Chapter 387 Another Margin Call



Now everyone is overjoyed. Some even say Xing Baohua is a living bodhisattva.

When Xing Baohua returned to the hotel after get off work, he saw that the eldest princess was personally preparing something for him.

It is commonly called a bento box.

It's just some vegetables, plus seaweed rice rolls, similar to Japanese sushi.

Actually, this thing was first introduced to Japan from China, and after a period of evolution, it was introduced to South Korea.

That's how this strange and unusual food came about.

Xing Baohua recalled eating plain noodles with soy sauce when he was a worker.

Soak white steamed buns in hot water with a little soy sauce.

But adding soy sauce to white rice—isn't it supposed to be cooked with vegetables?

The soy sauce is specially made; it's not very salty, just slightly sweet and savory.

If he had known, Xing Baohua would have asked the kitchen to make some braising liquid. He loved to eat rice soaked in braising liquid.

"Where did you get this?" This is a hotel room, a place where we don't cook.

"Go down to the kitchen. This, this is something I made myself. These dishes were made based on what you've been eating these past few days." The princess said, picking up a piece of food and stuffing it into Xing Baohua's mouth so he could try it.

Fortunately, it wasn't one of those culinary disasters; it was just okay. You could treat it as a decent meal, but if you're hoping to fill your stomach with this, it's probably just plain white rice with soy sauce.

While eating, he asked the princess to turn on the TV.

The news on television continued to report on the stock market crash.

Suddenly, a message appeared: a speech by Federal Reserve Chairman Alan Greenspan: "In fulfilling its responsibilities as the Federal Reserve Bank and to support the normal functioning of the economy and the financial system, the Federal Reserve System today reiterates its commitment to ensuring liquidity in the financial system."

Important speeches won't be explained directly to you; you have to listen carefully, think deeply, and interpret them carefully.

Understanding the meaning may bring benefits, but if it is misunderstood or misinterpreted, the resulting losses can be incalculable.

Of course, ordinary people can just watch the show.

Xing Baohua picked up the phone, swallowed the food in his mouth, and called the analyst who was off work to ask if he had read Greenspan's speech.

The other party said they hadn't read it yet, so Xing Baohua repeated the content to them.

The analyst paused for a moment, then told Xing Baohua that the Federal Reserve had asked major banks to loosen their lending policies, with the Federal Reserve providing a safety net.

If major banks really follow the Federal Reserve's lead, then bankrupt companies will have a chance to recover their losses.

Bankers are bloodsucking devils too! During financial crises, in order to avoid risks, they will freeze the funds of many companies in advance to protect themselves.

They were afraid that the companies that had taken out loans would go bankrupt and be unable to repay their debts, so they resorted to tricks like collecting debts in advance.

This kind of thing is frequently seen in the news.

Who can borrow money during a stock market crash? Probably no one, unless they offer collateral, but even then, the amount available is very limited.

Banks generally reject loan applications from companies without collateral, which is why the Federal Reserve stepped in to bail out high-risk companies.

Do you really think Greenspan has a big face?

Do bankers really listen? Capital is capital. Like a mosquito, it won't fly away until it's satiated. At most, they'll give Greenspan some face and find some high-quality clients to lend to.

In other words, the official bailout measures implemented by the United States are merely a superficial effort.

After the market opened, the price fell as expected.

After understanding what was going on, Xing Baohua ate what he wanted and played what he wanted...

Yeah, I'll stop playing now, or my back will break.

Continue read on readnovelmtl.com


Recommendation



Comments

Please login to comment

Support Us

Donate to disable ads.

Buy Me a Coffee at ko-fi.com
Chapter List