Rebirth 2004: I can make money by writing.
Chapter 332 Financial crisis breaks out! Wealth exceeds 500 billion yuan!
On September 15, Lehman Brothers filed for bankruptcy and collapsed.
This news spread quickly among global media like a bombshell.
For ordinary people, the name "Lehman Brothers" may still be unfamiliar, and most Chinese have never heard of it, and even thought it was a movie company or a toy company.
However, when the media reported that this was the fourth largest investment bank in the United States with total assets of 600 to 700 billion US dollars, people realized the seriousness of the situation.
At first, many Chinese people were gloating and hoped to see more American financial giants fall.
Little did they know that this financial crisis was about to sweep the world and almost no country would be spared.
The bankruptcy of Lehman Brothers was like the first domino, triggering a series of chain reactions.
In the stock market, panic spread like wildfire.
Investors dumped stocks that day, sending many stock prices plummeting.
Market liquidity has shrunk sharply, but trading volume has increased dramatically.
At the beginning of the crisis, major shareholders were still trying to save the market and barely managed to hold on for a few days.
However, the situation quickly got out of control.
The Dow Jones Industrial Average plummeted for several consecutive days, with the decline hitting new highs and frequently breaking the 100-point mark.
The S&P 500 and Nasdaq also saw double-digit declines.
In Gangcheng, Huang Qi, general manager of the Gangcheng branch of Guosen Securities, was shocked by the news of the past few days.
"Oh my god, the US stock market is going to crash!" Huang Qi exclaimed, "How did Mr. Hao foresee all this?
He borrowed so many coupons, it's amazing!"
"It's a pity that all financial institutions have suspended the margin lending business and are selling stocks one after another, making it difficult to borrow stocks." Huang Qi sighed.
At the same time, Hao Qiang's financial team members had just returned from vacation.
They were all shocked when they saw the latest news.
Manager Zhang excitedly called Hao Qiang: "Mr. Hao, the US stock market has plummeted!
All the stocks we shorted plummeted!"
Hao Qiang seemed unusually calm: "Well, I understand.
Continue to monitor the situation and await instructions at any time."
"I understand, Mr. Hao." Manager Zhang replied respectfully.
This time, Hao Qiang seemed to have made the right bet again, and a bumper harvest was inevitable.
Hao Qiang promised the team that if the profits were substantial, dividends would be settled early next year.
Manager Zhang immediately called the team back to work and closely monitored the trends of the US stock market.
In the following days, the financial market changed dramatically.
On September 29, the Dow Jones Industrial Average suffered its largest single-day drop in history, plummeting 777.68 points.
The credit market has frozen and corporate financing is difficult.
Share prices of large financial institutions plummeted, with some falling by more than 50%.
The housing market continues to slump and mortgage defaults are soaring.
The US government had to launch a $7000 billion "rescue plan".
The mortgage companies, especially Fannie Mae and Freddie Mac, were hardest hit, with their share prices plummeting to near rock bottom.
After the US government announced its takeover of the two companies, their stock prices plummeted by more than 80%.
Fannie Mae's stock price fell to less than $1 per share, and Freddie Mac's stock price fell to about $0.88 per share.
Subsequently, both companies were delisted from the New York Stock Exchange and moved to the over-the-counter market.
At the same time, Hao Qiang instructed his financial team: "Purchase Fannie Mae and Freddie Mac shares over the counter to complete the contracts with these two companies ahead of schedule."
The total value of the stocks borrowed short was about US$30 billion, but now it only takes more than US$1.3 million to buy back a considerable number of stocks.
Of the $30 billion, $25 billion is leveraged securities lending funds and $5 million is principal.
After deducting the short selling interest of US$1.3 million, the repurchase cost of about US$1.3 billion, the dividends and transaction fees of the Hong Kong City Branch of Guosen Securities, Hao Qiang's profit reached US$21.47 billion.
Including the principal, the total is US$26.47 billion.
Hao Qiang decided to withdraw this part of the funds first, as he felt that there was still risk in keeping it with a US brokerage firm.
With $130 billion in contracts still to be fulfilled, he is waiting for several bank stocks to continue falling.
