Chapter 1258: 1258
If audio player doesn't work, press Stop then Play button again
When Andy and Lima are living a shameless, three meals a day life in Montana farm, the whole world is still shivering under the raging financial storm, and the rescue plans of various countries are like fighting for the fire, which makes the panic more out of control.
The krona fell sharply against the euro. The Icelandic central bank had to announce that it would fix the krona to the euro at 131 to 1, but then, because of the relentless selling of the krona in the foreign exchange market, the Icelandic central bank announced that it would give up supporting the krona exchange rate, Iceland was only a step away from the bankruptcy of the country.
On October 10, standard & Poor's, the authoritative rating agency, said it would consider reducing the credit rating of GM and Ford Motor Company from "b-minus" to "junk". After that, the stock of GM immediately plunged, all the way to the lowest price since 1950, and the total market value of the company's stock also shrank to the lowest point since 1929.
Dragged down by this, the New York stock market, which had been hovering at a low level, made a dramatic scene less than an hour before closing.
The Dow Jones 30 industrial stock average fell below 9000 in a flash under the market's frantic selling, which is the first time since August 2003 that the Dow has missed the whole point.
Subsequently, 8900 points, 8800 points, 8700 points and 8600 points were easily broken down. Finally, the Dow closed at 8579.19, 678.91 points lower than the previous session, or 7.3%.
The S & P 500 stock index also fell 7.6% on the day, while the Nasdaq composite index fell 5.47%. This is also the 7th trading day since the 1st of this month, New York stock market fell across the board. The cumulative decline of the three major stock indexes is more than 20%...
Finally, Buffett, who has invested 8 billion dollars in the market, can't sit still. He started his public relations offensive. He took the initiative to call Paulson, the Treasury Secretary, to provide suggestions. He wrote a long letter, put forward written suggestions, and expressed his willingness to provide 20% of private funds, 100 million dollars, to support the implementation of the rescue plan!
In an hour long interview with AMC cable news, Buffett called the market turmoil "economic Pearl Harbor" and reiterated his belief in the long-term dominance of the United States.
It is extremely rare to publicly claim that he is buying stocks. When the financial crisis caused investors to panic and sell, whether patriotic or public relations, he held Lima on the sofa and watched the old rascal talk with a dignified face. Andy admired the old guy's responsibility and judgment very much.
"The financial system is a mess now, as it is in the United States and the rest of the world...
So... I've been buying American stocks. I'm referring to my own private account. Before that, all I bought in my private account were U.S. government bonds, and there was no stock investment.
Of course, that doesn't include my Berkshire Hathaway shares, which I've donated to charity.
All my private account assets, except Berkshire shares, will soon be invested in U.S. stocks.
Why?
Because I buy stocks with a simple investment philosophy: fear when others are greedy, and greed when others are afraid. It's almost certain that the fear is spreading everywhere, investors are scared, even experienced investors are scared...
I want to make it clear that I can't predict the short-term volatility of the stock market at all. Even if the stock market will rise or fall in the next month or year, I can't see clearly.
However, before the market sentiment turns better or the economy recovers, it is likely that the stock market has risen ahead of time, and it may be a big rise. So if you have to wait for the robin to spring, then spring will be over
"Honey, when will this terrible economic crisis end? I see the news report says that in the Greater Los Angeles area alone, the number of newly homeless people has reached 73000, of which 40% are women and children, which is terrible! "
Lima watched Buffett's exclusive interview on TV, just left Brazil, which was hit by the economic crisis, and saw the sad scene of news reports. Lima was a little hard to accept. After all, she came to the United States for development, and also had an "American Dream" which was played up and praised by the media all over the world.
But now it seems that the so-called "American Dream" myth has been completely destroyed!
Andy tightens Lima's chin against her shoulder from behind. Lu Shan's claws are used to Xing Wan's favorite of men, pride of women and ration of babies, saying lightly: "American Dream"? In Washington, they call it the "ownership society". Since every family in the United States has its own house, the government does not interfere with people's realization of their American dream. Do you know what the real meaning is? "
Lima is upset by Andy's teasing Bo. He turns around and looks back at Andy. Chun shakes his head with a pretty face and a little red. A pair of grey green eyes are misty and slightly confused.
"No one cares about you. You have to be on your own...... Now is the time for them to admit their failure! "Andy's words are indifferent, maybe cold-blooded, but that's the truth. It's time to wake up.
