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2021-05-27

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Inflation will be 'brutal' in short run: Legendary investor Bruce Greenwald<blockquote>传奇投资者布鲁斯·格林沃尔德：短期内通货膨胀将是“残酷的”</blockquote>

Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed

Inflation will be 'brutal' in short run: Legendary investor Bruce Greenwald<blockquote>传奇投资者布鲁斯·格林沃尔德：短期内通货膨胀将是“残酷的”</blockquote>

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":135072526,"tweetId":"135072526","gmtCreate":1622124270665,"gmtModify":1634183641999,"author":{"id":3574241898440153,"idStr":"3574241898440153","authorId":3574241898440153,"authorIdStr":"3574241898440153","name":"MichaelBlade","avatar":"https://static.tigerbbs.com/6317a928cb6941f88729518819c7aa7d","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Gggg</body></html>","htmlText":"<html><head></head><body>Gggg</body></html>","text":"Gggg","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/135072526","repostId":1136302481,"repostType":4,"repost":{"id":"1136302481","kind":"news","pubTimestamp":1622124201,"share":"https://www.laohu8.com/m/news/1136302481?lang=zh_CN&edition=full","pubTime":"2021-05-27 22:03","market":"us","language":"en","title":"Inflation will be 'brutal' in short run: Legendary investor Bruce Greenwald<blockquote>传奇投资者布鲁斯·格林沃尔德：短期内通货膨胀将是“残酷的”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136302481","media":"finance.yahoo","summary":"Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed ","content":"Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed the threat of inflation, despite a recent report that showed in April the Consumer Price Index (CPI) increased at itsfastest rate in more than a decade.<blockquote>尽管最近的一份报告显示4月份消费者价格指数（CPI）以十多年来最快的速度上涨，但美联储官员本周重申了对宽松货币政策的支持，并淡化了通胀威胁。</blockquote>The stay-the-course approach from Fed officials defies criticism from some economists on the left and right over fears of a persistent spike in inflation that could derail the economic recovery.<blockquote>美联储官员坚持到底的做法无视一些左翼和右翼经济学家的批评，他们担心通胀持续飙升可能会破坏经济复苏。</blockquote>Such critics rightly worry about continued inflation but misunderstand what's causing it, according to legendary investor and Columbia Business School Professor Bruce Greenwald.<blockquote>传奇投资者、哥伦比亚商学院教授布鲁斯·格林沃尔德表示，这些批评者对持续通胀的担忧是正确的，但误解了通胀的原因。</blockquote>In a new interview, Greenwald — whom The New York Times oncecalled\"a guru to Wall Street's gurus\" — says inflation will continue to be \"brutal\" in the short run but it has nothing to do with monetary or even fiscal policy. Because Fed policies didn't cause the inflation spike, the central bank lacks the capacity to rein it in, he said.<blockquote>格林沃尔德——曾被《纽约时报》称为“华尔街大师的大师”——在一次新的采访中表示，短期内通胀将继续“残酷”，但这与货币甚至财政政策无关。他表示，由于美联储政策并未导致通胀飙升，因此央行缺乏控制通胀的能力。</blockquote>Instead, Greenwald says the Biden administration's support of a waiver of intellectual property rights for COVID-19 vaccines \"scared the crap\" out of companies that fear adverse government intervention in their day-to-day business. In turn, companies have raised prices to get ahead of other potential government actions, Greenwald said.<blockquote>相反，格林沃尔德表示，拜登政府对放弃COVID-19疫苗知识产权的支持让那些担心政府对其日常业务进行不利干预的公司“吓得屁滚尿流”。格林沃尔德说，反过来，公司提高了价格，以领先于其他潜在的政府行动。</blockquote>\"I think in the short run, [inflation] is going to be brutal,\" Greenwald tells Yahoo Finance.<blockquote>“我认为从短期来看，[通货膨胀]将是残酷的，”格林沃尔德告诉雅虎财经。