Previously, we mentioned in our offline courses that during the U.S. interest rate cut cycle, people often face more difficulties. Many do not understand this. Let me mention a phenomenon that everyone knows from the University of Tokyo.

Do you remember ten years ago?

During the Spring Festival ten years ago, the annualized return of Yu'ebao reached 7%.

Do you think it was harder to make money back then or is it harder now?

The difference this time is that it is a U.S. interest rate cut, and global currencies are generally appreciating, which directly leads to the result that earning money in dollars is definitely much harder than before.