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热的粪
热的粪
·
2021-08-25
666666666
South Korea plans to legislate to fight Google and Apple's market monopoly
美国众议院立法官员将推出反垄断新法案 直指科技巨头新浪科技讯 北京时间8月25日早间消息,谷歌与苹果禁止软件开发者使用第三方独立支付系统,韩国对此不满,似乎有意遏制。韩国立法者考虑通过所谓的《电信商业法》修正案打击App Store运营者,因为它们垄断市场。谷歌还没有回应此事。
South Korea plans to legislate to fight Google and Apple's market monopoly
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2021-08-21
66666666
Citi: Lowered Bilibili (BILI.O) price target to $126 from $162.
花旗:将哔哩哔哩(BILI.O)目标价从162美元下调至126美元。
Citi: Lowered Bilibili (BILI.O) price target to $126 from $162.
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2021-04-18
66666
央行論文“得罪全人類”?
@扑克投资家:
作 者 | 杆姐 來 源 | 槓桿遊戲 在央行官網菜單上,有一項叫“央行研究”。點進去,有兩大內容板塊,一個叫“政策研究”,一個叫“工作論文”。 對於外界來說,上述內容都是枯燥無趣的。 這個4月,2021年的4月,央行工作論文第一次成爲“網紅”——因爲一篇《關於我國人口轉型的認識和應對之策》的央行工作論文,以“得罪半個中國、得罪全人類”的代價迅速出圈。 這篇標題嚴肅、工整的論文到底寫了什麼?槓桿地產今天做個系統梳理。 1、打臉“人口紅利”。論文摘要一開篇即直指要害: 我國要認清人口形勢已經改變,要認識到人口紅利當時用得舒服,事後是需要償還的負債;要認識到人口慣性是跨代際的巨大力量,其反作用力將導致人口反方向變化;要認識到教育和科技進步難以彌補人口的下降。 在很多人的思維中,可能還在爲我們享受到人口紅利而開心。 但是槓桿地產要指出一個殘酷現實,人口紅利,是指一個國家的勞動年齡人口占總人口比重較大,撫養率比較低,爲經濟發展創造了有利的人口條件,整個國家的經濟呈高儲蓄、高投資和高增長的局面。 但是你想一下,曾經的勞動年齡人口占比高,撫養率低,過幾十年不就成了老年人多,小孩子少! 正如這篇論文摘要指出的,要認識到人口紅利當時用得舒服,事後是需要償還的負債。 “紅利”在很多情況下,和“債務”是相對應的,過一定年限它的一體兩面就顯露出來。如今不就應驗了嗎? 央行工作論文這個話,其實打了很多爲“人口紅利”沾沾自喜人的臉。 按照我國統計局的數據,2012年我國15-59歲勞動年齡人口,即開始下降,比上年減少300多萬人,這意味着人口紅利趨於消失。 是的,這情況小10年了。不反思、不作爲,怎麼得了? 2、幾乎把所有發達國家全部批評了一番。這篇論文的第二部分,反思發達國家應對人口轉型的教訓,幾乎把所有發達國家全部批評了一番。 論文說,發達國家已經意識
央行論文“得罪全人類”?
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2020-08-31
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2020-08-31
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2020-08-31
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2020-08-31
66666666
Micron Technology VS Intel: Who Is Undervalued?
美光科技和英特尔这两家科技巨头目前的估值都处于极低水平。 随着人工智能、云计算、5G和物联网的出现,这两家大型半导体公司的股票表现在如今这种情况下似乎有悖常理。对于那些在泡沫市场中寻找廉价股票的逆向策
Micron Technology VS Intel: Who Is Undervalued?
