Rebirth of the Financial Crisis Sweeping the World

  Chapter 325 325 The global central bank cuts interest rates! The stock market is still falling!

  Time passed slowly.

  Wang Guanxi and others were drinking tea and chatting in the office and playing chess.

During   , a lot of big news appeared.

  【China Central Bank cuts the deposit reserve ratio and benchmark deposit and loan interest rates】

  The People's Bank of China decided to lower the RMB deposit reserve ratio of depository financial institutions by 0.5 percentage points from October 15, 2008.

  Since October 9, 2008, the one-year RMB deposit and loan benchmark interest rate will be reduced by 0.27 percentage points each, and the benchmark deposit and loan interest rates of other maturity grades will be adjusted accordingly.

  Wang Guanxi was shocked: "Then the interest rate will be cut"

  The interest rate cut so fast means that we are about to release the water. After a while, the real estate in the mainland will be able to buy the bottom.

  In early November, Wang Guanxi planned to go to Lushi to start the layout. He hopes to buy a few buildings when the real estate prices are lowest.

  First-tier cities, Lushi, Shenzhen, and Guangzhou all have to buy buildings.

   And his six horses Zhang Huiming, Qian Mingyuan, Jia Baowei, Jin Xu, Pastor Brandt, Willer Hess and others have already taken the first step in the layout.

  At the beginning of November, he will go to the mainland for layout!

  At this time, Huang Shaokai said: "BOSS, interest rates have been cut, this stock market is afraid that there will be a big market."

   Zhang Dexi said: “This stock market has fallen too sharply and needs stimulation”

   Wu Zhankun: "The Bank of Australia cut interest rates not long ago, and now the China Central Bank also announced a rate cut, really fast"

  Wang Juehao pondered for a moment and said: “If central banks around the world cut interest rates, the stock market will surely surge, which is not good for us.”

  Bai Weiqiang suddenly said: “It’s not necessarily. The stock market is getting worse and worse, and the economy is getting worse. The central bank will only cut interest rates, but the interest rate cut will not immediately change the economic situation. The economy should worsen or it will worsen.”

  At this time, the news came again.

  【Russia will inject 950 billion rubles into banks】

  In order to alleviate the lack of liquidity of funds, Russia will inject a total of 950 billion rubles into banks.

   "It seems that the major central banks around the world will cut interest rates soon." Wang Guanxi put down the tea cup hard, breathing a little bit shortly.

  As a big short in the stock market, if the major central banks cut interest rates, the stock market will definitely rise sharply, but it is uncertain for a few days to rise.

  Wang Guanxi is a big short in the stock market. Such news is very unfavorable to him.

  Time passed slowly.

  The panic news is here again.

  [Iceland raises the red alarm, the European financial crisis continues to escalate]

  The Wall Street "financial hurricane" that is migrating to the European continent has been escalating recently.

  Iceland, which has been hit hard by this round of credit crisis, took the lead in sounding the alarm.

  Faced with the liquidity crisis in the domestic banking industry and the continued collapse of the local currency, Iceland urgently announced three major measures: reforming the exchange rate system, taking over the domestic large banks, and seeking US$4 billion in loans from Russia.

  Wang Guanxi couldn’t help but said: “Iceland is going to go bankrupt in the future”

  Iceland’s financial industry suffered heavy losses in this global credit crisis. The exchange rate of Iceland Krona against the Euro has shrunk by 30%, and its external debt has exceeded 138.3 billion U.S. dollars, while its GDP is only 19.37 billion U.S. dollars. Iceland faces the danger of "national bankruptcy".

   Wu Zhanhai couldn’t help saying: "BOSS, you can start some businesses in Iceland at that time"

  Wang Guanxi nodded: "Well, in the future, I will buy a few pieces of land in that place to build a summer resort."

  Summer is very hot. When Wang Guanxi and others are fine, they can go to the summer resort built in Iceland for vacation.

  This is really good.

  But now it’s important to make money.

  [Fed may cut interest rates]

  【U.S. pension assets lost nearly US$2 trillion due to subprime mortgages】

  The US Congressional Budget Office issued a report saying that due to the deepening of the credit crisis on the financial market and the US economy, pension assets have fallen by at least US$1 trillion in the past year and a half, and losses may be as high as US$2 trillion.

  As most pension assets are held in the form of stocks, the decline in stock prices has had a significant adverse effect on pension plans.

  Wang Guanxi: "Maybe I have to cut interest rates tonight"

  Huang Shaokai asked: "BOSS, will the stock market soar a lot tonight?"

  Wang Guanxi: "Not necessarily, but the news is really bad for us."

   Wu Zhankun: "I hope the stock market will rise first and then fall"

   Zhang Dexi: "It must be like this"

  Wang Juehao: "The economy is so bad, the pension is lost so much, and the Americans have no pension money."

  Bai Weiqiang: "If the interest rate is not cut tonight, it will definitely fall sharply"

  Wang Guanxi said, "Let’s go, go to dinner first."

   Soon it was night.

