{"id":215257,"date":"2026-08-20T17:12:07","date_gmt":"2026-08-20T17:12:07","guid":{"rendered":"https:\/\/www.europesays.com\/hu\/215257\/"},"modified":"2026-08-20T17:12:07","modified_gmt":"2026-08-20T17:12:07","slug":"sulyos-helyzetben-az-amerikai-gazdasag-olyan-lelektani-hatart-leptek-at-amibe-beleremeghet-a-vilagpiac","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/hu\/215257\/","title":{"rendered":"S\u00falyos helyzetben az amerikai gazdas\u00e1g: olyan l\u00e9lektani hat\u00e1rt l\u00e9ptek \u00e1t, amibe beleremeghet a vil\u00e1gpiac"},"content":{"rendered":"<p>2026. augusztus 20. 15:33<\/p>\n<p>Az Egyes\u00fclt \u00c1llamok \u00e1llamad\u00f3ss\u00e1ga \u00e1tl\u00e9pte a 40 ezer milli\u00e1rd doll\u00e1ros (34,4 ezer milli\u00e1rd eur\u00f3s) l\u00e9lektani hat\u00e1rt, mik\u00f6zben a p\u00e9nz\u00fcgyminiszt\u00e9rium a k\u00f6tv\u00e9nypiac megnyugtat\u00e1sa \u00e9rdek\u00e9ben megdupl\u00e1zta az ad\u00f3ss\u00e1g-visszav\u00e1s\u00e1rl\u00e1si programj\u00e1nak keret\u00e9t &#8211; tud\u00f3s\u00edtott az <a href=\"https:\/\/www.euronews.com\/business\/2026\/08\/20\/us-debt-tops-40-trillion-as-treasury-doubles-bond-buybacks-to-calm-markets\" target=\"_blank\" rel=\"noopener nofollow\">euronews<\/a>.<\/p>\n<p>A k\u00e9t bejelent\u00e9s szerd\u00e1n, ugyanazon a napon \u00e9rkezett, \u00e9s ugyanannak a fesz\u00fclts\u00e9gnek a k\u00e9t k\u00fcl\u00f6nf\u00e9le t\u00fcnete. Az amerikai korm\u00e1ny rekord\u00fctemben vesz fel hitelt, mik\u00f6zben a hossz\u00fa lej\u00e1rat\u00fa k\u00f6tv\u00e9nyek v\u00e1s\u00e1rl\u00f3i egyre magasabb hozamot k\u00f6vetelnek. A 30 \u00e9ves \u00e1llampap\u00edrhozam kedden 2007 \u00f3ta nem l\u00e1tott szintre emelkedett, amit elemz\u0151k a j\u00fanius v\u00e9ge \u00f3ta tart\u00f3 vev\u0151i sztr\u00e1jkkal magyar\u00e1ztak \u2013 a helyzetet pedig tov\u00e1bb rontotta a mesters\u00e9ges intelligenci\u00e1hoz kapcsol\u00f3d\u00f3 adatk\u00f6zpontok \u00e9p\u00edt\u00e9s\u00e9b\u0151l fakad\u00f3 v\u00e1llalatik\u00f6tv\u00e9ny-kibocs\u00e1t\u00e1si hull\u00e1m.<\/p>\n<p>\t\t\t\t<a href=\"https:\/\/www.penzcentrum.hu\/frisshirek\" rel=\"nofollow noopener\" target=\"_blank\">A legfrissebb h\u00edrek, id\u0151rendben ITT!<\/a><\/p>\n<p>\t\t\t\t<a href=\"https:\/\/news.google.com\/publications\/CAAiECtCpL84n14N1lGAd73KUFMqFAgKIhArQqS_OJ9eDdZRgHe9ylBT?hl=hu&amp;gl=HU&amp;ceid=HU%3Ahu\" rel=\"nofollow noopener\" target=\"_blank\">K\u00f6vess minket a Google H\u00edrek-ben is!<\/a><\/p>\n<p>&#13;<\/p>\n<p>A p\u00e9nz\u00fcgyminiszt\u00e9rium szeptember 9-\u00e9t\u0151l a 10\u201320 \u00e9ves \u00e9s a 20\u201330 \u00e9ves lej\u00e1rat\u00fa szegmensben legal\u00e1bb a dupl\u00e1j\u00e1ra, 2 milli\u00e1rd doll\u00e1rr\u00f3l 4 milli\u00e1rd doll\u00e1rra emeli az egyes visszav\u00e1s\u00e1rl\u00e1si m\u0171veletek fels\u0151 keret\u00e9t. A visszav\u00e1s\u00e1rl\u00e1si program l\u00e9nyege, hogy a t\u00e1rca a megl\u00e9v\u0151 k\u00e9szp\u00e9nz\u00e1llom\u00e1ny\u00e1b\u00f3l v\u00e1s\u00e1rol vissza r\u00e9gebbi, nehezebben kereskedhet\u0151 k\u00f6tv\u00e9nyeket, ezzel jav\u00edtva a piaci likvidit\u00e1st an\u00e9lk\u00fcl, hogy az ad\u00f3ss\u00e1g\u00e1llom\u00e1ny \u00f6sszess\u00e9g\u00e9ben v\u00e1ltozna. A bejelent\u00e9s hat\u00e1s\u00e1ra a 30 \u00e9ves hozam mintegy 9, a 10 \u00e9ves pedig k\u00f6r\u00fclbel\u00fcl 6 b\u00e1zisponttal cs\u00f6kkent, a Wall Street pedig emelked\u00e9ssel reag\u00e1lt.