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TOM来自地球

TOM来自地球

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TOM来自地球

2021-06-11

Tiger is here！

One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.

TOM来自地球

2021-06-11

Tiger is here！

Learning from history: the deduction and impact of soaring US inflation

TOM来自地球

2021-06-11

Tiger is here！

Learning from history: the deduction and impact of soaring US inflation

TOM来自地球

2021-06-11

Tiger is here！

One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.

TOM来自地球

2021-06-11

Tiger is here！

TOM来自地球

2020-10-01

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2020-04-14

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2020-04-07

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TOM来自地球

2020-04-07

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2020-04-06

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Samsung will release its first quarterly financial report of the year next week, with projected revenue of $44.9 billion.

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2020-02-11

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2020-02-04

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TOM来自地球

2019-09-09

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2019-09-08

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2019-09-07

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2019-09-06

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2019-09-04

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2019-09-03

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2019-09-02

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2019-09-01

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is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188149181","repostId":"1140839418","repostType":2,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://ttm.financial/m/news/1140839418?lang=en_US&edition=fundamental","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>","source":"txkj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-11 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":6675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188125472,"gmtCreate":1623425050596,"gmtModify":1704203456532,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188125472","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Learning from history: the deduction and impact of soaring US inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188946599,"gmtCreate":1623420334111,"gmtModify":1704203209982,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188946599","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Learning from history: the deduction and impact of soaring US inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188952819,"gmtCreate":1623420125331,"gmtModify":1704203197858,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188952819","repostId":"1140839418","repostType":2,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://ttm.financial/m/news/1140839418?lang=en_US&edition=fundamental","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>","source":"txkj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-11 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":5073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188938437,"gmtCreate":1623419017829,"gmtModify":1704203125465,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188938437","isVote":1,"tweetType":1,"viewCount":5750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":977879519,"gmtCreate":1601517355631,"gmtModify":1705067471575,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666","listText":"6666666","text":"6666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/977879519","repostId":"1141580365","repostType":2,"isVote":1,"tweetType":1,"viewCount":5018,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":928592982,"gmtCreate":1586822027646,"gmtModify":1705301969080,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"66666666666","listText":"66666666666","text":"66666666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/928592982","repostId":"1133551530","repostType":2,"isVote":1,"tweetType":1,"viewCount":4320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":921808444,"gmtCreate":1586219620588,"gmtModify":1705300283402,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666","listText":"6666666","text":"6666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/921808444","repostId":"1181961287","repostType":2,"isVote":1,"tweetType":1,"viewCount":4551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":921808260,"gmtCreate":1586219560750,"gmtModify":1705300283075,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666666","listText":"6666666666","text":"6666666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/921808260","repostId":"1114654243","repostType":2,"isVote":1,"tweetType":1,"viewCount":4469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":921928336,"gmtCreate":1586130858925,"gmtModify":1705299969575,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666666","listText":"6666666666","text":"6666666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/921928336","repostId":"2025448364","repostType":2,"repost":{"id":"2025448364","kind":"highlight","pubTimestamp":1586129722,"share":"https://ttm.financial/m/news/2025448364?lang=en_US&edition=fundamental","pubTime":"2020-04-06 07:35","market":"us","language":"zh","title":"Samsung will release its first quarterly financial report of the year next week, with projected revenue of $44.9 billion.","url":"https://stock-news.laohu8.com/highlight/detail?id=2025448364","media":"TechWeb","summary":"据国外媒体报道，三星将于下周公布其2020年的首个季度财报。该公司预计，2020年第一季度，该公司将实现55.3万亿韩元（449亿美元）的营收，与去年同期相比，同比增长5.5%。