1928: The rise of giant merchants

September 3, the 18th year of the Republic of China (1929).

Ye Luo, a Chinese entrepreneur who once predicted that the U.S. stock market would enter a long bull market, lost all his relatives overnight.

Fairbanks and others who had enthusiastically invited Ye Luo to serve as the vice president of the next Oscar jury suddenly disappeared. Several Hollywood actresses who had a close relationship with Ye Luo also fled quickly, fearing that they would be He was given "special treatment" because he had the Yeluo label on his body.

Although Ye Luo had long expected that such a time would come, he still felt uncomfortable with the feeling that "horsepower can be seen in the distance, and people's hearts can be seen in time".

The villa that used to be bustling with people has now become deserted. Even Mr. Situ Meitang, who brought him to New York, began to pretend to "break off diplomatic relations", making him feel very relaxed all of a sudden.

Among them, Hui Xin is the one who performs the best and has unparalleled acting skills.

At that press conference yesterday, even Ye Luo almost thought that she was really going to sever ties with him.

Liu Xuenong, who was in charge, seized this opportunity very well and replaced Ye Luo as the new favorite of the New York Stock Exchange and the New York stock industry.

He continued to control the trading department of Hongxing United Group, and began to secretly convene the newly disbanded penny stock sales team, hoping to restore the glory of the stock business.

Although a large number of investors left Hongxing because of Ye Luo's warning, a steady stream of new blood is still coming in. Who makes the primary market of the U.S. stock market so huge?

Huixin and Liu Xuenong took over Hongxing. As soon as the news reached the country, those military and political officials who had clung to Ye Luo's thighs and had just received dividends and principal became excited again.

They found channels to contact Huixin and gathered together. Some planned to follow the Sassoon family, namely Kong Xiangxi, Song Ziwen and others, to set up a separate business and enter the U.S. stock market on their own, while others simply gave money and gifts and entrusted Hong Star United Group continued to help them manipulate their equity and make big money in the stock market.

The US$26 million in equity capital just received at the beginning of August was returned to those people at the end of August. Unexpectedly, the capital increased to US$32 million in early September!

Huixin was surprised and excited about this.

Similar to what the second young master originally expected, these big shots in the Republic of China were able to raise approximately US$30 million in capital.

At that time, Situ Feifei and Huixin still found it incredible.

Although these people suck up the people of a country, only one or two hundred people can save 30 million US dollars, which is more than 100,000 per capita, which is equivalent to each of them being a millionaire. It is really staggering.

At this time, the value of the domestic ocean has not yet depreciated, and the purchasing power is not bad. 1 US dollar is only exchanged for about 5 oceans. The monthly salary of an ordinary employee in Shanghai is less than 80 oceans. It takes 1,000 oceans a year to earn an income of 1,000 oceans, and it will take 1,000 years to become a millionaire.

Therefore, the wealth of millionaires in the Republic of China is no lower than that of domestic billionaires in later generations.

The principal of US$32 million really opened their eyes.

Huixin and Liu Xuenong also lived up to these people's expectations.

Yesterday the Dow Jones index climbed to a new high, nearly a thousand stocks soared, and you can make money by just doing anything.

After this good news spread back to the Republic of China, it strengthened the confidence of this group of people.

It turns out that it’s not Ye Luo who can make money, but anyone can make this money!

so easy!

Edward Sassoon gathered a group of second-generation rich people and rushed to the United States, hoping to take a bite of hot "shit".

On the other side, Jin Bihui was stunned by Ye Luo's actions.

He spread his legs and let the second young master shoot at will, just to make a lot of money by hugging his legs, and even agreed to be his double agent because of this.

That's good. I've only been making money for a month, and they're saying they won't do it anymore!

Jin Bihui felt aggrieved by being defrauded of money and sex.

But after thinking about it, especially what he said when he hugged her that day, Jin Bihui, who was in love, finally chose to believe her lover and follow Ye Luo's footsteps.

I got the news about the Japanese Consulate General from Jin Bihui. Those Japanese invaders fell out of favor faster than flipping through a book. Before, they used to talk about the second young master and regarded Ye Luo as the most loyal Chinese partner of the empire. Now Ye Luo no longer helps them trade stocks. Everyone is clamoring to drive Yip’s Investment out of the HK area!

Of course, without Ye Luo, the Sassoon family and other channels cannot stop these jealous speculators from continuing to speculate in stocks.

Ye Luo likes to hear and see these things.

The people who are under the greatest pressure at this time are Franklin and others.

They are already the most staunch Yeloists, and short-selling and not optimistic about the stock market are also the consensus of this group of people.

Although the number of people is small, they are all like-minded.

However, the appalling 381-point Dow Jones index at the close yesterday really made people lose all confidence.

"Ye, is the stock market really going to fall?" Franklin in the wheelchair looked tired. He is the leader of a small group of politicians who are bearish on the U.S. stock market. Even if he is the governor of New York, he cannot withstand the large number of comments from the media and the public. criticism.

Almost certainly.

If the U.S. stock market continues to decline until the end of this year, his term as governor of New York will also come to an end.

Even his political career was gone.

Ye Luo was drinking coffee on the sofa with a happy expression: "Of course, and if it lasts until the end of this month at most, the U.S. stock market will collapse. Many of them are experts in economics. It should not be difficult to see that the U.S. stock market has reached its peak. Let’s put this matter at the end of the battle.”

Old Joseph nodded in agreement, but his expression was equally lonely.

So what if you can see it?

When the general trend is completely contrary to your judgment, even if you clearly have the most correct data in your hand, you will have self-doubt.

People’s herd mentality is not just talk.

Several people continued to be silent.

Today's internal discussion was initiated by Ye Luo.

This was also the first time Ye Luo initiated a meeting since they gathered.

But until now, no one knew what he was going to do.

The other most important person among the partners, Livermore, didn't come either.

Another half hour passed, and the few people who couldn't wait finally heard the sound.

Livermore looked in a hurry and quickly went upstairs. As soon as he sat down, he could not restrain the joy on his face: "I just came back from California."

"What are you doing in California?" Mamuri asked.

Livermore took out a lot of information from his briefcase and said with joy: "My informant at the BOE (Board of Tax Examination) sent me a telegram. I have three pieces of good news to tell you."

"First, BOE is preparing to raise interest rates; second, they believe there is a serious bubble in the U.S. stock market; and third, Hartley, an important British holding company, is preparing to go bankrupt."

Everyone immediately became energetic and straightened up to look at Livermore.

These three pieces of information all point to one conclusion——

BOE has begun to realize that the bubble in the US stock market is very serious.

The financial economy often lags behind.

By the time you realize there is a problem, it must be too big to fix.

In other words, the U.S. stock market will collapse and the bubble will burst. (End of chapter)