TNGK personal page - To The Moon

TNGK

TNGK

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2021-06-14

Tiger is here!

@小虎活动:【七週年有獎活動】老虎大搜查

2021-06-14

Tiger is everywhere.

@小虎活动:【七週年有獎活動】老虎大搜查

2021-06-14

Tiger is here!

@小虎AV:【直播預告】看老虎7週年直播，贏全球限量大禮包！

2021-06-14

Tiger is here!

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

2021-06-14

Tiger is here!

@胖虎哒哒:數字外包商TaskUs上市，內容審覈是門好生意嗎？

2021-06-14

Tiger is here!

@荒野侦探:【財富密碼】WSB新寵：CLOV，WISH，WEN，SOFI

2021-06-14

Tiger is here!

@小虎活动:【七週年有獎活動】老虎大搜查

2021-06-14

Tiger is here!

Go to Tiger App to see more news

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Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","listText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。$老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/a68764092316d627481e92e568cf659c","width":"1030","height":"598"},{"img":"https://static.tigerbbs.com/78fc7ba04a357f5a1bc9cf142a9cb39f","width":"1334","height":"1204"},{"img":"https://static.tigerbbs.com/81a49a419aa2c089abf33db97c300fba","width":"3840","height":"2560"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181890541","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185683382,"gmtCreate":1623646048446,"gmtModify":1704207746126,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185683382","repostId":"180565197","repostType":1,"repost":{"id":180565197,"gmtCreate":1623213155015,"gmtModify":1704198497525,"author":{"id":"3514329116425907","authorId":"3514329116425907","name":"小虎AV","avatar":"https://static.tigerbbs.com/91101bd3142b32495c3131036d5f8afa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3514329116425907","idStr":"3514329116425907"},"themes":[],"title":"【直播預告】看老虎7週年直播，贏全球限量大禮包！","htmlText":"端午節將至，A醬提前預祝各位虎友們端午節快樂又安康！今天，A醬還將告訴大家一個好消息~ 自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播! 同時，我們也將在直播間進行抽獎活動： 【抽獎環節】：本次Open&nbsp;Day直播共有四輪抽獎環節，主持人會在15：00、16：00、17：00、17：40四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！ 【抽獎地址】老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a> 【抽獎時間】6月12日15：00、16：00、17：00、17：40； 【活動獎品】：老虎7週年全球限量大禮包 【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~ 【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 微信領取獎品，微信號是tigerbrokers。 Open&nbsp;Day直播將於北京時間6月12日下午14：00正式開始，虎友可以通過以下幾種方式觀看直播 觀看方式1：預約直播入口：&nbsp;","listText":"端午節將至，A醬提前預祝各位虎友們端午節快樂又安康！今天，A醬還將告訴大家一個好消息~ 自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播! 同時，我們也將在直播間進行抽獎活動： 【抽獎環節】：本次Open&nbsp;Day直播共有四輪抽獎環節，主持人會在15：00、16：00、17：00、17：40四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！ 【抽獎地址】老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a> 【抽獎時間】6月12日15：00、16：00、17：00、17：40； 【活動獎品】：老虎7週年全球限量大禮包 【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~ 【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 微信領取獎品，微信號是tigerbrokers。 Open&nbsp;Day直播將於北京時間6月12日下午14：00正式開始，虎友可以通過以下幾種方式觀看直播 觀看方式1：預約直播入口：&nbsp;","text":"端午節將至，A醬提前預祝各位虎友們端午節快樂又安康！今天，A醬還將告訴大家一個好消息~ 自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open Day 見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播! 同時，我們也將在直播間進行抽獎活動： 【抽獎環節】：本次Open Day直播共有四輪抽獎環節，主持人會在15：00、16：00、17：00、17：40四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！ 