When you encounter setbacks, you need to stay calm. If you can, it's best to reduce operations. Ahem, it's easy to say, and there are a few people in the game who can do it.

Overall, Julian Robertson is a rare investment genius. Well, it doesn't matter if you see the bubble, you see it too soon, but you're going to be unlucky.

Before the Asian financial crisis, Alan Greenspan had warned of a dot-com bubble. If you are a fan or a student of this house, at the very least, you will miss a wave of market in full swing, if you are a little more sad, the current Julian Robertson is.

Can you say he misjudged?

Not only can't, William White even admired it a little. He even looked forward to it, if this guy lost everything, could he be caught as a coolie.

If you are not a traverser, people don't know how many streets to dump you, if such a guy is used reasonably, its value is simply limitless.

"Charlie, how's the euro lately?"

"The situation in the region is tense, the fluctuations are not too drastic, and they have declined slightly.

However, the White Fund is selling off the US Treasury bonds, hehe, Mr. the richest man, seems to be very optimistic about the future of Europe. ”

"Well, it shouldn't be. "Warren Buffett scratched his head a little to say that William White didn't know about the tensions in Europe, he didn't believe it.

It's just that......

"Yes, some don't understand, it's easy to say that selling Japanese bonds, 150 has risen to 115 now, which is profit-taking.

U.S. debt?"

It's not just Buffett who is dizzy, looking at the report in his hand, Greenspan's head is as big as a bucket. It's easy to say that saving Brazil is good, but a lot of capital is flowing back to the country, and if it goes on like this for a long time, it will be difficult for you to do without inflation.

"Alan, you can't hesitate any longer, you want to guide the people to consume, they won't be obedient. ”

As for Paul Volcker's words, Greenspan couldn't refute them. The declining new home data shows that there are people buying houses.

In William White's view, where property tax is levied, there is basically no possibility of any property speculation group. Of course, this is to say that the real estate tax of the United States and the book is not good for the kind in Xiangjiang.

"Paul, a hike is a must.

But at this time?

If you don't say anything else, Mr. President will certainly not be satisfied. ”

"Hmph, how does the Federal Reserve do things, why should he be satisfied, besides, this guy should have an air control now, and he will go home in two days.

It is necessary to ensure the strong position of the American knife. ”

"This is natural, interest rate hike is inevitable, and I will consider how much to add again. ”

Paul Volcker sighed and said no more. He advocates one step in place, but if he is not in his position, he will not seek his own politics, give you face and talk to you, if you are arrogant, people may not buy it.

Looking back now, the financial sabotage war launched by Eagle Sauce actually outweighed the losses. It is true that countries have increased their dollar reserves, but how can this grievance in people's hearts be easily forgotten.

It is really not a casual talk to say that there is more help for the righteous and less help for the unjust. You see, don't central banks like the euro coming to fruition?

We can't beat it ourselves, so it's okay to fight you with a big head.

If one day, the knife really can't work. Rest assured, a large crowd of people is waiting to throw stones down.

"Lowered again?"

"I'm sorry President, but I didn't meet the target at this year's spring fair. ”

"Bastards, those damn politicians. By the way, what about the expedition to Southeast Asia.

Bastard, what are you doing? The company hasn't closed down yet. ”

Yamada worked for a small electrical appliance company, and of course, as a graduate of Waseda University, his original company was not bad.

It's just a pity that the bubble economy burst, which was followed by the Asian financial crisis, and the securities company he originally worked for finally went bankrupt and collapsed.

The current job, although the monthly income is only 300,000. However, the mortgage, which could never be repaid, made him unable to straighten his waist at all.

"I'm sorry, President, but it's not going well here in Southeast Asia. The land and taxes were decent, and the wages of the workers were not high.

However, their laziness was somewhat unexpected. If you can, it's best to go to the country of rabbits. ”

"Tsk, Rabbit Country, let me think about it again. ”

The conversation between the two is just a microcosm of many small and medium-sized enterprises. The sudden exchange rate change no longer has any advantage in the price they rely on to survive.

To say that the book is also very interesting, the more so-called international enterprises, the more indifferent. Since this place is not suitable for production, it is good that the factory is closed and the employees are disbanded.

It's just these small companies, but they think about the livelihood of their employees. If not, don't investigate it, you can do it anywhere, it's much better than the book anyway.

Today's electronic products, the so-called brand premium, are actually not very obvious. For European and American consumers, those enthusiasts will never buy anything to make it.

Then, in addition to these people, other ordinary consumers will be very price sensitive. I used to be able to buy goods for a hundred dollars, but now you need 120 or even higher, so I'm sorry, Smecta's Dongdong doesn't seem to be bad.

Unemployment has surged, the property market has been tumbling, and the stock market has been neglected. In the face of such a dilemma, it is very strange that the politicians of Xiao Yuben seem to be a little happy to see it.

It is said that Ben likes to learn eagle sauce, don't say it, the reason why they are so numb now is that they are also taking the road of deindustrialization.

Is there a mistake in this choice?

In fact, there really isn't, it's similar to a rice country, and the dividends of the baby boom have disappeared. Without very extreme policies, negative population growth is irreversible.

This is the case in a low-desire society, and you can just watch the happy life of having children from TV. For the average person, this is just too far away.

"Boss, interest rate hike expectations are indeed increasing, but the euro does not seem to be the most stable.

In order to balance investment, the think tank believes that the safest investment is to buy gold. ”

"Yes, hike rate? I'll see how much he increases. Or just a large number of government bonds, otherwise, an era of severe inflation will come and it will be irreversible. ”

Filson's suggestion is actually very much in line with William White's idea. It is inconvenient for him to buy physical gold on a large scale, but if he invests, paper gold is not unavoidable.

Regarding gold, he is a meter, and the Fed has a tacit understanding. In other words, there is a tacit understanding with Greenspan.

However, these are only verbal agreements, and if something happens, you can go back on it immediately. There is such a thing as discipline that never appears in William White's dictionary.

"The yen is appreciating, the U.S. knife is raising interest rates, and the next economic trend is indeed chaotic. Our think tanks unanimously concluded that inflation is irreversible. ”

"Alas, these damn bastards, are they going to increase the hedging of the yen?"

"Yes, boss, it's not obvious now, if the yen can be relatively stable, the amount of such transactions, will reach a very exaggerated level. ”

William Wyath nodded, kind of accepting Filson's statement. In fact, he knew very well that those ancient chaebols in this book relied on this kind of transaction to maintain the operation of the family.

He said that he really likes to save money, even if there is no interest, they have to keep it in the bank.

There is no suitable investment channel, so after the money is transferred, it directly enters the financial system of the United States.

You see, if the Federal Reserve is full of food, and if you are worried about inflation, why should you bring down the financial system? Now, let's enjoy the bubble era together.