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2020-08-31
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2020-08-31
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2019-09-12
$拼多多(PDD)$
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cracking down on App Store operators through so-called amendments to the Telecom Business Act because they monopolize the market.</p><p>Apple responded that the bill will bring risks to users. Users who purchase digital goods from other sources may be involved in fraud, damage privacy, and it will be difficult to control purchases. Apple further argued that there are 482,000 registered developers in South Korea, and so far they have earned 8.55 trillion won through Apple cooperation; If the amendment is passed, users' trust in App Store procurement will be weakened, thus affecting the interests of developers. Google has not responded to this matter.</p><p>Adam Hodge, spokesman for the Office of the U.S. Trade Representative, said that the Biden administration is working hard to enhance industry competitiveness, and U.S. officials are considering how to maintain a balance between U.S. technology companies and government efforts. He also said: \"Between discriminating against American companies and promoting competition, Korean legislation should treat them differently. We are negotiating with all relevant stakeholders and collecting relevant facts.\"</p><p>Apple requires that in-app purchases must use Apple or Google's payment system, and a maximum share of 30% of purchasing revenue should be taken. These policies have made many countries around the world dissatisfied.</p><p>Kwon Se-hwa, general manager of the Korea Internet Corporations Association, said: \"For game apps, Google has been forcing developers to use its own payment system … and it also wants to extend some policies to other apps, such as Music Gongdu webcomics.\" Kwon Se-hwa also said: \"If the new bill is passed, developers can choose other independent payment systems.\"</p><p>Naomi Wilson, vice president of the Information Technology Industry Council, a trade group, said the legislation violated Korea's multilateral and bilateral trade commitments. \"If the bill is implemented, it will pose challenges to both App development and the App Store, which wants to do business with the Korean market,\" she believes. She hopes Korean lawmakers will revisit the bill to ensure that it doesn't have a \"disproportionate\" impact on American companies. Apple and Google are all members of IT industry associations.</p><p>Last year, the European Union also submitted a bill called the Digital Markets Act, which also targeted program store commissions.</p><p>According to a report provided by the Korean government, Google Program Store earned revenue of US $5.15 billion in South Korea in 2019. (Xinghai)</p><p></body></html></p>","source":"sina_symbol","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>South Korea plans to legislate to fight Google and Apple's market monopoly</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\">\nSouth Korea plans to legislate to fight Google and Apple's market monopoly\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-08-25 06:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><span><img src=\"http://n.sinaimg.cn/front20210610ac/200/w640h360/20210610/fdac-krhvrxt5729366.jpg\"/></span>U.S. House legislative officials will introduce new antitrust bill targeting technology giants</p><p><a href=\"https://laohu8.com/S/SINA\">SINA</a>Science and Technology News Beijing time on August 25 morning news,<a href=\"https://laohu8.com/S/GOOG\">Google</a>With<a href=\"https://laohu8.com/S/AAPL\">Apple</a>South Korea is dissatisfied with prohibiting software developers from using third-party independent payment systems and seems to intend to curb them.