American Fortune Life
Chapter 887 Pressure that makes people laugh and cry (thank you leader herrguo)
Since January, from Wall Street, the financial center of the United States, to major European stock markets, to emerging markets in Asia, global investors and economic practitioners have carefully speculated on every economic data released by the United States.
Gaia Inc., Wall Street, New York.
"...It is undeniable that the U.S. economy has begun to enter a recession. Citibank Group announced its financial report that the company lost $9.83 billion in the fourth quarter of last year, the highest single-quarter loss in the company's 196-year history.
Merrill Lynch announced its financial report that, dragged down by the subprime mortgage crisis, the company had a net loss of US$9.91 billion in the fourth quarter of last year, setting a record for the highest single-quarter loss in the company's history. Prior to this, Merrill Lynch had written down the $14.6 billion loss caused by the subprime mortgage crisis.
According to the housing start statistics released by the US Department of Commerce, the number of US housing and apartment starts last year was 1.353 million units, a year-on-year decrease of 24.8%, which is the second largest decline since records began, second only to the 26% decline in 1980. . . "
Andy leaned lazily on the boss chair, listening to the systematic analysis and report of the recent US economic situation by his think tank, as well as the economic trends and forecasts made.
"The Fed may then announce the third interest rate cut since September last year, with a rate cut of 0.5 percentage points, reducing the federal funds rate, the overnight interbank lending rate, from 4.25% to 3.75%."
"At the same time, I think the White House's tax cut plan will be accelerated to prevent the U.S. economy from continuing to slump."
Andy nodded, threw the pen in his hand on the table, and said with a smile: "The White House has confirmed that it will announce a tax cut plan worth 145 billion U.S. dollars in these two days to maintain the economy. Growth and job creation. The amount involved in this stimulus plan accounts for about one percent of the gross domestic product of the United States."
Everyone looked at each other, and they were convinced of the news that the boss said. Alvitre took over the conversation with a smile and said: "It seems that the guys on Wall Street are almost ready to start detonating this bomb. .”
"Hehe, if we don't say that the core of the United States, the value of the United States, and even the secrets of the United States are on Wall Street, then those idiots in the foot basin would buy Rockefeller Center and the film company. $100 million stake in Morgan?"
Arvette replied with a helpless expression: "Yes, they did a good job this time, including our president, who is a little helpless. This time, maybe they will become the biggest winners. Although this time the scale is a little smaller, but I think it’s just a temptation, they may do everything possible to use various means and channels to enter Wall Street, compared to hundreds of Wall Street banks are all attracting capital injection.”
"Everyone,
Do you think I should pick a few banks to play in this storm? With a playful smile on his face, Andy looked around at the expressions of everyone in the conference room.
. . . . . .
"If you are serious, boss, you don't have to, but you need to start and seize the right time. This time, several predators on Wall Street are going to reshuffle the cards. We don't have many chances to get good deals through commercial means. The bargaining chip, however, can use the power of the government to start with some local banks that they have taken over for bankruptcy protection, or even one bank, as the boss’s fund settlement bank.”
After pondering for a moment, Al expressed his support for Andy's proposal, but some good assets may not be their turn.
This subprime crisis is actually an organized, planned, and step-by-step "Wall Street Conspiracy." As usual, the Federal Reserve, which stood in front of the stage, made continuous moves. Since August 2007, interest rates have been cut three times.
The overnight lending rate of banks lent by the Federal Reserve is 3%, which is almost the same as the interest rate after the previous two bubble bursts. After deducting technical factors, this is almost a zero interest rate policy. The purpose is to cover up the consequences of this bubble burst with the colorfulness of a new round of bubbles. The means is to spend a lot of money, causing a greater depreciation of the US dollar, expanding US exports, and passing on the crisis to the outside world. To others, internally stimulate the service industry, especially the core of the service industry, the transfer and growth of the financial service industry.
"By the way, Al, what happened to our rocket maniac?" Andy stopped the topic of the bank in real time. Don't be anxious about the bank's affairs. If you want to pick melons, you must be patient.
