Fed Chairman Powell spoke out, expressing deep sorrow that the huge bubble in the US financial system is on the verge of bursting. The total amount of US financial derivatives has exceeded 600 trillion US dollars.
"The Fed finally stopped hiding its intentions this time. Powell's words made everyone's heart jump to their throats. 600 trillion financial derivatives, this number sounds like an astronomical figure from a science fiction novel."
"This bubble is even more exaggerated than our mortgage loans. It will burst with just one poke. Powell's admission will probably make the Wall Street elites lose sleep."
"Think about the financial crisis in 2008. It was already bad enough then. The current figures are simply playing with fire. If we are not careful, it will be a global fire."
"Powell looked so distressed, as if he was watching his own house collapse. The 'house' of the US financial system is indeed shaky."
"Behind this bubble is the hard-earned money of so many families and the future of so many companies. Once it bursts, it will be no joke."
"Financial tycoons, isn't it time to stop playing those high-risk games? Otherwise, no one will be able to escape in the end."
"We ordinary people also need to be careful and not be blinded by those high-yield financial products. They may be a time bomb."
"The financial derivatives in the United States are like building blocks, getting higher and higher and more and more unstable. Now everyone is waiting to see when this building block tower will fall down."
"Powell's roar shook the global market. We must be careful to deal with the subsequent chain reaction."
"At this time, central banks of all countries have to work together. They can't fight alone. After all, no one can escape the financial tsunami."
"Does the bursting of the bubble mean opportunities? For those who are prepared, a crisis may be an opportunity for change."
"Whether it is a blessing or a curse, this financial crisis has shown us the fragility and madness of the financial market. It is time to reflect on how to make this market healthier."
Powell's admission is like a wake-up call for the financial market. No matter how big the bubble is, we should remember that stability and transparency are the cornerstones of the long-term development of the financial market. "$PNUT