American Fortune Life
Chapter 1624: Dr. Ye Jianguan
Sending away a constipated look, the mayor of New York, Michael Bloomberg, felt like he was running a big deal for Andy in his hometown, leaving behind a stack of signed documents, taking his little assistant to the Gaia Building (formerly the Lehman Brothers Building) and holding a think tank meeting.
“The current Government remains convinced that the banking privatization system is the right path... However, the Government will“ adequately regulate ”the banking system at the heart of the financial crisis. ”
In the LCD TV in the conference room, White House Press Secretary Robert Gibbs frontally clarified the rumor of ‘bank nationalization’ on a U.S. stock trading tray, which the White House was forced to do, too.
As a result of this, the Dow Jones Index component shares continued to fall after the opening of US shares, and more importantly, Citigroup fell to $1.95, a 22 per cent drop, Bank of America to $3.79, a 3.6 per cent drop, General Electric to $9.38, a 6.8 per cent drop, and General Motors to $1.77, a 12 per cent drop.
Five out of the 30 constituent shares of the Dow Jones Index are currently priced below $10, a situation that was incredible in the past. More alarming to the market is that the claim that buying large shares can guarantee investment security is no longer valid.
The White House's remarks about the desire to maintain the banking system's privacy had led to the recovery of bank stocks, at least not to fall again, but nationalized rumours continued to dominate market trends. Few investors are willing to continue to hold bank shares during the weekend.
After all, in practice, a number of large United States financial institutions have been nationalized to some extent, including the Government's takeover last year of real estate beauty and real estate beauty. In addition, the United States Federal Deposit Insurance Corporation is currently closing several small banks and selling their assets, which is also a form of nationalization.
“Stephen, the takeover of these seven banks is in your hands, complete as soon as possible, digest, open on time next Monday, and do not affect the flow of funds to our customers. ”
After watching the clarification from the White House press spokesman, Andy made a move, and soon someone turned off the TV and looked at Intai Bank CEO Stephen Nuby.
“Understood, boss. I'll take them over after the meeting. One weekend will be enough to complete the initial integration.” Stephen Nurby with black framed glasses smiled confidently on his face.
Andy nodded with satisfaction and had to say that Stephen's abilities were indescribable.
“Using our dedicated database, we studied the bottom of the market in the 1930s, and the analysis concluded that the stock market would fall further.
Warnings have been given to our customers that they have yet to see signs that the desired stock market is truly at its bottom.
As hedge funds already account for one third or more of all transactions, technical xing trading rules have been modified to make it easier for them to bet on falling stocks, making market trends more volatile and sending many false signals.
Studies have shown that the proportion of shares that have risen in recent weeks has become smaller and smaller, indicating that investors have not yet finished selling. ”
Andy leaned lazily on the boss chair, squinting his eyes, touching his chin, listening quietly to the market analysis of the think tank through comparison of big data and data models, combined with his own less detailed memories and mutual verification, which also made him increasingly believe in the big data analysis of the think tank.
There is no need for a man to have any anxiety. Over time, Andy's financial memory in his mind has become more and more choices as a reference, rather than as an unquestionable pointer, history may be astonishingly similar, but the human factor can change at any time. Andy, who has reached this height, has decided to try to enter the 'letter of intent, rather than the book' phase, and must also enter this phase, because his dependence, over time, will disappear completely.
“Oh, the Dow Jones index has cumulatively declined by 47% in the current 16-month bear market, which is already one of the biggest declines in the 113-year history of Dow, after the stock disaster of 1929-1932, when Dow fell by almost 90%. But I'm sure no one would think that the stock market would repeat a similar crash.” Andy smiled and walked around with a pen in his hand, looking around the conference room for a week in a toned tone.
After seeing everyone shake their heads slightly, Andy went on to say, "I don't believe there's going to be a crash, either, and I don't think the stock market will be far off once our new president's stimulus package begins. ”
“The real key is whether the Treasury's plan to divest banks of toxic assets can be rolled out, and if it is rolled out smoothly, US equities, for example, will rebound strongly, if not.” Alvitelli made his own analysis, and although he was not finished, everyone understood what he meant.
Everyone here is well-informed and somewhat aware that the White House and Wall Street are in conflict and are close to tearing their faces apart, not because they have to wait for the US government's money to save their lives. Wall Street has long been lined up with hard-ass donkeys and the Okuanhai.
The White House, for its part, needs Wall Street support to enact a banking treatment program to sell the "toxic assets” that have crushed the financial system, thus completing the rescue of the financial sector.
“Rest assured, the banking treatment plan will be rolled out smoothly, but before then, make some money while it falls short, use March as the demarcation point, then clear all positions and wait for my next move!” Andy made a decision.
“On the gold side... ”
“Gross domestic product (GDP) declined 3.3 per cent in the fourth quarter of last year, the worst performance in 34 years, as the global economic outlook continues to be bleak. The new United States Fed Manufacturing Index fell to a record negative 34, which also shows that the outlook for the United States economy is not optimistic. As a result, investors' hedging sentiment warmed up and poured into the gold market in search of value added, pushing maturities up dramatically.
Coupled with the presidential stimulus package, which failed to boost the United States stock market, the New York Commodity Exchange's April delivery of gold futures rose $25 per ounce for 17 days to $967, or 2.7 per cent, a seven-month high of $975.
Driven by a hedging deal, the New York Commodity Exchange gold futures price continues to rise today, rising by $10.7 per ounce in April to $978, or 1.1 per cent.
According to the January minutes we received from the United States Federal Open Market Commission prior to this morning's opening, the United States economy continued to deteriorate in January and the recovery is not expected until later this year. To this end, despite weak performance in other commodity markets, fuelled by continued hedge buying, term prices will remain strong and close to the $1,000 threshold. ”
“Bang-bang--”
Andy leaned against the boss's chair, his entire right arm resting on the conference table, his fingers tapping gently on the conference table, making a crisp sound, his mouth slightly raised, his mouth whispering, "1,000 bucks off. ”
And everyone in the conference room, especially Budstone, who had been personally invited by Andy, felt most deeply with the admiration and admiration of the young boss. Every time he remembered the wine party that changed someone else's life, he was emotional, and only a young man who had just become a billionaire, now the youngest super-rich man in the world, worth 10 billion dollars. If he hadn't been involved, he would have seen it with his own eyes, he would have listened to it as a less true legend, but it wouldn't have been so shocking.
“Gentlemen, I have a feeling that the price of gold will go up all the way, that it will constantly set the historical record of gold prices, that it will constantly hit the bottom line of people's gold prices, and that it will be a fun show that will go crazy all the way! ”
Andy paused very rhythmically to tap his fingers on the table and raised his head slightly, revealing a mysterious smile on his face.