</p><p>South Korean lawmakers are considering cracking down on App Store operators through so-called amendments to the Telecom Business Act because they monopolize the market.</p><p>Apple responded that the bill will bring risks to users. Users who purchase digital goods from other sources may be involved in fraud, damage privacy, and it will be difficult to control purchases. Apple further argued that there are 482,000 registered developers in South Korea, and so far they have earned 8.55 trillion won through Apple cooperation; If the amendment is passed, users' trust in App Store procurement will be weakened, thus affecting the interests of developers. Google has not responded to this matter.</p><p>Adam Hodge, spokesman for the Office of the U.S. Trade Representative, said that the Biden administration is working hard to enhance industry competitiveness, and U.S. officials are considering how to maintain a balance between U.S. technology companies and government efforts. He also said: \"Between discriminating against American companies and promoting competition, Korean legislation should treat them differently. We are negotiating with all relevant stakeholders and collecting relevant facts.\"</p><p>Apple requires that in-app purchases must use Apple or Google's payment system, and a maximum share of 30% of purchasing revenue should be taken. These policies have made many countries around the world dissatisfied.</p><p>Kwon Se-hwa, general manager of the Korea Internet Corporations Association, said: \"For game apps, Google has been forcing developers to use its own payment system … and it also wants to extend some policies to other apps, such as Music Gongdu webcomics.\" Kwon Se-hwa also said: \"If the new bill is passed, developers can choose other independent payment systems.\"</p><p>Naomi Wilson, vice president of the Information Technology Industry Council, a trade group, said the legislation violated Korea's multilateral and bilateral trade commitments. \"If the bill is implemented, it will pose challenges to both App development and the App Store, which wants to do business with the Korean market,\" she believes. She hopes Korean lawmakers will revisit the bill to ensure that it doesn't have a \"disproportionate\" impact on American companies. Apple and Google are all members of IT industry associations.</p><p>Last year, the European Union also submitted a bill called the Digital Markets Act, which also targeted program store commissions.</p><p>According to a report provided by the Korean government, Google Program Store earned revenue of US $5.15 billion in South Korea in 2019. (Xinghai)</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2021-08-25/doc-ikqciyzm3421438.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f6859f4502cc56f4426b0a08e616b768","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2021-08-25/doc-ikqciyzm3421438.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162080325","content_text":"美国众议院立法官员将推出反垄断新法案 直指科技巨头新浪科技讯 北京时间8月25日早间消息,谷歌与苹果禁止软件开发者使用第三方独立支付系统,韩国对此不满,似乎有意遏制。韩国立法者考虑通过所谓的《电信商业法》修正案打击App Store运营者,因为它们垄断市场。苹果回应称,法案会给用户带来风险,用户从其它来源购买数字商品可能会卷入欺诈、损害隐私,而且管控购买时也会很困难。苹果进一步辩解称,在韩国有482000位注册开发者,至今为止它们通过苹果合作赚取8.55万亿韩元;如果修正案通过,用户对App Store采购的信任会被削弱,从而影响开发者利益。谷歌还没有回应此事。美国贸易代表办公室新闻发言人亚当·霍奇(Adam Hodge)表示,拜登政府正在努力增强行业竞争力,如何在美国科技企业与政府努力之间保持平衡,美国官员正在考虑。他还说:“在歧视美国企业与促进竞争之间,韩国立法应该区别对待,我们正与各相关利益方协商并收集有关事实。”苹果谷歌要求应用内采购必须使用苹果或者谷歌的支付系统,而且对于采购营收要抽取最高30%分成,这些政策让全球许多国家不满。