Chapter 147 A New Year 1
"It's a blessing, not a curse, it's a disaster that can't be avoided, and everyone doesn't have to be nervous. Be safe when you go out.
When the North American stock market storm blew, all the members of the Li family, except for a few people who could not come back, were called to the living room of the courtyard by Li Mengze, so everyone saw that someone had returned to normal! Young children, young daughters-in-law, and several newborn grandchildren attended this important family meeting together. There are a total of 24 children, five of whom are in college and two are still in high school. Except for a few people working in other places, the rest are working near Bjing. The three generations of the Li family have been together! Everyone has heard of the economic storm in North America, and some people are deeply anxious. Seeing his calm expression, someone immediately thought of his previous unusual actions! In these turbulent years in the world, the Li family is a relatively stable large family. At the same time, Li and their relatives are also one of the least damaged families in this economic downturn. From adults to children, they all have a strange confidence in the head of their family, which will also be the source of their confidence in the future. !
Even if everyone falls in this economic storm, Li Mengze will not fall down. Even if all the companies are bankrupt in the economic crisis, the fairy and Xixing can survive. In a sense, Li Mengze is more than anyone else to see the arrival of this economic crisis, although in fact he Like everyone else, I don't want to see the economic crisis ruthlessly ravage China! The reason why he was nervous and couldn't control his emotions was that he foresaw the urgentness of the economic crisis. At that time, one of his large companies had not been integrated yet... Since the company was integrated and the preparatory measures were completed, he really didn't want the economic crisis to come! He, who was used to keeping a diary, wrote: "Finally, I finished the preparatory measures. My premonition was a little ridiculous. Even I couldn't believe it, but I still did it. I can't tell outsiders about this possible incident. On the one hand, it is ridiculous, and on the other hand, it is also selfish. Although these measures are not perfect, they should be able to minimize the possible losses... Although it may be an opportunity for Li, to be from the bottom of my heart, I really don't want this to happen. I would rather let future generations laugh at me for being unfounded or whimsical!" Therefore, when the economic crisis really happened, some people at the fairy headquarters were ecstatic, while Li Mengze seemed to be a little sad. Of course, he was still more satisfied with his treatment. After all, these companies grew from his hands and did not fall into his hands!
The real economic crisis began in late July 1935, and the actual large-scale impact was manifested in early August. The economic storm that broke out in late July swept the whole world. From North America to Europe, to all corners of the Asian continent, from the northern hemisphere to the southern hemisphere, all developed countries, almost all developing countries, almost all countries and nations were involved in this sudden global catastrophe. Due to the run-in storm, the stock prices of all the world's important stock trading centers had fallen by an average of more than 85% by the 26th, and the hard work of tens of millions of people over the years had turned into a pile of waste paper. The U.S. dollar fell sharply. The consequences of the U.S. over the years of indiscriminate supply of paper money to the whole country and borrow debts from the world finally broke out. In the blink of an eye, the U.S. dollar has become the most biting world currency. There are words cursing the U.S. dollars everywhere. The people of the world strongly demand that the U.S. government to recycle U. dollars, but can so many U.S. dollars be recycled? Impossible!
Federal Reserve Chairman Schard muttered to himself that he will retire in another six months, but this damn stock market has wiped out his reputation. The stock market has collapsed, and the credibility of the US dollar will become the U.S. economy after World War II, especially in the 21st century. The most serious trigger for the setback. The chairman of the Federal Reserve, who is well aware of the laws of the market economy, knows that any of his current actions are tantamount to taking a pencil knife to decompose the damaged buildings of the World Trade Center, which is useless at all! But as the chairman of the Federal Reserve, Schalder understands that there must be many people watching him, thousands of people are cursing him, and hoping that he can turn the tide, but can he do it? The economic storm has begun to sweep the whole market. Aerospace, biotechnology, new materials, electronics, automobiles, energy, real estate, news media, machinery, steel, food, etc. and even agriculture have been affected. The service industry has suffered heavy losses. No one is in the mood to travel, and travel agencies are even more hope. Dun, it has been closed for a long time; production stagnation, trade stagnation, product backlog, currency devaluation, inflation, rising prices of daily necessities... People's lives are miserable, and these scenes seem to be in front of them, as if they are about to happen... Schalder has been working for the Federal Reserve for decades, "old, old", the old man is painful Thinking about it, tears had become a stream, flowing down his cheeks, and he didn't care about wiping the tears. The strong old man began the hardest work in his life!
