Recently, many friends around me have asked: Is holding a large amount of cash the safest choice? My answer is: 'Short-term easy win, long-term big loss.' Why? Because an epic 'monetary migration' is about to unfold, and the only two things ordinary people can do are — grasp core assets tightly and lock in consumption in advance.

The most magical reality right now is: the central bank is unleashing liquidity, but banks are acting like they have 'Parkinson's disease' — either shoving money into state-owned enterprises that don't lack funds or blindly withdrawing loans from private enterprises. This absurd drama of 'flooding the fields but starving the seedlings' may require more aggressive policies to break the deadlock (such as directly providing targeted loans to small and micro enterprises).

Or, be bolder and give benefits to the middle class, like allowing a second child to offset personal income tax.

This round of liquidity is definitely not evenly distributed but is precisely drip-fed into areas that 'can generate money.' Ordinary people can either follow the national fortune (buy core assets) or exchange currency for hard assets that resist inflation (upgrade consumption). As for holding cash and waiting? You will soon realize — cash is still just paper, but the things you can buy are visibly shrinking.

By the way, I haven't mentioned the potential policy-driven 'consumption upgrade' for blue-collar service industries.

Do you remember the 'Great Leap Forward' of garbage classification that made the people of Shanghai suffer greatly?