My life skills in Daming Liver

In the days that followed, just as Ren Fu expected, the steel factory's shipments of special steel increased significantly, which immediately led to excess demand for special steel.

The demand for this kind of special steel itself is not very high, and the price has been pushed up through futures trading, squeezing a large amount of undelivered steel into the market.

The combination of these, all the bad news, created a serious lack of confidence in the market.

Speculators who originally speculated in the futures market also chased the highs and suppressed the lows. When prices fell, some small speculators began to sell the futures in their hands and run away.

However, the futures prices purchased by some old players themselves were not high, and they had already made enough money and started to run away.

Hou Ping saw that the steel futures, which had doubled in price, began to plummet from two hundred silver dollars per order. In just one day, they lost all their gains and returned to one hundred silver dollars.

Hou Ping was dumbfounded. He never thought that the futures price could fall so sharply. He later covered his position again, and the holding cost had already exceeded one hundred silver dollars per order. Now he had already suffered a huge loss.

Immediately afterwards, at the opening of the next day, the price of special steel futures fell crazily again, directly falling below 80 silver dollars per order. Hou Ping's eyes were filled with bloodshot eyes. He looked at the unit price on the market. If he wanted to cut the meat now, he could make money by trading stocks. All the money received will be lost!

When Hou Ping thought of this, his heart felt like a knife. He could only hope that the price would rise again when the market opens tomorrow.

It's a pity that the next market trend completely exceeded Hou Ping's expectations.

The price of special steel continued to fall. Fifteen days later, the price of an order of special steel had dropped to 30 silver dollars per order.

Hou Ping completely collapsed. He lost all the money he earned from the stock market and lost a lot of his principal.

For Ren Fu and Lin An, they have made a lot of money.

Nowadays, the price of special steel is less than 30 silver dollars per order. The 100 orders they borrowed from Hou Ping are now worth only 3,000 silver dollars.

They bought 3,000 silver dollar futures from the market, went directly to Hou Ping, and asked to get back the 3,000 silver dollar in Hou Ping's hand.

Fifteen days ago, the price of steel was 110 silver dollars per order. The stocks borrowed for 3,000 silver dollars were directly sold by Lin An and received 11,000 silver dollars.

In these fifteen days, the two of them directly earned 8,000 silver dollars from a principal of 3,000 silver dollars!

When the two of them got back the 3,000 silver dollars, Lin An and Ren Fu both looked at each other. This was too profitable!

However, soon after the two people left the Securities Center, Hou Ping climbed up to the Securities Center building. Looking at the bustling crowd under the rooftop and listening to the cries of stocks and bonds from the Securities Center, Hou Ping closed his eyes and jumped. Jumped directly from the rooftop.

Now the housekeepers who accompanied Hou Ping to Shanghai panicked. Only then did they understand the investments made by Hou Ping during this period, as well as the futures contracts that had already fallen and lost all their money.

Seeing this situation, these housekeepers were completely stupid.

All the previous gains in the stock market were gone, and he also lost his principal. The key is that Hou Ping did such a thing without playing a supervisory role at all.

These trusted butlers are housekeepers at best, or family slaves at worst. Their life and death are in the hands of their masters, and their masters are all powerful figures in the Ming court. If you return to the Ming court like this, what will happen to you? What kind of inhuman punishment?

Many people didn't dare to think about it. They discussed it and decided to sell all the futures contracts left by Hou Ping. Then they divided the money and fled to Nanyang with their money.

Su Ze could only sigh when he saw the news about the rooftop of the Securities Center in the newspaper.

Since the emergence of finance, its original function was to obtain stable physical raw materials like Ren Fu.

However, when the speculative nature of financial products appears, people can no longer tolerate the temptation of excess profits, and finance will immediately change its flavor and quickly turn into a gambling game.

An unregulated financial market is a casino that preys on ordinary people.

Su Ze picked up his pen and wrote to Pang Xinyue again, requesting that the supervision of the futures market be strengthened, the entry requirements for the futures market be increased, the margin ratio be increased, and borrowing money be prohibited from entering the futures market.

However, the issue of financial supervision itself is a process of mutual competition.

Su Ze thought of the world before time travel, where the smartest financial practitioners worked day and night to study loopholes in supervision and find opportunities to make money from loopholes.

When the market collapses, supervision will discover and plug the loopholes and apply other patches.

And these "smart people" will continue to look for new loopholes, over and over again, until the economic crisis.

After these "smart people" brought the market to its knees, they finally clamored for regulatory agencies to rescue the market, threatening the entire country to foot the bill with the idea of ​​"too big to fail."

Su Ze remembered the conversation with He Xinyin. In the financial market, risks and returns should be equal.

High risks bring high returns. If this is the case, there is nothing wrong with it.

However, the financial market is related to the national economy and people's livelihood. Even Southeast, where the financial industry has just started, cannot allow banks and securities centers to collapse.

So in fact, these financial speculators understand that the biggest risks are all covered by someone. Just like after the price of special steel fell sharply, the Ministry of Industry immediately ordered major steel plants to suspend the production of new steel-making furnaces for special steel, digesting the market's Steel inventories are dragging down steel prices.

The upper limit of income is unlimited, but the loss is limited, which makes financial speculators even more crazy.

This is the so-called law that does not blame everyone and is too big to fail.

Su Ze continued to write to Pang Xinyue, asking him to continue drafting laws related to financial supervision, especially to strengthen the punishment of financial crimes, and to strengthen the crackdown on some financial crimes such as insider trading.

When Su Ze put down the letter, he saw the intelligence station's report on the source of the funds Hou Ping carried, and felt that the world was really absurd.

A group of Ming court dignitaries who came to the southeast to manage money were actually the first people to be severely beaten in the futures market.

These "superior men" of the Ming Dynasty were beaten up by two financial investors, and they lost the wealth and wealth they had collected for many years.

Su Ze only felt that the world he had changed became more magical, and he opened another letter.

This is a handwritten letter written by Yi Sun-shin of North Korea. In the letter, Yi Sun-Shin detailed the changes in the north.

A Jurchen force is rising rapidly in the north. These Jurchens have begun to cause serious conflicts between Han and Jurchens, and even threaten the border of North Korea.

However, Li Rusong, the governor of Jiliao in the Ming Dynasty, was very laissez-faire towards these Jurchens. Even the Jurchen leader served as an important general under Li Rusong.

Su Ze closed the letter and saw that the Jurchens were indeed in chaos.