Rebirth started from educated youth in 1977

In the first month, as in previous years, I was still busy with New Year greetings.

People are accumulating day by day, and the number of people who want to pay New Year's greetings is also increasing day by day. This year, it will not stop until the twelfth day of the first lunar month.Just as he was about to take a break, Wang Jiansen called and said he was coming to pay him New Year's greetings.

It is a new thing for Wang Jiansen to come to the old foreign house to pay New Year's greetings. In previous years, everyone gathered together at Lai Biao's place on a free day. At the dinner table, they paid New Year's greetings to each other. What happened this year?
No matter what, since people want to come, they have to make arrangements.

The Isshiki dried fruit snacks that have been put away are taken out again, and the ingredients that need to be soaked in advance are also soaked first.

A pass busy.

At 03:30 in the afternoon, Wang Jiansen came over.He was not alone, and his son Wang Dali was by his side.

In 2015, the stock market was like flowers blooming, and the Shanghai Composite Index hit a new high, rising to 5178 points.Myths about how the stock market creates wealth are spread in offices, restaurants, squares, and even mobile phone film booths. 15 yuan is used to attract customers to stick film, and then [-] yuan is pushed to friends to get it done. The blind fortune teller talks about the stock market.

At that time, the enthusiasm of the whole people for stock trading was pushed to the climax, and myths were spread everywhere. My wife’s colleague’s brother made 10,000+ in the stock market. A friend of mine bought a stock that tripled, and my neighbor ...

Humans always seek advantages and avoid disadvantages, and they have to show some face. When making up stories, they will extend from close people and choose a protagonist who is not far or close. Too far is hearsay, and too close will involve interests. It is easy to get burned.

In short, all kinds of true, false, half-true and half-false wealth stories are spreading, making everyone's heart itch for those who have traded in stocks or not. The calm and breezy cloud in the wild was also stirred up.

The bottom-hunting king who hides in the bathroom to rub people's backs; others laugh at him as crazy, but he laughs at the short-term stock god who can't see through and wanders among the trash cans; A trader; I had a little misunderstanding with the Economic Investigator, and I went away to Bawangzhuang in other countries in order to settle the matter and make peace.

The heroes from all walks of life have returned, and the stock market is about to make a comeback.

Big A shares, hero land, wind and cloud land, a piece of leek land where you can get money as long as you are willing to bend down.This is the consensus of people with senile dementia, middle-aged dementia, and young people with dementia. They eat scrambled eggs with leeks, leek boxes, and roasted leeks. Borrowing the power of superstition and fantasy, they stare at the K-line on the screen. I had a nightmare, dreaming that I was forced to work and had to harvest hundreds of acres of leeks.

This is a carnival for stockholders, and it is also a gluttonous feast of capital. The allocation of funds on and off the market is very enjoyable. A large amount of leveraged funds are poured into the stock market, and the leverage ranges from 1:1 to 1:8. There are all of them. It is said that the allocation of funds at that time was as huge as 5 trillion yuan, reaching one-tenth of the total market value of the stock market.

Some of the sources of funds were funds obtained from banks through umbrella trusts, some were private funds, and some even borrowed from P2P platforms. The prosperity of the stock market at that time also created the prosperity of P2P.

There are quite a few small investors who understand the simple truth of "If you don't manage money, money ignores you" and find that they can earn more than 2% profit in a month from stock trading. P[-]P platforms with "insider information" should be able to earn more , Therefore, they are very relieved to put part of their money on the platform, which is called not putting eggs in one basket.

Bulls and bears have always been Meng Bujiao, Jiaobumeng, where there are cattle, bears will definitely appear, and vice versa, but when the cattle go out, the bears will not follow immediately, but first go to the cattle's house to visit Niu's wife .

The high-leverage phenomenon in economic development has long been valued by the higher authorities. This time, the problem of high capital allocation in the stock market has not escaped the attention. An action to notify major brokerages to strictly investigate OTC allocation and suspend the new port of OTC allocation quietly Expand.

This action was not hidden from the big capital that stirred up the wind and rain in the stock market. Whenever there was a disturbance, all profit-making funds fled frantically, the bull market came to an abrupt end, and the index plummeted.

With this lesson learned, the higher-ups understood that deleveraging can no longer be done quietly, but should be made public with great fanfare. Therefore, in May of the following year, the higher-ups clarified the key financial tasks for the next few years-three to one Reduction and compensation: reduce production capacity, destock, deleverage, reduce costs, and make up for shortcomings.

As one of the key points of destocking, the largest high-stock industry is real estate.The real estate industry itself is a high-leverage and high-debt industry, just as Xu Mashi said, "One yuan of steel can do ten yuan of work."

High inventory means that real estate companies have insufficient liquid assets and excessive liquidity leverage, which is essentially two sides of high leverage.At that time, my country's real estate inventory was mainly concentrated in third- and fourth-tier cities. Due to the developed economy and continuous net population inflow in first- and second-tier cities, the inventory problem was not serious.

As the pillar of the national economy, the real estate industry affects hundreds of upstream and downstream industries. High inventory is a sword of Damocles hanging over the national economy.

How to dismantle the bomb, let the people who live in the house own their own houses, and enjoy the benefits of increasing housing prices, rely on the trick of destocking.Under the continuous stimulation of policies such as interest rate cuts, relaxation of purchase restrictions and loan restrictions, and the monetization of shed reforms, destocking in cities across the country, especially third- and fourth-tier cities, has exceeded expectations, and ordinary people are queuing up to buy houses.

Of course, the increase in housing prices is also very beautiful. During the period of 16-17, the cumulative increase was more than 60%. The real estate industry finally completed a shocking process of destocking, and this leverage has been transferred to residents like stars.

The guidance given to real estate companies from above is to deleverage, reduce high debt ratios, and reduce inventory. Some people listen to this opinion, and some people go against the wind. With housing prices rising so sharply, it is not wise to not take advantage of this opportunity to open more projects.

If you don’t use leverage, you’re trying to find ways to raise more funds. If you can’t get a new plot in a prosperous place, you’ll go to a remote place where the sky is high and the emperor is far away. The city and the holiday bay you set up a project have high ambitions, regardless of whether the local area can afford it. Digestion, only focus on the whole country and even foreign countries, swish swish swish, swish swish, as soon as the design drawing comes out, swearing and swearing, performing the miraculous skill of a clever woman cooking without rice all over the world.

Real estate companies are like gangsters strapped with explosives in the vast crowd, with their index fingers bent, shaking slightly, and shouting, "Come here!"

Who dares to go?
The main responsibility for the real bombing is not the gangsters. Although the political system determines that every ordinary person is the spiritual shareholder of the country, everyone has a share in good things, and naturally has to bear bad things, but there are some things that can be done quietly in the public It's not good to say it below.

However, if you cast a rat-proof weapon again, the problem that needs to be solved still needs to be solved. Sooner or later, the board will be shot. There is a lot of knowledge in making a board. "Kidnapping" can't solve the problem at all, it's nothing more than a delay.

There are people who are stubborn, and naturally there are people who take advantage of the slope to actively solve the problem.

Let’s just talk about Wang Jiansen. In the past few years, he was very high-spirited. He looked at the world with a small goal and joined the wave of real estate companies entering the world. "Old Money" all exclaimed: "Boss, really big, please accept my worship."