The Son of Finance of the Great Age Chapter 48

  Chapter 48 The longest day (2)

  The stock market crash that occurred around the world in 1929 was by far the economic event with the most serious consequences, the most profound harm, and the most extensive impact. It was the darkest day in the history of American securities. Affected by the stock market crash, the entire Western world entered a decade-long period of economic depression.

In the last ten days of October in 1929, the New York Stock Exchange experienced the darkest period in history. From the massive sell-off that began on October 21 to "Black Thursday" on October 24, the stock price It was like a burst of water, and even Richard Pooh, president of the New York Stock Exchange, bought stocks himself, but he couldn't restore the decline.

  The next day, Hoover, then President of the United States, had to issue an announcement in an attempt to restore confidence in the U.S. market, but there was still no improvement.

  October 28, another day enshrined in history "Black Monday", the Dow Jones Index plummeted 13% in one day, and no one believed that the market would come back again.

On October 29th, "Black Tuesday", investors with collapsed confidence sold stocks regardless of cost. The violent selling orders swept across the sky, and the index plummeted. The stock market on that day created a history of 16.41 million shares traded The highest record, and the index also fell from the highest point of 386 points to 298 points, a drop of up to 22%. A trader described this day as the "worst day" in the 112-year history of the New York Stock Exchange.

   Entering November, the stock market continued to fall, and the Dow slipped to 198 points. Compared with its peak, it has lost nearly half of its market value.

Since then, between 1930 and 1932, the stock market has experienced six consecutive plunges. The Dow Jones Index fell to a mere 41 points. Nine-tenths of the market value evaporated out of thin air. The great economist Irving Fisher, who understood the quantity theory of money, also lost all Rand Corporation stocks within a few days, and has since been impoverished and heavily in debt.

  The stock market crash not only hit the confidence of investors, but also the banking system and the entire economic system. The stock market plummeted, investors suffered heavy losses, and were unable to consume. As a result, there was a serious backlog of commodities in the market, and bank crises caused enterprises to have no financing channels. Production was depressed, which aggravated the crisis in the stock market and the economy. This vicious circle continued. In the end, a serious economic crisis was triggered. Because the United States occupies an important position in the world economy, its economic crisis triggered the Great Depression in capitalism all over the world. Tens of millions of people lost their jobs, countless people became homeless, and hundreds of billions of dollars in wealth evaporated.

  Anyone who has a little knowledge of securities history knows this history, and Liao Xiaohua is no exception. He had just thought that Secretary Baker's speech would cause the stock market to fall, but he didn't expect Zhongshi to compare it with the 1929 crash.

   "Is this impossible?" Liao Xiaohua was full of disbelief in his heart, but when it came to his lips, he still said it very tactfully.

"I know you don't believe it, but you just have to think about how much international hot money is in the United States, and once the depreciation of the dollar becomes a reality, how much capital will withdraw from the United States, and how much money will withdraw from the stock market?" Zhong Shi said insincerely to Liao Xiaohua Don't take it seriously, but follow the good way.

   "I don't know!" Liao Xiaohua frowned and thought for a long time, then sighed softly and said helplessly.

   It's no wonder that he has been eating, drinking and having fun for the past few years, so he doesn't care about these economic things. I'm afraid he hasn't even paid attention to some economic indicators announced every month. Besides, the knowledge in Zhong Shi's mind came from later generations, and he couldn't compare it at all.

"Don't you know today's tape?" Zhong Shi chuckled, picked up the coffee on the table and sipped it lightly. After two sips, seeing that Liao's father and son were still confused, he said, "Both Haven't eaten yet? Just eat some food with me, and let's go watch a good show together after dawn!"

  The biological clocks of Liao Chengde and Liao Xiaohua are somewhat different from Zhongshi, and their work and rest time are adjusted to daytime. After all this tossing, Liao Chengde was a little tired. After he couldn't stop yawning a few times, he waved his hand, declined Zhong Shi's kindness, got into the car, and drove back in a hurry.

  Liao Xiaohua stayed to eat "breakfast" with Zhong Shi. It was already around three o'clock in the middle of the night, and the servants of Zhong's family hadn't rested yet. It took only ten minutes to make a rich "breakfast".

  Golden fried eggs, tempting bacon, crisp and delicious salad, freshly squeezed orange juice and a large plate of toast, this is the breakfast for three people. Liao Xiaohua didn't expect Zhong Shi's taste to be so Westernized. He thought Zhong Shi was like his father, and his daily breakfast was soybean milk fried dough sticks.

  After so many years of British rule, the food of Hong Kong people is also a bit of a fusion of Chinese and Western flavors. Generally, Hong Kong people have butter meal buns, fried eggs, ham macaroni, coffee or tea for breakfast. Only old-fashioned people like Liao Chengde still retain the food traditions brought over from the mainland. Fortunately, there are restaurants with tastes from various places in Hong Kong.

   After the meal, the three of them took a rest for a while, until the sky was bright, and then they gathered their spirits and ran to the Liao family mansion.

   "Today will be a very busy day, maybe there will be no rest time all day!" Zhong Shi muttered to himself while looking at the scenery of Victoria Harbour.

  Liao Chengde had been running around for half the night last night, and this person was in a bad mood. He didn't get up until half an hour after the servant notified him. When everything was tidied up, he had only a few minutes to leave the board.

   Everyone boarded a nanny car that can seat seven people, and rushed to Central.

