Fortunately, the answer is satisfactory. Before this technical adjustment, the two British foundations had already ran away with their buckets and did not suffer any losses from this round of stock market crash. This is no problem. The UK should make profits.
We have already made enough. If other international capital suffers losses, it certainly has nothing to do with the UK.
Now it depends on whether Japan's stock market crash can rebound or whether the general trend is downward. Paying attention is purely to watch the excitement. Your own money has been saved. The supreme authority is justified.
I just don’t know if Japan’s real estate market will be affected by the stock market. After the Plaza Accord, Japan’s real estate market has also risen sharply. The statement that Tokyo can buy the United States is from this period. The grand narrative may not be able to summarize the booming Japanese real estate market.
, let’s put it this way, Japan once had a real estate worth three million square meters when converted into the currency of a certain major country.
It seems that this kind of real estate has never appeared in a certain big country. Even if there is a batch of houses with some historical sites, such as courtyard houses, they probably don't have such prices.
"Japan's life has been great in the past few years. Let's see what happens next." Alan Wilson remembered that the stock market crash seemed to have happened a year early, but it didn't matter, it was within the same range.
To say that Japan has been doing very well from top to bottom in recent years, Japanese corporate investment has expanded sharply. With high stock prices, the rapid appreciation of new stock issuances. When banks are looking for investment funds in real estate, stock issuance becomes a company
An important source of financing.
In turn, companies used their real estate holdings to engage in indirect stock market speculation, thus forming dual real estate and stock market bubbles—real estate prices continued to skyrocket and the Nikkei stock price index continued to skyrocket.
Once the stock market continues to fall, Japan's housing market cannot be immune. It is just a difference between half a year and one year. At the Ministry of Finance meeting, Alan Wilson used Japan as an example, saying that the UK's economic development still needs to lay a solid foundation.
Don't think that because the British financial system is strong, there is nothing to worry about.
He still remembers that the Soviet Union had just disappeared, and Mrs. Thatcher came to attack the British pound without stopping following the special relationship advocated by Mrs. Thatcher. He did not believe that the Soviet Union was still around and the United States would treat Britain this way.
"But when we look at Germany, it seems that it is much more stable. Germany is also a signatory to the Plaza Accord, and it seems that it has not been affected much." Treppence spoke, "Can we say that this is still Japan's own problem, not Japan's own problem.
It is universal.”
"Germany is still important. If it were me, I wouldn't dare to harvest Germany." Alan Wilson said, changing the topic, "And Germany is not without its problems. Before the Plaza Accord, Germany had an economic aggregate of 700 billion.
The amount is now 1.4 trillion, which has doubled in four years. Looking at the exchange rate of the mark, who doesn’t know that this is also a boast, but it is not as obvious as in Japan.”
Isn’t this round of economic growth just a bubble? It was used to scare the Soviets. Britain also has its own problems, and the situation in the United States is similar. After all, both Reagan and Margaret Thatcher played financial magic.
It's just that Japan can only play this way within its own country, and there is still a place in the UK to release the pressure.
Compared with Japan, Germany's policies are much more stable. Alan Wilson certainly admitted this, but it is also true that Germany has not endured the huge pressure from the United States like Japan.
Alan Wilson also played a negligible role in this. After the Toshiba incident, he took the opportunity to unite with France to drive away many Japanese companies in the European market. Without the Japanese to compete for food, the pressure on Europe was much less. In fact,
The reason for this is very simple. If Japan dies first, Britain and Europe will have a chance to breathe.
Of course, this fiscal meeting was also effective. The conclusion of the discussion was that Japan's problems are its own problems, not the problems of the free world. The current situation of the free world is still in our advantage.
After the meeting, the British Embassy in Budapest sent the results of the conference of the Hungarian Socialist Unity Party. Under economic pressure, this conference was particularly eye-catching. Hungary is different from other Eastern European countries. During the Kadar period, Hungary has accumulated a lot of economic achievements.
the results of the reform.
Compared with the surrounding countries, the situation in Hungary is actually quite good. Now the map itself is undergoing reforms, and it hopes to encourage Eastern European countries to follow suit. This time, not only Moscow is paying attention to the Congress of the United Socialist Party, but also the free world.
Bian is also paying attention.
At this time, Japan's bubble is beginning to burst. Alan Wilson has to advocate the special relationship between Britain and the United States with Bush Sr. The situation in Japan cannot be allowed to affect the reform wave in Eastern Europe.
The United Kingdom and the United States must work together to tell the world that Japan's problem lies in its own greed and has nothing to do with the general environment of the free world. Other countries should do well. Only in this way can Eastern European countries not hesitate and stop being hesitant because of Japan's situation.
The United States quickly responded. On such a major matter, Bush Sr. did not make excuses because the situation in Poland forced the United States to abandon Solidarity. But if good news can come from Hungary, it will also be a great victory.
Maybe it will be better.
