The former Wall Street was not very important. It became an important financial center due to historical and political factors and some coincidences.
What is happening on Wall Street today may affect the lives of billions of people around the world. Every day, Wall Street traders will bring millions of dollars in losses or profits. Ceos of start-ups dream of IPO here, while MBA students are eager to sit in the office and trade. This is the most important financial center in the world, but all this used to be just a small wooden wall.
Wall Street is a road that stretches for six blocks near the southern tip of Manhattan. New york Stock Exchange and several banks are located on this road. As a financial entity, Wall Street is much bigger than this. For several blocks around Wall Street, companies and some of the most important financial organizations in the United States: Federal Reserve, The Wall Street Journal, Nasdaq Stock Market, the New York Mercantile Exchange and countless banks all operate nearby, which makes Wall Street one of the most important financial centers in the world.
In fact, the origin of the name of Wall Street is still being debated by historians. Most historians believe that it probably started from the defensive positions of Dutch colonists.
Before the Second Anglo-Dutch War in 1668, new york was also called the New Amsterdam, which was then a Dutch colony.
Dutch colonists were worried that the English would invade their colony, so they built a wooden wall 3 meters high and 7 meters long around their settlement. It is generally along the area we call Wall Street today, with gates at the modern intersection of Wall Street and Pearl Street, and Wall Street and Broadway. This leads future British immigrants to name it Wall street after the wall along the road when they come here, and the Chinese transliteration is Wall Street.
The name of a street in the south of Manhattan, New York, USA, is no more than 1.6 kilometers long and only 11 meters wide. wall sterrt is a transliteration of English "Wall Street". It has centralized the general management offices of big companies such as banks, insurance, railways, shipping, mining, manufacturing, etc. opened by new york Stock Exchange, American Stock Exchange, Rockefeller, Morgan, First Citibank Consortium, Boston Consortium, Mellon Consortium, Cleveland Consortium, Chicago Consortium, California Consortium, Texas Consortium, etc.
It is often seen in some financial news that "Wall Street has raised the target share price of a certain company", "Wall Street has predicted crude oil futures", "Wall Street's expectation of a certain company's net profit" and "Wall Street's hedge funds are shorting a certain company", etc. What is the "magic power" of Wall Street that affects the global economy?
On September 11th, 21, the World Trade Center in new york Financial District near Wall Street was attacked by terrorists, and the New York Stock Exchange stopped trading. At this moment, the American economy and even the world economy almost stopped. From the September 11th incident, we can see that the influence of Wall Street, a financial empire, shook the world. There are more than 5, financial employees in new york, and Wall Street accounts for more than 1, people. This narrow and short street actually accommodates more than 1, people. Many elites have gathered, and these people have extremely high incomes. The annual salary of hundreds of thousands of dollars is everywhere, and the high annual salary is tens of millions of dollars and hundreds of millions of dollars. In short, Wall Street controls a lot of American finance, while the United States controls most of the global trade.
On September 15th, 28, the world focused on Wall Street in the United States. On that day, Lehman Brothers, the fourth largest investment bank in the United States, filed for bankruptcy protection, and Merrill Lynch, the third largest investment bank, was acquired by Bank of America. Affected by this, the three major stock indexes of new york stock market fell sharply on the 15th, the biggest one-day drop since the September 11th incident. Some people say that this is a "once-in-a-century earthquake", while others use the "financial storm" as a metaphor for this crisis. And people at the center of this financial storm have also experienced unforgettable days. As people say, Wall Street in the United States fell slightly, while other countries fell sharply, while the United States fell sharply and other countries fell sharply.
Many Wall Street bosses are worth billions of dollars, Berkshire Hathaway has a market value of 487.8 billion dollars, Buffett's wealth exceeds 8 billion dollars, Soros has 25 billion dollars, carl icahn, the Wolf King of Wall Street, has 12 billion dollars, and Radario, the godfather of hedge funds, is in charge. james simons, the father of quantitative investment, has a market value of 8.5 billion dollars, DuPont has a market value of 72.1 billion dollars and JPMorgan Chase has a market value of 383.7 billion dollars. The Rockefeller family is in charge of hundreds of billions of dollars in assets, Citibank has a market value of 18.5 billion dollars, etc. These tycoons and consortia hold a lot of wealth, which is simply extremely rich and has great influence on the global economy. Wall Street also affects American politics. Every time the US presidential election is held, the big shots of Wall Street will take sides, and those presidential candidates also hope to get the support of the big shots of Wall Street. It has been said that the power of Wall Street can influence the US presidential election. The current US President Trump is a successful businessman.
