Group 1 - The core issue is the paradox of high money supply (M2 over 326 trillion, up 7% year-on-year) leading to deflation rather than inflation, as evidenced by the CPI data showing a 0.2% month-on-month and 0.1% year-on-year decline [1][3][4] - The first reason for the low prices is that the excess money is not circulating in the economy but is stuck in banks and financial institutions, similar to water flowing in pipes without reaching the fields [3] - The second reason is that consumers are hesitant to spend due to a challenging economic environment, leading to reduced demand and price drops as businesses try to clear excess inventory [4] Group 2 - Cash holders benefit from increased purchasing power during deflation, as prices for goods like pork and cars have significantly decreased, allowing them to buy more with the same amount of money [6][12] - Cash provides a hedge against investment risks, as many have faced significant losses in stocks and funds, making bank savings a safer option despite lower interest rates [8][12] - Having cash allows individuals to respond to emergencies or job losses without immediate financial pressure, providing a buffer during uncertain times [10][12] Group 3 - Cash holders can take advantage of potential investment opportunities when asset prices return to reasonable levels after deflation, positioning themselves for future gains [12] - The economic landscape is dynamic, and while cash is valuable now, it is essential to plan for future changes and diversify asset allocation to navigate different economic conditions effectively [14]