After all, facing Poland, which has a foreign debt of more than 30 billion, the United States may have to invest a lot to set a positive example. Hungary's situation is much better.
"We also agree that Hungary's economic situation is better than other Eastern European countries, especially better than Poland." Alan Wilson agreed, saying that he was from the United States and agreed with the views of close allies. Putting down the phone was not the case.
.This is indeed the case here in Eastern Europe, but it may not be the case around the world.
Currently, Eastern European countries, including the Soviet Union, are facing difficulties for two main reasons. The first is the magic method of dismantling the devil. Reagan caused the U.S. debt to skyrocket.
But this trick is actually useless. If the blockade is tight enough, people in Eastern European countries will not know about it, and the sequelae will be quite serious.
This chapter is not over, please click on the next page to continue reading! So Alan Wilson looked at Mrs. Thatcher and Reagan, both struggling in their own countries, and he just wanted to have fun, and he didn't think this trick was of any use.
.Wouldn’t Japan just explode?
But the other trick is very fatal, which is to transfer low-end industries to the third world. If we exclude many hungry countries in the world, it is just the United States and the Soviet Union, and Western Europe and Eastern Europe that continue to compete like this. The Soviet Union and Eastern Europe are not
Completely at a disadvantage.
Eastern European countries can fully cope with such competition through internal adjustments. Take Hungary, for example, Kadar has reformed the past state-owned planned economy and delegated the management power of state-owned enterprises to enterprise workers. The government should try to interfere as little as possible in enterprise affairs.
, basically realizing workers’ autonomy.
At the same time, the government is also reducing intervention and management in the market. It can be said that Kadar's reforms have transformed Hungary from a state-owned economy plus planning to a collective economy and market mechanism.
Hungary is no longer a planned economy. In other words, capitalism has long been restored. During Kadar's trip to the East, he was warmly praised by a major country.
The reform was successful at first and then failed, simply because Eastern Europe was in a position of neither superior nor inferior. In any aspect, Eastern European countries are incomparable with Western Europe. The gap between Eastern Europe and Western Europe is much wider than the gap between the United States and the Soviet Union.
.
Manufacturing costs are too high in Europe and the United States, while Eastern European countries have certain technological capabilities and the costs are much lower than in Europe and the United States.
The wages in Europe and the United States are one to two thousand a month, which also makes me feel uncomfortable, because wages in Eastern Europe are only about half of those in the free world, and sometimes even lower. The products produced are quite competitive, which leads to
If the United States and the Soviet Union, Western Europe and Eastern Europe continue to confront each other like this, the free world itself will feel uncomfortable, and it will not find an opportunity to squeeze on Eastern Europe.
After the implementation of neoliberal reforms in Europe and the United States, most manufacturing and heavy industry companies no longer employ local workers, but migrate to Asia, Africa and Latin America in search of cheaper labor. For example, when investing in and building factories in Bangladesh to hire Bangladeshi workers, Bangladeshi workers
With a monthly salary of 20 yuan, the monthly salary in Europe and the United States is 1,000 to 2,000 yuan, but it is quite crowded by the salary in Eastern European countries of 3,000 to 5,000 yuan.
But once it moves to a country with lower labor costs, Europe and the United States, which are at a higher level in all aspects, will be temporarily safe, but Eastern European countries with a lower status will be hit first.
Therefore, before the implementation of neoliberal reforms in Europe and the United States, the industrial products of Hungarian companies had a cost advantage in the international market compared to local companies in Europe and the United States. Therefore, the products of Hungarian companies were more profitable, and the export boom naturally drove economic growth. And in Europe and the United States, the industrial products of Hungarian companies were more profitable.
The company's products have no cost advantage, so weak exports affect the economy.
After the implementation of neoliberal reforms in Europe and the United States, European and American companies no longer hired local workers but went to Asia, Africa and Latin America to hire workers with cheaper labor costs. The industrial products they produced naturally had labor cost advantages and technological advantages compared to Hungarian companies.
As a result, Hungary's economy has deteriorated, and the same reason is why Yugoslavia is currently experiencing economic difficulties.
Eastern European countries can only feel their own economic difficulties now, and they don't know the reason. The population controlled by the Soviet Union is smaller than that of Europe and the United States. Europe and the United States are also the first to transfer low-end industries and bring other countries in to make their own plates bigger. Eastern Europe
Naturally, I couldn’t stand it any longer.
It was not just Alan Wilson who was chatting and laughing on the surface but secretly observing the Hungarian conference. The purpose was of course the same, hoping that something good would happen.
Sure enough, two days later, news came from Budapest that reforms to political pluralism could be implemented on the basis of a parliamentary system, and Hungary replaced Poland as the first Warsaw Pact country in the world to change its system.
Although this news is worthy of joy, it still requires the reaction of the Soviet Union. After all, everyone knows who the real master of the Eastern European countries is. Then everyone breathed a sigh of relief. The map head indicated that this was a victorious conference. The Soviet Union congratulated Hungary for taking a critical step.