Therefore, housing prices have risen again and again, and the property market has long served as a reservoir of currency. Therefore, the property market has been in a long-term bull market. Therefore, the property market and the stock market are both bullish.
In 2020, too many currency issuances have brought about an increase in asset prices. In theory, the speed of currency issuance should be consistent with the growth rate of social wealth.
In other words, the whole society will print as much money as there is more, so as to ensure price stability without inflation or deflation. But countries in reality.
Especially this year, the United States and Western countries opened up money printing in response to the crisis. As a result, the currency growth rate far exceeded the currency that the economy grew faster.
Just like a flood with nowhere to vent, an exit must be found. There are two exports of currency, one is the commodity market and the other is the financial market. The commodity market is the market where we consume food, clothing, housing and transportation.