At this moment, Fang Hong's live broadcast room has gathered six or seven million viewers, plus the broadcast of other platforms and other anchors, the actual number of people watching online on the whole network at the same time is tens of millions, and it is also the only super top stream on the whole network that can reach tens of millions of online views.

And there are many elites from all walks of life in the audience.

After chatting for a while, the barrage actor finally got to work, and Fang Hong also saw a barrage floating in the live broadcast room: [Speaking of K God, on Thursday, the financial circle held an exchange forum, and many well-known financial experts are criticizing the New Stock Exchange 50 Index and the SGX for creating a new round of stock market bubbles, what do you think about this?] ]

Fang Hong immediately followed the stubble: "I have paid attention to the matter of the financial forum on the premise of the day, the hottest news in the capital market, and the good multimedia have reported that matter, how to say it......"

Some people in the investment circle who were diving and watching in the live broadcast room suddenly shook their spirits at this time, as if they had a premonition.

In the past two days, the capital circle, including people from all walks of life, has been watching the reaction of the stars, and in the face of the fact that the New Securities 50 Index has been named and violently criticized, there has been no reaction so far, but at this moment, the topic in the live broadcast room talked about this matter, and it is Fang Hong, maybe there will be a good show.

The elites in the capital circle are not stupid, and they also know what kind of characters the anchor in this live broadcast room is, in fact, among the diving onlookers in the live broadcast room at the moment, there are also those people who are watching silently.

But at this moment, Fang Hong seemed to have been brewing for a moment, and then began to talk about this topic: "Frankly, I'm not surprised. We can note that as long as our stock market rises a little, it will soon be accompanied by the emergence of this bubble theory, and when the rally is gratifying, the bubble theory will run rampant. ”

"But what's interesting is that I don't know if the big guys have noticed another detail, that is, the stock market of old magnesium has risen fiercely, and it has recently risen to a historical high, and it is about to go to a new high, but why don't those bubble theorists talk about the bubble of the U.S. stock market? You can savor it and think for yourself. ”

Fang Hong leaned back against the computer chair and said with a smile: "The stock market of Yindu has also risen very well over the years, and I haven't seen them say that there is a bubble, and then our stock market has fallen like this, of course, now the Shanghai Index market has fallen to its current position, and it can't be called a bubble." ”

"But, we say that the Internet loses its memory very quickly, and the hot thing sank into the sea within a few days, but at the same time, the Internet has a memory, and what those bubble theorists say, there is a record on the Internet."

"We can also take out a calculator to calculate, our stock market and the stock market of old magnesium, this valuation bubble, when talking about the price-earnings ratio of the stock market, we have to compare it with the interest rate to talk about what our interest rate is, the interest rate of the old magnesium can be combined with the price-earnings ratio and the interest rate in the continuous interest rate hike."

"Last year, when our stock market rose to more than 5,000 points, when the bubble was very loud, why couldn't we compare with the stock market of old magnesium? Why don't you compare it with last year's interest rate? When the old magnesium has not raised interest rates, the interest rate is close to zero, where is this bubble? ”

Fang Hong paused for a moment, and then said methodically again: "Let me say my conclusion first. The so-called bubble theory is itself a pseudo-argument. ”

"Recently, I have also been studying virtual transactions in Europe and the United States, the earliest virtual economy does not refer to the encrypted digital currency that most people think now, the earliest virtual economy in Europe and the United States is the stock market, and the stock market is a value calculated according to his income, profit and interest rate, and this value is virtual, and higher than the company's physical net asset value."

"The part of the value that is higher than the net assets of the company's entity, the so-called bubble is to exchange for your physical wealth, and all his bubbles are not for you to puncture, but to exchange physical wealth from you to fill his bubble, so does he still have a bubble?"

At this moment, the barrage in the live broadcast room has dropped significantly, because many netizens can't talk to professional content, so there are obviously fewer barrages, and most of the melon-eating netizens still seem to understand it.

Fang Hong thought about it and said, "Take the simplest example, you can understand it immediately. Hundreds of years ago, in the Age of Discovery, in Europe and the United States, some captains who were speculated on the docks, warships that were virtually value-added, etc., why were the prices speculated? ”

"Because they are going to sea to plunder other people's physical wealth, pirate civilization, bring back a large amount of gold, silver and other physical loot to exchange and fill these inflated bubbles, which is also the original driving force of the early colonization and pirate trade."

"Internally, finance must unswervingly serve the entity, which is not wrong, but externally, don't we have to fight with bubbles and bubbles? Otherwise, the valuation of others is ten times higher than yours, and the result is that people only need to pay one-tenth of the equity to exchange 100% of your equity when making an exchange. ”

After saying this, many viewers in the live broadcast room understood it and it was easy to understand.

Fang Hong continued in a clear manner: "So let's take a look at all these things, look back, and then think about what some so-called financial experts in the mainland want to do when they say that they want to burst the bubble." Especially the argument of puncturing the bubble in the property market, this is very marketable, and many people buy it, especially the public, because people want houses to be cheap, which is also understandable. ”

"But some people gain your trust in the name of your good, but they are actually bad, they hide too deeply, and most people may not be able to see through it for a while."

As soon as these words came out, many people in the live broadcast room shook their spirits again, and they obviously felt that Fang Hong's output firepower was gradually increasing.

And Fang Hong continued unhurriedly: "Let's talk about the property market, when it comes to bursting the property market bubble over the years, everyone is happy, but after you are happy, you will find that you can really buy a house?" The result of the real estate bubble is that those who can't afford to buy a house can't afford it, because after the bottom bubble bursts, the income of the government is gone, and all kinds of investments are gone, and then there must be a round of salary cuts and layoffs, and the house is cheaper, but your salary has dropped more, or even unemployed. ”

Many ordinary viewers and netizens in the live broadcast room were speechless for a while, in 2014, the economy began to decline, the property market began to slump, and then fell into the pressure of destocking, and housing prices did fall, but as Fang Hong said, the house is cheaper and can't afford it.

Fang Hong said: "So the solution to the problem is not to say that the bubble is rudely punctured, just to talk about the house, the real solution must be to let your income growth outpace the growth of housing prices, housing prices are rising, but my income in the same period rose faster than housing prices, of course, there is no problem." ”

"Further, it's about raising wages, not about puncturing the bubble. Therefore, we need industrial upgrading and high value-added industries, so as to bring higher income growth, to put it bluntly, the development of science and technology is the last word. ”

"The house, it represents credit, credit, it is mortgaged out of financial assets, currency, if you put the valuation to the floor price, your mortgage will be recovered by the bank, during which there will be a chain reaction, because the mortgage itself also has financial derivatives, its currency multiplier will be greatly reduced, the money in the market will become very scarce, and the money shortage will come."

"When the property market was in a downturn a few years ago, how did the money shortage come about? That's not how it came about, the stock market was hit to more than 1,800 points. ”

More and more people in the live broadcast room began to think, Fang Hong decided to snipe at the door with the gang of people who took the initiative to attack him in the live broadcast room, but also to let more people see the essence of things and not be fooled.

And now, the effect is really starting to show itself.

…… (End of chapter)