Chapter 1402 Never-Ending Money

Wool can only come from sheep, but pigs can pay for the wool. When it comes to interest-free shopping specifically, there is actually a problem here. If you are not a cardholder of White Bank, the interest-free period you can enjoy is only three months.

So the question is, White Bank did this because he is a junior in the banking industry. The capital adequacy ratio is very high, but unfortunately the reputation is too low. Things like banking take time to accumulate, so simply advertising a wave of ads is actually of no use.

Then the problem arises. If you do this, the price that the bank has to pay is too high. Even the manufacturer will bear part of it, but the interest for twelve months is definitely not a small number. You have to know that the interest rate on credit cards is very high, at least 10% or more.

"Is it expensive? Tom, our planned sales number is 100,000 units. How much is 10%?

Only 30 million, is it a lot? "

Fat Cat Tom wants to vomit blood. Isn’t thirty million too much? This is already a very large number. If the gross profit margin were not high enough, you would be losing money and making money!

"Tom, it's actually not much. This part of the loan will eventually be guaranteed by Legend World. Later, we will package this part of the debt for listing. Legend World plus White Bank, to be honest, this kind of bond is easier to sell than national debt. "Seeing this guy, he still didn't know why, so Philson could only come out to educate him.

Not to mention that the funds will be recovered at a very low cost, but the commissions and handling fees involved will not be in vain.

You see, credit card interest rates are very high, so the interest rates are high because the cost of default is too high. However, it is still a credit card purchase, and after being guaranteed by Legend World, the risk seems to have disappeared.

At least, that's what it appears to be.

Where is the United States?

How can the capital market be short of money?

International hot money has no interest in such low-yield bonds, but some sovereign funds do not see it that way. The first thing they need to ensure is the safety of their funds.

Furthermore, since your credit is so strong, what if you mortgage it to the bank again?

Rest assured, we will definitely give you a very favorable interest rate. I am not afraid that you will borrow money, but I am afraid that you will borrow too little.

"Um, let me ask, Philson, since this game is so simple, can others simply imitate it?"

Tom, the fat cat with a question mark, found that instead of understanding, he became even more confused. To put it bluntly, this is all making use of existing rules, and there is no innovation at all. But why has no one done this before?

Well, it's not like no one thought of it. In fact, the big heads on Wall Street are thinking about various financial innovations every day. Think about it, 30% of GDP comes from the financial services sector. If it relied solely on industry, half of Wall Street would actually go out of business.

As for William White's new toys, it's not that no one thought of it, but very few companies can achieve the level of credibility that Legend World has. Enron and WorldCom boasted powerfully, but when cash flow is insufficient, there are banks out there who will believe in your profits.

Legend World often loses money, especially in the United States. It simply loses money. If you just look at the financial reports, this company will definitely be a penny stock.

But what is the reality?

All the profits of this guy are overseas, and he is already rich enough to invest. Who would believe that he can lose money.

American companies, especially multinational companies, are so amazing. It's obvious that he vomits blood because of his loss, but he likes to slap his face and pretend to be fat.

Because if they tell shareholders the truth, rest assured, the stock price will collapse immediately.

And what about the companies that appear to be losing money?

Either the real situation is more serious, or the profits are deliberately placed overseas.

This is why investors in the United States are mainly institutions.

There is no other reason, ordinary investors simply cannot understand it.

"Tom, let's not talk about this. How has the market responded? Recently, customer service has been a little harder.

Alas, otherwise, let’s go poach Apple’s corner, right? "

"Boss, what's that? You just had a bad time with the guild. If you raise the salary standard now, the guys in the guild will definitely think you are provoking."

Ferson was speechless. He had just broken up with the guild over salary. Since no one wanted to lose their job at this time, they chose to compromise. However, you turned around and went to poach people with high salaries. This was a bit of a slap in the face.

Of course, William White is actually more depressed. Today's coders are not irreplaceable to him. Even though Asan's infrastructure is in a mess, their computer industry is developing rapidly.

Not that they have any production capacity, they can provide a large number of cheap coders. As a capitalist, what good intentions are there? Since there are cheap options, of course you need to abandon the expensive ones.

It's a pity that as the boss of a company, it is impossible to fire employees at will. Not to mention that your profits are good, even if you can't continue to operate, it is very difficult to fire employees.

Damn, how many jobs have been reduced and we actually need to negotiate with the guild? I really don’t understand. If they all play like this, why would any idiot invest in the industry? Are they inviting a bunch of ancestors back to themselves?

Simply because his family has a big business and doesn't agree to layoffs, it's fine. Just split up the departments. If that doesn't work, the company will recruit internally. As long as there are no more jobs for a period of time, these problems will eventually be solved.

However, even the big boss of a company can't do everything he wants, but this boss is also boring.

"Tom, in the next period of time, try to reduce your workload here as much as possible, and send out what you can. This is a trend that cannot be reversed."

"I know, boss." Even though you are a little reluctant, unfortunately, since the boss said so, if you don't want to be sacrificed, you'd better do it. Fire an ordinary employee or trouble, fire a company executive, but this is what many people like to hear.

It is impossible to say that there is no doubt. The general environment is indeed not good, but the companies under the White family are actually not bad.

Well, Fat Cat Tom was shocked. He discovered a problem. When the boss proposed these measures, Philson chose to acquiesce. You know, the so-called elite troops and streamlined administration are not limited to the White system. This turmoil has also affected the think tank.

No one likes to lose their power, and no one likes to have his staff cut off. However, Philson obviously agreed with the boss's approach. What does this mean?

"Boss, so it's impossible for the market to recover in a short period of time?"

"I don't know, I can't see any future for now. Well, Tom, why do you think I have so many funds?

Get ready for the winter. Only those who can survive the winter will have tomorrow. Tomorrow may be very beautiful, but most people will fall in the darkness before dawn. "