American Fortune Life

Hanging up the phone, Paulson squeezed the bridge of his nose, frowned and picked up a document on the table in front of him, and carefully checked it again, this is a comprehensive plan to help financial institutions strip bad assets.

In a while he will be traveling to the White House with Bernanke to attend the President's Financial Markets Working Group meeting. This is the second time in three days that they have met the president, asking the president to support radical and unprecedented intervention in the US financial system.

The government stepped in and bought toxic assets directly from bondholders, thereby bringing their balance sheets back to normal and maintaining credit rollovers!

The cost of 500 billion US dollars, this is only an estimated value. Looking at the figures given by his subordinates, Paulson had a bitter smile on his face, and his heart was very helpless. It is conceivable that when he put this plan When submitted to Congress for discussion and approval, the group of big men in Congress will absolutely drown him with saliva ...

After being hit by financial waves, Wall Street now adheres to the golden rule of "no news is good news." Treasury Secretary Paulson intends to establish a trust-like institution, and the news of paying bad debts for financial institutions was almost immediately spread by people after the meeting. Then, the three major US stock indexes rebounded sharply.

Andy, who was sitting in the sky and flying in the sky, received the details of the White House Financial Market Working Group meeting, and he guessed that would happen. For the big bear, the surge in the stock market is undoubtedly unwilling to see it. The money he earns has diminished, and he can only be happy if he is happy.

But the bear market is like this. It is particularly sensitive to news. If this sensitivity is measured from "one to ten", then the report sensitivity is thirteen. But once confirmed tomorrow is just a rumor, the stock market will definitely turn around and fall.

Under the current economic conditions, those who have been hit hard by the subprime mortgage crisis are happy to see that the government is finally willing to pay. Those investors are even more hopeful of the government's strength. Intervention can help financial institutions divest mortgage debt and allow them to recover some of their losses.

This seems to Andy. In a sense, government behavior, whether it is the US Treasury, the Federal Reserve or the US Securities and Exchange Commission, can only delay the pace of trend development, whether it is crazy rise or desperate decline, they All you can do is delay, not stop!

They know this better than anyone else. I really want to say that among the first forces to discover the subprime mortgage crisis, the Fed is definitely the clearest insider, but they have no way to stop it, and they dare not lift the cover directly. Instead, it continues to take advantage of interest rate cuts and the depreciation of the US dollar to release pressure.

Whether it is 500 billion or 700 billion, they are all sandbags. Is it useful to block rivers and rivers to rely on several sandbags?

Oh, that's bullshit!

No bank in the world has the ability to fully repay all deposits. They are nothing more than holding 10,000 yuan for 200,000 yuan. This is still a reliable traditional bank.

As for the group of people on Wall Street, they are doing 10 trillion 1 trillion things, the purpose?

It's too clear to make money!

Make quick money, make big money, make money for all the prey you can make right now!

cost? Ghosts only care, that's something to say when the storm comes!

Therefore, when faced with stormy waves, confidence! Only the restoration of confidence can truly curb the galactic swirling capital market decline, otherwise it will be a night away from sitting Rolls-Royce to the Federal Reserve meeting to queue for relief food on the street!

As for many people, it is due to the abuse of financial leverage. If you give up, you can avoid another financial crisis. The question is, can you give up?

That's even a joke, because as far as the modern world is concerned, it is no longer possible to give up. In today's capital utilization wagons and driving speeds are already high today, any type of braking may cause overturning and rollover!

Before the Fannie Mae and Freddie Mac incidents, the US Treasury Department and the Federal Reserve did not discuss the problem of a bubble in the US real estate market, but they were thinking about a soft landing!

Well, it looks like it did land now, but with its face down!

Thinking of the current global stock market lamenting, Andy also has a lot of emotions. As ordinary investors, to be honest, they are definitely in a weak position in the capital market. What folk stock gods and stock kings ’wealth myths are all Nonsense!

The so-called acquisition of wealth is mostly dreamy or "temporarily available and must fly away"! As long as you don't quit all, you will never be a winner!

Money is like a trickle. From the hands of everyone who earns salaries, through the complex framework of financial theoretical structure, layer by layer, step by step, and finally the money flows into their pockets.

Well, for the present Andy, this kind of compassionate thought is undoubtedly a bit of crocodile tears in it, however, it is the case, although a bit cruel.

He couldn't help laughing at himself, and turned his attention to the latest issue of "Forbes" on the table, announcing the "Top 400 Rich Americans". Microsoft founder Bill Gates beat Warren Buffett, the "stock god," to $ 57 billion, regaining the richest man's throne.

And this time the list calculates the rich's worth, using the stock price on August 9. After all, the recent turmoil in the stock market has shrunk some of the rich's assets.

Warren Buffett, chairman of Berkshire Hathaway, has $ 50 billion in assets, ranking second. Oracle founder Lawrence Ellison ranked fourth with $ 27 billion in assets.

In March this year, Buffett replaced Gates as the world's richest man with a personal wealth of $ 62 billion.

But since the beginning of the month, the stock price of his Berkshire Hathaway company has fallen by 15%, and his assets have shrunk by $ 12 billion.

As for Andy, alas, the crazy one ranked third with 32 billion US dollars, but the assets soared 11 billion U.S. dollars. This is not the most dramatic, and everyone is amazed by the last paragraph of Forbes. Reviews.

"The rich have not become richer, which means that the economy is stagnant. Of course, Andy Smith is naturally not included in this list. None of his companies are listed. Once listed, Andy Smith's personal wealth will swell to an amazing level. . "

Although this is only a temporary list of American wealth, the influence of Forbes is unquestionable. Looking at including Bill Gates and No. 2 Buffett cannot avoid asset damage, let alone those. The 126 on the rich list have severely shrunk assets.

Among them, gambling tycoon Sheldon Adelson has plunged $ 13 billion in assets within seven months due to the stock price he held, which is equivalent to "losing $ 1.5 million per hour."

In this economic environment, and deducting liabilities, Andy Smith's assets can grow at a rate of tens of billions, which is simply blinding everyone's eyes.

Not to mention his cash growth, just to say that the Premier League's Spurs club, with the acquisition of Manchester City, a series of money throwing actions by the desert tyrant, the most direct effect is to make the valuation of each team in the Premier League once again huge Promotion.

Tesla Supercar, which has been offline and has begun to deliver, although the initial price increase has caused great dissatisfaction among booking customers, but Andy gritted his teeth, and would prefer to refund the dissatisfied customers. The policy of not losing money and making money, and ensuring the company's profitability, was a bit troublesome at the beginning, but with all kinds of crazy publicity and the concept of blowing leather, the more important thing is that the cars sold can make money. This series adds up to Tesla's valuation to $ 700 million.

Not to mention the Marvel Group that has successfully turned over, an "Iron Man" made all the movie companies envy and regret the sorrow of Xiong, and even the remake of "Invincible Hulk" suffered a temporary loss, but after all, the world The box office is also a summer blockbuster of over 300 million US dollars, and naturally Marvel's valuation has been raised again.