Under the market economy, it is impossible for everyone to have their own houses, or even most of them.
The so-called "everyone has their own house" in the United States. Under the impact of the subprime mortgage crisis, it's like a sandcastle by the sea. After a wave, it's a mess. According to the data Andy has, it's conservatively estimated that there are about 7.5 million home buyers in the United States with "negative assets", and 2.1 million are on the edge of "negative assets".
Just as Andy and Lima are getting tired of being together on the sofa, preparing to make up their shoes with swords and accomplish the important task of human life in the wind and sun, the most annoying thing happened to Andy.
That's right, the cell phone rings out of time, and it's the two phones that ring at the same time.
"Cluck..." Lima, with pink cheeks, curled up, giggled and giggled, and looked at Andy's constipated face, who was very upset. Lima reached out to touch his cheek and said: "go to the phone first, everyone knows you are writing behind the door, and still call. It's no small matter."
"Shetter!" Andy cursed very angrily. He got up from the sofa, took his personal cell phone and looked at it. Joseph, the security company of freedom eagle, called him not far away. He pondered and chose to hang up first. Then he picked up his external cell phone and saw that it was Hamilton, the chief of staff of the finance minister.
"I really have to pick up..." Andy looks at Lima, who has started to rearrange his clothes and trousers. He says something unsavory, and then picks it up.
Lima looks at Andy, who is still a little upset when he just picked up the phone, with the passage of time, a smile appears on his face, and then it becomes more and more brilliant. He guesses what good things happened.
"Ha ha, Hamilton, thank you for telling me the good news. I didn't expect that we, Yingtai bank, could be selected into the first group of bank capital injection plans. Ha ha, of course, I'm happy... It's not right for you to say that. No one will think that their own funds are more sufficient. But you are right. The interest rate of 9% per year is not low. Well, I'll call Stephen nubbi now to inform him that we will attend the meeting in the afternoon on time... "
After hanging up, looking at Andy's bright smile, he asked curiously, "honey, what's the good news?"
"Well? Oh, isn't it worried that some banks will continue to go bankrupt, causing greater panic in the market? The Ministry of finance has just finalized a bank injection plan, and the Federal Reserve Bank of New York has completed the selection of the first batch of banks with the assistance of the monetary supervision office. My Yingtai bank is also listed here. Although it doesn't have much money, it has a scale of 2 billion dollars. Ha ha, it seems that the children who will make trouble really have Na I eat! "
Said Andy bad smile stretched out Lu Shan's claw, attracted Lima's coquetry, pats to open the big hand of the mischief, Lima is also the eyes light slightly, the more successful her man is, the happier she is naturally, although she can't become the hostess, but she won't give up a higher ambition.
Lima, like an octopus, sat in Andy's arms, circled his neck, and said to Andy with eyes like silk, "honey, I want a baby!"
Andy raised his eyebrows, joked and smiled: "of course, it's OK. It's a relaxing and happy thing for me to make your stomach bigger!"
Please report us if you find any errors so we can fix it asap!
When Andy and Lima are living a shameless, three meals a day life in Montana farm, the whole world is still shivering under the raging financial storm, and the rescue plans of various countries are like fighting for the fire, which makes the panic more out of control.
The krona fell sharply against the euro. The Icelandic central bank had to announce that it would fix the krona to the euro at 131 to 1, but then, because of the relentless selling of the krona in the foreign exchange market, the Icelandic central bank announced that it would give up supporting the krona exchange rate, Iceland was only a step away from the bankruptcy of the country.
On October 10, standard & Poor's, the authoritative rating agency, said it would consider reducing the credit rating of GM and Ford Motor Company from "b-minus" to "junk". After that, the stock of GM immediately plunged, all the way to the lowest price since 1950, and the total market value of the company's stock also shrank to the lowest point since 1929.
Dragged down by this, the New York stock market, which had been hovering at a low level, made a dramatic scene less than an hour before closing.
The Dow Jones 30 industrial stock average fell below 9000 in a flash under the market's frantic selling, which is the first time since August 2003 that the Dow has missed the whole point.
Subsequently, 8900 points, 8800 points, 8700 points and 8600 points were easily broken down. Finally, the Dow closed at 8579.19, 678.91 points lower than the previous session, or 7.3%.
