The policy stimulates the economical the method, although is somewhat crude, but wins simply in effective. The Vienna government just announced „loop line railroad” plan, the market reacted. 政策刺激经济的手段虽然有些粗暴,但胜在简单有效。维也纳政府刚刚公布了“环线铁路”计划,市场就做出了反应。 On April 26 , 1894, Vienna Stock Market opening, the capital construction plate opened 7 points to get the rising bulk lots on by high, the middle once topped 20 points, finally at plate increase 11.6 closing. 1894年4月26日,维也纳股市开盘,基建板块就以高开七个点领涨大盘,中间一度突破20个点,最终以板块涨幅11.6收盘。 Also follow to rebound with railroad construction related steel, cement, engineering machinery equipment, bank and other plates upwardly. 跟铁路建设相关的钢铁、水泥、工程机械设备、银行等板块也纷纷跟着向上反弹。 Affected by this, Vienna Stock Market bulk lots rebound upwardly 3.62, set the record since the stock disaster has erupted the biggest rebound. 受此影响,维也纳股市大盘向上反弹3.62,创下了自股灾爆发以来的最大反弹。 Then did not have then, since the stock disaster has erupted, Vienna Stock Market bulk lots decline, the most miserable time peak overall decline range reaches as high as 74.3, even if had the rebound, bulk lots index still only then 30% of peak. 然后就没有然后了,股灾爆发以来,维也纳股市大盘就一路走低,最惨的时候较巅峰时期整体跌幅高达74.3,即便是发生了反弹,大盘指数也只有巅峰时期的百分之三十。 The bulk lots fall such miserably, the confidence of market was destroyed what situation, it can be imagined. Without the means that the stock market of free development is such willful. 大盘都跌得这么惨,市场的信心崩溃到了什么地步,可想而知。没有办法,自由发展的股市就是这么任性。 Relatively speaking, capital construction steel sector. As the mature industry, the ceiling of market is placed in everyone at present, estimate value is not high, there is a big project of post-war reconstruction to support, naturally fell not. 相对而言,基建钢铁板块还算好的。作为成熟型产业,市场的天花板摆在大家眼前,本身的估值就不高,又有战后重建的大项目支撑着,自然跌不到哪里去。 Underwent this wave of rebound, basically restored the peak 3/4 market values, came out of the crisis reluctantly. 经过了这一波反弹,基本上恢复到了巅峰时期四分之三的市值,勉强算是走出了危机。 The disaster area in fact emerging tech industry of stock disaster, without the performance makes the support, merely one „good story” to support the market value, once the bubble were punctured that to fall did not know his mother. 股灾的重灾区实际上还是新兴的科技产业,没有业绩做支撑,仅仅一个“好故事”支撑起来市值,泡沫一旦被戳破那就跌得连他妈都不认识。 Puts on the waistcoat luckily, otherwise Franz does not dare to go to see the person now. The advance in technology also needs to pay the price, solely depended upon individual strength is really tiny. 幸好套上马甲,要不然弗朗茨现在都不敢出去见人了。科技进步也是需要付出代价的,仅仅依靠个人的力量实在是太渺小了。 In order to speed up the technological progress of empire, Franz chose dutifully let listing financing. The scientific study needed the luck, therefore a project will often have many research teams. 为了加快帝国的科技发展,弗朗茨义无反顾的选择了让企业上市融资。科学研究本来就需要运气,所以往往一个项目都会有多个研究小组。 Catches a sheep to weed out the wool, the optical efficiency is extremely low, obviously could not meet the need. However this cannot baffle Franz, this year also does not have the Internet in any case, a story spoke not to relate much several times. 逮着一只羊薅羊毛,光效率太过低下,明显满足不了需求。不过这难不倒弗朗茨,反正这年头又没互联网,一个故事多讲几次也没关系。 From Vienna to London, Europe, as long as is the big money market, has the science company of imperial family financial group to go on the market. The overseas market is not mature, it is estimated that the Five Continents is a pasture. 从维也纳到伦敦,欧洲但凡是大点儿的金融市场,都有皇室财团的科技公司上市。要不是海外市场不成熟,估计五大洲都是牧场。 Although the wool weeds out somewhat fiercely, but contrasts the peer, Franz absolutely is the conscience entrepreneur. 虽然羊毛薅得有些厉害,但是对比同行来说,弗朗茨绝对是良心企业家。 Different sweeps the decks from the high-tech winners of later generation, now only starts, goes through customs on a racetrack casually, can become one home „great enterprise”. 不同于后世的高科技赢家通吃,现在才刚刚起步,随便在一个赛道上通关,都可以成为一家“伟大的企业”。 The only regrettable success ratio lowers such a to lose the recent 30 years, the imperial family financial group invested science company more than 2000 that went on the market, 1/4 enterprises already bankruptcy, 70% enterprises in struggling in hardship, only then less than 5% enterprises crossed finally very much moisten. 