</blockquote>'Fiscal policy has never worked particularly well'<blockquote>“财政政策从来没有特别有效”</blockquote>Speaking to Yahoo Finance's Brian Cheung, Federal Reserve Vice Chair Richard Clarida on Tuesdayacknowledged the \"risk case\" of persistent inflationbut said the Fed could \"offset\" such pressures if necessary.<blockquote>美联储副主席理查德·克拉里达周二在接受雅虎财经采访时承认了持续通胀的“风险案例”，但表示如有必要，美联储可以“抵消”此类压力。</blockquote>Greenwald, a professor emeritus at Columbia Business School, sharply disagrees with that view. Loose monetary policy isn't the cause of inflation, since the Fed's approach began at the outset of the pandemic but inflation only took hold in recent months, Greenwald said.<blockquote>哥伦比亚商学院名誉教授格林沃尔德强烈反对这一观点。格林沃尔德表示，宽松的货币政策并不是通胀的原因，因为美联储的做法始于疫情爆发之初，但通胀直到最近几个月才出现。</blockquote>\"When we gave all this extraordinary monetary expansion, all the quantitative easing of buying bonds and so on, it had no detectable effect on the macro economy,\" he says.<blockquote>“当我们实施所有这些非同寻常的货币扩张、购买债券的量化宽松等等时，对宏观经济没有明显的影响，”他说。</blockquote>\"It strikes me as very odd to think monetary policy, at least, is going to have any effect on it going forward, which means that [if] inflation takes off, we're going to have a tough time controlling it with monetary policy,\" he adds. \"Fiscal policy has never worked particularly well.\"<blockquote>“我觉得很奇怪，认为货币政策至少会对其未来产生任何影响，这意味着[如果]通货膨胀起飞，我们将很难通过货币政策来控制它政策，”他补充道。“财政政策从来都不是特别管用。”</blockquote>Since last March, the Fed has undertaken a loose policy of near-zero interest rates and the purchase of $120 billion in bonds each month. Economic observers have widely credited the monetary policy — along with trillions in fiscal stimulus — for softening the downturn caused by the pandemic.<blockquote>自去年3月以来，美联储采取了接近零利率的宽松政策，每月购买1200亿美元的债券。经济观察人士普遍认为货币政策以及数万亿美元的财政刺激措施缓解了疫情造成的经济衰退。</blockquote>But some economists, like former Treasury Secretary Larry Summers, warn that the hot economy is ripe for ongoing inflation. The Biden administration is closely monitoring inflationary pressures but so far has determined that the trend will be temporary,The New York Times reportedlast month.<blockquote>但一些经济学家，如前财政部长拉里·萨默斯警告说，火热的经济引发持续通胀的时机已经成熟。据《纽约时报》上个月报道，拜登政府正在密切关注通胀压力，但迄今为止已确定这一趋势将是暂时的。</blockquote>The Bureau of Economic Analysis on Friday willrelease new inflation datawith the Personal Consumption Expenditures (PCE) Index figures for April. That index rose 2.3% in March, after jumping just 1.5% in February.<blockquote>经济分析局周五将发布新的通胀数据以及4月份个人消费支出（PCE）指数数据。该指数继2月份仅上涨1.5%后，3月份上涨2.3%。</blockquote><img src=\"https://static.tigerbbs.com/cbeb4f89a50d128dfd1ff8961ad554d5\" tg-width=\"705\" tg-height=\"473\" referrerpolicy=\"no-referrer\">According to a Morning Consult survey of 2,200 adult shoppers, one-third of those surveyed say that they are paying more for groceries, especially red meat and chicken. (Photo by Justin Sullivan/Getty Images)More<blockquote>根据Morning Consult对2,200名成年购物者的调查，三分之一的受访者表示，他们正在为食品杂货支付更多费用，尤其是红肉和鸡肉。（贾斯汀·沙利文/盖蒂图片社摄）更多</blockquote>Speaking to Yahoo Finance, Greenwald said the primary cause of recent inflation is the U.S. decision earlier this month tosupport a waiver of intellectual property protectionon the COVID-19 vaccine. The Biden administration took the position in order to make available generic, affordable versions of the vaccine.<blockquote>格林沃尔德在接受雅虎财经采访时表示，近期通胀的主要原因是美国本月早些时候决定支持放弃对COVID-19疫苗的知识产权保护。拜登政府采取这一立场是为了提供通用的、负担得起的疫苗版本。</blockquote>\"I think the event was actually not monetary or fiscal policy,\" he says. \"I think it was the vacating of the vaccine patents.\"<blockquote>“我认为这一事件实际上与货币或财政政策无关，”他说。