As for bottom fishing in the U.S. stock market, he plans to do it early next year.
With this wave of operations, Hao Qiang's personal wealth soared by US$26.47 billion.
According to the current exchange rate, 1 US dollar is equal to 6.83 RMB, equivalent to 180.79 billion yuan.
His system wealth jumped to 560.7 billion yuan.
Hao Qiang's investment this time was a stroke of genius. Not only did he accurately predict the market trend, but he also seized opportunities in the crisis and achieved huge growth in wealth.
On the evening of September 30, Hao Qiang received a system prompt.
[Tip: When your personal wealth reaches the threshold of 500 billion yuan, you will be rewarded with 5 free attribute points]
Hao Qiang planned to continue improving his thinking ability, but he couldn't.
[Hint: Hint: Thinking power cannot be further improved, the minimum value of the four-dimensional attribute cannot be lower than 22]
"Damn, I'm restricted again!"
"It seems that if I want to reach level 27 or above, the other attributes cannot be too low."
“Ah, balanced development.”
Hao Qiang sighed and raised his memory to 25, leaving 2 free attribute points.
【Writing System】(2008.9.30)
Level 8: 3735/5000 million
System Level 8: Every 1 words written = 20000 yuan reward
……
[Wealth: 560.8 billion yuan (including unwithdrawn cash and undisclosed stocks calculated based on purchase value)]
Memory: 25
Thinking Power: 26
[Appearance: 20]
[Physique: 20]
【Four-dimensional attribute: 91】
[Free attribute points: 2]
……
[Hint 6: The threshold for the next wealth level is 1000 trillion yuan, and you will be awarded +3 free attribute points at once]
……
"The next step is to improve my appearance and physical fitness to 22, and try to open the level 8 technology store as soon as possible." Hao Qiang said to himself.
But it’s not easy!
At least 12 free attribute points are required.
It’s almost 10 o’clock now!
It is not difficult to increase your wealth to 1000 billion yuan, and you can get 3 free attribute points.
So, it’s still 7 o’clock!
If the writing system is upgraded to level 9 and 9 free attribute points are obtained, then it will not be a problem.
It will take a long time to successfully develop the three level 7 technologies that we have just acquired.
By then, if you open a level 8 technology store, you will be able to integrate level 8 technology.
The next day,
Hao Qiang went to the company, walking with a breeze, a smile on his face and humming a little tune.
"I just met the chairman. He was humming a song and seemed to be in a good mood." When the employees saw the chairman, they couldn't help but discuss it privately.
"Maybe something good will happen."
"The company's production orders are so long, but he doesn't seem very happy. Maybe it's something else."
"I've been quite happy recently. The U.S. stock market has plummeted and I've suffered heavy losses."
"Yes, recently, there has been a lot of news about the US stock market. Experts say that it has spread to our country's stock market."
"The chairman doesn't currently hold shares in Tengxun and Moutai. Perhaps he's waiting to buy at the bottom."
……
Hao Qiang sat in the office, feeling very happy after recovering his principal and profits.
I was worried for a long time, afraid that I wouldn't get my money back.
You'll Also Like
-
Xiaomi Heavy Industry, its first entrepreneurial venture!
Chapter 108 5 hours ago -
Hong Kong Film: Jimmy? Please call me Councillor Li
Chapter 173 5 hours ago -
Dragon Clan: Avoid the College Entrance Examination to Slay the Dragon
Chapter 69 5 hours ago -
Naruto starts from the Otsutsuki bloodline
Chapter 100 5 hours ago -
Go: Is the portable old man the nine-time champion?
Chapter 136 5 hours ago -
The Terror of the Heavens Begins with Gu
Chapter 97 5 hours ago -
Reborn Treasure Appraiser: I Really Didn’t Want to Be an Expert
Chapter 118 5 hours ago -
Daily Intelligence: From Water Snake to Jinghe Dragon King
Chapter 149 5 hours ago -
Simulation of the Heavens: Starting from the Age of Desolation
Chapter 48 5 hours ago -
Can following the rules be called rebirth?
Chapter 59 5 hours ago