#我的策略演变 , but next there is the Federal Reserve meeting, and the key is still to see Powell's speech attitude.

Let's talk about our situation; there are several core data points:

First, the deficit rate is set at 4%. Previously, we mainly focused on 3, marking the first increase in the deficit rate in recent years. To clarify, this means the government is willing to take responsibility, which indicates a willingness to inject liquidity.

Second, the inflation target is set at 2%. Previously, it was 3, but now the monthly CPI is around 0.x, making the 3 target too distant.

This adjustment of the target is a positive sign, indicating that the higher-ups have recognized the problem and are facing it. This is very beneficial.

Third, issuing 1.3 trillion in special government bonds, which is slightly less than market expectations. However, there's a noteworthy point: this time, 500 billion was issued to support large state-owned commercial banks in replenishing their capital.

There are rumors of a bank bailout, and this wave has materialized. Why do banks, which make significant profits every day, still need to issue bonds? Because while banks are profitable, they are also burdened by the significant risk in the real estate sector. Rescuing real estate is too challenging, so it is better to keep the banks as a backup.