"...As the US economy deteriorates faster than market expectations, the New York stock market has fallen to the level 10 years ago. So far, the Dow Jones Index has fallen below the 8,000-point integer mark, and the index's lowest point in 10 years is only a short distance from the first time since March 2003."

Looking at Alvetre's serious expression on the laptop screen in the middle of the conference table, Andy also pretended to be frowning and showed a solemn look.

In recent times, the world's hopes for governments to show their effectiveness in saving the market policies have been somewhat shattered and have achieved little results. Instead, it started with an irresistible momentum, which has caused the world's stock markets to fall again.

He naturally knew when the financial crisis would start to rebound against the trend, but this could only be broken in his stomach and it would never be possible to tell the second person, so it is still necessary to show a trace of solemn concern. Of course, just a little bit of it is enough, because he is the winner who wants to make a profit with the help of this crisis.

“The market often gets worse before it gets better.”

Hearing the big boss's words, the few people present at the conference table and Alvetle, who were connected to the video, couldn't help but nodded slightly, but they each smiled bitterly in their hearts. The boss said nothing wrong, but the current problem is that since the economic crisis worsened more than expected, no one knows how bad the market will be in the future.

Faced with this once-in-a-century economic crisis, it is difficult for even the "Stock God" Buffett to create myths.

The stock of Berkshire Hathaway, led by Buffett, has fallen for the sixth consecutive trading day, with the company's stock falling by more than 40% since the beginning of the year.

Without this crisis, the old hooligan Buffett has brought investors an annual return of up to 20% over the past 20 years. However, based on the current market price, investors' total profit in the past 5 years is less than 3%.

"Buffett's investment principles may not be problematic. What's wrong with the US economic fundamentals..." Hearing Al's situation, Andy said lightly. He had expected the losses of the old hooligan Buffett.

However, this old guy has enough patience to wait. This kind of patience is not as simple as saying. His patience that he will never buy until he drops to the psychological price, and will never sell until he rises to the psychological price. He will not be able to wait unswervingly.

"How much is Goldman Sachs' stock price now?"

To be honest, Andy is indeed a bit unkind. As an ally in the acquisition plan, Andy has not forgotten to short Goldman Sachs' stock price in the secondary market. When he has lost more blood, he has not missed the opportunity to absorb the blood of his allies. It is also his no one else.

“It’s $55.”

"Tsk tsk..." Andy curled his lips, narrowed his eyes slightly, and smashed his mouth a few times. The expression on his face seemed to suppress his joy no matter how he looked.

Goldman Sachs Group, which is regarded as the "crown" of the US financial industry, cannot escape the misfortune of its stock price plummeting. Goldman Sachs set its lowest closing price since its listing in 1999 with US$55. Compared with the highest record of US$248 last year, the company's stock price shrank by nearly 80%. The one who was cheated was Buffett, who injected $5 billion into Goldman Sachs, but the subscription price at that time was $115 per share.

"Citi fell 23% in the last trading day. **** Bank's stock fell nearly 18%, and Bank of America's stock also fell nearly 14%. After the destruction of the five major investment banks on Wall Street, several major commercial banks in the United States are facing a new round of life and death struggles.

Since the beginning of the year, Citigroup's stock price has fallen by about 84%, and its current share price is $95. According to market value, Citigroup, which once claimed to be the world's largest bank, has now become the fourth largest bank in the United States. If the company's stock continues to plummet, Citigroup may have to file for bankruptcy protection because it is in trouble of insolvency.

According to the information we have received, Citigroup may announce plans to lay off 50,000 employees worldwide, and is seeking financial support everywhere. According to reliable sources, the Desert Prince is interested in investing money.

In order to alleviate the market's selling situation, after the New York stock market closed today, in order to curb further decline in stock prices, Citi has applied to the US Securities and Exchange Commission to ban short selling of Citi stocks.

The market also rumored that Citigroup has considered selling its assets in order to survive, and the company does not rule out the possibility of merging with other companies..."

"Citi is one of the four major commercial banks with the most problems. The US government must not let it go bankrupt." Andy frowned and said lightly as he tapped the table on the conference table.

"The problem now is not just the lack of confidence in the market, but the problem of the bank's balance sheet. No one knows how many non-performing assets these banks have. As the economic fundamentals deteriorate, the situation can only get worse. It is questionable how much role the government's financial rescue plan can play.

Of the first batch of $350 billion in funds, the Ministry of Finance currently has about $60 billion left. Paulson has the possibility of giving up. He once said privately that he would leave the remaining rescue funds to the new president.

Haha, in the face of growing doubts that financial rescue funds may be used to pay Wall Street executives’ salaries, Paulson can’t stand it anymore!”

“The eating look is so ugly!”

Hearing his boss' jokes, Alvetlei couldn't help but sneer and mocked, "In addition to our Yingtai Bank, the first batch of eight banks owed senior management personnel pensions and deferred payment bonuses totaled more than US$40 billion by the end of 2007. As soon as the rescue funds were in place, they were immediately issued and paid."

No wonder the American people took to the streets and launched an activity to occupy Wall Street. However, how could the rich people on Wall Street care about the protests and clamors of those people? The so-called dish cooking will be trampled randomly in the bloody conflict. To put it bluntly, the United States is the United States of rich people!

"Let's stop talking about this, let our people continue to short the financial and bank stocks, and not allow leverage. We don't need it, but don't think about letting them go.

What new progress is there on the Yellowstone Club?" Andy has also lost interest in the power and money transactions that have occurred on Wall Street, even if he is a beneficiary of this circle.

"The accounts are very confusing, and there is serious misappropriation of funds..."

Andy shook her head and laughed indifferently. He had been mentally prepared for Al's report. "Let our people not care about those problems. In this way, tell Aidra Brixseth that we will pay her funds in one lump sum. In addition to the club's assets and all members, she must take over all other things, including debts, wages and so on. We only need to have net assets and completely distinguish them from their previous operations!"

"I understand, boss." Al nodded, understanding that the boss at home did not want to care about the whereabouts of the membership fee in the past with the other party. He wanted to get rid of all the burdens and let the Huangshi Club start operations lightly. I think the other party would breathe a sigh of relief in this result.

After the video conference, Andy also disbanded the on-site meeting and asked several people to rest and wait for the afternoon negotiations. He was watching the amount of funds that the various financial branches in his hands have earned him in recent times.

Since countries around the world are restricting or banning short selling of financial stocks, although the returns are considerable, they cannot give Andy any surprises. However, with the soaring gold price, he is really numb to the returns of 100 million to 200 million in each branch.

As gold prices rise, Andy's influence and reputation among the American people have also soared. After all, no one hates the "good people" who can take him to invest and make money, especially when the financial storm is raging and the financial market is in darkness.

Therefore, the lighthouse effect is gradually forming around Andy, and even Andy's Facebook followers officially exceeded 100 million, becoming the world's number of followers. Andy's own product Instagram account is moving towards the 100 million mark.
Chapter completed!