Rebirth: The Financial Giant

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In the next time, Lu Mingyan officially entered the main topic, leaned comfortably in his seat, looked at everyone in a relaxed tone and said, "...When talking about the financial issues just mentioned, it has to be extended from abroad, everyone. Think of the subprime mortgage crisis in the United States in 2008, including the United Kingdom at that time. Around 2002 and 30, the growth of the labor value part of the United Kingdom, that is, the real part, has ended."

"What followed? The property market in the UK has boomed, and debt and leverage have started to increase. If you were a British man and you were a worker at that time, it would mean that in the next 20 years you have a high probability of There will be no significant income growth. But if you start to leverage and add debt to buy a house at that time, OK you will change your life forever, and as leverage and debt take off, the City of London will recover.”

While talking, Lu Ming tapped the laptop on the table in front of him, and the conference projection screen behind him also jumped to the next screen. Everyone listened silently and looked at the data on the projection screen and listened. thinking.

And Lu Ming continued: "We are engaged in finance. If we are talking about tacky, we are chasing money. If we are taller, we are chasing leverage and debt. Where there is debt and leverage, we should go where we go, and vice versa. Leverage and getting rid of debt are telling you that you have to go and you can’t stay for long. So the question is, where is the leverage and debt now?”

After a moment, a young man in the meeting thought about it and boldly replied, "Domestic?"

Lu Ming smiled, nodded and said: "Yes, in China, so if you look at it, you will find why there are more and more so-called financial returnees in recent years, because most of the locals in London City and Wall Street are mixed together. It's miserable, how can they be foreigners? They can only come back!"

As he spoke, Lu Ming looked at the ceiling in the conference room and recalled: "I remember there was a brief chat with Lao Wang in private. It was Mr. Wang Yue, and Lao Wang asked me why I didn't invest in large-scale overseas? Why not in Europe, America and the Western world? More investment? The rivalry between countries is part of the reason but that's only superficial."

"And the underlying logic is... Actually the answer is very simple, that is, from now to the future, the best place to invest in the world is in China, and leverage and debt have migrated from the West to the East, from the City of London and New York City to Shanghai and Shenzhen. In the UK and the US back then, the process was actually quite simple, that is, the deviation of residents' debts rose sharply, and a large number of residents' debts increased, so Wall Street made a lot of money, and the City of London made a lot of money. ."

The young people present thought about it carefully, and they felt the same way. The current situation in China is similar in purpose. The saying of "six wallets" is essentially the result of people increasing leverage and debt.

It's just that they are now following a brother, so they are full of hope for the future, but more people are gradually desperate.

The so-called middle-class families with a scale of hundreds of millions, looking at the liabilities of 4 million behind the assets of 3 million, say that they are worth millions, but that is only real assets, not liquid cash, which really makes these so-called middle-class people get tens of thousands of dollars. It's enough to come out for a while, and I don't dare to spend the money indiscriminately.

Lu Ming continued: "This way you will know why the inflow of foreign capital is continuing to increase, and it cannot be stopped. I can say that foreign capital will not dare to bear down on my country's economy in the next 35 years. Confused by the illusion of a bear market, in fact, I am very sad, a large number of core assets are being bought by foreign investors. irrational behavior."

Having said that, Lu Ming tapped the space bar on the laptop again. Everyone looked at the conference screen, and a slideshow showed the foreign capital inflow data.

Lu Ming stared at the screen on his laptop and said, "Just looking at the inflow of the well-known Lu Stock Connect into the stock market, in the second quarter of this year, there were only 7 trading days with net foreign capital outflow, and all other trading days were net inflows. And it is a crazy net inflow. On April 18, the net income was more than 7 billion yuan, on April 19, the net income was more than 5 billion yuan, and the net income was more than 5 billion yuan on this day. In the seven trading days, the largest single-day net outflow was only more than 3 billion yuan, and even more funds came in through other gray channels.”

Lu Ming's eyes shifted to everyone: "Could it be that these inflowing foreign capital are good people? They are here to make profits, why do they dare to keep buying the bottom? Because Wall Street financiers see the essence of the problem, that is, our common people. The debt and leverage of the world are soaring year by year, what did you say before? Wherever leverage and debt go, capital will follow.”

"If I were a Wall Street player, I wouldn't panic, because I know that as long as the time period is extended, my current position will be a buying point in the future, and I will make money in the future, but it's just a loss now. There are many people in the company. Very excited, the reason is that we buried foreign capital at 3587 points, which is regarded as a major victory, what is there to show off? It’s just killing a group of speculative capital, and those long-term holders?”

