Category Archive : mjNSxiFf

[How to cook beef in a pressure cooker is delicious]_How to make_How to make

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[Can babies eat ketchup?

】 _Baby and Toddler_Can you eat

[Can babies eat ketchup?
】 _Baby and Toddler_Can you eat

Many people are particularly keen on ketchup. They usually add a little ketchup to everything they eat. There are many ways to eat ketchup. Some can be sandwiched when eating bread. In addition, cooking, cooking, etc. can be added to ketchup, Ketchup can make food colors look brighter, and it tastes good and has a good appetizing effect, so can babies eat ketchup?

Can babies eat ketchup?
Many people love tomatoes, especially children. Tomatoes are delicious, sweet and sour, and they are eaten raw and cooked. They can be regarded as the fruit of vegetables.

Can the baby eat ketchup?

The provitamin A contained in tomato sauce will be converted into vitamin A in the human body, which has a positive effect on the bone growth of adolescents and children, prevention of rickets, xerophthalmia, night blindness and certain skin diseases; apples in tomatoesOrganic acids such as acids and citric acid can increase gastric acidity, help digestion, and regulate digestive function; it also contains a large amount of vitamin C to enhance children’s immunity and prevent colds.

Tomatoes are not only rich in nutrients, but also relieve and affect children with fever, diarrhea, dry mouth, and poor appetite. Therefore, eating more tomatoes can not only add water, but also supplement the nutritional components that are lacking after illness.
If your child likes to eat tomatoes, it’s okay to eat more, especially when eating raw, you must pay attention to hygiene and keep your diet clean.

Making tomatoes into ketchup can also add different flavors to children’s favorite bread, steamed buns, rice balls, etc., and can also be mixed in salads to increase the taste, and the baby will definitely fall in love with this sourness.

There is no doubt that tomatoes are popular with consumers because of the natural pigment, lycopene.

Lycopene is a carotenoid and is currently the substance with the strongest antioxidant capacity. Tomato is the highest among various fruits and vegetables.

Studies have found that people with neutral lycopene have a significantly lower risk of cervical, prostate, retinal, pancreatic, colon, liver, bladder, and digestive tract cancers.

In addition, it can effectively prevent coronary heart disease, atherosclerosis and some chronic diseases, and has the effects of delaying aging and improving human immunity.

Not only children eat well, but adults can also eat it often.

[Can oatmeal be cooked with rice?】 _Rice_Congee

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[Can you drink milk after eating crabs]_fresh milk_Can you drink it?

[Can you drink milk after eating crabs]_fresh milk_Can you drink it?

Although it is not yet September to October, fresh crabs can still be eaten all over the country, and we have to admire the transportation capacity of modern society, so that people everywhere can eat fresh seafood.

Some people like to drink milk, especially after eating crabs. Is this correct behavior? Can you drink milk after eating crabs?

What foods can crabs not eat with?

Can crab and milk be eaten together?

Hairy crabs and milk are rich in animal protein, and eating them together will affect their absorption.

Originally, both are relatively nutritious proteins, which is a pity that they offset each other.

However, food poisoning is not a problem. If you eat too much, you may have a bad stomach.

Eat other foods should also pay attention to balance, one type is best not to eat too much, in order to enrich the variety.

So let’s eat again after a while.

Just drink some water.

Crabs can’t be eaten with anything. Persimmons: Crabs and persimmons are two things you can eat in autumn, but you can’t eat them together.

The reason is: Crab meat is rich in protein, and persimmon is rich in sulfuric acid. The two kinds of substances will react with each other to form a substance that solidifies and clumps protein, which is difficult for our stomach to digest.

So someone who eats crabs and persimmons can cause nausea, vomiting, abdominal pain, diarrhea and other discomfort.

2, strong tea: Chinese people like to drink tea, but when eating crabs, the best drink is warm rice wine, it is best not to drink tea before and after eating crabs.