韩国互联网企业协会(Korea Internet Corporations Association)总经理Kwon Se-hwa说:“对于游戏App,谷歌一直强迫开发者必须使用它自己的支付系统……它还想将些政策推广到其它App,比如音乐功都网络漫画。” Kwon Se-hwa还说:“如果新法案通过,开发者就能选择其它独立支付系统。”贸易组织IT行业协会(Information Technology Industry Council)副总裁娜奥米•威尔逊(Naomi Wilson)则说,立法违反韩国的多边和双边贸易承诺。她认为:“如果法案得以推行,既会给App开发带来挑战,也会给想与韩国市场做生意的App Store带来挑战。”她希望韩国立法者重新审视法案,确保不要给美国企业造成“不成比例”的影响。苹果谷歌都是IT行业协会的成员。去年欧盟也提交一份名为《数字市场法案》(Digital Markets Act)的议案,针对的也是程序店佣金。根据韩国政府提供的报告,2019年谷歌程序店在韩国获得营收51.5亿美元。(星海)","news_type":1,"symbols_score_info":{"GOOGL":1,"AAPL":1,"GOOG":1}},"isVote":1,"tweetType":1,"viewCount":1722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836295162,"gmtCreate":1629496022256,"gmtModify":1676530057100,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"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/836295162","repostId":"2160371901","repostType":2,"repost":{"id":"2160371901","kind":"news","pubTimestamp":1629457556,"share":"https://ttm.financial/m/news/2160371901?lang=en_US&edition=fundamental","pubTime":"2021-08-20 19:05","market":"us","language":"zh","title":"Citi: Lowered Bilibili (BILI.O) price target to $126 from $162.","url":"https://stock-news.laohu8.com/highlight/detail?id=2160371901","media":"新浪财经","summary":"花旗:将哔哩哔哩(BILI.O)目标价从162美元下调至126美元。","content":"<p><div>Citi: Lowered Bilibili (BILI.O) price target to $126 from $162.</p><p><a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021082019055779e4986d&s=b\">Web link</a></div></p>","source":"tencent","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>Citi: Lowered Bilibili (BILI.O) price target to $126 from $162.</title>\n<style 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#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\">\nCiti: Lowered Bilibili (BILI.O) price target to $126 from $162.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-08-20 19:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Citi: Lowered Bilibili (BILI.O) price target to $126 from $162.</p><p><a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021082019055779e4986d&s=b\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021082019055779e4986d&s=b\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e30ab0ee16faafeea2be8f8bba49e5f3","relate_stocks":{"BILI":"哔哩哔哩","09626":"哔哩哔哩-W"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021082019055779e4986d&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2160371901","content_text":"花旗:将哔哩哔哩(BILI.O)目标价从162美元下调至126美元。","news_type":1,"symbols_score_info":{"09626":1,"BILI":1}},"isVote":1,"tweetType":1,"viewCount":1634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379354226,"gmtCreate":1618695726065,"gmtModify":1704714037774,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"htmlText":"66666","listText":"66666","text":"66666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379354226","repostId":"370849925","repostType":1,"repost":{"id":370849925,"gmtCreate":1618574400000,"gmtModify":1704712955910,"author":{"id":"3524105581449289","authorId":"3524105581449289","name":"扑克投资家","avatar":"https://static.tigerbbs.com/ca993284400c72bf022739f5328f46cf","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3524105581449289","idStr":"3524105581449289"},"themes":[],"title":"央行論文“得罪全人類”?","htmlText":"作 者 | 杆姐 來 源 | 槓桿遊戲 在央行官網菜單上,有一項叫“央行研究”。點進去,有兩大內容板塊,一個叫“政策研究”,一個叫“工作論文”。 對於外界來說,上述內容都是枯燥無趣的。 這個4月,2021年的4月,央行工作論文第一次成爲“網紅”——因爲一篇《關於我國人口轉型的認識和應對之策》的央行工作論文,以“得罪半個中國、得罪全人類”的代價迅速出圈。 這篇標題嚴肅、工整的論文到底寫了什麼?槓桿地產今天做個系統梳理。 1、打臉“人口紅利”。論文摘要一開篇即直指要害: 我國要認清人口形勢已經改變,要認識到人口紅利當時用得舒服,事後是需要償還的負債;要認識到人口慣性是跨代際的巨大力量,其反作用力將導致人口反方向變化;要認識到教育和科技進步難以彌補人口的下降。 在很多人的思維中,可能還在爲我們享受到人口紅利而開心。 但是槓桿地產要指出一個殘酷現實,人口紅利,是指一個國家的勞動年齡人口占總人口比重較大,撫養率比較低,爲經濟發展創造了有利的人口條件,整個國家的經濟呈高儲蓄、高投資和高增長的局面。 