Chapter 1434 Smart People Are Everywhere

On the first Christmas Eve of the new millennium, the streets of Xiangjiang are still bustling. Excluding religious beliefs, for young people, the meaning of this festival is more about indulgence.

Of course, for the top rich, it doesn’t matter what holiday they are. When you want to indulge, you can do it every day, as long as your body can handle it.

"Dad, the current situation is not good. Vodafone is simply crazy. If we follow up, it may cause great losses to the company." Superboy looked a little decadent. The current situation is not a problem for him. It was a serious blow.

The turbulent 3G movement seems a bit ungrounded. Not to mention the general population, even business people, few people try it.

Now let’s not talk about the international market. Even Xiangjiang seems to have big problems. Xiangjiang Telecom can be regarded as an industry leader, but based on the current situation, they have no intention of rolling out quickly.

"Let's let it go for now. One step ahead could be a genius, two steps ahead could be a disaster." Lao Li was not in a good mood either. If real estate in Xiangjiang is still hot, he certainly has many ways to move around. It's a pity that the property market in Xiangjiang can only be described as miserable.

To be honest, Lao Li doesn't have much idea about how the current stock price will fall. Or if the stock price continues to be depressed, he will not encounter a large number of sell-offs. Only in this way can he maintain absolute control of the company.

However, the rapidly declining financing capacity gave him another headache. Under such circumstances, continuing to talk about diversity is just like a joke.

Please, do your main job first and then talk about other things. The sluggish stock prices and sluggish property prices are only temporary. As an international port and backed by a consumer market of more than one billion people, it is impossible for property prices to remain low.

Ultimately, it's just a matter of confidence now. The impact of the Asian financial crisis has basically not been seen in surrounding countries. Thailand and Smecta, which were the most serious, have obvious signs of recovery.

"Son, you don't have to worry too much. Our several investments in the country have all yielded good returns, and the amount right now is not too high."

Seeing that his son, who had always been very arrogant, was actually a little decadent, Lao Li couldn't help but try to persuade him. Or, it is not a bad thing for young people to suffer some setbacks. This son is a bit arrogant, and now he is in a big trouble. I hope, I hope this kid can get out of the predicament as soon as possible.

"Dad, my opinion has not changed. The future trend is that 3G will definitely replace the current 2G. That means there is no consumption habit yet, or the performance of current mobile phones cannot keep up."

I have to say that no matter how many shortcomings this guy has, Lao Li's education is still very good. The eldest son is steady and a good guardian, while the younger son is smart and does very well indeed.

It's just a pity that Lao Li can't understand the world today. How can you expect these younger generations to succeed?

It's strange even now. The property prices in Xiangjiang have long been falling. However, this continuous falling situation has never gotten better.

Some people blame it on public housing, but Lao Li disagrees very much. More than 80,000 square meters sounds like a lot, but these things cannot be implemented immediately. According to the plan announced now, it will be good if you can complete it in ten years.

Ten years, what is the use of these numbers of public housing?

First, they cannot enter the real estate market, and second, they cannot meet actual housing needs. If this number does not continue to expand, it is not an exaggeration to say that it is useless.

As for the market's concerns, he also dismissed them. Old Dong's life is not easy either. You think it's a joke for a family with a negative equity of 100,000 yuan. The public housing being developed now may be a good thing for ordinary people, but for the 100,000 middle class people, it seems a bit unfair.

Or maybe it's the same as his younger son, Lao Dong's luck is a bit bad. Why did such a policy coincide with the Asian financial crisis? If it had been implemented a few years earlier, it would have definitely increased the popularity of the old chairman.

Jason Gao also had the same problems that belonged to Lao Li. If this guy's income hadn't been high enough, this incident would have been enough to send him to the eighteenth level of hell.

"Honey, why do we want to buy a house in Los Angeles? The previous house is enough, and you don't live here permanently."

"Silly wife, we are going to cut interest rates, a very large rate cut. The fools of the Federal Reserve Bank of America messed up. If they hadn't been so excessive before, the impact this time would not reach the real economy.

If money is worthless, this is not a problem for the United States, it is a problem for the whole world. "

"Ah, hubby, in this way, our real estate in Xiangjiang can be solved?"

Looking at his tearful wife, Jason Gao was speechless. You said the wind is like the rain, how can it be so fast? The boss just said that the Federal Reserve's sharp interest rate cut will definitely trigger global economic turmoil. For the time being, it may not have a direct impact on the property market. However, as quantitative easing continues, all assets related to the U.S. dollar may rise.

It's a pity that the increase in this part may not bring any practical significance.

You see, property prices may be rising, but the actual purchasing power of money is declining. Anyway, it’s just a sentence, wish for good luck, money is starting to become thin, and if no measures are taken, asset shrinkage is inevitable.

Jason Gao was not very smart, but since there was a bright light in front of him, he wouldn't have too much confusion. Xiangjiang is in a running-in period, and may still be confused for a while. However, as expectations of interest rate cuts in the United States intensify, the era of asset bubbles is coming. This is a major trend that will not be reversed.

So, if that's the case, why are you holding so much cash?

It should be said that you simply cannot understand the views of many economists during this period. Or because many of them are historians who have switched careers, they are best at learning from history.

Japan's property market bubble collapsed, Hong Kong's property market bubble collapsed, and the final manifestation of the Asian financial crisis was that the property and stock markets crashed together. Therefore, when property prices in certain areas are rising slowly, the most common message people hear is that it is a bubble.

Why is the current property price too expensive, what is the serious imbalance between income and expenditure, and what is the serious inversion of the rent-to-sale ratio. If you look back at the economic newspapers at the end of the new millennium, you will find that almost all economists are talking about bubbles.

It's a pity that our world has never been in the current situation. When John Bull ruled the world, the hard currency was not pounds. If there is no precious metal as endorsement behind it, who knows who the girl above is.

The situation is different now. No matter how hawkish the sauce is, the U.S. dollar is the only international exchange currency. This means that as long as they want, they can depreciate 100% at any time without any responsibility.