The U.S. GDP has experienced a cliff-like negative growth. In my view, the global economy has long been facing significant problems. For the past decade or so, the global economy has essentially been sustained by a combination of excessive issuance, leniency, and asset bubbles, remaining in a low-growth phase. The U.S., Europe, and Japan have all fallen into a quagmire of low growth, low inflation, and high debt— the three lows and one high— relying on financialization, debt expansion, and technological monopolies to maintain the illusion of growth. In contrast, the domestic economy can still maintain systemic expansion in areas such as infrastructure, manufacturing, digitization, and supply chains, which is indeed an extremely rare phenomenon in economic history.~

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