Debt drags everything down, and asset prices continue to fall
First: the real estate debt problem has a great impact on the entire market, the asset price in the debt deflation stage is more and more amplified, and every time the asset price falls by a step, some companies with excessive debt will go bankrupt, and the entire market has entered debt repayment mode.
Second: At this stage, neither the stock market nor the property market should have any illusions, the stock market liquidity preference, more sensitive to the market response, from the stock market trend can see the short-term tightening of funds. Do not believe in so-called monetary easing, there is only monetary tightening at this stage.
Third: the decline in real estate prices is unstoppable, and no policy can stop the fact that house prices continue to fall at this stage. Now both residents and enterprises are deleveraging, no one can catch the falling house prices, and there is no capital willing to use their own money to pay off debts for others.
