Fortunately, the answer is satisfactory. Before this technical adjustment, the two foundations in the UK had already carried their buckets and ran away, and did not receive losses in this round of stock market crash. This is no problem, and the UK should earn money. It has already earned enough, and if other international capital suffers losses, it must have nothing to do with the United Kingdom.

Now let's see if Japan's stock market crash can rebound, or the general trend is downward. The concern is purely to watch the excitement. If one's own money is kept, 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, the Japanese real estate market has also risen violently. The statement that Tokyo can buy the United States is from this period. The grand narrative may not be able to summarize the popularity of the Japanese real estate market. Well, let's just say that Japan once had a real estate of 3 million square meters converted into the currency of a certain big country.

It seems that this kind of real estate has never appeared in a big country. Even if there are a batch of historic buildings such as courtyard houses, they should not have such prices.

"The days in Japan have been great these past few years. Let's see what will happen next." Alan Wilson remembered that the stock market crash seemed to come a year earlier, but it doesn't matter, it belongs to the range of not bad.

It can be said that Japan has been living a good life from top to bottom in the past few years, and the investment of Japanese companies has expanded rapidly. Along with the high stock price, the rapid appreciation of new stock issuance, when banks are looking for capital investment in real estate, stock issuance has become an important source of corporate financing.

Conversely, companies used their real estate holdings for indirect stock market speculation, thus forming a real estate and stock market double bubble—real estate prices continued to skyrocket and the Nikkei stock index continued to skyrocket.

Once the stock market continues to fall, Japan’s housing market cannot survive alone. It is nothing more than the difference between half a year or a year. At the meeting of the Ministry of Finance, Alan Wilson took Japan as an example, saying that the UK’s economic development still needs to lay a solid foundation. One cannot think that the UK's financial system is strong enough to have no scruples.

He still remembered that just after the Soviet Union disappeared, the special relationship advocated by Mrs. Thatcher came over to attack the pound without stopping. He didn't believe that the Soviet Union was still there, and the United States would treat Britain like this.

"But when we look at Germany, it seems to be much more stable. Germany is also a signatory to the Plaza Accord, and it seems that it has not been affected much." Trepons spoke, "Can it be said that this is Japan's own problem, not universal."

"Germany is still important. If it were me, I wouldn't dare to reap Germany." Alan Wilson said that the topic changed, "and Germany is not without problems. Before the Plaza Accord, the German economy was 700 billion. The amount is now 1.4 trillion, doubling in four years. Looking at the exchange rate of Mark, who knows that this is also blown up, but it’s not as obvious as Japan.”

This round of economic aggregate explosion, isn't that a bubble that blows up? It was used to scare the Soviets. Britain also has its own problems, and the situation in the United States is similar. After all, Reagan and Mrs. Thatcher did not play financial magic less, but Japan can only do so in its own country, and Britain still has places to release the pressure. go out.

Compared with Japan, Germany's policy is much more stable. Allen Wilson certainly admits this, but it is also true that Germany has not endured the enormous pressure of the United States like Japan.

Alan Wilson also played an insignificant role in this. After the Toshiba incident, he took the opportunity to cooperate with France to drive away many Japanese companies in the European market. Without the Japanese robbing food, the pressure on the European side was much less. The reason for this kind of thing is very simple. If Japan dies first, Britain and Europe will be able to breathe.

Of course, this fiscal meeting was also effective. The conclusion of the discussion was that Japan's problems were its own problems, not those of the free world. The situation in the free world is still in my favor.

After the meeting, the British embassy in Budapest sent the results of the Hungarian United Socialist Party’s conference. 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 the result of the reform.

Compared with the surrounding countries, the situation in Hungary is actually quite good. Now the map leader is reforming himself, and he hopes that the Eastern European countries will follow up quickly. This time, the United Socialist Party Congress is not only paying attention to Moscow, but also to the free world. Bian is also paying attention.

At this moment, Japan's bubble is beginning to burst, and Alan Wilson has no choice but to advocate the special relationship between Britain and the United States with Bush Sr., and the situation in Japan cannot be allowed to affect the reform wave in Eastern Europe.

The United Kingdom and the United States must join hands to tell the world that Japan's problem lies in its own greed, which has nothing to do with the general environment of the free world. Other countries are doing well, so that Eastern European countries will not hesitate and not hesitate because of Japan's situation.