但是你想一下,曾經的勞動年齡人口占比高,撫養率低,過幾十年不就成了老年人多,小孩子少! 正如這篇論文摘要指出的,要認識到人口紅利當時用得舒服,事後是需要償還的負債。 “紅利”在很多情況下,和“債務”是相對應的,過一定年限它的一體兩面就顯露出來。如今不就應驗了嗎? 央行工作論文這個話,其實打了很多爲“人口紅利”沾沾自喜人的臉。 按照我國統計局的數據,2012年我國15-59歲勞動年齡人口,即開始下降,比上年減少300多萬人,這意味着人口紅利趨於消失。 是的,這情況小10年了。不反思、不作爲,怎麼得了? 2、幾乎把所有發達國家全部批評了一番。這篇論文的第二部分,反思發達國家應對人口轉型的教訓,幾乎把所有發達國家全部批評了一番。 論文說,發達國家已經意識","listText":"作 者 | 杆姐 來 源 | 槓桿遊戲 在央行官網菜單上,有一項叫“央行研究”。點進去,有兩大內容板塊,一個叫“政策研究”,一個叫“工作論文”。 對於外界來說,上述內容都是枯燥無趣的。 這個4月,2021年的4月,央行工作論文第一次成爲“網紅”——因爲一篇《關於我國人口轉型的認識和應對之策》的央行工作論文,以“得罪半個中國、得罪全人類”的代價迅速出圈。 這篇標題嚴肅、工整的論文到底寫了什麼?槓桿地產今天做個系統梳理。 1、打臉“人口紅利”。論文摘要一開篇即直指要害: 我國要認清人口形勢已經改變,要認識到人口紅利當時用得舒服,事後是需要償還的負債;要認識到人口慣性是跨代際的巨大力量,其反作用力將導致人口反方向變化;要認識到教育和科技進步難以彌補人口的下降。 在很多人的思維中,可能還在爲我們享受到人口紅利而開心。 但是槓桿地產要指出一個殘酷現實,人口紅利,是指一個國家的勞動年齡人口占總人口比重較大,撫養率比較低,爲經濟發展創造了有利的人口條件,整個國家的經濟呈高儲蓄、高投資和高增長的局面。 但是你想一下,曾經的勞動年齡人口占比高,撫養率低,過幾十年不就成了老年人多,小孩子少! 正如這篇論文摘要指出的,要認識到人口紅利當時用得舒服,事後是需要償還的負債。 “紅利”在很多情況下,和“債務”是相對應的,過一定年限它的一體兩面就顯露出來。如今不就應驗了嗎? 央行工作論文這個話,其實打了很多爲“人口紅利”沾沾自喜人的臉。 按照我國統計局的數據,2012年我國15-59歲勞動年齡人口,即開始下降,比上年減少300多萬人,這意味着人口紅利趨於消失。 是的,這情況小10年了。不反思、不作爲,怎麼得了? 2、幾乎把所有發達國家全部批評了一番。這篇論文的第二部分,反思發達國家應對人口轉型的教訓,幾乎把所有發達國家全部批評了一番。 論文說,發達國家已經意識","text":"作 者 | 杆姐 來 源 | 槓桿遊戲 在央行官網菜單上,有一項叫“央行研究”。點進去,有兩大內容板塊,一個叫“政策研究”,一個叫“工作論文”。 對於外界來說,上述內容都是枯燥無趣的。 這個4月,2021年的4月,央行工作論文第一次成爲“網紅”——因爲一篇《關於我國人口轉型的認識和應對之策》的央行工作論文,以“得罪半個中國、得罪全人類”的代價迅速出圈。 這篇標題嚴肅、工整的論文到底寫了什麼?槓桿地產今天做個系統梳理。 1、打臉“人口紅利”。論文摘要一開篇即直指要害: 我國要認清人口形勢已經改變,要認識到人口紅利當時用得舒服,事後是需要償還的負債;要認識到人口慣性是跨代際的巨大力量,其反作用力將導致人口反方向變化;要認識到教育和科技進步難以彌補人口的下降。 在很多人的思維中,可能還在爲我們享受到人口紅利而開心。 但是槓桿地產要指出一個殘酷現實,人口紅利,是指一個國家的勞動年齡人口占總人口比重較大,撫養率比較低,爲經濟發展創造了有利的人口條件,整個國家的經濟呈高儲蓄、高投資和高增長的局面。 但是你想一下,曾經的勞動年齡人口占比高,撫養率低,過幾十年不就成了老年人多,小孩子少! 正如這篇論文摘要指出的,要認識到人口紅利當時用得舒服,事後是需要償還的負債。 “紅利”在很多情況下,和“債務”是相對應的,過一定年限它的一體兩面就顯露出來。如今不就應驗了嗎? 央行工作論文這個話,其實打了很多爲“人口紅利”沾沾自喜人的臉。 按照我國統計局的數據,2012年我國15-59歲勞動年齡人口,即開始下降,比上年減少300多萬人,這意味着人口紅利趨於消失。 是的,這情況小10年了。不反思、不作爲,怎麼得了? 2、幾乎把所有發達國家全部批評了一番。這篇論文的第二部分,反思發達國家應對人口轉型的教訓,幾乎把所有發達國家全部批評了一番。 論文說,發達國家已經意識","images":[{"img":"https://static.tigerbbs.com/e172fc35f2b640169fca94497e5ed359","width":"987","height":"538"},{"img":"https://static.tigerbbs.com/2e4e9c7bce144d6b976fb05210245e6f","width":"806","height":"381"},{"img":"https://static.tigerbbs.com/e099aca23577498cb39b2e33641915c8","width":"822","height":"343"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370849925","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":13,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":971322876,"gmtCreate":1598868799595,"gmtModify":1705059472240,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"htmlText":"66666696","listText":"66666696","text":"66666696","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/971322876","repostId":"1186024123","repostType":4,"isVote":1,"tweetType":1,"viewCount":2113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":971326713,"gmtCreate":1598868707132,"gmtModify":1705059468985,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"htmlText":"6666666666666","listText":"6666666666666","text":"6666666666666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/971326713","repostId":"2063418884","repostType":2,"isVote":1,"tweetType":1,"viewCount":1516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":971326249,"gmtCreate":1598868664681,"gmtModify":1705059468659,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"htmlText":"6966666","listText":"6966666","text":"6966666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/971326249","repostId":"1117950558","repostType":4,"isVote":1,"tweetType":1,"viewCount":1550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":971326616,"gmtCreate":1598868613535,"gmtModify":1705059468336,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"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/971326616","repostId":"1102375888","repostType":4,"repost":{"id":"1102375888","kind":"news","pubTimestamp":1598865600,"share":"https://ttm.financial/m/news/1102375888?lang=en_US&edition=fundamental","pubTime":"2020-08-31 17:20","market":"us","language":"zh","title":"Micron Technology VS Intel: Who Is Undervalued?","url":"https://stock-news.laohu8.com/highlight/detail?id=1102375888","media":"智通财经","summary":"美光科技和英特尔这两家科技巨头目前的估值都处于极低水平。