It's not as easy as Schard. The heads of economic departments of various countries are looking for countermeasures, whether it's for the political future, for professional ethics, or for the beating heart. No one doesn't pay attention to it. But in the face of the fierce market economic storm, all economic policies or measures have become weak, whether they are socialist countries or capitalist countries; whether they are developed countries or developing countries, the problem is the same, that is, the "catastrophic economic crisis" and the solution to solve it. There is only one solution to stop the spread of the economic crisis and reduce the actual impact of the economic crisis, but no solution is assessed as possible, and people once again show weakness in the face of the civilization they have created. In front of nature, in front of human civilization, individuals are small, whether the emperor will be rich or promoted to a small civilian!
China's economic situation is extremely grim. After half a century of rapid development, this socialist power, which has never experienced an economic crisis, suddenly faced the economic phenomenon that its ideological instructors had ruled out. Especially with the help of the majority of Chinese citizens, the stock market storm has intensified. A large amount of money wants to escape and escape from this unpredictable dream market. The wealth accumulated over the years is unwilling to be cleaned up, so there is a more fierce run than other countries! On the 24th, the stock market fell by nearly 50%. On the 26th, the stock market had fallen by more than 85%. In just three days, dozens of trillions of yuan were instantly wiped out, and most listed companies fell below the bottom line...
After the storm in China's stock market, the headquarters of Fairy Company issued an emergency notice to the whole country on the 25th (why was it postponed for three days). The notice was made through the domestic news channel of CCTV. Its content is as follows: Fairy Company is very concerned about this stock incident and is deeply sad. The company's Jin Xiong is strong and can maintain the operation of listed companies under any conditions. Fairy is very grateful to all shareholders for their consistent support for the company. She will do her best to protect the interests of shareholders. She does not want shareholders to suffer undue losses due to the run in this incident. You are welcome to continue to hold shares. People don't know how useful such a short statement is, but it is said that the fairy is the only big company that made such a statement. People doubt whether the fairy's words are credible, but the decline of the shares of the fairy companies has rapidly decreased, which is one of the few relatively strong stocks. Perhaps, fairies are synonymous with power and the representative of magical reality in people's subconscious! Many people continue to hold the shares of Fairy Company. Although the stock price has also fallen by more than 50%, at least the shares of Fairy Company have not been sold wildly! By the end of July, although most people had sold the shares of Fairy Company, the stock price of Fairy Company did not decline on a large scale again, and even rebounded slightly, which became a rare and unique phenomenon in the stock market. According to Fairy statistics, at least 40% of the stocks were not sold by investors and became an economic crisis. Of course, the company with the highest shareholding also includes Xixing Company!
There are two reasons why the fairy can make such a statement. One is that the fairy company reserves a large amount of money, and there is no need for people to sell. On the other hand, although the fairy and Xixing have five listed companies, the stock issuance volume is not It's big and can be fully repurchased. Among the five listed companies, some newly acquired and merged companies have made stock repurchases, and there are not many circulating shares, while Xixing Corporation has only issued one stock (3.5 billion shares) and has never issued it since. Although its stock price has risen from 10 yuan to 25 yuan, it has also risen and fallen in the past few years. But Xixing Company didn't do anything wrong. Before the run-up storm, it had been hovering around 14 yuan. In this crisis, the 1.5 billion shares of Xixing Company's 3.5 billion shares were continued to be held by private individuals. At the price of 10 yuan, the company recovered 500 million shares and 1 billion shares at the price of 8 yuan. Finally, at the price of 7 yuan, the remaining 500 million shares were also recovered, and 16.5 billion yuan was actually earned. A lot of money. Donglin Real Estate has a total of 4 billion shares circulating in the market (once recovered 2 billion). The price before the run was 10 yuan per share. The company recovered 1 billion yuan at 8 yuan, and repurchased 1.2 billion yuan at 6.5 yuan, a total of 15.8 billion yuan. In this way, by the end of July, Xixing Company had a total of 32.3 billion yuan. A total of about 56% of the shares were purchased.
