Before I knew it, it was evening, and the students who participated in the trials of the National Special Academy returned to the new camp one after another.

It was later confirmed that the body outside Death Valley, which had been charred by lightning, had nothing to do with the Academy, and was neither a cadet nor a logistician.

Everyone is curious about the identity of the victim, how did he appear on the outskirts of Death Valley at this time, and how could he suddenly be killed by lightning?

Many people have a lot of discussion about this, and the atmosphere today is obviously much more lively than usual, and it also deepens everyone's understanding and impression of Death Valley.

Originally, they all thought that Death Valley was weird and dangerous, and they were exaggerating it, but at this moment, they realized that it was not an exaggeration, and if they were not careful, they would be scorched by lightning, and no one dared to approach the vicinity of Death Valley easily.

After dinner, after the relevant person in charge counted the number of people, Yin Rufeng entered the camp early as usual, and then used his super perception skills, noticed that there was no abnormality, and quickly found Yan Ruoxue's camp tent, and then used the earth escape technique to sneak over.

Yan Ruoxue is already at ease with Yin Rufeng coming to her camp every night to spend the night, she likes Yin Rufeng to be very sticky to her, and she also likes this feeling of being together, and it is exciting and sweet.

It is really difficult to enjoy the sweetness of lovers, but also worry about being discovered by others.

After Yan Ruoxue had dinner, she chatted with Hua Yourong and Hua Zhihui for a while, and then returned to her tent to rest.

She saw Yin Rufeng, who was so flawed, sitting there, smiled lightly, and walked over.

The two pressed close together, relatively silent.

The tent was full of people, and it was difficult for them to speak, and they could only use their mobile phones to communicate if they wanted to.

After chatting for a while, Yin Rufeng and Yan Ruoxue entered the game one after another.

After the unremitting efforts of Ruoshui Linfeng and others, Chaotianque was finally promoted to the second level, and the number of people who could accommodate the gang expanded from two hundred to five hundred.

At the same time, the Demon Domain, the War Palace, and the Sword Slash World have also been upgraded to the second level, and other gangs are also actively upgrading.

After Chaotianque is promoted to level 2, not only can he recruit more gangs to join the gang, but the gang tasks will also increase.

A first-level gang, the gang mission only has two copies: Black Wind Mountain and Misty Forest; The second-level gang, the task has increased the Peach Blossom Island and the forty-level two dungeons.

Today, the top players are already level seventy, while the two dungeons of Black Wind Mountain and Misty Forest are level twenty and thirty, which is obviously too low to meet the requirements of the gang.

The gang is upgraded, and not only is the water in the wind happy, but the gang is also very happy.

With the new Gang Quest, everyone can earn gang contributions while farming dungeon experience, and explode equipment by the way.

Why not?

Ruoshui Linfeng and Hongyan Ruoxue and Hualuo silently did the task training together for one night, although they still stayed at level seventy, but the pet baby rose to level forty-five.

He didn't ingest the boss, he didn't learn new skills, and he didn't even find a new boss.

Playing until dawn, if the water is in the wind, the red face is like snow, and the flowers fall silently, they have gone offline.

Yin Rufeng sensed that there was no abnormality around him, so he used the earth escape technique to return to his own tent from Yan Ruoxue's camp.

After breakfast, the trial continued.

It didn't take long for Hua Yourong to find an opportunity to talk to Yin Rufeng: "I suddenly have a hunch that Long Aotian and Lin Shaoyang will do something to our sisters!" ”

She has no close people in the National Special Academy, and the only people she can trust are Yin Rufeng and Yan Ruoxue.

Hua Yourong didn't know what Yan Ruoxue was capable of, but he knew very well that Yin Rufeng had strong strength, and as soon as he found an opportunity, Hua Yourong told Yin Rufeng.

"Don't panic!"

Yin Rufeng said calmly: "They know that I am close to you, so they want to attack you, and then deal with me, so that they can get the beads!" ”

He thought about it and roughly guessed the thoughts of Long Aotian and Lin Shaoyang.

"What should I do?"

Hua Yourong was a little anxious when he heard this, and said worriedly: "Long Aotian's background is very scary, and Lin Shaoyang is the person in charge of the trial, if they want to do it, then we will definitely not be able to prevent it." ”

She had spent so many days at the National Academy of Special Arts, and she had a little knowledge of the situation of some important people.

"It's okay!"

