Chapter 1243 Currency War

When encountering setbacks, you need to remain appropriately calm. It's best to do less if you can. Ahem, it sounds simple. There are a few people in the game who can do it.

Overall, Julian Robertson is a rare investment genius. Well, it doesn't matter if you see a bubble. If you see it too early, you will be unlucky.

Before the Asian financial crisis, Greenspan warned of the Internet bubble. If you are a fan or student of this guy, at the very least, you will miss a wave of raging market trends. If it is more tragic, then Julian Robertson is now.

Can you say he made a mistake in judgment?

Not only was he unable to do so, William White was even somewhat impressed. He even looked forward to whether this guy could be captured and used as a coolie if he lost all his money.

If you are not a time traveler, people will never know how far away you will be. If such a guy is used properly, its value is unlimited.

“Charlie, how are the Euros doing these days?”

“The regional situation is tense, the fluctuations are not too severe, and it has declined slightly.

However, White Fund is selling U.S. Treasury bonds. Haha, Mr. Richest Man seems to be very optimistic about the future of Europe. "

"Well, it shouldn't be." Buffett scratched his head. He didn't believe William White didn't know about the tense situation in Europe.

only……

"Yes, some people don't understand. It's easier to sell Japanese bonds. The price rose from 150 to 115 now. This is profit taking.

U.S. debt? "

Buffett was naturally not the only one who was dizzy. Looking at the report in his hand, Greenspan's head was as big as a bucket. Saving Brazil is easy to say, but a large amount of capital is returning to the United States. If this continues for a long time, it will be difficult to avoid inflation.

"Alan, you can't hesitate any longer. If you want to guide people to consume, they won't be obedient."

Greenspan could not refute Paul Volcker's words even if he wanted to. The continued decline in new housing data indicates that few people are buying homes.

In William White's view, it is basically impossible for a real estate speculator group to exist in a place where property taxes are levied. Of course, this is talking about the property taxes in the United States and Japan, but the kind in Xiangjiang is not acceptable.

“Paul, a rate increase is necessary.

But at this time?

If nothing else is said, Mr. President will definitely not be satisfied. "

"Humph, why should the Fed be satisfied with how the Fed does things? Besides, this guy still has time to take care of this. He might go home in two days.

The strong position of U.S. swords must be ensured. "

"This is natural. It is inevitable to raise interest rates. I will consider the specific amount of increase."

Paul Walker sighed secretly and said nothing more. He advocates getting the job done in one step. However, if he is not in his position and does not plan his political affairs, he will give you face and chat with you. If you boss him around, people may not really buy it.

Looking back now, the financial attack launched by Yingjiang actually outweighs the gains and losses. It is true that various countries are increasing their foreign reserves of US dollars, but the resentment in people's hearts cannot be easily forgotten.

It is not just something to say casually. You see, aren’t central banks in various countries happy to see the emergence of the euro?

We can't beat you on our own, so there's nothing wrong with forcing a big-headed guy to fight you.

If one day, the beautiful sword is really useless. Don't worry, there's a crowd of people waiting to throw rocks down.

"Did it go down again?"

"I'm sorry, president, this year's spring order fair did not meet the target."

"Assholes, those damn politicians. By the way, how was the inspection trip to Southeast Asia?

Bastard, why are you hesitating? The company hasn't closed down yet. "

Yamada works for a small electrical appliance company. Of course, as a graduate of Waseda University, his original company was pretty good.

It's a pity that Japan's bubble economy burst, followed by the Asian financial crisis, and the securities company he originally worked for finally went bankrupt.

Although my current job only earns 300,000 yuan a month. However, the mortgage that could never be repaid made him unable to stand up straight.

"I'm sorry, President, the situation in Southeast Asia is not good. Land and taxes are moderate, and workers' wages are not high.

However, their laziness is somewhat unexpected. If possible, it’s better to go to Rabbit Country. "

"Tsk, rabbit country? Let me think about it again."

The conversation between the two is just a microcosm of many small and medium-sized enterprises in Japan. Sudden exchange rate changes mean that the price they depend on for survival no longer has any advantage.

It's interesting to say that small Japan is also very interesting. The more so-called international companies, the less important they are. Since Japan is not suitable for production, just close the factory and disband the employees.

However, these small companies will consider the livelihood of their employees. If that's not the case, don't bother investigating. It doesn't matter where it is, it's much better than Japan anyway.

For today’s electronic products, the so-called brand premium is actually not that obvious. For European and American consumers, those enthusiasts will definitely not buy anything made in Japan.

Then, apart from these people, other ordinary consumers are very price-sensitive. The products I could buy for a hundred dollars now cost you 120 or more. Sorry, Smecta's stuff seems to be pretty good too.

The unemployment rate has surged, the property market has continued to plummet, and no one is interested in the securities market. Faced with such a predicament, it is very strange that the politicians in Japan seem to be a little happy to see the results.

It is said that Japan likes to learn from eagle sauce, but don’t mention it. The reason why they are so numb now is that they are also taking the road of de-industrialization.

Is this a wrong choice?

In fact, there is really no such thing. Similar to the United States, the dividends of the baby boom have been wiped out. Without very extreme policies, negative population growth is simply irreversible.

This is the case in a low-desire society. You can just watch the happy life of having children on TV. For ordinary people, this is too far away.

“Boss, expectations for interest rate hikes are indeed increasing, but the euro does not seem to be the most stable.

In order to balance investment, the think tank believes that the safest investment is to buy gold. "

"Okay, raise interest rates? I want to see how much they raise it. Or they just issue a large amount of government bonds. Otherwise, an era of severe inflation will come and it will be irreversible."

Filson's suggestion was actually in line with William White's ideas. It is not convenient for him to buy physical gold on a large scale, but if he invests, paper gold is not a bad idea.

Regarding gold, he has a tacit understanding with the Federal Reserve Bank of America. In other words, there is a tacit understanding with Greenspan.

However, these are only verbal agreements. If anything happens, you can immediately renege on them. Such a thing as moral integrity has never appeared in William White's dictionary.

"The yen appreciates, the U.S. dollar raises interest rates, and the next economic direction is indeed chaotic. Our think tank has unanimously determined that inflation is irreversible."

"Oh, these damn bastards, are you saying this is a hedging transaction to increase the yen?"

"Yes, boss, it is not obvious now. If the Japanese yen can be relatively stable, the amount of this kind of transaction will reach a very exaggerated level."

William White nodded, accepting Philson's statement. He actually knew very well that Japan's ancient plutocrats relied on this kind of transaction to maintain their families' operations.

The Japanese really like to save money. Even if there is no interest, they will deposit the money in the bank.

Without suitable investment channels, the money would directly enter the American financial system after being transferred.

You see, the Federal Reserve Bank of America is fully fed. Since you are worried about inflation, why bother to bring down Japan's financial system? Well now, let’s enjoy the bubble era together.