If you cheat, money will follow

Chapter 658: Need guidance

3 month 15 day.

What Powell thought was chance struck a third time.

On that day, U.S. stocks opened sharply lower in early trading, with the S&P index falling more than 7%, triggering the circuit breaker mechanism again.

Trading resumed 15 minutes after the suspension. The three major stock indexes continued to fall, with the S&P index once falling close to 12%.

As of the close, the Dow Jones Industrial Index fell 9.63%;

The S&P fell 9.21%;

The Nasdaq fell 7.4%.

In just three trading days, three consecutive circuit breakers wiped out all the economic development achievements since the Sleeping King came to power.

Sleeping King was criticized across North America and around the world.

Among them, the craziest one is undoubtedly the King of Understanding.

He labeled the Sleeping King one by one as "extremely incompetent," "disaster," "liar," "ignorant," and "completely unaware of what he was doing."

Know Wang even claimed: "It is almost unimaginable that such a disastrous president is still considering re-election."

"If he still has any self-respect, he should immediately take responsibility and resign."

White House.

"Bang bang bang..." The Sleeping King rarely banged the table in front of Powell.

The beating was so hard that it was deafening.

"Is this an accident you think?"

"Is this what you think, that market sentiment is short-lived?"

"Mr. Powell, you should congratulate me. I have become the only president in the history of North America to experience six market meltdowns during his term in office."

"Of course, I also want to congratulate you. You will be the chairman who has experienced the most circuit breaker times since the establishment of the Federal Reserve. You will go down in history nine times."

Facing the criticism, accusations and ridicule from the Sleeping King, Powell looked at a loss.

He just sat on the chair, staring blankly at the Sleeping King dancing and foaming at the mouth in front of him.

However, his ears kept buzzing and he didn't hear a single word.

He couldn't understand what was causing everything that was happening now.

This was completely contrary to what he had learned throughout his life.

Panic?

did exist.

The market is short?

It cannot be denied.

But these are not enough reasons to blow the circuit breaker three times in a row.

When did the North American stock market become so sensitive, willful, and fragile?

When will the market meltdown, just like a woman’s emotions, come at a moment’s notice?

"What are they really worried about?" Powell muttered.

"I'm worried that you will raise interest rates again, Mr. Powell!" Sleeping King shouted in his ear:

"Don't you understand yet? The market has been suppressed by artificial interest rate policies and has completely lost its elasticity."

"In an inelastic market, any slight fluctuation could have catastrophic consequences."

Powell was completely awakened by the cry of the Sleeping King.

He stated: "Mr. President, we will study it."

"No! I don't want to study, but I want to study immediately." Sleeping King shook his head and said with an unprecedented stern attitude and an almost commanding tone:

"You can call the members of the committee now, right here in my office. Wherever they are, they have to come."

"I hope to see accurate, credible and reliable research results released to the public tonight."

"I prepared a lot of coffee and tea, and no one can rest until the results are confirmed."

The next day, 1 o'clock in the morning.

The Federal Reserve released the minutes of its monetary policy meeting.

The minutes clearly stated an emergency interest rate cut of 50 basis points.

The 50 basis points rate cut was the Fed’s largest rate cut since 2008.

The minutes also pointed out: "Economic fundamentals remain strong, but local banking problems and market panic have brought more risks to economic activities..."

"We are closely monitoring developments and will take appropriate action to support the economy."

Under the threat of successive "circuit breakers", Powell finally gave up his hawkish tone of "higher and longer".

A compromise was made with reality and the market.

Sleeping King finally breathed a sigh of relief.

He's been under a lot of pressure these past few days, and now, he seems to finally be able to get a good night's sleep.

As for the shame caused by the circuit breaker, it has become a reality and cannot be changed.

People still have to look forward.

As long as the economic fundamentals continue to improve, no one will care about this.

He had just fallen asleep in bed when he was awakened by an urgent phone call.

He picked up the phone and immediately exclaimed: "What?"

"reconciliation?"

"How can this be?"

In his opinion, this issue cannot be reconciled!

He immediately dialed a phone number, and as soon as the call was connected, he started spraying:

"Why didn't you remind me about this?"

"Why don't we know anything about what happened?"

"By the time we found out, they had already completed the settlement?"

"Mr. President, because our intelligence network has been completely destroyed, we now know almost nothing about any movements on the other side." The other end of the phone explained.

"This is just an excuse for your incompetence. The more important reason is your dereliction of duty. Someone must be responsible for this matter." After the Sleeping King finished speaking, he hung up the phone angrily, and then slammed the phone against the wall: You Make Me Sick! (You make me feel sick!)

3 month 16 day.

After the U.S. stock market opened, affected by the Federal Reserve's interest rate cut, the three major stock indexes rose rapidly. The Dow Jones Industrial Index rose by 900 points in a straight line, and then fell back.

The Nasdaq and S&P indexes rose by more than 5% in the short term, and then fell back.

Jiangzhou.

Leda Building.

After completing the Great Reconciliation of the Century, Sha Guo Xiaosa came to Jiangzhou with his wife and children.

His wife will experience the joy of rejuvenation at Fule Medical Beauty flagship store in Jiangzhou.

Accompanied by officials from relevant departments, he came to Leda Investment to "visit" Chang Le.

The word "visit" is Xiaosa's own definition.

He told relevant department officials that he admired Chang Le.

In this regard, it is also understandable.

After all, before entering the official career, Xiao Sa's greatest ideal in life was to create a great technology company like fruit and become a person who affects the world like Steve Jobs.

Now, his idol has become Leda Investment.

"Hello, Mr. Sa, nice to meet you."

"Mr. Chang, I am also very happy to meet you. In my heart, you have always been the greatest investor in the world."

The two exchanged pleasantries and were polite to each other.

"I cannot afford this praise. It is undeniable that Leda Investment has indeed achieved some achievements, but these achievements are due to chance and luck, and there is still a long way to go before greatness." Chang Le is very modest.

As soon as he got there, he was given a high hat, but his arms and legs were too small to wear it firmly.

"No, Mr. Chang, you are too modest. You and your company can take the responsibility. I have carefully studied every big investment of your company." Xiao Sa said:

"In these large investments, we not only achieved benefits, but also achieved win-win results. This is what other institutions and investors around the world should learn from."

"Including our Aramco. Our Aramco hopes to get your guidance to help us learn and improve."

"Guidance?" Chang Le didn't understand for a moment.

The world's most profitable company needs his guidance?

Guidance for what?

How to sell oil?

Just kidding.