Super Emperor of the Late Qing Dynasty

Chapter 649: Black Thursday

You can search for the latest chapters in Baidu for "Super Emperors Search Novels of the Late Qing Dynasty (www.soxscc.com)"!"You have done a very good job in the past few months. You deserve the title of a god of stock!"

As soon as Qiao Sheng sat down, Wang Guangxu expressed his admiration for him.

"Mr. Wang praised. Without your guidance, I can only earn up to 2 billion US dollars."

Qiao Sheng is very proud, but he knows that the person in front of him is even more powerful. The buying and selling of several critical moments are all from his hand.

“It’s time to withdraw. Now Citi’s industrial output has begun to decline. Transactions in emerging industries such as real estate, steel, and automobiles have all fallen sharply. As for other commodities, even if they are paid in installments, they can’t get them up. The gap is too great, a huge middle class has not yet been established, and the poor have no ability to consume at all. Now the stock boom is just based on illusion, and their entities have no corresponding profitability..."

Wang Guangxu briefly talked about his decision and thoughts.

"Mr. Wang, I very much agree with you. Now Citigroup’s bubble economy is very serious. I also suggest that we need to sell all the stocks as soon as possible."

Qiao Sheng meant it was very obvious that he couldn't wait any longer.

"Well, I have a few friends in the Ministry of Commerce. They will issue a few announcements. The Qiao family will win some large-scale projects, creating an illusion of a shortage of funds. This gradual withdrawal will not cause Citi Securities too much. The attention of the regulatory authorities."

Wang Guangxu nodded and said.

Although Qiao Sheng was surprised that Mr. Wang's energy could be so powerful that he could make false announcements by the state department, he didn't ask too much.

It is not that simple to sell 6.5 billion US dollars in stocks. Fortunately, their stocks are relatively scattered, and they did not cause too much trouble in the still prosperous bull market, and soon there will be other funds to do it. Take the Panxia.

It took more than half a month for Rao to make a complete shot, and this half month also turned 6.5 billion into 6.8 billion, which is still the result of not buying.That is, in their hands, the stocks that have risen very high and doubled several times in the past few months have risen by 10% in the past half month (there is a sell-off process, and it cannot be simply calculated at the beginning of the sell-off at 6.5 billion principal).

After the stock sell-off, the company also carried out write-off work. Although many people wanted to take the opportunity to acquire their company, and the price was not low, Qiao Sheng did not agree. It is absolutely impossible to leave the tail. Now they just have to watch Citi's stock market builds tall buildings, just watch him collapse.

When going through the formalities, the local business administration department was also a little puzzled about their behavior. This was obviously a good opportunity to make money, and these people from the Qing Dynasty had large sums of money, so they didn't do it and gave up. They were so puzzled that they could only secretly scold the monkey as a fool.Fun recitation book www.qusoshu.com

Of course, the withdrawal of such a large amount of funds also attracted the attention of the Citi Securities Market Authority, but after they conducted an investigation, they were relieved that this company is the property of the Qiao family, and the Qiao family has recently won tens of billions of dollars. Public construction projects and some large-scale park construction projects.

Even the economic strength of the Qiao family may have a shortage of capital chain. It is normal to withdraw these funds.

These people can’t help but feel amused. How could those poor projects with low profits make money from Citi’s stock market, but they also understand that the Qing’s economy will not be as free as theirs. There is relatively strong supervision, especially in the stock market and large consortia. .They guessed that the Qiao family might do these public welfare things to please the emperor.

However, they will soon forget about the Qiao family. On December 5, half a month later, Citi’s stock market reached its point in the past year. Almost all large stocks have more than quadrupled. , At this time, the stocks have begun to no longer rise, but tend to flatten. In the following month, the stocks began to fall slowly, but the magnitude is not large, and it seems that the next high is brewing.

But on a certain Thursday in January 3923, Citi’s stock market crashed, and people started to sell stocks frantically. The stock price dropped sharply, one hundred dollars and dozens of dollars began to fall, but everyone wanted to sell. People dared to buy, the money they had earned was quickly lost, and they were still losing.

This day is also Thursday, and it is still called Black Thursday. On this day, the dream of Citi stock that had gone up for four years and a year of craziness was shattered.

Stock prices are falling crazily, whether it is a company that looks strong or a company that is weak.

Faced with the collapse of the stock market, some of Citi's economic leaders met afterwards. They made a unanimous decision to buy a large number of stocks. Some steel tycoons bought 20,000 steel stocks at once, and more than 40 million U.S. dollars went in.A car tycoon smashed in 30 million dollars, a banker...

Within a few days the stock price began to stabilize, but soon as they stopped buying, a bigger crash began.

The stock market crash could no longer be stopped. The stocks fell from the top to the abyss overnight, and the price fell so fast that even the automatic stock market monitors could not keep up.Everyone on the New York Stock Exchange was caught in a whirlpool of selling stocks.The stock index plummeted by an average of 40% from the previous 363 points. Thousands of Citigroups watched their life savings disappear in a few days.This is the darkest day in the history of Citi Securities. It is the most influential and most harmful economic event in the history of Citi. Its impact has spread to Western countries and the entire world.

In just two weeks, a total of 50 billion US dollars of wealth disappeared, which is equivalent to the higher Citigroup’s total expenditure in World War I.But the collapse of the Citi stock market was nothing but the crater of a devastating economic crisis.

A lot of people.

At that time, a nursery rhyme was popular in New York: "Melon rang the siren and Hoover rang the bell. Wall Street sent a signal, Citigroup rushed into hell!

The great collapse of the stock market led to the Great Depression that lasted for four years. The economic crisis quickly spread from Citi to other industrial countries.For millions of people, life has become a struggle to eat, wear, and live.In order to safeguard their own interests, various countries have strengthened trade protection measures and methods, further exacerbating the deterioration of the world economic situation, which is an important source of the outbreak of the Second World War...