“我认为这是疫苗专利的撤销。”</blockquote>Amnesty International and Human Rights Watchcalled for the waiverlast December, and the Biden administration began considering it in April,Reuters reported. Despite U.S. support for the waiver, negotiations at the World Trade Organizationface significant oppositionfrom some member countries and could take months to complete.<blockquote>据路透社报道，国际特赦组织和人权观察组织去年12月呼吁豁免，拜登政府于4月开始考虑。尽管美国支持豁免，但世界贸易组织的谈判仍面临一些成员国的强烈反对，可能需要几个月的时间才能完成。</blockquote>But the unusual U.S. intervention in intellectual property protection scared companies and drove a hike in prices, Greenwald said.<blockquote>但格林沃尔德表示，美国对知识产权保护的不同寻常的干预吓坏了公司，并推动了价格上涨。</blockquote>\"I think businesses are going to look at that and say, 'Holy s***, these guys are not my friends, I got to protect myself,'\" he says \"The easiest way to do that is to raise your prices, and when all the other local businesses raise their prices too, you don't even lose that much business.\"<blockquote>“我认为企业会看到这一点并说，‘天哪，这些人不是我的朋友，我必须保护自己，’”他说，“最简单的方法就是提高价格，当所有其他当地企业也提高价格时，你甚至不会失去那么多业务。”</blockquote>\"I think when the government scares these firms, they're just not interested in investing in the future,\" he says. \"I think the government has scared the crap out of them, and they're going to protect themselves by using the pricing power that they have.\"<blockquote>“我认为，当政府吓唬这些公司时，他们就对未来投资不感兴趣，”他说。“我认为政府已经把他们吓坏了，他们将通过利用他们拥有的定价权来保护自己。”</blockquote>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInflation will be 'brutal' in short run: Legendary investor Bruce Greenwald<blockquote>传奇投资者布鲁斯·格林沃尔德：短期内通货膨胀将是“残酷的”</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nfinance.yahoo2021-05-27 22:03\n\n</h4>\n</header>\n<article>\nFederal Reserve officials this weekreiterated their support for loose monetary policyand downplayed the threat of inflation, despite a recent report that showed in April the Consumer Price Index (CPI) increased at itsfastest rate in more than a decade.<blockquote>尽管最近的一份报告显示4月份消费者价格指数（CPI）以十多年来最快的速度上涨，但美联储官员本周重申了对宽松货币政策的支持，并淡化了通胀威胁。</blockquote>The stay-the-course approach from Fed officials defies criticism from some economists on the left and right over fears of a persistent spike in inflation that could derail the economic recovery.<blockquote>美联储官员坚持到底的做法无视一些左翼和右翼经济学家的批评，他们担心通胀持续飙升可能会破坏经济复苏。</blockquote>Such critics rightly worry about continued inflation but misunderstand what's causing it, according to legendary investor and Columbia Business School Professor Bruce Greenwald.<blockquote>传奇投资者、哥伦比亚商学院教授布鲁斯·格林沃尔德表示，这些批评者对持续通胀的担忧是正确的，但误解了通胀的原因。</blockquote>In a new interview, Greenwald — whom The New York Times oncecalled\"a guru to Wall Street's gurus\" — says inflation will continue to be \"brutal\" in the short run but it has nothing to do with monetary or even fiscal policy. Because Fed policies didn't cause the inflation spike, the central bank lacks the capacity to rein it in, he said.<blockquote>格林沃尔德——曾被《纽约时报》称为“华尔街大师的大师”——在一次新的采访中表示，短期内通胀将继续“残酷”，但这与货币甚至财政政策无关。他表示，由于美联储政策并未导致通胀飙升，因此央行缺乏控制通胀的能力。</blockquote>Instead, Greenwald says the Biden administration's support of a waiver of intellectual property rights for COVID-19 vaccines \"scared the crap\" out of companies that fear adverse government intervention in their day-to-day business. In turn, companies have raised prices to get ahead of other potential government actions, Greenwald said.<blockquote>相反，格林沃尔德表示，拜登政府对放弃COVID-19疫苗知识产权的支持让那些担心政府对其日常业务进行不利干预的公司“吓得屁滚尿流”。格林沃尔德说，反过来，公司提高了价格，以领先于其他潜在的政府行动。