Zhao Xiao said that last year, the economy, the stock market, and the property market all exceeded the expectations of the V-shaped reversal, which made the country full of optimism. Some people are even optimistic that this year's economic growth may exceed 10% and even overheat. Under the optimism, it is easy to have a procyclical economic regulation policy, which will damage the economy.
He believes that the increase in the deposit reserve ratio is actually "turning the left light to the right." We have seen a series of regulatory policies for real estate still in place. In fact, the real estate itself has adjusted requirements. Real estate sales in Beijing in January this year have been lower than the sales in the first quarter of last year. This shows that the market is already adjusting. The decline in investment this year may exceed the imagination of everyone. After the Asian financial turmoil in 1997, there was a double dip. The current financial crisis shows that the probability of a double bottoming is greater than that of 1997. The most difficult time for the economy this year should be in the third quarter.
People are very concerned about inflation at the moment. Zhao Xiao believes that inflation will be the biggest lie this year. The biggest target of this year's macroeconomic policy should not be inflation, not to prevent overheating, but how to maintain a sustained economic recovery. The real crisis this year is still a recovery, and Bao Ba is still an important issue.
Zhao Xiao reminded everyone that "inflation economics" has arrived. Since the 1930s, Keynesianism has become popular. Governments have adopted active fiscal policies to intervene in the economy. There has been no major depression in the world. The United States has even experienced steady growth for more than a decade. It was not until the financial tsunami that people noticed the “regression of economic depression†represented by Krugman.
He believes that we are in the era of inflation economics. First of all, people like foam, foam is cheese, and foam can achieve profit collusion. The current economy is very different from the traditional economy in the past, that is, there is a super institution or company, which is the government. The biggest feature of this "company" is that it can produce currency. The historical data of China's economy shows that every 1% increase in money supply can boost GDP growth by 0.38%, and every 1% increase in fiscal revenue can boost GDP growth by 0.325%. In the era of monetary economy, the tide of money supply has affected the rise and fall of the economy. People will see that non-depression will become the norm and inflation will become the norm. In addition, governments around the world will not let the economic depression. China’s economic growth of 70% last year was made by the government’s monetary policy and investment. For investors, not only must they have an understanding of the economics of depression, but also an understanding of inflation economics. In this way, we can learn to play with the bubble. If you only invest in the concept of depression economics, you will suffer big losses last year.
What is a two handle faucet?
Distinctive Features: A two-handle faucet features two separate handles on either side of the spout: one handle for cold water, and one for hot. Associated with more traditional or country style kitchens.
How do two handle faucets work?
Compression-Style Faucet
Compression faucets have two separate handles. When the handle is turned, it raises or lowers a washer or seal that closes against a valve seat at the base of the stem to restrict water flow through the faucet body when you turn the handle off. ... When this happens, the tap drips or drools.
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