There are two reasons for this: (1) Crab feet, crab gills inevitably carry a bit of bacteria. Drinking and drinking vinegar can kill them. Our gastric juice also has a certain bactericidal ability, but after drinking tea, it causes the gastric juice to dilute and the sterilizing effect isIt is greatly reduced; (2) Tea and persimmon are also rich in acidity, and the same food can cause gastrointestinal discomfort; 3, pear: Pear is a cold food, and eating with cold crabs will damage the spleen and stomach and cause indigestion.
People with cold spleen and stomach should pay special attention to it. 4. Ice water and ice cream: Similarly, crabs are already very cold. Eating cold foods will cause diarrhea and gastrointestinal disorders.Cold, both foods substantially reduce the warming effect of mutton, and hinder the spleen and stomach. For patients with yang deficiency or spleen deficiency, it can easily cause spleen and stomach dysfunction, which affects the vitality of the elderly; 6, Dog meat, loach: and the above is a truth;

[How long can eggplant be kept in refrigerator]_Eggplant_Storage time

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[Family Ribs with Claypot]_How to make_How to make

[Family Ribs with Claypot]_How to make_How to make

Generally we like to use pork ribs stew soup or braised pork ribs, sweet and sour pork ribs, but in fact there are many methods of pork ribs, all are very delicious, personal preferences are different, the methods are not the same, the restaurant will reasonably use a variety of dishesWith collocation and innovation, every time there are unexpected ways.

Ribs in claypot rice is very delicious, the meat is very delicious, crispy and delicious, biting in the mouth, the heart is melting, how can there be such a good rice.

1.

Ingredients: 500 g ribs, 300 g rice.

Accessories: 3 shiitake mushrooms, 3 canola.

Seasoning: refined salt, salad oil, spring onion, sugar, ginger, chicken essence, old soy sauce, oyster sauce, raw soy sauce, water starch for 1 hour and 30 minutes, a large variety of ingredients, 3 servings of pork chops, 500 grams, 300 grams of rice, 3 mushrooms, auxiliary ingredients, Rapeseed 3 seasonings, salt, moderate salad oil, 5 grams of spring onions, 5 grams of ginger, 2 grams of chicken essence, 5 grams of raw soy sauce, 5 grams of old soy sauce, 5 grams of water starch, garlic, a small amount of sesame oil, and a small amount of oyster sauce.

Pork Ribs Claypot Step 1 The pork ribs were previously marinated with oyster sauce, raw soy sauce, water starch, sugar, garlic, sesame oil, other old soy sauce, alternative salt, and a small amount of MSG.

Step 2 Add the washed rice, add an appropriate amount of water, select rice, about 10 minutes, and remove the lid. Step 3 Put the marinated pork ribs and shiitake mushrooms in an electric pressure cooker. Fill the spoon with a little oil.Drain lightly around the side of the pot, select the ribs key, and about 15 minutes, open the lid.

Step 4 Put the rapeseed in boiling water, simmer it, add it to the cooked ribs, and you can eat cooking skills. The cooking process of the claypot rice is divided into three parts: the high-fire fast-rolling stage, and the medium-heating and dry-adding vegetable stage (The time is very short), the stage of simmering rice, and the time for adding vegetables is very short. Do not consider cooking before putting the food: A, this cooking method is most suitable for ribs and red meat with a good mix, and it is best to burn more juicechild.

Because the gap between the seven or eight mature rice grains is large, the juice can quickly penetrate into the flavor B. It takes a certain amount of time for the claypot rice to cook, and it requires a person to keep stirring by the stove, using an electric pressure cooker to save time, no need toTake care of the pot on the stove, set the time and firepower, save effort, fast and convenient. The special feature of the pot is the casserole, which means small. The two words together mean the small casserole. The casserole refers to the small casserole.rice.
Most of the claypot rice restaurants in Taiwan serve rice cooked in small casseroles for one person and one person. This is the origin of the name of claypot rice. Claypot rice is one of the delicacies, and it first appeared in high-end Chinese and Western restaurants.

The claypot rice is authentic.

Add sesame oil and ginger onion to the raw rice and cook it on high heat. During the cooking process, you can add lean meat, vegetables, fresh meat, beef, pork ribs, bacon, pheasant, etc. The biggest enjoyment of eating claypot rice is opening the lid.At that moment, the whole cup of vegetable scent smelt, which made people’s appetite move.

The meat is shiny on white rice, attractive in color, taste a bite of rice, moderately salty, fragrant and soft, and the rice penetrates into the umami of the gravy, rough and thickly wrapped belly, long aftertaste.

CITIC Securities: If the U.S. interest rate cut in July, China will gradually follow a rate cut with a high probability

CITIC Securities: If the U.S. interest rate cut in July, China will gradually follow a rate cut with a high probability

Source: Key points of the report in a clear written report. At 20:30 Beijing time on July 10th, the Fed announced the testimony of Powell Congress.