Yin Rufeng said lightly: "I won't let their conspiracy succeed, if I can't do it, I'll kill them!" ”

He felt that Long Aotian and Lin Shaoyang dealt with Hua Yourong and Hua Zhihui mainly to use them to get the Chaos Seven Spirit Beads, and of course he didn't rule out wanting to take this opportunity to get them.

Regardless of posture or ability, Hua Yourong and Hua Zhihui have great temptation.

Originally, Yin Rufeng wanted to find an opportunity to solve Long Aotian and Lin Shaoyang, but now they actually dared to beat the people around him, which undoubtedly strengthened Yin Rufeng's idea of killing them.

"Are you in danger then?"

Hua Yourong said with concern: "Isn't this okay?" ”

She was not only worried that Long Aotian and Lin Shaoyang were too powerful to deal with, but also worried that Yin Rufeng would be retaliated against by the forces behind them in the future.

"Afraid of what?"

Yin Rufeng couldn't help but smile: "Otherwise, let them arrest you?" ”

Although he didn't know how strong Long Aotian and Lin Shaoyang were, they couldn't have how strong Yin Rufeng was, they could only speculate, and more importantly, they didn't know that Yin Rufeng had made up his mind to find an opportunity to kill them.

Perhaps it was Long Aotian and Lin Shaoyang who didn't know Yin Rufeng's details, so they would think of using Hua Yourong and Hua Zhihui to deal with Yin Rufeng.

"And what do you want me to do?"

Hua Yourong said without thinking: "This matter started because of us, if you can, I am willing to do my best to help you together!" ”

She almost let Lei Guan send someone to arrest her from her home in Jiangnan before, and she felt extremely disgusted with the people who took away and the Long family, rather than being captured, Hua Yourong would rather help Yin Rufeng kill Long Aotian and Lin Shaoyang.

"Kiss me!"

Yin Rufeng looked at Hua Yourong and said with a smile: "Is this okay?" ”

When he saw Hua Yourong's ruined appearance, his mind moved, and he joked with her.

"Kiss it!"

Hua Yourong hesitated for a while, and looked left and right: "Who is afraid of whom?" ”

She herself has a good impression of Yin Rufeng in her heart, and now Yin Rufeng is running to kill people in order to help them, just a kiss, Hua Yourong doesn't feel very excessive.

Yin Rufeng just said casually, how did he know that Hua Yourong readily agreed,

The magical year 2020 is coming to an end. Warren Buffett, known as the "God of Stocks", is no longer as concerned by the media as he was in the first half of the year, and seems to have faded out of people's field of vision. However, those who are careful should notice that Buffett's investment this year can be said to have changed his usual style and made many surprising operations.

In 1999, Warren Buffett published an article in Fortune magazine, reminding him of the Internet bubble at that time, followed by the "Internet winter" in 2000; During the 2008 financial crisis, when the market lost confidence in the stock market, especially the financial industry, and even panicked, Buffett chose to significantly increase his holdings of bank stocks at that time.

Later, the U.S. stock market opened an 11-year long bull era: from March 6, 2009, to the end of February when the **** epidemic broke out in the United States this year, the U.S. S&P 500 index has risen by 408%, the Dow Jones Industrial Index has risen by 357%, and the Nasdaq index has risen by 669%.

Therefore, to a certain extent, Buffett's investment choice is a weather vane and barometer of the U.S. economy. As the turbulent year of 2020 draws to a close, we may be able to see the future trend of the U.S. economy from the investment choices of the "stock god".

When the U.S. stock market plummeted in the first quarter of this year, Buffy chose to follow his own principles: "I am greedy when others are panicking, and I panic when others are greedy." He reversed his holdings in airlines and oil companies, which were severely affected by the epidemic at the time.

However, soon after, with the unfavorable overall epidemic prevention and control in the United States, Buffett immediately changed his investment logic and "cut meat" all aviation stocks (the four major American airlines, namely American Airlines, Delta Air Lines, Southwest Airlines and United Airlines). At Berkshire Hathaway's shareholder meeting on May 3, Warren Buffett said: "The aviation industry is a very challenging and difficult industry, especially under the current circumstances. Now, everyone is being told not to fly or to travel again. We don't know what kind of trends all the business is going to develop into today. ”

As it turned out later, as the pandemic spiraled out of control in the United States, the American aviation industry was hit like never before. According to data released by the International Air Transport Association, due to the impact of the epidemic, global airline passenger revenue may decrease by 314 billion US dollars in 2020, a year-on-year decrease of 55%. The decline in the U.S. airline industry is even more unprecedented, with U.S. airlines seeing a nearly 100 percent drop in net passenger bookings from U.S. airlines, according to Nichos Calio, the chief executive of the U.S. Air Transport Association.

