Business
商業(yè)版塊
Inflation in America Inc
美國企業(yè)的通脹
Businesses contend with a long-forgotten problem
企業(yè)面臨著一個被遺忘已久的問題
Property insurers price policies today but face payouts a year from now. That makes their profits hostage to inflation. As swathes of America’s economy have begun rapidly reopening for business in recent weeks, thanks to falling rates of covid19 infections and rising ones of vaccination, William Berkley has been paying close attention to prices of building materials and anything found inside homes, from lamps to laptops. The replacement value of a home in America may have leapt by 20%, year on year, Mr Berkley thinks. Since the founder of WR Berkley launched his insurance firm over half a century ago, he has never witnessed a time like the past year— not even in the inflationary 1970s.
財產(chǎn)保險公司今天為保單定價,但一年后將面臨賠付。這使得他們的利潤受制于通貨膨脹。得益于新冠感染率的下降和疫苗接種率的上升,美國經(jīng)濟的大部分領(lǐng)域近幾周來已經(jīng)開始迅速恢復(fù)營業(yè),威廉·伯克利一直在密切關(guān)注建筑材料以及燈具和筆記本電腦等所有家庭用品的價格。伯克利認(rèn)為,美國房屋的重置價值可能同比增長了20%。自WR Berkley的創(chuàng)始人在半個多世紀(jì)前創(chuàng)立了保險公司以來,他從未經(jīng)歷過像去年那樣的時刻,即使是在通貨膨脹的20世紀(jì)70年代也沒有過。
Economists debate whether the rapid climb in consumer prices, which rose at an annual rate of 4.2% in April, the fastest since September 2008, will prove as enduring as 50 years ago. Input prices for producers shot up by 6.2%.
美國消費價格4月份的年增長率為4.2%,這是自2008年9月以來攀升最快的一次,但經(jīng)濟學(xué)家們?yōu)橄M價格的快速攀升是否會像50年前一樣持久而爭論不休。生產(chǎn)商的投入品價格飆升了6.2%。
The Federal Reserve insists that higher inflation will be “transitory”. Partly for that reason, chief executives of many big American companies are wary of discussing inflation in public. When Darius Adamczyk, who heads Honeywell, a huge industrial conglomerate, mentioned during an earnings call in May that inflation “is here and it is probably a lot more pronounced that people think”, his comment went viral among financial types on the internet.
美聯(lián)儲堅持認(rèn)為,更高的通脹將是“暫時的”。部分原因是,許多美國大公司的首席執(zhí)行官對在公開討論通貨膨脹持謹(jǐn)慎態(tài)度。大型工業(yè)集團霍尼韋爾Honeywell的掌門人達(dá)呂斯·阿達(dá)姆奇克在五月的一次財報電話會議上提到,通貨膨脹“已經(jīng)到來,而且可能比人們想到的要更加明顯”,他的此番評論在金融業(yè)網(wǎng)民中迅速傳開。
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