Chapter 67 Price Wars
Soros is not happy, there is a feeling of a dog biting a hedgehog, and William White is even more uncomfortable. With the spread of the Asian financial crisis, the IT industry, which was originally quite good, also suffered setbacks.
The most tangled thing is that the debt-ridden four-star group suddenly went crazy.
"Filson, can their current financial situation support this kind of behavior?"
"Boss, according to rough estimates, the foreign debt of the four stars is close to 18 billion US dollars, ahem, boss, not to mention insolvency, in fact, it is not too much worse. ”
Poof, William White squirted out a mouthful of water, but fortunately it was far away, and Filson didn't get hit.
"Ahem, excuse me, what are you talking about? 18 billion, are you sure it's not yen?"
"Boss, it's really not, and besides, this number may increase at any time.
The only good news is that they have given up on continuing to build cars. ”
"Okay, it's quite sober, but how much time has it been, and there hasn't been an explanation for Kia's bankruptcy?"
Filson said that he couldn't understand, and that these Smecta heads didn't know what was long.
"Well, follow up, the four-star here is cleared. I don't know where his confidence comes from, but it's impossible to back down. ”
"Looks like that's the only way to go. ”
The price has collapsed all the way, but it is not only memory. William White's biggest headache is still his oil and gold.
For a moment, William White suddenly discovered that he seemed to be more and more like Maozi, or rather, Maozi's interests were actually the same as his.
Speaking of Maozi, this group of guys is also unlucky enough, the economy has just picked up, and the prices of oil and non-ferrous metals have begun to collapse.
The quality of gasoline and diesel is not very good, if it is a tractor, the problem is not big, BMW Mercedes-Benz still forget it, the expensive maintenance cost will definitely make you vomit blood.
The quality of the steel is not good, don't talk about any European standards, rabbit countries have said that they can't accept it. Unless you use it to build a pig's nest, you really don't dare to use it in other places.
These are basic products, and as for electronics and cars, don't even think about exporting, and no one will buy them.
Poor product quality has caused a problem, and Maozi can be exchanged for foreign exchange, which is a resource product.
No one wants aluminum ingots, so take some bauxite. No one wants steel, so get some iron ore. No one wants gasoline and diesel, so get some oil.
Gold is okay, but it's still useless. There's no shortage of this stuff right now, so make it cheaper.
The external debt has exceeded 100 billion yuan, and the foreign exchange reserves are only about 10 billion. In order to get more foreign exchange, Maozi started a price war.
Nima, can you still have a little bit of a chance? Resource things fight price wars, what kind of self-sacrifice is this?
European friends look at it, yes, what, I don't dig here, if you are cheaper, we will not buy oil with black buddies.
Damn Rio Tinto and BHP Billiton, aren't you going to cut prices yet?
When it comes to resource assets, William White never engages in any price wars. If it really doesn't work, I'll dig a little slower, and if it doesn't work, I'll use iron ore to build rockeries.
Alas, there is no way around oil, you can only hedge in the futures market for this kind of thing. It is impossible to take back the loss, at most it is to reduce the loss a little.
The demand for iron ore is falling, the demand for oil is also falling, and the demand for gold is still falling.
In that case, then don't say anything. Let's see who has the lower price, shall we?
"History will remember this event, and you ask me how much of an impact it has, I don't know. As for whether the crisis is over, you think too much, it will be a disaster.
Okay, that's it, I have a meeting. ”
The reporters who surrounded the White Center didn't expect that this cool ghost guy would answer the question for the first time.
"Mr. White, Mr. White, some people say that it was Soros who caused this disaster, what do you think about this. William White paused and looked at this reporter with a wry smile, Nima, are you planning to stir up trouble?
"Ahem, that's baseless, George is actually a good guy, I don't think he's going to be so mad.
If it was really him, only the mustache could be compared. ”
Throwing down a shocking word, William White turned and left, ignoring any more questions.
Of course, the reporters were not dissatisfied, except for a few rookies who couldn't figure out who George was.
If it weren't for the Asian financial crisis, there shouldn't be so many professional media here.
They're excited now, what you said William White said, it doesn't matter at all, what matters, how we interpret it.
The person who started the Asian financial crisis is the same thing as the mustache, Nima, this news is too exciting.
, what are you waiting for, hurry up and report back to the editorial story.
"Tsk, a good guy? Charlie, dealing with this bastard, if you are touted, is definitely not going to be a good way. ”
Charlie Munger was a little unimpressed, or rather, he could understand William White's feelings.
"With such a heavy loss, you can still praise your opponent. ”
"Ahem, Charlie, is this a compliment?" Buffett smiled bitterly, he could imagine what Soros's expression would be.
Yes, since you want to eat this bowl of rice, it is inevitable to be greeted by your ancestors, who made you a hedge fund. Your success is built on the ruins of others.
But who is the mustache?
", it's not the right way, if you continue to provoke him......" Buffett is not stupid, a person who likes to read, he really understands the meaning of this sentence too well.
Yes, the mustache is a scumbag, even if it goes to hell, he is also a scumbag.
However, during World War I and World War II, it was not you businessmen who bought and sold short to take advantage of it.
Warren Buffett is very smart, and those old guys are naturally not stupid.
Why do you hold Soros so high?
The reason is very simple, if the situation gets out of control, you can step on 10,000 feet.
Well, if George is a good guy.
They don't dare to continue thinking that some money, which is not so easy to digest, a bad one, can cause serious intestinal obstruction.
Wall Street's investment banks are not blindly greedy. When the World Trade Center was demolished, the bigwigs were very well-behaved. As for those who are not sensible, someone will naturally clean you up afterwards.
It's the same with the subprime mortgage crisis, you Europe toss around casually, you need to be marketized. If you dare to mess around in the United States, you won't discuss it at all.
Of course, '08 was a watershed moment. Eagle sauce's economy peaked in 05, and for the next few years, they were just in various waves.
Therefore, if you don't let people come to the United States to stir up, this can be easily achieved. As for the marketization you mentioned, it's good to talk about it, and you really don't need to take it too seriously.
In fact, there is a consensus in the academic community that government intervention will not organize an economic crisis, but there is one thing that they can mitigate the impact of the economic crisis.
As for Soros, who is wreaking havoc everywhere, why can't he see you and you stir up peace in the United States?
It turns out that you also know that there are risks in doing so, and it turns out that you are also afraid of being reckoned with.
Hahaha, it's just a goblin with a backstage, it's no problem to bully Elder Tang, and at the last moment, someone will always come to the rescue. But do you dare to go wild in front of your master?