Chapter 2 Black Monday: Omens
The weather in the UK at the end of September was noticeably cooler, with the morning mist filling the meadows and trees, and the morning sun pouring down and mixing with the mist into a pale golden glow.
Hall's weekend getaway begins with a dreamy view and a smoky breakfast of soft-boiled omelette, fried bacon meat, fried sausages, fried mushrooms, and pig's blood enema.
The British old man is proud of "respecting tradition", and this breakfast is placed on the table forty years ago and forty years later, which is not in harmony at all, and it is the same difficult to swallow.
"What's on schedule for this weekend?" Helena tore off a small piece of bread and used a fork to pick up the scattered vegetable salad on the plate, and the whole set of actions was elegant and natural.
Hall carefully controlled the knife in his hand without making a plate making a sound as he cut the sausages: "Uh...... I haven't thought about it for a while, do you have any arrangements? ”
Except for big cities such as London and Leeds, other areas in the UK can basically be called "birds don't" big rural areas, and leisure and entertainment are very boring.
During the holidays, you can either nest at home, ride horses, hunt, walk your dog, swim, or go to the city to watch movies and dramas, but there is really nothing fun to do.
"I have asked Mr. Jared to come to my house tomorrow afternoon to audit the finances, since you are interested in business and finance, I think you should have a deeper understanding of the relevant knowledge than before." Helena wiped the corners of her mouth to indicate that she had finished eating.
Hall's eyes lit up, put down the knife and nodded solemnly: "Well, it makes sense, I will arrange the time tomorrow afternoon." ”
Mr. Jared is a well-known private accountant in Yorkshire, with a small practice specialising in accounting services for the wealthy. The Hall family is its client, and Helena meets with them on the last week of each quarter to take care of the quarter's finances.
Since Hall was in elementary school, Helena consciously asked him to participate in the audit to understand the family's income and expenditure. This kind of thing is the norm in traditional wealthy families, and Helena herself came over like this.
Today is Saturday, September 25th. I vaguely remember that the "Black Monday" event of the US stock market crash occurred in mid-October, not long ago.
There are both risks and opportunities in this financial turmoil, and Hall does not want to change from a rich second generation to a negative second generation, so he has to learn more about his own asset situation, avoid possible risks, and take the opportunity to make a profit.
Tomorrow's appointment with a private accountant is obviously very helpful for him to understand the state of his assets!
As soon as I wanted to doze off, someone sent a pillow, and Hall was quite excited: "Thank you, Mom, you are very beautiful today." ”
Today, Helena wears a white home shirt with a coffee-colored floral wool vest underneath, a matching skirt underneath, and a pair of Gucci flat loafers on her feet.
The plain and dignified outfit and elegance and luxury complement each other, the long black hair that conforms to the oriental aesthetic is draped over the shoulders, and a strand of hair hanging behind the ears makes the delicate face slightly soft, which is indeed beautiful.
"You might also be able to visit Barclays, or do a weekend internship or something, which will allow you to learn more." The corners of Helena's mouth curled slightly, she turned her head to take a sip of coffee, and got up to leave the restaurant.
Hall secretly slandered himself that this old mother was a little arrogant, obviously thinking about everything for herself, and she looked flirtatious and uncaring.
Slightly relieved, he relaxed his body and picked up the Financial Times of the day on the side, and continued to eat breakfast leisurely.
"The U.S. stock market is entering a correction period: on August 25, the Dow Jones reached its highest point of the year at 2,736 points, which people see as a new starting point, thinking that the upward momentum will never stop...... However, in September, the Dow Jones index retraced 10% in a row...... It is reasonable to predict that the United States and Wall Street will have to take a break as the dividends from the Plaza Accord, the Louvre Accord, and so on from other countries are exhausted......"
A cursory look at the newspaper found that apart from a very subjective article, the entire page of the newspaper did not contain any analysis of the imminent collapse of global financial markets, and could not even find any relevant negative news.
"Sure enough, there was no warning of the Black Monday outbreak." Hall concluded that there is no foresight of imminent financial risks in the market at the moment, and there is no indication that financial risks will occur.
In fact, in later generations, the financial industry did not have a unified conclusion on the cause of the formation of the financial risk in 87.
Some say it was caused by "technical mistakes", others say that the United States and the European Union have raised interest rates one after another, the United States has run a trade deficit, and the cancellation of a series of policies that have favored the financial sector...... can all be called "Black Monday" triggers.
But in any case, in the present moment, who would think that these trivial things can lie down on the great America, oh no, the great American stock market, and take the world by storm.
Stretching the timeline and ignoring some of the "little troubles" that the United States is experiencing all the time, there are no weighty enough factors in the market today to cause the sudden death of the US stock gaba.
"So how do you profit from it? The easiest way to do this is to short the UK stock market, remember that the UK stock market fell during the financial crisis...... 20%, or 30%?
The risk of avoidance: theoretically, all financial-related assets are at risk, and I don't know which industries the financial crisis has had a greater impact on.
Hey, it's still shallow, if you want to talk about the United States, he roughly knows and remembers a little bit of the impact of the financial crisis, and the European region is completely blind, and only knows the general trend. ”
Hall slowly wiped the crumbs off his hands and left the restaurant with a headache.
"Thinking about it this way, he used to be a little unlearned, and if he could cross it again, he vowed to go back to his previous life when he was studying, and kicked his ass hard with leather shoes full of shoe polish......
Hall was thinking nonsensically in his heart, and Aunt Caroline, the housekeeper, quietly appeared and said with a smile: "Is there something annoying happening in the early morning, you can eat some after-dinner fruit to help relieve your mood." ”
Hall smiled helplessly and complained, "It sounds like he's coaxing a child." ”
"Ah, I'm sorry, it turns out that little Hugo has grown up, and he is not a child who needs to be coaxed to supplement vitamins." Aunt Caroline is nearly forty years old and has been a housekeeper in Hall's house for more than ten years, and her relationship with Hall's mother and son is like that of relatives, and she gets along easily at home on weekdays.
Hall shrugged his shoulders in surrender: "Fruit to the sunroom, I need a copy of the family's financial statements for the first two quarters of the year...... In terms of investment, fixed income, it would be better to be more detailed. "He has to prepare for tomorrow's appointment with a private accountant.
"Financial statements? No problem, I'll sort it out. ”
Aunt Caroline received an affirmative reply and instructed the maid to deliver the fruit to the study, and then returned to her own study to sort out the relevant reports.
Speaking of which, a hundred years ago, there should have been a man and a woman in the family of the aristocratic lords, the female housekeeper managed the maid and various chores internally, and the male housekeeper was responsible for ushering in and sending them to help the master's family deal with some business and political affairs.
Today is different from the past, a hundred years ago, the aristocratic lords were ashamed to participate in the work, and now in these days, a large number of aristocratic families have broken their waste children and grandchildren to go through the back door and rush to enter the financial city, in order to have a decent job.
As a result, there are no many old rules, and the Hall family has only Aunt Caroline, a housekeeper, who is responsible for household chores and acts as a half-working secretary, and she handles many business affairs in the family.