拐点真的来了。股市、房市的拐点是表面现象,其背后的深层次原因是另两个拐点的出现——社会资金从过剩到紧张以及中国经济增长从高速到放缓。在流动性泛滥的时候,任何资产的价格都在狂飙,理财被异化成了投机炒作。一旦潮水退去,就是满目疮痍。这时,恰是我们重新盘 The turning point is really coming. The inflection point of the stock market and the housing market is a superficial phenomenon. The underlying reason behind the emergence of the other two inflection points is the emergence of social funds from surplus to tension and the slowdown of China’s economic growth from high speed to high. When the liquidity flooded, the price of any asset was soaring and the financial management was alienated into a speculative speculation. Once the tide receded, it was devastating. At this time, it is precisely we re-plate