Chapter 276: Economic Crisis: Should I Participate?

Previously, Han Songlin went to Zhou Tong's wedding, and then after returning home, Han Songlin and Liu Yuyan talked about Zhou Tong going to Southeast Asia. They talked a little more, and about the situation in Southeast Asia.

Han Songlin took out some information about the future and bragged a little, saying that several countries in Southeast Asia now have very good economic development, but there are also many problems.

There are problems with education, the economic model, and so on.

Han Songlin even predicted that Southeast Asia would definitely experience an economic crisis, and the origin of the outbreak might be Siam, the country Zhou Tong is currently visiting.

He then mentioned that the outbreak of this economic crisis was a shearing operation by Wall Street in the United States; as the world's only superpower, the United States is rapidly heading towards the path of a financial empire.

Then, using financial means, it grazes the world and shears wool everywhere.

Han Songlin looked at Tang Yan and didn't know what to say at the moment.

You, how showy you are!

Other people, when they become interested in something, they just stay at the stage of being interested and don't go to the next stage.

But Tang Yan, when she becomes interested, she just goes straight for it.

Before she left, Han Songlin left Tang Yan more than ten thousand yuan as living expenses, so that she could buy food and clothes as she pleased.

Now it seems that Tang Yan hasn't spent it recklessly.

Most of it has been spent on books.

Han Songlin was naturally very satisfied with this, and never bothered to ask Tang Yan how she spent the money.

Liu Yang sat there quietly, not saying a word. He naturally knew what Tang Yan was doing.

Everyone has the right to pursue their own ideals.

Liu Yang fully supported Tang Yan.

Of course, the premise of this support was that Tang Yan had always maintained her position as the top student in her year.

It was infuriating, but it was also inspiring.

Tang Yan, who spent every day in class reading extracurricular books, was still the top student in her year.

Liu Yang can't even show off like her.

Usually in class, Liu Yang listens carefully.

Well, Tang Yan is studying the liberal arts, and most of her knowledge relies on memorisation.

And for Tang Yan, memorisation is really not difficult, especially when it is done with understanding; all knowledge has its logic, and if you understand that logic and then study it, you will learn much faster and it will become a lot more interesting.

'Finance!' Han Songlin didn't know quite how to evaluate this thing.

As a product of human economic and social development to a certain extent, finance has been fully integrated into all aspects of human society.

Its manifestations, good or bad, have been seen by everyone.

And now, the United States undoubtedly leads the way in human finance.

It is not an exaggeration to say that Wall Street rules the world.

Han Songlin's eyes were slightly closed as he quietly considered something.

In the past, Han Songlin had never dared to get involved in the financial sector because, apart from buying and selling stocks, his knowledge of finance was extremely limited.

Han Songlin bought stocks, engaged in price speculation, and held them for the long term.

Basically, once he bought a stock, he just laid back and didn't look at it again.

I still remember that Han Songlin first entered the stock market in 2014. At that time, he knew nothing about the stock market, but why did he enter it?

I just felt that after being bearish for such a long time, it was about time for the market to turn bullish.

I entered the market just a month after it started to rise, and

I even got on the bandwagon.

Well, as a novice, I thought the bandwagon would keep going up, and I got off when the top fell and profits were recouped.

Han Songlin remembers the Asian financial crisis of 1997–98 and the global financial crisis caused by the US subprime mortgage crisis of 2007–08.

Han Songlin remembers both of these major events.

Well, Han Songlin does remember these two major events, especially the imminent Asian financial crisis.

Before that time, Han Songlin had never thought about this.

Until Zhou Tong went to Siam.

At that time, he just thought about it, and had no intention of doing anything specific.

Because Han Songlin himself does not understand financial operations and other things, and Han Songlin does not know much about this financial crisis.

But now, Tang Yan has come along.

She has suddenly aroused some interest in Han Songlin.

The situation in Siam is a bit like that in China. What do I mean?

High savings, low loans!

Yes, the banks have a lot of money in reserve, but they are not lending it out.

Are the banks in a hurry at this time?

Of course they are, because deposits have to be paid interest on.

But if they want to issue loans, they can't just issue them indiscriminately.

Why was Soros able to easily exchange a large amount of Siamese currency in Siam? Other people operate by using high-quality assets as collateral and then taking out large loans from the bank.

The Siamese bank saw that the collateral was all high-quality assets.

Without hesitation, they quickly granted the loan.

After getting the money, Soros exchanged it for US dollars and then spread the word in the media that Siam's economy was in trouble.

The domestic media in Siam also scrambled to report on it, making it look as if the Siamese economy was about to collapse.

When public opinion is aroused, the market will definitely react.

The stock market is inherently emotional.

If everyone says you're finished, then no matter how good you are, you won't make it.

Facing the attack of international hot money, Siam was defeated.

The currency depreciated.

Then the money borrowed from the bank before was returned, and there was a large amount of profit.

Does this operation feel very familiar?

'Uncle, don't look at me like that, I'm scared!'

Liu Yuyan laughed lightly, and she knew that Han Songlin was just staring at Tang Yan, completely lost in thought!

Often, Han Songlin would get lost in thought, and Liu Yuyan was used to it.

Han Songlin shrugged: 'You're not as pretty as my wife, why would I look at you?'

Han Songlin wasn't sure whether Tang Yan would be able to shoulder the heavy responsibilities in the future.

Maybe she could, maybe she couldn't.

He would take things one step at a time.

Han Songlin would not do anything to force the issue, and would just see how far Tang Yan could go.

Of course, Han Songlin would provide some necessary help.

For example, he would give Tang Yan a few hundred thousand yuan to let her practice in the financial market.

The domestic financial market was currently in a mess, and was actually quite suitable for practice.

Because it is chaotic and the rules are not well-established, it is really a test of one's abilities for small retail investors to survive in it.

Heroes emerge in troubled times, but I don't know how many heroes have already turned into piles of bones without leaving a name, even before they have grown up.

The future financial giants are basically polished in this troubled time.

It is like Morgan in the United States. Why is it Morgan? Because he emerged step by step and finally laughed at the end.

Looking at the financial history of the United States, there were more powerful existences than Morgan, but they fell.

Don't think that the one who survives is the strongest. It can only be said that he is the ultimate victor.

After all, the strongest are often the first to suffer, because they will be besieged by others.

Those who can achieve victory are all old and cunning.

Tang Yan gnashed her teeth. She really couldn't refute this, and she snorted, 'Hmph!'

One day, this girl will be more beautiful than Yan.

But after a glance at Liu Yuyan, Tang Yan instantly lost heart again; forget it, forget what she said earlier.

Why was it that Uncle was able to marry such a beautiful woman as Yuyan?

Would Han Songlin say that it was all thanks to the author's arrangement?

After returning to the orchestra pit, Han Songlin went to Fule Liquor Industry first to find Han Songqing and chat for a while.

This year, the Han family reunion dinner also proceeded as usual.