<h3><img src="https://imageproxy.pbkrs.com/https://images.pexels.com/photos/4604639/pexels-photo-4604639.jpeg/query-YXV0bz1jb21wcmVzcyZjcz10aW55c3JnYiZoPTc1MCZ3PTEyNjA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.pexels.com/photos/4604639/pexels-photo-4604639.jpeg/query-YXV0bz1jb21wcmVzcyZjcz10aW55c3JnYiZoPTc1MCZ3PTEyNjA"/></h3>
<p><em>圖片來源：Pexels</em></p>
<p>我將告訴你一個小秘密……</p>
<p>股票的牛市現在已經成為 <strong>國家安全</strong> 的問題。</p>
<p>大約 58% 的美國家庭參與了股市。從實際財富來看，<strong>45%</strong> 的家庭財富投資於股票。是的，幾乎一半的美國人財富與股市息息相關。</p>
<p>僅在這個背景下，股票市場的重大熊市/危機就代表了經濟損失上的國家安全問題。這相當於一種經濟核武器。</p>
<p>但等等……這種關係比大多數人意識到的要深得多。</p>
<p>股票市場實際上就是經濟。</p>
<p>我們正處於一個 “K” 型經濟中，收入/消費者的前 10% 幾乎佔據了所有的消費支出/經濟增長，而收入/消費者的底部 90% 則因通貨膨脹而面臨更高的生活成本的困擾。</p>
<p>前 10% 的家庭，實際上是推動經濟的消費支出的人，擁有超過 90% 的股票。在這種情況下，股票市場的熊市將引發消費支出的巨大下降。由於消費支出佔 GDP 的 70%，這將立即導致經濟衰退。</p>
<p>這並不是誇大其詞。我們在 2025 年 3 月/4 月的貿易戰/關税風波中嚐到了這一點，當時股票在四周內下跌了 18%，抹去了 11 萬億美元的財富。那時，從西南航空到 Chipotle 再到百事可樂的眾多公司警告稱，他們看到消費支出出現了衰退跡象。</p>
<p>股票觸底後情況發生了變化……自那時以來，經濟一直在緩慢增長。</p>
<p>我提到這一切是因為很明顯，聯邦儲備和特朗普政府願意幹預以支撐股票。昨天，紐約聯邦儲備銀行行長約翰·威廉姆斯表示，聯邦儲備將在 12 月降息。</p>
<p>股票在這一消息下暴漲。</p>
<p>這並不新鮮。我們一次又一次地看到股票在崩潰邊緣時，總是被聯邦官員或特朗普總統的推文等 “拯救”。</p>
<p>再説一次……牛市現在已經成為當權者的國家安全問題。在這種背景下，我稱之為全球大融化的局面大門已經打開……一種股票和其他上升資產暴漲到看似荒謬的水平的情況。</p>
<p>現在就是為市場準備這一切的時機，在這一切發生之前。</p>
<hr/>
<p><em>更多來自此作者的文章：</em></p>
<p>金融系統中正在醖釀不好的事情</p>
<p>血腥屠殺已經到來</p>
<p>2026 年將迎來一場流動性海嘯</p>

特朗普媒體科技集團

<p>股市的穩定對國家安全至關重要，45% 的美國家庭財富與股票相關。熊市可能會因消費者支出減少而引發衰退，而消費者支出佔 GDP 的 70%。美聯儲和特朗普政府可能會採取干預措施來支持股市，從而導致潛在的 “全球大融化”</p>