<\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>Az \u00e1llamad\u00f3ss\u00e1g a p\u00e9nz\u00fcgyminiszt\u00e9rium keddi adatai szerint l\u00e9pte \u00e1t a t\u00f6rt\u00e9nelmi m\u00e9rf\u00f6ldk\u00f6vet. A teljes \u00f6sszegb\u0151l 32,27 ezer milli\u00e1rd doll\u00e1rt a piaci szerepl\u0151k tartanak, m\u00edg 7,78 ezer milli\u00e1rd doll\u00e1rt a korm\u00e1nyzati sz\u00e1ml\u00e1k k\u00f6z\u00f6tti bels\u0151 tartoz\u00e1sok tesznek ki. Ez a szint nagyj\u00e1b\u00f3l k\u00e9t k\u00f6lts\u00e9gvet\u00e9si \u00e9vvel kor\u00e1bban \u00e9rkezett a v\u00e1rtn\u00e1l, hiszen a Kongresszusi K\u00f6lts\u00e9gvet\u00e9si Hivatal (CBO) 2023 m\u00e1jus\u00e1ban m\u00e9g \u00fagy becs\u00fclte, hogy a 40 ezer milli\u00e1rd doll\u00e1ros hat\u00e1rt csak 2028-ban \u00e9ri el az orsz\u00e1g. Az ad\u00f3ss\u00e1gn\u00f6veked\u00e9s \u00fcteme saj\u00e1t viszonylat\u00e1ban is szembet\u0171n\u0151, hiszen a 39 ezer milli\u00e1rd doll\u00e1ros szintet id\u00e9n m\u00e1rciusban, a 38 ezer milli\u00e1rdot pedig tavaly okt\u00f3berben \u00e9rte el az \u00e1llamad\u00f3ss\u00e1g.<\/p>\n<p>&#13;<\/p>\n<p>A jelenlegi k\u00f6lts\u00e9gvet\u00e9si \u00e9v els\u0151 t\u00edz h\u00f3napj\u00e1ban a korm\u00e1ny 1,8 ezer milli\u00e1rd doll\u00e1rnyi hitelt vett fel, ami m\u00e1r most meghaladja a teljes el\u0151z\u0151 \u00e9vi hitelfelv\u00e9telt. A t\u00e1rsadalombiztos\u00edt\u00e1si, eg\u00e9szs\u00e9g\u00fcgyi, v\u00e9delmi \u00e9s kamatkiad\u00e1sok ugyanis tov\u00e1bbra is jelent\u0151sen fel\u00fclm\u00falj\u00e1k a bev\u00e9teleket.<\/p>\n<p>LAK\u00c1ST, H\u00c1ZAT VENN\u00c9L, DE NINCS EL\u00c9G P\u00c9NZED? VAN OLCS\u00d3 MEGOLD\u00c1S!<\/p>\n<p><a href=\"https:\/\/kalkulator.penzcentrum.hu\/lakashitel\/\" rel=\"nofollow noopener\" target=\"_blank\">A P\u00e9nzcentrum lak\u00e1shitel-kalkul\u00e1tora<\/a> szerint ma <a href=\"https:\/\/kalkulator.penzcentrum.hu\/lakashitel\/?loanGoal=HASZNALT_LAKAS&amp;loanAmount=30000000&amp;maturity=20&amp;income=500000&amp;onePerBank=true&amp;interestPeriods[]=FIVE_YEARS&amp;interestPeriods[]=TEN_YEARS&amp;interestPeriods[]=FIFTEEN_YEARS%2CTWENTY_YEARS&amp;interestPeriods[]=FULL&amp;realEstateValue=40000000&amp;realEstateLocation=&amp;age=30&amp;numberOfChildren=0&amp;currentInstallment=0&amp;currentCreditLine=0&amp;monthlyDeposit=0&amp;receiptOfIncome=true&amp;definedInsuranceUsage=true&amp;activeAccountPackageUsage=true&amp;loanCoverageInsurance=false&amp;activeCreditCardUsage=true&amp;definedAccountPackageUsage=false&amp;socialDiscount=false&amp;csok=false&amp;onlyFbl=false&amp;onlyOfk=false&amp;publicSectorToo=false&amp;calculationDate=2026-07-06&amp;start=0&amp;count=10\" target=\"_blank\" rel=\"noopener nofollow\">30 000 000 forintot 20 \u00e9ves futamid\u0151re m\u00e1r 6,62 sz\u00e1zal\u00e9kos THM-el, havi 184 778 Ft forintos