Chapter 82 There is only one winner
The exchange rate is the most important thing for a country. It is very important to maintain a relatively stable exchange rate.
Last year, I ordered a shirt from you, and the unit price was two US dollars, but now the exchange rate has fallen by half, and I will give you one dollar. Otherwise, I have to pay four dollars.
Everyone is falling, you don't fall, just think about it, the big rabbit country is now under great economic pressure.
Naturally, the export enterprises are unlucky, and if your things are expensive, I won't buy them.
Of course, at this time, the big rabbit found a good toy.
Yes, all the policies that support real estate are played in that era. Buying a house can solve the blue seal account, and then you may feel that the strength is not enough, so you can refund part of the individual income tax.
Real estate has become a pillar industry, some people scold, and some people jump to support. There is really no right or wrong in this, and the interests are just that.
In this world, there is no baibaodan. From the perspective of stimulating the economy, there is really nothing wrong with that. Just hopefully, don't go too far.
Heung Kong has a population of 7 million, and when the property collapsed, about 300,000 people were affected. If one day, there are tens of millions of people in negative equity in a certain country, it will really be a calf.
Fortunately, the balloon loan was stopped within a few days.
Ahem, the East of the US imperialists, before you figure it out, it's best not to try it lightly. You see, they learned to be very hilarious, and then, they hit the streets.
"Andy, what's going on? Since Shanyi Securities is bankrupt, what about their customers? This is one of the four major brokerages. ”
"Boss, our customers are really increasing. However, these surviving guys obviously still have concerns.
By the way, Merrill Lynch lowered commissions, and besides, they poached a lot of executives. ”
"Bastards, these bastards, it looks like they already knew that Yamayi couldn't do it. By the way, continue to put pressure on him, and as for Merrill Lynch, I'll negotiate. ”
"Okay, boss, the other three brokerages are also a little half-dead, this time the turmoil is over, it's good to have two left. ”
"Hahaha, hahaha, I said myself, hehe!"
To say that the top of the book is dead, this is actually not too strange. The higher they go, the more alarming their IQ becomes.
However, brokerages and banks are also dead, which is a bit funny.
If business is not good, all kinds of demons and monsters will come out to do things, and it is the same for Ben. Speaking of which, the collapse of Yamaichi Securities has something to do with Smecta, but it is not the main reason for their collapse.
During the bubble crisis, it can be said that all industries withered. In this, there are exceptions, not to mention custom shops and action movies, and when the economy is good, their business is not bad.
The counter-cyclical industry, yes, the marblehouse of the book, is the counter-cyclical industry. The worse the economy, the better their business will be.
This kind of business has never been a serious business. It is said that more than ninety percent of the marbles have community backgrounds.
If you get involved with the community, there will basically be nothing good. You think, when the board was opened, there were three bare-chested ones underneath, and a ribbon fish tattooed on their backs.
Ahem, your proposal wants to pass, unless you communicate with that group of bigwigs in advance.
After coming and going, these societies have become a very large force.
That's right, the community is legal, but you'd better not show your face.
If it was in the past, you didn't do anything like this, as long as you can prove that the source of the money is innocent, no one will be looking for trouble.
Unfortunately, this time the situation is a little different.
Yes, the financial system is fully open. In just a few years, the four major brokerages have been losing and retreating, and when the Asian financial turmoil hit, the first and second two major brokerages have actually changed hands.
This time, the collusion with the community to engage in small actions was exposed. Good guys, the people of Ben are angry. Bastards, these guys, shouldn't they all hide in their holes?
When the government looks at it, this is not good, and I want to check it carefully. As a result, I don't know if I don't check, and I'm shocked when I check it. It can't be described with bad deeds.
And then, of course, there are all sorts of sanctions. Of course, there are other driving forces behind this. Otherwise, this kind of thing will not be investigated at all, and even if it is investigated, it will be hastily investigated.
"Mr. Hunter, you can't tell me, we have a good cooperation with Nomura Securities.
If it needs to be changed, I don't have the right to decide. ”
"Yes? Fujita-san, it's a pity, we at Merrill Lynch will provide more professional services. ”
"Haha, it's natural, Mr. White and I mentioned it. Anyway, thank you very much. ”
The two of them talked for a long time, but nothing came out. Fujita is also familiar with the set of your American emperor. If you want to cooperate, of course, you have to give practical benefits.
"Boss, they still don't want to?"
"Tsk, let's put it first, this one is different"
"Okay, boss. ”
The subordinates actually want to say that there are also things you don't dare to mess with. Hehe, too, William White's domineering, it's really not just talking.
In fact, the remaining three brokerages are basically struggling. If you can't change the status quo, it is estimated that no family will be able to escape.
"I know Fujita, the clan is very capable, that old guy from Suzuki, he has finally opened his mind. ”
"Boss, I heard that there is a lot of resistance, and the manager of a branch office came back directly to be the president, as if he was just fifty years old. ”
William White couldn't help but be stunned, is fifty years old young? Well, in this book, there is basically no fifty years old. Not to mention any group companies, small companies are rare.
"It's good to be young, it's good to be young, and if you can use professional managers, it might be better.
By the way, don't pay attention to Merrill Lynch, this group of guys is very troublesome, and I am willing to cooperate with Da Mo. ”
"Okay, I see, boss. ”
William White sighed, this group of guys is still so unstylish. It's too ugly, it's going to be criticized, if you're a one-off, it doesn't matter, if it's a long-term investment, it's better to be decent.
Before the turmoil has passed, a group of predators are already impatient. How expensive it is to buy a company, and if it is a bankrupt company, it is much cheaper.
The current book is simply a bird with a frightened bow. As soon as they are frightened, they will surrender.
It's too much like it, it's too much like that bubble crisis. Could it be that this is the second half?
This time, they seemed to have guessed correctly. In essence, the Asian financial crisis is actually a continuation of the bubble crisis.
You think that seven or six folds are already miserable, but in fact it is not, many stocks and real estate are only two to three folds at the peak. This is not an isolated case, and the property market in Xiangjiang has basically fallen by 70%.
In this way, the stock market bubble and the property market bubble are completely different.
Yes, it takes 13 years of suffering.
If there is no very strong policy, at least three or five years. Of course, the way it broke down was also relatively gentle and long.
The chaebols of the United States attacked everywhere, and they began to sweep away the prey they fancied with a price of three folds or even lower. In the face of the menacing bandits, Asian countries are helpless.
As long as you say anything, Eagle Sauce will talk about marketization. If you don't want to sell your assets at a low price, it will be said to be administrative interference.
Ahem, you go to the United States to buy it and try it? It is guaranteed that you will lose all your money, one is not good, just arrest people first.