https://blog.alansun.host/categories/%E5%AE%8F%E8%A7%82%E7%BB%8F%E6%B5%8E%E4%B8%8E%E9%87%91%E8%9E%8D/Recent content in 宏观经济与金融 on 没用知识库Hugo -- gohugo.iozh-cnalansundy@gmail.com (羊羊羊)alansundy@gmail.com (羊羊羊)© 2026 羊羊羊Wed, 28 Oct 2026 00:00:00 +0000https://blog.alansun.host/posts/20261028_ai%E5%B7%A8%E5%A4%B4ipo%E4%B8%8E%E7%BE%8E%E8%82%A1%E9%A3%8E%E9%99%A9/Wed, 28 Oct 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20261028_ai%E5%B7%A8%E5%A4%B4ipo%E4%B8%8E%E7%BE%8E%E8%82%A1%E9%A3%8E%E9%99%A9/Bravos Research 视频笔记：结合融资优序理论剖析 Anthropic、OpenAI 与 SpaceX 为何在巨额算力亏损与银行惜贷背景下被迫冲刺上市，以及纳斯达克“快速纳入指数”规则如何让被动养老金账户暴露于风险之中。https://blog.alansun.host/posts/20261028_%E7%BE%8E%E8%81%94%E5%82%A8%E7%BB%B4%E6%8C%81%E5%88%A9%E7%8E%87%E4%B8%8D%E5%8F%98%E4%B8%8E%E4%B8%AD%E6%9C%9F%E9%80%89%E4%B8%BE%E5%90%8E%E7%9A%84%E5%B8%82%E5%9C%BA%E8%A1%A8%E7%8E%B0/Wed, 28 Oct 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20261028_%E7%BE%8E%E8%81%94%E5%82%A8%E7%BB%B4%E6%8C%81%E5%88%A9%E7%8E%87%E4%B8%8D%E5%8F%98%E4%B8%8E%E4%B8%AD%E6%9C%9F%E9%80%89%E4%B8%BE%E5%90%8E%E7%9A%84%E5%B8%82%E5%9C%BA%E8%A1%A8%E7%8E%B0/Graham Stephan 视频笔记：拆解 3.7% 通胀反弹与 20 年期美债高收益率对股市估值的挤压、标普 500 七巨头高度集中的 K 型分化，以及 1950 年以来 19 次中期选举后美股 100% 上涨的历史规律与应对策略。https://blog.alansun.host/posts/20261028_%E4%B8%AD%E5%9B%BD%E5%A6%82%E4%BD%95%E9%87%8D%E5%90%AF%E7%BB%8F%E6%B5%8E/Wed, 28 Oct 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20261028_%E4%B8%AD%E5%9B%BD%E5%A6%82%E4%BD%95%E9%87%8D%E5%90%AF%E7%BB%8F%E6%B5%8E/Economics Explained 视频笔记：解析房地产退潮后，中国银行体系如何将高储蓄信贷重配至光伏、电池与新能源汽车等高端制造业以稳住宏观增长，以及高度自动化工厂与房产缩水为何造成宏观账面与家庭体感的温差。https://blog.alansun.host/posts/20261024_%E5%A4%AE%E8%A1%8C%E9%BB%84%E9%87%91%E8%B0%83%E4%BB%93%E4%B8%8Eai%E6%B3%A1%E6%B2%AB_bravos-research/Sat, 24 Oct 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20261024_%E5%A4%AE%E8%A1%8C%E9%BB%84%E9%87%91%E8%B0%83%E4%BB%93%E4%B8%8Eai%E6%B3%A1%E6%B2%AB_bravos-research/Bravos Research 视频笔记：从荷兰、法国、印度等国央行异动调配黄金储备切入，结合国际清算银行（BIS）“弹性货币”框架与 1920 年代电气化泡沫类比，推演全球加息周期与 AI 关联融资的潜在尾部风险。