【抽獎地址】老虎直播間：老虎七週年：在全球與你不期而遇 【抽獎時間】6月12日15：00、16：00、17：00、17：40； 【活動獎品】：老虎7週年全球限量大禮包 【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~ 【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。 Open Day直播將於北京時間6月12日下午14：00正式開始，虎友可以通過以下幾種方式觀看直播 觀看方式1：預約直播入口：","images":[{"img":"https://static.tigerbbs.com/79fc836f70c1b20a51b0e51e5c7468ba","width":"340","height":"340"},{"img":"https://static.tigerbbs.com/b6c5a0f4692227c31def72bb08e3f3c0","width":"751","height":"422"},{"img":"https://static.tigerbbs.com/7c6d4bfeef80b0a7daa0346a11662f0c","width":"553","height":"737"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180565197","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185680950,"gmtCreate":1623645976270,"gmtModify":1704207743372,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185680950","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":4007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185617536,"gmtCreate":1623645960625,"gmtModify":1704207742886,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185617536","repostId":"183695030","repostType":1,"repost":{"id":183695030,"gmtCreate":1623326880616,"gmtModify":1704200932765,"author":{"id":"3510558082622800","authorId":"3510558082622800","name":"胖虎哒哒","avatar":"https://static.tigerbbs.com/75b95d9326c02813b7b87ba8c1eccb5a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3510558082622800","idStr":"3510558082622800"},"themes":[],"title":"數字外包商TaskUs上市，內容審覈是門好生意嗎？","htmlText":"審覈對於大家來說應該都不陌生，不論海內外但凡具備一定社交屬性的平臺都有審覈的需求，那麼內容審覈有多掙錢？審覈外包是門好生意嗎？一起來看下垂類審覈第一股<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 的招股書都透露了哪些信息？ 招股信息： 股票代碼：<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 上市時間：6月12日 發行規模：1320萬股 發行價格：22-24美元 估值：23億美元 募資規模：3.04億美元 募資用途：用於一般公司用途，其中可能包括但不限於未來的收購。 主承銷商：高盛、摩根大通 機構持倉：雖然招股書上寫task的大股東是公司供應商，但是實控人其實是黑石集團，前持股比例67.2%。 業務：客服+審覈+打標籤=大科技公司的貼心助手 Task是一家數字外包商，專注於爲高增長的技術公司提供外包服務，公司的全球全渠道交付模式專注於爲客戶提供三項關鍵服務——數字客戶體驗、內容安全和人工智能運營。 Task號稱是該行業中唯一一家年收入超過 2.5 億美元且有機增長 100% 的公司，這導致運營和文化的一致性，爲未來的有機或無機潛在增長奠定了堅實的基礎。這一戰略幫助 TaskUs 在 2017 年至 2020 年期間實現了 60% 的複合年增長率。 我的好奇點是，他們是如何做到的？ 根據招股書，TaskUs平臺是圍繞以下三種服務產品專門構建和組織的: 數字客戶體驗:主要包括全渠道客戶關懷服務，主要通過數字(非語音)渠道提供。其他解決方案包括新產品或市場發佈的客戶關懷服務，信任和安全解決方案和客戶獲取解決方案。 內容安全:主要包括審查和處置用戶和廣告商產生的內容，其中包括","listText":"審覈對於大家來說應該都不陌生，不論海內外但凡具備一定社交屬性的平臺都有審覈的需求，那麼內容審覈有多掙錢？審覈外包是門好生意嗎？一起來看下垂類審覈第一股<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 的招股書都透露了哪些信息？ 招股信息： 股票代碼：<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 上市時間：6月12日 發行規模：1320萬股 發行價格：22-24美元 估值：23億美元 募資規模：3.04億美元 募資用途：用於一般公司用途，其中可能包括但不限於未來的收購。 主承銷商：高盛、摩根大通 機構持倉：雖然招股書上寫task的大股東是公司供應商，但是實控人其實是黑石集團，前持股比例67.2%。 業務：客服+審覈+打標籤=大科技公司的貼心助手 Task是一家數字外包商，專注於爲高增長的技術公司提供外包服務，公司的全球全渠道交付模式專注於爲客戶提供三項關鍵服務——數字客戶體驗、內容安全和人工智能運營。 Task號稱是該行業中唯一一家年收入超過 2.5 億美元且有機增長 100% 的公司，這導致運營和文化的一致性，爲未來的有機或無機潛在增長奠定了堅實的基礎。這一戰略幫助 TaskUs 在 2017 年至 2020 年期間實現了 60% 的複合年增長率。 我的好奇點是，他們是如何做到的？ 根據招股書，TaskUs平臺是圍繞以下三種服務產品專門構建和組織的: 數字客戶體驗:主要包括全渠道客戶關懷服務，主要通過數字(非語音)渠道提供。其他解決方案包括新產品或市場發佈的客戶關懷服務，信任和安全解決方案和客戶獲取解決方案。 內容安全:主要包括審查和處置用戶和廣告商產生的內容，其中包括","text":"審覈對於大家來說應該都不陌生，不論海內外但凡具備一定社交屬性的平臺都有審覈的需求，那麼內容審覈有多掙錢？審覈外包是門好生意嗎？一起來看下垂類審覈第一股$TaskUs Inc.(TASK)$ 的招股書都透露了哪些信息？ 招股信息： 股票代碼：$TaskUs Inc.(TASK)$ 上市時間：6月12日 發行規模：1320萬股 發行價格：22-24美元 估值：23億美元 募資規模：3.04億美元 募資用途：用於一般公司用途，其中可能包括但不限於未來的收購。 主承銷商：高盛、摩根大通 機構持倉：雖然招股書上寫task的大股東是公司供應商，但是實控人其實是黑石集團，前持股比例67.2%。 