Love Guide for Childhood Sweethearts
Chapter 239: Miserable!
"Confidence has been shattered," Lin Jingzhe said with a deep gaze. "There's also a massive amount of short selling pressure! Oil has become a safe haven. I hope to make up for some of the previous losses."
"I've seen someone jump off a building over here." Lin Xingzhi gently stroked his forehead, rubbing it with his hand. "One wrong move can lead to a complete loss. The financial market is unpredictable and volatile, and the wind can change direction so quickly that people have no time to react."
Lin Jingzhe was stunned when he heard this, his eyebrows suddenly jumped and he said, "If I say I don't feel anything, will you think I'm cold-blooded?"
"No!" Lin Xingzhi blinked and said, "What does this have to do with us? We haven't even given out all our wealth yet."
"It's all just spare money." Lin Jingzhe scratched his ear. "I really can't say anything about this. Didn't the stock god Warren Buffett say that he wouldn't make a profit until the last penny?" He added with a deep look in his eyes, "Isn't there a stock market story? The old man selling newspapers outside the stock exchange is the stock god."
"Haha..." Lin Xingzhi shook his head and laughed, "When everyone else is rushing into the stock market, the stock exchange is crowded, so be careful. When the stock exchange is deserted, you can barely pay the utility bills. That's when the opportunity comes."
"Hmm!" Lin Jingzhe smiled slightly upon hearing this. "The road ahead is bright, but now is the darkness before dawn." He smiled and added, "We're only doing short-term trading. We'll withdraw in three months."
"I just saw it so many times that I felt a sense of empathy." Lin Xingzhi said with emotion.
"I'm sorry to scare you. You must be feeling traumatized. Do you want me to prescribe some Chinese medicine to calm you down?" Lin Jingzhe stood up and said worriedly.
"That's not necessary," Lin Xingzhi said with a mixture of laughter and tears. "I've just directly experienced the horror of finance." He sighed softly and said, "I've been collecting financial news from around the world these days. Eastern Europe, represented by Hungary and Ukraine, has experienced a depleted capital outflow, a rapid devaluation of their currencies, and a severe currency crisis. At the same time, there's also a large-scale bank run in China."
Lin Jingzhe was stunned when he heard this, and then he said, "Eastern Europe's economy is already fragile. When this tsunami comes, it has no ability to resist. After the collapse of the Russian bear, it will completely turn to the Americans, and it is destined to be slaughtered."
"South America is known as America's backyard, but it's the worst off." Lin Xingzhi took a sip of ice water and said.
"We're too close to the Americans," Lin Jingzhe said bluntly. "Besides, there's no major power in South America that could pose a threat to the Americans, so we're at the mercy of others."
"Sigh... looking at the financial statements of South America, I really can't bear to look at them. The export industry of South America, represented by Brazil, relies on foreign credit for support. The liquidity tightening has dealt a heavy blow to the export model on which Brazil relies for survival, and has also severely damaged the already weak Brazilian real." Lin Xingzhi took another sip of ice water to calm his nerves!
"What about South Asia?" Lin Jingzhe asked curiously.
"India is facing high inflation, declining economic growth, and stagflation," Lin Xingzhi remarked with a gloating tone. He then added, "Pakistan is arguably the worst offender in the world. Its sovereign credit rating has plummeted to 3C junk status, and the country's foreign exchange reserves are only enough to cover one month's worth of imports."
"What about the Four Asian Tigers and Little Tigers? A few years ago, my goodness! There was so much publicity," Lin Jingzhe said with a cold look in his eyes. "They looked so high and mighty, as if they wanted to trample us into the mud." He said bluntly, "I'm low-brow, so I gloat over others' misfortunes."
"Haha..." Lin Xingzhi laughed unkindly. "Manufacturing export regions represented by the much-hyped Little Dragons and Little Tigers are facing a plummeting export decline and severe unemployment due to the global shutdown."
"Everyone is having a hard time." Lin Jingzhe raised his eyebrows slightly, his eyes as bright as pearls and jade flickered as he said, "If we want to get out of this crisis and reduce costs, the factory must either upgrade or relocate."
"Mom mentioned upgrading the machines, but no one's willing to invest." Lin Xingzhi put down the cup in his hand and said, "As for moving? Where to move?"
"Follow national policy!" Lin Jingzhe said simply and briskly, "Increase development in central and eastern China and the western region!"
Lin Jingzhe waited for a long time but saw no response from him, so he asked, "Why aren't you talking?"
"Taking bribes is a serious matter!" Lin Xingzhi said, pursing his lips.
Lin Jingzhe leaned back on the sofa and said, "You mean to say that poverty and hardship breed unruly people."
"This is an indisputable fact." Lin Xingzhi said after hesitating for a moment.
"It seems like there's no other place like that." Lin Jingzhe snorted.
"Don't be angry?" Lin Xingzhi said softly, and then quickly added, "It's much better now." He said unhappily, "It's not like I'm moving. I just built this factory."
"Hey, hey!" Lin Xingzhi said anxiously when he couldn't hear her response, "You're not really angry, are you? Speak!"
"No, I'm not angry," Lin Jingzhe responded. "Most people are very disgusted by this kind of bribery and want to follow the rules."
"Right, right, right!" Lin Xingzhi nodded hurriedly upon hearing this, "So everyone hopes for a Qingming Festival abroad."
"You're wrong." Lin Jingzhe's deep eyes turned and he said, "This is called seeing the fragrance from a distance, seeing the flowers in the fog, and projecting your own imagination onto others."
"I know, it's even worse abroad," Lin Xingzhi said with a deep gaze, "but labor is indeed cheaper in Southeast Asia."
"There's no such thing as a cheap product." Lin Jingzhe rolled his eyes elegantly.
"Nannan, you said it would be nice to be a bathing crab in Southeast Asia." Lin Xingzhi raised his eyebrows slightly.
"That's how many people I've dealt with." Lin Jingzhe said with a gentle look.
"You're dealing with workers now, and they're very lazy." Lin Jingzhe simply lay down on the sofa. "Our national conditions are different. We're hardworking and pragmatic. We'd rather be poor than work our lives off!" His clear eyes turned as he spoke. "Our people can sacrifice rest time to make money. But for some in Southeast Asia, they can sacrifice making money to rest." He chuckled and said, "When we see them poor, we feel sorry for them. But when they see us working so hard, they think we don't know how to live and enjoy life."
"Go to Southeast Asia! In order to make money, we can leave our hometown, go to a place where we are unfamiliar with the environment, and start from scratch." Lin Xingzhi thought of the older generation and said.
"That's right! But they find it incredible that we'd leave our homes just to make money." Lin Jingzhe said with a smile, "We're not on the same wavelength at all. Let's put it this way! Those unscrupulous factories in China exploit their workers, but that's unlikely to happen in Southeast Asia. They just quit if they want to." He pursed his lips and said, "The bottom line is, the workers' wages are too low. I remember a scene in the Mansion where the Second Mistress would rather support the pharmacy workers than let them fend for themselves."
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