然而，该公司的营业利润","content":"<p>According to foreign media reports, Samsung will release its first quarterly financial report for 2020 next week. The company expects to achieve revenue of 55.3 trillion won (US$44.9 billion) in the first quarter of 2020, a year-on-year increase of 5.5%. However, the company's operating profit is expected to fall 0.09% to 6.22 trillion won ($5 billion).</p><p>Last year, Samsung's semiconductor business performed poorly due to the sluggish memory chip industry. However, in mid-March, foreign media reported that despite concerns about the novel coronavirus, the company expects chip demand to continue to grow this year.</p><p>Analysts say Samsung's semiconductor business will allow the company to survive due to growing sales of memory and memory chips used in servers.</p><p>Previously, Samsung stated that the global smartphone market was expected to shrink this year, but demand for 5G smartphones would increase.</p><p>Hana Financial Investment estimates that Samsung's smartphone sales will be around 62.2 million units in the first quarter of 2020, down from 71.5 million units last year.</p><p>In addition, analysts believe that the decline in smartphone sales will continue until the third quarter of 2020, but this figure will rise starting from the fourth quarter of this year.</p><p>Recently, due to the impact of the novel coronavirus pneumonia epidemic, Samsung has closed some of its manufacturing plants and stores around the world.</p><p>On March 20, Samsung announced on its U.S. and Canadian websites that it had closed all of its stores in the U.S. and Canada to minimize the spread of the novel coronavirus, a measure that took effect on March 17 (Tuesday). The company did not disclose when these stores would reopen, but it would certainly take several weeks, or even longer.</p><p>On March 25, the company added that it had decided to temporarily close all of its retail stores in Brazil to help curb the spread of the novel coronavirus. The day before, the company decided to suspend operations at its Manaus manufacturing plant in the Amazon region of northern Brazil from March 24 to March 29.</p><p>Last Friday, Samsung said it had decided to close two of its manufacturing plants in Campinas, southeast of São Paulo, Brazil, for two weeks starting April 30 to ensure the safety of factory workers.</p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Samsung will release its first quarterly financial report of the year next week, with projected revenue of $44.9 billion.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSamsung will release its first quarterly financial report of the year next week, with projected revenue of $44.9 billion.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TechWeb</strong><span class=\"h-time small\">2020-04-06 07:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to foreign media reports, Samsung will release its first quarterly financial report for 2020 next week. The company expects to achieve revenue of 55.3 trillion won (US$44.9 billion) in the first quarter of 2020, a year-on-year increase of 5.5%. However, the company's operating profit is expected to fall 0.09% to 6.22 trillion won ($5 billion).</p><p>Last year, Samsung's semiconductor business performed poorly due to the sluggish memory chip industry. However, in mid-March, foreign media reported that despite concerns about the novel coronavirus, the company expects chip demand to continue to grow this year.</p><p>Analysts say Samsung's semiconductor business will allow the company to survive due to growing sales of memory and memory chips used in servers.</p><p>Previously, Samsung stated that the global smartphone market was expected to shrink this year, but demand for 5G smartphones would increase.</p><p>Hana Financial Investment estimates that Samsung's smartphone sales will be around 62.2 million units in the first quarter of 2020, down from 71.5 million units last year.</p><p>In addition, analysts believe that the decline in smartphone sales will continue until the third quarter of 2020, but this figure will rise starting from the fourth quarter of this year.</p><p>Recently, due to the impact of the novel coronavirus pneumonia epidemic, Samsung has closed some of its manufacturing plants and stores around the world.</p><p>On March 20, Samsung announced on its U.S. and Canadian websites that it had closed all of its stores in the U.S. and Canada to minimize the spread of the novel coronavirus, a measure that took effect on March 17 (Tuesday). The company did not disclose when these stores would reopen, but it would certainly take several weeks, or even longer.</p><p>On March 25, the company added that it had decided to temporarily close all of its retail stores in Brazil to help curb the spread of the novel coronavirus. The day before, the company decided to suspend operations at its Manaus manufacturing plant in the Amazon region of northern Brazil from March 24 to March 29.</p><p>Last Friday, Samsung said it had decided to close two of its manufacturing plants in Campinas, southeast of São Paulo, Brazil, for two weeks starting April 30 to ensure the safety of factory workers.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://tech.sina.cn/2020-04-05/detail-iimxxsth3769112.d.html?vt=4\">TechWeb</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/401e91318f4c894b05d79997a577693f","relate_stocks":{"SMSN.UK":"三星"},"source_url":"https://tech.sina.cn/2020-04-05/detail-iimxxsth3769112.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2025448364","content_text":"据国外媒体报道，三星将于下周公布其2020年的首个季度财报。该公司预计，2020年第一季度，该公司将实现55.3万亿韩元（449亿美元）的营收，与去年同期相比，同比增长5.5%。然而，该公司的营业利润预计将下降0.09%，至6.22万亿韩元（50亿美元）。\n去年，三星的半导体业务业绩不佳，原因是内存芯片行业不景气。但3月中旬，外媒报道称，虽然对新型冠状病毒存在担忧，该公司预计，今年的芯片需求仍将增长。\n分析人士表示，由于用于服务器的内存和存储芯片销量的增长，三星的半导体业务将使该公司得以维持下去。\n此前，三星表示，全球智能手机市场预计今年将出现萎缩，但对5G智能手机的需求将会增加。\nHana Financial Investment估计，2020年第一季度，三星的智能手机销量将在6220万部左右，与去年的7150万部相比有所下降。\n另外，分析师认为，智能手机销量的下滑将持续到2020年第三季度，但从今年第四季度开始这一数字将上升。\n近期，由于受新型冠状病毒感染肺炎疫情影响，三星已经关闭了它在全球的一些制造工厂和门店。\n3月20日，三星在美国和加拿大网站上发布公告称，它已经关闭了其在美国和加拿大的所有门店，以尽量减少新型冠状病毒的传播，这项措施已于3月17日（本周二）生效。