甜污的情侣日常祝你腊八节快乐今天是腊八节，俗话说“小孩小孩你别馋，过了腊八就是年”！也就是过了腊八节这一天，中国的“年”就要开始了，可是这腊月初八离过年还有二十来天呢！还有句老话叫做“腊七、腊八，冻掉下巴”，是描述这腊月里天气有多么的冷，天冷的时候呢，农村里的农活也基本都做完了，在外面打工的人基本也都要张罗着回家过年了，所以说从腊八开始，打扫卫生，准备年货就开始了。一直要忙活到年三十呢！More particularly, during the expansion phase of the cycle that we are in, central banks created exceptionally low interest rates, which made it attractive for companies to borrow money to buy their own and other companies’ stocks, which boosted stock prices and has left corporate balance sheets much more indebted. Additionally, the US corporate tax cuts boosted equity prices even more and increased the budget deficit, which will require the Treasury to borrow much more. In addition to creating exceptionally low interest rates, central banks printed a lot of money and bought a lot of debt, which supported the markets. These one-time boosts to the markets and economies—at first via the low interest rates and the central bank purchasing of debt and more recently in the form of corporate tax cuts (in the US economy)—coming in the late stage of this short-term debt cycle when the capacity to produce was constrained—led the Fed to raise interest rates. Also contributing to the rate rise has been a) the Fed selling off some of the debt that it acquired through QE and b) big corporate borrowings. As a result, we are now seeing this classic late-cycle strong profit growth and strong economic growth that is accompanied by falling stock prices due to the financial squeeze. That’s when the cracks in the system begin to appear and what most people never expected to happen starts happening.