Chapter 440: Taking History as a Mirror

"Got it." Lu Haoshan lowered his head and said humbly, "I will keep your words firmly in mind." ”

Lu Zhongfu looked at the children and said, "Your second uncle, the words of the second uncle are not only useful to Haoshan, but also to you, understand?" ”

"Yes! Grandpa, grandpa! We know. Lu Haoyi said in unison.

"Okay, okay, don't preach at the table, it's not good if the food is cold." Jiang Huifen hurriedly said.

"Okay, eat, eat." Lu Zhongfu said with a smile.

The rooftop house was filled with laughter.

&*&

In the rooftop house, Lu Jiangfan dropped the newspaper in his hand, shook his head and said, "Crazy, crazy, people are crazy." "Luo'er, look at it, it has risen from February 28 to 1625.63 points, and on March 2, it has risen to 1744.39 points." In other words, in just one week, the index rose by 15.6%. It's crazy...... Nowadays, the public is: as long as the stocks, not money, many citizens rush to buy stocks, so that the rise in stock prices is far from the actual profit level of the company. ”

Gu Yaluo skillfully made tea, handed Lu Jiangfan a cup, the fragrance of tea filled the room, the refreshing and refreshing music poured into the entire study, and took a sip of the tea ceremony, "History is always strikingly similar, the most typical is the 1929 stock market crash in the United States." On this day known as 'Black Tuesday', everyone on the New York Stock Exchange was caught in a vortex of stock selling, the darkest day in the history of American securities and the most influential and harmful economic event in American history. The impact has spread to Western countries and the whole world. After that, the United States and the world entered a decade-long period of economic depression. The crisis has crept in, and people have not noticed. Autumn 1926. The Florida real estate bubble, which had been outrageously hyped in the speculative frenzy of the 20s, was first punctured. However, this did not raise much alarm for Wall Street's madness. Beginning in 1928, the rise in the stock market entered its final madness. In fact, in the 20s, many industries in the United States still did not recover from the post-World War I depression, and the overheating of the stock market was completely out of touch with the state of the real economy. In March 1929, the U.S. Federal Reserve became concerned about the high stock prices. It was announced that interest rates would be tightened to curb the stock price surge, but the president of the National Commercial Bank of America, Charles Brown. Mitchell acted in his own interest and invested more money in the stock market to avoid a decline. Stockbrokers and bankers continue to agitate people to join speculation. Even some prominent scholars have lost their cool. One of the most typical is Irving of Yale University. Fisher, the great economist, not only melted into the ranks of speculators himself, but also declared in public speeches: 'Stock prices have reached some kind of sustained peak. The voice was calm, without the slightest ebb and flow.

"Stock speculation also needs to learn from history and review history. Let us better understand the vagaries of the stock market. It can add a sense of awe to the stock market. Whether it's in a rising or falling market, the market may reach a point where you can't believe it, and nothing is impossible in this world. If it goes up as much as it goes crazy, it will only go more crazy when it falls, and the time is faster than the bull market. Gu Yaluo said flatly, without a trace of waves in her voice, "There are several famous bubble incidents in history, such as the Dutch tulip incident. The South China Sea Bubble Event, the Florida Land Fever of the Twenties of the Last Century. Wait a minute. In 1636, even tulip bulbs, if not the finest, could be exchanged for 'a new carriage, two horses of chrysanthemum, and a set of harnesses'. More than a year later, the bubble burst unexpectedly, and panic selling caused prices to plummet, triggering an economic crisis. The same is true of the South China Sea Bubble. In 1711, the British South Sea Company was founded, and later received trading privileges from the Spanish colonies, and the stock began to soar. Everyone was involved in this exciting speculation, even Newton's classmates. The bubble is too far from the price of real assets, and it will burst one day. For more than a century after this incident, Britain banned the establishment of joint-stock companies. We are now seeing that the most serious consequences of the bubble bursting were the US stock market in the twenties. After the Florida land fever, attention turned to Wall Street. Everyone doesn't know anything, anyway, just look at the great bull market, that's called an excitement, buy hard. In October 1929, the stock market crash began, and the average stock index fell by more than half in two months. Then came the world economic panic, with World War II waiting ahead. ”

Gu Yaluosu held the cup in his hand, took a sip, and said without the slightest ripple in his voice, "These bubble stories are so ridiculous when you look back, but why do they still happen again and again?" The rationale for speculation lies in the necessity of emulating it when all others are fanatical. One of the instincts, herd mentality. Therefore, this kind of personal behavior will not change because of learning from history; The lessons of history must be applied in the areas of economic policy and the design of social systems. In other words, what should we do, if our stupid ideas of getting something for nothing are temporarily inflated, the fault is not in everyone, the fault is in the government and the system that give everyone a chance. A good system should presuppose human nature to be extremely evil, and then strictly guard against it, I have always felt that way. The moral requirements for people are too high, and they are inherently immoral. ”

