Zhang Junyi remembered that in his previous life, some Xiangjiang media reported like this: Xiangjiang people will never forget the classic fall of the "Iron Lady".

"Xiangjiang Economic Daily" reported that the most profound scene of Xiangjiang people to the British Iron Lady was in September 1982, when the future of Xiangjiang was not clear, she and Deng Lao stepped out of the Great Hall of the People after talks in the Chinese capital, and the Iron Lady actually tripped and fell; This fall was also regarded by the people of Hong Kong as a symbol of the fall of Britain on the issue of the future.

It is said that the Iron Lady originally planned to take advantage of Britain's victory in the Falkland Islands (known as the Malvinas Islands) war to start her visit to China, emphasizing that Britain must retain "the right to govern", and even said "exchanging sovereignty for governing power".

No one thought that with this fall of the Iron Lady, all the beautiful fantasies of Britain would finally come to naught!

Xiangjiang's Cheng Pao reported that the Iron Lady visited Huaxia in September 1982 to discuss the future of Xiangjiang with Deng Lao, who insisted that he would take back Xiangjiang in 1997.

According to a report by Xiangjiang's "Sing Tao Daily," a member of the "Legislative Council" in Hong Kong revealed that after the negotiations between the two countries, he had asked the Iron Lady in person at a luncheon why she had fallen. At that time, the Iron Lady pointed out that as soon as Deng Lao met, she told her, "Huaxia is not Argentina", and said, "You British people can manage Xiangjiang, and we Chinese people must be able to manage it." Deng Lao bluntly said that he would not be Li Hongzhang, and said that if the British did not negotiate, Huaxia would unilaterally take back Xiangjiang. Deng Lao's toughness made the Iron Lady also "soft".

The Hong Kong Economic Journal reported that after fighting Deng Lao, the Iron Lady was finally forced to give up the last "overseas territory" of the British Empire.

After the talks between the two countries in 1982, the Iron Lady accidentally fell down the steps of the Great Hall of the People because of a broken high heel, which became a highly symbolic historical scene. Seeing that the meeting ended in the smell of gunpowder, the Iron Lady deeply felt that the process of talks between the two countries was arduous. She did not want to cause turmoil in the development of Hong Kong, but she could not give false expectations to the people of Hong Kong.

It's hard to appreciate how desperate a bubble can be when it happens without experiencing it firsthand.

In fact, all people who study economics know that such bubbles abound in human history, such as: the South China Sea gold mine bubble in Britain in the 19th century, the tulip stock bubble in the Netherlands, the railroad bubble in the United States, the shipbuilding bubble, leveraged mergers and acquisitions, and junk bond bubbles......

Many people who don't have a certain amount of financial literacy may wonder how come humans haven't learned to be smart at all? Although every bubble has a shadow of the past, humanity still repeats the same mistakes again and again. It's been almost a century since the Nobel Prize in Economics was awarded, and so many brilliant minds won it; Satellites are in the starry sky, and they can figure out the first few bricks you have hidden your keys under your doorstep; Humans can turn sheep into people, so why can't humans avoid these similar bubbles?

In Zhang Junyi's view, if people who can think like this dare to enter the market rashly in the era of economic bubbles, they will definitely be swallowed up by the catastrophe of economic bubbles, and there will be no residue left.

As long as there is some financial knowledge base, people will know that human beings can inherit and accumulate scientifically, therefore, people can send people to the moon; But human beings cannot inherit and accumulate wisdom. I believe that "taking history as a warning" and "reading history and Mingzhi" are not effective for mankind, and mankind cannot learn lessons from history. Just as the inter-ethnic massacres in Europe B.C. were still staged in the concentration camps of Jews in World War II, and the book-burning pit of Confucianism intensified by Qin Shi Huang during the "Anti-Rightist" and "Cultural Revolution", no matter how many times there was a bubble in the economy, the bubble would still happen again.

Because human beings are human beings, and human beings are made up of you and me in every generation. Although our parents will all warn us, don't play with fire, it will burn your hands! But who hasn't been burned by fire?! People are only mature when they have been burned; When a person matures, it is time to leave the stage; The stage will always be a place for new generations to play with fire; Each generation can only grow up from its own experiences; Each generation creates its own bubble and experiences its breaking.

Zhang Junyi still admires a famous sentence once said by Hegel: The only reference that history can provide us with is that we cannot get any reference from history!

