If there are still any of you who think A Jian is fearmongering, just now, Fed Vice Chair Philip Jefferson made a similar statement, saying that inflation will remain the primary factor guiding his monetary policy decisions, without giving a specific date or magnitude for the next rate hike. What is this, if not an outright threat? And they don't even have to take responsibility for it.

Yesterday, the Nasdaq fell 1.5%, the S&P 500 dropped 0.8%, the yen fell to near the 160 mark, and gold is down more than 4% so far this week. The entire market is falling, but the big shots still aren't satisfied. Risk appetite has to keep shrinking, they say. Whether you're holding traditional assets, safe-haven assets, high-valuation tech stocks, or crypto assets like $BTC , everything has to keep falling. You can flee with your capital if you want, but leave the bloodied chips behind.

That said, I don't know how much longer the market can take this.