業務：客服+審覈+打標籤=大科技公司的貼心助手 Task是一家數字外包商，專注於爲高增長的技術公司提供外包服務，公司的全球全渠道交付模式專注於爲客戶提供三項關鍵服務——數字客戶體驗、內容安全和人工智能運營。 Task號稱是該行業中唯一一家年收入超過 2.5 億美元且有機增長 100% 的公司，這導致運營和文化的一致性，爲未來的有機或無機潛在增長奠定了堅實的基礎。這一戰略幫助 TaskUs 在 2017 年至 2020 年期間實現了 60% 的複合年增長率。 我的好奇點是，他們是如何做到的？ 根據招股書，TaskUs平臺是圍繞以下三種服務產品專門構建和組織的: 數字客戶體驗:主要包括全渠道客戶關懷服務，主要通過數字(非語音)渠道提供。其他解決方案包括新產品或市場發佈的客戶關懷服務，信任和安全解決方案和客戶獲取解決方案。 內容安全:主要包括審查和處置用戶和廣告商產生的內容，其中包括","images":[{"img":"https://static.tigerbbs.com/73d3c70a45208e1f747edd2df6f3b063","width":"1197","height":"331"},{"img":"https://static.tigerbbs.com/c6b8e35bf9b35a4d9581832ab1aac944","width":"1532","height":"622"},{"img":"https://static.tigerbbs.com/09e62f1a0cdd801336422d9c75063fb5","width":"1039","height":"489"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183695030","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185617094,"gmtCreate":1623645935918,"gmtModify":1704207741913,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185617094","repostId":"180747508","repostType":1,"repost":{"id":180747508,"gmtCreate":1623229412300,"gmtModify":1704198820906,"author":{"id":"3480300888703096","authorId":"3480300888703096","name":"荒野侦探","avatar":"https://static.tigerbbs.com/676ca151c5979a45c1864347e2da198a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3480300888703096","idStr":"3480300888703096"},"themes":[],"title":"【財富密碼】WSB新寵：CLOV，WISH，WEN，SOFI","htmlText":"最早是<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$遊戲驛站(GME)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/AMC\">$AMC院線(AMC)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/BB\">$黑莓(BB)$</a> ， 之後是<a target=\"_blank\" href=\"https://laohu8.com/S/KOSS\">$高斯電子(KOSS)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/EXPR\">$Express(EXPR)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/BBBY\">$3B家居(BBBY)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/NAKD\">$Naked Brand Group Inc(NAKD)$</a> ， 最新是<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> （昨天漲85.8%），<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a> （昨天漲49.9%盤後繼續飆升），","listText":"最早是<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$遊戲驛站(GME)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/AMC\">$AMC院線(AMC)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/BB\">$黑莓(BB)$</a> ， 之後是<a target=\"_blank\" href=\"https://laohu8.com/S/KOSS\">$高斯電子(KOSS)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/EXPR\">$Express(EXPR)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/BBBY\">$3B家居(BBBY)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/NAKD\">$Naked Brand Group Inc(NAKD)$</a> ， 最新是<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> （昨天漲85.8%），<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a> （昨天漲49.9%盤後繼續飆升），","text":"最早是$遊戲驛站(GME)$ ，$AMC院線(AMC)$ ，$黑莓(BB)$ ， 之後是$高斯電子(KOSS)$ ，$Sundial Growers Inc.(SNDL)$ ，$Express(EXPR)$ 、$3B家居(BBBY)$ ，$Naked Brand Group Inc(NAKD)$ ， 最新是$Clover Health Corp(CLOV)$ （昨天漲85.8%），$ContextLogic Inc.