American Fortune Life

Genius remembers the address of this site in a second: (Apex Chinese), the fastest update! No ads! "...As the US economy deteriorates faster than market expectations, the New York stock market has fallen to the level of 10 years ago. So far the Dow Jones Index It fell below the integer mark of 8000 points, and the index's lowest point of 7700 points in 10 years is also within walking distance for the first time since March 2003."

Looking at the laptop screen in the middle of the conference table, Alvetrie had a dignified expression, and Andy also pretended to frown to show a dignified expression.

Recently, the world's hopes that the government's rescue policies will show results have been somewhat shattered, and the results have been minimal. Instead, they have begun to affect the real economy with an irresistible momentum, which has caused stock markets around the world to fall again.

He naturally knows when the financial crisis will start to rebound against the trend, but this can only be rotten in his stomach, and it is absolutely impossible to tell the second person, so it is necessary to show a trace of serious worry, of course, as long as it is enough , because he is the winner who wants to take advantage of this crisis.

"Markets tend to get worse before they get better."

Hearing the words of the big boss, several people present at the conference table and Alvetrie who was connected via video could not help but slightly nodded, but each of them smiled wryly in their hearts. The boss said nothing wrong, but the current problem is, With the economic crisis worsening than expected, no one knows how bad the market will be in the future.

In the face of this once-in-a-century economic crisis, it is difficult for even the "stock god" Buffett to create a myth.

Shares of Buffett-led Berkshire Hathaway have fallen for the sixth straight session, with the company's stock down more than 40% since the start of the year.

Without this crisis, the old rogue Buffett has brought investors an annual rate of return of as high as 20% over the past 20 years. However, based on the current market price, investors' total profit in the past year was less than 3%.

"Buffett's investment principles may not be a problem, but the problem is the fundamentals of the U.S. economy..." Hearing what Al said, Andy said lightly, he had already expected the loss of the old rogue Buffett.

But this old guy has enough patience to wait. This kind of patience is not as simple as he said. Not everyone can stick to it.

"What is the stock price of Goldman Sachs now?"

To be honest, Andy is indeed a bit unkind. As an ally in the acquisition plan, Andy still doesn't forget to act like a monster and short the Goldman Sachs stock price in the secondary market. Sucking the blood of allies is nothing but his meow.

"It's $55."

"Tsk tsk..." Andy twitched the corner of his mouth, squinted his eyes slightly, and smacked his mouth a few times. The expression on his face seemed to be suppressing his joy.

Goldman Sachs Group, regarded as the "crown" of the US financial industry, could not escape the bad luck of the stock price plummeting. Goldman Sachs hit the lowest closing price since its listing in 1999 at US$55. Compared with the highest record of US$248 last year, the company's share price has shrunk by nearly 80%. And it was Buffett who was cheated miserably. He injected $5 billion into Goldman Sachs, but the subscription price at that time was $115 per share.

"Citigroup fell 23% in the last trading day. Bank of America's stock fell nearly 18%, and Bank of America's stock fell nearly 14%. Facing a new round of life and death struggle.

Since the beginning of the year, Citigroup's stock price has fallen by about 84%, and the current stock price is 9.5 US dollars. In terms of market value, Citigroup, once known as the world's largest bank, has now become the fourth largest bank in the United States. If the company's stock price continues to plummet, Citigroup may have to file for Chapter 11 bankruptcy because it is in the predicament of insolvency.

According to the news we got, Citigroup may announce plans to lay off 10,000 jobs worldwide,

At the same time, they are looking for financial support everywhere. According to reliable sources, the Desert Prince intends to invest money.

In order to alleviate the sell-off situation in the market. After the New York stock market closed today, in order to curb the further decline in stock prices, Citigroup has filed an application with the US Securities and Exchange Commission to prohibit short selling of Citigroup shares.

The market is also rumored that Citigroup has considered selling its assets in order to survive, and the company has not ruled out the possibility of merging with other companies. . . "

"Citigroup is currently the one with the most problems among the four major commercial banks. The U.S. government must not let it go bankrupt." Andy frowned, tapping his fingers on the conference table and said lightly.

"The problem now is not just a lack of confidence in the market, but a problem with the balance sheets of the banks. No one knows how many non-performing assets these banks have. As the economic fundamentals deteriorate, the situation can only get worse, and the government's financial rescue plan is in the end. It's questionable how much it will work.

Among the first batch of 350 billion US dollars of funds, the Treasury Department currently has about 60 billion US dollars left, and Paulson may make a choice. He has said in private that he will leave the remaining bailout funds to the new president.

Hehe, in the face of growing doubts that the financial rescue funds may be used to pay Wall Street executives' salaries, Paulson can't stand it anymore! "

"It's too ugly to eat!"

Hearing his own boss's ridicule, Alvitre could not help but sneer and mocked, "Except for Yingtai Bank, the first batch of eight banks owed a total of more than 40 billion U.S. dollars in pensions and deferred payment bonuses to senior executives by the end of 2007. .As soon as the relief funds were in place, they were distributed and paid immediately.”

It's no wonder that the people of the United States will take to the streets to launch the Occupy Wall Street campaign. However, how can the rich on Wall Street care about the protests and clamors of those people? The so-called democracy will also be trampled on in bloody conflicts at will. , To put it bluntly, the United States is the United States of the rich!

"Let's not talk about this, let our people continue to keep shorting financial and bank stocks, and don't use leverage, we don't use it, but don't think about letting us let them go.

What's new about the Yellowstone Club? "Andy has also lost interest in continuing to listen to the power-money transactions happening on Wall Street, even though he is also a beneficiary of this circle.

"The accounts are in disarray and there has been significant misappropriation of funds..."

Andy shook his head and laughed nonchalantly. He was already mentally prepared for the situation reported by Al, "Let our people not care about those problems, so, tell Aedra Brix Seth, we will pay you in one lump sum. Her funds, except for the club's assets and all members, other debts, salary arrears, etc., must be taken over by her, and we only need net assets to completely separate from their previous operations!"

"Understood, boss." Al nodded, knowing that the boss at home didn't want to worry about the whereabouts of the past membership fee with the other party, and wanted to get rid of all the burdens and let the Yellowstone Club start operations again without any burden. With this kind of result, the other party would be greatly relieved.

After the video conference ended, Andy also dismissed the on-site meeting, and let a few people go down to rest and wait for the afternoon negotiations, while he looked at the amount of funds that the various financial branches in his hand had earned him in the recent period.

Since all countries in the world are restricting or prohibiting short-selling of financial stocks, although the income is considerable, it can't surprise Andy much. However, with the jewels and jades that have skyrocketed in gold prices, he is really interested in each branch. The income of 100 million and 200 million is a little numb.

With the rising price of gold, Andy's influence and reputation among the American people have also soared. After all, no one would hate a "good guy" who can invest and make money with him, especially when the financial turmoil is raging. A dark situation in the market.

Therefore, a lighthouse effect is gradually forming around Andy, and Andy's Facebook followers officially exceeded 100 million, becoming the world's number one, and Andy's own product Instagram account, the number of followers is even approaching the 100 million mark step forward.