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Chapter 256 Financial Crisis (1)

"Old Du, you are all in your duty, I am responsible for enjoying the fruits of it."

"Good boy, okay."

Five-five opening.

Let Du Chunjiang be busy, Chen Jingxu is really not polite to enjoy the fruits.

There is no way, the new era smartphone is led by Xuri Group. Du Chunjiang bought the Android system permissions back, and Chen Jingxu asked Wang Peijie to develop it and implant the Android system into the new era.

I have to say that Wang Peijie is the great treasure of the Rising Group.

Over the years, Chen Jingxu has been asking programming and instructors to teach Wang Peijie, so that he has an extraordinary level.

Linux skills, wireless, virtualization, wireless concepts, wireless technology, scripts, databases, and more importantly, mathematical thinking. All the mentors, Chen Jingxu spent a huge amount of training to Wang Peijie.

Wang Peijie's terrible talent, every mentor emptied them in less than a month, and Wang Peijie no longer knew how terrible he was.

Chen Jingxu was glad that he had Wang Peijie, but fortunately he was determined to bring Wang Peijie into the group at that time. This was the most correct choice he made.

Programming, get an open source unix and learn to use and run, learn how to use www and write html, practical English, proficient in c/c language, assembly language, gray pigeon configuration and use, web Trojan production and dissemination, website intrusion, Trojan feature code modification.

At least Chen Jingxu didn't understand any of them.

Now that Li Jun is selling pandas to burn incense, it is not enough to see Wang Peijie.

However, Li Jun’s management and management websites are quite good, and he also proposed to open a Macau online, Jinsha.

He also asked Wang Peijie to help him as a springboard.

This happened a year ago. When Chen Jingxu found out, he asked Li Jun if he wanted to look at the ceiling every day in the future?

If you don't mind sending him in, you will be much more at ease now.

In terms of treatment, Chen Jingxu did not treat him badly.

Back to start a company.

Huang Yingtong followed Chen Jingxu into the scene: "President, the overseas financial circle has been in a quake."

Just an hour ago.

The financial crisis broke out, in the public's view.

Financial news became the front page headlines as hundreds of dazed-looking Lehman Brothers employees flocked to the sidewalk of Manhattan Seventh Avenue, holding office furniture in their hands, trying to explain the shocking turn of the incident to the swarming journalists.

Why did their historic 158-year investment banking company, the fortress of Wall Street, go bankrupt? What does that mean for most of the world?

Chen Jingxu was very calm, but in fact, Chen Jingxu had always been curious about a question.

During stock market crashes or financial crises, a large amount of wealth often disappears out of thin air. News often says that xx's stock price has lost xx billion market value due to plummeting, etc. So where did these evaporated wealth go?

Before Huang Yingtong helped Chen Jingxu explain this issue, she said: First of all, we must understand that currency, that is, money, its function is not the equivalent of sufficient value a long time ago, but a credit symbol, an ordinary banknote that can represent value. This is one of the five major functions of currency - the value scale. Therefore, in the capital market, there is actually no real wealth. Money performs this function, expressing the value of stocks, funds, bonds, gold, etc. in the form of prices.

Chen Jingxu didn't understand, and he was in a fog.

For example, suppose that village A only produces watermelons, without considering other factors, the villagers sell watermelons grown in every household. Suppose that the monthly output is 1,000 kilograms, 2 yuan per kilogram, the output value of watermelons in the entire village is 2,000 yuan. In a blink of an eye, summer is coming soon, and more and more people are buying watermelons in the market, and the supply of watermelons in the village is in short supply.

At this time, a boss novices seized the business opportunity and purchased 1,000 kilograms of watermelon from Village A for 2.5 yuan, and then resold them in the market. At this time, the watermelon output value of village A reached 2,500 yuan, but the weather was getting hotter and hotter. A beverage company took a fancy to the watermelon from Village A and purchased it for 3 yuan to make the watermelon into a beverage. Of course, the villagers are not stupid. With a higher purchase price, they must have sent the watermelon to the beverage company. At this time, the watermelon output value of village A reached 3,000 yuan.

Look, village a is still village a, watermelon is still 1,000 kilograms, but the output value has changed from 2,000 to 3,000.

Huang Yingtong continued.

The weather turned cold at this time, but in order to meet the high-priced acquisition of the beverage company, the villagers were still growing watermelons in large quantities. However, they never expected that the beverage company's performance was not good, and the watermelon beverage was unsalable. It dropped sharply from the original purchase of 1,000 kilograms per month to 200 kilograms. This made the villagers very anxious. What should I do if the remaining 800 kilograms? I couldn't finish it myself and gave it to others, so I could only sell it to the market myself. However, the weather turned cold, and there were few people who bought watermelons, but I had no choice but to lower the price. I sold watermelons at 2 yuan per kilogram in summer, and now I can barely clear the stock for 1.5 yuan.

Unexpectedly, when the beverage company bought a shop by chance, he found that there was still 1.5 yuan per kilogram of watermelon, so he immediately stopped purchasing and bargained: the watermelons on the market are 1.5 yuan, and the purchase price of 3 yuan in your village is too expensive. Due to our long-term cooperation, I don’t lower the price. I continue to purchase at a price of 1.4 yuan per kilogram. How about it?

The villagers were helpless when they heard this. They knew that the good days were over, but they thought that although they earned 10 cents less, they didn’t have to carry a shoulder pole to the market, so they just accepted the price. So, the original watermelon of 3 yuan per pound suddenly turned into 1.4 yuan, and the output value (calculated at 1,000 pounds) also dropped from 3,000 yuan to 1,400 yuan.

But the worse is still there. From 3 yuan to 1.4 yuan, some people felt that it was not cost-effective, so they decided not to plant melons and go out to work. At this time, the watermelon production in village A began to decrease, from the original 1,000 kilograms to 500 kilograms, and then to 100 kilograms. The weather was already very cold, and basically no one bought the watermelons, and the reduction in supply did not give a reason to increase the price of the watermelons. At this time, the output of 100 kilograms was far from meeting the purchase volume of the beverage company, and the output value also fell to 140 yuan. In the end, the beverage company terminated the purchase agreement with village A, and the remaining watermelons were rotten in the fields. Not to mention 140 yuan, a penny was worthless.

"I still don't understand~ I'll just tell me what effect it will cause."

"For example, the unemployment rate rises, GDP declines, layoffs, and the global economy falls into a great recession. Watch the news~" Huang Yingtong opened the news, which was an international news. The financial crisis started from the United States and broke out in full swing.

The domestic capital chain is broken, causing loan projects to stagnate and completing immeasurable losses.

An earthquake occurred.

The entire subprime mortgage crisis (the financial crisis also known as the subprime mortgage crisis) broke out.

A large number of companies suddenly went bankrupt, and many people couldn't sleep well that night. What they saw tomorrow was full of panic and anxiety. As the most proud masterpiece of the financial crisis, Lehman Brothers went bankrupt due to debt of US$613 billion, and countless investment banks went bankrupt due to subprime mortgage storms. The financial crisis raided and hit the doors of the once glorious investment bank doors on the streets.
Chapter completed!
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