Rebirth of Hong Kong 1981

   Chapter 912 NBC

   Yang Chen thought for a while, then looked at Charles Spencer.

   "Could it be that you want to go to Rei's voice?"

  I don't know that Charles Spencer didn't hesitate at all. He shook his head and said, "I want to go to NBC, where I have a friend who works, Yang, I heard that you are now a private majority shareholder of NBC."

   Hearing Charles Spencer's voice that he didn't want to go to Li, Yang Chen put down the vigilance in his heart and nodded, "There was a report in the newspaper before, and I am indeed a private majority shareholder of NBC now."

  Charles Spencer said: "Well, can you let me serve you as a shareholder representative at NBC, a director or something."

   Yang Chen wondered: "Don't you want to be a reporter?"

  Charles Spencer said: "This is not a conflict. I am a shareholder representative for you, and I also do the work of a reporter, but with your support, I can also be free at NBC."

   Hearing this, Yang Chen immediately understood and asked, "You want to work in the United States? Not in Europe, right?"

  Charles Spencer said: "I would rather use my job as a reporter to travel around the world."

  NBC, the abbreviation of National Broadcasting Corporation, is one of the three major commercial radio and television companies in the United States (the other two are CBS and ABC).

Headquartered in New York,    was established in 1926 and is the oldest and most powerful commercial radio and television company in the United States.

When Yang Chen became a major private shareholder of NBC last year, it also caused quite a stir. Because of Yang Chen's series of acquisitions, his news media group has already had a huge influence in the three major regions of Asia, Europe and the United States. The title of media tycoon , was also detained on his head.

   Yang Chen didn't immediately agree to Charles Spencer's request. This later generation is a famous playboy, and he doesn't want the other party to use his name to do things.

   Although Yang Chen is only a private majority shareholder of NBC, he cannot really make decisions about NBC's major and minor matters, but with the rapid rise of CAA in the past two years, the American media industry will give him a bit of face as Boss Yang.

   Wang's richest man in later generations, he started a movie city, and all the top stars in Europe and America came to support him. Now he is more powerful than Wang's richest man.

Not only movie theaters, but everything related to media and entertainment. Maybe he doesn't control these companies from top to bottom. U.S. law does not allow monopoly, but as a shareholder, he still has some decision-making power and influence. of.

Media and entertainment are one, and the entertainment industry is so chaotic. It can be said that it does not distinguish between East and West. He is afraid that Charles Spencer will go to the United States, and if there is less supervision around him, if something goes wrong, it will not look good. .

night

  Mandarin Oriental Hotel

   Prince Charles' room

   Yang Chen and Prince Charles were discussing things while drinking red wine. Charles Spencer was not here.

  The topic of discussion between the two revolved around the recent Plaza Accord.

   Prince Charles raised his glass and smiled: "Yang, congratulations, you won the bet again this time."

  Yang Chen shook his head and said, "This is not a gamble, this is because I have excellent eyesight."

   Prince Charles joked: "You really don't know modesty when you say this. I remember that you told me last time that modesty is your virtue."

  Yang Chen shrugged and said, "I forgot to tell you at the time, but there's actually a sentence behind it that I didn't tell you."

  Prince Charles curiously asked: "Oh? What is it?"

Yang Chen said solemnly: "Excessive modesty is actually a kind of pride. A great man in the mainland once said that modesty makes people progress, but pride makes people fall behind. I need to move forward step by step, and I can't fall behind anyone, so I can't be too much. Be humble, and that would make me proud."

   After listening to Prince Charles, the corner of his mouth twitched hard, he found that Yang Chen's face was getting thicker and thicker now, he needed to continue to adapt and get used to it, otherwise they wouldn't be able to chat well that day.

   "Actually, many economists know that the island country's economy has been growing continuously for so many years. It is a marine island country that lacks resources and needs to import everything. Its GDP is close to that of the number one economic power, the United States."

   "The economic development of the island countries makes the yen appreciate a lot. Even without the Plaza Accord, the yen will automatically rise."

   "The U.S. and European countries both want the yen to appreciate, and the economy of the island countries also needs the yen to appreciate in order to provide assistance for the expansion of the island country's companies. It's hard for me to lose even if I want to..."

   After listening to the analysis, Prince Charles nodded in approval of Yang Chen's statement. Economists from all over the world have actually seen this. The news of the devaluation of the US dollar has already appeared.

   Since the outbreak of the oil crisis, the US energy prices have risen sharply, and the US consumer price index has risen accordingly. There has been serious inflation in the United States, and its inflation rate once exceeded double digits.

   For example, when people deposit their money in the bank, the real rate of return at the end of the year is negative 12.4%, which means that when people deposit their money in the bank, not only did they not make any profits, but they also suffered serious losses.

   Faced with this situation, the US Federal Reserve, in order to manage severe inflation, raised official interest rates three times in a row and implemented a tightening monetary policy in the late 1970s and early 1980s.

The result of this policy of raising interest rates is that the official interest rate and market interest rate in the United States are as high as double digits. In the short term, the real interest rate (the real rate of return after deducting inflation) is from the early 1950s to the end of the 1970s, and the average average is close to Zero interest rates, a sharp increase of 3% -5%.

The high interest rate of banks has attracted a large amount of overseas capital into the United States, which has led to a surge in the price of the US dollar. Since the adjustment of interest rates by the Bank of America in the early 1980s, the US dollar exchange rate has risen by nearly 60% in just a few years. The exchange rate exceeded the level reached before the collapse of the Bretton Woods system.

   The substantial appreciation of the US dollar has led to the expansion of the US trade deficit and the US government's fiscal deficit. This requires the devaluation of the US dollar to solve the problem.

   The depreciation of the dollar can not only make the yen appreciate, but also stabilize the pound, which is constantly depreciating due to the weakening of national strength.

   "However, I think this is just the beginning. Next, if the island countries cannot stabilize their policies and resolve the impact of the appreciation of the yen, as well as the large-scale inflow of foreign capital."

"Then the consequences will be unimaginable, and the yen is likely to appreciate further. If the US government is determined to teach a lesson to the islanders who have forgotten their scars, let them know who is the boss and who their government listens to. , then the appreciation of the yen must have more room than imagined."

  ——

   (end of this chapter)