In terms of housing prices, the state has blocked the concessions to a certain extent, and some people think that limiting supply is a good thing. In fact, the main limitation is quotation. People who hold multiple properties cannot sell them at will, but can only carry them. Retail investors in real estate can carry it better than enterprises, and some developers have to carry it. With the development of renting houses in China, it is an international trend for housing enterprises to develop in the direction of improving property services. Let go of the purchase after a few years, and it is estimated that it will be docked with the property tax. The government's fiscal revenue should still be maintained ... this is the case in the United States. A hundred years ago, the American government auctioned a lot of land, and the income from land auction was one of the main sources of government income. Later, it was over-transformed to levy property tax.

Personally, I think that if we can continue to the next real estate cycle, maybe house prices will rise.

The exchange rate is a wrong question.

1. What the central bank wants to do is devalue the exchange rate, not protect it. There is no need to protect the exchange rate, because the exchange rate is decided by the central bank, and China is a country with foreign exchange control. Of course, different comparison parameters will be adjusted to explain the exchange rate changes, such as just staring at the dollar against a basket of currencies.

15- 16 the external demand has weakened and the export situation is not good. Therefore, in order to protect employment, exporting small enterprises can provide many jobs.

However, President Chuan has been clamoring to label China as a currency manipulator before and after he took office. This kind of crime is very deadly. Once convicted, it can stop China's exports to the United States.

At the same time, the eldest brother took office as a new official, and the second brother also presented a gift as a state of etiquette. Restrain first, then promote, and then attribute the credit for appreciation to the grand marshal. Isn't it two ways to stop being effective?

Therefore, at the end of 16, when the RMB is close to 7: 00, it is enough to create public opinion and reach 7.2-7.3 according to the normal forecast, because China is also a country that imports a lot of crude oil and grain, and excessive depreciation will lead to excessive inflation. Then it should slowly rise to the line of 6.7-6.8. A data model shows that the exchange rate has export competitiveness within this range and will not cause excessive inflation.

But any forecast will be wrong, because China's import and export data unexpectedly improved after February 17, and the central bank's desire to depreciate disappeared.

The recent sharp appreciation of RMB should be related to the control of virtual currency and ICO, and speculative funds must not be allowed to return to China comfortably. After all, I have been warned many times. But this period of rapid appreciation should be over soon.

We should always be alert to the deception of the crashing party (how to cut leeks without opponents and cry to death by shorting RMB) and the chess party. If you want to understand the economy, you should watch more news broadcasts. Economic policy, mom and dad have the final say. Aren't people always teased? So who has the last laugh?

Play the winning number aboveboard, over and over again, don't believe it, and jump over and over again. But I like the gossip provided by wild economists. This logic is well understood by people who really play chess. Cut one way, cut another. You can't scream when you cut it, because it's always: didn't you say it long ago?