Powell then began a hearing in the House.

Powell reviewed the economic situation and monetary policy in the first half of 2019 in congressional testimony, and re-published dovish comments: the gradual weakness may be longer than previously expected by the Fed, which has increasingly triggered loose expectations.

After the testimony was released, the CME Fed watch showed that the interest rate cut in July to.

00% -2.

A 25% probability is 76.

5%, cut interest rate to 1.

75% -2.

The probability of the 00% interval is 23.

5%.

And if the United States cuts interest rates in July, then China is likely to follow suit.

Specifically, we believe that the following aspects of the voucher note worthy of attention Powell broke the current status and outlook of the US economy in the first half of 2019 in the voucher words, that they are relatively complex, and summarized the monetary policy in the first half of 2019Performing well and expanding towards the tenth decade; however, it has consistently exceeded the 2% target of the Federal Open Market Committee, and its weakness may last longer than previously expected, while trade tensions and global economic growthVarious interlaced and complex trends have been affecting economic activity and prospects.

At its January, March, and May meetings, the Fed stated that it would be patient to target the appropriate federal funds rate.

In a statement to the conference in June, given the uncertain economic outlook and weaker expectations, the Fed stated that it will closely monitor economic data and take appropriate actions to maintain economic growth.

  Powell’s reissue of the doves this time is said to be more fatigued than expected: Powell mentioned that PCE was close to its target of 2% for most of last year and declined in the first 5 months of this year, of which MayIs 1.

5%.

Core PCE indicators have also declined this year.

Powell said the Fed’s basic expectation is that a shift in inflation expansion time back to the Commission’s 2% goal.

However, the uncertainty of the US economic outlook has increased in recent months, and the weak sustainability may be longer than the Fed expected.

The Fed is carefully monitoring the development of various issues and continues to evaluate their impact on the US economic outlook and intensification.

  The hearing may be a signal that the Fed’s internal divisions are temporarily unified: the Fed’s monetary policy in 2019 shows potential uncertainty, and there are also differences within the Fed.

After the June interest rate meeting, the market showed supplementary interest rate cut expectations, but before the hearing, Fed officials expressed their neutrality on various occasions.

In the previous period, Powell was more entangled in qualitative monetary policy, and he was unwilling to make a clear statement. For example, in the press conference after the June interest rate meeting, Powell did not respond to economic data.Hearing Powell is expected to exceed the expected previous forecast, and has a unified opinion on the short-term temporarily, indicating that the Fed may have reached a temporary unification from the division.

  Conclusion: Powell ‘s gradual expression has changed. The basic expectation of the Democratic Federal Reserve is to transfer the inflation transfer time back to the Commission ‘s goal of 2%. However, at this hearing, Powell ‘s previous expectations exceeded expectations and remained weak.It may be longer than previously expected. This statement indicates that the Fed’s internal opinions on the breakthrough are temporarily unified, thus paving the way for the interest rate cut in July.

Powell’s testimony highlighted the risks of less than expected global development, high federal debt, Brexit, relative stagnation in low- and middle-income gains, and other issues facing the US economic development process, including low-income household income growth.

The signal is that the Federal Reserve may open the door to a rate cut in July.

And if the US Federal Reserve cuts interest rates in July, it will also open up room for domestic interest rate cuts, and China will gradually follow a high probability.

  At 20:30 on July 10th, Beijing time, the Fed announced the testimony of Powell Congress.

Then 22:20 Powell began a hearing in the House.

Powell reviewed the economic situation and monetary policy in the first half of 2019 in congressional testimony, and re-published dovish commentary: The gradual weakness may be more persistent than previously expected by the Fed, which has increasingly triggered loose expectations.

After the testimony was released, the CME Fed watch showed that the interest rate cut in July to.

00% -2.

A 25% probability is 97.

2%, cut interest rate to 1.

75% -2.

The probability of the 00% interval is 23.

5%.

Specifically, we think that the following aspects of the voucher note are worthy of attention. Powell’s sentence is most noteworthy: inflation is more than expected, and there is a risk that weak inflation will last longer than we currently expect.  (I) Economic Fundamentals Review: Intertwined and complex Bobwell was decomposed into the current status and outlook of the US economy in his testimony, declaring that the complexity of the decomposition: the economic performance in the first half of 2019 was good, and it is now in a decadeExpansion; at the same time, it has always been below the FOMC target of 2%, and its weakness may last longer than previously expected, and the complex and complex trends of trade tensions and global economic growth have been affecting economic activity and prospects.

