Have you noticed?
Everything that ordinary people can't afford
is now collapsing.
Porsche,
profits directly down by 99%.
Pianzaihuang,
dropped from 1600
to 600,
not a sound was heard.
The proud Moutai is also crumbling.
Houses are needless to say,
a set is not enough for a halving,
and you still have to ask for someone to take it.
Why?
One sentence sums it up:
There are no poor people to take over.
How did it used to be?
Rich people speculated,
the middle class bit their teeth,
and the poor fantasized about one day it would be their turn.
Now it can't be done.
Poor people:
Rent is almost unaffordable.
Middle class:
Starting to do the math.
Rich people:
Not foolish anymore.
The result is
prices depend on themselves to bolster their confidence.
Porsche used to sell not just cars,
but “I’m doing well.”
Now everyone is cutting jobs, lowering salaries, pretending to be poor,
who still dares to drive a car
every day reminding others
“I have money”?
Pianzaihuang used to sell not just medicine,
but “You don’t deserve it.”
Now with money tight,
everyone suddenly realizes one thing:
Am I being played as a fool?
People who drink Moutai don’t buy
People who buy Moutai don’t drink.
Houses are even more direct.
It used to be:
Would prices rise if I don’t buy?
Now it is:
Will I die if I buy?
To say something particularly true:
Anything that ordinary people must stretch on tiptoes
to touch,
once ordinary people stop playing with you,
there’s only one ending left:
Fall.
It’s not that things suddenly became worthless,
it’s that the story cannot continue.
When something
can only be sold to “a few people,”
but has to rely on “the fantasies of the majority” to support its price,
it will eventually be over.
Finally, remember one thing:
The market does not believe in sentiment,
it only believes in who still has money in their pockets.
And now,
those without money in their pockets
are exactly the majority.