Extraordinary Genius

Chapter 1715: The Unemployment Wave in the US

Today, the Los Angeles storm team came to New York to fight the Brooklyn basketball net, and Feng Yu came to a game to relax.

Before the game started, in the team's dressing room, Feng Yu came to see how the team was doing. Several major players on the team were injured this year, giving Huaxia a lot of opportunities to play.

Before going in, Arinas was talking to Martin, saying that several of his friends were unemployed. I was working at a bank. It was definitely a good job. The pay was high and I wasn't tired.

But I didn't expect last year's subprime mortgage crisis to be so severe that U.S. banking institutions began to lay off.

Martin said several of his friends were worse off, working at ATT, and had to start laying off because of the financial crisis and because of the rise of the mobile phone business, customers installing traditional phones had fallen sharply, making their earnings drop sharply.

Billups in a suit said it was good, he had friends working in the same car, it was the biggest car business in the world, and the result was massive layoffs.

They were talking, and when Feng Yu came in, they stood up and greeted him. Speaking of which, they may not be paid more than other teams, but they make a lot of money from advertising endorsements and stuff.

Several times other teams come to dig people up, they don't want to leave unless the team is willing to trade.

Paul Allen once complained to the Alliance that the Rain Squad had a black screen, and there was no reason for so many All-Star players to be on a team. But he forgot that he had organized five giants to fight the storm team, and even the sixth person was a star player with a salary of millions a year.

And it's not uncommon for players in the league to take the initiative to cut wages in order to compete for the championship and so on. Besides, there are a lot of fans who like to watch New York and Los Angeles right now, not to mention the fact that this opens up the market between Warsaw and Russia for the league.

“It's Olympic year, Carl, and players can't get hurt. It doesn't matter if you can't make it to the finals this year. At the end of the season, as in the previous two years, organize some people to be part of the Huaxia team. I won't be sorry for my salary, but I can also go to Huaxia to see the Olympics. ”

Going to Huaxia, these players are very happy. This trip means they can both play and make a fortune. Their popularity in Huaxia is very high.

Even everyone on the team can say a few simple Chinese words, who makes so many Huaxia players on the team?

There are several black players among them who have had to spend more money to take care of their friends. Especially this year, when many of their relatives and friends are unemployed, they also need to work harder to make money.

Most of these players are poorly educated. They don't understand. Why did the US economy suddenly deteriorate? How did so many people lose their jobs?

In their view, when the economy is bad, shouldn't there be more people to go through the hardships of lending? It is said that banks should need more people. Why do banks have the most layoffs?

“Mr. Feng, is it true that my broker told me that it would be better not to invest in stocks these days and that the US stock market will continue to fall?” Pierce suddenly asked.

Feng Yu smiled. “Yes, your agent didn't lie to you. Don't look at the seemingly rebounding U.S. stock market these past few days, it's all an illusion. ”

Pierce's face was bitter, his salary was not low, and he was the highest on the team, although he was only $13 million, less than any other team's big brother. But his ad endorsements are good enough to put him at the top of the list for all players.

But he knew very well that after many players retired, they went bankrupt because they didn't know how to manage their finances.

Feng Yu once told them that if they were to learn how to manage their finances, they should not make too much money and enjoy themselves. The life of bankruptcy was definitely not what they wanted.

Pierce used to give some money to brokers to invest in stocks, when the US stock market was up almost anything. But since the second half of last year, the situation has suddenly plummeted, falling from a peak of 14,000 to what it is now.

Pierce really doesn't know what he's going to invest in. Is this money in the bank? But his banking friend told him that the existence of a bank would be a devaluation, that the dollar had been falling?

Feng Yu looked at several other players and even included Huaxia players such as Dayao.

“Well, let me give you a little advice. There's also a storm consulting branch on the US side. You can invest your money in storm consulting. I think the minimum threshold of a million dollars, most of you have reached it? ”

“The rate of return on the rainstorm consultation will not disappoint you. Though it doesn't make you rich, it definitely makes it easy for your asset growth to win. ”

Feng Yu doesn't mind giving these players a chance to make money, and these players have contributed a lot to the team, making the LA Storm Team profitable every year, which is not easy in itself.

Besides, the money spent on purchasing the team has already been earned back, not to mention the team has increased tenfold! Plus some advertising effects, Feng Yu made too much money.

Some Huaxia players are not well paid, pay taxes in the US, pay taxes in Huaxia, pay training fees, send money to their families, so it's really hard for them to come up with a million dollars all at once.

Seeing that the Huaxia players wanted to invest, Feng Yu pointed out: “You can get it together, get it over a million dollars, sign an agreement in advance to avoid disputes. Or you can invest domestically, and Taihua Consulting is good, and a million RMB over there is fine. ”

Before coming in, Feng Yu listened to what they said about the growing unemployment in the US, and this Feng Yu has also been paying attention.

At this time, the U.S. layoffs ranked high in the banking and automotive industries, followed by the real estate and courier industries.

The bank had to deal with a lot of businessmen because the losses were too heavy. Now there is not so much business. Why do you have so many people to support?

A compensation is the best way for a company to lose weight. The automotive industry is simpler, and redundancy saves some spending on pensions, health insurance, etc., which is much higher than the compensation paid for redundancy.

As for the real-estate sector, that is because last year, the real estate industry had already laid off a large number of employees, which is naturally much less this year.

The same is true of the courier industry: fewer shoppers, less trade, a natural decline in logistics development, less value for the people themselves in the courier industry, non-technical talent, the salaries and social security of couriers, etc. are also the biggest expenses of the company, and redundancies can get them through.

Top-ranked banks, with more than 10,000 redundancies, will not end, according to analysis, 10,000 redundancies will not suffice at all for many banks, and the unemployment tide in the United States will grow worse.

“Well, go play ball and watch yourself. ”

Even if the economy is so bad, the Brooklyn stadium is still empty, but Feng Yu finds that the advertisements of several car companies on the field have been replaced. Have those companies even started saving this money in order to save money?

……