In recent years, the purchasing power of the Renminbi has actually increased. Living supplies should be said to be relatively stable; for eating and using, life should still be sufficient. An income of 6000 Renminbi is equivalent to an income of 3000 US dollars; I agree with this viewpoint. In terms of purchasing power, now one Renminbi is equivalent to 0.5 US dollars. Originally, American cars were about 40% cheaper than ours, but now our cars are more than 30% cheaper than American cars. Currently, the purchasing power of the Renminbi is quite strong, and its purchasing power parity is also good, but our working hours are too long, which is a problem. At present, the only expensive thing in our country is housing, which may take time to digest. I personally believe that Renminbi will reach within six to one; it has the conditions for long-term appreciation. Why is gold continuously rising in price? The core reason is the new anchor of currency.
Decoupling of Apple Phones from China: Nearly half of the components in the latest iPhone are produced in Japan. iPhone 17 Pro "Number of Components. 1. Japan: 1282 2. South Korea: 475 3. Taiwan: 475 4. United States: 38 5. European Union: 11 6. China: 4 American companies are now fully decoupling from China, which has a significant impact, and we must be well prepared to respond.
Since Japan's recent aggressive interest rate hike to 0.75, the USD/JPY has risen, peaking at 157.76. The yen against the Chinese yuan has reached 22.4, making the yuan more valuable. This round of aggressive interest rate hikes in Japan is primarily aimed at supporting the USD; Japan has always been a shadow currency for the United States. The liquidity of the currency in the US has become insufficient, prompting a repatriation of funds from Japan back to the US. This month, Japan has continued to increase its holdings of USD-denominated debt, surpassing 11 trillion. A large portion of domestic companies in Japan have survived on these years of zero interest rates; if Japan raises interest rates to 2%, it would burst the domestic bubble and lead to a significant number of business failures.
Today is December 21st, the 2nd day of the lunar month of winter, Sunday, good morning. The winter solstice is as significant as the New Year, a small reunion for people. The winter solstice has arrived, and in the longest night, we hope for warmth. I hope this winter, you have clothes to wear against the cold, warmth from those who care about you, that all those you think of are safe, and that everything you wish for goes smoothly. May you have a joyful winter solstice, always happy and at peace.
Why do we hate businesses that owe money? Old fans know that I was once scammed by X Ning for millions, and I am very dissatisfied with this behavior of using the platform's power to exploit suppliers. Now there are too many companies that use the platform to squeeze and occupy the cash flow of suppliers. Everyone can take a look around the world; which country still has this kind of acceptance? They have truly exhausted all leverage, which now has a huge harm to the development of the economy. Only by returning to the essence of business, with everyone conducting cash transactions and at most giving a one-month billing period, can the entire business develop healthily. By eliminating the profiteering class, the entire operation of the economy will become healthier. When a large platform collapses, too many businesses are involved, and the impact expands infinitely. Currently, many businesses are occupied in cash flow and are suffering greatly. The lack of base currency and the occupation of upstream and downstream capital flow have too great an impact on our business ecology; often, you earn a few points of profit, and the upstream just swallows all your principal. We have now reached a stage where we must undertake drastic measures to heal, providing the market and the economy with unlimited liquidity, releasing vitality, and returning to the essence of business for the economy and business development to become increasingly healthy. The core solution to consumption now is to resolve the issue of triangular debt, then direct liquidity to the indebted population, and directly reduce interest rates, so our consumption will rise.
The economic crisis is a crisis for the poor: In fact, the economic crisis primarily plunders the middle-class and the poor. The economic crisis also bursts the bubble of those who appear to be wealthy; they have no capital and rely on leverage. Through one crisis after another, the truly wealthy become even richer. Each economic crisis is a redistribution of debt and wealth.
The money spent is the only money that is truly yours. This has been my most profound experience lately. We may earn a lot of money in our lifetime, or we may not earn much at all. However, the money that should be spent must be spent, with the premise that it should never exceed your own ability to spend, leading to debt consumption. Spending within your means is quite comfortable.
The corporate world in Europe and America has begun to purge Indian executives: Indian managers stand out due to their fluent English and Western thinking, but personal charm, confidence, and effective communication skills easily mask mediocre performance... Bluster has become an art form, but it is not a long-term solution. This approach works during an upward cycle. However, once entering a transition period, when real skills are needed, it becomes evident that they are lacking. Therefore, over the last two years, news about Indian-origin executives has been mixed. On one hand, new Indian-origin workplace elites are climbing higher; on the other hand, older Indian-origin business executives are being laid off in large numbers. According to incomplete statistics, at least 190 Indian-origin individuals in management positions were dismissed by their former employers in the United States last year for various reasons. Now, large enterprises in Europe and America have noticed that Indians are eroding the companies. Within these large European and American companies, groups of Indians are forming networks of power, excluding other groups, but Indians are unable to deliver results; they only know how to talk big, and importantly, they have dragged down the competitiveness of salaries. Now, large enterprises in Europe and America are showing a trend of reducing Indian executive presence.
Many daily necessities have rebounded, and the prices of breakfast items are also quietly rising, which is a good thing. Moderate inflation can help boost the vitality of the economy, and mild inflation can facilitate the flow of currency, making the economy somewhat better. Ultimately, moderate inflation can also drive wage increases.
