On June 1, the Federal Reserve started to shrink its table, reducing its holdings of US Treasury bonds and MBS (mortgage-backed securities) by a total of US $47.5 billion per month and will raise the upper limit of the shrinking table to the US $95billion per month in three months. The "quantitative tightening" affected the financial market, and the US stock market fell overnight, ending the "three consecutive rises". In the past month, the world has experienced a crazy "sell in May" - the NASDAQ index of the United States fell by nearly 30%, and emerging market stocks and bonds were sold off by international funds. Although the Shanghai composite index rebounded in May, it still fell by nearly 12% compared to last year's end. The global stock market value has evaporated $20trillion from its peak of $120trillion at the end of last year to its low in May, and 2/3 of the market value growth since the outbreak of the epidemic has evaporated. However, global inflation is currently high. The international oil price is approaching the $120 per barrel mark again, the tightening road of the global central banks has just begun, and traders have tightened their safety belts. The domestic PMI has been below the boom and bust line for three consecutive months, the unemployment rate is rising step by step, and various layoffs and salary cuts continue to be reported; In terms of policies, it is clear that we should make full efforts to stabilize the overall economic market, advocate the banking industry to make profits, make every loan available, and cut the interest rate of housing loans everywhere; In contrast, in the United States, the PMI has been above 50 for a long time, with high inflation and many job vacancies. To retain talent, some American enterprises…