The communication with Warren Buffett is very pleasant, and the following horseman may not understand it, but William White and Warren Buffett are very clear.
The reason is very simple. We are in the same class. Even if William White has no inside information, he has already touched the threshold, or far exceeded it.
The class division of labor in the United States is very clear. It belongs to the top class, which is just a few families, either secret or furtive. One thing is clear. This class is fixed. They don't like or welcome any new blood.
Of course, money is very important, but money alone is not enough. Other people don't take you to play.
To put it simply, are Warren Buffett and Bill Gates good enough?
Let's put it this way, it doesn't even occupy the edge. Even today's William White is only recognized. If you want to join the game, one generation may not be enough.
Well, you can say that I'm not interested. I'm very good now. Why look at other people's eyes.
Maybe, you can think that the grapes you can't eat are sour, but you can't think that the beautiful women you can't soak are rubbish. Generally speaking, what you can't get is a good thing.
"Warren, this is crazy, interest rate reduction and devaluation. Can't we define them as exchange rate manipulation?"
"It's impossible. I'll tell you the truth. Peanut has a tacit understanding with them.
I just didn't expect them to be so cruel. "
"NIMA, Soros, can you get more cheap chips?"
"Yes, it's funny to think about it. If these funds are used to short Japan, I don't know what these guys look like."
"No, the Tiger Fund is already doing that. I heard that they have ready rice bags. "
Buffett speechless, it seems that the greed of these bastards, far beyond his understanding.
Reducing interest rates can really relieve the pressure of repayment. Generally speaking, it is a very good means of adjustment. If the economy overheats, you can raise interest rates and increase the cost of investors. If consumption is too low, you can lower interest rates and promote domestic consumption willingness.
Unfortunately, the Central Bank of Japan made a mistake. Overdraft consumption is not the mainstream in Japan. Reasonable use of interest free period, is the majority, only return the lowest part, after all, is a minority.
Japan is different from all developed countries in this respect. The popularity of credit cards is not high in Japan, and the proportion of overdraft consumption is even rarer.
Yes, after a painful lesson, Japan has entered a low demand society.
Don't talk about developed countries. They are unique in developing countries.
No house, no marriage, no children. Civil servants, who used to be unpopular, are now the target of young people. It's more important than anything to have a job that can guarantee the income from drought and flood.
As for entrepreneurship, don't joke. If they can't find a suitable job, they can go to the convenience store to do odd jobs.
In this way, the central bank's substantial reduction of interest rates actually made the consortia cheap.
It is impossible for enterprises that really need loans to get them. The bank is the biggest capitalist, and it is not a charity. If your loan interest rate is so low, who will be crazy to lend it to you.
See, under the banner of promoting consumption and reducing the burden on small and medium-sized enterprises, the money in the bank is given to international speculators in a flash.
It's actually good. Smecta is more interesting. In order to get rid of the intervention of the IMF, the people of Smecta have gone crazy. You can hardly see anyone wearing gold and silver on the streets of Seoul.
You know, like ah San, Smecta likes to tie a very thick gold chain. Now that it's gone, the strong sense of national pride will never allow the country to indulge.
In fact, the reason why the IMF regulates credit is for the sake of fairness.
Funny, as long as the IMF is dismissed, Smecta will return to its former consortium model. From this point of view, this actually cuts off the way for most people to advance.
In a highly monopolized country, it's useless for you to do any business. Even if you come up with a very good project, it will soon be incorporated by the consortium.
However, melon eaters like it. In their opinion, only by working together can Smecta's enterprises defeat the Japanese next door.
William White sighed that when he was a local tyrant in Japan and smecta, he was a winner in life. Your policies are aimed at the rich. Are you worried that they are earning too little?
"Don't you have to be so pessimistic, William? In my opinion, the impact on the United States is extremely limited. "
William White casually swing a shot, he is now in a good mood, of course, do not care to correct the three views of Buffett.
"Damn, it's another birdie."
"Ha ha ha, ha ha ha, you see, good people are always protected by heaven and earth.
By the way, what did you just say, pessimistic? I'm kidding. I'm very optimistic. Let me tell you something, if it wasn't for the rapid development of high-tech industry,You know what this time, the great depression, is worse than any other in history. "
"It's not like that. Are you a little alarmist?"
"Well, you'd better wait and see. You'd better pray. If the exchange rate of big rabbit also drops, I'm looking forward to the expression of those bastards."
Mr. Buffett shook his head, rather dismissive. He knows more than William White. Big rabbit will not depreciate. On this point, a group of guys here in Asia have talked about it for a long time.
According to the feedback from these guys, big rabbit is going to boost domestic demand. It's said that it's housing and automobile. Ha ha, these two are good things. Once they develop, they can drive hundreds of related industries.
Glancing at this, Gu talked about his old man, William White, laughing. Hey, hey, you old bastard, what kind of big tail wolf are you with me. Big rabbit's next step plan, my friends have known for a long time, I deliberately did not say.
Sometimes William White thinks that it may not be so bad to regard real estate as a pillar industry. At least, the foresight guy, personal assets will increase to a certain extent. In other words, it will soar to an incredible height.
No matter how high your salary is, no matter how you can do business, many people will not be able to give you 10 million.
However, in Beijing, Shanghai, Guangzhou and Shenzhen, if you sell one or two houses, 10 million is not an exaggeration.
What? You heard the brick house 99 years ago that the real estate bubble was so serious that it did not buy it.
Really, in addition to silence, I really can only express speechless. This thing did not boast without shame.
If you are engaged in economy, you don't look at history. If you are still engaged in economy, you are a brick family.
Well, since there is no management system for business cards, as long as you are thick skinned enough, you can really say, master, bricklayer, this thing is not very valuable. As long as the routine is deep, there will always be a fool to believe it.
it is very confusing that you have talked about the real estate bubble in the past 99 years. But how many times did the land and property in the Japanese market increase? Is this really comparable?
Also, Japan's land tax is the real killer. Before that, there was no big drop at all.
The house price is too high to sell, and the land price is too high for anyone to buy. Keep it. At least, from your financial statements, the company is profitable. If you sell it at a low price, you will run a serious deficit.
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