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rationing\uff0c\u5373\u9650\u5236\u71c3\u6cb9\u4f9b\u5e94\u4e0e\u4f7f\u7528\uff09\u7b49\u63aa\u65bd\u3002\u5728\u83f2\u5f8b\u5bbe\uff0c\u603b\u7edf\u9a6c\u79d1\u65af\u5468\u4e8c\u8868\u793a\uff0c\u4e0d\u6392\u9664\u56e0\u822a\u7a7a\u71c3\u6cb9\u4e0d\u8db3\u800c\u51fa\u73b0\u822a\u73ed\u505c\u98de\uff08planes being grounded\uff0c\u5373\u98de\u673a\u56e0\u71c3\u6cb9\u77ed\u7f3a\u65e0\u6cd5\u8d77\u98de\uff09\u7684\u53ef\u80fd\u3002\n\n\u6fb3\u6d32\u867d\u7136\u662f\u5929\u7136\u6c14\u51c0\u51fa\u53e3\u56fd\uff08net exporter\uff0c\u5373\u51fa\u53e3\u591a\u4e8e\u8fdb\u53e3\uff09\uff0c\u4f46\u6b63\u9762\u4e34\u70bc\u6cb9\u4ea7\u54c1\u77ed\u7f3a\uff08refined petroleum shortage\uff0c\u5373\u6c7d\u6cb9\u3001\u67f4\u6cb9\u3001\u822a\u7164\u7b49\u6210\u54c1\u6cb9\u4f9b\u5e94\u4e0d\u8db3\uff09\u3002\u8fc7\u53bb\u4e00\u4e2a\u6708\uff0c\u51c0\u5356\u51fa\uff08net selling\uff0c\u5373\u5e02\u573a\u603b\u4f53\u5356\u591a\u4e8e\u4e70\uff09\u7684\u60c5\u51b5\u4e3b\u8981\u51fa\u73b0\u5728\u4e00\u5f00\u59cb\u5c31\u201c\u6301\u4ed3\u8fc7\u91cd\u201d\uff08overheld\uff0c\u5373\u5e02\u573a\u5df2\u8fc7\u5ea6\u4e70\u5165\u3001\u4ed3\u4f4d\u504f\u9ad8\uff09\u7684\u8d27\u5e01\uff1b\u800c\u9a6c\u5e01\u3001\u6cf0\u94e2\u548c\u6fb3\u5143\u88ab\u5f62\u5bb9\u4e3a\u201c\u6301\u4ed3\u504f\u8f7b\u201d\uff08underheld\uff0c\u5373\u5e02\u573a\u914d\u7f6e\u4e0d\u8db3\u3001\u4ed3\u4f4d\u504f\u4f4e\uff09\u3002\n\n\u6211\u4eec\u8bb0\u5f97\u53bb\u5e743\u6708\u4e5f\u51fa\u73b0\u7c7b\u4f3c\u60c5\u51b5\uff1a\u51b2\u7a81\u4ee4\u4e9a\u6d32\u8d27\u5e01\u5e02\u573a\u660e\u663e\u5206\u5316\u3002\u6838\u5fc3\u95ee\u9898\u662f\u80fd\u6e90\u526f\u4ea7\u54c1\u5e26\u6765\u7684\u8d38\u6613\u6761\u4ef6\u51b2\u51fb\uff0c\u66f4\u91cd\u51fb\u4e1c\u5357\u4e9a\u4e0e\u6fb3\u6d32\u7ecf\u6d4e\u4f53\uff0c\u800c\u5317\u4e9a\u53d7\u5f71\u54cd\u76f8\u5bf9\u8f83\u5c0f\u30022025\u5e74\u51fa\u73b0\u7684\u8fd9\u79cd\u5206\u5316\uff0c\u81f3\u4eca\u4ecd\u5f71\u54cd\u6211\u4eec\u7684\u4ea4\u6613\u90e8\u7f72\u3002\n\n<h3>\u4ea4\u6613\u90e8\u7f72\u542b\u4e49<\/h3>\n\u50cf\u6cf0\u94e2\u4e0e\u83f2\u5f8b\u5bbe\u62ab\u7d22\u8fd9\u7c7b\u80fd\u6e90\u8fdb\u53e3\u56fd\u8d27\u5e01\uff0c\u786e\u5b9e\u57282025\u5e74\u7b2c\u4e8c\u3001\u7b2c\u4e09\u5b63\u660e\u663e\u8f6c\u5f31\u30022025\u5e74\u7b2c\u56db\u5b63\u6570\u636e\u663e\u793a\uff0c\u83f2\u5f8b\u5bbe\u7ecf\u5e38\u8d26\u6237\u8d64\u5b57\uff08current account deficit\uff0c\u5373\u8d27\u7269\u3001\u670d\u52a1\u3001\u6295\u8d44\u6536\u76ca\u4e0e\u8f6c\u79fb\u6536\u652f\u5408\u8ba1\u540e\u7684\u5bf9\u5916\u6536\u652f\u7f3a\u53e3\uff09\u6269\u5927\u81f3GDP\u76844.2%\uff0c\u4e3a\u5341\u591a\u5e74\u6765\u6700\u9ad8\uff0c\u53cd\u6620\u8fdb\u53e3\u6210\u672c\u6301\u7eed\u5e26\u6765\u7684\u538b\u529b\uff0c\u4e5f\u5370\u8bc1\u6211\u4eec\u6b64\u524d\u9884\u671f\u7684\u56fd\u9645\u6536\u652f\u7d27\u5f20\u3002\n\n\u8fd9\u79cd\u6301\u7eed\u5206\u5316\uff0c\u610f\u5473