PANews, December 21st news, according to Jin Ten reports, Hong Hao, chief economist of the Siroy Group, stated that the current market consensus believes that Trump's presidency can change many things in the United States, even globally. However, the market's medium to long-term inflation expectations have remained high for the two years prior to his taking office. This is due to the three years of the pandemic, during which the total amount of broad money created in the United States is greater than the total amount of broad money created since the founding of the United States until 2020. In the coming years, U.S. government spending will rise in a straight line. There is a significant question mark over whether such a deficit financing can be sustained. The market's misconception is that Trump alone can change the entire global landscape, but the facts and data show that inflation expectations have never declined. And these inflation expectations are related to the entire U.S. dollar credit monetary system.
