现阶段,美国房地产的价格走势直接影响美国货币当局的政策趋向,进而对中国的房地产市场和股票市场产生重要的影响。以前我们在研究泡沫经济的时候,总是习惯从一国内部的金融、财政税收等宏观经济政策的角度去分析泡沫产生及破灭的原因。但其实每一次泡沫事件总是与外界因素的影响有密切的关系,国际因素对一国经济泡沫的产生起着非常重要的作 At this stage, the price movements of real estate in the United States have a direct impact on the policy tendency of U.S. monetary authorities, which in turn has a significant impact on China’s real estate market and stock market. In the past when we were studying the bubble economy, we always used to analyze the causes of the bubble from the perspective of macroeconomic policies such as financial and fiscal taxes in a country. However, in fact, every bubble event is always closely related to the impact of external factors. International factors play a very important role in the economic bubble in a country