  The rate of job creation has declined, but the labor market has remained largely healthy: from January to June, the average monthly increase has been 17.

20,000 jobs.

It was lower than the average of 22 per month last year.

30,000, but faster than needed to provide employment to new workers entering the labor market.

  GDP is performing well, but the supporting factors are not persistent: in the first quarter of 2019, the annual GDP growth was 3.
.

1%, unchanged from the same period last year, is mainly driven by net exports and inventory components, which are usually not reliable indicators of continued momentum.

More 武汉夜网论坛 reliable drivers are consumer spending and business investment.

Although consumer spending has rebounded, corporate investment growth has increased significantly.

Corporate fixed investment forecasts may reflect complements to trade tensions and global economic growth.

In addition, housing investment and manufacturing output declined in the first quarter, and it appears to have declined in the second quarter.

  Powell also mentioned that the United States continues to face many important long-term challenges: including that labor force participation rates are now lower than in most other economies.

There are disturbing differences in the labor market across different populations and regions.

The relative stagnation of low- and middle-income families and the initial rise in income for low-income households have also received attention.

The long-term impact of high federal debt remains worthwhile-it will curb private investment, reduce development and overall economic growth.

The long-term vitality of the US economy will benefit from efforts to address these issues.

  (B) Powell’s review of monetary policy: from waiting patiently to taking appropriate action The Federal Open Market Committee maintained the target range of the federal funds rate at 2 in the first half of this year.

25% to 2.

50%.

At its January, March, and May meetings, the Fed indicated that it would be patient to gradually move towards a federal funds rate that might support the largest employment and price stabilization goals.

  In a statement to the conference in June, given the uncertain economic outlook and weaker expectations, the Fed stated that it will closely monitor economic data and take appropriate actions to maintain economic growth.

After the June interest rate meeting, many members of the Federal Open Market Committee found it justified to adopt a slightly looser monetary policy.

Changes in data and global developments since then, uncertainties in trade tensions, and other factors appear to continue to affect the outlook for the US economy.

  The July Monetary Policy Report will reveal more details about the Federal Reserve’s scale-back.

At the March interest rate meeting, the Fed communicated the reasons for ending the contraction: from May, the progress of the contraction was slowed down, and the contraction was ended in September, but no details were announced.

The July monetary policy report will provide details on the end of the contraction.

The July monetary policy report also includes updates to monetary policy rules.

  Second, Powell: Weak inflation may last longer than expected. The core PCE in May in the United States is still less than the 2% gradual goal.

The United States PCE once a month in May.

52%, the former value is 1.

56%, in line with expectations1.

5%; core PCE1.

60%, the former value is 1.

62%, in line with expectations1.

6%; US May CPI quarter 1.

8%, previous value 2%, expected 1.

9%; core CPI was previously 2% and previous value was 2.

1%, expected 2.

1%.
5 months PPI 1 per year.
8%, the previous value was 2.

2%, expected 2.

0%; May core PPI every two years.

3%, previous value was 2.

4%, expected 2.

3%.

Personal income in May was 0 MoM.

5%, previous value is 0.

5%, expected 0.

3%.

In May, the PCE was in line with expectations but did not reach the expected target of 2%. The extension of CPI and PPI were less than expected, resulting in weak overall data.

  Powell said in a speech that fatigue is expected to be weaker than expected: after approaching the target of 2% for most of the past, PCE has declined in the first five months of this year, of which it was 1 in May.

5%.

Core PCE indicators, excluding food and energy prices, have also fallen this year, to 1 in May.

6%.

The Fed’s basic expectation is that economic growth will remain stable, the labor market will remain strong, and the transition time for inflation will gradually return to the Commission’s target of 2%.

However, the uncertainty of the US economic outlook has increased in recent months, and the economic conditions of some major foreign economies may affect the US economy.

In addition, some political and economic risks remain unresolved, including trade developments, the federal debt ceiling and Brexit.

There is also the risk that weak inflation may last longer than before.

The Fed is carefully monitoring the development of various issues and continues to evaluate their impact on the US economic outlook and intensification.

  The continuation of the weak inflation situation can be analyzed from three sub-items: In the previous report “Bond Market Qiming Series 20190704-What is dragging down the current U.S. earnings”, we made a prediction that the United States may continue to be depressed,Powell’s testimony confirmed the Air Force’s judgment.

