American Fortune Life

When Andy and Lima lived on the Montana farm without shame, and three meals a day, the whole world was still shivering under the turmoil of the financial turmoil. The rescue plans of various countries are like salaries and salvation Generally, let panic get more out of control.

The Icelandic krona has fallen sharply against the euro. The Icelandic Central Bank had to announce that it would fix the Icelandic krona to the euro at 131 to 1. However, due to the relentless sell-off of the Icelandic krona in the foreign exchange market, the Icelandic central bank announced that it had abandoned its support for the Icelandic krona exchange rate. Iceland is only one step away from the country's bankruptcy.

On the 10th, the authoritative rating agency Standard & Poor's stated that it would consider downgrading the credit ratings of GM and Ford Motor Company from "b" to "junk". GM's stock immediately plunged and fell all the way to The lowest price since 1950, the total market value of the company's stock has also shrunk to its lowest point since 1929.

As a result of this drag, the New York stock market, which had been hovering at a low level, staged a dramatic scene less than an hour before the close.

Under the crazy selling pressure of the market, the average price index of 30 industrial stocks of the Dow Jones fell below 9,000 points in an instant. This is also the first time that the Dow has fallen below this integer mark since August 2003.

Subsequently, 8900 points, 8800 points, 8700 points, and 8600 points were also easily penetrated. In the end, the Dow closed at 8759.19 points, down 678.91 points or 7.3% from the previous trading day.

The S & P 500 stock index also fell 7.6% on the day, while the Nasdaq Composite Index fell 5.47%. This is also the 7th trading day of the New York stock market since the 1st of this month. The three major stock index cumulative declines have exceeded 20% ...

Finally, Buffett, who had invested $ 8 billion in the market, couldn't sit still, started his PR campaign, took the initiative to call Treasury Secretary Paulson, provide advice, and wrote a long letter with written suggestions. And stated his willingness to give up 20% of private funds, 100 million US dollars, to support the implementation of the rescue plan!

In an hour-long exclusive interview with AMC Cable News, Buffett called the market turmoil "Economic Pearl Harbor" and reiterated his belief in the United States' long-term dominance.

It is extremely rare to publicly claim that he is buying stocks. When this financial crisis caused investors to panic and sell off, whether it is patriotism or public relations, he looked at the old hooligan on the sofa with Lima Wo With a solemn expression, Andy still admires the old man's responsibility and judgment very much.

"The financial system is in chaos now, as it is in the United States and the rest of the world ...

So ... I've been buying US stocks. Here I am referring to my own personal account. Previously, I bought all US government bonds in my personal account, and did not invest in any stocks.

Of course, this does not include the Berkshire Hathaway shares that I hold, and I have donated all of them to charity.

All assets in my private account other than Berkshire stock will soon be invested in US stocks.

why?

Because I buy stocks completely following a simple investment tenet: fear when others are greedy, and greedy when others are afraid. It is almost certain that now the fear is spreading everywhere, investors are scared, and even experienced investors are scared ...

I want to clarify in particular that I simply cannot predict the short-term volatility of the stock market. I don't know at all whether the stock market will rise or fall in the next month or year.

However, even before the market sentiment improves or the economy recovers, it is likely that the stock market has already risen ahead of time and may have surged. So if you have to wait until the robin primula, then spring will be over ... "

"Dear, when will this terrible economic crisis end? I read the news report that in the Los Angeles area alone, the number of new homeless people has reached 73,000, of which 40% are women and children. This is terrible! "

Lima watched an exclusive interview with Buffett on TV, and just left from Brazil, which was hit hard by the economic crisis. Seeing the sad scene of the news report, Lima was a little bit unacceptable. After all, she came to the United States to develop, and also had a world Media rendering touted 'American Dream'.

But now it seems that this so-called 'American Dream' myth is completely shattered!

From the back, Andy tightens Lima in her arms tightly, her chin rests on her shoulder, and Lu Shan's claws are used to waning the man's favorite, the woman's pride, and the baby's ration, saying gently: "' The American Dream '? In Washington, they call it the' ownership society ', because every family in the United States has its own house, and the government does not interfere with people's realization of their American dream. Do you know what the real meaning is? "

Lima was uncomfortable with Andy 撩 bo, turned and looked back at Andy, biting red and biting red Chun and shook his head. The water mist in a pair of gray-green eyes was diffused, slightly blurred.

"No one cares about you, you have to rely on yourself ... now is the time for them to acknowledge their failure!"

Andy's words are a bit indifferent, maybe a little cold-blooded, but this is the truth, and it is time to wake up.

In a market economy, it is simply impossible for everyone to have their own housing, and it is even impossible for most people to have their own housing.

Everyone in the United States has his own house. Under the impulse of the subprime mortgage crisis, it is like a sand castle on the seashore. After a wave, it is a mess. According to data held by Andy, conservative estimates estimate that there are currently about 750 in the United States. Thousands of home buyers are carrying negative assets, and 100,000 home buyers are on the verge of carrying negative assets.

Just when Andy and Lima were tired and crooked together on the sofa, preparing to see the poor, using their swords to make up their feet, and completing the life-threatening event in the wind and the sun, the most annoying thing happened to Andy.

That's right, the phone rang very untimely, and two phones rang at the same time.

"Giggle ..." Lima with pink on her cheeks curled up, giggle gloatingly, and looked at the annoyed Andy with a constipated expression, unwilling to get up, Lima reached out and caressed his cheek, and said: Go and answer the phone first. Everyone knows you're writing behind closed doors and still calling. It's definitely not a trivial matter. "

"Shet!" Andy cursed very unpleasantly, got up from the sofa, took a personal mobile phone and watched it. It was not far from Joseph of Freedom Eagle Security Company. He groaned and chose to hang first. Broke, then picked up the external mobile phone and saw that it was the call of Treasury Secretary Hamilton.

"I really have to pick up ..." Andy pouted and looked at Lima, who had begun to rearrange his clothes, said unhappyly, and then picked up.

Lima looked at Andy, who was still upset when he just answered the phone. Over time, a smile appeared on his face, and then he became more and more brilliant, guessing that this was a good thing.

"Oh, Hamilton, thank you for telling me the good news. I didn't expect that Yingtai Bank could be selected as the first batch of bank capital injection plans. Hehe, of course I'm happy ... you wouldn't be right to say that, who would even abandon his own funds? Adequate, but you are right. The 9% annual interest rate is indeed not low. So, I will call Steven Nuby now. I will attend the meeting tomorrow afternoon and we will be on time.

After hanging up the phone, looking at the bright smile on Andy's face, he asked curiously, "Dear, what good news?"

"Huh? Oh, isn't this worrying about the continued bankruptcy of the bank, causing greater panic in the market? The Treasury Department has just finalized a bank injection plan, and the Federal Reserve Bank of New York completed the selection of the first batch of banks with the assistance of the Office of the Comptroller of the Currency, My Yingtai Bank is also in this list. Although it does n’t have much money, it also has a scale of 2 billion US dollars. Hehe, it seems that the troubled children really have nai food! "

Talking about Andy smirking and holding out Lushan's claws, attracting Lima ’s coquettishness, and slaps the big hand to open the blame. Lima also has a slight blink of his eyes. The more successful a man is, the happier she is, although she cannot become Mistress, but she will not give up a high ambition.

Lima was like a man, sitting in Andy's arms around his neck, and said with a wink to Andy, "Dear, I want a child!"

Andy raised her eyebrows, teased and laughed: "Of course, no problem. It is easy and happy for me to enlarge your belly!" 8)