</blockquote>\"I think in the short run, [inflation] is going to be brutal,\" Greenwald tells Yahoo Finance.<blockquote>“我认为从短期来看，[通货膨胀]将是残酷的，”格林沃尔德告诉雅虎财经。</blockquote>'Fiscal policy has never worked particularly well'<blockquote>“财政政策从来没有特别有效”</blockquote>Speaking to Yahoo Finance's Brian Cheung, Federal Reserve Vice Chair Richard Clarida on Tuesdayacknowledged the \"risk case\" of persistent inflationbut said the Fed could \"offset\" such pressures if necessary.<blockquote>美联储副主席理查德·克拉里达周二在接受雅虎财经采访时承认了持续通胀的“风险案例”，但表示如有必要，美联储可以“抵消”此类压力。</blockquote>Greenwald, a professor emeritus at Columbia Business School, sharply disagrees with that view. Loose monetary policy isn't the cause of inflation, since the Fed's approach began at the outset of the pandemic but inflation only took hold in recent months, Greenwald said.<blockquote>哥伦比亚商学院名誉教授格林沃尔德强烈反对这一观点。格林沃尔德表示，宽松的货币政策并不是通胀的原因，因为美联储的做法始于疫情爆发之初，但通胀直到最近几个月才出现。</blockquote>\"When we gave all this extraordinary monetary expansion, all the quantitative easing of buying bonds and so on, it had no detectable effect on the macro economy,\" he says.<blockquote>“当我们实施所有这些非同寻常的货币扩张、购买债券的量化宽松等等时，对宏观经济没有明显的影响，”他说。</blockquote>\"It strikes me as very odd to think monetary policy, at least, is going to have any effect on it going forward, which means that [if] inflation takes off, we're going to have a tough time controlling it with monetary policy,\" he adds. \"Fiscal policy has never worked particularly well.\"<blockquote>“我觉得很奇怪，认为货币政策至少会对其未来产生任何影响，这意味着[如果]通货膨胀起飞，我们将很难通过货币政策来控制它政策，”他补充道。“财政政策从来都不是特别管用。”</blockquote>Since last March, the Fed has undertaken a loose policy of near-zero interest rates and the purchase of $120 billion in bonds each month. Economic observers have widely credited the monetary policy — along with trillions in fiscal stimulus — for softening the downturn caused by the pandemic.<blockquote>自去年3月以来，美联储采取了接近零利率的宽松政策，每月购买1200亿美元的债券。经济观察人士普遍认为货币政策以及数万亿美元的财政刺激措施缓解了疫情造成的经济衰退。</blockquote>But some economists, like former Treasury Secretary Larry Summers, warn that the hot economy is ripe for ongoing inflation. The Biden administration is closely monitoring inflationary pressures but so far has determined that the trend will be temporary,The New York Times reportedlast month.<blockquote>但一些经济学家，如前财政部长拉里·萨默斯警告说，火热的经济引发持续通胀的时机已经成熟。据《纽约时报》上个月报道，拜登政府正在密切关注通胀压力，但迄今为止已确定这一趋势将是暂时的。</blockquote>The Bureau of Economic Analysis on Friday willrelease new inflation datawith the Personal Consumption Expenditures (PCE) Index figures for April. That index rose 2.3% in March, after jumping just 1.5% in February.<blockquote>经济分析局周五将发布新的通胀数据以及4月份个人消费支出（PCE）指数数据。该指数继2月份仅上涨1.5%后，3月份上涨2.3%。</blockquote><img src=\"https://static.tigerbbs.com/cbeb4f89a50d128dfd1ff8961ad554d5\" tg-width=\"705\" tg-height=\"473\" referrerpolicy=\"no-referrer\">According to a Morning Consult survey of 2,200 adult shoppers, one-third of those surveyed say that they are paying more for groceries, especially red meat and chicken. (Photo by Justin Sullivan/Getty Images)More<blockquote>根据Morning Consult对2,200名成年购物者的调查，三分之一的受访者表示，他们正在为食品杂货支付更多费用，尤其是红肉和鸡肉。（贾斯汀·沙利文/盖蒂图片社摄）更多</blockquote>Speaking to Yahoo Finance, Greenwald said the primary cause of recent inflation is the U.S. decision earlier this month tosupport a waiver of intellectual property protectionon the COVID-19 vaccine. The Biden administration took the position in order to make available generic, affordable versions of the vaccine.<blockquote>格林沃尔德在接受雅虎财经采访时表示，近期通胀的主要原因是美国本月早些时候决定支持放弃对COVID-19疫苗的知识产权保护。