Therefore, it will not raise prices, but will only push up asset prices or the prices of luxury goods. At present, the global polarization between the rich and the poor has reached a historical high, which means that the polarization between the rich and the poor has intensified.
That is, the wealth held by the rich is increasing, and money has been flowing to the rich. Because the rich took more money, commodity prices rose less, and asset prices rose more.
This is the reason why rents in first-tier cities have fallen, and house prices have risen. Normally, if the rent falls, the return on investing in a house will be lower, and house prices should fall.
But now it's the opposite. Although rents have fallen, house prices have risen. The decline in rents is due to the shrinking income of low-income groups this year, and more and more people are leaving first-tier cities.
The rise in house prices indicates that the wealthy have ample funds and strong investment demand. Having said that, the logic of asset price increases this year is very clear. Simply put, it is to solve the problem of the global economic downturn.