As for whether to take advantage of it, hehe, that is also his son's business.A long time ago, William White started property division.

 He does not have the so-called great wisdom, and his genes are not necessarily good.The tiger father and dog son are ridiculed. If there is a big family grievance, then the rich will not be more than three generations.

 Labor and capital are divided early in the morning, and the world for you is big enough for those who are capable.If it's really a waste of snacks, then marry more wives and have more children.

 "Charlie, what do you think?"

 Looking at the report in his hand, Charlie Munger hesitated.Damn, the loopholes are too obvious.

 "Warren, is this an April Fool's Day joke? You can cut half of their profitability."

 "Tsk, it looks like I'm not suspicious. What kind of plane is this Citigroup?"

 "Warren, you may not be very clear about the recent market. Citigroup and Merrill Lynch suddenly come first, and their investment in the high-tech industry has reached a feverish level.

 Ahem, poor Julian Robertson is really a wonderful flower, but he doesn't know when the Internet bubble he thinks will collapse. "

 After hearing Charlie Munger's words, Buffett was a little dumbfounded.Nima, I hate this kind of rotten ass the most. It doesn’t matter if you fail once. You Julian Robertson, who has grown from a worth of tens of millions to controlling assets of tens of billions of dollars. This small setback in Japan can be regarded as What.

 Well, you can't calm down, look, look again, think again.When investing or speculating, the least worrying thing may be time.

Chapter 243 Currency Chaos

 When encountering setbacks, you need to maintain proper calm.It's best to do less if you can.Cough, it's easy to say, but there are a few people in the game who can do it.

 Generally speaking, Julian Robertson is a rare investment genius.Well, it doesn't matter if you see a bubble, you'll be unlucky if you see it too early.

 Before the Asian financial crisis, Greenspan reminded the dot-com bubble.If you are a fan or student of this guy, at the very least, you will miss a wave of the market that is in full swing. If you are a little more sad, Julian Robertson is now.

 Can you say he misjudged?

 Not only can't, William White is even a little admired.He even looked forward to it, if this guy loses everything, can he be caught as a coolie?

 If you're not a time traveler, people don't know how many streets they will dump you. If such a guy is used reasonably, its value is basically limitless.

 "Charlie, how about the latest euros?"

 "The situation in the region is tense, and the volatility is not too violent, it has declined slightly.

 However, the White Fund is selling U.S. treasury bonds. Hehe, Mr. Richest Man, he seems to be very optimistic about the future of Europe. "

 "Uh, it shouldn't be." Buffett scratched his head a little. If William White didn't know the tension in Europe, he wouldn't believe it.

 only……

 "Yeah, some people don't understand. It's easy to sell JGBs. The 150 has risen to the current 115. This is a profit-taking.

 U.S. debt? "

 Naturally, Buffett was not the only one who was dizzy. Looking at the report in his hand, Greenspan's head was as big as a bucket.Saving Brazil is easy to say, but a large amount of capital is returning to the United States. If things go on like this, it will be difficult for you to think about inflation.

 "Allen, don't hesitate any longer. You want to guide the public to consume, but they won't be obedient."

 Regarding Paul Volcker's words, Greenspan couldn't even refute them.The steady decline in new home data suggests that few people are buying homes.

 In William White's view, where property taxes are levied, there are basically no real estate speculators.Of course, this refers to the real estate tax in the United States and Japan, but the one in Xiangjiang is not acceptable.

 "Paul, a rate hike is a must.

 But at this time?

 If you don't talk about other things, Mr. President will definitely not be satisfied. "

 "Hmph, why should he be satisfied with how the Federal Reserve does things? Besides, this guy is still free to manage this place. Maybe he will go home in two days.

 The strong position of the US knife must be ensured. "

 "It's natural. It's inevitable to raise interest rates. I'll think about how much to increase."

 Paul Walker sighed secretly, and said nothing more.He is advocating that one step is in place. However, if he is not in his position, he will not seek his own affairs. He will talk to you for your face. If you boss him around, he may not buy it.

 Looking back now, the financial sabotage war launched by Yingjiang was actually not worth the candle.It is true that countries have increased their foreign reserves in US dollars, but how can the resentment in people's hearts be easily forgotten.

 It is really not just casual talk about getting more help and losing less help.You see, aren't the central banks of all countries happy with the emergence of the euro?

 We can't fight on our own, so it's no problem to recruit someone with a big head to fight with you.

 If one day, Meidao will really die.Don't worry, there are a lot of people waiting to throw stones down.

 "Is it lowered again?"

 "I'm sorry, President, this year's spring order meeting did not complete the scheduled target."

