American Fortune Life

When Andy and Lima lived a shameless and happy life with three meals a day on the Montana farm, the whole world was still shivering under the ravages of the financial turmoil, and the bailout plans of various countries were like fighting fires with salaries Usually, let the panic get more and more out of control.

The Icelandic krona fell sharply against the euro. The Central Bank of Iceland had to announce that it would fix the exchange rate of the Icelandic krona to the euro at 131. However, due to the ruthless selling of the Icelandic krona in the foreign exchange market, the Icelandic central bank announced that it would give up supporting the exchange rate of the Icelandic krona. Iceland is only one step away from national bankruptcy.

On the 10th, after the authoritative rating agency Standard \u0026 Poor's stated that it would consider lowering the credit ratings of General Motors and Ford Motor Company from "B minus" to "junk", the stock of General Motors immediately plunged sharply, falling all the way to The lowest price since 1950, the total market value of the company's stock has also shrunk to the lowest point since 1929.

Affected by this, the New York stock market, which was already hovering at a low level, staged a dramatic scene in less than an hour before the close.

Under the crazy selling pressure of the market, the average price index of 30 Dow Jones industrial stocks fell below 9000 points in an instant.

Subsequently, 8900 points, 8800 points, 8700 points, and 8600 points were also easily broken down. In the end, the Dow closed at 8579.19 points, down 678.91 points or 7.3% from the previous trading day.

The S\u0026P 500 index also fell 7.6% on the day, while the Nasdaq Composite lost 5.47%. This is also the seventh trading day since the 1st of this month that the New York stock market has fallen across the board. The cumulative decline of the three major stock indexes has exceeded 20%. . .

Finally, Buffett, who had already invested $8 billion in the market, couldn't sit still and started his public relations offensive. He took the initiative to call Treasury Secretary Paulson to provide suggestions, and wrote a long letter to put forward written suggestions. And expressed his willingness to spend 20% of private funds, 100 million US dollars, to support the implementation of the bailout plan!

In an hour-long interview with cable news station AMC, Buffett called the market turmoil an "economic Pearl Harbor" and reiterated his belief in long-term U.S. dominance.

It is extremely rare to publicly claim that he is buying stocks. When the financial crisis caused investors to panic and sell them, whether it is patriotism or public relations, he is lying on the sofa with his arms around Lima and watching the old hooligan Talking with a dignified expression, Andy admired the old guy's responsibility and judgment very much.

"The financial system is in disarray right now, both in the U.S. and the rest of the world . . .

therefore. . . I have been buying US stocks. Here I am referring to my own private account. Previously, all I bought in my private account were US government bonds, and there was no stock investment in addition.

Of course, this does not include my Berkshire Hathaway stock holdings, which I have given away to charity.

All assets in my private account, excluding Berkshire shares, will soon be fully invested in U.S. stocks.

Why?

Because I buy stocks on the basis of a simple investment credo: be fearful when others are greedy, and be greedy when others are fearful. It is almost certain that a climate of fear is now in the air, and investors are spooked, even the seasoned ones. . .

Let me be very clear that I cannot predict short-term fluctuations in the stock market at all. I don't even have a clue as to whether the stock market will go up or down in the next month or year.

However, before market sentiment improves or the economy recovers, there is a good chance that the stock market will have already advanced, possibly by a large margin. So if you have to wait until the robins call, spring will be over by then. . . "

"Honey, when will this terrible economic crisis end? I read news reports that the number of new homeless people in the Greater Los Angeles area alone reached 73,000.

40% of them are women and children, which is terrible! "

Lima watched Buffett's interview on TV. She had just left Brazil, which was hit hard by the economic crisis. Seeing the sad scene in the news reports, Lima was a little hard to accept. The media renders the touted 'American Dream'.

But now it seems that this so-called "American Dream" myth has been completely shattered!

Andy held Lima tightly in his arms from behind, resting his chin on her shoulder, and Lushan's Claw habitually held the favorite of men, the pride of women, and the baby's rations, and said lightly: "' The American Dream'? In Washington, they call it the 'ownership society', where every family in America owns their own home and the government doesn't interfere with people living out their own American Dream. Do you know what that really means?"

Lima was extremely uncomfortable being teased by Andy, turned around and looked back at Andy, biting the red Chun with a pretty face and shaking his head, his gray-green eyes were misty and slightly blurred.

"No one cares about you, you have to rely on yourself... Now is the time for them to admit their failure!"

Andy's words are a little indifferent, maybe a little cold-blooded, but this is the truth, it's time to wake up from the dream.

Under a market economy, it is simply impossible for everyone to have their own housing, or even for the vast majority of people to have their own housing.

The so-called everyone in the United States has their own housing. Under the rush of the subprime mortgage crisis, it is like a sandcastle by the sea. million home buyers bear 'negative equity', and 2.1 million home buyers are on the verge of carrying 'negative equity'.

Just when Andy and Lima were lying together on the sofa, ready to make a fool of themselves, use swords to make up for their shoes, and complete life-or-death events in the wind and sun, the most annoying thing happened to Andy.

That's right, the mobile phone rang very inappropriately, and two mobile phones rang at the same time.

"Giggle..." Lima with pink cheeks curled up, giggling coquettishly, watching Andy, who was very upset, with a constipated expression on his face and unwilling to get up, Lima reached out and caressed his cheek and said coquettishly: "Go and answer the phone first, everyone knows that you are writing behind closed doors, but still calling, it must not be a trivial matter."

"Shet!" Andy cursed very unhappy, got up from the sofa, took a look at his personal phone first, it was called from Joseph of the Freedom Eagle Security Company not far away, pondered for a while and chose to hang up first Then he picked up the external mobile phone, and saw that it was Hamilton, Chief of Staff to the Treasury Secretary.

"I really have to pick it up..." Andy pouted and looked at Lima, who had already started to rearrange his clothes, said something unhappily, and then picked up.

Lima looked at Andy, who was still a little upset when he first answered the phone, with a smile on his face as time went by, and then it became brighter and brighter, guessing that something good happened.

"Hehe, Hamilton, thank you for telling me the good news. I didn't expect that our Yingtai Bank would be selected into the first batch of bank capital injection plans. Hehe, of course I am happy... You are wrong to say that, who would dislike their own funds More sufficient, but you are right, the annual interest rate of 9% is indeed not low, how about this, I will call Stephen Nuby now, and we at Yingtai Bank will attend the meeting tomorrow afternoon..."

After hanging up the phone, looking at the bright smile on Andy's face, he asked curiously, "Honey, what's the good news?"

"Huh? 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 capital 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 Office of the Comptroller of the Currency. My Yingtai Bank is also listed here, although the money is not much, but it still has a scale of 2 billion U.S. dollars, hehe, it seems that the children who will make trouble really have NAI to eat!"

Speaking of which, Andy stretched out Lushan's claws with a smirk, attracting Lima's coquettish anger, and slapped his mischievous big hands. Lima's eyes lit up slightly. The more successful her man is, the happier she will be, although she can't be Mistress, but she will not give up her ambition to compete.

Like an octopus, Lima sat in Andy's arms, wrapped his arms around his neck, and said to Andy winkingly, "Honey, I want a baby!"

Andy raised his eyebrows, and said with a teasing smile: "Of course it's no problem, making your belly bigger is a relaxed and happy thing for me!"