Fairy and Xixing Company are originally integrated. Xixing Company carries out stock repurchases. Of course, the fairy will not let go of this good opportunity. For them, this is a good time to repurchase shares, and it is more in line with their intention to buy back all of them. Electronics companies have not issued additional shares for many years. At that time, when the company was acquired, it had repurchased according to the contract (the conditions of fairy acquisition), so the relatively large East Lake Electronics Company only had only 3 billion circulating shares in the market. Before the stock market crash, the company's stock price was 30 yuan per share, but The decline was also very strong. It fell by more than 30% on the 24th. On the basis of the continued decline of stocks on the 26th (both the previous two days), Fairy Electronics repurchased 1 billion shares at 1.74 billion yuan per share, and repurchased 600 million shares at 16 yuan per share on the 29th, repurchased all the circulating stocks sold in the market. Originally, someone wanted to continue to buy, but he didn't hold the shares, so he had no choice but to stop. The number of shares of Shenwei Company is relatively large, with circulating shares reaching 6 billion (I didn't dare to ask the other party to buy back at that time), reaching 20 yuan per share. Because the new materials industry is a high-risk industry, it is the most eye-catching in this stock event, so it also fell the most miserably. It fell nearly 50% on the same day, and by the 26th. When the fairy invested in repurchase, there was only 850 million yuan per share. The fairy first invested 17 billion yuan and repurchased 2 billion shares. At 8 yuan per share, she invested 1.6 billion yuan and continued to repurchase. Since then, the stock has begun to rebound, reaching 8.5 yuan per share. Since then, Shenwei has not recovered stocks. Another company, Huahe, did not have many circulating shares, only 1.5 billion shares, 25 yuan per share before the run. The fairy first invested 9 billion yuan to buy back 600 million shares at one stroke, and the stock immediately stopped falling and rebounded. In this way, before August, Fairy invested a total of 69 billion yuan to repurchase 6.2 billion of the 105 outstanding shares of three listed companies, and the repurchase rate reached nearly 60%. Li Mengze was very happy. He only used 101.3 billion yuan to buy back a large number of stocks, and it usually took more than 190 billion yuan to buy these stocks. In fact, he made a net profit of 90 billion yuan, which made several high-level parties very happy and did not resent this stock storm at all!
But not all companies are like fairies. Fairies and Xixing have a large amount of capital reserves, "more money is useless", and they do not have the pressure of bank debt. Of the total of 121 billion yuan of funds, there are 89 billion yuan of net profit available. Domination, there is no other debt; and the fairy's major companies are attributed to the fairy headquarters, with a total of 890 billion yuan of book funds. In addition to the 670 billion yuan of debt, there are also 220 billion yuan of net available funds. Of course, they still have about 40 billion yuan, which is estimated to be "difficult to recover". It is. As for other companies invested by the fairy, "at worst, I don't want to sell it." This is someone's saying, and the fairy really wants to get rid of some companies. Although the steel and textile companies invested have accumulated a lot of money over the years, most of them have the ability to cope with risks!