Some people may say that the economic bubble loses the masses who do not know much about the economy, the professional elite in the economic field - economists, bankers, fund managers...... They should be able to know about bubbles earlier than the average person, so they can avoid losses more. However, a large number of statistical studies have proved that these elites as a whole are no better at the level of bubble prediction than ordinary people, because their average return in the stock market is the same as that of the general public, and the only thing they earn more than ordinary shareholders is the handling fee.

It's like a sentence that was often hung on the edge by people in previous lives: those who drown know water!

If there is one sentence to describe the economic bubble, Zhang Junyi can only explain it in this way, that is: the bubble is difficult to determine, unless it bursts.

The occurrence of the stock market crash will not be transferred by human will, and this is the objective law of development of the financial market.

In fact, if you are serious about it, Zhang Junyi thinks that this year's stock market crash actually started a year ago, after all, Xiangjiang's bear market Hang Seng Index has begun since 1810.20 in July 1981, and now the classic wrestling of the Iron Lady is just the last opportunity to overthrow the dominoes.

It can be said that with the Iron Lady accidentally falling down the steps of the Great Hall of the People on September 24 because of the broken high heels, the Iron Lady's wrestling does not matter, this picture has not only become a highly symbolic historical picture, but also the last straw that overwhelmed the economic collapse of Xiangjiang.

What is a domino, a domino is actually a type of cuboid domino made of wood, bone, or plastic. When playing, arrange the dominoes in a row at a certain interval, gently knock down the first domino, and the rest of the dominoes will have a chain reaction and fall down in turn.

In fact, the dominoes mentioned by Zhang Junyi refer to a series of chain reactions, that is, one trigger moves the whole body. In an interconnected system, a small initial energy can produce a chain reaction that is known as a "domino effect" or "domino effect".

The felling of the first trees led to the disappearance of the forest; A day's desolation may be the beginning of a lifetime's desolation; The emergence of the first war of great powers, probably the power that reduced the civilization of the entire world to ashes. These prophecies may be alarmist, but in the future we may have to admit their accuracy, and perhaps the only thing that we cannot foresee is how long it will take to pass from the first domino to the last. Some foreseeable events will eventually emerge over a century or two long periods, but they have already begun to change in places we have not noticed.

Just like the stock market crash in Xiangjiang this time, in fact, the root cause of the stock market crash was not because of the classic fall of the Iron Lady.

To give a simple example, there is a border city in Chu called Beiliang, where the girls and the girls in the border city of Wu are picking mulberry leaves on the border, and when they are playing a game, the girls of Wu accidentally step on the girls of Beiliang. The people of Beiliang took the injured girl to blame the people of Wu. The people of Wu were disrespectful, and the people of Beiliang were very annoyed, so they killed the people of Wu and left. The people of Wu went to Beiliang to take revenge and killed the entire family of the Beiliang people. The doctor of Beiliang was furious and said, "The people of Wu dare to attack my city!" So he sent troops to counterattack the Wu people and killed all the local Wu people, old and young. When Wu Wang Yiwu heard this, he was very angry, and sent people to lead troops to invade the border cities of Chu, and only left after capturing Yi. As a result, the states of Wu and Chu had a large-scale conflict. Gongzi Guang of Wu led the army to fight with the people of Chu at Jifu, defeated the Chu army, captured the commander of the Chu army, Pan Zichen, Xiao Weizi and Chen Guo's doctor Xia Yan, and then attacked Yingdu, captured the wife of King Chuping and returned to China. From stepping on your foot in a game, to the outbreak of a large-scale war between the two countries, until the Wu army invaded Yingdu, a series of evolutions in between. This phenomenon is known as the domino effect.

The disaster of the Xiangjiang stock market, can be said to be the most serious Xiangjiang stock market crash in history, Zhang Junyi remembers the stock market crash in the previous life, the bear market Hang Seng Index from July 1981 1810.20, fell to 676 points in December 1982, a total of one year and five months, an increase of about 63%, this is still his own situation did not intervene, Zhang Junyi believes that this life has its own funds into the market is estimated to be much more serious than the previous life.

How serious it will be, it will take time to test, Zhang Junyi himself is not a god, he has no memory of his previous life, and he is at most an existence similar to that of an ordinary financial expert.

After all, I don't have any magical magic like Great Prophecy.

