="mp" data-source="innerLink" href="https://www.toutiao.com/item/7548987514061586740/" rel="noopener noreferrer noreferrer" target="_blank">Main institutions recoil technology stocks, watching the financial game between China and the United States in a big rise
The U.S. Bureau of Labor Statistics released the latest data, with the US CPI in August 2.9% year-on-year, the same as expected; the CPI was 0.4% month-on-month, slightly higher than the expected 0.3%; the core CPI was 3.1% year-on-year and 0.3% month-on-month, both of which were the same as the previous value. The number of initial unemployment benefits in the United States rose by 27,000 to 263,000 last week, the highest since October 2021.
The U.S. CPI and initial unemployment claims data on Thursday strengthened the Federal Reserve's expectations for a rate cut this year, and the market generally expects the Federal Reserve to cut three times in the rest of the year. The Federal Reserve's interest rate cuts are more beneficial than disadvantages to my country's economy.
The Federal Reserve's interest rate cut will increase global liquidity and alleviate the pressure on US dollar bonds in my country. At the same time, the interest rate spread between China and the United States narrows, the expectations of RMB appreciation increase, and the purchasing power of RMB will increase accordingly. International capital will flow to my country, and local overseas investment will flow back, which will push up domestic inflation expectations, and PPI deflation pressure will be further alleviated. At the same time, it will be conducive to the rise of the stock market, the stability of the real estate market, stimulate consumption, and adjust the domestic price mechanism again. The pressure on my country's fiscal and monetary policy in China will be alleviated, the momentum of economic recovery will be increased accordingly, and the employment rate will rebound.
But at the same time, we should also pay attention to the bubble trend of risky assets such as A-shares. At present, A-shares have shown a structural bubble problem, and the A-share market is generally in the critical range of rationalization and bubble progression. In this case, if the market liquidity is obviously excessive, the bubble again of A-shares is also a trend. The limited bubble of A-shares is not terrible, but the key problem is that the financial field is the top priority of the Sino-US game. If the bubble problem of A-shares is more serious, my country will face the risk of regaining Jewish capital.
After the 93rd military parade, the United States will inevitably make some strategic adjustments, and it will have to make some strategic contractions and adjust its defense to the local area. Otherwise, it will be passively dragged into the arms race and will make greater military investments. In the long run, this is a path of no return for the United States with surge in debt.
But imperialism is undeadly determined to destroy us. Even if the United States does some strategic contractions, it will continue to block and harass China through geopolitical strategies, and shift its core strategy more to economic warfare, financial warfare, technological warfare and chemical weapons. Among them, Wall Street has outstanding advantages in finance and is dominated by Jewish capital. Therefore, the core of the game between China and the United States is the amount, so there can no longer be major accidents such as the bursting of the real estate bubble in the financial field. Otherwise, the majority of investors will be harvested by domestic and foreign financial capital again, and my country will experience a comprehensive de-generative process, which will be a major blow to the long-term development of my country's economy. In severe cases, it may completely affect my country's revival.
The problem of pan-financialization has had a profound impact on the long-term development of my country's economy, causing my country's economy to fall into a long-term countercyclical adjustment environment, resulting in a series of problems such as accelerated domestic polarization, high debt growth, declining consumption, PPI deflation, supply and demand imbalance, pressure on the real economy, decline in economic growth, and increased unemployment rate, which has led to difficulties in operation of small and medium-sized enterprises, forcing my country to make major adjustments in fiscal and monetary policies and turn to a strong stimulus cycle.
In this cycle, my country must attach great importance to the healthy development of the capital market, and the stock market should be more stable, rather than bubbles driven by internal and external financial capital. Otherwise, the wealth of our residents will be harvested by internal and external financial capital, which will not only become a victim of the transfer of the US debt crisis, but will also lead to the comprehensive expansion of internal financial capital. What will inevitably be the internal rushing political environment or the large-scale capital flight again, which will cause serious obstacles to my country's long-term development. Therefore, A-shares must be healthy and stable, rather than the restlessness and madness caused by internal and external capital!
Therefore, during the Fed's interest rate cut cycle, my country should take advantage of the opportunity to further strengthen the real economy, rather than strengthen disorderly speculation in the financial market, nor should it recreate asset bubbles in the name of an active economy, because the essence of re-bubbification is the affair between bureaucrats and financial capital, and the affair between domestic and foreign financial capital. The lessons of history have fully demonstrated that every asset bubble movement is a disaster for the majority of residents, and this should be taken as a warning! (This article is an original article from Xinyueshu Finance. Please indicate the author and source from the Toutiao account Xinyueshu Finance)