However, many companies, especially listed companies, are not as lucky as fairies. The money they raise from the stock market is used for development. They themselves borrow money from banks and invest in other money-making industries. Although this is indeed a good way for companies to develop, especially make money. The capital is not big, but the profit is very high. Some people have calculated that the fairy invested 1,000 yuan and earned 120 yuan. Other companies invested 1,000 yuan and could earn 80 yuan. This seems that the fairy earns more, but on the other hand, the fairy invested 1,000 yuan from her own finances and earned 120 yuan back. The yield is only 12%. Other companies themselves pay up to 500 yuan, and their yield is at least 16%. Calculate it, which one makes money faster! Therefore, many enthusticians are actually not optimistic about the fairy company. If it goes on like this, the fairy will eventually be overtaken by other companies, unless they make larger-scale investments, unless they take the development path of other companies. Of course, "it doesn't count now," some economists still swear. For many companies, it is really like a year now. Some people have done statistics that the bosses of hundreds of large companies in China have aged several years in just a few days, and hundreds of socially well-known successful people can't stand the hatred of "sm and bone peeling" and have embarked on the road of no return, leaving for their wives and children. Endless sadness and the unresolved debts of a company!
From the end of July to the beginning of August, the stock market storm wave obviously spread to various fields of society. A disastrous economic crisis broke out around the world, sweeping almost the whole world, and even including desert islands far away from the busy sea of people. Production has come to a halt, and a large backlog of products... A large number of goods are backlogged in the port terminal. Trade has come to a standstill, the service industry has withered, prices, especially daily necessities, have begun to rise, inflation... The famine seems to be not far away! Most companies have begun to carry out large-scale layoffs, and people's hearts have fluctuated. Different degrees of frictions have begun to appear between countries. Urban parades have begun to appear, and the contradictions accumulated by society have begun to erupt. The military industry departments of some countries have changed to varying degrees, and the profits of military enterprises have risen... Li Mengze can clearly feel that the order volume of Donglin electronic products has increased, and the South American market is showing more signs of rising. There have been contact with Fairy Electronics in China. In order to prevent Donglin Electronics from falling into "other hands", Li Mengze had to try his best to meet the requirements of all parties, and a large amount of activity funds were urgently invested; and the situation of Eurasia Electronics in Europe also seemed to show signs of improvement.
But these are individual phenomena. What is more striking is the large-scale economic stagnation, production has stopped, factories can't start, transportation has stagnant, commercial activities have stopped, products can't be sold, backlog... Many companies live like years, and bank debts can't be repaid. Wages can't be paid, and workers' lives are increasingly difficult... By September, the news of the first batch of large-scale layoffs of workers has spread. One company started and other companies have followed up one after another. No one knows when the crisis will end, but everyone knows that it can never be eliminated overnight, plus the need for production recovery. In the meantime, it is inevitable to lay off employees, and as for cutting the wages of employees, it is a "benevolent" approach! Domestic prices have risen by at least 10 percentage points, and more in the international market. For example, the price of daily necessities in the United States has risen by 30%, Japan is said to have reached 33%, and individual EU member states have also risen by more than 20%. The currency began to depreciate, the international gold price began to rise, and gold once again became an insurance product. After more than 20 years of slow decline, it rose by 20%. There is nothing we can do. People have always felt that gold is safer than paper money in troubled times!
By the beginning of 1936, hundreds of small banks in the United States had failed or were merged, and other countries were similar. At the end of 1935, 44 private banks in China declared bankruptcy, and 74 small banks could not operate. The money released could not be recovered, and the money deposited by customers could not be withdrawn. Therefore, people They lost confidence in small banks, and the money was not safe at home, so they had to deposit it in large banks. Large state-owned banks have been valued again. For decades, people have been used to small banks and international banks with various preferential policies. However, in this crisis, people suddenly found that the state's banks are more secure, and the four major state-owned banks have been valued again... All aspects of society have fallen into a standstill. Suddenly, some private schools stop taking classes. Although "no matter how poor you are, you can't be poor in education", everyone has no food to eat, and even their lives are almost a problem. Go to school? Take it down! But most schools are still in class. In the difficult period of the Anti-Japanese War, most schools are still in class. You can't delay a generation because of a moment of difficulties!