该公司没有透露这些门店何时重新开业，但肯定需要几周时间，甚至更久。\n3月25日，该公司又表示，它已决定暂时关闭其在巴西的所有零售店，以帮助遏制新型冠状病毒的传播。而在前一天，该公司决定在3月24日到3月29日期间暂停其位于巴西北部亚马孙地区马瑙斯制造厂的运营。\n上周五，三星表示，已决定从4月30日起关闭其位于巴西圣保罗东南部坎皮纳斯的两家生产工厂两周，以保证工厂工人的安全。","news_type":1,"symbols_score_info":{"SMSN.UK":0.9}},"isVote":1,"tweetType":1,"viewCount":4616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":914276678,"gmtCreate":1581379847694,"gmtModify":1705426005995,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"666666666","listText":"666666666","text":"666666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/914276678","repostId":"2010224801","repostType":2,"isVote":1,"tweetType":1,"viewCount":1835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":915833539,"gmtCreate":1580771629921,"gmtModify":1705424349068,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666","listText":"6666666","text":"6666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/915833539","repostId":"1141330985","repostType":2,"isVote":1,"tweetType":1,"viewCount":1662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":930960885,"gmtCreate":1567983634147,"gmtModify":1705403113294,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"66666666","listText":"66666666","text":"66666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/930960885","isVote":1,"tweetType":1,"viewCount":1432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":930995472,"gmtCreate":1567899827896,"gmtModify":1705403075706,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"666666","listText":"666666","text":"666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/930995472","isVote":1,"tweetType":1,"viewCount":1773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":930055123,"gmtCreate":1567813903362,"gmtModify":1705403024886,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666","listText":"6666666","text":"6666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/930055123","isVote":1,"tweetType":1,"viewCount":2190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":997731936,"gmtCreate":1567723382425,"gmtModify":1705402834309,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666","listText":"6666666","text":"6666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/997731936","isVote":1,"tweetType":1,"viewCount":1896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":997231948,"gmtCreat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is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188149181","repostId":"1140839418","repostType":2,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://ttm.financial/m/news/1140839418?lang=en_US&edition=fundamental","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>","source":"txkj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-11 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":6675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188125472,"gmtCreate":1623425050596,"gmtModify":1704203456532,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188125472","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Learning from history: the deduction and impact of soaring US inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188946599,"gmtCreate":1623420334111,"gmtModify":1704203209982,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188946599","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Learning from history: the deduction and impact of soaring US inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188952819,"gmtCreate":1623420125331,"gmtModify":1704203197858,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188952819","repostId":"1140839418","repostType":2,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://ttm.financial/m/news/1140839418?lang=en_US&edition=fundamental","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>","source":"txkj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-11 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":5073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188938437,"gmtCreate":1623419017829,"gmtModify":1704203125465,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"Tiger is here！","listText":"Tiger is here！","text":"Tiger is here！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188938437","isVote":1,"tweetType":1,"viewCount":5750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":921808444,"gmtCreate":1586219620588,"gmtModify":1705300283402,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666","listText":"6666666","text":"6666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/921808444","repostId":"1181961287","repostType":2,"isVote":1,"tweetType":1,"viewCount":4551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":995831009,"gmtCreate":1565908369701,"gmtModify":1705399710065,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"666666","listText":"666666","text":"666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/995831009","isVote":1,"tweetType":1,"viewCount":1321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":977879519,"gmtCreate":1601517355631,"gmtModify":1705067471575,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"6666666","listText":"6666666","text":"6666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/977879519","repostId":"1141580365","repostType":2,"isVote":1,"tweetType":1,"viewCount":5018,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":928592982,"gmtCreate":1586822027646,"gmtModify":1705301969080,"author":{"id":"3482812247067823","authorId":"3482812247067823","name":"TOM来自地球","avatar":"https://static.tigerbbs.com/f62d3fe0acb115f1b12da9e6288103dd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3482812247067823","authorIdStr":"3482812247067823"},"themes":[],"title":"","htmlText":"66666666666","listText":"66666666666","text":"66666666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/928592982","repostId":"1133551530","repostType":2,"isVote":1,"tweetType":1,"viewCount":4320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}