The super-large-scale 1.9 trillion cash distribution plan that Biden has been pushing for a long time was finally passed. According to Xinhua News Agency in Washington on February 27, the U.S. House of Representatives voted to pass a 1.9 trillion U.S. dollar (about 12.3 trillion yuan) economic rescue plan in the early morning of the 27th to cope with the impact of the new crown epidemic on the economy. On the same day, the House of Representatives passed the plan with 219 votes in favor and 212 votes against.
Biden's $1.9 trillion stimulus plan aims to be implemented in March, as follows:
1. Direct payments of $1,400 to eligible Americans, including the $600 paid in December last year, for a total of $2,000 in relief funds per person;
2. Increase federal unemployment benefits to $400 per week and extend them until the end of September;
3. Raise the federal minimum wage to $15 an hour (which may eventually change); provide $25 billion in rental assistance to low- and middle-income families who lost their jobs during the pandemic, and extend the eviction moratorium until the end of September;
4. Allocate $350 billion to state and local governments; provide $170 billion to K-12 schools and higher education institutions; fully refund the child tax credit in the current year and increase the credit to $3,000 per child ($3,600 for children under 6 years old); $160 billion will be used to prevent the virus, including vaccines, testing, and tracking.
90% of this money will be distributed precisely to ordinary Americans, which fits Amazon's user profile. I believe that many people will go online to go on a shopping spree after receiving their checks. The U.S. currently has zero interest rates, and ordinary people are accustomed to high debts. After receiving 1,400 checks, it is estimated that consumption will be increased by about 3 times, with at least 1.5 trillion used for consumption. Amazon accounts for 70% of online retail sales in the United States. Are Amazon sellers prepared with sufficient inventory? It is estimated that at least half of the funds will flow into China, which is 800 billion US dollars, or more than 5 trillion RMB.
In addition to stocking up, is there anything else we can prepare?
Of course there is. The United States prints so much money, and the first-hand money that comes into China must be through our Amazon sellers!
Many of Kua Ge’s friends who work for Amazon bought properties in Nanshan and Baoan in the early years. Based on years of experience, if the price of houses in Shenzhen is to increase, it will double, and the maximum correction will be 10%. Everyone will then mortgage the appreciated part to expand the scale of their business and supplement cash flow, creating a virtuous circle. I once consulted an Amazon seller friend who purchased a popular property in Shenzhen Bay. He found that the house in Shenzhen Bay is more of a financial shell resource. Everyone's expectations are consistent. Although the popular housing estates in the core areas of Nanshan and Baoan have increased a lot, they will continue to rise after a few years of sideways trading. Of course, the current trend of people across the city using lottery to buy houses should be suppressed. It is healthier to stop and start. It also takes some time for potential Amazon sellers to make money by participating in this game.
I believe this trend will continue into the year! When the wind comes, even pigs can make money even if they lie down! Besides, we are not pigs, we are all very smart. The world's largest dollar investment institution, which used to look down on the cross-border e-commerce industry, is now bullish on Amazon. This time we will invite him as a guest to share, because the exit mechanisms are diversified and the dollar flood is coming, the most valuable assets in the future will definitely be high-quality core assets. In addition, let me brag here that the guest teacher of the Cross-border House Private Board Meeting may be the only one in the market that can provide guidance on listing transformation standards for cross-border e-commerce companies in accordance with the GEM registration system.
