This is most evident in the US, where markets love the Federal Reserve’s trifecta of near-zero policy interest rates (negative in real terms), aggressive forward policy guidance, and asset purchases – all of which push investors to take more risk. Markets also welcome the fact that the Fed’s hyperactive experimentation is forcing other central banks around the world to pursue more expansionary policies.
美国尤其如此，市场非常欢迎美联储延长近零利率（负真实利率）政策、激进的政策指导以及资产购买方案的三管齐下——所有这些都让投资者更多地承担风险。美联储的积极动作正迫使世界其他央行采取更宽松的政策，市场对这一事实也非常欢迎。