\n随着人工智能、云计算、5G和物联网的出现,这两家大型半导体公司的股票表现在如今这种情况下似乎有悖常理。对于那些在泡沫市场中寻找廉价股票的逆向策","content":"<p><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>And<a href=\"https://laohu8.com/S/INTC\">Intel</a>Both tech giants are currently trading at extremely low valuations.</p><p>With the advent of artificial intelligence, cloud computing, 5G, and the Internet of Things, the stock performance of these two large semiconductor companies seems counterintuitive in these days. For contrarian investors looking for cheap stocks in a frothy market, these two companies may be on the watch list.</p><p><img src=\"https://static.tigerbbs.com/cfa431a5a53f22a1b454c3cc6c9ff3c3\" tg-width=\"554\" tg-height=\"350\">What stopped Micron's rise?</p><p>After Micron Technology reached a high of $61.19 in early February this year, it fell all the way to $31.13 in mid-March. Despite the correction, it is still some distance from the high at the beginning of the year. The decline was basically due to the company being a price recipient for DRAM and NAND flash memory products. These products are components needed in all electronic devices. Therefore, no matter how big the demand is, if there is overproduction, prices will plummet, and Micron's earnings will suffer.</p><p>Micron has effectively been in a downturn since mid-2018, and by early 2019, the oversupply situation appeared to be transforming into a more balanced market. Despite the surge in demand in the first half of this year, the company's management recently noted that the next quarter's performance may be slightly lower than expected as customers priced in a large amount of purchases in the first half. As a result, Micron's upside cycle appears to be delayed by a few quarters.</p><p>What's wrong with Intel?</p><p>Although Intel's processor sales are somewhat sensitive, its processors contain more patented chip designs, so they are less susceptible to wild fluctuations in average selling prices. Traditionally, this has made Intel's earnings more stable, allowing it to distribute Dividend, and the current Dividend yield is 2.7%.</p><p>Similar to Micron, Intel had a strong first half, but also showed signs of sluggish growth in the second half as buyers priced in a large amount of chip purchases in the first half.</p><p>However, the more than 20% decline in Intel's stock price in July was not only due to weaker performance expectations in the second half of the year, but because the company announced that the upcoming 7nm chip will be delayed by about 12 months from the original target. Intel now plans to start producing 7nm chips in late 2022 or early 2023.</p><p>At present,<a href=\"https://laohu8.com/S/AMD\">AMD</a>(AMD.US) with<a href=\"https://laohu8.com/S/TSM\">TSMC</a>(TSM.US) cooperation has overtaken Intel, and this lead may expand in the next few years. TSMC has planned to produce 5nm chips (equivalent to Intel's 7nm chips) by the end of this year, two years earlier than Intel's new plan.</p><p>Which has more potential?</p><p>Both Intel and Micron Technology have lagged the tech sector and even the overall market this year. Investors should find out whether the enterprise is in a cyclical decline or a long-term decline.