<h3><img src="https://imageproxy.pbkrs.com/https://images.pexels.com/photos/4604639/pexels-photo-4604639.jpeg/query-YXV0bz1jb21wcmVzcyZjcz10aW55c3JnYiZoPTc1MCZ3PTEyNjA" alt="" original-src="https://images.pexels.com/photos/4604639/pexels-photo-4604639.jpeg?auto=compress&amp;cs=tinysrgb&amp;h=750&amp;w=1260"/></h3>
<div class="lb-trans"><h3><img src="https://imageproxy.pbkrs.com/https://images.pexels.com/photos/4604639/pexels-photo-4604639.jpeg/query-YXV0bz1jb21wcmVzcyZjcz10aW55c3JnYiZoPTc1MCZ3PTEyNjA" alt="" original-src="https://images.pexels.com/photos/4604639/pexels-photo-4604639.jpeg?auto=compress&amp;cs=tinysrgb&amp;h=750&amp;w=1260"/></h3>
</div><p><em>Image Source: Pexels</em></p>
<div class="lb-trans"><p><em>圖片來源：Pexels</em></p>
</div><p>I’m going to let you in on a little secret…</p>
<div class="lb-trans"><p>我將告訴你一個小秘密……</p>
</div><p>A bull market in stocks is now a matter of <strong>national security.</strong></p>
<div class="lb-trans"><p>股票的牛市現在已經成為 <strong>國家安全</strong> 的問題。</p>
</div><p>Some 58% of American households have exposure to the stock market. In terms of actual wealth, <strong>45%</strong> of household wealth is invested in stocks. Yes, nearly HALF of the wealth Americans own is tied to the stock market.</p>
<div class="lb-trans"><p>大約 58% 的美國家庭參與了股市。從實際財富來看，<strong>45%</strong> 的家庭財富投資於股票。是的，幾乎一半的美國人財富與股市息息相關。</p>
</div><p>In this context alone, a major bear market/ crisis in stocks represents a matter of national security in terms of economic damage. It’s the equivalent of an economic nuclear weapon.</p>
<div class="lb-trans"><p>僅在這個背景下，股票市場的重大熊市/危機就代表了經濟損失上的國家安全問題。這相當於一種經濟核武器。</p>
</div><p>But wait… this relationship is even deeper than most realize.</p>
<div class="lb-trans"><p>但等等……這種關係比大多數人意識到的要深得多。</p>
</div><p>The stock market is now in fact the economy.</p>
<div class="lb-trans"><p>股票市場實際上就是經濟。</p>
</div><p>We are in a “K” shaped economy in which the top 10% of incomes/ consumers accounts for nearly ALL of consumer spending/ economic growth while the bottom 90% of the incomes/ consumers are struggling with the higher costs of living due to inflation.</p>
<div class="lb-trans"><p>我們正處於一個 “K” 型經濟中，收入/消費者的前 10% 幾乎佔據了所有的消費支出/經濟增長，而收入/消費者的底部 90% 則因通貨膨脹而面臨更高的生活成本的困擾。</p>
</div><p>The top 10% of households, the people who are literally driving the economy due to their consumer spending, own over 90% of stocks. In this context, a bear market in stocks would trigger a massive decline in consumer spending. And since consumer spending accounts for 70% of GDP, this would immediately lead to a recession.</p>
<div class="lb-trans"><p>前 10% 的家庭，實際上是推動經濟的消費支出的人，擁有超過 90% 的股票。在這種情況下，股票市場的熊市將引發消費支出的巨大下降。由於消費支出佔 GDP 的 70%，這將立即導致經濟衰退。</p>
</div><p>This is not hyperbole. We got a taste of this during the trade war/ tariff tantrum in March/ April 2025, when stocks declined 18% in four weeks, erasing $11 trillion in wealth. At that time, numerous companies ranging from Southwest Airlines to Chipotle to PepsiCo warned that they were seeing a pullback in consumer spending that was recessionary.</p>
<div class="lb-trans"><p>這並不是誇大其詞。我們在 2025 年 3 月/4 月的貿易戰/關税風波中嚐到了這一點，當時股票在四周內下跌了 18%，抹去了 11 萬億美元的財富。那時，從西南航空到 Chipotle 再到百事可樂的眾多公司警告稱，他們看到消費支出出現了衰退跡象。</p>
</div><p>Stocks bottomed and this changed… and since that time, the economy has chugged along.</p>
<div class="lb-trans"><p>股票觸底後情況發生了變化……自那時以來，經濟一直在緩慢增長。</p>
</div><p>I bring all of this up because it is clear, plain as day, that the Fed and the Trump administration are willing to intervene to prop up/ support stocks. Yesterday it was NY Fed President John Williams stating that the Fed was going to cut rates in December.</p>
<div class="lb-trans"><p>我提到這一切是因為很明顯，聯邦儲備和特朗普政府願意幹預以支撐股票。昨天，紐約聯邦儲備銀行行長約翰·威廉姆斯表示，聯邦儲備將在 12 月降息。</p>
</div><p>Stocks exploded higher on the news.</p>
<div class="lb-trans"><p>股票在這一消息下暴漲。</p>
</div><p>This is nothing new. Time and again we’ve seen stocks on the verge of breaking down only to be “saved” by a Fed official or President Trump tweeting something, etc.</p>
<div class="lb-trans"><p>這並不新鮮。我們一次又一次地看到股票在崩潰邊緣時，總是被聯邦官員或特朗普總統的推文等 “拯救”。</p>
</div><p>Again… a bull market is now a matter of national security for the Powers That Be. In this context the doors are open to what I call the Great Global Melt Up… a situation in which stocks and other rise assets EXPLODE higher to levels that seem ridiculous.</p>
<div class="lb-trans"><p>再説一次……牛市現在已經成為當權者的國家安全問題。在這種背景下，我稱之為全球大融化的局面大門已經打開……一種股票和其他上升資產暴漲到看似荒謬的水平的情況。</p>
</div><p>The time to prepare for what this means for the markets is NOW before this happens.</p>
<div class="lb-trans"><p>現在就是為市場準備這一切的時機，在這一切發生之前。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多來自此作者的文章：</em></p>
</div><p>Something Bad Is Brewing In The Financial System</p>
<div class="lb-trans"><p>金融系統中正在醖釀不好的事情</p>
</div><p>The Bloodbath Is Here</p>
<div class="lb-trans"><p>血腥屠殺已經到來</p>
</div><p>A Tsunami Of Liquidity Is Coming In 2026</p>
<div class="lb-trans"><p>2026 年將迎來一場流動性海嘯</p>
</div>

為什麼股票拒絕下跌