Chapter 16: The Longest Day (2)
The stock market crash that occurred in the world in 1929 was the most serious, profound, and far-reaching economic event to date, and it was the darkest day in the history of U.S. securities. Affected by the stock market crash, the entire West Shijie entered a decade-long period of economic depression.
In October 1929, the New York Stock Exchange experienced the darkest period in history, from October 21 to October 21, "Black Thursday", the stock price fell like a burst of water, even the New York Stock Exchange President Richard Winey personally bought the shares, unable to recover the decline.
The next day, then-US President Herbert Hoover had to make an announcement in an attempt to revive the confidence of the US market, but there was still no improvement.
On October 28, another day remembered in history as "Black Monday", the Dow Jones index fell by 13% in one day, and no one believed that the market would rise again.
On October 29, "Black Tuesday", investors with collapsed confidence sold stocks regardless of the cost, and the index plummeted, setting a record of 16.41 million shares traded on that day, and the index also fell from a high of 386 points to 298 points, a drop of 22%, a trader described this day as the "worst day" in the 112-year history of the New York Stock Exchange.
Heading into November, the stock market continued to fall, with the Dow Jones slipping to 198 points, which has evaporated nearly half of its market value compared to its peak.
Between 1930 and 1932, the stock market crashed six times in a row, the Dow Jones fell to a measly 41 points, nine-tenths of its market value evaporated out of thin air, thousands of people committed suicide by jumping off buildings, and even Irving Fisher, the great economist who created the quantitative theory of money, lost all the RAND shares in a matter of days, and has been impoverished and in debt ever since.
The crash hit not only investor confidence, but also the banking system and the economy as a whole. The stock market plummeted, investors suffered heavy losses, and they were unable to spend, so there was a serious backlog of goods in the market, and there was a crisis in the banks, which left enterprises without financing channels, and production was sluggish, which in turn aggravated the crisis in the stock market and the economy, and this vicious circle continued, eventually triggering a serious economic crisis. As the United States played an important role in the shijie economy, its economic crisis triggered the Great Depression, which pervaded shijie capitalism. Tens of millions of people have lost their jobs, countless have been left homeless, and hundreds of billions of dollars of wealth have evaporated.
Anyone who knows a little bit about the history of securities knows this history, and Liao Xiaohua is no exception. He had only thought that Baker's speech would cause the stock market to fall, but he did not expect Bell to compare it to the Great Crash of 1929.
"It can't be, right?" Liao Xiaohua didn't believe it in his heart, but when the words came to his mouth, he still said it very tactfully.
"I know you don't believe it, but you just have to think about how much international travel money is in the United States, and once the depreciation of the dollar becomes a reality, how much capital will be withdrawn from the United States, and how much capital will be withdrawn from the stock market?" Zhong Shi didn't care about Liao Xiaohua's words, but followed the good path.
"I don't know!" Liao Xiaohua frowned and thought for a long time, then sighed lightly and said a little helplessly.
It's no wonder that he has been eating, drinking, and having fun in the past few years, where would he care about these economic happenings, and I'm afraid he hasn't even paid attention to some of the economic indicators released every month. Besides, all the knowledge in Zhong Shi's mind came from the later generations, and he couldn't compare it at all.
"Don't you know if you look at today's market?" Zhong Shi smiled, picked up the coffee on the table and sipped it lightly, and after taking two sips, seeing that the Liao father and son were still confused, he said, "The two of you haven't eaten yet, right?" Let's have some dinner here, and let's go see a good show after dawn! ”
Liao Chengde and Liao Xiaohua's biological clocks are a little different from Zhong Shi's, and their schedules are adjusted to daytime. After this toss, Liao Chengde was a little tired, and after yawning a few times, he waved his hand, declined Zhong Shi's kindness, got into the car, and drove back.
Liao Xiaohua stayed and had "breakfast" with Zhong Shi, at this time it was already about three o'clock in the evening, and the servants of the Zhong family had not rested, and it only took ten minutes to make a rich "breakfast".
With a golden omelette, tantalizing bacon, a crisp salad, freshly squeezed orange juice and a large plate of toast, it's breakfast for three. Liao Xiaohua didn't expect Zhong Shi's taste to be so Westernized, he thought that Zhong Shi was the same as his father, and his daily breakfast was soy milk fritters.
With so many years of British rule, Hong Kong people's food is also a bit of a fusion of East and West. Generally, Hong Kong people eat butter buns, fried eggs, ham noodles, coffee or tea for breakfast. Only people like Liao Chengde still retain the food traditions brought from the interior, and fortunately, there are restaurants in Hong Kong with different tastes.
After the three of them finished eating, they each rested for a while, until the sky was bright, and then they packed up their spirits and ran to the Liao family's mansion.
"It's going to be a very busy day, maybe there won't be any rest for the whole day!" Zhong Shi looked at the scenery of Victoria Harbour and muttered to himself.
Liao Chengde ran around for half a night last night, and this person's spirit was a little bad, and he didn't get up until the servant notified him for half an hour, and when everything was cleaned up, it was not a few minutes before he left the plate.
The crowd got into a nanny car that could seat seven people and rushed to Central.
