Chapter 530: 195. The Magician of Wall Street_3
For Wall Street, Donnie Block was, after all, an outsider. They could tolerate watching Donnie occasionally do some business here, but if Donnie decided to stay on Wall Street permanently, that would certainly cause the whole street to worry!
"Actually, staying on Wall Street isn't a bad choice at all!" Helen put a piece of steak in her mouth, chewed gently a few times before swallowing, and then continued, "The domestic financial market is becoming more mature, and the stock market has entered the stage of charging towards a bull market. Moreover, you're planning to establish an investment company. Only by staying here can the investment company utilize its true strength!"
Donnie said, "Staying on Wall Street would naturally allow these things to be possible, but the financial market is always rootless, affected by various environmental factors. Sometimes human efforts are powerless against it. On the other hand, industries are different. Though they can't develop as rapidly as the financial market, their foundations are solid enough. We are still too weak right now. If only we could grow for a while longer,
either wait until the Surf Hotel is well-established, or wait until the prohibition in the United States is lifted, or perhaps after we have completed the takeover of Breton Bank, then returning to Wall Street with a stronger footing would be feasible!"
After surpassing the United Kingdom and becoming the world's largest financial market, the growth of the U.S. financial industry has indeed been rapid, especially during this roaring twenties era.
But what really underpinned America's status as the world's dominant superpower of this century was the industrial economy that supported the U.S. economy throughout this decade!
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Of course, in the future, when the United States realizes that the financial industry is making money too quickly, combined with the increasingly strong national power of the U.S, that's when the mainstream of American business will begin to shift industries overseas.... This will partly be accelerated by the artificial increase in American labor costs.
Under the influence of various environmental factors, the U.S. industrial economy began shifting overseas, with Philadelphia being the most apparent example.
At present, Philadelphia, as a major steel city in the United States and a top-ranking city in the American economy, quickly fell after the steel industry moved overseas. By the time of Donnie's rebirth, Philadelphia had already become a famous ghost town in the United States.
These events were still far off, but it didn't prevent Donnie from starting to plan ahead.
"Few people from our country can have such a long-term vision as you do!" Helen raised her glass. Under the candlelight, Helen's fair cheeks began to redden slightly, adding to her already stunning features.
In such an atmosphere, even the demure Helen became a little more enchanting!
Donnie raised his glass too.
As the music changed, Donnie stood up and went to Helen's side, with one hand behind his back and the other extended forward.
With the melody and candlelight, the beautiful pair began to dance slowly. The ambience lasted less than a minute before Donnie swept Helen up in a princess carry, and they returned to the bedroom...
.
The next day!
Donnie got up and saw Helen, unusually, had not woken up before him. The corners of his mouth lifted slightly; everything felt so natural.
But the chaos in the room also testified that the night before was anything but calm!
After freshening up, Donnie came to the living room and opened the door, where today's "Wall Street Journal" and "Atlantic City Post" were already placed at the doorstep!
Though neither Donnie's side nor Rockefeller's side had officially announced the end of shorting ABC, everyone knew that after the conclusion of ABC's advertising conference yesterday, the battle had also come to an end.
'An unexpected battle, a textbook-like counterattack on shorting, has officially ended!'--"Wall Street Journal"
'The victor continues on the path of victory!'--"Atlantic City Post"
Both newspapers... in fact, all New York newspapers had reported the battle as their front-page headlines.
It was just that Donnie now only allowed the hotel staff to deliver these two newspapers to him.
Compared to the "Atlantic City Post," which focused more on baselessly praising its own boss, the "Wall Street Journal" was more comprehensive in its report!
"Donnie Block proved his financial market prowess with two short-selling battles. Shorting Sinclair Oil Corporation, Donnie Block for the first time used live broadcasting in a business battle, showing people that the era had evolved to a new stage and the significant impact radio broadcasting could have on a business war.
As a result, the national commercial radio entered a period of rapid development, with many capable broadcasting companies receiving funding well beyond their market values.
And ABC, as a leader, became the first commercial radio station to go public in the United States and even globally.
However, it was this decision that put Donnie Block in a tight spot. Wall Street's financial titans targeted ABC, hoping to short ABC in order to gain control of the company.
Donnie Block transformed from the aggressor to the defender. Before the battle even began, anyone who had worked even a month on Wall Street would have believed Donnie Block would lose disastrously in this conflict and lose his absolute control over ABC!
But Donnie Block, like a magician, once again showed everyone a spellbinding feat that shocked all."