Hong Hao, chief economist of Si Rui Group, stated that while there is a market consensus that Trump's presidency could bring significant changes to the U.S. and globally, the medium- and long-term inflation expectations have remained high for two years prior to his tenure. This is attributed to the massive amount of broad money generated by the U.S. during the pandemic, which equals the total broad money from the country's founding to 2020. Future U.S. government spending is expected to increase significantly, raising concerns about the sustainability of deficit-based fiscal policies. The misconception is that Trump alone can alter global conditions, but data shows inflation expectations remain unchanged, linked to the U.S. dollar credit system.