Chapter 1068 Price War

Soros was having a hard time, feeling like a dog biting a hedgehog, and William White was even more uncomfortable. With the spread of the Asian financial crisis, the originally pretty good IT industry also encountered setbacks.

The most tangled thing was that the four-star group, which was heavily in debt, suddenly went mad.

"Filson, can their current financial situation support this kind of behavior?"

"Boss, it is roughly estimated that the foreign debt of Four Star is close to 18 billion US dollars, ahem, boss, let alone insolvency, in fact, it is not too much difference."

Pfft, William White spat out a mouthful of water. Fortunately, the distance was far, and Felson was not caught.

"Ahem, I'm sorry, what did you say? 18 billion, are you sure it's not Japanese yen?"

"Boss, it's really not, and this number may increase at any time.

The only good news is that they gave up their plan to continue making cars. "

"Okay, I'm still sober, but how long has it been? Is there still no word on Kia's bankruptcy?"

Filson said that he couldn't understand, and he didn't know what was growing in the heads of the group of Smectas.

"Hey, let's follow up, Four Star is clearing the field here. Although I don't know where his self-confidence comes from, I can't back down."

"It looks like that's the only way to go."

The price has been collapsing all the way, but it's not just memory. The biggest headache for William White was his oil and gold.

For a moment, William White suddenly realized that he seemed more and more like Mao Zi, or that Mao Zi's interests were actually the same as his.

Speaking of Maozi, this group of guys is unlucky enough. The economy has just started to improve, and the prices of oil and non-ferrous metals have begun to collapse.

The quality of gasoline and diesel is not very good. If it is a tractor, the problem is not too big. Forget about BMW and Mercedes-Benz. The expensive maintenance costs will definitely make you vomit blood.

The quality of the steel is also not good, don't talk about European standards, even the Rabbit Country said it was unacceptable. Unless it is used to build a pig's nest, I dare not use it in other places.

These are all basic products. As for electronic products and automobiles, there is no way to export them, and no one will buy them.

Poor product quality has caused a problem. The things that can be exchanged for foreign exchange are all resource products.

No one wants aluminum ingots, get some bauxite. No one wants steel, get some iron ore. No one wants gasoline and diesel, so get some petrol.

Gold is okay, but still useless. There is no shortage of such things now, so you can make it cheaper.

The foreign debt has exceeded 100 billion, and the foreign exchange reserves are only more than 10 billion. In order to obtain more foreign exchange, Maozi started a price war.

Nima, can you still be promising? What kind of self-sacrifice is it to fight a price war on resources?

The European friends saw it, hey, it’s not bad, then, I don’t want to dig here, if you are cheaper, we won’t buy oil with black buddies.

Damn Rio Tinto and BHP Billiton, aren't you planning on lowering your prices?

For resource assets, William White has never engaged in any price wars. If it doesn't work, I'll dig a little slower, and if it doesn't work, I'll build a rockery with iron ore.

Alas, there is nothing you can do about oil. You can only hedge this kind of stuff in the futures market. It is impossible to get back all the losses, the most is to reduce the losses a little.

The demand for iron ore is falling, the demand for oil is also falling, and the demand for gold is still falling.

If that's the case, don't say anything. Let's see who has the lower price?

"History will remember this incident. You ask me how much impact it has, I don't know. As for whether the crisis has passed, if you think too much, it will be a disaster.

Okay, that's it, I have a meeting. "

The reporters who surrounded the White Center did not expect that this cool ghost would answer the questions for the first time.

"Mr. White, Mr. White, some people say that Soros caused this disaster, what do you think about this issue?" William White paused, and looked at the reporter with a wry smile. Nima, are you planning to make trouble? ?

"Ahem, this statement is groundless, George is actually a good man, I don't think he would be so mad.

If it was really him, only Mustache could be compared. "

Throwing down a shocking sentence, William White turned and left, ignoring any questions.

Of course, the reporters were not dissatisfied, except for a few rookies who couldn't figure out who George was.

There is no way, those who like to surround William White are generally entertainment journalists, if it weren't for the Asian financial crisis, there shouldn't be so many professional media here.

They are excited now. It doesn't matter what you said in William White's original words. The important thing is how we interpret it.

The person who started the Asian financial crisis is the same as the mustache, Nima, this news is really explosive.

Fuck, what are you waiting for, report the story to the editor.

"Tsk, is he a good person? Charlie, dealing with this bastard, if it is touted, it will definitely not be a good way."

Charlie Munger was somewhat disapproving, or he could understand William White's mood.

"With such a heavy loss, you can still praise your opponent."

"Cough, cough, Charlie, is this a compliment?" Buffett smiled wryly. He could completely imagine what Soros would look like.

Yes, since you want to eat this bowl of rice, it is inevitable to be greeted by your ancestors. Who told you that you are a hedge fund. Your success is built on the ruins of others.

But who is the mustache?

"Fuck, it's not the right way, if you continue to provoke him..." Buffett is not stupid, a person who likes to read, really understands the meaning of this sentence.

Yes, it's true that Mustache is a scum, even in hell, he is still a scum.

However, during the period of World War I and World War II, it was not you businessmen who bought short and sold short to steal.

Buffett is very smart, and those old guys are naturally not stupid.

Why hold Soros so high?

The reason is very simple, if the situation gets out of control, you can step on 10,000 feet.

Well, if George is a good guy.

They dare not continue to think about it. Some money is not so easy to digest. If it is not good, serious intestinal obstruction may occur.

Wall Street investment banks are not blindly greedy. When the World Trade Center was demolished, the bosses were very well-behaved. As for those who are not sensible, someone will take care of you afterwards.

The same goes for the subprime mortgage crisis. You mess around casually in Europe and need marketization. If you dare to mess around in the United States, there is no discussion about cleaning you up.

Of course, 2008 was a watershed year. Eagle sauce's economy reached its peak in 2005, and in the next few years, they were just in various waves.

Therefore, if you don't let people come to the United States to interfere, this can be easily achieved. As for the marketization you mentioned, just talk about it, and you really don’t need to take it too seriously.

In fact, there is a consensus in the academic circles that government intervention will not prevent the economic crisis, but there is one point that they can slow down the impact of the economic crisis.

As for that Soros who is doing sabotage everywhere, why can't we see you messing up in the United States?

It turns out that you also know that doing so is risky, and it turns out that you are also afraid of being settled by Qiuhou.

Hahaha, it's just a goblin with a backstage. It's okay to bully Elder Tang. At the last moment, someone will always come to the rescue. But, do you dare to act wild in front of your master?