In today's economic context, many eyes are focused on the policy trends of lowering the reserve requirement ratio and interest rates, hoping to activate market vitality in this way, but the reality is like a deep lake, with undercurrents surging under the calm surface. Looking back at the trajectory of financial regulation in recent years, from 2020 to 2024, the central bank frequently took action, frequently lowered the reserve requirement ratio, and released a huge amount of funds in total, aiming to inject fresh water into the market. This torrent of funds did not set off a huge economic wave as expected, but instead seemed to be somewhat silent.

Counting the three reserve requirement ratio cuts in 2020, 1.8 trillion yuan of sweet rain was sown like spring rain; in 2021, two more waves of timely rain were added, releasing more than 2.2 trillion yuan of funds; by 2023 and 2024, although the pace of reserve requirement ratio cuts has slowed down, it is still moving forward steadily, releasing 1 trillion yuan of funds each year, nourishing every inch of the economy. Along with this is the sharp expansion of the money supply M2, which has a growth rate far exceeding the GDP growth rate, just like rivers converging into the sea, with abundant water but no obvious waves.

What is puzzling is that under this monetary torrent, prices have not soared but have stabilized or even fallen. The stock market has not ushered in a bull market carnival, but has fallen into a slump and wandering. The real estate market has not had its past glory and has entered an adjustment period, and the chill is getting stronger. This can't help but make people wonder where the carefully released funds have gone?

As of 2024, the total amount of bank deposits has exceeded the 300 trillion mark, nearly doubling from the end of 2019. This is not only a leap in numbers, but also a direct reflection of the precipitation of funds. It tells us that the funds in the market are not scarce, but circulate between bank accounts in an almost silent way, and have not been effectively transformed into a strong driving force for economic growth.

Faced with a complex and changing economic environment, we may need more precise and flexible regulatory measures, as well as deeper market insights, to guide funds to the real economy, stimulate market vitality, and make every penny play its due value. This is not only a test for policymakers, but also a deep expectation for the future economic direction.

The market has experienced a sharp drop, and the cottage generally pulled back. Next, I will prepare some currencies suitable for bargain hunting and put them in my "Return Plan". If you get lost, come to the intermediary to find the way!

#德国政府转移比特币 #TON