</p><p>Currently, Intel's market share in data centers exceeds 90%. If AMD can maintain its lead, Intel will see a decline in market share, and with it its revenue and profits. On the other hand, Micron's performance is likely to improve in the coming years as suppliers reduce production of new production and demand rebounds due to an increase in 5G phones, artificial intelligence servers, and industrial and automotive chip content.</p>","source":"highlight_zhitongcaijin","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>Micron Technology VS Intel: Who Is Undervalued?</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\">\nMicron Technology VS Intel: Who Is Undervalued?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2020-08-31 17:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>And<a href=\"https://laohu8.com/S/INTC\">Intel</a>Both tech giants are currently trading at extremely low valuations.</p><p>With the advent of artificial intelligence, cloud computing, 5G, and the Internet of Things, the stock performance of these two large semiconductor companies seems counterintuitive in these days. For contrarian investors looking for cheap stocks in a frothy market, these two companies may be on the watch list.</p><p><img src=\"https://static.tigerbbs.com/cfa431a5a53f22a1b454c3cc6c9ff3c3\" tg-width=\"554\" tg-height=\"350\">What stopped Micron's rise?</p><p>After Micron Technology reached a high of $61.19 in early February this year, it fell all the way to $31.13 in mid-March. Despite the correction, it is still some distance from the high at the beginning of the year. The decline was basically due to the company being a price recipient for DRAM and NAND flash memory products. These products are components needed in all electronic devices. Therefore, no matter how big the demand is, if there is overproduction, prices will plummet, and Micron's earnings will suffer.</p><p>Micron has effectively been in a downturn since mid-2018, and by early 2019, the oversupply situation appeared to be transforming into a more balanced market. Despite the surge in demand in the first half of this year, the company's management recently noted that the next quarter's performance may be slightly lower than expected as customers priced in a large amount of purchases in the first half. As a result, Micron's upside cycle appears to be delayed by a few quarters.</p><p>What's wrong with Intel?</p><p>Although Intel's processor sales are somewhat sensitive, its processors contain more patented chip designs, so they are less susceptible to wild fluctuations in average selling prices. Traditionally, this has made Intel's earnings more stable, allowing it to distribute Dividend, and the current Dividend yield is 2.7%.</p><p>Similar to Micron, Intel had a strong first half, but also showed signs of sluggish growth in the second half as buyers priced in a large amount of chip purchases in the first half.</p><p>However, the more than 20% decline in Intel's stock price in July was not only due to weaker performance expectations in the second half of the year, but because the company announced that the upcoming 7nm chip will be delayed by about 12 months from the original target. Intel now plans to start producing 7nm chips in late 2022 or early 2023.</p><p>At present,<a href=\"https://laohu8.com/S/AMD\">AMD</a>(AMD.US) with<a href=\"https://laohu8.com/S/TSM\">TSMC</a>(TSM.US) cooperation has overtaken Intel, and this lead may expand in the next few years. TSMC has planned to produce 5nm chips (equivalent to Intel's 7nm chips) by the end of this year, two years earlier than Intel's new plan.