"The pension fund in Norway, how can you kill this kind of left-hand transaction? Tiansheng Holdings continues to buy 30,000 yuan, and Wu Liangye is still buying more than 80 yuan, and he doesn't sell it. Just buy it, but domestic Investors are constantly selling these high-quality core assets…”

"On the earth, from now until the next 30 years, the relatively best and healthiest economy in the world is our country. What are you doing with him? Isn't this Shabi? Core assets have value in this place. Yes, take a step back and say that this is also called defense, this is called the invincible, you know? The good defender is hidden under the nine grounds, and at this time I bet he can't go down, and it's too much to go down, what are you empty?"

"This is not a question of belief, nor is it a question of stance of justice, but an objective question. Why do you want to empty him in this place? What reason do you have to empty him? You can empty this thing if you want? The words of Mr. Feite came out: No one will make a fortune by shorting their own country, and the big short Soros is also making a fortune in other countries. Even the well-known hedge funds on Wall Street are long in their bones. "

In fact, Lu Ming doesn't really care about how much foreign capital makes money in Big A, because he knows that in the end, foreign capital cannot be stopped from making money. What he really cares about is the battle for pricing power. You can make money with foreign capital, just like mid- and long-term investors. Side deals are actually welcome.

What can't be tolerated is that foreign capital, by controlling the pricing power, will enter and exit greatly, and in a short period of time, it will create steep ups and downs and repeatedly cut leeks back and forth.

The mission of Tiansheng Capital is to keep as many core assets and wealth as possible in the country and keep them in the country and in the hands of the Chinese, instead of being taken away by foreigners and being lost overseas on a large scale.

The trillion-scale liquidity is now in hand, just to compete with foreign capital for the floor price of core assets in the second half of this year.

Lu Ming took a sip of water and looked at the crowd and said, "Why can't you just go in? Three logics are finished. The first is the property market. The property market has been super hot in the past two years, but it can't be hot forever. A house has changed hands for the first time. At that time, it is equivalent to five young people discounting his future cash flow back to you. You take the money to eat, drink and have fun, and the person who takes over wants to learn from you, so if the house is doubled, it will cost ten A young man discounts his future cash flow back."

Said Lu Ming shook his head and spread his hands: "Can this gameplay continue to be played? How many rounds can this exponentially growing game be played? Anyone with normal thinking knows that it can't be played, and the more you go, the more you use it. Is it enough for young people? What happens when no one takes over? That is, what happens when debt and leverage become unsustainable? Of course, the debt collapses.”

"But we have controls. It is unlikely to collapse, but it is also unlikely to continue to soar. So when the real estate investment in the crazy two years ends, the domestic fund industry will enter a stage of rapid development. I estimate that the time node will be Before and after 2O2O, this is actually similar to the 1980s in Laomei. The return on investment in the property market has dropped, which will inevitably lead to a big move of funds. UUkanshu www.uukanshu.com can only move from the property market into the stock market, because it is willing to take the initiative to enter the real estate market. There are few, that stuff doesn't make money."

Lu Ming continued in an orderly manner: "Second, my country's economic development model is changing, transformation and upgrading is the only way, and we must maintain a growth rate of 6% every year. If the property market does not rise, where does this growth come from? Of course it's not the stock market, but It is an entity, and the entity lies in high-end manufacturing, high-tech and high value-added, and the industry is upgrading. In the next ten years, my country's economy will shift from high-speed growth to high-quality growth, profits will be transferred to industry leaders, and the equity of industry-leading companies is scarce. , then the core assets will definitely reflect the capital market, and the asset prices will definitely reflect the rising pattern. At that time, you will see that the Shanghai Stock Exchange may still be at more than 3,000 points, but the industry indexes, leading companies, and core assets will skyrocket to new highs. , so what's your reason for shorting him in the A-share market?"

"Finally, the third is the massive inflow of foreign capital. Since foreign capital is buying the core assets, why don't they close Lu-Share Connect? It is an inevitable trend. As the second largest economy in the world, it is only a matter of time before my country will become the world's No. 1. In addition, A shares have been included in the three major international index systems successively, and the channels for foreign capital to flow in and out of A shares have been basically opened up. The allocation demand for A shares will increase significantly in the future, so it is still the same sentence, why are you shorting him in such a market? Isn’t it sick?”

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