In July, Buffett spent $9.7 billion to buy Dinion Energy, including 7,700 miles of natural gas pipelines and 9,000 cubic feet of natural gas storage space. In fact, as early as 2016, Warren Buffett said that he wanted to build his own energy industry. In 2017, Berkshire Hathaway initiated a plan to acquire Oncor Power. However, at that time, the market's chase for energy stocks led to their prices being too high, and Buffett did not chase the wind. This year, the United States has experienced the double blow of the epidemic and the increase in global oil production, and energy companies are also facing the same fate as aviation companies. However, unlike the pessimistic expectations for the aviation industry, Buffett is willing to continue to invest in the two traditional industries of energy and rail. He has also said on several occasions that energy and railways are two industries that need a lot of money and are the best options to fight inflation. Today, Warren Buffett holds the upstream assets of oil exploration and extraction rights (Occidental Petroleum) in his left hand and the midstream assets of transportation pipelines and storage space and railways in his right hand. Warren Buffett's energy empire framework has gradually surfaced.

Not only that, but in August this year, Buffett made another unexpected decision. The latest documents released by the U.S. Securities and Exchange Commission (SEC) show that in the second quarter of this year, Berkshire Hathaway bought nearly 21 million shares of Barrick Gold Corporation, a gold mining company, and abandoned financial stocks held since the financial crisis, such as Goldman Sachs, Morgan and other bank stocks.

Interestingly, in 2018, at Berkshire Hathaway's shareholder meeting, Warren Buffett compared the 130-fold difference in returns between investing in stocks and gold since 1942, and the return on stocks was much higher than that of gold. Warren Buffett therefore advised investors: "It is better to speculate on gold than in stocks." So, at this moment, why did Warren Buffett suddenly enter the gold field and buy gold companies?

In fact, Warren Buffett's approach, on the one hand, indicates his view on the future transformation of the US economy, and on the other hand, it shows that he has begun to prepare for the future.

In 1999, Warren Buffett published an article in Fortune magazine pointing out that there are two important variables that affect the outcome of investment, namely "interest rate" and "profit". Interest rates and investment are like gravity to objects, the higher the interest rate, the lower the return on investment. The profitability of the enterprise is another important variable.

This year, due to a series of measures such as lockdowns brought about by the epidemic, American companies are constantly "dying". According to CCTV financial reports, S&P Global Market Intelligence statistics show that as of October 4 this year, 504 large-scale companies in the United States have filed for bankruptcy, more than the number of bankruptcy filings in any comparable period since 2010. Consumer, industrial and energy companies account for the majority of those that have filed for bankruptcy. On September 30 this year, the latest data released by the U.S. Department of Commerce showed that in the second quarter of this year, personal consumption expenditures, which account for about 70% of the total U.S. economy, fell by 33.2%. Among them, service spending fell by 41.8% due to the impact of the epidemic. In the consumer industry, the U.S. catering industry as a whole will lose 240 billion US dollars, equivalent to more than one trillion yuan. In order to get the economy back on track, the Fed may continue to throw out more aggressive policies, such as negative interest rates and quantitative easing that is larger than it is now.

On May 7, 2020 local time, Neiman Marcus, a 113-year-old high-end department store chain in the United States, filed for bankruptcy protection.

So, what are the consequences of this approach?

First of all, the long-term low interest rate policy, especially the negative interest rate policy in the United States, will directly lead to a sharp depreciation of the dollar. When the dollar's money supply increased sharply as a direct result of quantitative easing, investors who previously held U.S. Treasuries used to use the cheap dollars to invest in countries with high interest rates overseas.

Second, negative interest rates would destroy the financial world in the United States. And the first to bear the brunt is the banks. Under the normal model, when the central bank's interest rate is still "positive", the bank can make a profit through the interest difference between the loan interest and the deposit interest, and continue to lend and increase leverage. However, when interest rates change from positive to negative, it will curb banks' willingness to leverage under normal circumstances. In order to increase their income, banks will turn to issuing derivatives and investing in risky assets.