</p><p>Which has more potential?</p><p>Both Intel and Micron Technology have lagged the tech sector and even the overall market this year. Investors should find out whether the enterprise is in a cyclical decline or a long-term decline.</p><p>Currently, Intel's market share in data centers exceeds 90%. If AMD can maintain its lead, Intel will see a decline in market share, and with it its revenue and profits. On the other hand, Micron's performance is likely to improve in the coming years as suppliers reduce production of new production and demand rebounds due to an increase in 5G phones, artificial intelligence servers, and industrial and automotive chip content.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://www.zhitongcaijing.com/content/detail/333171.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c74be4c2a08964ef2daf32217f693b44","relate_stocks":{"INTC":"英特尔","MU":"美光科技"},"source_url":"https://www.zhitongcaijing.com/content/detail/333171.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1102375888","content_text":"美光科技和英特尔这两家科技巨头目前的估值都处于极低水平。\n随着人工智能、云计算、5G和物联网的出现,这两家大型半导体公司的股票表现在如今这种情况下似乎有悖常理。对于那些在泡沫市场中寻找廉价股票的逆向策略投资者来说,这两家公司或许可以列入观察名单。\n阻挠美光科技上涨的原因?\n美光科技今年2月初达到61.19美元的高位后,一路下跌至三月中旬的31.13美元。尽管有所回调,但仍然离年初的高位有段距离。这一下跌基本上是因为该公司是DRAM和NAND闪存产品的受价者。这些产品是所有电子设备中都需要的组件。因此,无论需求有多大,如果生产过剩,价格则会暴跌,美光科技的收益因此受到波及。\n自2018年中以来,美光科技实际上一直处于低迷状态,而到2019年初,供过于求的局面似乎正在转变为一个更加平衡的市场。尽管今年上半年需求激增,但该公司管理层近期指出,由于客户消化了上半年的大量采购,下季度的业绩可能略低于预期。因此,美光的上行周期似乎会被推迟几个季度。\n英特尔又有什么问题?\n尽管英特尔的处理器销售也多少有些敏感,但其处理器包含更多的专利芯片设计,因此不太容易受平均售价剧烈波动的影响。从传统上讲,这使得英特尔的收益更加稳定,使其能派发股息,目前股息收益率为2.7%。\n与美光相似,英特尔上半年表现强劲,但由于买家消化了上半年大量的芯片采购,下半年也出现了增长乏力的迹象。\n然而,7月英特尔股价逾20%的跌幅并不仅在于下半年的业绩预期较弱,而是因为该公司宣布即将上市的7nm芯片将比最初目标推迟约12个月。英特尔现在计划在2022年底或2023年初开始生产7nm芯片。\n目前,AMD(AMD.US)与台积电(TSM.US)合作,已经反超英特尔,且这一领先优势可能将在未来几年扩大。台积电已经计划在今年年底前生产5nm芯片(相当于英特尔的7nm芯片),较英特尔的新计划早了两年。\n哪个更有潜力?\n英特尔和美光科技今年的表现都落后于科技板块乃至整体市场。投资者应弄清楚企业是处于周期性下跌还是长期下跌。\n目前,英特尔在数据中心的市场份额超90%。如果AMD能保持其领先地位,英特尔将会看到市场份额的下降,其收入和利润也会随之下降。另一方面,由于5G手机,人工智能服务器以及工业和汽车芯片内容的增加,供应商减少了新生产的生产并且需求反弹,美光的业绩可能会在未来几年有所改善。","news_type":1,"symbols_score_info":{"INTC":0.9,"MU":0.9}},"isVote":1,"tweetType":1,"viewCount":2547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":971326315,"gmtCreate":1598868585537,"gmtModify":1705059467681,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"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/971326315","repostId":"1109711271","repostType":4,"isVote":1,"tweetType":1,"viewCount":1587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":971326957,"gmtCreate":1598868563179,"gmtModify":1705059467519,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"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/971326957","repostId":"1107444937","repostType":4,"isVote":1,"tweetType":1,"viewCount":1511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":930296804,"gmtCreate":1568266643108,"gmtModify":1705403678535,"author":{"id":"3512792709393065","authorId":"3512792709393065","name":"热的粪","avatar":"https://static.tigerbbs.com/e9818c878e15baee0ff529c715a07b52","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3512792709393065","idStr":"3512792709393065"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> 66666688","listText":"<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> 66666688","text":"$拼多多(PDD)$ 66666688","images":[{"img":"https://static.tigerbbs.com/5d4779ff65ca57595f24f942f8ce7186","width":"1080","height":"1113"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":11,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/930296804","isVote":1,"tweetType":1,"viewCount":1895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}