Inflation Fears Clamp Down On A Shares Or &Nbsp.

Wednesday A shares all day leather consolidation, a round of subsidence before the harvest, causing

China continues to increase its holdings of US debt. It seems that in the visible future, there will not be any bigger changes in the existing pattern. This is mainly due to the fact that there is no way out for us except foreign debt.

As long as we do not take vigorous efforts to promote domestic demand, it is difficult to change the existing pattern. The so-called "import inflation" is also difficult to change, and the future is more likely to deteriorate further because of the QE3 in the US.

A few days ago, some people thought that CPI reached the top in June, but in July, CPI unexpectedly increased. So these people expected to see the summit in August, but the last two days seemed to be a bit out of line, mainly referring to the price of pork after the fall, while the egg prices rose sharply.

Such a situation may confuse the central bank that is investing in the market, and there may be some psychological obstacles to continue capital injection in the future.

Historically, whenever inflation has a track record, we tend to underestimate the seriousness of the situation by holding our brains in the buttocks. When inflation shows signs of downtrend, we will overestimate the downward trend of inflation and take "possibility" as a "necessity". Then we can hardly wait to loosen up or temporarily allow some consumer goods that are pre pressed.

I believe that such an attitude is problematic, and it is this attitude that makes people repeatedly predict that CPI will fail.

Attitude is extremely important, because it is in the eyes of commodity speculators and speculators.

A slight shake of the inflationary attitude may make speculators willing to continue to die for a while and expect to see the miracle again in 2009.

Our attitude towards inflation should be at least as severe as that in India. It is better to kill wrongly and to avoid any suspicious places.

As for the negative interest rate, I think there is no need to discuss it. We should take measures unconditionally to make it a positive interest rate.

Residents' bank savings are their personal wealth and fundamental rights. It is not appropriate for management departments to study the interest rate increase on the basis of depriving specific individuals' rights.

Individual rights can not be studied and there is no "overall situation".

This is like forcing a person to donate money for the overall situation, and at the very least, he can only go to the great justice with great care.

The author thinks that morality or truth is one aspect, but the law and jurisprudence are on the other hand, and they can not be confused.

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Wind quoted Liu Mingkang, chairman of the CBRC, as saying recently that because of the large influx of hot money and the high inflation pressure of imported type in emerging economies, China's inflation outlook is still uncertain.

Liu also said that all kinds of speculative purchases must be strictly limited, and we should focus on the risk of real estate loans and loans secured by real estate.

All in all, there are many signals that macro policy is only entering the observation period, and it is still unlikely to be loosened. This will limit the rebound of stock index.

If this food rebound can not be well controlled, and if August CPI unexpectedly "rise", it will not rule out the possibility of losing patience in the market.

Investors can tolerate several "accidents", but they will not be endlessly.

From the perspective of K-line combination and time cycle, A shares may still have a rebound effect, but as mentioned above, inflation expectations are gradually increasing and should be a hole of death, so it is hard to expect the stock index to rise too high, and the expansion should be a big probability event, so we can take the strategy of "high to lose" in operation.