Since July last year, the core PCE in the United States has a significant downward trend, and the five months after July 18 have slightly fallen below the target of 2%, while the core PCE has remained at 1 in the five months since 19 years.

8% or less.

Judging from the proportion and the range of change, the main causes of the expected drag are the three aspects of housing, transportation and medical care.

From the comprehensive analysis of information such as the weakening of new home sales data, the leading property indicators of housing prices, the breakdown of car sales data, and the decline in the cost of hospital outpatients, the drag caused by the three sub-items may continue, and the range may be lower than expected.A long process.

  The weight is as high as 42.

The housing sub-item of 17 is controversial and may continue the downward trend since 2017.

Weak personal savings since 18 years and the long-term accompanying increase in long-term loan growth have caused the U.S. housing market to experience a cold. The average increase in housing loans in the fourth quarter of 2018 and the first quarter of 2019 is only a quarter of the average in the first three quarters of 2018.Three.

Although the previous downturn in the housing market index of mortgage interest rates has picked up, the current housing index is still low, and the new home sales data, the leading indicator of house prices, has shifted again, so it can be expected that housing in the future may continue to drag down gradually.

  The weights are 15% and 7 respectively.

72% of the transportation and healthcare sub-items continued their expected growth levels during the year.

The transportation sub-item with the second largest weight has started to decline significantly since July last year, and was even negative in January and February of this year.

Although the annual growth rate of this sub-item turned positive in March of this year, the weakening of automobile sales indicates that the transportation sub-item may still be a potential drag in the future.

Due to the decline in the cost of hospital outpatient services, the healthcare sub-item has maintained an overall downward trend over August 2016 every year, and has been at a historically low level since the third quarter of 2017.

These two important items may continue to negatively affect the United States in the future.

  Third, this hearing: May be a signal of internal disagreement to the temporary unification of the interest rate meeting on June 20. Based on the labor market, earnings performance and expectations, the Fed announced to maintain the federal funds rate at 2.

25% -2.

In the 50% range, the general and excess reserve interest rates will be maintained at 2.

35%.
Compared with the interest rate meeting in May, the Fed ‘s attitude has changed from a dovish attitude to a “patiently waiting” statement toward “monitoring, taking appropriate actions to maintain economic growth, a strong job market, and a near-target alternative”.
  A bitmap that reflects the FOMC’s expectations of the midpoint of the federal funds rate target range shows that ticketing has a penetrating split on whether the interest rate is properly reduced.

Seven ticketing committees believe that the federal funds rate will supplement and replace 1 in 2019.

75-2.

In the 0 range, 8 members of the voting committee thought it should stay at 2.

25-2.

In the 50 range, one voting committee thought that it should be raised to 2.

50-2.

Paragraph 75. One committee thought that it should be reduced to two.

0-2.

25 intervals.

Fed Chairman Powell said after the meeting that although no one participated in the interest rate cut this time, he acknowledged that the bitmap of the meeting has released some signals of interest rate cuts.

  The Fed’s monetary policy in 2019 shows consistent uncertainty, and there are also differences within the Fed, and a hearing may herald a temporary unification within the Fed by division.

After the June interest rate meeting, the market showed supplementary expectations of interest rate cuts, but recently Fed officials have returned to neutrality on various occasions.

In the early period, Powell was more entangled in his qualitative monetary policy, and he was unwilling to make too obvious statements. For example, in a press conference after the June interest rate meeting, Powell highlighted that he should not respond to economic data excessively.In this hearing, Powell mentioned that the estimates beyond the previous period indicate that the Fed has a unified opinion on the continuity temporarily, thus paving the way for the interest rate cut in July.

This year’s stock market’s response to monetary policy is more sensitive than that of the bond market, mainly because the world has entered the trap of high asset prices + low interest rates, and asset prices will usher in volatility whenever there is a “wind and grass”.

  Fourth, the job market: Although there has been improvement, the unemployment rate and average hourly wage are not as expected. 6 months of US employment data. The unemployment rate and average hourly wage are not as expected.

The newly released non-agricultural data on July 5 shows that non-agricultural employment was added in June22.

40,000, expected 160,000, the previous value was reduced to 7.

20,000 people.

