The atmosphere in the financial market is

The atmosphere in the financial market is unusual. Rising prices of stocks and other assets further strengthen consumption at the top of the K-shaped recovery, which is the higher-income bracket with assets. Even if the consumption of low-income bracket falters, the consumption of high-income bracket persists, thereby controlling the decline in prices and maintaining overall retail sales indicators at a flat level. When this atmosphere is formed… The central bank is in trouble, the bottom of the letter K, which means that I want to lower interest rates and release money as I see low-income people who don’t have assets are struggling… And this money, rather than supporting the low-income bracket, can stimulate asset prices to increase, resulting in more wealth for the high-income bracket. And it will result in more polarization. And the central bank will have a lot to worry about. Lowering interest rates is likely to cause asset prices to skyrocket… Let’s hang in there… The impact on the real economy is much greater, and it can result in a very, very difficult situation, especially for those on low incomes.

There’s only one way to use it in this case. It cuts interest rates, but not as much as the market needs. In the Fed’s case, for example, if it was in the past, it would have to go to the 2% level by lowering interest rates even more than it is now, but… While wary of overheating in the asset market, adjusting the degree of interest rate cuts… It’s a picture of controlling the pace of interest rate cuts. It’s just… As I’ve said for a long time, cutting interest rates “less than the market wants, later than the market wants” would be their answer.

But the problem is, it happens when asset prices are skyrocketing, and it’s called asset prices skyrocketing, and it’s called inequality quickly and widely. And then the Fed would have no choice but to play its hat off to prevent inequality from escalating too quickly. And you’d have to distance itself from December’s rate cut by talking about the inflatable. But, you know, the asset market is constantly in liquidity… You can boost it higher, and this supply of liquidity is coming out frustratingly, and the asset market is going to get nervous, and it’s going to get too high, and if it stops releasing money… Then, the financial market has to look at the Fed once again and expect it to be lubricated. The current market atmosphere seems to represent that.

Maybe… I think we’ll have a similar picture next year. The key to K-shape recovery is… There’s polarization, but… The Fed’s slow response to prevent that polarization from happening… The market is impatient because of the frustration of the slow response… And… Difficulties at the bottom of the K-shape created by such a slow response…. Well, I think you can draw an equation that’s hard to solve. The market seems to be looking at the Fed right now. Essay line. Thank you.