Common sense As we all know, long-term assets should be supported by long-term funds, and profits such as houses should be supported by long-term liabilities or self-owned equity funds. If you borrow short-term debt to allocate long-term assets, something will happen. The funds in the real economy melt in the financial system. Does the financial system have its own long-term capital inflow? Is there a rebound in foreign exchange holdings? Has the central bank liberalized long-term cheap funds (RRR cut interest rates)? At present, the financial system only has the central bank's reverse repurchase and various powder funds, all of which are short-term high prices. The last batch of high leverage to expand their watches to buy assets ... The data is so explosive that people are caught off guard! The trend is that leverage continues and the money shortage continues.