A set of data may make us realize, in February this year, China's residents deposits increased by 6.2 trillion, and the previous years to compare, you realize how large this value. 2022 a year, our residents deposits only increased 17.84 trillion, 2020 a whole year only 9.9 trillion. And this year, in February alone, it increased by more than $6 trillion. What kind of impact will this have on our real estate prices this year, and our chances of making money?
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When we say that the people have no money in hand, we usually refer to our people's assets, rather than cash flow.In 2018, the largest part of our assets is real estate accounted for as high as 65%, cars accounted for 5%, and 12% of the investment wealth management and other financial assets icon. and the real money, that is, the bank deposits and the cash in our hands, accounted for only 8% point more. In February this year, an increase of more than 6 trillion dollars in residential deposits, it is not that we people have become richer, but only the form of our assets and mentality has undergone a fundamental change.
Why are banks cutting deposit rates now? Recently, a number of banks in the lowering of deposit interest rates, for the current one-year, three-year and five-year deposit interest rates were lowered, the lowering of the range between 0.1 percent and 0.35 percent, is not trying to let people take the money out to spend? Consumption? Then again, it's just that banks are reducing the cost of lending. What does this mean? Times are starting to get harder for the banks too.
First of all, we people are more pragmatic, and have stopped looking at real estate investment. People who have a house in hand are selling their houses for cash and then depositing the cash in the bank, and the people are not afraid to buy houses for investment. And real estate prices will certainly fall, the full liberalization and recovery is not the lowest point of housing prices. Housing prices are very likely to continue to plummet until we say as a joke like the price of cabbage. In addition to housing prices, this savings phenomenon on our chances of making money this year, and what will be the impact?
We need to know why so many people are saving money, but do not dare to spend? The answer is simple, because most of the people do not have a sense of material security, because income does not rise. This year's May Day there were 270 million trips, but per capita consumption is just over 500 dollars. Fraud one looks like a full liberalization of tourism after the revenge consumption. But in fact the vast majority of people, just from one city to another, or just go back to their hometown. In the past, they were all in the restaurant, now they are all in the pre-prepared food, in the past they all go to the gym, now everyone is dancing in the square, has fully illustrated a very typical problem. The era of downgrading consumption for the vast majority of people has come, and if you look at the capital market, you will be able to understand the truth of it. Who are the companies that have been very fierce over the years? Ruixing Coffee Honey Snow Ice City, Ruixing Coffee icon, it is a consumer downgrade against Starbucks, Honey Snow Ice City is also very hot?4 yuan lemonade is full of streets to meet the mainstream demand of the market. There are more niche national tide brand, but also have to reduce the price to cater to the user, Pinduoduo's performance has exploded, do you dare to believe? Net profit is already twice as much as Amoy, Jing, even Americans are now starting to have Pinduoduo. There is also the sports brand this piece, it looks as if it is our national brand rise, is it the low price of the national tide? Is not one of the most important reason factor? Nike Adi icon are not as good as Anta Hongxing erke icon incense, but also by the way the punch a wave of national tide of youth. In fact, so many changes, has been fully confirmed and tell us, the whole of our country's consumer logic, is undergoing a real change, is the consumer downgrade! Finish the phenomenon, let's explore the essence. If the people are saving, one does not consume two do not invest, the social production level is no use, because the demand is reduced enterprises have to cut production, production cuts will have to lay off employees, layoffs will make our income become very little, and then social demand will become followed by less. In this way, we have entered a vicious circle. Although the productivity level is still very high, we all have to suffer from poverty all the same, because our country's population base is too large. We may all think that the increase of more than 6 trillion dollars in deposits will not end up being lent out by those who do business? Either to consume or invest? How can the demand become less? When more and more money is deposited, less and less money will be lent out. Such a phenomenon, society has no domestic demand, this is the essence of investment and consumption are becoming less. We all know that there are only three ways to sell goods: either consumption, export, or investment. These three carriages, just said that consumption and investment are decreasing, and this year's exports have been hindered a little bit. So very specific people's feeling experience is that business did not start to get rich immediately after the end of liberalization, but also feel that the job is not better than before, and wages are more difficult to rise.
Real estate agents also feel that more and more people are selling their homes, while there are not many people buying homes because our spending power has been overdrawn. Houses and cars, children, the healthcare system including education, have overdrawn the purchasing power of the vast majority of us. Household debt is now very high, 780 million people. What do you think?