Rebirth of the Financial Crisis Sweeping the World

Fall in love with your reading website, rebirth of financial crisis sweeping the world

Time passes slowly.

Wang Guanxi and others drank tea, chatted and played chess in the office.

A lot of big news came out during this period.

[The Central Bank of China lowers the deposit reserve ratio and the benchmark deposit and loan interest rates]

The People's Bank of China has decided to lower the RMB deposit reserve ratio for deposit-taking financial institutions by 0.5 percentage points starting from October 15, 2008.

From October 9, 2008, the one-year RMB deposit and loan benchmark interest rates will be lowered by 0.27 percentage points each, and the benchmark deposit and loan interest rates for other maturity grades will be adjusted accordingly.

Wang Guanxi was shocked: "Then the interest rate will be cut."

Cutting interest rates so quickly means that money will be released. After a while, mainland real estate will be able to buy bottoms.

In early November, Wang Guanxi planned to go to Lu City to start planning. He hoped to buy a few buildings when real estate prices were at their lowest.

In first-tier cities, Lu, Shenzhen and Guangzhou all have to buy buildings.

And his six horses, Zhang Huiming, Qian Mingyuan, Jia Baowei, Jin Xu, Pastor Brandt, Willer Hess and others, have already taken the lead to make arrangements.

In early November, he will go to the mainland for layout!

At this time, Huang Shaokai said: "BOSS, the interest rate has been cut, and the stock market is probably going to have a big trend."

Zhang Dexi said: "The stock market has fallen too hard and needs stimulation."

Wu Zhankun: "Not long ago, the Australian central bank cut interest rates, and now the Central Bank of China has also announced an interest rate cut. It's really fast."

Wang Juehao pondered for a moment and said: "If central banks around the world cut interest rates, the stock market will definitely surge, which is not good for us."

Bai Weiqiang suddenly said: "Not necessarily. The stock market is getting worse and worse, the economy is getting worse and worse, so the central bank has cut interest rates, but interest rate cuts can't immediately change the economic situation. The economy will continue to get worse regardless of whether it continues to get worse."

Then the news came again.

[Russia will inject 950 billion rubles into banks]

In order to alleviate the lack of liquidity, Russia will inject a total of 950 billion rubles into banks.

"It seems that interest rate cuts by major central banks around the world are imminent." Wang Guanxi put down the teacup hard, breathing a little quickly.

As a big short seller in the stock market, if the major central banks cut interest rates, the stock market will definitely surge, but it is uncertain how many days it will surge.

As Wang Guanxi is a big short seller in the stock market, such news is very detrimental to him.

Time passes slowly.

The scary news is back.

[Iceland sounds red alert, European financial crisis continues to escalate]

The "financial hurricane" on Wall Street that is migrating to the European continent has continued to escalate in recent days.

Iceland, which has been deeply affected by this round of credit crisis, was the first to sound the alarm.

Facing the liquidity crisis in the domestic banking industry and the continued plunge of the local currency, Iceland urgently announced three major measures: reforming the exchange rate system, taking over large domestic banks, and seeking a $4 billion loan from Russia.

Wang Guanxi couldn't help but said: "Iceland will go bankrupt in the future."

Iceland's financial industry suffered heavy losses in the global credit crisis. The exchange rate of the Icelandic krona against the euro shrank by 30%. Its external debt exceeded US$138.3 billion, while its GDP was only US$19.37 billion. Iceland is in danger of "national bankruptcy".

Wu Zhanhai couldn't help but said: "BOSS, we can build some industries in Iceland by then."

Wang Guanxi nodded: "Well, I will buy some land there in the future and build a summer resort."

Summer is very hot. When Wang Guanxi and others have nothing to do, they can go to the summer resort built in Iceland for vacation.

This is really good.

But now it’s important to make money.

[The Federal Reserve may cut interest rates]

[U.S. pension assets lost nearly $2 trillion due to subprime mortgages]

The U.S. Congressional Budget Office released a report saying that as the credit crisis has deepened its pressure on financial markets and the U.S. economy, pension assets have fallen by at least US$1 trillion in the past year and a half, and losses may be as high as US$2 trillion.

Since the majority of pension assets are held in shares, falling share prices have had a significant adverse impact on pension schemes.

Wang Guanxi: “Maybe we’ll have to cut interest rates tonight.”

Huang Shaokai asked: "BOSS, will the stock market surge a lot tonight?"

Wang Guanxi: "Not necessarily, but this news is indeed detrimental to us."

Wu Zhankun: "I hope the stock market will rise first and then fall."

Zhang Dexi: "It must be like this."

Wang Juehao: "The economy is so bad, pensions have lost so much, and Americans have no pension money."

Bai Weiqiang: "If interest rates are not cut tonight, they will definitely plummet."

Wang Guanxi said: "Let's go and have dinner first."