  After Wang Guanxi and others had dinner, heavy news came.

  【U.S. pension assets lost nearly US$2 trillion due to subprime mortgages】

  [Britain and the United States beat the six major central banks to jointly cut interest rates by 50 basis points]

  The Federal Reserve announced a 50 basis point rate cut to 1.5%.

  The European Central Bank announced a 50 basis point rate cut to 3.5%.

  The Bank of England announced a 50 basis point rate cut to 4.5%.

  The Bank of Canada announced a 50 basis point rate cut to 2.5%.

  The Riksbank announced a 50 basis point rate cut to 4.25%.

  ··

  Because the Fed and other multinational central banks simultaneously cut interest rates by 50 basis points before the US stock market to ease the impact of the credit crisis on the financial market, US stock index futures rose first and then fell, with violent fluctuations.

  The U.S. stock index futures are different from stocks. The stock index futures are traded almost all day.

  As of 8:50 am Eastern time (8:50 pm Hong Kong time), S&P 500 index futures fell 3.6 points to 992.6 points.

  Nasdaq 100 index futures fell 8.25 points to 1328.25 points.

  Dow Jones Industrial Average futures fell 62 points to 9476 points.

  Currently, there are still US$2.064 billion in funds in the black shirt hedge fund account, which are planned for Exxon Mobil and Chevron.

  Both companies are among the top ten giant energy companies in the world, and they are well-known in the world, and they are both fortune 500 companies. This Exxon Mobil company has even been ranked in the top ten of the world’s top 500 for a long time.

  The current market value of Exxon Mobil is $319.2 billion.

  The market value of Chevron Oil Company is 151.5 billion US dollars.

  Wang Guanxi originally wanted to divide the US$2.064 billion to buy the shares of two energy giants, but after thinking about it, it is better to focus on one, and which one is still uncertain.

  Then Wang Guanxi said: “Go and find out which financial institution that owns the stocks of two energy companies wants to sell the stocks of the two companies. Let’s buy them at the market price.”

UBS, Morgan Stanley, Deutsche Bank, Mitsui Bank, Daiwa Bank, Sumitomo Bank, Shinshin Bank··· Bridgewater Fund, BlackRock Group, Blackstone Group, Malaysia Public Bank, Indonesia’s Central Asia Bank·· ······All of them.

  "Yes, BOSS" everyone started calling again.

   Soon the US stock market opened.

  The stock market rose first and then fell.

  The sad thing is that it didn’t rise much, and it didn’t fall much.

  U.S. stocks have fallen for six consecutive days

  Citibank’s share price fell to $147 per share.

  Wells Fargo’s stock price rose to US$32.

  Bank of America's stock price fell to $22 per share.

   And Exxon Mobil's stock price fell to $74 per share.

  It’s a pity that no institution is willing to sell Exxon Mobil’s stock to the Black Shirt Group at the market price, which is obviously optimistic about the follow-up Exxon Mobil’s stock price.

  October 9th, Thursday, afternoon.

  Huang Shaokai: "BOSS, UBS, Morgan Stanley, Deutsche Bank demanded a premium of 10% before they were willing to sell ExxonMobil's stock to us"

  This Exxon Mobil company often pays dividends, dividends are very high, and the stock price is also strong. They do not intend to buy. If they really buy, they must pay a premium of 10%.

   Zhang Dexi also said: "Mitsui Bank, Daiwa Bank, and Sumitomo Bank said they would not consider selling Exxon Mobil Corporation."

  "Malaysian Public Bank, Indonesia's Central Asian Bank has not responded to us yet"

  Wang Guanxi: "Then we will buy it in the market"

   "Look at what happened tonight!"

   "These six central banks cut interest rates, and the US stock market fell last night, indicating that the stock market is very weak now"

   "If the stock market crashes tonight, we may be able to buy Exxon Mobil Corporation!"

  This time the six major central banks cut interest rates, the stock market still turned and fell, indicating that it will continue to fall.

  If Exxon Mobil’s stock price also plummeted tonight, it may be possible to buy bottoms.

   "Yes, BOSS!" Everyone was very excited.

   Soon it was night.

  The U.S. stock market continued to fall sharply.

  Wall Street Journal: The Dow fell below 9,000 for the first time in 5 years

  U.S. stocks opened higher and lowered on Thursday night and closed at their intraday lows. They have fallen for the seventh consecutive trading day.

The late dive caused the Dow to drop below 9,000 points for the first time since August 2003, and GM's stock price even hit a record low since 1950.

  Associated Press: The Dow Jones Industrial Average fell by 678.91 points to close at 879.19 points, the third largest drop in history, with a decrease of 7.33%.

  Goldman Sachs Bank: Some indicators of the credit market have shown signs of improvement in the past two days, but they are not enough to stop the stock market from falling.

  As the Standard & Poor’s rating agency threatened to downgrade General Motors’ credit rating, General Motors fell 31.1% to US$4.76. This is the first time the stock has fallen below US$6 since 1951.

  The next day, on the morning of October 10th, Wang Guanxi got up very early and ate breakfast. The horses reported to him.

