1928: The rise of giant merchants

Jinling, Song Mansion.

Song Ziwen, who was playing cards with Kong Xiangxi and the principal's wife, saw Tang Fulu running over in a hurry, smiled and played a 90,000 card: "No one wants my 90,000 cards, right?"

"Ninety thousand was just played in the last round. I don't admit that whoever is playing wrong with this card now." The principal's wife smiled and played a 30,000 card. "The 30,000 was just played. No one is playing wrong."

"Here you come, what's going on?" Song Ziwen didn't even raise his head. He had been very lucky these past few times and was thinking about how to win some cigarette money from the other three people.

"Minister, there's an urgent telegram from New York, USA." Tang Fuhe looked very sad, holding the telegram and not knowing what to do.

Upon hearing the telegram from New York, USA, Kong Xiangxi, the principal's wife, and the Minister of Justice Wei Daoming, who were playing mahjong with them, all looked up curiously.

Song Ziwen was still looking at the mahjong tiles in his hand: "Oh, the telegram from Aluo?"

"Yes, it's an urgent letter sent by the second young master himself." Tang Fuhe emphasized.

Song Ziwen gently pushed down the mahjong tiles in his hand, and then raised his head: "It's okay, just say it, there are no outsiders here."

"Hong and Hongxing United Group predict that the U.S. stock market will plummet next month and suggest that we withdraw all funds. This month's dividends have also been paid." Tang Fu said in a low voice.

"What?!" The principal's wife's voice suddenly rose.

Kong Xiangxi and Wei Daoming also turned pale and looked at him one after another.

Being stabbed by several sharp gazes, Tang Fu felt a chill down his spine, but he still read the telegram sent by Ye Luo ten times.

Ye Luo made it clear in the telegram that he felt that the U.S. stock market was about to usher in a cold winter and that if they continued to invest, they would most likely lose everything. Therefore, he planned to stop early and suggested that they withdraw their funds as soon as possible.

"How much did I earn in August?" Song Ziwen held the mahjong tiles with an uncertain expression on his face.

"A total of 790,000 oceans." Tang Fuhe replied.

This is even more exaggerated than the cigarette business!

Kong Xiangxi and Wei Daoming had not started investing in stocks yet, so they were both shocked when they heard this number.

Kong Xiangxi had long known from Sassoon that the U.S. stock market was like a mountain of gold, and he could find gold wherever he dug. However, he did not expect that this mountain of gold was so outrageous.

"How much did Ziwen invest?" he asked pretending to be casual.

"A principal of over one million oceans. Brother, you don't think I used public funds from the Ministry of Finance to speculate in stocks, do you? This is all my private money." Song Ziwen looked at him with a smile.

With a capital of more than one million yuan, he made 790,000 yuan a month. Even though Kong Xiangxi was well-informed, he had never seen such outrageous profits.

No wonder the principal and his whole family are trying to protect Ye Luo. Even if they know that he has become enemies with the Kong family due to the Steamship Investment Company incident, they will still send people to act as lobbyists to intercede for Ye Luo!

With this profit, who knows how much money the principal and others put in the U.S. stock market, and how much money they made!

"I understand, don't be in a hurry to take out the money from Hongxing United Group. I'll inquire about the situation later and make a decision before it's too late." Song Ziwen kept stroking the mahjong tiles in his hand, "I learned it at Harvard. It's economics. Although the stock market is unstable, how can it be a bull market today and plummet to the bottom tomorrow? Alo is too cautious."

"Brother, you must let me know when you have inquired." The principal's wife was uneasy. Not only did she invest a lot of private money in Ye Luo, but she also secretly took out the military funds that were deposited in the bank to buy airplanes and threw them into the stock market. If something happened, she couldn't handle it.

"Don't worry, I'll send someone to inquire in the evening." Song Ziwen couldn't help but nodded, and then asked Tang Fu to go back and send a telegram to stabilize Ye Luo.

As soon as this incident broke out, the four people's mahjong was no longer fun, and they broke up after a while.

After leaving the Song Mansion, Kong Xiangxi immediately took a car to the Sassoon Building to hear Sassoon's opinion.