(WISH)$ （昨天漲49.9%盤後繼續飆升），","images":[{"img":"https://static.tigerbbs.com/0eed97d8142aedbd32ebfa1d62eef481","width":"214","height":"286"},{"img":"https://static.tigerbbs.com/edd7cd1d8a76129decfa04a788dc1751","width":"1812","height":"681"},{"img":"https://static.tigerbbs.com/888266736d30be99dcde9500be3b6c72","width":"1281","height":"721"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180747508","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185614628,"gmtCreate":1623645915264,"gmtModify":1704207741267,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"themes":[],"title":"","htmlText":"Tiger 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Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","listText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。$老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/a68764092316d627481e92e568cf659c","width":"1030","height":"598"},{"img":"https://static.tigerbbs.com/78fc7ba04a357f5a1bc9cf142a9cb39f","width":"1334","height":"1204"},{"img":"https://static.tigerbbs.com/81a49a419aa2c089abf33db97c300fba","width":"3840","height":"2560"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181890541","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":6764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185688779,"gmtCreate":1623646142391,"gmtModify":1704207750275,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"themes":[],"title":"","htmlText":"Tiger is everywhere.","listText":"Tiger is everywhere.","text":"Tiger is everywhere.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185688779","repostId":"181890541","repostType":1,"repost":{"id":181890541,"gmtCreate":1623382661279,"gmtModify":1704202157378,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"【七週年有獎活動】老虎大搜查","htmlText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","listText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。$老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/a68764092316d627481e92e568cf659c","width":"1030","height":"598"},{"img":"https://static.tigerbbs.com/78fc7ba04a357f5a1bc9cf142a9cb39f","width":"1334","height":"1204"},{"img":"https://static.tigerbbs.com/81a49a419aa2c089abf33db97c300fba","width":"3840","height":"2560"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181890541","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185683382,"gmtCreate":1623646048446,"gmtModify":1704207746126,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185683382","repostId":"180565197","repostType":1,"repost":{"id":180565197,"gmtCreate":1623213155015,"gmtModify":1704198497525,"author":{"id":"3514329116425907","authorId":"3514329116425907","name":"小虎AV","avatar":"https://static.tigerbbs.com/91101bd3142b32495c3131036d5f8afa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3514329116425907","idStr":"3514329116425907"},"themes":[],"title":"【直播預告】看老虎7週年直播，贏全球限量大禮包！","htmlText":"端午節將至，A醬提前預祝各位虎友們端午節快樂又安康！今天，A醬還將告訴大家一個好消息~ 自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播! 同時，我們也將在直播間進行抽獎活動： 【抽獎環節】：本次Open&nbsp;Day直播共有四輪抽獎環節，主持人會在15：00、16：00、17：00、17：40四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！ 【抽獎地址】老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a> 【抽獎時間】6月12日15：00、16：00、17：00、17：40； 【活動獎品】：老虎7週年全球限量大禮包 【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~ 【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 微信領取獎品，微信號是tigerbrokers。 Open&nbsp;Day直播將於北京時間6月12日下午14：00正式開始，虎友可以通過以下幾種方式觀看直播 觀看方式1：預約直播入口：&nbsp;","listText":"端午節將至，A醬提前預祝各位虎友們端午節快樂又安康！