Lu Jiangfan smiled indifferently, stretched out his big hand to drink a cup of tea, pursed his lips and said, "Throughout history, I can understand this bit of gossip." The biggest gain was knowing that the only stock Newton had bought in his life had fallen miserably. ”

He glanced at it casually, and although his tone sounded very peaceful, Gu Yaluo still felt a sense of indignation from it, "The stupidity of people's pursuit of unearned gains is like the plague germ of the Middle Ages that speculates at every opportunity, and then the bubble economy follows. I don't know when, the plague germ will be awakened again along with the rats, bringing misfortune and lessons to people again. ”

Gu Yaluo said with a smile, "Second uncle also has the potential to be angry. ”

"Second uncle, this bull market has been rising for a few years." Gu Yaluo took another sip of tea and asked casually.

Lu Jiangfan lowered his eyebrows and pondered, crossed his fingers and calculated, "From 1968 to 1973, yo!" It's been five years, and this bull market is long enough. ”

"This pig is fat, what should I do?" Gu Yaluo turned her head faintly, her cold gaze with a hint of inquiry, and the light in her deep eyes shimmered, flickering brightly and darkly.

Lu Jiangfan coldly narrowed his deep eyes, and his cold gaze fell on the turquoise clear and translucent green tea impartially, "Kill it!" The words fell, but the chill was deep.

Gu Yaluo held Haoqi's building blocks high and said indifferently, "Is it like this?" The bottom of the kettle was drawn, and all of a sudden, the building blocks scattered on the coffee table.

She picked up a building block, weighed it in her hand, and said, "Actually, both the bull market and the bear market are conspiracy!" Historically, bear markets and bull markets have created a part of the rich and bury a large number of investors. Bear and bull markets are nothing more than a conspiracy of capital predators, and a conspiracy needs years to brew. ”

"Terrible?" Lu Jiangfan seemed to have seen the sorrow brought about by the fall of the stock market, and the corpses were everywhere......

Gu Yaluo pursed her lips sneeringly and said, "What does the second uncle think of these British-funded and British-funded brokerage houses, and foreign funds trading Xiangjiang Securities. As he spoke, he threw the bricks in his hand onto the ruins of the blocks.

Lu Jiangfan looked at the fallen building blocks, his peaceful eyes gradually deepened, the more he thought about it, the more terrifying he became, the more he thought about it, the more he trembled, and he shuddered......

He looked up sharply and said, "Luo'er, this?" ”

"That's what you think." Gu Yaluo looked at Lu Jiangfan lightly and spoke in a low voice.

"Damn, damn, damn it!" Lu Jiangfan was indignant.

"If it's just a big deal and lose some money? Earn it back. Most of the Great Depression recession in Hong Kong. Gu Yaluo spoke in a low voice, but her clear eyes kept looking at the celadon in her hand.

"How can you take away the hard-earned money of the little citizens!" Lu Jiangfan's eyes widened, he knocked on the door of his head vigorously and closed his eyes and said, "Wait, let me think about it, think about it......" suddenly opened his eyes and said, "Their purpose is the economic lifeline of Xiangjiang, which is indeed more terrible than making a fortune." ”

Gu Yaluo gave him a thumbs up, and Lu Jiangfan said with a wry smile, "I'd rather not get your compliment." ”

After thinking about it thoroughly, Lu Jiangfan said, "A large number of foreign investors took advantage of the inflated trend accumulated in the Xiangjiang stock market for a long time, first injected capital to raise the stock price, and then sold all the stocks in the high market and left the market at a profit, causing the Hang Seng Index to plummet." When the index reaches the bottom area, it will absorb cheap chips, or acquire cheap shares of listed companies to achieve the purpose of controlling the real economy. What to do? What to do? ”

"In fact, these conspiracies are not only unique to Xiangjiang and other countries, capital pursues profits, we must know that in a market that continues to rise a lot, you can't avoid that some ill-intentioned organizations will always borrow some seemingly reasonable superficial phenomena, and take the opportunity to amplify the effect to create panic, cover up the real intentions behind it, and ultimately just to achieve a long-planned conspiracy. In a plummeting market, most people are miserable, but a small number of people are secretly laughing. Gu Yaluo said calmly, looking at Second Uncle Lu sitting opposite through the shallow light.

"Luo'er wants to find a way?" Lu Jiangfan pleaded.

"Do you think if you tell them this now, will they listen? The presence of money can turn the calmest of people into desperate gamblers. Gu Yaluo spread out her hands, and looked at Second Uncle Lu for a long time with her eyes slightly lowered, her eyes were slightly dim, as if she was thinking about something.

"It's just a matter of waiting." Lu Jiangfan scratched his head irritably and said, "You can go short with your backhand!" ”

"Where's the money?" Gu Yaluo looked at him with cold and deep eyes and said, "The money is all trapped." ”

Alas...... There was only Lu Jiangfan's heavy sigh in the air. (To be continued......)

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