Unexpectedly, as soon as he stepped into the Sassoon Building, he bumped into many important military and political officials in Shanghai who were friendly with foreigners. In addition, many consuls-general from foreign consulates also rushed here.

After asking a random person, he found out that Ye Luo's "early warning telegram" was sent in bulk.

In other words, he is really not optimistic that the U.S. stock market can continue to rise.

Suddenly, an unspeakable haze enveloped the sky above Shanghai Beach.

Song Ziwen had more channels. Once the poker game was over, he contacted many university classmates working overseas through the Harvard University alumni contact list.

These people are distributed in the economic, political, military and other fields, and some even hold important positions in the White House. When they heard him mention the U.S. stock market, they all smiled and claimed that this was the most glorious economic moment in the history of the United States.

The Dow Jones Index has nearly doubled in one year and is still on a high rise. More than a thousand stocks are increasing in price every day. An individual can make money from the stock market with his eyes closed.

After questioning several people in succession, as well as the information fed back from various overseas channels, all of them were inconsistent with the contents of Ye Luo's telegram. It would not be an exaggeration to say that they were completely different.

After hanging up the phone in his hand, the smile on Song Ziwen's face gradually disappeared. After hesitating for a moment, he dialed the private number in the principal's office.

Will the U.S. stock market really fall?

meeting.

And starting in early September, the signs will become all too obvious.

Until the most classic last ten days of October, each one is a legendary day worth remembering in history.

But does anyone really believe that the U.S. stock market is going to plummet?

Won't.

This is just like running to the streets of the United States and shouting "President Hoover will step down tomorrow". It seems ridiculous and funny. Others will only think that you lost money by buying stocks and are depressed after becoming one of the few unlucky ones. Zhi, drank too much and started talking nonsense.

In the eyes of others, Ye Luo is doing such funny things.

Hongxing United Group not only notified the major shareholders of the Republic of China, but also warned many domestic investors in the United States, asking them to choose stocks carefully and start selling.

However, the speculators who got ahead did not listen to the advice at all. Instead, they felt that the Hongxing United Group wanted to prevent them from making a fortune, so they chose to switch jobs to other securities investment companies and continue to pursue the fanatical stock market.

Overnight, Hongxing United Group's business losses were as high as 65%. Other securities investment companies were ecstatic to take over the business, and they also paid newspapers to write lengthy reports on Ye Luo's "out of mind" behavior.

At the same time, the paper Ye Luo originally wrote predicting that the U.S. stock market would encounter a financial crisis in the second half of the year was also published, became a laughing stock, and was nailed to the pillar of shame.

The famous economics journal "Dow Jones Financial" even included it and put it at the top to mock the stupidity of this young Chinese.

Also included is statistician Roger Babson's statement at a Wall Street financial dinner: "Sooner or later the stock market is going to crash!"

The two have become the latest joke on Wall Street. Financial giants will always talk about their "deeds" after dinner, saying that it is very effective for "digestion".

On September 2, the penny stock sales department under Hongxing United Group was disbanded on the spot. A large number of penny stock salesmen with nowhere to go poured into the stock market and were "accepted" by other securities investment companies.

That afternoon, when the New York Stock Exchange closed, the Dow Jones index broke through a new high, reaching an astonishing 381 points!

Ye Luo's "lie" was self-evident and attracted countless people's ridicule.

On the evening of the same day, Rose Dewitbucket, the president of Hongxing United Group, announced that Ye Luo was officially dismissed from his position as vice president and was replaced by Liu Xuenong, the director of the trading department.

At the press conference, Huixin was expressionless, but everyone knew that she and her Chinese lover had become strangers. She didn't say a word during the whole process, but her face was filled with "I don't know who he is." and other words.

He was replaced by Liu Xuenong. If you look up his resume, you will know that this person is a staunch stock bull and has the same will as the majority of investors.

Companies and tycoons who had previously chosen to cooperate with Ye Luo abandoned their contracts one after another, preferring to pay liquidated damages rather than have anything to do with him anymore. It seemed that in an instant, the whole world had abandoned Ye Luo. (End of chapter)