My Fintech Empire

At this moment, Fang Hong's live broadcast room has gathered six to seven million viewers. Together with the broadcasts from other platforms and other anchors, the actual number of people watching online at the same time on the entire network is tens of millions, and it is currently the only one in the entire network that can achieve this. Super top streamer with tens of millions of online views.

Moreover, there are many elites from all walks of life in the audience who are silently diving to watch.

After chatting for a while, the barrage actor finally got to work. Fang Hong also saw a barrage floating in the live broadcast room: [Speaking of God K, the financial circle held a communication forum on Thursday, and many well-known financial experts were present. Criticizing the SGX 50 Index and criticizing the SGX for creating a new round of stock market bubbles. What do you think about this? ]

Fang Hong immediately continued smoothly: "Have you paid attention to the financial forum the other day? It is the hottest news in the capital market. Many media have reported on that matter. How should I put it..."

Some investment people who were watching in the live broadcast room suddenly became energetic at this moment, as if they had a premonition of something.

In the past two days, everyone in the capital circle, including people from all walks of life, have been watching the reactions of the stars. Faced with the fact that the Singapore Securities 50 Index has been criticized by name, there has been no reaction so far, but at this moment, the topic in the live broadcast room is talking about this matter, And it's still Fang Hong, so there might be something good going on.

The elites in the capital circle are not stupid, and they also know what kind of person the anchor of this live broadcast room is. In fact, among the people lurking in the live broadcast room at this moment, there are also those people who are watching silently.

But at this moment, Fang Hong seemed to be brewing for a moment, and then began to expand the conversation on this topic: "Frankly speaking, I am not surprised. We can notice that as long as our stock market rises a little, it will soon be accompanied by this kind of The emergence of bubble theory, bubble theory is rampant when the market is booming."

"But what's interesting is that I don't know if everyone has noticed another detail, that is, Lao Mei's stock market has risen so fiercely that it has recently reached a record high and is about to reach a new high. But those bubbles Why don’t the commentators talk about the bubble in the US stock market? You can take a closer look and think about it for yourself."

Fang Hong leaned back on the computer chair and said with a smile: "The Indian stock market has also risen quite well over the years, and I didn't see them saying it was a bubble. Then our stock market fell like this. Of course, the Shanghai stock index has now fallen to The current position cannot be called a bubble.”

"However, we say that the Internet loses its memory very quickly, and hot things disappear within a few days. But at the same time, the Internet has memory. What those bubble theorists said is recorded on the Internet."

"We can also take out the calculator and calculate it. Our stock market and Lao Mei's stock market have a valuation bubble. When talking about the price-to-earnings ratio of the stock market, we also need to compare our interest rates with the interest rates. , the interest rate of old magnesium can be calculated by combining the price-earning ratio and the interest rate as the interest rate continues to increase."

"Last year, when our stock market rose to more than 5,000 points, when the bubble was screaming loudly, why couldn't we compare it with Lao Mei's stock market? Why not compare it with last year's interest rate? Lao Mei still When there is no interest rate increase, the interest rate is close to zero, where is the bubble?"

Fang Hong paused for a moment, and then said methodically again: "Let me tell you my conclusion first. The so-called bubble theory itself is a false argument."

"Recently, I have also been studying virtual transactions in Europe and the United States. The earliest virtual economy does not refer to the encrypted digital currency that most people think of now. The earliest virtual economy in Europe and the United States refers to the stock market, and the stock market is based on his income. , profit and interest rate, and this value is fictitious and higher than the company’s physical net asset value.”

"The part of value that is higher than the company's physical net assets. The so-called bubble is to exchange for your physical wealth. All its bubbles are not intended for you to burst, but to exchange physical wealth from you to fill them. bubble, does he still have bubbles?”

At this moment, the number of barrages in the live broadcast room has dropped significantly. Because it involves professional content, many netizens can no longer talk to each other, so there are obviously fewer barrages, and most of the netizens still seem to understand.

Fang Hong thought for a while and said: "I can understand it immediately with the simplest example. In the Age of Discovery hundreds of years ago, in Europe and the United States, some captains were hyped up at the docks, and the warships were virtually increased in value. Wait, why are prices so high?”

"Because they want to go out to sea to plunder other people's physical wealth. As a pirate civilization, only the large amounts of gold, silver and other physical trophies they bring back can be exchanged and filled to fill these inflated bubbles. This was also the original driving force for early colonization and pirate trade. .”

"Internally, our finance must unswervingly serve the entity. There is nothing wrong with this. But externally, don't we have to fight against bubbles? Otherwise, other people's valuations are ten times higher than yours, and the result will be When doing the exchange, they only need to pay one-tenth of the equity to exchange for 100% of your equity."

After saying this, many viewers in the live broadcast room understood it and it was easy to understand.

Fang Hong continued in a coherent manner: "So let's sort through all these things, look back, and then think about what some so-called financial experts in the mainland want to do when they talk about bursting the bubble. Especially the argument about bursting the property market bubble, this is very marketable, and many people buy it, especially the public, because ordinary people want houses to be cheap, which is understandable."

"But some people gain your trust in the name of doing good for you, but they actually hide their bad intentions. They hide it so deeply that most people may not be able to see through it in a short while."

As soon as these words came out, many people in the live broadcast room became excited again, and they clearly felt that Fang Hong's output firepower was gradually increasing.

Fang Hong continued unhurriedly: "Let's talk about the property market. In recent years, when it comes to bursting the property market bubble, everyone is happy, but after the happiness is over, you will find out, can you really afford a house? The result of the property market bubble really bursting is that those who can’t afford a house can’t even afford it, because after the underlying bubble bursts, the government’s income is gone, and all kinds of investments are gone. What will follow will inevitably be a round of salary cuts and layoffs. Round after round, the house becomes cheaper, but your salary drops even more, or you even lose your job.”

Many ordinary viewers and netizens in the live broadcast room had no words to refute for a while. In 2014, the economy began to decline and the real estate market began to slump. Later, they fell into the pressure of destocking. House prices did fall, but as Fang Hong said, houses were cheap to buy. Those who can't afford it can't even afford it.

Fang Hong said: "So solving the problem is by no means about violently bursting the bubble. Let's talk about housing. The real solution must be to make your income growth outpace the growth of housing prices. Housing prices are rising, but my income has risen in the same period. If the price is faster than the house price, of course there will be no problem.”

"Further, we need to raise wages, not to burst the bubble. Therefore, we need industrial upgrading and high value-added industries, so as to bring higher income growth. To put it bluntly, developing technology is the last word."

"A house represents credit and reputation, and what it mortgages are financial assets and currency. If you lower the valuation to the floor price, your mortgage loan will be called back by the bank, and a chain reaction will occur during this period. Because the mortgage itself also has financial derivatives, its money multiplier will be significantly reduced, and money in the market will become very scarce, leading to a money shortage."

"When the property market was down a few years ago, how did the money shortage come about? Isn't that how it came about? The stock market was hit to more than 1,800 points."

The audience in the live broadcast room also began to think more and more. Fang Hong decided to confront the people who took the initiative to attack him in the live broadcast room. At the same time, he also wanted more people to see the essence of things clearly. Been fooled.

But now, this effect is really gradually revealed.

...(End of chapter)