This is 重新开始's independent financial analysis. No price predictions — only mechanisms taken apart. The market is a distributed computer run by billions of people, and what I try to do is see what it is computing.

Topics span equities, currencies, assets, macro, and occasional reflections on order and human nature. Independent, unsponsored, and representing nothing but my own biases. Updated daily; English editions of new articles are published alongside the Chinese originals.

How these articles are written

Up front: the articles on this site are generated by AI. Subject selection, prose, and both language editions come out of an automated pipeline that runs daily. The analytical method and editorial voice it follows are mine — what to write about, what to leave alone, and which frameworks to take a thing apart with — and I set and keep tuning them. I review each piece before it goes out.

The point of working this way is to publish every day, not to cut corners. But I would rather you not assume every sentence was typed out by hand, so it is stated here.

On data: the pipeline works to verify market and macro figures against primary sources — official statistical agencies, company filings, exchanges — and drops any number it cannot confirm. Even so, errors remain possible. Any figure you intend to act on should be checked against its primary source yourself. If you spot a mistake, tell me and I will fix it.

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Most articles are free. A few in-depth pieces are pay-per-article: the price is shown in USD on the article page, the opening is free to preview, and the full text unlocks instantly after payment. If a free article was valuable to you, you can also leave a tip at the end. Payments are processed by Stripe and support major cards.

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