The U.S. responded quickly. In such a big event, Bush Sr. does not include lakes, because the situation in Poland has forced the U.S. to abandon the Solidarity union. But if good news can come from Hungary, this is also a great victory. Maybe it will be better.

After all, facing Poland, which has more than 30 billion foreign debts, the United States may have to invest a lot to set a positive example. The situation in Hungary is much better.

"We also agree that Hungary's economic situation is better than other Eastern European countries, especially Poland." Alan Wilson agrees that he is on the US side and agrees with his close allies. Putting down the phone is not the case . This is true here in Eastern Europe, but it may not be true around the world.

There are two main reasons why Eastern European countries, including the Soviet Union, are currently facing difficulties. The first move is the demon’s disintegration of Dafa, and Reagan led to a sharp increase in US debt.

But this trick is actually useless. If the blockade is tight enough, the people in Eastern European countries will not know it, and the sequelae will be quite large.

So Allen Wilson looked at Mrs. Thatcher and Reagan, both struggling in their own country, and he just had fun in his heart, and didn't think this trick was useful. Wouldn't Japan explode?

But the other trick is very fatal, transferring low-end industries to the third world. If many hungry and full countries in the world are excluded, only the United States and the Soviet Union, and Western Europe and Eastern Europe will continue to compete like this. The Soviet Union and Eastern Europe were not completely at a disadvantage.

Eastern European countries can deal with such competition through internal adjustments. Take Hungary as an example. Kadar has reformed the previous state-owned planned economy, devolved the management of state-owned enterprises to enterprise workers, and the government interfered as little as possible in enterprise affairs. , and basically realized worker self-government.

At the same time, the government has also reduced its 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 a market mechanism.

Hungary is no longer a planned economy. In other words, capitalism has been restored long ago. During Kadar's trip to the East, he was warmly praised by a certain big country.

The success of the reform at the beginning and the failure later was nothing more than the fact that Eastern Europe was in the same position. No matter from 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. .

The cost of manufacturing in Europe and the United States is too high, while Eastern European countries have certain technological strength, and the cost is much lower than that in Europe and the United States.

The salary in Europe and the United States is one or two thousand a month, which is also very uncomfortable for me, because the salary in Eastern Europe is only about half of that in the free world, and sometimes even lower. The competitiveness of the manufactured products is not bad, which leads to the confrontation between the United States and the Soviet Union, Western Europe and Eastern Europe, the free world itself will feel uncomfortable, and there is no chance to run on Eastern Europe.

After the implementation of neoliberal reforms in Europe and the United States, most manufacturing and heavy industrial enterprises no longer employ local laborers, but migrate to Asia, Africa and Latin America to find cheaper labor. A monthly salary of 20 yuan, a monthly salary of one or two thousand a month in Europe and the United States, is enough to be squeezed out by a salary of three to five hundred in Eastern European countries.

But once it is transferred 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 lower positions will be the first to be impacted.

Therefore, before Europe and the United States implemented neoliberal reforms, compared with European and American local enterprises, the industrial products of Hungarian enterprises had a cost advantage in the international market. Therefore, the products of Hungarian enterprises can make more money, and the export boom naturally stimulates economic growth. However, the products of European and American companies 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 hire local workers, but go to Asia, Africa and Latin America to hire labor with cheaper labor costs~lightnovelpub.net~ The industrial products produced are naturally more labor-intensive than those of Hungarian companies Cost advantage and technical advantage.

As a result, Hungary's economy has deteriorated, and the reason for Yugoslavia's current economic difficulties is the same.

Eastern European countries can only feel their own economic difficulties now, and they don’t know what the reason is. The population controlled by the Soviet Union was originally smaller than that of Europe and the United States. Naturally, I couldn't stand it anymore.

On the surface, talking and laughing, secretly observing the Hungarian conference, not just Alan Wilson, of course, the purpose is the same, looking forward to good things to happen.

Sure enough, two days later, news came from Budapest that the reform of political pluralism could be implemented on the basis of the parliamentary system. Hungary replaced Poland and became the first Warsaw Pact country in the world to change its system.

This news is certainly worth gratifying, but it still requires the Soviet Union's reaction. After all, everyone knows who the real master of the Eastern European countries is. Afterwards, everyone breathed a sigh of relief. The map head said that this was a successful conference. The Soviet Union congratulated Hungary for taking the crucial step step, do not interfere.

Please remember the first domain name of this book: . :