今天，A醬還將告訴大家一個好消息~ 自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open&nbsp;Day&nbsp;見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播! 同時，我們也將在直播間進行抽獎活動： 【抽獎環節】：本次Open&nbsp;Day直播共有四輪抽獎環節，主持人會在15：00、16：00、17：00、17：40四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！ 【抽獎地址】老虎直播間：<a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16226253307800&quot;}\" target=\"_blank\">老虎七週年：在全球與你不期而遇</a> 【抽獎時間】6月12日15：00、16：00、17：00、17：40； 【活動獎品】：老虎7週年全球限量大禮包 【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~ 【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 微信領取獎品，微信號是tigerbrokers。 Open&nbsp;Day直播將於北京時間6月12日下午14：00正式開始，虎友可以通過以下幾種方式觀看直播 觀看方式1：預約直播入口：&nbsp;","text":"端午節將至，A醬提前預祝各位虎友們端午節快樂又安康！今天，A醬還將告訴大家一個好消息~ 自2014年成立以來，老虎已經陪伴虎友一起走過了7年時光，爲了回饋大家的支持與信賴，也爲了讓我們與虎友們彼此有更多的瞭解與溝通；6月12日，我們將在北京舉辦Open Day 見面會，屆時社區將爲無法來到現場相聚的虎友們同步進行線上直播! 同時，我們也將在直播間進行抽獎活動： 【抽獎環節】：本次Open Day直播共有四輪抽獎環節，主持人會在15：00、16：00、17：00、17：40四個時間節點在直播間進行提問，參與搶答問題的虎友將有機會贏得老虎全球限量大禮包！ 【抽獎地址】老虎直播間：老虎七週年：在全球與你不期而遇 【抽獎時間】6月12日15：00、16：00、17：00、17：40； 【活動獎品】：老虎7週年全球限量大禮包 【抽獎規則】：每輪抽獎主持人提問或發出口令後，虎友們需要第一時間在直播間評論區敲出答案獲對應口令，工作人員將隨機截取3位回答正確的幸運觀衆，送出老虎7週年全球限量大禮包哦~ 【獎品發放】中獎名單將當場公佈，屆時中獎的虎友請主動添加@愛發紅包的虎妞 微信領取獎品，微信號是tigerbrokers。 Open Day直播將於北京時間6月12日下午14：00正式開始，虎友可以通過以下幾種方式觀看直播 觀看方式1：預約直播入口：","images":[{"img":"https://static.tigerbbs.com/79fc836f70c1b20a51b0e51e5c7468ba","width":"340","height":"340"},{"img":"https://static.tigerbbs.com/b6c5a0f4692227c31def72bb08e3f3c0","width":"751","height":"422"},{"img":"https://static.tigerbbs.com/7c6d4bfeef80b0a7daa0346a11662f0c","width":"553","height":"737"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180565197","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185680950,"gmtCreate":1623645976270,"gmtModify":1704207743372,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185680950","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":4007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185617536,"gmtCreate":1623645960625,"gmtModify":1704207742886,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185617536","repostId":"183695030","repostType":1,"repost":{"id":183695030,"gmtCreate":1623326880616,"gmtModify":1704200932765,"author":{"id":"3510558082622800","authorId":"3510558082622800","name":"胖虎哒哒","avatar":"https://static.tigerbbs.com/75b95d9326c02813b7b87ba8c1eccb5a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3510558082622800","idStr":"3510558082622800"},"themes":[],"title":"數字外包商TaskUs上市，內容審覈是門好生意嗎？","htmlText":"審覈對於大家來說應該都不陌生，不論海內外但凡具備一定社交屬性的平臺都有審覈的需求，那麼內容審覈有多掙錢？審覈外包是門好生意嗎？一起來看下垂類審覈第一股<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 的招股書都透露了哪些信息？ 招股信息： 股票代碼：<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 上市時間：6月12日 發行規模：1320萬股 發行價格：22-24美元 估值：23億美元 募資規模：3.04億美元 募資用途：用於一般公司用途，其中可能包括但不限於未來的收購。 主承銷商：高盛、摩根大通 機構持倉：雖然招股書上寫task的大股東是公司供應商，但是實控人其實是黑石集團，前持股比例67.2%。 業務：客服+審覈+打標籤=大科技公司的貼心助手 Task是一家數字外包商，專注於爲高增長的技術公司提供外包服務，公司的全球全渠道交付模式專注於爲客戶提供三項關鍵服務——數字客戶體驗、內容安全和人工智能運營。 Task號稱是該行業中唯一一家年收入超過 2.5 億美元且有機增長 100% 的公司，這導致運營和文化的一致性，爲未來的有機或無機潛在增長奠定了堅實的基礎。這一戰略幫助 TaskUs 在 2017 年至 2020 年期間實現了 60% 的複合年增長率。 我的好奇點是，他們是如何做到的？ 根據招股書，TaskUs平臺是圍繞以下三種服務產品專門構建和組織的: 數字客戶體驗:主要包括全渠道客戶關懷服務，主要通過數字(非語音)渠道提供。其他解決方案包括新產品或市場發佈的客戶關懷服務，信任和安全解決方案和客戶獲取解決方案。 內容安全:主要包括審查和處置用戶和廣告商產生的內容，其中包括","listText":"審覈對於大家來說應該都不陌生，不論海內外但凡具備一定社交屬性的平臺都有審覈的需求，那麼內容審覈有多掙錢？