近期,全球大宗商品市场出现大幅上扬。支撑本轮国际价格上涨的因素到底是什么?看似繁荣的背后又隐藏着什么样的危机?上涨背后的“负利率”政策从根本上看,此轮大宗商品价格上涨并非经济需求复苏导致的。在全球经济增长停滞,各大经济体持续货币宽松,主要央行步入负利率时代的大背景下,追逐短期利润甚至是生息资产回报,成为一种必然趋势。 Recently, the global commodity markets have risen sharply. What is the reason behind the rise of international prices? What kind of crisis is hidden behind the seeming prosperity? The “negative interest rate” policy behind the rise Fundamentally, this round of rising commodity prices is not caused by the recovery in economic demand of. Under the background of global economic stagnation, major economies continuing monetary easing and major central banks stepping into the era of negative interest rates, it has become an inevitable trend to chase short-term profits and even interest-earning assets returns.