Soon it was evening.

After Wang Guanxi and others had dinner, the big news came.

[U.S. pension assets lost nearly $2 trillion due to subprime mortgages]

[Britain and the United States and six major central banks jointly cut interest rates by 50 basis points]

The Federal Reserve announced a 50 basis point interest rate cut to 1.5%.

The European Central Bank announced a 50 basis point interest rate cut to 3.5%.

The Bank of England announced a 50 basis point interest rate cut to 4.5%.

The Bank of Canada announced a 50 basis point interest rate cut to 2.5%.

The Riksbank announced a 50 basis point interest rate cut to 4.25%.

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Because before the U.S. stock market opened, the Federal Reserve and other central banks of many countries simultaneously cut interest rates by 50 basis points to ease the impact of the credit crisis on the financial market. U.S. stock index futures first rose and then fell, with violent fluctuations.

U.S. stock index futures are different from stocks in that they are traded almost throughout the day.

As of 8:50 a.m. ET, S\u0026P 500 futures were down 3.6 points at 992.6.

Nasdaq 100 futures fell 8.25 points to 1,328.25.

Dow Jones Industrial Average futures fell 62 points to 9,476.

There are currently $2.064 billion in Blackshirt hedge fund accounts targeting Exxon Mobil and Chevron.

Both companies are among the top ten giant energy companies in the world, with great reputations around the world. They are both Fortune 500 companies. ExxonMobil has even been ranked among the top 10 Fortune 500 companies for a long time.

Exxon Mobil's current market value is US$319.2 billion.

The market value of Chevron Oil Company is US$151.5 billion.

Wang Guanxi originally wanted to use the US$2.064 billion to buy the stocks of two energy giants separately, but after thinking about it, he decided to focus on one company. He was not sure which one.

Then Wang Guanxi said again: "Go and find out which financial institution owns the stocks of two energy companies and wants to sell the stocks of the two companies. We will buy them at the market price."

UBS Group, Morgan Stanley, Deutsche Bank, Mitsui Banking Corporation, Daiwa Bank, Sumitomo Bank, Singapore Banking Corporation...Bridgewater Associates, BlackRock Group, Blackstone Group, Bank Public Malaysia, Indonesia's Bank Central Asia... ······There are all of them.

"Yes, BOSS" Everyone started calling again.

Soon the US stock market opened.

The stock market rises first and then falls.

The sad thing is, it didn’t go up much, and it didn’t go down much either.

U.S. stocks have fallen for six consecutive days

Citibank shares fell to $147 per share.

Wells Fargo shares rose to $32 on the U.S. stock market.

Bank of America Corp. shares fell to $22 a share.

Exxon Mobil's stock price fell to $74 per share.

Unfortunately, no institution is willing to sell Exxon Mobil's shares to the Blackshirt Group at market prices. They are obviously optimistic about the subsequent share price of Exxon Mobil.

October 9th, Thursday, afternoon.

Huang Shaokai: "BOSS, UBS, Morgan Stanley, and Deutsche Bank require a 10% premium before they are willing to sell Exxon Mobil shares to us."

Exxon Mobil often pays dividends, the dividends are very high, and the stock price is also strong. They don't plan to buy it. If they do buy it, they will have to pay a premium of 10%.

Zhang Dexi also said: "Mitsui Bank, Daiwa Bank, and Sumitomo Bank said they would not consider selling Exxon Mobil."

“Public Bank Malaysia, Indonesia’s Bank Central Asia have not responded to us yet”

Wang Guanxi: "Then we will buy it in the market."

"Look what happens tonight!"

"The six major central banks cut interest rates, and the U.S. stock market fell last night, which shows that the stock market is very weak now."

“If the stock market plummets tonight, we might be able to buy Exxon Mobil at the bottom!”

This time the six major central banks cut interest rates, but the stock market still turned down, indicating that it will continue to fall.

If Exxon Mobil's stock price also plummets tonight, it may be time to buy the dip.

"Yes, BOSS!" Everyone was very excited.

Soon it was night.

U.S. stocks continue to plummet.

Wall Street Journal: Dow falls below 9,000 points for first time in five years

U.S. stocks opened higher and ended lower on Thursday night at intraday lows, marking the seventh consecutive day of declines.

The plunge in late trading caused the Dow Jones Industrial Average to fall below 9,000 points for the first time since August 2003, and General Motors' stock price even hit a new low since 1950.

Associated Press: The Dow Jones Industrial Average fell 678.91 points to close at 8,579.19 points, the third largest drop in history, with a drop of 7.33%.

Goldman Sachs: Some indicators in the credit market have shown signs of improvement in the past two days, but they are not enough to stop the decline in the stock market.

General Motors fell 31.1% to $4.76 as the Standard \u0026 Poor's rating agency threatened to downgrade GM's credit rating. This was the first time the stock fell below $6 since 1951.