審覈外包是門好生意嗎？一起來看下垂類審覈第一股<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 的招股書都透露了哪些信息？ 招股信息： 股票代碼：<a target=\"_blank\" href=\"https://laohu8.com/S/TASK\">$TaskUs Inc.(TASK)$</a> 上市時間：6月12日 發行規模：1320萬股 發行價格：22-24美元 估值：23億美元 募資規模：3.04億美元 募資用途：用於一般公司用途，其中可能包括但不限於未來的收購。 主承銷商：高盛、摩根大通 機構持倉：雖然招股書上寫task的大股東是公司供應商，但是實控人其實是黑石集團，前持股比例67.2%。 業務：客服+審覈+打標籤=大科技公司的貼心助手 Task是一家數字外包商，專注於爲高增長的技術公司提供外包服務，公司的全球全渠道交付模式專注於爲客戶提供三項關鍵服務——數字客戶體驗、內容安全和人工智能運營。 Task號稱是該行業中唯一一家年收入超過 2.5 億美元且有機增長 100% 的公司，這導致運營和文化的一致性，爲未來的有機或無機潛在增長奠定了堅實的基礎。這一戰略幫助 TaskUs 在 2017 年至 2020 年期間實現了 60% 的複合年增長率。 我的好奇點是，他們是如何做到的？ 根據招股書，TaskUs平臺是圍繞以下三種服務產品專門構建和組織的: 數字客戶體驗:主要包括全渠道客戶關懷服務，主要通過數字(非語音)渠道提供。其他解決方案包括新產品或市場發佈的客戶關懷服務，信任和安全解決方案和客戶獲取解決方案。 內容安全:主要包括審查和處置用戶和廣告商產生的內容，其中包括","text":"審覈對於大家來說應該都不陌生，不論海內外但凡具備一定社交屬性的平臺都有審覈的需求，那麼內容審覈有多掙錢？審覈外包是門好生意嗎？一起來看下垂類審覈第一股$TaskUs Inc.(TASK)$ 的招股書都透露了哪些信息？ 招股信息： 股票代碼：$TaskUs Inc.(TASK)$ 上市時間：6月12日 發行規模：1320萬股 發行價格：22-24美元 估值：23億美元 募資規模：3.04億美元 募資用途：用於一般公司用途，其中可能包括但不限於未來的收購。 主承銷商：高盛、摩根大通 機構持倉：雖然招股書上寫task的大股東是公司供應商，但是實控人其實是黑石集團，前持股比例67.2%。 業務：客服+審覈+打標籤=大科技公司的貼心助手 Task是一家數字外包商，專注於爲高增長的技術公司提供外包服務，公司的全球全渠道交付模式專注於爲客戶提供三項關鍵服務——數字客戶體驗、內容安全和人工智能運營。 Task號稱是該行業中唯一一家年收入超過 2.5 億美元且有機增長 100% 的公司，這導致運營和文化的一致性，爲未來的有機或無機潛在增長奠定了堅實的基礎。這一戰略幫助 TaskUs 在 2017 年至 2020 年期間實現了 60% 的複合年增長率。 我的好奇點是，他們是如何做到的？ 根據招股書，TaskUs平臺是圍繞以下三種服務產品專門構建和組織的: 數字客戶體驗:主要包括全渠道客戶關懷服務，主要通過數字(非語音)渠道提供。其他解決方案包括新產品或市場發佈的客戶關懷服務，信任和安全解決方案和客戶獲取解決方案。 內容安全:主要包括審查和處置用戶和廣告商產生的內容，其中包括","images":[{"img":"https://static.tigerbbs.com/73d3c70a45208e1f747edd2df6f3b063","width":"1197","height":"331"},{"img":"https://static.tigerbbs.com/c6b8e35bf9b35a4d9581832ab1aac944","width":"1532","height":"622"},{"img":"https://static.tigerbbs.com/09e62f1a0cdd801336422d9c75063fb5","width":"1039","height":"489"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183695030","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185617094,"gmtCreate":1623645935918,"gmtModify":1704207741913,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185617094","repostId":"180747508","repostType":1,"repost":{"id":180747508,"gmtCreate":1623229412300,"gmtModify":1704198820906,"author":{"id":"3480300888703096","authorId":"3480300888703096","name":"荒野侦探","avatar":"https://static.tigerbbs.com/676ca151c5979a45c1864347e2da198a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3480300888703096","idStr":"3480300888703096"},"themes":[],"title":"【財富密碼】WSB新寵：CLOV，WISH，WEN，SOFI","htmlText":"最早是<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$遊戲驛站(GME)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/AMC\">$AMC院線(AMC)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/BB\">$黑莓(BB)$</a> ， 之後是<a target=\"_blank\" href=\"https://laohu8.com/S/KOSS\">$高斯電子(KOSS)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/EXPR\">$Express(EXPR)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/BBBY\">$3B家居(BBBY)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/NAKD\">$Naked Brand Group Inc(NAKD)$</a> ， 最新是<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> （昨天漲85.8%），<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a> （昨天漲49.9%盤後繼續飆升），","listText":"最早是<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$遊戲驛站(GME)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/AMC\">$AMC院線(AMC)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/BB\">$黑莓(BB)$</a> ， 