Professional and commercial employment services, health care, transportation and warehousing have grown significantly, while employment in the manufacturing and construction industries has improved slightly, while employment in other industries, mining, retail trade, information, government, financial activities and other industries has changed little.

The unemployment rate did not increase or decrease in non-agricultural employment, but rose slightly to 3.

7%, higher than expected and previous values; average hourly earnings were 0.

2%, lower than expected 0.

3%; annual growth of 3.

1%, less than expected 3.

2%; therefore, although non-agricultural employment exceeds expectations, the unemployment rate and wage data are not satisfactory.

  Fifth, the state of the US economy: consumption pulls down; manufacturing continues to weaken; in the long run, the US economy remains pessimistic; May ‘s consumption data has ushered in a phased improvement. The core retail sales in May in the U.S. rose, new housing starts rose, and residents saved in the past two monthsExpected to decline from the end of the first quarter.

Core retail sales in the US in May were valued at 0 compared to the previous month.

5%, expected 0.

3%, previous value is 0.

5%; US core retail sales performed better in April and May than in the first quarter.

The number of years of personal savings budget in May 19 was $ 985.4 billion, compared with the previous value of $ 975 billion.

Personal savings accounted for 6% of disposable income in May.

1%, previous value was 6.

1%; The ratio of personal savings to disposable income in the first quarter of 19 was 6.

7%, compared to 6 in the fourth quarter of 2018.

5%, the proportion of household savings in the past two months has declined slightly compared with the end of the first quarter and lower than the end of last year.

  In contrast, US manufacturing data for May is exciting.

Markit Manufacturing PMI was 50 in May.
5, before the value of 52.
6, the lowest since September 2009.

The US ISM Manufacturing Index for December is now 52.

1, the lowest since October 2016.

US Markit service industry PMI in May was 50.

9, significantly higher than expected 53.

2.
US May ISM Non-Manufacturing Index 56.

9, higher than the previous value of 55.

5, hitting a new high since February.

  Consumption has improved in stages, but the pulling effect has been insufficient, investment performance has been weak, and exports and government spending have not been able to form a support point. In the long run, the US economy is expected to be pessimistic.

At present, the leverage ratios of the non-financial corporate sector and the government sector in the United States are at historical highs. When the United States was facing a recession since 1980, the leverage ratios of the non-financial corporate sector reached historical highs almost simultaneously.

At the same time, the current investment and consumption performance of the United States is better than good: the growth rate of US durable goods supplementary orders except for defense is currently in an alternating state; although the consumption data has improved in the past two months, the role of consumption in driving GDP has improved.The rate of personal consumption expenditure on GDP is declining from 2 in the second quarter of last year.

57% fell to 0 in the first quarter of this year.

90%.

Hit by the high leverage of government agencies, the Serbian government’s fanfare restructuring infrastructure plan has not yet been fulfilled, and expectations of government spending efforts have failed.

From the perspectives of investment, consumption, exports, and government spending, it is difficult for the US economy to find the next point of strength, or it will be weak.

  Bond market strategy Powell’s change of attitude conveyed the Fed’s open attitude to cut interest rates, which will also open up room for domestic interest rate cuts.

Powell’s expression of carbides has changed. At a press conference after the June interest rate meeting, Powell concentrated on not responding to economic data excessively, and more carefully observed various future information. The essence of the Fed is that inflation followsWe just returned to the Commission ‘s target of 2% at the acceleration of time; Powell mentioned the previous forecast of the hearing and kept it weak for longer than previously expected, indicating that the Fed has a unified opinion for the time being.This paved the way for a rate cut in July.

Powell ‘s testimony highlighted the risks of less than expected global development, high federal debt, Brexit, relative stagnation in low- and middle-income gains, and other issues facing the US economic development process, including low-income household income growth.The signal is that the Federal Reserve may open the door for a rate cut in July.
And if the US Federal Reserve cuts interest rates in July, it will also open up room for domestic interest rate cuts, and it will gradually follow with a high probability.

Guanglianda (002410): The company’s cost business is moving to the cloud and the digital construction business is accelerating

Guanglianda (002410): The company’s cost business is moving to the cloud and the digital construction business is accelerating

Event: On July 30, 2019, the company released the 2019 semi-annual results flash report, realizing operating income13.

80,000 yuan, a year-on-year increase of 29%, net profit attributable to the mother is 89.54 million yuan, a year-on-year decrease of 39%.

  The company’s cost-converting business went smoothly.