t\u00f6rleszt\u0151vel fel lehet venni<\/a> a K&amp;H Bankn\u00e1l. De nem sokkal marad el ett\u0151l a t\u00f6bbi hazai nagybank aj\u00e1nlata sem: az UniCredit Bankn\u00e1l 6,78%, az Erste Bankn\u00e1l 6,78%, a CIB Bankn\u00e1l 6,89%, m\u00edg a MagNet Bankn\u00e1l 7,02%. \u00c9rdemes m\u00e9g megn\u00e9zni magyar hitelint\u00e9zetetek tov\u00e1bbi konstrukci\u00f3it is, \u00e9s egyedi kalkul\u00e1ci\u00f3t v\u00e9gezni, saj\u00e1t preferenci\u00e1ink alapj\u00e1n k\u00fcl\u00f6nb\u00f6z\u0151 hitel\u00f6sszegekre \u00e9s futamid\u0151kre. Ehhez keresd fel a <a href=\"https:\/\/kalkulator.penzcentrum.hu\/lakashitel\/\" rel=\"nofollow noopener\" target=\"_blank\">P\u00e9nzcentrum kalkul\u00e1tor\u00e1t.<\/a> (x)<\/p>\n<p>&#13;<\/p>\n<p>A k\u00e9t folyamat emellett egym\u00e1st er\u0151s\u00edti, mivel a n\u00f6vekv\u0151 ad\u00f3ss\u00e1g\u00e1llom\u00e1ny \u00f3vatosabb\u00e1 teszi a befektet\u0151ket a hossz\u00fa t\u00e1v\u00fa hitelez\u00e9sben, ami felfel\u00e9 nyomja a hozamokat. A magasabb hozamok viszont tov\u00e1bb n\u00f6velik az \u00e1llam kamatkiad\u00e1sait, \u00edgy \u00fajabb ad\u00f3ss\u00e1got gener\u00e1lnak. A visszav\u00e1s\u00e1rl\u00e1si keret b\u0151v\u00edt\u00e9se enyh\u00edtheti az azonnali piaci fesz\u00fclts\u00e9get, de az elad\u00f3sod\u00e1s \u00fctem\u00e9t nem lass\u00edtja. Ahogy Mohamed El-Erian k\u00f6zgazd\u00e1sz is megjegyezte, a piac t\u00falzott reakci\u00f3ja ink\u00e1bb a sz\u00e9lesebb k\u00f6r\u0171 beavatkoz\u00e1s rem\u00e9ny\u00e9t t\u00fckr\u00f6zte, mintsem a visszav\u00e1s\u00e1rl\u00e1sok k\u00f6zvetlen hat\u00e1s\u00e1t.<\/p>\n<p>Ennek a cikknek az el\u0151k\u00e9sz\u00edt\u00e9s\u00e9ben AI-asszisztens m\u0171k\u00f6d\u00f6tt k\u00f6zre, a v\u00e9gleges tartalmat \u00fajs\u00e1g\u00edr\u00f3nk szerkesztette \u00e9s ellen\u0151rizte.<\/p>\n","protected":false},"excerpt":{"rendered":"2026. augusztus 20. 15:33 Az Egyes\u00fclt \u00c1llamok \u00e1llamad\u00f3ss\u00e1ga \u00e1tl\u00e9pte a 40 ezer milli\u00e1rd doll\u00e1ros (34,4 ezer milli\u00e1rd eur\u00f3s)&hellip;\n","protected":false},"author":2,"featured_media":215258,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[8],"tags":[393,42,672,43,669,34,671,670,674,111,673,94,93,92],"class_list":["post-215257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-vilag","tag-biztositas","tag-hungarian","tag-karrier","tag-magyar","tag-megtakaritas","tag-news","tag-nyugdij","tag-otthon","tag-utazas","tag-vallalkozas","tag-vasarlas","tag-vilag","tag-world","tag-world-news"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@hu\/117128956940932766","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/215257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/comments?post=215257"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/215257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media\/215258"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media?parent=215257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/categories?post=215257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/tags?post=215257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}