Speaking of this nanny car, there is really a little story, Liao Xiaohua chased a well-known female star surnamed Liu, and bought an RV for her on his own initiative, who would have expected that the actress surnamed Liu was having a hot fight with a male star surnamed Liang, and she didn't even look at the RV sent up, and directly ignored Liao Xiaohua. Liao Xiaohua, who was deeply hit, was furious and wanted to smash the RV on the street, but was stopped by the police patrolling the street, but all this was filmed by entertainment reporters and became a sensation in gossip magazines, and since then this RV has become very famous.
Liao Chengde and Zhong Shi naturally didn't know all this, in the morning, Liao Chengde remembered that there was an RV in the garage, just enough to fill people, so he asked the driver to drive the car out, and the group sat down, only to find that the car had almost never been used, the interior decoration was new, the design was also very thorough, and there was even a refrigerator.
Since this car came out, Liao Xiaohua's face has been a little strange, everyone thought that he didn't rest well last night, and didn't take it to heart, where would they think that there was an inside story in this!
Hong Kong's paparazzi are world-famous, and there are several dedicated paparazzi who have been lurking in Liao Xiaohua's house for a long time, and when this famous RV drove out of the Zhong family's mansion, several inconspicuous taxis quietly followed.
"Huh? Someone stalking us? Land Rover, who was sitting in the front seat, looked in the rearview mirror a few times and was surprised to find something unusual in the back of the car. He really didn't understand, how could someone be following them, and it seemed that they hadn't offended anyone recently, unless someone was preparing to do something bad to Zhong Shi?
As soon as he thought of this, Land Rover clenched his fists and thought quickly in his heart as he looked at the three people in the rear compartment. Zhong Shi and Liao Chengde in the back of the carriage were not aware of it at all, and were still listening carefully to the pre-opening broadcast, in which a stock market commentator who spoke fluent Cantonese was saying impassionedly: "In view of the improvement in the economic situation and the new high number of employment in Hong Kong, I believe that the Hang Seng Index will continue to climb in the next few days......"
"Isn't that? It's the same as saying that he was cuckolded by his wife! Zhong Shi smiled in his heart. Liao Chengde looked tired and couldn't stop yawning, obviously not resting well enough. Only Liao Xiaohua looked uneasy, and his eyes couldn't stop looking at the back.
"Huh? Could it be that you are looking for Young Master Liao? Land Rover's heart sank, and then he remembered all the ridiculous things Liao Xiaohua had before, and he had some understanding.
"It seems that I am a little suspicious!" Land Rover thought, but he still can't relax his carelessness, and when he arrives at his destination, he still has to explore the bottom to see what the other party is from.
Half an hour later, the RV stopped abruptly and stopped in front of a skyscraper, where hundreds of brokerage companies gathered, and the daily inflow and withdrawal of funds was calculated in hundreds of millions. Liao Chengde opened an account in a humble brokerage here, but he only took care of his own money.
With Liao Chengde's current net worth, if he wants to find a brokerage bank, the wealth management departments of those large brokerages, investment banks, and even the financial management departments of banks may come to the door to ask for a meeting, and they will try their best to persuade Liao Chengde. The reason why I chose such a place where brokerages gather is to hide my true identity.
"Zhong Sheng, Liao Sheng, you go first, I'll be there later!" When the four of them got out of the car and entered the building, Land Rover suddenly spoke.
For Land Rover's move, Zhong Shi just nodded, and continued to walk forward with an expressionless face. Liao Chengde subconsciously shrunk his neck, looked around with some uneasiness, and then said to Land Rover: "Fifteenth floor, Renfu Brokerage Company." ”
Liao Xiaohua walked forward with a weak heart, afraid that he didn't even hear what Land Rover said.
Li Guohao is a reporter for a gossip magazine, specializing in photographing the whereabouts of dating between some rich second generations and female stars, this time he has been guarding the famous Liao house in the city for so long, and finally let him shoot what he wants to shoot, but the female star has not yet appeared, and he has to wait for half a day.
"Friends? What the hell are you doing here? Just as he was beaming with pride, a cold voice came from behind him. He was so shocked that he was about to turn his head, when a palm the size of a fan landed on his head, making him unable to move.
Feeling the coldness coming from behind him, Li Guohao was a little panicked, and he said inwardly: "What are you doing? Let me tell you, Hong Kong is a place of rule of law......"
Before he could finish speaking, a knife slashed hard at his neck, making him lose consciousness in front of him.
…………
Liao Chengde and Zhong Shi walked into the brokerage and saw a busy scene, the agent ignored the beads of sweat that continued to ooze from his forehead, and called out one after another, his tone was full of anxiety.
"What's going on?" Liao Chengde was a little strange, he pulled over an agent who happened to pass by him, and asked puzzledly.
"Huh? Liao Sheng, the Hong Kong index has plummeted! It fell by 120 points at the opening, and now everyone is panicking! The agent who was not very old and had a pale face was stopped by Liao Cheng, and a trace of anger appeared on his face at first, and after seeing the person in front of him clearly, he suddenly turned into a respectful expression and said what happened to the Hang Seng Index.
"Sure enough!" Liao Xiaohua clenched his fists and was about to shout loudly.
"Zhong Sheng, what the hell is going on?" Liao Chengde glared at his son dissatisfied, and then turned his head to ask Zhong Shi.
"Liao Sheng, your empty order has made a lot of money!" Before Zhong Shi could speak, a begging voice sounded out of thin air, it was the deputy general manager of this brokerage house, Liao Chengde's agent. (Ask for clicks, ask for recommendations, ask for favorites)
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