Chapter 599: Have ulterior motives

Since the outbreak of the economic crisis in December 1969, the U.S. economy has experienced a downturn for 13 consecutive years. The average annual real GDP growth rate is only 2.9%, which is far lower than the previous average of 3.87% to 5.69% when the economy was performing well. The inflation rate has reached a staggering 10.46%, which is far higher than the average inflation rate of 2.33% to 3.54% in various economic stages after the war.
During this period, the Fourth Middle East War that broke out in 1973 spurred oil prices to quadruple within two months, from US$3.01 per barrel to US$12 per barrel, leading to significant economic growth in all industrialized countries. Slowing down, in 1974, the US industrial production value entered a downward path for an unprecedented time, and fell by 14% in one breath. The Japanese country, which relies almost entirely on imports of energy and minerals, is even more miserable. Its industrial production value has fallen by more than 20%. !
What about the corresponding economic growth rate in the same period? Britain’s is -0.5%, the United States is -1.75%, and Japan is -3.25%.
This is not over yet. In 1979, the internal political situation of Ibos was changed, the pro-Western king fell, and the second oil crisis broke out. Since the end of 1979, the price of oil has soared from 13 US dollars per barrel to 34 US dollars per barrel!
If it weren’t for the United States, it had signed an oil-dollar settlement system with Haosha, the world’s largest oil producer. If it weren’t for the United States to force the oil price back to around US$10 per barrel in order to suppress the Soviet-Russian economy, the international economic situation can be said to be a one-off. gray.
During the so-called "stagflation" stage of the economy, the United States experienced four economic crises. The bottoms were November 1970, March 1975, July 1980, and November 1982.
There is no doubt that these macroeconomic changes will be effectively reflected in the stock market, so in the first half of November 1982, whether it is Dow Jones, S&P 500 or Nasdaq, it has been falling.
It has to be said that the current president of the United States, Reagan, is a powerful figure. This third-rate actor from Hollywood has taken a series of measures after coming to power, including tax cuts and reduction of government spending; tightening monetary policy, greatly increasing interest rates, and stabilizing the money supply. , The current federal funds rate is even close to 10%.
These measures prompted the U.S. economy to bottom out and rebound. Starting from the end of November, as various published economic data, including the manufacturing boom index and non-agricultural employment rate, gradually improved, the market began to gradually pick up.
The general trend began to pick up, and confidence in the stock market has also recovered. The Dow Jones, S&P 500 and Nasdaq stock indexes finally began to reverse upward, and the situation began to develop in a positive direction.
But this does not mean that all the stocks in the market are favored.
Today, the stock of Macdonald Douglas, one of the largest aerospace manufacturing companies in the United States, has experienced an abnormality. The transaction price fluctuates sharply, and the transaction volume sharply increases. The trading system shows that a large number of short-term short contracts are involved!
Some sensitive traders and market observers have a hunch, I am afraid that something big is about to happen!
Sure enough, on Wednesday, two days later, a piece of heavy news came out. The results of the investigation into the cause of the crash of West Bandas Airlines Flight 995, which was repeatedly postponed, were finally announced. The accident was jointly established by the Federal Aviation Administration and the West Banya Aviation Administration. The investigation team determined that the accident was caused by the falling off of a newly replaced tire on the right wheel of the aircraft's nose landing gear, but the specific cause of the falling off is unknown. The investigation also pointed out that although the aircraft's speed has reached VR, that is, the take-off speed, the pilot's approach is reasonable.
On the one hand, this investigation report denied that the cause of the accident was caused by the pilot’s improper operation. On the other hand, it was vague about the specific cause of the accident. It did not state that the DC-10 aircraft in which the accident occurred was from the right wheel. The falling gear tire is caused by unreasonable design or production defect, or because of improper maintenance by ground crew.
As soon as the news came out, all parties reacted differently, and public opinion quickly formed several big camps, and they launched a war of words.
Of course, the pro-McDonnell Douglas camp did their best to wash the ground for the DC-10. They cited various detailed data to show that there was no problem with the design of this aircraft. The cause of the accident must be because the ground crew did not follow the operation when changing the tires. The execution of the process led to the tragedy.
Of course, the voice of opposition was also loud. They collected a large number of black history of DC-10 aircraft and focused their firepower on a little.
On June 12, 1972, American Airlines Flight 96 from Detroit to Buffalo suddenly opened during the climb due to a design defect in the cargo door at the rear, causing an explosive loss of pressure.
On March 3, 1974, Turkair Flight 981 encountered the same failure on its way from Paris to London, but this time it was not as lucky as the last time. The explosive pressure loss of the cargo door at the rear caused all hydraulic pipes to be torn The plane went out of control and crashed, killing all 346 people on board.
Since the DC-10 was put into operation, there have been too many accidents, but it is obviously ulterior motive to pull these two accidents out for shooting.
Because these two accidents were caused by design defects that the Federal Aviation Administration clearly identified, and after the first accident, McDonnell Douglas had submitted a series of documents to the Federal Aviation Administration to prove that they were Defective parts have been improved and replaced, and the cause of the fault has been completely eliminated, and no similar accidents will occur again.
But the result?
As a result, a year and a half later, the same accident happened again, and this time it cost more than 300 lives!
McDonnell Douglas, deceived the Federal Aviation Administration, deceived all airlines, deceived all American citizens!
This fully shows that the design flaws of this aircraft are numerous, and McDonnell Douglas is a repeat offender who shirks responsibility, confuses the public, and treats the lives of passengers as a child's play!
This battle of public opinion was so intense that even the DC-9, another product of McDonnell Douglas, suffered a lot of trouble. The history of the accident was wiped out. In the media that opposed the McDonnell Douglas camp, The DC series, especially the DC-10 passenger plane, has been sprayed by them as "the most unsafe passenger plane in history."
Although the Federal Aviation Administration did not take any further action after the release of this vague accident investigation report, whether it was DC-10 or DC-9, both escaped the tragic end of being banned from flying, but under the concatenation of interested people, This conspiracy against McDonnell Douglas will never end after a few days of fighting in the newspapers, nor will it be rewarded because some people have been short-selling McDonnell Douglas stocks and smashed their stock prices to the floor. If the situation is good, just accept it.
Capital's bloodthirsty eyes have opened, and the gluttonous appetite has long been hungry and thirsty. How can you easily retreat if you don't swallow the prey so much that there is no residue left?