Chapter 1402: Never-ending money

Wool can only come from sheep, but the money for wool can be paid by pigs. Specific to this link of interest-free shopping, there is actually a problem here. If you are not a cardholder of White Bank, the interest-free period you can enjoy is only three months.
So the question is, White Bank did this because he is the younger brother of the banking industry. The capital adequacy ratio is very high, but its reputation is too low. Things like banks take time to accumulate, and a simple wave of advertising is actually useless.
Then the problem arises. If you do this, the price that the bank needs to pay is too great, even if the manufacturer will bear part of it, but ah, the 12-month interest is definitely not a small figure. You have to know that the interest rate of a credit card is very high, at least 10% or more.
"Is it expensive? Tom, we plan to sell one hundred thousand units. How much is 10%?
Thirty million, is it a lot? "
Fat cat Tom wants to vomit blood. Isn't it 30 million? This is already a very large number. Well, if the gross margin is not high enough, you are losing money and earning yells!
"Tom, there is not much. This part of the loan will eventually be guaranteed by Legend World. Later, we will package this part of the debt on the market. Legend World plus White Bank, to be honest, this kind of bond is easier to sell than national debt. "It's still not clear to see this guy, so Philson can only come out and give him science.
Not to mention that these funds will be retrieved at a very low cost, but the commissions and handling fees in this matter are not in vain.
You see, the interest rate of a credit card is very high, so the interest rate is high because the default cost is too high. However, the same is credit card consumption. After the guarantee of Legendary World, the risk seems to disappear.
At the very least, it looks like this on the surface.
What is the United States?
How can the capital market be short of money.
International hot money is not interested in such low-yield bonds, but some sovereign funds don't think so. The first thing they need to ensure is the safety of funds.
Besides, since your credit is so strong, how about you mortgage it to the bank again?
Rest assured, it will definitely give you a very favorable interest rate. You are not afraid of borrowing money, but you are afraid of borrowing too little.
"Uh, just ask, Philson, since this game is so simple, can others simply imitate it?"
Fat cat Tom with a question mark found that he did not understand, but was even more confused. Speaking of it, this is all about using existing rules, and there is no innovation, but ah, nobody did this for Mao before?
Well, not that nobody thought of it. In fact, those big heads on Wall Street are thinking about various financial innovations every day. Come to think about it, 30% of GDP comes from the financial services sector. If it only relies on industry, half of Wall Street can actually go out of business.
As for William White’s new toys, it’s not that no one has thought of it, but that few companies can achieve the credibility of Legendary World. Enron and WorldCom are arguing, but in the case of insufficient cash flow, there are banks there that will believe your profit.
Legendary World often loses money, especially the domestic part of the United States. Don't want to lose money. If you just look at the financial report, this company will definitely be a penny stock.
But what about the facts?
The profits of this product are all overseas, and they are already rich enough to invest in them. Who can believe that he can lose money.
American companies, especially multinational companies, are so magical. Obviously vomiting blood, I prefer to hit the swollen face to fill up the fat man.
Because if they tell shareholders the truth, rest assured, the stock price will collapse immediately.
And what about companies that seem to be losing heavily?
Or the real situation is more serious, or deliberately put profits overseas.
This is why, investors in the U.S. are mostly institutions.
There is no other reason, and ordinary investors simply cannot understand.
"Tom, don’t talk about this, how has the market reacted? Recently, the customer service has been a bit harder.
Alas, otherwise, shall we go digging into the corner of Apple? "
"Boss, what? You just had trouble with the guild. If you raise the salary standard now, the guys in the guild will definitely think you are provoking."
Philson was speechless. Just now because of the salary treatment and the guild quarrel, because no one wants to be unemployed at this time, they chose to make a mistake, but then, you turn around and go to the high-paying corner, which is a bit of a face.
Of course, William White is actually more depressed. The current programmer is not irreplaceable for him. Regardless of Ah San’s infrastructure in a mess, their computer industry has developed rapidly.
Not to say that they have any production capacity, they can provide a large number of cheap code farmers. As a capitalist, what kind of good will there be, since there are cheap options, of course you need to abandon those expensive ones.
It's a pity, as the boss of a company, it is impossible to dismiss employees at will. Not to mention your profitability is good, even if you can't continue to operate, it is very difficult to fire employees.
Nima, how many jobs to reduce, actually need to negotiate with the guild. I really don't understand. If they all play like this, what idiots would invest in business? Is this to invite a bunch of ancestors back to myself?
He simply has a big business, and it's okay if he doesn't agree to lay off employees. It's fine to split the department. If it doesn't work, it will be recruited within the company. As long as there is no increase in positions for a period of time, these problems will always be resolved.
But ah, the big boss of a company can't do it like a hand, but this boss is not tasteless.
"Tom, in the next period of time, try to reduce the workload of yourself here, and send out if you can. This is a trend and it is impossible to reverse it."
"I see, boss." Although somewhat reluctant, unfortunately, since the boss said so, if you don't want to be sacrificed, you'd better do it. Dismissing ordinary employees or troubles, dismissing a high-level company, this is what many people like to see.
If there is no doubt, it is impossible. The overall environment is indeed not good, but the White Group companies are actually pretty good.
Uh, Tom Fat Cat was shocked. He found a problem. When the boss proposed these measures, Philson chose to default. You know, the so-called streamlining of troops and administration is not limited to the White system. This time the turbulence has also affected the think tank.
No one likes to lose their rights, and no one likes to have their subordinates cut off. However, Philson clearly agreed with the boss's approach. What does this indicate?
"Boss, in this case, is it impossible for the market to recover in a short time?"
"I don't know, I don't see any future for the time being. Alas, Tom, why do you think I have so much money for it?
Prepare for the winter. If you can survive, there will be tomorrow. The next year may be very beautiful, but most people will fall in the darkness before dawn. "