The company continued to promote a comprehensive cloud transformation of its costing business. At present, the company’s cloud transformation area of its costing business has expanded to 21 regions across the country. In the first half of 19, the company’s engineering costing business revenue achieved a growth rate of 28%.

As of the end of the first half of the year, the balance of advance receipts related to the company’s cloud conversion was 6.

72 ppm, an increase of 62% at the beginning of the 19th year. As the revenue recognition under the cloud model shifted from one-off to instalment recognition, the revenue growth rate has been smoothed to a certain extent. In combination with the recovery of cloud prepayments, the revenue from the construction business was 12

23 trillion, 8 after recovery in the same period last year.

At 800 million US dollars, the previous growth rate of income increased from 28% to 39% before recovery.

  The company’s digital construction business accelerated.

The company completed the integration of digital construction business lines in 18 years, and released a digital project management platform (BIM + smart construction site) in the first half of 19 years. The construction business income in the first half of the year increased by more than 33%, which was an increase of approximately the same as the previous year.18 pct.

  Affected by the amortization of equity incentive expenses, the company’s net profit growth has improved.

In the first half of 19, the company’s net profit attributable to mothers exceeded 39%. The decrease was due to the impact of the cloud conversion 四川耍耍网 revenue recognition model change. The company implemented distribution incentives at the end of 18. According to the contents of the decentralized incentive disclosure, the company expected demand in 2019The fair incentive cost of the sale of the booth was 77.25 million yuan. Under the straight-line amortization method, the company is expected to confirm the equity incentive cost of nearly 40 million yuan in the first half of this year, resulting in improved pressure on the company’s profit end.

  Earnings forecast: We expect the company’s EPS for 2019/2020/2021 to be 0.

41 yuan, 0.

48 yuan and 0.

59 yuan, maintain “buy” rating.

  Risk reminder: the progress of construction business is affected by the start of downstream real estate, and there is uncertainty; the transfer of cloud business causes the company’s short-term 南宁桑拿 profit pressure

Feng Yuzhu (603466): Achieving slightly better than expected results, creating a cross-border cultural and creative platform

Feng Yuzhu (603466): Achieving slightly better than expected results, creating a cross-border cultural and creative platform
Investment points are better in the fourth quarter than in previous years, with long-term net profit growth of 26%. The company ended two quarters of single-quarter revenue growth for the fourth consecutive quarter, with revenue of 4 in the fourth quarter.34 ppm, an increase of 50 in ten years.67%; net 天津夜网 profit attributable to mother 0.390,000 yuan, an increase of 108 in ten years.27%, and finally achieved net profit attributable to mother.110,000 yuan, an increase of 26 in ten years.96%.As of the end of the reporting period, the company had 49 orders in hand.26 ppm, a ten-year increase4.12%.Based on this, we will have 17 trillion in the new millennium in 2018, an increase of 2 trillion compared with 2017.The company keeps ample orders in hand for a long time and obtains a better basis for performance growth. The overall gross profit margin increased, and advance accounts received continued to grow. In 2018, the company’s gross profit margin was 30.17%, an increase of 1 over the same period last year.52 pct, the reason is that the gross profit margin of the city hall and the park hall business has increased, and because the company’s project implementation system has matured, the current business of the city hall and the park hall sinks to second and third tier cities.In terms of expense ratio, the company’s long-term sales expense ratio, management expense ratio (including research and development expenses), and financial expense ratio are 5 respectively.04% (decade +0.35pct), 9.47% (ten years +1.59 points), -1.32% (year -1.21pct), the overall rate has increased compared to 2017, but the rate has decreased in the fourth quarter.Funds received by the company in this period amounted to 12.480,000 yuan, an increase of about 2 compared with 2017.79 trillion, while the net operating cash flow was 2.USD 6.3 billion, maintaining net flow, and revenue account turnover improved in the early third quarter. Complete the layout of the three major business sectors and build a cross-border cultural and creative platform.Since 2018, the overall growth rate of national public financial expenditure has hindered the development of companies focusing on 2G businesses.The company has actively deployed transformation projects at the first level, and has completed the layout of three major business sectors: 1) maintaining the leading position of the city and the theme exhibition industry; 2) establishing culture to enter the field of commercial exhibition theaters, and has already launched Hangzhou Vientiane City and SuzhouCenter “Kesharin’s Labyrinth Tour”, Shanghai Oil Tank Art Center “Water Particles in Teamlab Oil Tank”, Shenzhen Bay Vientiane City “The 50th Anniversary Exhibition of the Beatles” Project; 3) Share in Liangxiao Technology,Promote the application of digital art in business and consumer scenarios.We expect that the company will gradually expand a single downstream market structure in the future, and its customers will become more diversified in the long run. Maintaining the “overweight” rating of the company ‘s 2018 performance was slightly higher than expected, with ample orders in hand, and completing the preliminary layout of diversified businesses. We expect the company to achieve net profit in 2019-2021.37, 2.84 and 3.47 ppm, corresponding to 22 times, 18 times, and 15 times the PE, maintaining the “overweight” level.  Risk reminder: Changes in industry policy, bad debt rate of accounts receivable increase, labor costs increase

