巨大变化出现！未来几年要好好存钱

Core Viewpoint - The current monetary policy has not led to inflation despite significant increases in the money supply, indicating a disconnect between monetary expansion and consumer price increases [1][3][6]. Group 1: Economic Indicators - In May, the Consumer Price Index (CPI) decreased by 0.2% month-on-month, while the Producer Price Index (PPI) fell by 0.4% month-on-month and 3.3% year-on-year, showing a lack of price increases in both consumer and producer levels [1][2]. - The broad money supply has increased from 200 trillion to 300 trillion over the past 4-5 years, indicating a substantial monetary expansion without corresponding inflation [1][2]. Group 2: Global Trade and Tariffs - The trade tensions between China and the U.S. have disrupted the traditional economic model where China produces goods and the U.S. consumes them, leading to a surplus of goods in China and downward pressure on prices [7][12][13]. - The ongoing tariff disputes are expected to maintain this pressure, preventing inflation from rising as goods remain unsold and prices continue to drop [15]. Group 3: Consumer Behavior - Current government subsidies and consumption incentives are merely shifting future demand forward rather than creating new demand, as consumers with existing purchasing power are not incentivized to spend more [16][20]. - The wealth distribution issue is significant, as a small number of wealthy individuals hold a disproportionate amount of wealth, limiting overall consumer spending from the broader population [22][24]. Group 4: Investment Opportunities - Companies should focus on catering to the wealthy consumer segment, as there is potential for new consumption patterns among affluent individuals, despite their overall limited spending capacity [27][30]. - Exploring international markets for growth opportunities is crucial, as domestic growth becomes increasingly challenging; companies are encouraged to seek expansion in developing countries [37][41]. - In a deflationary environment, maintaining cash reserves in interest-bearing assets is advisable, as money is expected to retain or increase its value over the coming years [43][44].