The 60-year economic cycle representing the macroeconomy is divided into 5 stages, the recession period, the reinvestment period, the boom period, the chaos period, the economic sluggishness during the recession, financial depression, and weak consumption to the slow recovery of dormant capital during the reinvestment period. New technology is also beginning to show a catalytic effect in manufacturing. As society continues to recover, the pace of economic development gradually shifts to the fast track. As a result, the end of the reinvestment period will usher in a boom period. When optimism reached its peak during the boom period, it entered a period of excessive construction. During this period, people's risk appetite became more aggressive, stock prices soared, and commodity prices were bullish. What followed was a period of chaos, when speculative financial transactions flooded the capital market, and bears surrendered. However, when asset prices that are too high return in value, the financial bubble randomly bursts, so the recession period once again begins to form a new economic cycle.
1982 to 1990 was a period of nearly ten years of recovery and reinvestment. 1991 to 2005 was a boom period of this cycle, and 2005 to 2018 was an excessive construction period. During this period, we experienced the financial crisis caused by US real estate in 2008, but there was a rapid V-shaped rebound, because the potential for a technological explosion was still very sufficient. Cloud computing, AI technology, and electric vehicles were all a blue ocean at the time, in this broad space of value-added imagination. The aftermath of 20 years of technological explosions can still steer capital forward steadily. The period from 2018 to 2025 was a turning point from chaos to recession. This is where the Combo theory falls...