Uncle Liu started his tobacco and alcohol business at the age of 28. After so many ups and downs over the years, he is now past retirement age.
The overall economic environment has not been very good in the past two years, and Uncle Liu's business has also been greatly impacted. Uncle Liu, who had originally thought about retiring, simply closed his business.
He originally thought that the business was closed and that was it, but he didn't expect that there would be many tedious things waiting for him afterwards, such as tax issues and business registration cancellation issues.

There is another problem. Over the years, Uncle Liu has applied for many bank cards from different banks for convenience, but these cards are basically useless now.
In the past, in order to ensure the normal use of the card, Uncle Liu would regularly deposit some small amounts of money into it. He thought that he just needed to withdraw all the money from the card and put it aside when the time came.

A shares have been soaring wildly for five consecutive trading days since September 24, especially on September 30, when all the mobile phones of investors were filled with red. On October 8, the stock price was close to the daily limit as soon as it opened. This is the naked "temptation of money."
Some brokerage firms even set up stalls at night markets, and netizens joked: stocks going to the countryside...
Some young people who just opened an account got on board and made 30,000 yuan in three days; some were trapped, and 500,000 yuan of the 400,000 yuan they earned was their own principal; some used seven times leverage, with a principal of 400,000 yuan and a profit of 600,000 yuan; and some missed out on the opportunity. In this round of market boom, the pain of missing out is probably 10,000 times greater than being trapped, because no one wants to miss the opportunity to get rich overnight.

While everyone was enjoying the leisurely holidays, suddenly a piece of news came that the Federal Reserve boss Powell said they were not in a hurry to cut interest rates.
Now, those who were expecting to save some money to buy a house, a car, or even invest in the stock market have suddenly been poured a bucket of cold water by this news! So why did the Fed do this?

1. Why the Fed doesn’t cut interest rates
As soon as the news came out, the global financial market reacted quickly and violently. The stock market and gold fell together, as if everyone suddenly lost their sense of direction and ran around looking for a safe haven.

Just now, internet celebrity economist Ren Zeping posted on social media: A thousand gold coins cannot buy a bull to turn back, and this is all I can do. Ren Zeping pointed out that today's A-share market opened and closed, witnessing history, and the "confidence bull" was ignited and started. The future bull market will interpret two major prospects, three-level relay, and four major offensive directions. In 2014, it was predicted that "5,000 points is not a dream", and after a lapse of ten years, the bull market was predicted again.
He said that in the face of a bull market that occurs once in five years, even if you don't get on board, even if you are bearish, you should not short sell and do not try to stop the bull market, otherwise you will pay a huge price, especially during the ignition and start-up period of the bull market, the short sellers will be instantly defeated.

The financial war between China and the United States had ended on the day the Federal Reserve cut interest rates by 50 basis points, but the United States did not seem willing to admit defeat and reignited the war on October 4.
On August 21, the U.S. Census Bureau announced that the non-farm payroll data for the past year had been miscalculated and needed to be revised down by 818,000. This data stunned people all over the world. You have to know that the U.S. non-farm payroll data is only around 100,000 to 200,000 per month, and a fluctuation of 10% is enough to have a major impact on the economy. Now, a downward revision of an average of 70,000 per month is simply outrageous.

Why are European households holding onto their wallets while American consumers are becoming more active?
Recently, the latest data released by the European Statistical Office showed that in the second quarter of 2024, the euro area household savings rate rose to 15.7%, a three-year high, far higher than the pre-epidemic average level of 12.3%.
While overall savings rates are not directly comparable, the trend in the United States is clearly different: U.S. consumption has fueled the economic rebound. Data showed that the U.S. personal savings rate was 5.2% in the second quarter, lower than the average level of 6.1% during the period 2010-2019.

China saw its first immigration boom in the 1970s, and has seen its third immigration boom since the reform and opening up.
What is different about this "immigration fever" from previous ones is the increase in skilled immigration and overseas investment immigration. The third immigration fever also has more and more "rich immigrants".
The so-called "rich immigration" means bringing Chinese companies and funds to invest abroad. For China, this means not only the loss of technology and talent, but also the loss of a large number of production lines and funds.

Apart from these immigration methods, it is very difficult for ordinary people to immigrate. Most people may not even have the opportunity to go abroad after working hard all their lives.

Whether it is a wedding gift or a hedge against economic turmoil, gold has always been a symbol of stable wealth in people's minds. Against the backdrop of a tense global economic situation, a country's gold reserves have also become one of the important symbols of national strength.
In recent years, the gap in gold reserves among China, the United States and Russia has gradually emerged. Russia's gold reserves have skyrocketed, the United States' reserves have remained in first place, while China's unexpected reserves have made a splash, which is intriguing.
1. The current status and gap of gold reserves among China, the United States and Russia
Russia once disdained its gold reserves, but ended up suffering a great loss. When Western countries imposed sanctions, Russia realized that gold was the real "hard currency." As a result, Russia began a "gold hoarding frenzy," and news about "too much gold to count" frequently made headlines.

As we all know, the entertainment industry makes money quickly, but there are also many unspoken rules.
In comparison, the financial circle makes money faster, and the income of business tycoons is beyond the reach of even big-name celebrities.
In order to live a life of luxury, countless girls take the initiative to throw themselves into the arms of financial tycoons.
Perhaps only money can bring them a sense of security.
"Sexual Transactions" in the Financial Circle
The thing that bigwigs who have been dominating the financial circle for decades have the most is money.