拜登政府采取这一立场是为了提供通用的、负担得起的疫苗版本。</blockquote>\"I think the event was actually not monetary or fiscal policy,\" he says. \"I think it was the vacating of the vaccine patents.\"<blockquote>“我认为这一事件实际上与货币或财政政策无关，”他说。“我认为这是疫苗专利的撤销。”</blockquote>Amnesty International and Human Rights Watchcalled for the waiverlast December, and the Biden administration began considering it in April,Reuters reported. Despite U.S. support for the waiver, negotiations at the World Trade Organizationface significant oppositionfrom some member countries and could take months to complete.<blockquote>据路透社报道，国际特赦组织和人权观察组织去年12月呼吁豁免，拜登政府于4月开始考虑。尽管美国支持豁免，但世界贸易组织的谈判仍面临一些成员国的强烈反对，可能需要几个月的时间才能完成。</blockquote>But the unusual U.S. intervention in intellectual property protection scared companies and drove a hike in prices, Greenwald said.<blockquote>但格林沃尔德表示，美国对知识产权保护的不同寻常的干预吓坏了公司，并推动了价格上涨。</blockquote>\"I think businesses are going to look at that and say, 'Holy s***, these guys are not my friends, I got to protect myself,'\" he says \"The easiest way to do that is to raise your prices, and when all the other local businesses raise their prices too, you don't even lose that much business.\"<blockquote>“我认为企业会看到这一点并说，‘天哪，这些人不是我的朋友，我必须保护自己，’”他说，“最简单的方法就是提高价格，当所有其他当地企业也提高价格时，你甚至不会失去那么多业务。”</blockquote>\"I think when the government scares these firms, they're just not interested in investing in the future,\" he says. \"I think the government has scared the crap out of them, and they're going to protect themselves by using the pricing power that they have.\"<blockquote>“我认为，当政府吓唬这些公司时，他们就对未来投资不感兴趣，”他说。“我认为政府已经把他们吓坏了，他们将通过利用他们拥有的定价权来保护自己。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://finance.yahoo.com/news/inflation-will-be-brutal-in-the-short-run-legendary-investor-bruce-greenwald-135313973.html\">finance.yahoo</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/inflation-will-be-brutal-in-the-short-run-legendary-investor-bruce-greenwald-135313973.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136302481","content_text":"Federal Reserve officials this weekreiterated their support for loose monetary policyand downplayed the threat of inflation, despite a recent report that showed in April the Consumer Price Index (CPI) increased at itsfastest rate in more than a decade.The stay-the-course approach from Fed officials defies criticism from some economists on the left and right over fears of a persistent spike in inflation that could derail the economic recovery.Such critics rightly worry about continued inflation but misunderstand what's causing it, according to legendary investor and Columbia Business School Professor Bruce Greenwald.In a new interview, Greenwald — whom The New York Times oncecalled\"a guru to Wall Street's gurus\" — says inflation will continue to be \"brutal\" in the short run but it has nothing to do with monetary or even fiscal policy. Because Fed policies didn't cause the inflation spike, the central bank lacks the capacity to rein it in, he said.Instead, Greenwald says the Biden administration's support of a waiver of intellectual property rights for COVID-19 vaccines \"scared the crap\" out of companies that fear adverse government intervention in their day-to-day business. In turn, companies have raised prices to get ahead of other potential government actions, Greenwald said.