Interest rates have been cut! They've been cut again!

Brothers, this time the cut is on deposit interest rates. Money in the bank will earn less interest now!

The 1-year interest rate has been lowered from 0.95% to 0.6%; the 2-year interest rate from 1.05% to 0.7%; the 3-year interest rate from 1.25% to 0.9%. The 5-year fixed deposit has been discontinued.

The central bank's intention is very clear: tell everyone not to save money anymore, but to spend it, buy houses, or invest in stocks. Don't keep money in banks; they’re offering very little interest.

Lowering deposit interest rates also makes room for lowering loan interest rates. As soon as the U.S. cuts rates, we can follow immediately. In fact, we might even cut rates before the U.S., since the RMB is appreciating now and there’s no pressure to defend the currency.

A flood is coming, and money will lose value. It’s time to convert cash into assets.

Stocks or real estate, which asset would you choose? Brothers, come and share your thoughts in the comments.