On the morning of October 10th the next day, Wang Guanxi got up very early, ate breakfast, and the horses reported the situation to him.

Wu Zhanhai said excitedly: "BOSS, Citibank's stock price has dropped to US$133 per share."

Fund No. 2 holds short orders of 5 million shares, with a position of $213 per share, a floating loss of $400 million on the book, and a net worth of $1.42 billion.

Li Guangyu said with great excitement: "BOSS, Wells Fargo's stock price has dropped to US$27 per share."

Fund No. 3 holds a short order of 100 million shares of Wells Fargo, with a position of $40 per share, a floating profit of $1.3 billion, and a net account value of $4.7 billion.

Lu Jianyan said happily: "Bank of America's stock price has dropped to US$20 per share."

Fund No. 4 shorted 40 million shares of Bank of America, with a position of $38.00 per share, with a floating profit of $720 million and a net account value of $2.24 billion.

"Very good!" Wang Guanxi was very happy, and then asked: "Where is the stock price of Exxon Mobil?"

They originally planned to buy Exxon Mobil at the bottom last night, but they changed their minds temporarily.

Guan Zhenyi said: "BOSS, Exxon Mobil's stock price fell sharply, from a high of 77 US dollars per share to 68 US dollars per share."

Last night ExxonMobil's stock price finally plummeted.

Because crude oil plummeted last night.

Blackshirt currently has $2.064 billion in spare funds in his hedge fund account and plans to buy Exxon Mobil's stock at the bottom.

However, the price fell so sharply last night that they temporarily changed their minds and continued to wait until Exxon Mobil's stock price fell below $60.00 per share.

Wang Guanxi said: "If the stock market falls sharply again tonight, we can buy Exxon Mobil at the bottom."

The purpose of buying Exxon Mobil at the bottom this time is to make a quick buck, and then use the money to buy Tengxun Group stocks at the bottom.

There is nothing more profitable than buying Tengxun Group shares now.

The U.S. stock market plummeted last night, and when the Hong Kong stock market opens today, Teng Xun Group's share price will definitely plummet as well.

Of course the Hang Seng Index will also fall.

Shares in Hong Kong's HSBC Bank will also fall.

Currently, Wang Guanxi’s No. 1 Fund is still shorting the Hang Seng Index.

Blackshirt Insurance also shorted HSBC Hong Kong.

Wang Guanxi hopes that the stock market will continue to plummet.

"The Hong Kong stock market is about to open, keep an eye on it!"

After saying that, Wang Guanxi left the trading room and wanted to continue resting.

"Yes, BOSS!"

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At this moment, in the trading room of the Imperial Bank of India Building, there was a feeling of depression and sadness.

Because the US stock market fell sharply last night, which made Nehru, Sandeep Batra, Ratan Tata, Feroze Sanghvi, Anand Mahindra, Raju Shroff, Jilayu Amin and the other seven people were very unhappy.

Nehru scolded: "Damn it, even though interest rates have been cut, the stock market has plummeted!"

Sandeep Batra: "Fuck, this damn interest rate cut, why is the stock market still falling?"

Ratan Tata: "If we wait, the benefits brought by this interest rate cut may take effect in a few days."

Feroz Sanghavi: "Yes, I think so too. With the interest rate cut, there is so much more money in the market. Where else can this money go? It must have entered the stock market."

Nand Mahindra sighed; "This time the people in the Black Shirt Group have made money again. Damn it. Wells Fargo's stock price has dropped to 27 US dollars per share. I am really unwilling to accept it."

Jilayu Amin also said: "The stock price of Bank of America fell to 20 US dollars per share, and I suffered a huge loss."

Rajushlov also sighed: "I hope that when the Hong Kong stock market opens, the stock price of HSBC Bank will not fall too much."

The seven people are now like frightened birds, and they are in panic all day long.

Soon the Hong Kong stock market also opened.

Hang Seng Index gapped again!

Open at 15100!

The Hang Seng Index closed at 15,600 yesterday afternoon. Unexpectedly, it jumped 500 points today!

"Oh my God, it opened at 15100!"

"Ruined!"

"It's so stupid. Yesterday I bought the bottom, and today I'm going to liquidate my position."

"I hate it!"

"hateful!"

“If I had known better, I would have listened to Black Shirt Investment Bank’s analysis.”

"It's such a shame to be numb."

“I don’t know how much money Blackshirt Investment Bank made this time.”

“Alas, Blackshirt Insurance Company is shorting HSBC, and HSBC’s share price is going to plummet today.”

"HSBC's share price has started to plummet"

“No, HSBC’s share price is up again”

"Damn it, someone is buying the bottom."

"Oh my god, the Hang Seng Index is still falling and will soon fall below 15,000."

I saw that the Hang Seng Index continued to fall.

14950

14900

14860

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