However, we have to admit that if we compare it with each other, in terms of lethality, the one in 1973 was the strongest, not only did many listed companies go bankrupt and liquidate one after another, but many small shareholders went bankrupt.

But to say that the most consuming investment willpower bear market is definitely this year's stock market crash, this year, the stock market sometimes drizzle, sometimes torrential rain and wind, investors look forward to the dawn, but never see the dawn in the dark, many investors are disheartened, Lu chased away from the market. The stock market will not leave until everyone's fighting spirit has been exhausted.

In such a desperate and helpless situation, Zhang Junyi can foresee that many investors in Hong Kong will sell their stocks not to avoid further losses, but to leave the market for good, which is incalculable political risk.

Of course, even in the face of such a desperate situation, Zhang Junyi knows that human greed will never end, and time is the best elixir to heal the wounds of history."

Therefore, September 24, 1982, was a historic and critical moment in Hong Kong, when the Iron Lady had her first contact with Deng Lao on the future of Hong Kong. After the visit, the Iron Lady said that Britain would act in accordance with the three treaties and that it would take a moral responsibility to the citizens of Hong Kong, while China insisted that "it is the sacred responsibility of the Chinese government and the Chinese people to recover the sovereignty of Hong Kong". The development of the incident brought the relationship between the two countries to a low ebb, and the two sides had serious differences of opinion on the future of Hong Kong, so the sensitive stock market plummeted, and the market sentiment was extremely pessimistic, and the Hang Seng Index was quoted at 1121.85 on the trading day before the Iron Lady's visit to China, but after the visit, it quickly slipped below the 800 level.

With the occurrence of the classic fall, rumors of unfavorable conditions for the stock market have spread, and the market is full of rumors that the children of well-known families in Xiangjiang have sold stocks to cash out and will withdraw from the Xiangjiang market forever.

With the stock market crash, Xiangjiang's economy randomly entered a state of collapse.

Since September 24, the entire city of Xiangjiang has been in a collective mourning, and countless businesses have gone bankrupt.

Two years ago, he was obviously the chairman of a certain group company, and he had more than 1,000 workers in his factory in Xiangjiang, but with the occurrence of this stock market crash, the reporter met him again when he was in Youyou Ma Tei in Xiangjiang.

The reporter was shopping in Yau Ma Tei, and suddenly heard a very familiar voice: two pieces of ten yuan! Ten dollars for two! When the reporter turned around, he couldn't believe his eyes, the chairman of a company was standing on a tricycle and shouting about selling second-hand Japanese clothes. Afraid of his embarrassment, and even more afraid of his own embarrassment, somehow the reporter didn't dare to go up to greet him. was hesitating, when someone suddenly shouted: "Ghost! "I saw the chairman two years ago and a few other people who also sold things, like crazy, stuffed their clothes into their bags at a speed that no human could imagine, and pushed the cart away. It turned out that the market management personnel came, and the unlicensed hawkers in Xiangjiang specially asked someone to guard the wind for them.

After returning from Yau Ma Tei, the reporter went again on the second Sunday, the person who did not manage that day came, the chairman's business was also very cold, the reporter plucked up the courage to come forward to greet him, I thought he would be embarrassed, but the chairman is the chairman after all, this reporter also has to admire, in the business experience does not know what face is, the chairman told the reporter: "I am bankrupt, now I can only do this business." It's nice to see you, if it's okay to talk to me. ”

The reporter asked: "How did such a big factory go bankrupt?" ”

The chairman said, "Hi! It's all a greedy word. Before the stock market crash, the Xiangjiang stock market went crazy, I saw a lot of people making money, although I knew that the stock market was risky, but I couldn't help but go in, the result was more and more speculation, at most a day to make millions of dollars, I mortgaged the factory to the bank to borrow money to speculate in stocks, which Cheng thought that the stock market crash came, my funds could not be transferred at once, and the house and factory were given to the bank. ”

The reporter asked again: "Then what happened to your lover now?" ”

"She now cuts threads in a garment factory, and we borrow some of our personal money, which we always have to pay back. Fortunately, this is Hong Kong, as long as people work hard, they will not starve to death; As long as you don't starve to death, there will always be a chance. That's life. ”

This is a typical horse death in Xiangjiang, as time passes, Zhang Junyi sees countless such news published in the newspaper!