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American Fortune Life - Chapter 1643

Published at 7th of November 2021 07:57:59 AM


Chapter 1643: 1643

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Michael Bloomberg, the mayor of New York with constipation on his face, felt that Andy had done a good job for his hometown, left a signed stack of documents, and rushed to Gaia building (the former Lehman Brothers building) with his little assistant to hold a think tank meeting.

"This government has always believed that the privatization system of banks is the right way... But the government will "fully regulate" the banking system at the heart of the financial crisis

In the LCD TV in the conference room, Robert Gibbs, the White House press secretary, positively clarified the rumors about "nationalization of banks" in the US stock trading session, which is also the White House's forced no way.

Because after the U.S. stock market opened, affected by this, it continued to decline. What's more, the Dow Jones index component stocks with the largest decline included Citigroup's decline to $1.95, or 22%, Bank of America's decline to $3.79, or 3.6%, General Electric's decline to $9.38, or 6.8%, and General Motors' decline to $1.77, or 12%.

Five of the Dow's 30 stocks are now trading below $10, which was unbelievable in the past. What scares the market even more is that the saying that buying large stocks can guarantee the safety of investment is no longer tenable.

The White House's talk of wanting to keep the banking system private has helped bank stocks recover, at least not to fall any more, but rumours of nationalisation still dominate the market. Few investors are willing to hold on to bank shares over the weekend.

After all, many large financial institutions in the United States have been nationalized to some extent, including Freddie Mac and Fannie Mae, which the government took over last year. In addition, the FDIC is closing several small banks and selling their assets, a form of nationalization.

"Steven, the takeover of these seven banks will be given to you. Finish it as soon as possible, digest it, and open the business on time next Monday, without affecting the capital flow of our customers."

Andy watched the White House press spokesman's clarification, and then put his hand on it. Soon someone turned off the TV and looked at Stephen nubbi, CEO of Yingtai bank.

"Understand, boss, I will take someone to hand over with them after the meeting. One weekend is enough to complete the initial integration." Stephanie Nubi, with black rimmed glasses, had a confident smile on his face.

Andy nodded contentedly, having to say that Stephen's ability is beyond reproach.

"Using our dedicated database to study the bottom of the market in the 1930s, we conclude that the stock market will fall further.

A warning has been given to our clients that we have yet to see the desired real bottom in the stock market.

With hedge funds already accounting for one-third or more of all trading volume, the technical Xing Trading Rules have been revised to make it easier for them to bet on falling stocks, making market movements more volatile and sending many false signals.

Research shows that the proportion of gainers in recent weeks is getting smaller and smaller, indicating that investors have not finished selling. "

Andy languidly leans on the boss's chair, squints his eyes, touches his chin, quietly listens to the market analysis obtained by the brain trust through the comparison of big data and data models, and verifies each other with the less detailed memory in his own mind, which also makes him more and more believe in the big data analysis of the brain trust.

With the passage of time, Andy chose more and more financial memories in his mind as reference rather than as an unquestionable indicator. History may be surprisingly similar, but the human factor can change at any time. Andy, who has reached the current height, has decided to try Entering the stage of "no book is better than trusting books", we must also step into this stage, because his dependence, with the passage of time, will completely disappear.

"Ha ha, in the current 16 month bear market, the Dow Jones index has fallen 47% in total, which is one of the biggest declines in the Dow's 113 year history, second only to the 1929-1932 stock disaster, when the Dow nearly fell 90%. However, I believe that no one will think that this stock market will repeat a similar crash disaster, right Andy smiles, with a pen in his hand, and looks around the conference room for a week.

Seeing everyone shaking their heads, Andy continued: "I don't believe there will be a crash. Once our new president's economic stimulus plan is implemented, I think the stock market will recover soon."

"The real key point is whether the Treasury Department's plan to strip toxic assets from the bank's balance sheet can be launched. If it can be successfully launched, the U.S. stock market will have a strong rebound, for example, if it can't..." Alvette made his own analysis. Although he didn't finish his words, everyone understood what it meant.

All the people present were well-informed people. They learned that the White House and wall street were in conflict, and they were close to tearing their faces. Not because they had to wait for the US government's money to save their lives, but because Wall Street had long been naked against the donkey party and aoguanhai.

And if the White House wants to issue a banking solution, it also needs the support of Wall Street to sell the "toxic assets" that crush the financial system, so as to complete the rescue of the financial industry."Don't worry, the banking industry's treatment plan will be launched smoothly, but before that, take advantage of the downward trend to make some money, take March as the dividing point, and then all the positions will be cleared, waiting for my next arrangement!" Andy makes the decision.

"What about gold..."

"As news of the bleak outlook for the global economy continues to spread, podium's GDP fell 3.3% in the fourth quarter of last year, the worst performance in 34 years. The newly released manufacturing index of the New York Fed fell to a record negative 34, indicating that the economic outlook of the United States is not optimistic. Affected by this, investors' risk aversion increased, and they flocked to the gold market to seek value preservation and appreciation, which pushed the futures up sharply.

In addition, the economic stimulus plan signed by the president failed to boost the US stock market. On April 17, the price of gold futures delivered by the New York Mercantile Exchange rose 25 US dollars per ounce to close at 967 US dollars, an increase of 2.7%, and reached a seven month high of 975 US dollars.

Gold futures on the New York Mercantile Exchange continued to move higher today, driven by safe haven buying, with contracts up $10.7 an ounce in April, to $978, or 1.1%.

According to the minutes of the FOMC's meeting in January before the opening of this morning, the U.S. economy continued to deteriorate in January, and it is expected that the recovery will not appear until the second half of this year. To this end, driven by continued safe haven buying and despite the weakness of other commodity markets, futures prices will remain strong and approach the $1000 mark. "

"Pa Pa Pa --"

Andy leans on the boss's chair, puts his right arm on the conference table, taps his finger gently on the conference table, makes a crisp sound, raises his mouth slightly, mutters in his mouth, "1000 dollars pass..."

All the people in the conference room, with admiration and admiration, look at the young big boss, especially the bardstone who was invited by Andy himself. He feels the most profound. When he remembers the reception that changed his life, he will feel thousands of emotions. At that time, only the young people who just had billions of fortune have become the global people The youngest super rich is worth 10 billion yuan. If he didn't participate in it and see it with his own eyes, he would listen to it as a less real legend with the outside world, but it may not be so shocking.

"You guys, I have a hunch that the gold price will rise all the way, will constantly refresh the historical record of gold price, will constantly impact the bottom line of people's gold price, and will perform a good play that will go crazy to the end!"

Andy abruptly stops to tap the fingers of the table with a very rhythmic sense, raises his head slightly, with a mysterious smile on his face.




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