Speaking of this nanny car, there is really a short story. Earlier, Liao Xiaohua chased a well-known actress surnamed Liu, and bought a car for her on her own initiative. Unexpectedly, the actress surnamed Liu was with a Liang The male celebrity with the surname surnamed was so hot that he ignored Liao Xiaohua without even looking at the caravan that was brought up. The deeply shocked Liao Xiaohua was furious and wanted to smash the RV in the street, but was stopped by the police patrolling the street, but all this was photographed by entertainment reporters and became a sensation in gossip magazines. The caravan became very famous.

Of course, Liao Chengde and Zhong Shi didn't know all this. In the morning, Liao Chengde remembered that there was a caravan in the garage, which was just enough to fill up the people, so he asked the driver to drive the car out, and a group of people sat in it, only to find this car The car was barely used, the interior was brand new and well thought out, it even had a fridge.

  Ever since the car drove out, Liao Xiaohua's expression was a little weird. Everyone thought he didn't have a good rest last night and didn't take it to heart. How could they think that there was something inside this!

The paparazzi in Hong Kong are world-renowned. There are several dedicated paparazzi who have been lurking in Liao Xiaohua's house for a long time. .

   "Huh? Someone is following us?" Land Rover sitting in the front seat looked in the rearview mirror a few times, and was surprised to find the strange shape behind the car. He really didn't understand, how could someone follow them, it seemed that they hadn't offended anyone recently, unless someone was going to be unfavorable to Zhong Shi?

   As soon as he thought of this, Lu Rover clenched his fists, thinking quickly in his heart, and looked at the three people in the rear compartment at the same time. Zhong Shi and Liao Chengde at the back of the carriage did not notice it at all, and were still listening carefully to the broadcast before the opening of the market. The stock market commentator who spoke fluent Cantonese in the broadcast was impassionedly saying: "In view of the improvement of the economic situation and the employment situation in Hong Kong, It is believed that the Hang Seng Index will continue to rise in the next few days..."

   "Isn't this nonsense? It's the same as saying that I was cuckolded by my wife!" Zhong Shi secretly laughed. Liao Chengde looked tired and yawned uncontrollably, apparently not getting enough rest. Only Liao Xiaohua looked restless, and his eyes couldn't stop looking backward.

   "Huh? Could it be that you are looking for Master Liao?" Lu Hu's heart trembled, and then he remembered all the absurd things about Liao Xiaohua before, and he realized something.

   "It seems that I am a little paranoid!" Lu Rover thought, but he still couldn't relax his carelessness. When he arrived at the destination, he still wanted to find out and see what the other party was up to.

   Half an hour later, the RV stopped abruptly and stopped in front of a skyscraper. There were hundreds of brokerage companies gathered here, and the funds in and out every day were calculated in the billions. Liao Chengde opened an account in an unremarkable brokerage firm here, but he only manages his money for himself.

  Based on Liao Chengde's current wealth, if he wants to find a brokerage firm, those big securities companies, wealth management departments of investment banks, and even financial management departments of banks may come to see him one after another, and they will try their best to convince Liao Chengde. The reason why I chose such a place where brokerage firms gather is to hide my real identity.

   "Zhong Sheng, Liao Sheng, you go first, I'll be there later!" When the four got out of the car and entered the building, Lu Rover said suddenly.

  Regarding Land Rover's move, Zhong Shi just nodded and continued walking forward with a blank expression. Liao Chengde shrank his neck subconsciously, looked around with some anxiety, and then said to Lu Hu: "The fifteenth floor, Renfu Brokerage Firm."

  Liao Xiaohua walked forward with a guilty conscience, fearing that he didn't even hear what Lu Rover said.

Li Guohao is a reporter for a gossip magazine. He is responsible for photographing the whereabouts of dating between the rich second generation and female celebrities. But the female star hasn't shown up yet, so he still has to wait for a long time.

   "Friend? What are you doing here sneakily?" Just as he was complacent, a cold voice came from behind. He turned pale with fright, and was about to turn his head, but a palm the size of a cattail fan fell on his head, making him unable to move.

  Feeling the chill coming from behind, Li Guohao panicked. He said sternly, "What are you doing? Let me tell you, Hong Kong is a place ruled by law..."

  Before he finished speaking, a hand knife slashed heavily on his neck, making his eyes dark and he lost consciousness.

  Liao Chengde and Zhong Shi walked into the brokerage firm, and saw a busy scene. The brokers ignored the sweat dripping from their foreheads, and made calls one after another, with anxious tones.

   "What's the matter?" Liao Chengde was a little strange, he pulled a manager who happened to pass by him, and asked in puzzlement.

"Ah? Liao Sheng, the Hong Kong Index has plummeted! It dropped 120 points at the opening, and now everyone is panicking!" The young and pale broker was held back by Liao Chengde, and first a smile appeared on his face. A trace of anger, after seeing the person in front of him clearly, immediately turned into a respectful expression, and spoke out all about what happened to the Hang Seng Index.

   "Sure enough!" Liao Xiaohua clenched his fists and was about to shout out.

   "Zhong Sheng, what's going on?" Liao Chengde gave his son a dissatisfied look, then turned to ask Zhong Shi.

   "Sheng Liao, you've made a lot of money with your empty orders!" Before Zhong Shi could speak, a flattering voice sounded out of thin air. It was the deputy general manager of this brokerage firm and Liao Chengde's agent. (Please click, please recommend, please collect)

  (end of this chapter)

Chapter end