Chapter 347: Consequences of the Crash
readx; The Spring Festival of the second year of Shaoxi, and then the Spring Festival, which was more lively than the New Year. Zhao Dun, an official from the Song Dynasty, personally staged a lantern show to enjoy the people. After the rendering of the "Great Song Beijing News", a festive scene of joyful joy in the sky was vividly displayed on paper.
Looking back on the first year of Shaoxi, the soldiers and civilians of the Song Dynasty achieved great achievements under the leadership of Zhao Dun, the new emperor. Although a good foundation had been laid by the old emperor Zhao Xing, the new emperor had drawn out several new special zones at the beginning of his coming to power. Now there are Xiamen Special Zones, Zuodu Special Zone, Ryukyu Special Zone, Taiwan Special Zone, Luzon Special Zone and Cratt. It is said that Sakhalin Island will become a new special zone in the Song Dynasty in the near future. It seems that the era of the great Song Dynasty shining all over the world has arrived.
Among them, the most worthy of the book is the successful listing of the Sado Special Zone, which can be said to be a huge victory in the military and politics of the Song Dynasty. With the Japanese being convinced, the Tian Dynasty took all the face. The gold mines in the Sado Special Zone have been continuously mined. This is an open secret. According to legend, the gold dug by the Sado Special Zone alone can increase the income of 5 million yuan per year for the Song Dynasty. As for the little money the Japanese lost, it is just to subsidize a little bit of the emperor's household income. Well, Japanese labor is really good, and it is even easier to use than Kunlun slaves in the Tang Dynasty. The wages are so cheap, and they are also very hardworking, greatly alleviating the tension in the low-end labor force of the Song Dynasty.
The second aspect is that the Song Dynasty expedition to Dali in the west and achieved a brilliant victory. After General Xin captured the government office, Duan Zhixing, the emperor of Dali Kingdom, was obviously frightened. This emperor who recited Buddha's name every day was originally similar to a puppet, and the national government was controlled by Gao Guanyin. When the power of the Song Dynasty was unstoppable, Duan Zhixing also set up an abacus. The confrontation seemed to be out of hope. He also took advantage of the truce period deliberately left by General Xin to start to arrange secret envoys to negotiate with the Song Dynasty.
In fact, the Song Dynasty has always been particularly generous to those who surrendered to the land, so after negotiations, Duan Zhixing's conditions were almost done. It seems that if both sides don't beat me and I won't beat you during the gap between the Spring Festival and the Spring Festival, they are not idle. When Gao Guanyin Zheng saw that things were not done, he secretly arranged a secret envoy to come and talk to Damashin Xin. Since he couldn't win, there was only one way to surrender, but if he could win some benefits, he still had to try his best to fight for it.
The Duan and Gao clans in Dali had limited trump cards, so of course they would not ask for a price all over the sky. The national policy of the Song Dynasty was very favorable, and it was always good for the surrendered ruling factions. Therefore, Duan Zhixing and Gao Guanyinlong had no problem becoming a rich man after surrendering to the Song Dynasty. As for the Duan and Gao clans, they had been lush in Dali for so many years, and the Song Dynasty was not reluctant to make any changes. After all, they still hoped that the two families would not make trouble in the future. In general, both sides were just stingy on some details. If Xin Qiji had not been serious in doing things and refused to let go of water casually, the monarch and ministers of Dali would have surrendered long ago. But no matter what, it was only a matter of time for the monarch and ministers of Dali to surrender. In other words, Dali would never have to fight any more and could be included in the rule of the Song Dynasty in a relatively harmonious way. Such an ending was not only facilitated by Xin Qiji and was also a pleasure for the Song Dynasty court.
The recovery of the entire territory of Dali and renamed it Yunnan was even better than the Tang Empire. Therefore, the newspapers unanimously agreed that this was a symbol of the revival of the Song Dynasty.
To talk about regaining Dali, in addition to making the monarch and ministers of the Song Dynasty extremely excited, the stock investors with real status brought considerable benefits. Victories after victory brought strong stimulation to the stock market. The stock market soared sharply under the stimulation of the war. Before the war, it had already risen to more than 900 points, and rose by more than 8 times at the benchmark of 100 points. Before the Chinese New Year, the stock market soared to an incredible 2,800 points.
The situation is really good. The military, political and economic success is reported on the whole. Zhao Dun, who has been emperor for only a year and a half, is so happy.