\"I think in the short run, [inflation] is going to be brutal,\" Greenwald tells Yahoo Finance.'Fiscal policy has never worked particularly well'Speaking to Yahoo Finance's Brian Cheung, Federal Reserve Vice Chair Richard Clarida on Tuesdayacknowledged the \"risk case\" of persistent inflationbut said the Fed could \"offset\" such pressures if necessary.Greenwald, a professor emeritus at Columbia Business School, sharply disagrees with that view. Loose monetary policy isn't the cause of inflation, since the Fed's approach began at the outset of the pandemic but inflation only took hold in recent months, Greenwald said.\"When we gave all this extraordinary monetary expansion, all the quantitative easing of buying bonds and so on, it had no detectable effect on the macro economy,\" he says.\"It strikes me as very odd to think monetary policy, at least, is going to have any effect on it going forward, which means that [if] inflation takes off, we're going to have a tough time controlling it with monetary policy,\" he adds. \"Fiscal policy has never worked particularly well.\"Since last March, the Fed has undertaken a loose policy of near-zero interest rates and the purchase of $120 billion in bonds each month. Economic observers have widely credited the monetary policy — along with trillions in fiscal stimulus — for softening the downturn caused by the pandemic.But some economists, like former Treasury Secretary Larry Summers, warn that the hot economy is ripe for ongoing inflation. The Biden administration is closely monitoring inflationary pressures but so far has determined that the trend will be temporary,The New York Times reportedlast month.The Bureau of Economic Analysis on Friday willrelease new inflation datawith the Personal Consumption Expenditures (PCE) Index figures for April. That index rose 2.3% in March, after jumping just 1.5% in February.According to a Morning Consult survey of 2,200 adult shoppers, one-third of those surveyed say that they are paying more for groceries, especially red meat and chicken. (Photo by Justin Sullivan/Getty Images)MoreSpeaking to Yahoo Finance, Greenwald said the primary cause of recent inflation is the U.S. decision earlier this month tosupport a waiver of intellectual property protectionon the COVID-19 vaccine. The Biden administration took the position in order to make available generic, affordable versions of the vaccine.\"I think the event was actually not monetary or fiscal policy,\" he says. \"I think it was the vacating of the vaccine patents.\"Amnesty International and Human Rights Watchcalled for the waiverlast December, and the Biden administration began considering it in April,Reuters reported. Despite U.S. support for the waiver, negotiations at the World Trade Organizationface significant oppositionfrom some member countries and could take months to complete.But the unusual U.S. intervention in intellectual property protection scared companies and drove a hike in prices, Greenwald said.\"I think businesses are going to look at that and say, 'Holy s***, these guys are not my friends, I got to protect myself,'\" he says \"The easiest way to do that is to raise your prices, and when all the other local businesses raise their prices too, you don't even lose that much business.\"\"I think when the government scares these firms, they're just not interested in investing in the future,\" he says. \"I think the government has scared the crap out of them, and they're going to protect themselves by using the pricing power that they have.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1780,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}