The impact of the collapse of the futures market on the real economy is definitely ten times greater and ten times faster than the crash of the stock market.
It can be said that this wave of cotton prices plummeted by 30%. When the impact spreads to entities, the entire cotton industry will completely collapse this year.
The collapse of cotton will affect a series of downstream industries such as textiles, clothing and weaving, and then cause a devastating blow to the entire industrial chain.
At this moment, trading ends in the morning and is closed at noon.
Li Jin stood up and entered his office without saying a word.
In the office, Li Jin reviewed his general trading process in the United States and the entire actions of Wall Street capital in the domestic market today.
Finally, he sighed deeply.
Then he picked up the phone and called Liu Tongsheng.
This time the phone rang for a long time before being answered.
"Secretary Liu, I watched the entire action process of Wall Street Capital this morning and came to the conclusion that our previous estimates were probably too optimistic."
"We have ignored the power of Wall Street capital and their proficiency in attacking other countries' economies. Most importantly, we have forgotten the futures market."
"After my review, I came to a depressing conclusion. Comparing my actions in the United States with their actions in our country, we have no problem in terms of economic strength, technical operations, or prediction of the economic situation.
, completely at a disadvantage.”
The breathing on the other end of the phone gradually became heavier, and then Liu Tongsheng's tired voice came over, "What should we do now?"
"Organizing forces to form a defensive counterattack force must use this force as the core to confront Wall Street capital, otherwise there is no chance of winning." Li Jin said.
"The problem now is the lack of a leader." Liu Tongsheng wondered.
"Although we have also trained a lot of economic and financial talents, they are good at being generals, but none of them have the ability to be marshals. What they lack is the experience of macro confrontation with international large-capital funds. If you make the wrong choice at this time,
If you kill the leader, you will never recover."
For someone like Liu Tongsheng, who is at the top of the system, saying the words "eternal disaster" clearly proves that the matter has reached an extremely serious stage.
"I'll do it." Li Jin said softly.
Liu Tongsheng was excited for a moment, but immediately said: "No, you have to look at the American market. The time difference between the two sides is about 12 hours. This means that you have almost no time to rest. Even a tough person can't stand it."
"You have done enough during this time."
Li Jin smiled bitterly and said: "Secretary Liu, if possible, I don't want to take over everything, but in the current situation, can anyone besides me stand up?"
These words left Liu Tongsheng speechless.
Li Jin then said: "In other words, I am actually the most suitable person."
"If someone with an official background takes the lead, they are not familiar with private capital enough and cannot integrate the power of the government and the private sector. We are already at a disadvantage in terms of the amount of funds. If there is a running-in problem again, what chance of winning will we have left?"
"And if you are looking for someone with a private capital background, then the problem is even bigger. Not to mention ability, the problem of insufficient prestige is fatal."
"So, I am the most suitable person. I have the prestige to unite the power of the private sector and the government, and I also have enough experience. So at this time, I have to come forward."
Every word Li Jin said touched Liu Tongsheng's heart.
But he also understood that this was Li Jin's helpless move.
In fact, this is not true for the official.
There have long been voices suggesting that Li Jin should take over as the domestic commander-in-chief, but considering that Li Jin is now in charge of the situation in the United States and cannot do without it, this opinion has been suppressed.
But embarrassingly, except for Li Jin, they found that there was really no one available.
Those who have this ability do not have the prestige, and those who have this prestige do not have the courage.
In short, the most suitable candidate is only Li Jin.
After a few minutes of silence, Liu Tongsheng said in a deep voice: "I understand, and I will explain your opinions to the superiors."
"When there is news, notify me as soon as possible."
After hanging up the phone, Li Jin thought for a while and made a call.
After a while, the call was connected, and Li Jin smiled and said, "Are you free to come to my place with Pan Shizi? Let's talk about something."
That night, Li Jin met Prince Pan and the young prince who came together.
"Come to this familiar place again."
Pan Shizi came in and said to Li Jin with a smile.
On the contrary, the little prince's expression was not very good-looking.
Li Jin raised his head and smiled at Pan Shizi: "It seems that Pan Shizi is in a good mood?"
Pan Shizi shrugged and said: "I was not in a good mood at first. The stock market crashed this morning, and the market failed to move until the afternoon. Such a large volume of orders would probably last ten days and a half.
It can’t be solved. When will it end when Wall Street capital is done with it and the market collapses?"
"This wave directly caused my family to lose more than one billion yuan. If I continue to lose like this every day, will I be in a good mood?"
"However, today my cotton futures fell by a full 50% in the morning and afternoon. Weaving has been in Sioux City since ancient times. The little prince's family is the largest textile leader in the country. Every year, one-seventh of the cotton output in southern and northern Xinjiang is
Theirs was a direct loss of blood, and it was all blown through."
"So my mood immediately became acceptable, hahaha."
Facing Prince Pan who was gloating about his misfortune, the young prince snorted sullenly and said: "Don't be too happy too early. Sooner or later they will take action on mineral futures. I think your family will still be able to sit still? Haha, there are enough in the country.
40% share of private mining, Prince Pan, don’t talk about Prince Pan anymore, I will probably call you Pan the beggar next time I see you.”
In a heated exchange of words, the two of them explained everything about the current situation of the two families.
Even families like the Northwest Pan family and the Shanghai Wang family have suffered such heavy losses. It can be seen that other company groups or families have suffered even worse.
Although the two companies have deep foundations and strong strength, and their basic market is large enough, the losses are so serious and the figures are so terrible, but don't forget that their ability to resist risks is also several times that of others.
The loss that they feel is painful, but at the next level, it is bone-breaking and life-threatening.
"I plan to integrate the power of domestic private capital and beat Wall Street back in futures and stock markets, but I need your help in this matter."
Li Jin didn't interrupt the rivalry between the two, but said directly.