During the Chinese New Year, many bull market thinking people wrote articles in newspapers pointing out that as long as the news of the surrender of the monarch and ministers of Dali after the festival was announced, the stock market will exceed 3,000 points in one fell swoop, and the market is expected to challenge 5,000 points in the future. Some optimistic guys even predict that six thousand points are easy, eight thousand points are not dreams, and so on.
There are some inappropriate statements, such as Ye Shi pointed out that they should not be overly optimistic. Wen Yuan, who represents the opinions of "returnees", has also written articles many times, mostly cautious and worried, and his view seems to be that the stock market is difficult to stand at 3,000 points. Of course, Zhao Dun did not believe this. Zhao Dun felt that Dali's major positive news could make the stock market 1,000 points. However, with Zhou Bida, the cautious prime minister, and Lu Yijian's repeated advice, Zhao Dun ultimately did not insist on holding the stock market heavily, and at least converted 40% of the cash.
After the lively Spring Festival, the stock market, which had been closed for 20 days, finally opened again.
After the market opened, the stock market continued to rise, but encountered resistance at 3,000 points. On the 18th of the first lunar month, the news of Duan Zhixing's decline was officially announced. The stock market was stimulated by this positive news and easily crossed 3,000 points and rose to more than 3,400 points in one fell swoop.
Just as people were looking forward to 4,000 points, the market showed signs of weak upward trend.
However, the investors in the Song Dynasty who had not suffered any major setbacks in this era did not give up. In the following ten days, the bulls made two efforts to hit 4,000 points, but ended twice at 3,600 points.
Unexpectedly, after being blocked twice at 3600 points, the market turned downward, and in just two days, it fell back below 3000 points.
Optimistic 12th Century stock investors still feel that the decline is just a temporary pullback and will resume the upward trend in a few days. Wasn’t that the last time?
By the way, it was Mao Geng who scared himself last time. The arrival of a group of "time travelers" made Mao Geng mess up his position, causing a wild move to sell stocks, which led to a false alarm in the stock market. That time, Mao Geng was guilty. After becoming the leader of the time travelers, he naturally had to buy back several stocks, so the stock market quickly got rid of the slump and staged a scene of a Jedi counterattack.
However, this time, the scene of the Jedi counterattack did not happen. Instead, after a brief return, it fell all the way and soon fell below 2,500 points.
Two more days later, Zhao Dun was in a very bad mood these two days because the stock market was still falling.
"What did you say? It fell to 1800 points? It's impossible!" The highest point of 1800 points is half of the 3600 points, and the stocks will basically be cut in half. Zhao Dun really couldn't accept this.
"10 million guan, it's gone!" Zhou Bida whispered carefully, it was really painful, otherwise Zhou Bida wouldn't have touched Zhao Dun's bad temper.
"You can't just lose in vain. Lu Aiqing said that you can notify Mao Geng and the others and ask them to raise 8 million guan. The court raises 12 million guan. You can buy the bottom! I don't believe it. If you spend 20 million guan, how can the stock market rise again?" Zhao Dun's meaning is nothing more, it is to recover the losses.
"Your Majesty, oh, old minister is saying that you must be very cautious in this matter. I heard that the stock market has been falling all the time in the past two days, and all those holding stocks are in panic. The court nominally lost 10 million guan in this plunge. In fact, in terms of principal, the loss is only 3 million guan, and the loss of 3 million guan is not a big deal to the court. If it is said, what I said is, if 12 million guan is invested again, if it still falls, wouldn't it really cost 10 million guan? If that is the case, the court will use the money accumulated over the years. I may come from this, rumors will arise and endanger the government. If it causes the depreciation of Huizi, the disaster will not be far away!"
The one who came out to give advice was Zhao Ruoyu. He was a royal family and naturally dared to speak a little. The loss of the treasury would affect Huizi's credit. This is what everyone wants. According to Zhao Ruoyu's idea, at this critical moment, we must never take risks.
"According to your opinion, is it not only not suitable to buy at this point, but also sell it. Do you mean that?"
Zhao Dun's tone was already quite unkind. Zhao Dun thought to himself that as an important official of the court, he was in a mess. As for this, Zhao Dun was of course unhappy.
However, Zhao Ruoyu was more and more afraid of thinking about it, for fear that this matter would shake the root of the country. So he replied without thinking:
"I think this is the case. Selling is a safe move. If it falls to 1,000 points again, no one dares to say what the decline will be!"
Chapter completed!