Deficit or Unsolved Deficit Problem The Federal Reserve has recently shifted its focus to compromise and control the deficit, and the US bond rating is also directly addressing the issue of deficit management. Trump, Beckett, and Powell need to work together to come up with policies to alleviate the deficit. Alleviating the fiscal deficit is the task entrusted to this generation by the times. In this context, I think it is doubtful whether there will be any significant tax cuts in the second half of the year. In the short term, the overall impact of agreeing to this downward adjustment should be smaller than in 2011 and higher than in 2023, between the previous two. Last week, there was an update on short-term short selling. Next Monday morning, we will observe the reaction and then go short.