Rebirth 79: I opened a bank in the United States

The council takes the lead in organizing activities to make teachers and students happy.When teachers and students are happy, they will create consumption, so that some student associations can make money; when the associations make money, the council can draw profits from it as operating expenses, and these associations will also be reunited under the banner of the council to serve each Class activities provide content support.

This is a cycle model of the campus economy within the "student self-government" American university.As the coordinator of all this, the council undoubtedly plays the role of "referee" and "pusher".

In the busy process, Carter is also contemplating how to further highlight the role of the council, or in other words, let his own council team better drive the association to make money!

The club makes money, which means that the students in the club can share the money.And money is profit, the most tangible benefit!
If you want to win people's hearts, let the mainstream of Yale revolve around your own ideas, develop the economy, and let all students get benefits, this is the most fundamental route!
The first step is to win the hearts of the council, the next step is this
Plan it, then execute it.don't want
After the busy freshman season, when everything was just starting to get on track, Carter just wanted to recreate Yale festivals or events outside of traditional Yale festivals or events, such as Fall Festival, First-year snowball fight, Spring Fling, etc. When some festivals were held to boost consumption and speed up the cycle of the economy, a sudden piece of news disturbed Carter's mind.

Carter remembered that it was a day in late September.
Lee Morgan, president of Caterpillar, released a report titled "The Contradictions of the Dollar and Yen—Existing Problems and Solutions," pointing the finger at Japan.
"The value anchor of the yen is extremely unreasonable! We have never lost on products, and Caterpillar has the best construction machinery in the world! But we can't withstand the blow of a price war!"

"The unreasonable value of the yen allows those Japanese to sell the same product cheaper than us, but the actual cost is not lower than ours! All this is the result of an abnormal exchange rate, the exchange rate of 1:240 , at least it is more reasonable to adjust it to 1:200!"

Watching the TV, the president of Caterpillar talking eloquently, Carter even stopped working on the proposal.staring straight at the TV screen
What the hell is this report? Carter has never heard of it in his previous life.But this content.
Inexplicably familiar!
While reprimanding the unreasonable impact of the low yen on the U.S. market, the Morgan president also claimed that the reason why Caterpillar's products were losing ground in the market was that they were being suppressed by Panasonic and Hitachi. because they took advantage of the exchange rate
For the same goods worth 240 U.S. dollars, Caterpillar can only get 100 U.S. dollars, while the Japanese can get 40 million yen.However, the yen only needs to cost [-] million yen in their domestic production costs.According to the idea of ​​the Morgan president, under the condition of maintaining the same profit margin, that is, the proportion of production cost to selling price is exactly the same, the Japanese guys have obtained a profit margin of [-] yen out of thin air.
The same product in disguise, as long as the Japanese give up this part of the profit margin, they can sell it in the US market at a price of about 8000 US dollars!

Raise the value of the yen, isn't that what the Plaza Accord should do? !

"Finally someone said this. Now Japanese goods are everywhere around me. The government should really take care of it!"

"No wonder we have such a high unemployment rate now, and our American businesses can't make money"

"I'm talking about why Japan has developed so fast in recent years, but their exchange rate is still so low. It turns out that this is intentional by the Japanese government! Mr. Morgan is right, Japan should indeed let the financial market open, and everyone competes fairly! "

The council students who also saw this scene immediately talked about it.

In an era like 83, when the US-Japan trade deficit reached tens of billions of dollars, who is not surrounded by Japanese products?

Just like in the future, Americans will be inseparable from "made in China". Whether the business is successful or not has nothing to do with the daily life of most Americans.For them, there are high-quality and cheap products, who cares which country you are made in? !

This is Yale, the students generally have not suffered much hardship in life, so they can sit in this spacious and bright building, pointing fingers.
"Okay! Don't talk about it. How to adjust the exchange rate is not something we should pay attention to. Davis, you go to coordinate the route of the campus bus. Don't forget that we still have [-] students living off-campus. Due to the route I will communicate with the school to solve the extra fuel consumption caused by the extension, so that they can expel the new shift as soon as possible!"

Knocking on the table, Carter recalled everyone's distracted attention.The inner horror is inexplicable, but the surface is still calm and composed to arrange one thing
And when things were arranged, Carter couldn't help it!

"Rick, that Caterpillar company, you know?"

"What do you think?"

Looking at Carter, who looked hurried and even a little anxious, Rick couldn't help but rolled his eyes when he heard this question while being puzzled:

"We are one of the largest construction machinery manufacturers in the United States, do you think I, a person who takes machinery as a major, don't know?!"

"Any data on them? Commercially, I mean."

Carter realized he had asked a stupid question, not to mention that Rick would know about the company.I actually know that, after all, DOG Construction Engineering has purchased their products
"What happened to this? I don't have any details yet, but I know they haven't had a good time in the past few years. Not to mention a lot of layoffs, they also opened a new equipment rental company this year. It seems that the products are not selling well. Well, we can only make some money by renting out the equipment first.”

"Didn't you read the news? Today they publicly bombarded Japanese companies, saying that they are using the price advantage brought about by the unreasonable exchange rate difference to engage in unfair business competition in the United States."

"It seems that they are being pushed into a hurry. In Caterpillar's speech, in addition to asking for exchange rate adjustments and strengthening Japan's financial supervision, it even said something like 'the Japanese government should spend more of its surplus funds on the housing market'!"

"It's almost like I don't know what to say. An American company actually publicly asked the Japanese government what to do."

It's easy to say, but Carter's heart is not at all easy
This seemingly funny sentence is what really makes Carter's hair stand on end.
Is it a coincidence?

still is
What did Caterpillar really do so that Japan later transferred a large amount of funds to the property market? !
When I heard it suddenly, you, an American company, said that you let Japan spend a lot of money on real estate, and they just poured money on the real estate market?It sounds ridiculous!Who the hell are you? !
However, in the future, Japan's property market
In Carter's impression, the Japanese real estate market began to take off, and it seems that it has always been the impact of the Plaza Accord, including the growth of the real estate bubble also came from the Plaza Accord.

But here, two years before the Plaza Accord was issued, this Caterpillar report seemed to be a prophecy:
It not only said that Japan should open up the financial market, the yen should be in line with internationalization, the value of the yen should follow market principles to recover to a reasonable range, fair competition, but also that Japanese funds should be used in the real estate market.
All of these will be fulfilled in the future!
Yen has indeed appreciated!Yen has indeed internationalized!Japan's financial market is also open to overseas!Not to mention, the face value of that Tokyo real estate can buy out the real estate bubble in the entire US real estate market.