Debt deflation is intensifying
First: real estate debt has begun to be fully revealed, the entire market is dragged down by debt, to reduce debt pressure requires continuous monetary easing to ease debt pressure, now whether it is the external environment or internal want to continue easing has been difficult, under the premise of exchange rate stability to continue monetary tightening is inevitable.
Second: the real estate debt problem will inevitably drag the entire market into the debt repayment stage, this stage is a long process, and enterprises without debt will also be dragged into the debt repayment cycle, which is a process of mutual influence.
Third: the increase in income in the debt deflation stage will decrease, the entire market is to repay debts, funds will not easily flow into the market, do not easily borrow at this stage, debt will be amplified, is a process of debt repayment pain.