The S & P 500 stock index also fell 7.6% on the day, while the Nasdaq composite index fell 5.47%. This is also the 7th trading day since the 1st of this month, New York stock market fell across the board. The cumulative decline of the three major stock indexes is more than 20%...
Finally, Buffett, who has invested 8 billion dollars in the market, can't sit still. He started his public relations offensive. He took the initiative to call Paulson, the Treasury Secretary, to provide suggestions. He wrote a long letter, put forward written suggestions, and expressed his willingness to provide 20% of private funds, 100 million dollars, to support the implementation of the rescue plan!
In an hour long interview with AMC cable news, Buffett called the market turmoil "economic Pearl Harbor" and reiterated his belief in the long-term dominance of the United States.
It is extremely rare to publicly claim that he is buying stocks. When the financial crisis caused investors to panic and sell, whether patriotic or public relations, he held Lima on the sofa and watched the old rascal talk with a dignified face. Andy admired the old guy's responsibility and judgment very much.
"The financial system is a mess now, as it is in the United States and the rest of the world...
So... I've been buying American stocks. I'm referring to my own private account. Before that, all I bought in my private account were U.S. government bonds, and there was no stock investment.
Of course, that doesn't include my Berkshire Hathaway shares, which I've donated to charity.
All my private account assets, except Berkshire shares, will soon be invested in U.S. stocks.
Why?
Because I buy stocks with a simple investment philosophy: fear when others are greedy, and greed when others are afraid. It's almost certain that the fear is spreading everywhere, investors are scared, even experienced investors are scared...
I want to make it clear that I can't predict the short-term volatility of the stock market at all. Even if the stock market will rise or fall in the next month or year, I can't see clearly.
However, before the market sentiment turns better or the economy recovers, it is likely that the stock market has risen ahead of time, and it may be a big rise. So if you have to wait for the robin to spring, then spring will be over
"Honey, when will this terrible economic crisis end? I see the news report says that in the Greater Los Angeles area alone, the number of newly homeless people has reached 73000, of which 40% are women and children, which is terrible! "
Lima watched Buffett's exclusive interview on TV, just left Brazil, which was hit by the economic crisis, and saw the sad scene of news reports. Lima was a little hard to accept. After all, she came to the United States for development, and also had an "American Dream" which was played up and praised by the media all over the world.
But now it seems that the so-called "American Dream" myth has been completely destroyed!
Andy tightens Lima's chin against her shoulder from behind. Lu Shan's claws are used to Xing Wan's favorite of men, pride of women and ration of babies, saying lightly: "American Dream"? In Washington, they call it the "ownership society". Since every family in the United States has its own house, the government does not interfere with people's realization of their American dream. Do you know what the real meaning is? "
Lima is upset by Andy's teasing Bo. He turns around and looks back at Andy. Chun shakes his head with a pretty face and a little red. A pair of grey green eyes are misty and slightly confused.
"No one cares about you. You have to be on your own...... Now is the time for them to admit their failure! "Andy's words are indifferent, maybe cold-blooded, but that's the truth. It's time to wake up.
Under the market economy, it is impossible for everyone to have their own houses, or even most of them.
The so-called "everyone has their own house" in the United States. Under the impact of the subprime mortgage crisis, it's like a sandcastle by the sea. After a wave, it's a mess. According to the data Andy has, it's conservatively estimated that there are about 7.5 million home buyers in the United States with "negative assets", and 2.1 million are on the edge of "negative assets".
Just as Andy and Lima are getting tired of being together on the sofa, preparing to make up their shoes with swords and accomplish the important task of human life in the wind and sun, the most annoying thing happened to Andy.
That's right, the cell phone rings out of time, and it's the two phones that ring at the same time.
"Cluck..." Lima, with pink cheeks, curled up, giggled and giggled, and looked at Andy's constipated face, who was very upset. Lima reached out to touch his cheek and said: "go to the phone first, everyone knows you are writing behind the door, and still call. It's no small matter."
"Shetter!" Andy cursed very angrily. He got up from the sofa, took his personal cell phone and looked at it. Joseph, the security company of freedom eagle, called him not far away. He pondered and chose to hang up first. Then he picked up his external cell phone and saw that it was Hamilton, the chief of staff of the finance minister.
"I really have to pick up..." Andy looks at Lima, who has started to rearrange his clothes and trousers. He says something unsavory, and then picks it up.
