The rise of a great power: starting with military industry

Chapter 558 Black Monday is coming
this day.

Liu Tao came to Hong Kong.

The global stock market was booming at this time, but Liu Tao had already seen the hidden dangers and he firmly believed that this financial crisis would break out again.

At the beginning of the year, the international oil price was more than US$35 per barrel, but now it has exceeded US$45 per barrel.

The international demand for oil has always been in a growth stage. The world uses US dollars for settlement. As international oil prices rise, the international demand for US dollars increases significantly, which forces the US dollar to appreciate.

However, the appreciation of the US dollar is completely against the US national interest.

On one hand, Saudi Arabia and other oil-producing countries are making huge profits by using oil to rob the whole world.

On the other hand, American taxpayers can hardly afford the oil prices, yet they insist on not allowing the dollar to appreciate!
It just so happened that at this time, China's oil consumption has been increasing rapidly due to its rapid economic development in recent years. Even though China's oil production has also increased very rapidly in recent years, its oil exports have continued to decrease. By this year, China is no longer a net oil exporter.

China also imports some crude oil, which is then refined into finished products and exported to Japan and South Korea.

You have to know that China does not export oil. This is 3 to million tons of oil a year, which means a loss of almost million barrels.

However, under such circumstances, the global stock market is booming.

This is not just true for the U.S. stock market, it's true for other major stock markets as well.

The same is true for the Hong Kong stock market.

If you tell the world at this time that an economic crisis is about to break out, no one will believe it.

The previous layout has been quietly completed in major global stock markets, waiting to be harvested.

Liu Tao came to Hong Kong this time to personally take charge of the city.

On October 10, the U.S. stock market was in turmoil. In the morning, the U.S. released trade deficit data that was lower than market expectations. Within 7 minutes of the stock market opening, the Dow Jones Industrial Average plummeted.

For the next week, the U.S. stock market continued to fall in panic.

October 10th is Monday in the United States.

morning.

Office workers are always so busy, and coupled with the fact that everyone has a lot of fun on weekends, they don’t have enough energy in the morning.

It was the same as every Monday morning before.

Especially on Wall Street, almost all securities companies, fund companies, and financial companies are holding meetings.

Most companies have only one agenda - how to make money in the stock market, make more money, help clients make money, and at the same time, help themselves make money.

From 1982 to the present, the Dow Jones Index has more than doubled, and the stock markets of Italy, Japan and West Germany have risen by 3.56 times, 3.51 times and 1.6 times respectively. The stock markets of other countries have also been rising continuously.

It can be said that this is the best time to make money in history.

But starting from October 10, things started to go wrong.

The prices kept falling and falling, and the market was in a panic.

If their clients suffer losses, they will be scolded bitterly.

The problem is that as people working in the financial industry, they are actually also losing money, or even more.

Because they are good at leverage.

Although many people earn hundreds of thousands of dollars or even millions of dollars annually, they have suffered heavy losses in the past two weeks, and their annual salary is not enough to cover the losses.

On Monday, October 10, the time finally pointed to 19:9 New York time!

The time when the New York Stock Exchange opens.

As soon as 9:30 arrived, people at the exchange became busy.

Just like last week, although the stock market is falling, there are also opportunities. Some people lose money, while others make money.

The stock market is so magical, when it falls, some people make money, some people lose money; when it rises, some people make money, some people lose money!
In the stock market, there are always stock gods born. One by one, unknown people become stock gods and become millionaires or even tens of millions of dollars.

There are always miracles happening here, it just depends on who can perform the miracle. Even veteran stock investors who have been immersed in the stock market for ten or twenty years may not make money, and many lose money.

Often, some people who have just entered the stock market make money.

At first, when the market opened, the New York Stock Exchange was flooded with sell orders as soon as it opened.

Chicago's S&P 500 index fell 7% in its first trading session!

The stock market keeps falling!

1738.47, finally stopped moving!

The ever-changing Dow Jones Index stopped at this number and no longer changed.

At 11:30, the stock market closed.

The stock price plummeted in a short period of time, and even the management did not have time to come up with countermeasures.

Time stood still, and everyone stared blankly at the exchange's display screen.

Why! ?

How could such a horrible situation occur?

I've seen a decline, but I've never seen one as severe as this.

"I will be a brave man again in 18 years!"

A well-dressed white man in a suit stands on a building with his arms outstretched as if he wants to throw himself into the arms of the Lord. Perhaps he thinks he is a bird with wings and wants to fly high.
"Bang~~"

The human body jumped down from more than ten floors and hit the ground heavily, creating a deep hole in the hard ground and splashing blood everywhere...

No one screamed because this scene was normal on Wall Street.

Every year there are always people jumping off buildings, it’s just a matter of more or less.

Here on Wall Street, jumping off buildings is normal.

New York is a paradise for the rich and a hell for the poor.

As the saying goes, if you love her, send her to New York, because it is heaven; if you hate her, take her to New York, because it is hell.

Now these people who have lost miserably have nothing left. They have lost everything. Living is a torture for them. They will be burdened with huge debts. Living is worse than death for them. In this case, it is better to choose to end it all. They only need to jump lightly and start all over again.

There was not just one person who jumped off the building, there was a line of people waiting to jump off the building.

At this time, people on Wall Street were either already queuing upstairs, or walking towards the roof, or preparing to walk towards the roof.

The stock price suddenly plummeted by 22.61%. They had never seen anything so brutal.

从10月3日至9日的一周，道琼斯指数下跌了158.78点，跌幅达6%。从10月11日到16日的一周，道琼斯指数下跌235.48点，即下跌了9.49%。

That is to say, it fell by 394.27 points in the previous two weeks.

Many people think that the market has hit bottom and will rebound next.

It is precisely because of this that a large amount of hot money is attracted to the stock market in pursuit of profits, and they want to drive up stock prices wildly in order to make a profit.

But who could have thought that this Monday would give everyone a heavy blow at the beginning of the week.

In just one morning, the Dow Jones Industrial Average fell 508.32 points, from 2246.72 to 1738.47, a drop of 22.6%, twice the drop on October 1929, 10, which triggered the Great Depression, setting a record for the largest one-day drop.

The number of points the Dow Jones Industrial Average fell in one morning was 128.93% of its combined decline over the past two weeks.

This also broke through everyone's psychological defenses.

Countless financial traders, financial managers and other financial professionals lost everything.

That doesn't mean that the stock price just dropped by 22.6%, resulting in a 22.6% loss in your assets. Rather, your positions were directly forced to be closed, and you lost everything, and were also burdened with a huge debt.

(End of this chapter)