\u7740\u53ef\u90e8\u7f72\u4ea4\u6613\u6765\u53d7\u76ca\u4e8e\u5317\u4e9a\u97e7\u6027\u3001\u5bf9\u51b2\u4e1c\u5357\u4e9a\u8106\u5f31\u6027\u3002\u6211\u4eec\u8ba4\u4e3a\u53ef\u7528\u671f\u6743\uff08options\uff0c\u5373\u5728\u672a\u6765\u6309\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5356\u7684\u6743\u5229\uff09\u5efa\u7acb\u7b56\u7565\uff1a\u505a\u7a7a\u83f2\u5f8b\u5bbe\u62ab\u7d22\u3001\u5bf9\u53f0\u5e01\uff08TWD\/PHP\uff09\u3002\u8fd9\u79cd\u7ed3\u6784\u80fd\u66f4\u805a\u7126\u533a\u57df\u4e3b\u9898\uff0c\u540c\u65f6\u964d\u4f4e\u5bf9\u7f8e\u5143\u6574\u4f53\u6ce2\u52a8\u7684\u66dd\u9669\uff08exposure\uff0c\u5373\u98ce\u9669\u655e\u53e3\uff09\u3002\n\n\u53c2\u80032022\u5e74\u80fd\u6e90\u5371\u673a\u7b49\u5386\u53f2\u7ecf\u9a8c\uff0c\u4f9d\u8d56\u8fdb\u53e3\u7684\u56fd\u5bb6\u5176\u8d27\u5e01\u8d70\u5f31\u5f80\u5f80\u4f1a\u5728\u4ef7\u683c\u51b2\u51fb\u540e\u6301\u7eed\u3002\u5176\u592e\u884c\u9700\u5728\u4e24\u8005\u95f4\u53d6\u820d\uff1a\u4ee5\u9ad8\u5229\u7387\u652f\u6491\u6c47\u7387\uff0c\u6216\u523a\u6fc0\u653e\u7f13\u7684\u7ecf\u6d4e\u3002\u6cf0\u56fd\u8fd1\u671f\u901a\u80c0\u6570\u636e\uff08inflation\uff0c\u5373\u7269\u4ef7\u6da8\u5e45\uff09\u663e\u793a\uff0c2026\u5e742\u6708\u4e3a1.8%\uff0c\u4f4e\u4e8e\u9884\u671f\uff0c\u4ee4\u592e\u884c\u66f4\u53ef\u80fd\u4f18\u5148\u8003\u8651\u589e\u957f\uff0c\u8fd9\u6216\u5bf9\u6cf0\u94e2\u4e0d\u5229\u3002\n\n\u5bf9\u884d\u751f\u54c1\u4ea4\u6613\u8005\uff08derivative traders\uff0c\u5373\u4ea4\u6613\u671f\u8d27\u3001\u671f\u6743\u7b49\u91d1\u878d\u884d\u751f\u5de5\u5177\u7684\u4eba\uff09\u6765\u8bf4\uff0c\u4e70\u5165\u9a6c\u5e01\u4e0e\u6cf0\u94e2\u5151\u7f8e\u5143\u7684\u770b\u8dcc\u671f\u6743\uff08put options\uff0c\u5373\u5728\u5230\u671f\u524d\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u7684\u6743\u5229\uff0c\u7528\u4e8e\u62bc\u6ce8\u4e0b\u8dcc\u6216\u5bf9\u51b2\uff09\u4ecd\u662f\u53ef\u884c\u7684\u5bf9\u51b2\uff08hedge\uff0c\u5373\u964d\u4f4e\u98ce\u9669\uff09\u65b9\u5f0f\u3002\u8fd9\u4e9b\u8d27\u5e01\u5bf9\u7684\u9690\u542b\u6ce2\u52a8\u7387\uff08implied volatility\uff0c\u5373\u671f\u6743\u4ef7\u683c\u53cd\u6620\u7684\u5e02\u573a\u9884\u671f\u6ce2\u52a8\uff09\u4ecd\u9ad8\u4e8e\u4e94\u5e74\u5747\u503c\uff0c\u663e\u793a\u5e02\u573a\u4ecd\u5728\u8ba1\u4ef7\u4e0e\u80fd\u6e90\u5b89\u5168\u76f8\u5173\u7684\u672a\u6765\u98ce\u9669\u3002\u8003\u8651\u5230\u4e0d\u786e\u5b9a\u6027\u4ecd\u5728\uff0c\u6211\u4eec\u8ba4\u4e3a\u4ed8\u51fa\u8fd9\u7c7b\u671f\u6743\u6210\u672c\uff08premium\uff0c\u5373\u671f\u6743\u6743\u5229\u91d1\uff09\u662f\u5408\u7406\u7684\u3002\n\n\u76f8\u5bf9\u4e4b\u4e0b\uff0c\u6fb3\u5143\u76ee\u524d\u7684\u60c5\u51b5\u6bd42025\u5e74\u66f4\u590d\u6742\u3002\u53bb\u5e74\u6210\u54c1\u6cb9\u77ed\u7f3a\u662f\u4e3b\u8981\u9006\u98ce\uff0c\u4f462026\u5e741\u6708\u8d38\u6613\u6570\u636e\u663e\u793a\uff0c\u52a0\u5de5\u54c1\u51fa\u53e3\uff08processed 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