But the specific time and method of rescuing the market are already somewhat vague in my memory from my previous life.
So what Greenspan is going to say next should be very important.
"Let's take a look first. He should announce a series of plans soon."
Sure enough, Greenspan on TV did not let Li Jin and Huo Huanyu wait too long and directly announced a series of rescue plans.
Preferential policies such as relaxing taxes and fees to stimulate real enterprises have little to do with Li Jin, and he doesn't pay much attention to them.
What really caught Li Jin's attention were two measures.
"Improving the review standards and requirements for foreign personnel and institutions to enter the U.S. stock market."
"Comprehensively lower the benchmark loan interest rate and the reserve interest rate of financial institutions by 0.3 percentage points each."
Although Huo Huanyu doesn't know much about macroeconomics, he also realizes that these two policies have a crucial impact on the current situation.
"What does this old man mean?"
Huo Huanyu followed the good tradition of asking questions when he didn't understand anything. He turned to glare at Li Jin and asked.
Li Jin also breathed a sigh of relief when he saw that Greenspan started to talk about something else. It seemed that there was nothing useful anymore.
"It's okay, it's not as strong as I thought."
After saying that, seeing Huo Huanyu's anxious look, Li Jin turned to explain to him.
"The literal meaning is easy to understand. The first one is to start controlling the amount of foreign capital entering the U.S. stock market. This is inevitable. Although the means are rogue, there is nothing wrong with using extraordinary measures in extraordinary times like this."
"As for the second item, it is to reduce loan interest and deposit interest, especially the reduction of deposit interest, in order to release social deposits. When people find that money deposited in banks does not earn interest, they will naturally seek new investment channels. The stock market is
Their best choice."
"It's just a 0.5 percentage point reduction at one time, which is a bit cruel."
Li Jin remembered that in his previous life, the reason why this incident did not have a significant impact on the U.S. economy was because the series of rescue plans were very sound and timely.
But there are also some twists and turns.
For example, U.S. officials and the Federal Reserve mistakenly underestimated the impact of this incident on the U.S. economy at the beginning, so that the storm lasted for nearly a week before they came up with a more powerful rescue plan.
That is to directly use national reserves to enter the market.
But Li Jin did forget the specific number and how it came in.
It seems that this life will be similar.
"Will it affect our money making?" Huo Huanyu is most concerned about this.
"There will definitely be."
Li Jin's answer made Huo Huanyu's face suddenly fall.
"But it's not that serious. It's just that the efficiency has dropped a little. We'll know when the market opens tomorrow." Li Jin comforted Huo Huanyu.
The sky was getting bright again, and Li Jin, who had stayed up for two consecutive nights, had not slept for nearly 70 hours.
After sending Huo Huanyu away, Li Jin couldn't stand it any longer and got up and went to the lounge to sleep.
Su Wanqing came once in the middle, but when she saw Li Jin sleeping deeply, she immediately left quietly.
He also ordered the people outside not to disturb Li Jin's rest no matter who came.
While Li Jin was sleeping, there was another person who had not slept for several days but could not sleep.
"Damn, that's it!?"
Xu Heng had a sinister expression on his face, staring at the TV that had finished the live news broadcast, furious.