   Wu Zhanhai excitedly said: “BOSS, Citibank’s stock price fell to $133 per share.”

  No. 2 Fund holds 5 million short positions, with a position of 213 US dollars per share, a floating loss of 400 million US dollars on the book, and a net worth of up to 1.42 billion US dollars.

  Li Guangyu said with great excitement: “BOSS, Wells Fargo’s stock price has fallen to 27 US dollars per share”

  No. 3 Fund holds 100 million shares of Wells Fargo Bank’s short position, with a position of 40 US dollars per share, a floating profit of 1.3 billion US dollars, and a net account value of up to 4.7 billion US dollars.

  Lu Jianyan happily said: “Bank of America’s stock price has fallen to $20 per share.”

  The No. 4 fund shorted 40 million shares of Bank of America, with a position of US$38.00 per share, a floating profit of US$720 million, and a net account value of US$2.24 billion.

   "Very good!" Wang Guanxi was very happy, and then asked, "What about Exxon Mobil's stock price?"

  Last night they had planned to buy ExxonMobil, but they temporarily changed their minds.

   Guan Zhenyi said: “BOSS, Exxon Mobil’s share price plummeted, from the highest of 77 US dollars per share to 68 US dollars per share”

  Exxon Mobil’s stock price finally plummeted last night.

  Because crude oil plummeted last night.

  Currently, there are still US$2.064 billion in spare funds in the black shirt hedge fund account, intending to buy the stock of Exxon Mobil Corporation.

  However, it fell too sharply last night. They temporarily changed their minds and continued to wait until Exxon Mobil’s stock price fell below $60.00 per share.

  Wang Guanxi said: "If the stock market drops again tonight, we can buy the bottom of ExxonMobil."

  This time, Exxon Mobil is to make a quick cash, and then take the money back to buy the shares of Fujitsu Group.

  Nothing is more profitable than buying Fuji Xun Group stocks now.

  While the U.S. stock market plummeted last night, when the Hong Kong stock market opened today, the stock price of Fuji Xun Group must have also plummeted.

  Of course, the Hang Seng Index will also fall.

  Hong Kong's HSBC stock price will also fall.

  Currently, Wang Guanxi’s No. 1 Fund is still shorting the Hang Seng Index.

  Black Shirt Insurance is still shorting the Hong Kong and Shanghai Banking Corporation.

  Wang Guanxi hopes that the stock market will continue to fall sharply.

   "The Hong Kong stock market is about to open soon, I'm watching it!"

  After Wang Guanxi left the trading room, he wanted to continue to rest.

   "Yes, BOSS!"

  ··

  At this moment, in the trading room of the Imperial Bank Building of India, it was frustrating and sad.

Because the U.S. stock market fell sharply last night, it made Nehru, Sundeep Batra, Ratan Tata, Feroz Sanhavi, Anand Mahindra, and Rajuslov, The seven people including Gilayu Amin were very unhappy.

   Nehru scolded: "TM's, this has all cut interest rates, and the stock market has fallen sharply!"

  Sundep Bartra: "Grass, this **** rate cut, why is the stock market still falling?"

  Ratan Tata: "Let’s wait, the benefits brought by this interest rate cut may be effective in a few days."

  Feroz Sanhavi: "That's right, I think so too. With the interest rate cut, there is so much money in the market. Where else can the money go? It must be in the stock market."

  Nand Mahindra sighed; “This time let the people of the Black Shirt Group make money again. For TM, Wells Fargo’s stock price fell to 27 US dollars per share, I’m really not reconciled.”

  Gilayu Amin also said: "The stock price of Bank of America has fallen to $20 per share, and I have suffered a miserable loss."

  Lajuslov also sighed: "I hope that the Hong Kong stock market will open, and the HSBC stock price will not fall too much."

  The seven are now like a bird with a bow, and they can’t be panicked all day long.

   Soon the Hong Kong stock market also opened.

  Hang Seng Index gapped again!

  Open at 15100!

  Yesterday afternoon, the Hang Seng Index closed at 15600, but I didn’t expect it to gap 500 points today!

   "Oh my God, open at 15100!"

"Ruined!"

   "I'm paralyzed, I hunted the bottom yesterday, but I sold out today"

   "I hate it!"

   "Damn it!"

  "If you knew it, just listen to the analysis of the Black Shirt Investment Bank"

   "I'm paralyzed, I really lost my life"

   "I don't know how much money the Black Shirt Investment Bank made this time"

   "Well, the black shirt insurance company shorted HSBC, and the stock price of HSBC will also plummet today."

  "HSBC's stock price has already begun to plummet"

   "No, the HSBC stock price has gone up again"

   "Fuck, someone is hunting down"

   "Oh my God, the Hang Seng Index is still falling, and it is about to fall below the 15,000 position"

  I saw that the Hang Seng Index continued to fall.

  14950

  14900

  14860

  ··

  　 is going to change the title of the book.

  　　 changed to rebirth, the financial crisis swept the world

  (End of this chapter)