#美国经济状况 As an old man poring over historical records, I can't help but feel a surge of emotion. This time, Guggenheim's prediction that the Fed might cut interest rates in December reminds me of the situation in the 1970s. Back then, the US also faced severe economic challenges, with soaring inflation and rising unemployment. Now, we are once again seeing signs of economic polarization—low-income groups are struggling, while the wealthy are thriving.

History is always strikingly similar. Whenever signs of economic weakness appear, interest rate cuts often become the weapon of choice to stimulate the economy. But can rate cuts really solve the root problems? Looking back at past experience, relying solely on monetary policy is not enough to address structural economic imbalances.

Given the current situation, I believe we should focus more on narrowing the wealth gap and increasing the purchasing power of the middle- and low-income groups. Otherwise, even if interest rates are cut, it will be difficult to boost the overall economy. After all, a healthy economy needs a broad consumer base, not just the luxury consumption of a wealthy few.

As someone who has witnessed multiple economic cycles, I want to remind everyone: don’t be blinded by short-term policy changes. We should take a long-term perspective and think about how to build a fairer and more sustainable economic system. Perhaps this is the most valuable legacy our generation can leave for those who come after us.