 "Asshole, those damned politicians. By the way, how about the inspection trip to Southeast Asia.

 Bastard, what are you talking about?The company is not out of business yet. "

 Yamada worked for a small electric appliance company. Of course, as a graduate of Waseda University, his original company was not bad.

 It's just a pity that Japan's bubble economy burst, followed by the Asian financial crisis, and the securities company he worked for finally went bankrupt.

 The current job, although the monthly income is only 30.However, the mortgage that would never be paid off made him unable to straighten his back at all.

 "Sorry, President, the situation in Southeast Asia is not good. The land and taxes are not bad, and the wages of workers are not high.

 However, their laziness is really unexpected.If you can, it is best to go to the rabbit country. "

 "Tsk, rabbit country? Let me think about it again."

 The conversation between the two is just a microcosm of many Japanese small and medium-sized enterprises.Sudden exchange rate changes, the prices they depend on for survival, no longer have any advantages.

 It's interesting to say that small Japan is also very interesting. The more so-called international companies, the less it matters.Since Japan is not suitable for production here, it is good for the factory to close and the employees to dismiss.

 But it is these small companies, but they will consider the livelihood of their employees.If this is not the case, don't investigate any place, it is much better than Japan anyway.

 The so-called brand premium of current electronic products is not very obvious.For European and American consumers, those enthusiasts will never buy anything made in Japan.

 Then, except for these people, other ordinary consumers are very sensitive to prices.I used to be able to buy products for a hundred dollars, but now you need 120 or more, so I'm sorry, Smecta's stuff seems to be good.

 The unemployment rate soared, the property market continued to plummet, and the securities market was deserted.Faced with such a predicament, it is very strange that the politicians in Little Japan seem to be a little happy to see the success.

 It is said that Japan likes to learn from eagle sauce, let alone that the reason why they are so numb now is that they are also taking the road of deindustrialization.

 Is this a wrong choice?

 In fact, there is no such thing. Similar to the United States, the dividends of the baby boom have disappeared.Without very extreme policies, the negative population growth is irreversible.

 This is the case in a low-desire society. You can watch the happy life of having children on TV.For ordinary people, this is too far away.

 "Boss, interest rate hike expectations are indeed increasing, but the euro does not seem to be the most stable.

 In order to balance investment, the think tank believes that the safest investment is to buy gold. "

 "Yes, raise interest rates? Let me see how far he will increase. Or issue a large amount of national debt, otherwise, the era of severe inflation will come and be irreversible."

 Felson's suggestion is actually in line with William White's idea.It is inconvenient for him to buy physical gold in large quantities, but if it is an investment, paper gold is also a good idea.

 Regarding gold, he has a tacit understanding with the Fed.In other words, there is a tacit understanding with Greenspan.

 However, these are only verbal agreements, and if there is any trouble, you can go back on it immediately.Such things as integrity have never appeared in William White's dictionary.

 "With the appreciation of the yen and the rate hike of the US dollar, the next economic trend is indeed chaotic. Our think tanks have unanimously judged that inflation is irreversible."

 "Hey, these damn bastards, do you mean that this is a hedging transaction that intends to increase the yen?"

 "Yes, boss, it is not obvious now, if the yen can be relatively stable, the amount of this transaction will reach a very exaggerated level."

 William White nodded, accepting what Ferson said.In fact, he is very clear that those ancient chaebols in Japan rely on this kind of transaction to maintain the operation of the family.

 The Japanese really like to save money, even if there is no interest, they still want to deposit money in the bank.

 If there is no suitable investment channel, then the money will directly enter the financial system of the United States after being transferred.

 You see, is the US Federal Reserve full of food? Since you are worried about inflation, why bother to bring down Japan's financial system.Well now, let's enjoy the bubble era together.

Chapter 244

 The economy has its own laws, and too much administrative intervention is useless at all except to fuel the flames. On this point, the guys at the US Federal Reserve have no reason not to know.

 However, it is one thing to know, and quite another to adopt a strategy.

 Of course, you can only describe William White's current state of mind as shameless.

 Yes, after so many years of quarreling in later generations, mainstream economists have come to an astonishing point of view. The Japanese government’s initiative to burst the bubble is actually a mistake.

 If it rises too much, it will fall, and if it falls too much, it will rise. The economy is like this, and so is the securities market.In the absence of external interference, the automatic repair of the market mechanism is much more efficient.

 Unfortunately, today's economics, due to the Asian financial crisis, the Chicago School suffered a heavy blow.The world is going from one extreme to the other.

 The most ironic point is that Peanutton, who was clamoring not to intervene in the market before, suddenly suffered from collective amnesia.Fiddled with by this group of restless little hands, the United States began to embrace Keynesianism.

