When encountering setbacks, we need to keep calm. If you can, it's better to reduce the operation. Keke, it's easy to say. There are several people who are in the game who can do it.
On the whole, Julian Robertson is a rare investment genius. Well, it doesn't matter if you see the bubble. You see it too early, but it's unfortunate.
before the Asian financial crisis, Greenspan hinted at the Internet bubble. If you are a fan or a student of this guy, at least, you will miss a wave of booming market. If you are more sad, Julian Robertson is now.
Can you say he misjudged?
Not only can't, William White even has some admiration. He even looked forward to it. If he lost all, could he catch him as a coolie.
If you're not a passer-by, people don't know how many streets to dump you. If you use such a guy reasonably, its value is unlimited.
"Charlie, how about the euro these days?"
"The regional situation is tense. The fluctuation is not violent. It's a slight decline.
However, white fund is selling US Treasury bonds. Hehe, Mr. richest man seems to be very optimistic about the future of Europe. "
"Well, it shouldn't be." Mr. Buffett scratched his head a little. He didn't believe that William White didn't know the tension in Europe.
It's just
"Yes, some people can't understand it. It's easy to say that selling Japanese bonds, 150 up to 115 now, is profit taking.
"American debt?"
Naturally, it's not only Warren Buffett who is dizzy. Looking at the report in his hand, Greenspan's head is as big as a fight. Saving Brazil is easy to say, but a lot of capital flows back to the United States. If it goes on like this, it will be difficult without inflation.
"Alan, don't hesitate any more. If you want to guide people to consume, they won't be obedient."
As for Paul Volcker's words, Greenspan could not refute them. The continuous decline of new housing data shows that no one has bought a house.
In William White's view, there is no real estate speculation group in the place where the real estate tax is levied. Of course, this is the property tax in the United States and Japan, but not in Xiangjiang.
"Paul, it's necessary to raise interest rates.
But at this time?
If nothing else, the president will not be satisfied. "
"Hum, he doesn't need to be satisfied with how the Fed works. Besides, he still has air traffic control. Maybe he will go home in two days.
We must ensure the strong position of MeiDao. "
"It's natural. It's inevitable to raise interest rates. I'll think about how much more."
Paul Volcker sighed and said nothing more. He is in favor of one-step approach. However, if he is not in his position, he will not pursue his own policies. He will give you face to talk with you. If you dictate, people may not buy it.
Now, looking back, the financial crackdown launched by Yingjiang is not worth the loss. It is true for countries to increase their foreign reserves of US dollars, but the resentment in people's hearts can not be easily forgotten.
It's not easy to say that there are many ways to help but few ways to help. You see, central banks all over the world are happy with the emergence of euro?
We can't fight by ourselves. We can fight with you with a big head. It's no problem.
If one day, MeiDao will not work. Don't worry, there are a lot of people waiting to throw stones down.
"Is it down again?"
"I'm sorry, President, the spring order meeting this year didn't meet the target."
"Asshole, those damned politicians. By the way, what's the situation of going to Southeast Asia.
Asshole, what are you doing? The company hasn't closed yet. "
Yamada works for a small electrical company. Of course, as a graduate of Waseda University, his original company is not bad.
is just a pity that the bubble economy is shattered, and this is followed by the Asian financial crisis.
Now this job, although the monthly income is only 300000. However, the mortgage, which was never paid off, made him unable to straighten up.
"Sorry, President, the situation in Southeast Asia is not good. Land and taxes are appropriate, and workers' wages are not high.
However, their laziness was unexpected. If you can, you'd better go to rabbit country. "
"Tut, rabbit country? Let me think about it again. "
The conversation between them is just a miniature of many Japanese SMEs. Sudden changes in the exchange rate, so that their survival price, no longer have any advantage.
It's also interesting to say that Japanese companies are more so-called international enterprises, less so-called. In Japan, since it is not suitable for production, the factory should be closed and the employees should be dismissed.
But these small enterprises will consider the livelihood of their employees. If not, you don't have to study any place. Anyway, it's much better than Japan.
Nowadays, the so-called brand premium of electronic products is not so obvious. For European and American consumers, those enthusiasts are determined not to buy Japanese made products.So, apart from these people, other ordinary consumers are very sensitive to the price. I used to be able to buy goods for $100. Now you need 120 or more. Sorry, Smecta's Dongdong seems to be good.
The unemployment rate soared, the property market continued to fall, and there was no interest in the securities market. Faced with such a dilemma, it is very strange that Japanese politicians seem to be a little happy to see its success.
It's said that Japanese like to learn Eagle sauce. You don't have to say that the reason why they are so numb now is that they are taking the road of industrialization.
Is this the wrong choice?
In fact, it's not. Similar to the United States, the dividend of baby boomers has disappeared. Without very extreme policies, the negative growth of population is irretrievable.
Such is the low desire society. You can watch the happy life of having children on TV. It's too far away for ordinary people.
"Boss, the expectation of interest rate increase is indeed increasing, but it seems that the euro is not the most stable.
In order to balance investment, the think tank believes that the safest investment is to buy gold. "
"Yes, raise interest rates? I see how far he goes. Or issue a large number of treasury bonds, otherwise, the era of serious inflation will come, and it will be irreversible. "
Filson's suggestion is in line with William White's idea. It's not convenient for him to buy physical gold, but if he invests, paper gold is not bad.
As for gold, he is a good friend and has a tacit understanding. In other words, we have a tacit understanding with Greenspan.
However, these are just oral agreements. Once something happens, you can go back on it immediately. This kind of thing will never appear in William White's dictionary.
"With the appreciation of the yen and the increase of US interest rates, the next economic trend is really chaotic. Our think tanks unanimously determine that inflation is irreversible. "
"Ah, these damned bastards, do you mean that they are going to increase the hedging of yen?"
"Yes, boss, it's not obvious now. If the yen can be relatively stable, the amount of this transaction will reach a very exaggerated level."
William nodded with a smile and accepted what phelson said. In fact, he is very clear that the ancient Japanese plutocrats rely on this kind of transaction to maintain the operation of the family.
I really like to save money, even if there is no interest, they have to put money in the bank.
If there is no proper investment channel, the money will directly enter the financial system of the United States.
If you are worried about inflation, why should you bring down Japan's financial system. Now, let's enjoy the bubble era.
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