铜的故事始于需求,火于短缺

Buffett读书会
Dec 17, 2025

甜蜜的底部区间近期全球宏观格局与大宗商品市场正经历深刻变化。当前市场的核心驱动力之一是全球主要经济体同步转向更为积极的财政与货币政策。美联储已于12月启动降息,并开启技术性扩表,计划每月购买400亿美元短期国债,以维持流动性充裕。与此同时,德国推出9000亿欧元投资计划,美国通过“大漂亮”法案大幅提高债务上限,日本及英国也相继推出大规模经济刺激方案,全球进入“财政主动扩张时代”。全球宽松不仅为经济...

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