As the saying goes, "When you are full, you will think about sex." If their hearts cannot be filled with money, they will most likely target young girls.

Awakening of consciousness, enlightenment of the mind. There is no always right choice in life, always believe that the current choice is the right choice, the road you are walking now is the best, and if you keep walking, it will become a flourishing road.
If you made the wrong choice, you made the wrong choice. There is no need to regret it over and over again, and always think about what would have been different in the past. Don't blame yourself at that time. You were isolated and confused at that time. Even if you start over, you will still choose this path. Don't beautify the path you didn't choose.

Recently, I found that the situation of Solana has changed a lot. It seems that people's needs are completely different from before. I wonder if there is any connection between the price of SOL and the market value of its stablecoin?
You see, in the first half of this year, the momentum of cryptocurrency was like a rocket, soaring up, and every time it fell, it would quickly get up. But SOL, in recent times, has been like a tired old horse, and its rebound has been weak.
I have made a special observation and found that the rebound of SOL in the past three months has been very weak, which is consistent with the situation of the Solana network. You can see that from this year to now, the market value of Solana has been up and down, which is in line with the price trend of SOL.

Britain likes to see itself as a leader in financial innovation. Since 2010, the government has touted its ambitions in green finance, yuan trading, Islamic bond issuance and, more recently, cryptocurrencies.
But the reality doesn’t match the rhetoric. While other countries have made great strides in blockchain and digital assets this year, the UK doesn’t seem to care that much.
Talk of blockchain bonds and crypto innovation is mostly just talk. In 2022, digital bonds accounted for just 0.02% of the $7.3 trillion raised by traditional methods.
The idea of ​​using blockchain to issue government debt, or gilts, has been met with skepticism. This lack of interest is notable when you consider the government’s opposition to the widespread use of Bitcoin.

Between A shares and H shares, Bank of America Securities believes that A shares are more cost-effective at present. The foreign bank even believes that it is not impossible for A shares to experience a bull market like the one in 2014-2015. Because residents have accumulated a large amount of savings in the past few years, the amount of funds that can enter the stock market is very large. "Before the bull market started in 2014, residents' savings increased by 15 trillion yuan. Before this round of market rebound, residents' savings had increased by 40 trillion yuan. In other words, there is more money waiting to enter the market," said Bank of America Securities.
It is worth noting that most Asian markets, except India, had completed their adjustments before the Chinese stock market rebounded. Since May, the Japanese market has seen an outflow of $31 billion, while Taiwan has suffered an outflow of $18 billion since its May high. Bank of America Securities therefore judged that if the Chinese market continues to rise, India may become a place for capital outflow.

In the vast world of digital economy, blockchain technology is quietly changing our life and work with its unique charm. In this wave of technological innovation, TRON has become a leader in the blockchain field with its profound technical accumulation and keen market insight. As the founder of TRON, Justin Sun, with his extraordinary foresight, leads TRON to continue to move forward on the road of technological innovation and contributes to the prosperity and development of the blockchain industry.

Blockchain uses disruptive distributed ledger technology. Since its birth, it has attracted global attention with its decentralization and high security. It uses sophisticated encryption algorithms to ensure the authenticity and uniqueness of data that cannot be tampered with, building a solid trust barrier for the digital economy era. However, the development of any technology is not smooth sailing, and blockchain technology also faces many challenges in its growth process. It is in this context that technological innovation is particularly critical. It is not only a tool to solve the bottleneck of blockchain technology, but also the core driving force to promote it to a wider range of applications.

A-shares are closed, but enthusiasm is high in Hong Kong stocks.
After yesterday's correction, the Hong Kong market regained its strong momentum on October 4. In terms of indexes, the Hong Kong Hang Seng Index closed up 2.82% at 22,736.87 points, a two-and-a-half-year high, and the Hang Seng Tech Index rose 4.99% to 5,227.13 points.
Looking at individual stocks, in today's stock market, the share price of Hongguang Semiconductor soared by more than 285%, the increase of Solomon Semiconductor also reached 70%, the share prices of Hua Hong Semiconductor and SMIC both increased by nearly 30%, and Chinese brokerage stocks also performed well. The share price of Zhongzhou Securities rose by more than 29%, the share price of Shenwan Hongyuan rose by more than 25%, and the share price of Guolian Securities rose by more than 27%.

The Federal Reserve suffered a huge loss of more than 200 billion! The reasons behind it and the trend of future interest rate cuts are revealed
Hello everyone, today we are going to talk about a topic that has attracted much attention - the huge losses of the Federal Reserve. According to the latest report, the losses of the Federal Reserve have exceeded the 200 billion US dollars mark, and this figure has attracted widespread attention from the market. So, why did the Federal Reserve fall into such a huge loss? How will it affect future monetary policy?
First of all, we should make it clear that the Fed's losses mainly come from the interest it pays to major financial institutions during this round of interest rate hikes. In order to maintain short-term interest rates at the target level, the Fed needs to pay banks and money funds to deposit margin at the central bank. However, the cost of this interest rate management has far exceeded the interest income generated by the Fed's holdings of bonds, resulting in huge book losses.