Wind and rain from Los Angeles came to New York to play against the Brooklyn Nets. Feng Yu came to watch the game to relax.
Before the game started, Feng Yu came to the team's locker room to see how the team was doing. Several of the team's main players were injured this year, giving Hua Xia and the other players a lot of opportunities to play.
Before entering, Arenas was chatting with Martin. He said that his friends had lost their jobs. They used to work in a bank, and it should be a good job. The salary was high, and it was not tiring.
But they did not expect the subprime mortgage crisis to be so severe, and the US banks started to lay off their employees.
Martin said that some of his friends were even worse off. They worked at AT&T, and because of the financial crisis and the rise of the mobile phone business, the number of customers using traditional phones decreased sharply. Their income also decreased, and they had to lay off their employees.
Billups, who was wearing a suit, said that their situation was considered good. His friends worked at AT&T. This was the world's largest automobile manufacturer, and they were also laying off their employees.
As they were chatting, they saw Feng Yu walk in and quickly stood up to greet him. Their salaries might not be as high as other teams, but they had more endorsements and advertisements, and they made a lot of money.
They were unwilling to leave when other teams came to poach them, unless the team took the initiative to trade them.
Paul Allen had complained to the league that Wind and rain had shady dealings. There was no reason for so many All-Stars to be on one team. But he had forgotten that in order to fight against Wind and rain, he had organized five players, and even the sixth player was a star player with an annual salary of tens of millions.
Also, it was common for players to take a pay cut in order to fight for the championship. Many fans like to watch the rivalry between New York and Los Angeles, and this helped the league open up the market for Hua Xia and Russia.
"This is the Olympic year, Carl. The players cannot get injured. It doesn't matter if they do not enter the finals this year. After the season ends, just like the previous two years, organize some people to train with Hua Xia. I will pay you well, and you can also go to Hua Xia to watch the Olympics. "
The players were very happy to go to Hua Xia. This trip meant that they could have fun and earn money at the same time. They were very popular in Hua Xia.
Even everyone on the team knew a few simple Chinese words. After all, there were so many Hua Xia players on the team.
Several of them were black players, and they had to spend more money to take care of their friends. Especially this year, the situation was not good. Many of their relatives and friends had lost their jobs. They also needed to work harder to earn money.
Most of these players did not have high academic qualifications. They could not understand why the U.S. economy had suddenly deteriorated and why so many people had lost their jobs.
In their opinion, when the economic situation is bad, shouldn't more people take out loans to tide over the difficulties? Logically speaking, banks should need more talents. Why did banks have the most layoffs?
"Mr Feng, my broker told me not to invest in stocks recently. He said the US stock market will continue to fall. Is this true?" Pierce suddenly asked.
Feng Yu smiled. "That's right. Your agent didn't lie to you. Don't think that the US stock market has rebounded these few days. It is all an illusion. "
Pierce had a bitter look on his face. His salary was not low and was the highest in the team. Although it was only 13 million USD, it could not be compared to the players on other teams. But he had a lot of endorsements, and his income was enough to be the highest among all the players.
But he knew that many players went bankrupt after they retired because they did not know how to manage their finances.
Feng Yu had told them to learn how to manage their finances and not to enjoy life after making a lot of money. They did not want to live a life of bankruptcy.
In the past, Pierce would let his broker invest some of his money in stocks. At that time, almost everything in the US stock market would rise. But in the second half of last year, the situation had taken a turn for the worse. The stock market had fallen from 14,000 points to 11,000 points now.
Pierce did not know what to invest in. Should he keep his money in the bank? But his bank friend told him that keeping his money in the bank was equivalent to devaluing. The USD had been falling.
Feng Yu saw the other players looking at him, including Yao Ming and the other Hua Xia players.
"How about this? I will give you a small suggestion. There is a branch of Wind & Rain Consulting in the US. You can invest your money in Wind & Rain Consulting. I think most of you have reached the minimum threshold of 1 million USD, right?
"Wind & Rain Consulting's returns will not disappoint you. Although it will not make you rich, it will definitely make your assets grow faster than the market. "
Feng Yu did not mind giving these players a chance to make money. These players had contributed a lot to the team and allowed the LA Wind and Rain team to make profits every year. This was not easy.
Furthermore, the money spent to buy the team had been earned back, and the value of the team had increased tenfold! With the advertising effect, Feng Yu had earned a lot from this deal.
Some Hua Xia players' salaries were not high. They had to pay taxes in the US and Hua Xia. They also had to pay training fees and send money to their families. So, it was very difficult for them to take out 1 million USD at once.
Feng Yu looked at the few Chinese players who were hesitating to invest. "You all can pool your funds together. You all just need to raise more than 1 million USD and sign the agreement in advance to prevent any disputes. Or you can invest in China. Taihua Consulting is not bad. 1 million RMB will do. "
Before entering, Feng Yu heard them say that the unemployment rate in the US was getting worse. Feng Yu had been paying attention to this.
At this time, the top industries in the US were the banking and automobile industries, followed by the real estate industry and the express delivery industry.
Banks had suffered heavy losses and needed a lot of salespeople to handle business. Now, there were not so many businesses. Why would they still need so many people?
Giving a sum of compensation was the best choice for the company to slim down. The automobile industry was even simpler. Laying off employees could save on pension, medical insurance, and other expenses. These expenses were much higher than the compensation.
As for the real estate industry, it was because the industry had laid off a large number of people last year. This year, the number of layoffs was much lesser.
The express delivery industry was the same. There were fewer shoppers, and the trade had decreased. The development of logistics had declined. The value of the people in the express delivery industry was not high. As for non-technical people, the salaries and social security of the couriers were also the biggest expenses of the company. Laying off employees could help them tide over the difficulties.
The top banks had laid off more than 10,000 people. According to analysis, this layoff will not end. Laying off 10,000 people was not enough for many banks. The unemployment rate in the US will get worse.
"Alright. Go and play. Take care to protect yourself."
Even though the economic situation was bad, the arena in Brooklyn was still full. But Feng Yu noticed that the advertisements of the automobile companies had been changed. These automobile companies had started to save money to save money.
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