"The conditions have been told to him. Even if he is a little unwilling, I believe other shareholders will make the right choice."
"Hehe, Al, don't be so confident, maybe that rocket maniac will throw all his eggs into the company to support it." Andy still admires the willpower of people with dreams to be honest. No matter how bragging this Elon Musk is, his willpower is indeed beyond ordinary people.
"...Well, maybe it is really possible, then, boss, you can add fire to him. When the boss leaves later, I hope you can answer the paparazzi's questions."
Everyone in the conference room couldn't help lowering their heads and chuckling, knowing that their boss was going to disclose information about a bear-hugging hostile takeover to let all shareholders of Tesla know the news, lest that Elon Musk conceal someone willing to Shareholders were kept in the dark about the bid to buy the company.
"Why isn't the negotiation over with China Railway?" Andy nodded, agreeing, but asked with a frown when he saw the next topic in the document on the table.
"This time it's not our problem." Al didn't know whether to laugh or cry, and explained helplessly: "We have suffered an unreasonable disaster this time. A group of Donkey Party members in Washington are instigating a trade sanction against Rabbit Country. The China Railway negotiating team suddenly Asking for an extension before signing the deal and alluding to their concern that once this trade-damaging bill is passed, cooperation will . . . "
"Ahem..." The expression on Andy's face was extremely wonderful, and he was choked by a mouthful of saliva. Well, he also enjoyed this method of the Rabbit Kingdom, and said angrily: "Where is the lobby group outside the hospital? He Meow!"
"Boss, this time is different, this time the new generation of the Donkey Party will apply stronger political pressure to act. Many first-time Donkey Party members in Congress believe that they owe their own victory in the 2006 election to their campaign. China’s persistent anti-trade stance. They are desperate to push through legislation to punish Rabbit before their first re-election test this fall.”
"Damn the election year, the White House will not agree. Forget it. It seems that lobbying is impossible. You told the people in China Railway that since the conditions have been negotiated, sign the contract as soon as possible. As for what they are worried about , you just tell them, I know, there will be no unpleasant things happening in the trade between the two countries..."
When the meeting was over, Andy returned to his office, picked up his cell phone and called Pete Kaplan of The Observer.
"Peter, let people dig deep into Donkey Party Congressman Tim Ryan and Sandra Levin, and Elephant Party Congressman Duncan Hunter. The rumors are also considered..."
Andy gritted his teeth and said, isn't it to solicit votes, Nima, blocking his way to get rich, return the votes, let's mess them up first.
Hanging up the phone, Andy was a little bit dumbfounded. He also enjoyed the pressure of the Celestial Dynasty and stuck his neck, which made people speechless. Being on the number has become a card in their hands. I really don't know whether to be happy or complain.
When they walked out of the main entrance of the building where Gaia Corporation is located, the group of paparazzi who had been chasing Andy did not forget to press the shutter with their cameras.
"Mr. Smith, I heard that you are interested in the Tesla electric car that is on the verge of bankruptcy and want to acquire it?"
Just like paparazzi ask questions every day, everyone is used to not hearing the answer from Andy Smith, who has never given them a good look, and just ignores it and walks away.
"Huh?" Andy's footsteps slowed down, he turned his head and frowned to look in the direction of the sound, hummed lightly, and replied unprecedentedly: "Your news is well-informed!"
Immediately, the paparazzi present were extremely excited, Nima, this dead ice cube finally responded.
"So the news is true, Mr. Smith, many people have questioned Tesla as a Ponzi scheme..."
"Elon Musk can only brag..."
Andy rolled his eyes, and he really didn't have a good attitude towards these guys who pushed their noses.
"The reason why I intend to take over Tesla, which is about to go bankrupt, is energy and environmental protection. In fact, life is an adventure. I think the most important thing is to focus on building a big picture for future development.
There is no precedent for what Tesla is trying to do, and no roadmap for future developments. I have the willingness and funds to try to create realistic myths that seem like fantasy, and I am also willing to bring some substantial changes to human life. . . "
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