英国央行行长贝利：非美国投资者正在重新评估他们愿意承担的美国风险程度。 ...

Group 1 - The recent weakness of the US dollar is seen as a sign of cross-border investor flows [1] - These capital movements may be related to the outlook of slowing US economic growth, but could also align with the recovery of US risk assets [1] - US risk assets have risen as dollar investors shift from government bonds back to the stock market [1] Group 2 - If non-dollar investors take on greater risks while moving away from the US market, there will be no capital inflow back into dollar assets [1] - This scenario suggests that while the US stock market may rise, the dollar remains weak [1] - Neuberger Berman forecasts a potential further decline of 3%-5% for the dollar against the euro and yen this year, with increased volatility expected [1]

Group 1 - The article highlights the unpredictability of the U.S. economic outlook, indicating a heightened risk of recession [1] - The U.S. trade policy, particularly the imposition of tariffs, has created confusion and negatively impacted market optimism and investor confidence [3] - Trust in the federal government has significantly declined among U.S. businesses and households across various sectors [3][4] Group 2 - The article discusses the global implications of the U.S. trade war initiated by President Trump, suggesting it has put the global free trade system in crisis [5] - The upcoming "reciprocal tariffs" set to be implemented from April 2 will target countries with significant trade surpluses with the U.S. and higher tariff rates [6][7] - A significant portion of the U.S. trade deficit is with Asian countries, indicating a regional concentration in trade dynamics [8] Group 3 - The article notes that countries like India, South Korea, Thailand, and Vietnam have higher tariff rates than the U.S., which could lead to shifts in the global economic order [9] - The previous U.S. administration's focus on "de-risking" supply chains has been replaced by a new narrative that escalates the trade war, posing risks to global economic security [9] - The uncertainty surrounding U.S. policies has prompted global companies to consider "de-risking" from the U.S. market [10]