The separation of powers and the independence of the judiciary in the United States have caused three major interest groups, namely, military industry, finance and lawyers, to dominate American politics, and financial giants and multinational corporations have manipulated the economy. Because politicians rely on the political contributions of consortia in their campaigns, those Wall Street consortia have indirectly influenced American politics, and the United States is the world's number one economic power. In 217, the US GDP. According to the current price in 217, the GDP of the United States is US$ 19,386.8 billion, with a real increase of 2.3% year-on-year. The comprehensive national strength of the United States in terms of economy, politics, military affairs, education and scientific research is super developed. At present, no one can match it. Of course, at this time, China is developing at a high speed, and it is only a matter of time before it surpasses the United States.
In 1993, the State Council approved the Beijing Urban Master Plan, which proposed to build a national financial management center from Fuchengmen in the West Second Ring Road to Xingmen in the core area of Fu Beijing Financial Street, and centrally arrange the headquarters of national banks and non-bank institutions, thus Beijing Financial Street came into being. Financial Street starts from Fuxingmennei Street in the south, reaches Fuchengmennei Street in the north, reaches the West Second Ring Road in the west and adjoins Taiping Bridge Street in the east, with a planned land area of nearly 13 hectares. Among them, the construction land is about 44 hectares, the road land is about 32 hectares, the greening rate is over 3%, and the financial street has taken shape.
the overall planned construction area of the financial street area is 4.2 million square meters, of which 74% are office buildings, 3% are apartments, 4% are hotels, and 19% are green spaces and other supporting facilities. At present, the completed building area is 3.22 million square meters, and the area under construction is 51, square meters. The total investment is expected to be 46 billion yuan, and 38 billion yuan has been invested. According to the master plan, Financial Street will be completed by 28. Covering an area of 1.18 square kilometers, Beijing Financial Street is the first large-scale overall directional development financial industry functional zone in Beijing. It is understood that there are 523 financial institutions and 175 corporate headquarters in Beijing Financial Street, and 18 of the world's top 5 companies are located on this financial street. The assets of 99.5 trillion yuan are 4% of the national financial institutions, and there are nearly 23, employees engaged in financial work here. As early as ancient times, the area where Beijing Financial Street was located was already a financial center. As early as the Yuan Dynasty, it was called "Jincheng Square". By the end of the Qing Dynasty and the Republic of China, it had developed into a real financial center in China. Some market participants believe that with the development of China's economy, Beijing Financial Street may replace Wall Street and become the financial center of the world in the future.
Wall Street has now become a symbol of the times. Although with the rapid development of the global economy, financial centers around the world are constantly leaping, and the rise of global financial centers such as London, Tokyo, Shanghai and Shenzhen will take time to test whether Wall Street will be surpassed, it still has a decisive influence on the global economy.
harvesting global wealth, like this time, I feel that the US stock market is intentional, and then the world is affected, global assets are falling, gold is falling, and commodities and futures are added, and then they are all undervalued.
Speaking of Wall Street as a financial person, the admiration must come naturally, which is the most sacred place in the investment community. From the initial TV pictures, we saw a group of people making a noise and passing bills around. As the bills were passed around, it soon affected the price of gold in Britain, the price of oil in Saudi Arabia and the price of copper ore in Brazil.
this is the power of capital, and this is the sale of virtual goods formulated by the world's top elites. To harvest the products of real labor output.
Now is no longer the original primitive society and farming era. It is an era of capital operation and opportunism. Capital operation is two-sided. It can avoid your losses in real life and bring profits from your investment. Capital operation is also terrible, when Soros shorted Asian financial markets. With one's own efforts, the entire Asian economy is depressed and the people are struggling. Many people can't think clearly, but their hard-working work doesn't bring them enough food and clothing.
what do you think of wall street? Beauty and beast coexist. Capital is a gentle beauty in a cage; Once the cage is opened, it is a man-eating beast. The greed of capital determines the nature of Wall Street.
After World War II, new york has been recognized as a financial center all over the world, and Wall Street has concentrated almost all the famous financial names such as Goldman Sachs, Merrill Lynch, Morgan Stanley, Lehman Brothers and Citigroup.
Now, new york's status is facing the crisis of being replaced. In 26, for example, the world's top three IPOs were Industrial and Commercial Bank of China, Bank of China and Russian state-owned oil company Rosneft. ICBC and BOC are listed in Hong Kong, while Rosneft chose London.
According to a research report released by McKinsey & Company in January this year, according to the current trend, new york may lose 7% of the financial market share in the next five years, equivalent to 6, jobs. Among the 5 Wall Street CEOs surveyed by McKinsey, 4% believe that the attraction of new york's financial center will gradually weaken in the next five years.
