The U.S. debt crisis has not been fundamentally resolved. If investors in the market do not agree, they will naturally sell. Large-scale selling will of course lead to a decline.

If the 2008 financial tsunami was a bubble of financial speculation that punctured the bubble of the real economy, then the current situation is the other way around.

The core stems from the stagflation caused by the depreciation of the US dollar. On the one hand, the depreciation of the US dollar pushes up production costs; on the other hand, the depreciation of the US dollar robs the purchasing power of people around the world, causing the real economy to fall into recession, and a large number of companies will close down if they cannot survive.

Recently, a large number of companies have closed down in coastal areas, which is the best evidence.

Finance itself does not create wealth. The money in the financial market comes from the surplus value of the real economy. If companies close down in large numbers and people's unemployment income decreases, where does the money in the stock market come from?

Moreover, the bubble in China's capital market itself is also very big. After two years of crazy money making in the currency bull market, it has already accumulated overwhelming short-selling momentum.

In fact, the second wave of financial crisis is very likely to break out from within China, and then add U.S. debt and European debt, eventually causing the global economy to fall into a long recession.

Until countries resolve their financial balance of payments and restore the stability of currency flows.

The current push by the United States to raise the debt ceiling is just a Ponzi scheme that reverses the situation. It does not solve the core debt repayment problem. It only postpones the bankruptcy of the U.S. government and the credit default of the U.S. debt for about half a year. The United States will soon have to pay in February next year.

Up to $1.2 trillion in debt interest.

Even now in August, the United States must immediately pay one trillion U.S. dollars in interest on maturing national debt, and no one is willing to subscribe to the current U.S. debt. The global bond market has fallen sharply in the past two weeks. Investment banks and individual investors

Investors are selling bonds sharply because they are not optimistic about the issuance of U.S. debt in the future based on the above views.

Therefore, the root cause of the crisis has not been resolved.

So there is no need for us to guess too much. We will let time tell who is swimming naked in the end.