The disadvantages outweigh the benefits. What makes continuous stock buying a “hot search”
What makes front-end stock buying a “hot search” source: Beijing Business News Han Zhe, the stone of other mountains, which can be used for jade, or for reasons of fish.
There was a thunder on the ground.
A “suggestion” from the head of Nomura Holdings’ Asian research department turned out to be “hot search”.
Concerning whether China can follow Japan’s direct purchase of stocks or ETFs for a long time, the market is arguing.
There are many opponents, and it is obvious that the whole world will do more harm than good to Japan.
Proponents believe that the stock market is also one of the macro-scale tools. It is an extraordinary time to use extraordinary measures.
The Chinese economy has indeed entered an extraordinary period, growth is still hovering at the bottom of the L-shape, and uncertainty in the external environment continues to increase.
In particular, the old model of debt-driven investment is difficult to sustain, and the market is still unclear. Keynesian-style aggregate demand stimulus tools have diminishing marginal utility, and new methods are needed for the imminent and steady growth.
Where “new” is still inconclusive, touch the stones to cross the river.
Big infrastructure, big tax cuts, consumption promotion, and counter-cyclical forces are working hard in every direction, and every first choice is working.
Entering the market for the first time directly to stimulate the stock market, boots to stimulate corporate investment and stimulate consumer spending, was thrown out in this context, it is not surprising to let the dull capital market “turmoil”.
For the first time in the new year, the overall level was lowered, so that both the sickle and the chives saw the hope of loose money, and the past rescue market was salvaged again.
These people who are addicted to the old cycle are clamoring to save the city storm, and their emotions are like the sea.
In fact, everyone knows that the stock market will only prosper if the economy as a whole improves.
Otherwise, the liquidity brought about by any monetary policy is simply accumulating bubbles.
In the past year, we have mainly done deleveraging and squeezed bubbles.
The deleveraging policy itself is not a problem. The problem lies only in the uneven strength of different enterprises.
Therefore, unless there is a black swan and the economy is suddenly in crisis, there is no reason to buy stocks, and there is no reason to “let some people get rich first.”
After the subprime mortgage crisis, the Bank of Japan purchased a large amount of government bonds and stocks. As a result, the textbook fell into a “liquidity trap” without solving the market’s problems. Instead, it became the biggest problem in the market.
Yin Jian is not far away, and China’s breakthrough is inevitable.
With the increasing downward pressure on the economy, it is necessary to gradually set the goal of stable growth, but stable growth does not mean that the rules are disordered, nor does it mean that the laws of the market can be ignored.
In fact, the 2015 “Passion to Save the Market” is still vivid, 杭州夜生活网 no longer distorting the stock market, and once locked itself.
The initial is the expectation, not the “national team”, each performing his or her duties and keeping the responsibilities of the land is the stable expectation.
Let the explosion keep going, such a suggestion is either stupid or bad.
There is a rule to stimulate consumption, and there is no way out.
There is no need to find another way.
At the beginning of the new year, the executive meeting of the State Council launched five additional measures to reduce taxes and fees for small and micro enterprises, including raising the threshold for small-scale taxpayers from 3 million to 100,000 yuan per month.
Such a way to reduce the burden can stabilize enterprises, consumption and economy.
Even so, we are still making solid supply-side reforms, reducing non-market institutional barriers, increasing market supply, and improving company quality.
Don’t drag the pilot into the water, the stock market is not worth it.