In fact, the game has always been so cruel. Those who can survive after a major crisis are those who have no debt or remove debt leverage in time. The process of crisis relief is also the process of debt clearance. This process must be bloody and the cost must be cruel. There is no win-win situation at all, and the ending must be life and death. The higher the leverage ratio, the heavier the debt, the weaker the ability to withstand blows, the greater the probability of becoming a cost, and the smaller the probability of survival. In order to escape from hell, anything can be abandoned, and finding a way to survive is the fundamental reason. In the current market, the purpose of the banker is very obvious, that is, to drive everyone off the bus, whether it is spot or leverage, to make you completely desperate, and then the big market will come soon, creating a wave of violent wealth effect, attracting more leeks to come, so as to harvest repeatedly.
