American Fortune Life

“ As the United States economy deteriorated at a faster rate than expected, the New York stock market had fallen to a level of 10 years earlier. To date, the Dow Jones index has fallen by 8,000 integer points, and the index's lowest point of 7,700 points in 10 years is only a short distance away for the first time since March 03. ”

Looking at the laptop screen in the middle of the conference table, Alvitelli had a slightly pungent look, and Andy was also a pungent face pretending to have a tight eyebrow.

In recent times, the expectations that the world had placed on Governments to deliver results from their market-saving policies had been somewhat dashed and had yielded little results. Instead, they had begun with irresistible momentum bo and the real economy, which had led to another successive decline in the world's stock markets.

He naturally knows when the financial crisis will start to rebound, but it can only rot in his stomach and never tell a second person, so it's still necessary to show a little concern, of course, because he's the winner who's going to take advantage of the crisis.

“Markets tend to get worse before they get better. ”

Hearing Big BOSS, several of the people present at the table and Alvitelli on the video connection nodded, but their hearts laughed bitterly. The boss was absolutely right, but the current problem was that no one knew how bad the market was going to be in the future because the economic crisis had worsened than expected.

In the face of this century-old economic crisis, even the “god of shares” Buffett has had difficulty creating myths.

For the sixth consecutive trading day, the shares of Buffet-led Berkshire Hathaway have fallen, more than 40 per cent since the beginning of the year.

Without this crisis, the old gangster Buffett has brought investors an annual rate of return of up to 20 per cent over the past 20 years. At current market prices, however, investors have earned less than 3 per cent of their total earnings over the past five years.

“Buffett's investment principles may be fine, but the problem is the fundamentals of the U.S. economy...” Having heard what Al said, Andy bluntly said that he had long anticipated the loss of the old gangster Buffett.

However, this old man has enough patience to wait. This patience is not as simple as saying. His kind of patience that does not fall into the heart price will never be bought. It will never be sold unless it rises to the psychological price. Patience that does not persevere in waiting is not something that anyone can do.

“What is Goldman Sachs' share price now? ”

Seriously, Andy is a little cheap. As an ally in the acquisition plan, Andy hasn't forgotten the stock price of being a demon in the secondary market. When he's lost more blood, he still hasn't lost his chance to suck the blood of his allies. He's no one else.

“Fifty-five dollars. ”

“Tsk...” Andy left his corner of his mouth, squinting his eyes slightly, smashing his mouth a few times, and the look on his face seemed to suppress his delight.

The Goldman Sachs Group, regarded as the “crown” of the United States financial industry, is also struggling to escape sharp falls in share prices. Goldman Sachs created the lowest closing price since its launch in '99 at $55, shrinking the company's share price by nearly 80 per cent compared to last year's record high of $248. And Buffett, who was miserable, invested $5 billion in Goldman Sachs at a subscription price of $115 per share.

“Citigroup suffered a 23% setback on the last trading day. * * * * Bank stocks fell by nearly 18 per cent and Bank of America stocks by nearly 14 per cent. Following the demise of five major investment banks on Wall Street, several major commercial banks in the United States are facing a new round of life and death.

Since the beginning of the year, Citigroup's share price has fallen cumulatively by approximately 84 per cent and is currently $9.5. Citigroup, formerly known as the world's largest bank in terms of market value, is now the fourth largest bank in the United States. If the company's stock continues to plummet, Citigroup may have to apply for bankruptcy protection because of its precarious debt situation.

According to the information we have, Citigroup may announce plans to lay off 50,000 people globally, while seeking financial support everywhere, according to reliable sources, the Desert Prince intends to invest funds.

To alleviate the market sell-off situation. In an effort to stem further setbacks in stock prices following the closing of the New York stock market today, Citi has filed an application with the United States Securities and Exchange Commission to ban short selling of Citi stock.

The market is also spreading that Citigroup has considered selling its assets to survive, and the company has not ruled out the possibility of merging with other companies... ”

“Citigroup is currently one of the most problematic of the four major commercial banks, and the United States Government must not let it go bankrupt.” Andy frowned and tapped his fingers on the table and said faintly.

“The problem now is not just the lack of market confidence, but the problem with bank balance sheets, and no one knows exactly how many bad assets these banks have. As economic fundamentals deteriorate and the situation can only get worse, the extent to which the Government's financial rescue programmes can play a questionable role is questionable.

Of the first $350 billion, the Treasury currently had about $60 billion left, and Paulson had the possibility of picking up, who had privately indicated that he would leave the remaining bailout funds to the new president.

Oh, Paulson can't hold out in the face of growing doubts that financial rescue funds may be used to pay Wall Street executives! ”

“Eating is ugly! ”

Alvitelli couldn't help but scoff when he heard his boss say, "In addition to us at Intai Bank, the first eight banks owed senior executives pensions and deferred payment bonuses totalling over $40 billion by the end of 2007. The disbursement and disbursement of relief funds were completed as soon as they became available. ”

No wonder the people of the United States go to the streets and start occupying Wall Street, but how could the rich people of Wall Street care about protests and arrogance, so-called dish-boiling, and be trampled on randomly in bloody conflicts? To be honest, America, America is a rich man!

“Forget that, let's keep our people short of financial and banking units, let's not use leverage, but don't let them go.

Yellowstone Club. What's new? ”Andy has lost interest in continuing to listen to the money deals on Wall Street, even though he is a beneficiary of the circle.

“The accounts are confusing and there is a serious misappropriation of funds... ”

Andy shook his head unmindfully, and he was already mentally prepared for the Al debriefing, “so that our people don't have to worry about those issues, so tell Adela Brix that we pay her the money once and for all, except for the assets and all the members of the club, and everything else including debts, salary arrears, etc., and she has to take over the past, all we have to do is net assets and make it perfectly clear with their previous operations! ”

“Got it, boss.” Al nods his head and understands that the owner at home is not trying to figure out where the membership fee went over the past, trying to get rid of all the baggage and get Yellowstone to light up and get back into business. As a result, you'll be relieved to come to the other party.

At the end of the videoconference, Andy also disbanded the on-site meeting, giving several people a break to wait for the afternoon negotiations, while he watched the amount of money the financial divisions in hand had earned him in the recent period.

As countries around the world have restricted or banned shortfalls in financial units, earnings, while impressive, have not surprised Andy much, although Pearl, with the gold price skyrocketing ahead of him, has really numbed over the $120 million earnings of various divisions.

As gold prices rise, so does Andy's influence and reputation among the American public. After all, no one will hate the 'good guys' who can invest with themselves to make money, especially in the midst of a financial storm and darkness in the financial markets.

And so around Andy, the lighthouse effect is gradually taking shape, and Andy's Facebook followers are officially surpassing 100 million, becoming the world's number one, while Andy's own instagram accounts, fans, are moving toward 100 million.