Stock market crash?

No, this time the United States is facing an unprecedented economic crisis!

"We are facing the worst recession since 1929!"

"No! We are in a recession that far exceeds that of 1929!"

"Everyone, look behind me. This group of people are all unemployed people. They are all looking for jobs. They formed a long queue..."

There has been a lot of news on TV, most of which talk about this matter. Yes, this matter is the biggest now. Can we not talk about it?

"My name is Henry, and I am the founder of the labor movement. We need bread! We need food! We need shelter. Some of these workers have not found a decent job for three years. They need to survive, survive!

"

A man appeared on TV. We all know him now, Henry Scott. I didn’t expect this guy to look like this at the time.○

“What does the recession have to do with us?”

"That's right! I think those adults are all idiots, so let's just decline."

"that is!"

"Ever played?"

Obviously, John is still young and cannot understand the impact of the recession on him. Moreover, his relationship with Katie seems to be getting closer. Could it be that they are a pair of childhood sweethearts? Is this also popular in the United States?

But what is being played?

Cell phone! Coarse grain cell phone!

This guy Wu Xiang used his strong connections to finally bring the coarse-grain mobile phone to the United States this year. This is definitely an event worth remembering.

This seems too sad, right? We are in an economic crisis. We are in a Great Recession. But you, Wu Xiang, brought coarse grains into the United States?

It's cheap. It can be used just in time of economic crisis.

You know, this thing is not easy to do. Then Wu Xiang must have helped the Republican Party come up with some bad ideas to save their mid-term elections. Huawei's machine in the past was also good.

Well, but they can't come in, it's a safety issue, a safety issue.

Mobile games on mobile phones, coupled with cheap machines and cheap whole grains, changed John’s childhood life. You know, mobile phones are not cheap things in the United States. We always heard that fruits are cheap in the United States, but

If you really read the contract signed with the US mobile company, you will understand that it is very cheating and is definitely not cheaper than domestic ones!

The cheapest fruit in the world is in Hong Kong. Of course, that was more than 20 years ago. Later...

Who still uses fruit?

Today's young people in 2035 will never be able to imagine how someone could cut off their kidneys and sell them for a fruit phone? Isn't this incredible?

These days, fruit phones are too cheap, right?

Why, it's so simple, it's not fun at all. It's not open source, there are too few choices. There are too few changes, it's boring. Don't even give it!

We are all familiar with this mobile phone thing, but why was the United States in economic crisis at that time? Why was it in recession?

"Actually, I think we are still making progress now. At least we are better than we were in 1929, because we know that we are in a recession now. At that time, we didn't know what we were going to face. Until a few years later, there was a

A female economist wrote an article. At that time, people knew they were in a recession. But now, we know we are in a big recession!"

"So, we still need to thank you?"

"That's right! At least we know our situation, and there is no president like Khufu in the government."

"Oh God! I'm lying on Khufu's blanket in Khufu's house, eating Khufu's breakfast..."

"Hahaha……"

Uncle Jon's talk show is still there. Although he looks older, it doesn't matter. He gets stronger with age. Well, we can understand that after a child has a mobile phone, he just watched it casually, and the result is

Such a video is not against the norm. Although Uncle Jon always talks about politics, his show is also a comedy.

However, this video I saw on my mobile phone...well, needless to say, it definitely has the nature of product placement. Wu Xiang is so bad...but this video focuses on one thing.

, that is a recession, the Great Recession!

Why has the United States reached this point?

"Actually, I have always believed that there is a problem with the current Fed's policies. These policies have not stimulated the economy at all. In fact, they are just delaying the financial crisis in 2008.

It’s been delayed until today…”

"So we're facing a bigger economic crisis, right?"

"Yes!"

Uncle Jon's show sometimes recommends some books, and the one I'm here for today is a book about the current Great Economic Recession. The name of this book is "Lying".

Does this economic recession have something to do with this book?

More or less, at least I saw some problems in this book.

First of all, we now know that the U.S. government falsified some economic data.

For example, in terms of GDP, they first changed the algorithm, and then included the contributions of drug traffickers and fallen women. However, even so, their economic data did not appear to have improved much, and their fraud was not the only one.

.

At the beginning of 2015, the United States announced its own unemployment data of 5.5%!

Yes, this data is really great. It is almost the best data in the United States in decades. Moreover, last year it was said that the U.S. economy was recovering strongly, and the U.S. dollar was strengthening...

These things were not only speculated by the American media at the time, but also in China, there were people who were excited about them!

There is a well-known blogger named Niu Mingdao who said in his article that the strength of the U.S. dollar will make the U.S. economy soar, while the Chinese economy will be finished soon... This person is what our young people are today.

I don’t know. But back then, he was a well-known ‘Air Force Commander’.

But is all this true?

The employment data looks very interesting. But what was the number of people participating in the labor force in the United States at that time?

In this regard, the United States has statistics, which refers to how many people between the ages of 14 and 64 participate in social labor?

62% is more!

Is this data good or bad?

This data tells us that 93 million people in the United States are not participating in the labor force, which is 38% of the total working-age population. Although this data includes students in schools and criminals in prison, this data is also the worst.

The worst in the United States since 1977!

It’s ridiculous, obviously the unemployment rate is 5.5%, so why are so many people not participating in the work?

Obviously, the US data is full of moisture and very large.

And the most important thing is that the cattle blogger also said that the U.S. stock market continues to rise.

This is indeed true. The U.S. stock market has always been very good, but does the rise in the U.S. stock market have anything to do with their economy?

Our Chinese story always says that it has little to do with our economy. There seems to be no way to refute this. But what about the American story? Does it have anything to do with their economy?

Why did the U.S. stock market rise?

An announcement in early 2015 showed that U.S. listed companies wanted to buy back their own shares, and the amount was more than $300 billion!

Yes, that’s it. It’s the repurchase of one’s own shares, and this is the ‘core technology’ that makes the U.S. stock market rise!

Why should you buy back your own shares?

Because you can make money this way.

Can a listed company make money in this way?

Can listed companies generate more profits in this way?

No, listed companies will not make more money, nor will they make more profits, but by buying back shares, the professional managers of listed companies will make profits, and the directors of listed companies will also make profits!

Don’t understand?

Listed companies in the United States are run by CEOs. They are not the founders of the company. They are outsiders. So outsiders must be evaluated based on your KPI. But how do you look at it?

One of them is the price of the stock. If the stock price is high, then the board of directors will be happy, right?

However, the global economy is now average, so how can we make stock prices high?

Buy your own stocks, this is the easiest way!

If you buy your own stocks, then there will be fewer stocks. If there are fewer stocks, things will become more expensive when they are scarce, so the price will naturally go up. And when other investors look at it, they will think, Huo, the price has gone up over there, buy it!

Therefore, the executives are happy, the board of directors is happy, and the people who can buy such stocks are also happy. How great.

But where does the money come from?

Why do so many people criticize the money printed in the United States as giving it to Wall Street?

It's right here, right? Besides, you can borrow it, get a loan!

Loans are cheap. They are so low abroad, but why are they still cheaper in the United States?

There is a data that many people do not know, that is, how much money have American companies spent on repurchasing their own stocks since 2008?

2 trillion US dollars!
To be continued...