【Hong Hao: Trump's Impact on Long-Term Inflation Expectations is Limited】Jin Shi Data, December 21 - Hong Hao, Chief Economist of Siree Group, stated that the current market consensus believes that Trump's presidency can change many things in the United States, and even globally. However, the market's medium to long-term inflation expectations have remained high for the two years prior to his presidency. This is because during the three years of the pandemic, the total amount of broad money created in the United States has exceeded the total amount of broad money created from the founding of the United States up to 2020. In the coming years, U.S. government spending is expected to rise in a straight line. There are significant questions about whether such a deficit-financed budget can be sustained. The market's misconception is that one person, Trump, can change the entire global landscape, but facts and data have proven that inflation expectations have not decreased. Furthermore, these inflation expectations are related to the entire credit money system of the dollar. (Source: Jin Shi Data)