https://blog.alansun.host/posts/20261020_%E8%BF%99%E6%AC%A1%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%98%E6%B3%A2%E5%8F%8A%E4%B8%80%E5%88%87/Tue, 20 Oct 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20261020_%E8%BF%99%E6%AC%A1%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%98%E6%B3%A2%E5%8F%8A%E4%B8%80%E5%88%87/Casual Finance 深度视频笔记：当美国家庭 34% 的资产集中于股市、机构现金仓位降至 3.9% 极值，一旦市场逆转，1.5 万亿美元融资盘与每日机械调仓的杠杆 ETF 将如何触发连环清算并冲击实体消费。https://blog.alansun.host/posts/20261018_%E5%9B%BD%E5%AE%B6%E9%9C%80%E8%A6%81%E4%BD%A0%E8%B4%B7%E6%AC%BE%E6%9D%A5%E5%85%BB%E5%AE%83%E4%BA%86/Sun, 18 Oct 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20261018_%E5%9B%BD%E5%AE%B6%E9%9C%80%E8%A6%81%E4%BD%A0%E8%B4%B7%E6%AC%BE%E6%9D%A5%E5%85%BB%E5%AE%83%E4%BA%86/梳理 2008 年以来债务承担主体从地方城投、购房家庭、国有金融体系向普通个人依次外移的四个阶段，剖析“社保贷”现象、家庭提前还贷潮与信用收缩下的经济传导机制。https://blog.alansun.host/posts/20260902_%E4%BB%A3%E4%BB%B7%E6%9C%80%E9%AB%98%E7%9A%84%E8%83%9C%E5%88%A9_%E4%BB%8E%E6%B8%85%E9%9B%B6%E5%88%B0%E8%B4%A2%E6%94%BF%E5%8D%B1%E6%9C%BA/Wed, 02 Sep 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20260902_%E4%BB%A3%E4%BB%B7%E6%9C%80%E9%AB%98%E7%9A%84%E8%83%9C%E5%88%A9_%E4%BB%8E%E6%B8%85%E9%9B%B6%E5%88%B0%E8%B4%A2%E6%94%BF%E5%8D%B1%E6%9C%BA/探讨政策退出与经济刺激中的“时点、顺序与剂量”难题：分析土地财政退潮后的地方债务承接、机构救助向居民消费传导的阻滞，以及婚育窗口期人口下滑的长期影响。https://blog.alansun.host/posts/20260617_%E8%BF%BD%E5%AF%BB%E9%82%A3%E6%A0%B9%E6%96%AD%E6%8E%89%E7%9A%84%E7%BA%BF/Wed, 17 Jun 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20260617_%E8%BF%BD%E5%AF%BB%E9%82%A3%E6%A0%B9%E6%96%AD%E6%8E%89%E7%9A%84%E7%BA%BF/解读美联储理事会首席经济学家安熙柱（Hie Joo Ahn）的系列研究：为什么美国低失业率与通胀降温能够并存？透过劳动力流动率与摩擦性指标，重新理解失灵的菲利普斯曲线。https://blog.alansun.host/posts/20260601_%E9%87%91%E6%9C%AC%E4%BD%8D%E4%B9%8B%E6%AD%BB%E4%B8%8E%E6%B0%91%E6%97%8F%E5%9B%BD%E5%AE%B6%E7%9A%84%E9%BB%84%E6%98%8F/Mon, 01 Jun 2026 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20260601_%E9%87%91%E6%9C%AC%E4%BD%8D%E4%B9%8B%E6%AD%BB%E4%B8%8E%E6%B0%91%E6%97%8F%E5%9B%BD%E5%AE%B6%E7%9A%84%E9%BB%84%E6%98%8F/追溯两次世界大战间金本位的瓦解与主权信用货币的兴起，剖析当代民族国家为何陷入债务扩张、分配失衡与财政赤字货币化困局，并探讨去中心化硬资产的制度意义。https://blog.alansun.host/posts/20250718_%E7%A8%B3%E5%AE%9A%E5%B8%81%E6%B7%B1%E5%BA%A6%E8%A7%A3%E6%9E%90/Fri, 18 Jul 2025 00:00:00 +0000alansundy@gmail.com (羊羊羊)https://blog.alansun.host/posts/20250718_%E7%A8%B3%E5%AE%9A%E5%B8%81%E6%B7%B1%E5%BA%A6%E8%A7%A3%E6%9E%90/全面剖析法币抵押型、加密资产抵押型与算法稳定币的运作机制、脱锚风险、储备资产收益模型，及其如何成为美债买方与美元全球扩张的新型基础设施。