Lima looks at Andy, who is still a little upset when he just picked up the phone, with the passage of time, a smile appears on his face, and then it becomes more and more brilliant. He guesses what good things happened.
"Ha ha, Hamilton, thank you for telling me the good news. I didn't expect that we, Yingtai bank, could be selected into the first group of bank capital injection plans. Ha ha, of course, I'm happy... It's not right for you to say that. No one will think that their own funds are more sufficient. But you are right. The interest rate of 9% per year is not low. Well, I'll call Stephen nubbi now to inform him that we will attend the meeting in the afternoon on time... "
After hanging up, looking at Andy's bright smile, he asked curiously, "honey, what's the good news?"
"Well? Oh, isn't it worried that some banks will continue to go bankrupt, causing greater panic in the market? The Ministry of finance has just finalized a bank injection plan, and the Federal Reserve Bank of New York has completed the selection of the first batch of banks with the assistance of the monetary supervision office. My Yingtai bank is also listed here. Although it doesn't have much money, it has a scale of 2 billion dollars. Ha ha, it seems that the children who will make trouble really have Na I eat! "
Said Andy bad smile stretched out Lu Shan's claw, attracted Lima's coquetry, pats to open the big hand of the mischief, Lima is also the eyes light slightly, the more successful her man is, the happier she is naturally, although she can't become the hostess, but she won't give up a higher ambition.
Lima, like an octopus, sat in Andy's arms, circled his neck, and said to Andy with eyes like silk, "honey, I want a baby!"
Andy raised his eyebrows, joked and smiled: "of course, it's OK. It's a relaxing and happy thing for me to make your stomach bigger!"
When Andy and Lima are living a shameless, three meals a day life in Montana farm, the whole world is still shivering under the raging financial storm, and the rescue plans of various countries are like fighting for the fire, which makes the panic more out of control. The krona fell sharply against the euro. The Icelandic central bank had to announce that it would fix the krona to the euro at 131 to 1, but then, because of the relentless selling of the krona in the foreign exchange market, the Icelandic central bank announced that it would give up supporting the krona exchange rate, Iceland was only a step away from the bankruptcy of the country. On October 10, standard & Poor's, the authoritative rating agency, said it would consider reducing the credit rating of GM and Ford Motor Company from "b-minus" to "junk". After that, the stock of GM immediately plunged, all the way to the lowest price since 1950, and the total market value of the company's stock also shrank to the lowest point since 1929. Dragged down by this, the New York stock market, which had been hovering at a low level, made a dramatic scene less than an hour before closing. The Dow Jones 30 industrial stock average fell below 9000 in a flash under the market's frantic selling, which is the first time since August 2003 that the Dow has missed the whole point. Subsequently, 8900 points, 8800 points, 8700 points and 8600 points were easily broken down. Finally, the Dow closed at 8579.19, 678.91 points lower than the previous session, or 7.3%. The S & P 500 stock index also fell 7.6% on the day, while the Nasdaq composite index fell 5.47%. This is also the 7th trading day since the 1st of this month, New York stock market fell across the board. The cumulative decline of the three major stock indexes is more than 20%... Finally, Buffett, who has invested 8 billion dollars in the market, can't sit still. He started his public relations offensive. He took the initiative to call Paulson, the Treasury Secretary, to provide suggestions. He wrote a long letter, put forward written suggestions, and expressed his willingness to provide 20% of private funds, 100 million dollars, to support the implementation of the rescue plan! In an hour long interview with AMC cable news, Buffett called the market turmoil "economic Pearl Harbor" and reiterated his belief in the long-term dominance of the United States. It is extremely rare to publicly claim that he is buying stocks. When the financial crisis caused investors to panic and sell, whether patriotic or public relations, he held Lima on the sofa and watched the old rascal talk with a dignified face. Andy admired the old guy's responsibility and judgment very much. "The financial system is a mess now, as it is in the United States and the rest of the world... So... I've been buying American stocks. I'm referring to my own private account. Before that, all I bought in my private account were U.S. government bonds, and there was no stock investment. Of course, that doesn't include my Berkshire Hathaway shares, which I've donated to charity. All my private account assets, except Berkshire shares, will soon be invested in U.S. stocks. Why? Because I buy stocks with a simple investment philosophy: fear when others are greedy, and greed when others are afraid. It's almost certain that the fear is spreading everywhere, investors are scared, even experienced investors are scared... I want to make it clear that