Is #空投发现指南 starting to release news again? Let's analyze it briefly. Trump is eager for the Federal Reserve to cut interest rates to maintain long-term U.S. Treasury yields below 4.5%. However, the Federal Reserve Chairman completely disregards Trump. Trump is now continuing tax cuts to fulfill election promises, and is simply waiting for the government to run out of money and shut down, which will escalate the situation.

In short, short-term debts are about to mature, and the Federal Reserve must either cut interest rates or expand its balance sheet, otherwise the government will shut down. It happened once in 2020, and the Federal Reserve later expanded its balance sheet to solve the problem. However, this time the situation is different from the last; last time it was a pandemic. Although expanding the balance sheet solved the issue, both bonds and stocks suffered. This time the situation is worse with the added factor of U.S.-China decoupling. Continuing to cut interest rates or expand the balance sheet may further exacerbate the surge in CPI. Let's see what happens.