Don’t let marriage fail in sex

Don’t let marriage fail in sex

There are certainly many factors that can destroy a marriage, but generally speaking, there are mainly three things: one: disagreement; two: economic conflict; three local differences; four: a love disorder.

  Disagreements often occur among intellectuals or between intellectuals and non-intellectuals. Economic conflicts often occur in poor families. Local differences are most easily seen by officials and bosses, and sexual imbalances are most likely to be people of all colors.A common marriage problem.

  I recently read an abstract and read a short essay. The general idea was that a well-known investigative agency had conducted a survey covering a wide range of 13 provinces and cities, and more than 10,000 people were involved in divorce.

The results show that more than 50% of failed marriages are caused by sexual dissonance, and the total number of cases of family rupture due to other factors is not as good as the cause of sexual imbalance.

  Many people may not believe the evidence of such an investigation, but I personally agree with it.

What is the reason?

In a word, “satisfying with lust” is nothing more.

Of course, “sexual desire” here is by no means a derogatory concept. I just mean the normal physiological desires of normal people.

  The well-known sociologist Maslow has created an influential “principle of demand”. He categorizes basic human needs into six levels: 1, physiology 2, safety, 3, social and crowd recognition 4, attention 5, Knowledge 6. Realization of self-worth.

He pointed out that for ordinary people, these needs are arranged in a ladder from low to high. After a certain level of low-level needs are basically met and partially satisfied, naturally a higher level of demand will be generated, but only the needs that can be metIn order to influence and promote human behavior.

  To this theory, combined with the status of marriage, we may say that sex is both a low-level need and a high-level desire. Furthermore, we can even think that sex is the transfer of all the needs of Maslow.One of the most basic and important needs is a sacred need where the spirit and the flesh are one.

It must not be classified as zero demand alone, but it is closely related to Maslow’s juxtaposed demand and must be inseparable.

The reason is simple. Sexual love is both physical and mental.

In life, whether it is a man or a woman, you must solve the problem of sex, and this solution must not only be a physical solution, but also must include the following major aspects: -Sexuality requires the full understanding and complete overcome of the partner, not subject to anyDerogation and slowness.

  -Sex has a motive for desire and a desire to create. Mechanical coping or routine business is definitely the nemesis or even the enemy of sex.

  -Sexuality is one of the highest manifestations of self-worth. Without perfect sex, any glorious life has major flaws.

  From this point of view, simple sex is the most important ES in marriage, so you can’t have the slightest contemplation and idleness.

  However, the problem is that in modern marriages and families, for various reasons, the nature of sex, artistry, and sacredness are often met with satire and degenerate irony, so some men completely view women as tools, and some women simplyReluctant to provide minimal response and cooperation for men. Some men are both ignorant and hard-working about the way of sex, and some women impose sexual blockades and penalties on men . This way, two good peopleAt any time, there may be big disputes and conflicts because of such big and small issues. Over time, eventually, there is only a rift in the middle, and even hatred. Finally, Pan Jinlian is the most famous adulteress in history. SheShe can play thirty-eight sexual styles with Simon, and she also understands communication skills in sex. For example, in the process of being immortal, she can constantly call Simon: “My dear Dada”,”My heart and soul” . Ximing Qing lost three souls so much that among the large and small individual companions, Pan Jinlian always won the favor of Xi Menqing.

  I have no intention of advocating that both women and women be Pan Jinlian, and that men are to be Ximen Qing. I just want to say that with the reduction of the life milestones, millions of men and women must consider andTreat sex well, you know, this is the “great desire of man” in the minds of ancient saints.