Last night, I was watching a video of Lin talking about the current U.S. tariff policy and economic issues...... Suddenly find that it seems that the current situation in the United States has fallen into some kind of dead loop? Trump's goal is to reduce government debt and, incidentally, to suppress China and depreciate the dollar to bring manufacturing back to work. But after doing a lot of things, there is no obvious relief of government debt, but it continues to delay the date of the Fed's interest rate cut... It seems that the only way to solve this problem now is for the United States to go through a recession... Because as soon as a recession happens, then the employment data will cool, the demand for goods will fall, and the credit of the dollar will suffer... In this way, the Federal Reserve can rest assured that the US dollar can also depreciate because of the credit crisis, driving the manufacturing industry back, and what needs to be sacrificed may be the long-term hegemony of US stocks or the dollar. To put it bluntly, it is impossible for the United States to choose between a financial empire and a manufacturing empire, and if you want to return to a manufacturing power, you must give up the status of a financial power... It depends on whether Trump is willing to bear this price?
The U.S. Treasury market still reflected Moody's downgrading the U.S. credit rating, with both 20-year and 30-year yields rising above 5%, and U.S. stock futures falling more than 1% after the open, and market sentiment was still affected. The pull of $BTC last night has been analyzed, and now it should be quite probable, and this morning after the CME opened, Bitcoin rushed up again is still the effect of the low tide of liquidity, and the result was knocked down as soon as the market opened, because there was indeed no actual benefit over the weekend, just Bessant's speech. However, from 4 o'clock to 6 o'clock in the morning, this wave is really powerful, and it is estimated that many small partners will directly explode long and short, and it is so easy to rise and fall under low liquidity. The current decline is basically due to the risk-off behavior of Asian investors, and no one can say what will happen when it will be transmitted to the main trading hours of the United States, but the historical data shows that the impact of the credit rating downgrade on the market is short-term. The real game starts when the U.S. stock market opens in the evening. This tweet is sponsored by @ApeXProtocolCN|Dex With ApeX
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