Insiders pointed out that new york is currently facing three major challenges: First, there are too many regulatory agencies; Second, class actions related to securities have increased substantially; Third, American companies are not prepared to adopt international accounting standards widely adopted in Europe and Asia. It is said that in early 27, the US Treasury held a seminar with the theme of "Capital Market and Economic Competitiveness". This means that not only Wall Street, but also the US government has realized the crisis of the loss of competitiveness in the US capital market.
Meanwhile, the performance of the City of London is amazing. Located in the east of London, this land with an area of only 1.4 square miles has become the place where 2% of international loans, 3% of foreign exchange transactions, 4% of over-the-counter derivatives transactions and 7% of secondary bond market transactions take place.
This year, there are many versions of reports on the ranking of international financial centers by various organizations. Although the evaluation criteria are different and the listed cities are quite different, all of them put the name of London before new york without exception.
since the beginning of this year, European banks have made a lot of profits from the IPO waves in Russian banking, Norwegian oil and gas industry and British real estate industry. By the end of May, when Wall Street underwriters charged more than twice the IPO commission of their European counterparts, European IPOs attracted $37.8 billion, which was 178% of the US IPO of $21.2 billion. The industry expects that the IPO trend of enterprises in Europe will continue to surge in the rest of this year. This situation is the first time since the end of World War II, and the gap in bank income that has always existed in Europe and America is almost zero.
facing the challenge, American financial circles spare no effort to strengthen their competitiveness. Not long ago, NYSE Group acquired Euronext, headquartered in Paris, for $14 billion, thus gaining control of the stock exchanges in four European countries. The smaller NASDAQ Stock Market Company of the United States also announced that it would acquire the Stockholm Options Exchange of Sweden, which owns seven stock exchanges in Northern Europe, for $3.7 billion to jointly set up a transatlantic trading platform. Recently, it was also reported that NYMEX, the world's largest energy futures exchange, is looking for a buyer, and NYSE is most likely to win.
London has also made big moves. A few days ago, the London Stock Exchange announced that it will acquire the Italian Stock Exchange in Milan for 1.6 billion euros. If the transaction is successful, the merged new group will become the largest stock exchange in Europe.
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A group of vampires with high IQ. By all kinds of means that they don't understand themselves. Mosquito who harvests the money of the free world.
Wall Street, a street extending from Bailaohui Road to Donghe in the south of Manhattan, new york. Because it is the seat of financial institutions and markets that have influence on the whole American economy, it is also the financial center of the United States, which has great influence on global financial activities and a gathering place of wealth. On Wall Street, money never sleeps.
1. It is the gathering place of a group of the smartest people in the world and the top brain gathering place in the world;
2. Numerous wealth myths have been created there, and a lot of prosperity in the world began there;
3. It is a pilgrimage place for countless financial professionals and a dream home for many people;
4. It is a place where countless disasters have started and many people have broken their dreams;
5. It is also a place where countless prosperity ends!
Wall Street is a street [yi tooth]. A group of highly educated guys are using capital to do integration. That's all.
The establishment and perfection of a system or system will eventually go through all kinds of hardships and perseverance. May is just such a crossing point of passion.
With a decree issued by the CSRC, the truth of Qiong Minyuan came to light, and after people breathed a sigh of relief, they naturally raised the voice of further strengthening market supervision; Once the euro, which has been bred for many years, fell to the ground, the "midwives" forgot to wipe off their sweat and immediately worried about how to create an independent and detached political and social environment; The wave of three bank mergers on Wall Street is still striking, and people have to rethink the future pattern of the world financial industry.
since the concept of "profit manipulation" first appeared in Mr. Jiang Yihong's long article published in china securities journal on March 28th, in just over ten days, people in the securities industry in China, whether they read it or not, will call it "profit manipulation". This clearly illustrates the seriousness of this problem.
whether China's securities market is "healthy" today is a crucial sign of whether it can get rid of shady operations and give the market and investors a clear account. However, in the "Annual Report Month" of listed companies entering the China stock market, the strange figures made by those statements have made countless people suspicious.
The cover article of this issue, "Year of the Ox with Water Injection", starts with the investigation of various methods used by listed companies to achieve 1% return on net assets, and reveals the history and present situation of profit manipulation of listed companies in China. Our aim is to put the insider of profit manipulation of listed companies, which is only familiar to the industry so far, in front of ordinary readers who can't read the financial statements decorated in various ways in a form that everyone can understand.
There are many things in the world, and our report clears the clouds for you.
Wall Street is in the south of Manhattan, new york.