectual property set in a wholly new narrative. While Prey 2, a sequel to the 2006 game, had been planned by Human Head, it fell into development hell following transfer of the intellectual property from 3D Realms to Bethesda Softworks, and was eventually cancelled in 2014. Arkane's game does not use any of the planned sequel's assets, and only incorporates the previous game's name and the broad theme of the protagonist being hunted by aliens. Arkane built Prey as a spiritual sequel to System Shock, providing the player with several potential means of progressing within the game.
Prey is a survival horror first-person shooter with role-playing and stealth elements set in an open world environment. The player takes the role of Morgan Yu, a human aboard a space station with numerous species of hostile aliens known collectively as the Typhon. The player is able to select certain attributes of Morgan, including gender, and decisions made by the player that affects elements of the game's story. To survive, the player must collect and use weapons and resources aboard the station to fend off and defeat the Typhon. According to creative director Raphaël Colantonio, the station is completely continuous rather than having separate levels or missions, at times requiring the player to return to areas they previously explored. The player is also able to venture outside of the station in space and find shortcuts connecting parts of the station. Colantonio also stated that the aliens have an array of different powers that the player character can gain over time; one such alien has the ability to shape shift into everyday items, such as a chair.
The game has multiple endings, according to lead designer Ricardo Bare; the endings fall into three major narrative structures depending on how the player broadly interacted with the station and surviving humans, but Bare said there are "tons of little permutations" based on specific events.
![post-title](https://i.ytimg.com/vi/uRV-0gFDxkw/hqdefault.jpg)
return on assets 在 Return on Assets & ROA Formula - Corporate Finance Institute 的相關結果
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return on assets 在 Return on Assets (ROA) Definition - Investopedia 的相關結果
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