之後是<a target=\"_blank\" href=\"https://laohu8.com/S/KOSS\">$高斯電子(KOSS)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/EXPR\">$Express(EXPR)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/BBBY\">$3B家居(BBBY)$</a> ，<a target=\"_blank\" href=\"https://laohu8.com/S/NAKD\">$Naked Brand Group Inc(NAKD)$</a> ， 最新是<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> （昨天漲85.8%），<a target=\"_blank\" href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a> （昨天漲49.9%盤後繼續飆升），","text":"最早是$遊戲驛站(GME)$ ，$AMC院線(AMC)$ ，$黑莓(BB)$ ， 之後是$高斯電子(KOSS)$ ，$Sundial Growers Inc.(SNDL)$ ，$Express(EXPR)$ 、$3B家居(BBBY)$ ，$Naked Brand Group Inc(NAKD)$ ， 最新是$Clover Health Corp(CLOV)$ （昨天漲85.8%），$ContextLogic Inc.(WISH)$ （昨天漲49.9%盤後繼續飆升），","images":[{"img":"https://static.tigerbbs.com/0eed97d8142aedbd32ebfa1d62eef481","width":"214","height":"286"},{"img":"https://static.tigerbbs.com/edd7cd1d8a76129decfa04a788dc1751","width":"1812","height":"681"},{"img":"https://static.tigerbbs.com/888266736d30be99dcde9500be3b6c72","width":"1281","height":"721"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180747508","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185614628,"gmtCreate":1623645915264,"gmtModify":1704207741267,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"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/185614628","repostId":"181890541","repostType":1,"repost":{"id":181890541,"gmtCreate":1623382661279,"gmtModify":1704202157378,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"【七週年有獎活動】老虎大搜查","htmlText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","listText":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"今天小虎7週歲生日！大家一起來跟我玩個小遊戲，我們將以下的7張圖片隨機放到了7個帖子或者資訊中，每找到1個即可獲贈100虎幣，全部找到的小虎可以獲得7週年禮盒。【參與方式】 我們將在不同的帖子或新聞裏放以上指定的7張圖片 找到圖片的人可以在對應的帖子或者新聞中留言： Tiger is here！(如下圖)集齊7張後，需要在本貼下方評論區留言：Tiger is everwhere. Tips：一定要記得留言哦，要不然我們沒辦法統計到你，要聞和個股頁面上面的顯眼的地方更有機會發現哦~ 【活動時間】 6月11日 【活動獎品】 每找到1個圖片並留言“ Tiger is here！”即可獲贈100虎幣，全部找到並本貼下方評論區留言Tiger is everwhere.的虎友可以獲得7週年禮盒。$老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/a68764092316d627481e92e568cf659c","width":"1030","height":"598"},{"img":"https://static.tigerbbs.com/78fc7ba04a357f5a1bc9cf142a9cb39f","width":"1334","height":"1204"},{"img":"https://static.tigerbbs.com/81a49a419aa2c089abf33db97c300fba","width":"3840","height":"2560"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181890541","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185615629,"gmtCreate":1623645867961,"gmtModify":1704207740135,"author":{"id":"3586076752703029","authorId":"3586076752703029","name":"TNGK","avatar":"https://community-static.tradeup.com/news/530f9f6ced888d1ed4e3c85c69aab853","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586076752703029","idStr":"3586076752703029"},"themes":[],"title":"","htmlText":"Tiger is here!","listText":"Tiger is here!","text":"Tiger is here!","images":[{"img":"https://static.tigerbbs.com/de4689a476cd38ae0a840359c33dbab4","width":"828","height":"1026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185615629","isVote":1,"tweetType":1,"viewCount":4471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}