I can't predict the short-term volatility of the stock market at all. Even if the stock market will rise or fall in the next month or year, I can't see clearly. However, before the market sentiment turns better or the economy recovers, it is likely that the stock market has risen ahead of time, and it may be a big rise. So if you have to wait for the robin to spring, then spring will be over "Honey, when will this terrible economic crisis end? I see the news report says that in the Greater Los Angeles area alone, the number of newly homeless people has reached 73000, of which 40% are women and children, which is terrible! " Lima watched Buffett's exclusive interview on TV, just left Brazil, which was hit by the economic crisis, and saw the sad scene of news reports. Lima was a little hard to accept. After all, she came to the United States for development, and also had an "American Dream" which was played up and praised by the media all over the world. But now it seems that the so-called "American Dream" myth has been completely destroyed! Andy tightens Lima's chin against her shoulder from behind. Lu Shan's claws are used to Xing Wan's favorite of men, pride of women and ration of babies, saying lightly: "American Dream"? In Washington, they call it the "ownership society". Since every family in the United States has its own house, the government does not interfere with people's realization of their American dream. Do you know what the real meaning is? " Lima is upset by Andy's teasing Bo. He turns around and looks back at Andy. Chun shakes his head with a pretty face and a little red. A pair of grey green eyes are misty and slightly confused. "No one cares about you. You have to be on your own...... Now is the time for them to admit their failure! "Andy's words are indifferent, maybe cold-blooded, but that's the truth. It's time to wake up. Under the market economy, it is impossible for everyone to have their own houses, or even most of them. The so-called "everyone has their own house" in the United States. Under the impact of the subprime mortgage crisis, it's like a sandcastle by the sea. After a wave, it's a mess. According to the data Andy has, it's conservatively estimated that there are about 7.5 million home buyers in the United States with "negative assets", and 2.1 million are on the edge of "negative assets". Just as Andy and Lima are getting tired of being together on the sofa, preparing to make up their shoes with swords and accomplish the important task of human life in the wind and sun, the most annoying thing happened to Andy. That's right, the cell phone rings out of time, and it's the two phones that ring at the same time. "Cluck..." Lima, with pink cheeks, curled up, giggled and giggled, and looked at Andy's constipated face, who was very upset. Lima reached out to touch his cheek and said: "go to the phone first, everyone knows you are writing behind the door, and still call. It's no small matter." "Shetter!" Andy cursed very angrily. He got up from the sofa, took his personal cell phone and looked at it. Joseph, the security company of freedom eagle, called him not far away. He pondered and chose to hang up first. Then he picked up his external cell phone and saw that it was Hamilton, the chief of staff of the finance minister. "I really have to pick up..." Andy looks at Lima, who has started to rearrange his clothes and trousers. He says something unsavory, and then picks it up. Lima looks at Andy, who is still a little upset when he just picked up the phone, with the passage of time, a smile appears on his face, and then it becomes more and more brilliant. He guesses what good things happened. "Ha ha, Hamilton, thank you for telling me the good news. I didn't expect that we, Yingtai bank, could be selected into the first group of bank capital injection plans. Ha ha, of course, I'm happy... It's not right for you to say that. No one will think that their own funds are more sufficient. But you are right. The interest rate of 9% per year is not low. Well, I'll call Stephen nubbi now to inform him that we will attend the meeting in the afternoon on time... " After hanging up, looking at Andy's bright smile, he asked curiously, "honey, what's the good news?" "Well? Oh, isn't it worried that some banks will continue to go bankrupt, causing greater panic in the market? The Ministry of finance has just finalized a bank injection plan, and the Federal Reserve Bank of New York has completed the selection of the first batch of banks with the assistance of the monetary supervision office. My Yingtai bank is also listed here. Although it doesn't have much money, it has a scale of 2 billion dollars. Ha ha, it seems that the children who will make trouble really have Na I eat! " Said Andy bad smile stretched out Lu Shan's claw, attracted Lima's coquetry, pats to open the big hand of the mischief, Lima is also the eyes light slightly, the more successful her man is, the happier she is naturally, although she can't become the hostess, but she won't give up a higher ambition. Lima, like an octopus, sat in Andy's arms, circled his neck, and said to Andy with eyes like silk, "honey, I want a baby!" Andy raised his eyebrows, joked and smiled: "of course, it's OK. It's a relaxing and happy thing for me to make your stomach bigger!"