In the past two days, the number of people taking the graduate entrance exam has finally started to decline. To be honest, most of the graduate entrance exams are unnecessary; they are merely an escape from the harsh job market. Unless one’s family can arrange it or the individual truly has talent, it really doesn’t hold much significance. It’s better to adapt to the harsh market competition early, get employed sooner, and receive training from society, which is more important than education.
Why are the thinnest people in the world Japanese? The three East Asian heroes: Koreans don't sleep, Japanese don't eat, and Chinese don't take holidays, it's no joke. Except for Japan, I haven't seen anywhere else where men drink all night and eat a damn skewer of chicken and three slices of radish.
The Truth About the Workplace: In a dysfunctional environment, there is no need to resign; true experts never leave simply because they are unhappy, but rather because there are no benefits to be gained. Have you ever wondered why in the same terrible company, some people break down and resign after three months, while others can stay for three years and leave with a high salary? The difference lies not in endurance, but in the underlying logic they apply to their work. Your suffering stems from a fatal cognitive error: you attempt to find strict order and fairness in an inherently chaotic environment. You expect wise leadership, reliable colleagues, a perfect system, and a proportional relationship between effort and reward. When you can't find these, you become angry and feel wronged, wanting to storm out, but this is precisely the instinctive reaction of the weak. During the Jiajing period of the Ming Dynasty, Yan Song controlled the court for 20 years, leading to a toxic atmosphere where many upright officials angrily resigned, feeling that serving alongside treacherous ministers was a disgrace. But look at Xu Jie; he endured under Yan Song for a full 15 years. He did not lack hatred, but he understood one thing better than anyone else: if you leave this table, you won't even have the chance to turn things around. In the end, who brought down Yan Song? It wasn't those angry officials who left, but Xu Jie, who laughed last. This is the first cognitive upgrade: the world is inherently chaotic; what you think of as exceptions is actually the norm, and the order you expect is an illusion. Once you accept this premise, your suffering will instantly diminish by more than half because you no longer struggle against reality; you begin to cooperate with it. More importantly, the second layer of understanding: chaos is not a curse; chaos is a dividend. Order means rigidity and entrenched hierarchy, which means that no matter how hard you try, you can only proceed step by step. But chaos means cracks, which means that the paths to advancement that should have been blocked are now wide open for you to enter. Why did so many grassroots success stories emerge in the early days of the internet? Because there were no rules back then; those who were bold reaped the rewards.
From the perspective of financial statements and business operations, Pinduoduo is a good company. Pinduoduo is also the most determined and successful Chinese company going global. It has taken low-quality products and very low prices, maximizing cost-performance on a global scale. Its business operations are brutal and rational, and from this point of view, it's quite impressive. Pinduoduo is a cold machine; have you seen any employees from Pinduoduo complaining online? They don't dare, because Pinduoduo's agreements are the harshest in the world. Often, such brutal companies can survive and become stronger.
The Weibo of Sun Yuchen's ex-girlfriend is hilarious. During his entrepreneurial period, Sun Yuchen also lived in a basement. 1. Sun Yuchen brings a bunch of discount coupons when he eats, and the reviews on Dazhong Dianping include snacks. 2. Wearing a mink coat, he stayed with his girlfriend for seven days at a home-like hotel. 3. After becoming wealthy, Sun Yuchen spent ten million to go to space once on a rocket, thanking his mother with a lot of words in space. (Actually, he spends a lot of money every quarter on personal branding news advertisements, trending to hype up his company). Then his father, seeing his son as a rich man, said he wanted a car. Sun Yuchen bought his father a garage and told him that to get what you want, you have to rely on your own efforts. Bro is still that Sun who cuts.
If Hainan can deepen its commodity supply as expected and implement small tax exemptions, it will primarily serve as a partial substitute for Hong Kong's shopping functions. Whether it's gold, luxury goods, or famous watches, people may develop a habit of purchasing in Hainan in the future. The money saved can just be used to travel around Hainan comfortably. At the same time, if it can enhance the distribution function of goods, it will also affect Singapore's transit port. We look forward to Hainan deepening its customs closure function, becoming a new shopping paradise and a window and bridge for foreign trade.
The era of universal salary increases may be coming: At the beginning of the month, the news was that Contemporary Amperex Technology Co., Limited had raised salaries for all employees. The news I've seen in the past couple of days is that ByteDance has raised salaries for all employees. JD.com has been continuously increasing salaries over the past few years. Now, even the delivery workers are contributing to social security. One of the most important logics in the strategy to expand domestic demand next year is to increase residents' income. In the past few years, it has been rare to see large companies openly raise salaries like this; there is a clear change in the trend. It is estimated that more large companies will start to publicly promote salary increases for all employees, which is a good thing. If capital takes a little less and shares more of the cake with all employees, social development will be better, and domestic demand will gradually improve.
Today is December 20, Saturday, good morning, today is the first day of the winter month. At the end of the year and the beginning of winter, all things are quietly nurtured, making it the perfect time to cultivate the mind and body, and accumulate strength. May you experience less disturbance and more certainty in this winter month; every bowl of porridge and every meal has warmth, and every day brings stability. Take good care of your body, place your emotions well, walk slowly, and live steadily; peace and health is the best blessing of this winter.