 Raise interest rates, the economy is overheating, if it fails once, it will be twice.With tax increases, rich people need to assume more social responsibilities.It is really unacceptable that the welfare system of the United States is not ranked high in developed countries.

 "Damn it, it's so thrilling, it's just a little bit off. Old Ke, this is the end, right?"

 "Tsk, this game is really thrilling, and I don't know how to control it. If the game really crashes, God knows how it will end." Lao Ke's impeachment, the result of the vote today, although everyone expected it, but also by this The result was a shock.

 Nima, just passed the test with a slight advantage.It goes without saying how unpopular this fellow is.

 "Hey, did you see just now, Lao Ke's face is turning blue."

 William White has no interest in Jason Gao's bad taste.He always had a feeling that this might be a warning.

 Well, take it easy, Old Ke, don't think that if you pass the test this time, you can turn your face and be ruthless.If you do it again, I hope you have the same luck.

 Jason Gao was just having fun, and by the way, YY about Lao Ke's intern.William White's heart will be much heavier, more and more evidence shows that there is indeed a dishonest hand in the dark.

 Check the history of the United States and you will find that since the Lincoln era, there has been a mysterious force that has continuously influenced the foreign policy of the United States.

 So, sometimes knowing too much may not be a good thing.For William White, it was impossible to be a marionette.He is also extremely tired of those uncontrollable forces.

 However, the more you know, the more you will know the need to endure.When the arrow is not fired, it may be a deterrent to both sides.

 "Hey, Jason, let's not talk about this, the main reason for your trip to Japan this time is one thing.

 The US Federal Reserve has a strong expectation of raising interest rates. In desperation, credit here in the US will decline. "

 "Ahem, Boss, if you need to switch positions, it will be a huge loan."

 "Well, if you don't borrow money from Little Japan, it's not for nothing. You don't have to be too humble. Borrowing money from them is to give Little Japan face."

 "Hey hey hey, I see boss, don't worry, there will be no problem."

 Of course, Jason Gao would not know that with the eastward expansion of NATO, the Balkans, which had been at a standstill, began to be in chaos as usual.

 Mustache said that this is the hemorrhoid of Europe.Cough cough, well, this is obviously discriminatory, so it is really inappropriate to say so.

 However, the title of the powder keg of Europe is well deserved.

 Maozi is finished, which breaks the previous balance.If you look at Africa right now, you will understand that they are talking about doing things for the people.In fact, all they care about is their own interests.

 Looking at the depressed old Ke opposite, Al Gore became even more depressed.Nima, you've made it through, and me, you're treating me like a panderer!

 Nima, can this damn position be contested or not?

 Don't think that this guy is hypocritical, in fact, he is not.It was really an accident that Lao Ke won, and it was precisely because of this accident that there were actually very few obstacles for him.

 It's a pity that in the next time, even if he succeeds in taking over, he won't be able to fly freely.

 What, Lao Ke is Lao Ke, and Gore is Gore. Is it necessary to compare them?

 Ahem, the problem is, you have inherited someone else's political legacy, so it doesn't matter.Old Ke is a rookie, but Al Gore has a long history of education in his family. There are twists and turns in it, so there is no reason why he doesn't understand.

 "Mr. President, in the coming time, we must have a good communication with Europe.

 To be honest, the intention this time is too obvious, if there is a violent backlash..." Al didn't plan to say anything, Nima, will I become persona non grata when the friends have a meeting next time?

 So, this fellow is still a gentleman.You see, it's all like that, no, it's still the same as before.

 I am a hooligan and I am afraid of anyone. If you don't have such a mentality, you will be a senior staff member at most.To be able to climb to that position, a thick face and a dark heart are only necessary skills.

 "Oh, I know Al, so I can only communicate as much as possible.

 By the way, Greenspan told me yesterday that raising interest rates is a must, and a large amount of money is pouring into the United States. If it cannot be channeled in time, it will be a disastrous bubble. "

 "Hmph, bastard, he said it was a bubble many years ago. If you don't want inflation, you should control the currency supply.

 Now this way of playing, besides greatly increasing the national debt, I can't think of any other means. "

 Or if the level is different, Al Gore made the problem clear with a few simple words.The next time is a serious fiscal deficit.

 You see, the Star Wars project needs money, and the health care reform they came up with here also needs money.These two bottomless pits do not know how to fill them up.

 However, it is useless to understand, the wheels that are rolling forward can no longer stop.Any force that tries to stop it will be easily crushed into slag.

 "Al, the high deficit seems irreparable.

 If, if there were taxes on the rich, what do you think? "

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