唯一遗憾的成功率低了那么一丢丢最近三十年来,皇室财团投资上市的科技公司不下两千家,其中四分之一的企业已经破产倒闭,还有百分之七十的企业在艰苦奋斗,只有最后不到百分之五的企业过得很滋润。 Looked that the data knows, these high-tech projects have the multi- pits. Without the means that who lets Franz previous generation is to study the dregs? 看数据就知道,这些高科技项目有多坑。没办法,谁让弗朗茨前世是学渣呢？ Every so often the project starts, is in the emperor head gets a sudden inspiration. The concrete technology surely does not have, most of the time the idea does not even have, some are only the function requirements. 很多时候项目上马,都是皇帝脑袋里灵机一动。具体技术肯定是没有的,大多数时候连理念都没有,有的只是功能需求。 For example: Food refrigerator that can refrigerate, can refrigerate, the system hot air conditioning, can broadcast the video the television, does not talk clearly to do not the clear computer...... 比如说:可以冷藏的食物冰箱,能够制冷、制热的空调,能够播放视频的电视机,还有说不清楚搞不明白的计算机…… A series of „high tech” project, no matter also advanced many years, Franz proposed the demand by all means that was appraised by the scientist. Could not find the clue, did not know starts from where, that packed listing financing. 一系列的“高科技”项目,也不管超前了多少年,弗朗茨只管提出需求,然后由科学家进行评估。找不到头绪,不知道从何下手,那就包装起来上市融资。 In any case the story is the good story, machine each family that refrigerates food needs, can adjust the indoor temperature the machine is the market potential is also huge. 反正故事都是好故事,冷藏食物的机器每个家庭都需要,可以调节室内温度的机器同样是市场潜力巨大。 As for can do, when can do? 至于能不能搞出来,什么时候能够搞出来？ Sorry, this is the sacred scientific study. So long as can realize theoretically, the story that told can make the investors believe that was enough. 抱歉,这是神圣的科学研究。只要理论上可以实现,讲出来的故事能够令投资者们相信,那就足够了。 The final result is obvious, more is the advanced project dies miserably. Few lucky fellows, can surface. And these enterprises, a large part of drift offs, by did the sideline product to make the profit without doubt. 最终的结果非常明显,越是超前的项目死得越惨。只有极少数幸运儿,能够脱颖而出。并且这些企业,还有很大一部分跑偏了,靠无疑中搞出来副产品实现了盈利。 For example: The refrigerator has not done, on the contrary was the ice bunker technological breakthrough ; The television has not made, the film projector first came out ; The shadow of air conditioning had not seen, the ventilator technology had the enhancement...... 比如说:冰箱没搞出来,反倒是冰库技术突破了;电视机没有造出来,电影放映机先问世了;空调的影子没见到,风扇技术却得到了提高…… The lucky fellows are always a few, most enterprises are in the principal work technology have not broken through, the side occupation has not done, can only by finance to get by unceasingly. 幸运儿始终都是少数,绝大多数企业是主业技术上没有突破,副业也没有搞起来,只能靠不断融资度日。 Before the stock disaster erupts fortunately, has the successful example to stimulate, the investors to the high-tech corporation are relatively tolerant. Including many capital financial groups, tricks to jump the pit. 股灾爆发前还好,有成功的例子刺激着,投资者们对高科技企业还是相对宽容的。包括很多资本财团,都忽悠进去跳坑。 After all, the high-tech corporation that the imperial family financial group does, indeed is carrying out the scientific research. The financial accounts are to also put in order clearly, besides does not make money, that is ready the proper conscience enterprise. 毕竟,皇室财团搞出来的高科技企业,的的确确都是在搞科研。财务账目也是整得明明白白,除了不赚钱之外,那就是妥妥的良心企业。 After the stock disaster erupts, revealed one's true colors all of a sudden. Everyone suddenly, discovered the company that oneself invest is what goods. 股灾爆发后,一下子就原形毕露了。大家猛然间,才发现自己投资的公司是什么货色。 The large amount of fund invested, for successive several years, and even aren't dozens years have not gained, or are only maintaining the meager profit enterprise merely, what the trash are? 巨额的资金投入了进去,连续数年、乃至数十年都没有盈利,或者是仅仅只保持着微利的企业,不是垃圾是什么？ If only this, perhaps after all a series of special train technologies, which day used. The estimate value thieves in these enterprises are high, over a hundred times of market profits, except for bubble or bubble. 如果只是这样也就罢了,毕竟还有一系列的专列技术在,没准哪天就用上了。偏偏这些企业的估值还贼高,上百倍的市盈率,除了泡沫还是泡沫。 In fact, this does not lose money is the result that the imperial family financial group intends to operate. Using other waistcoat, making these enterprises be able to have an income in the side occupation. 事实上,这个不亏损都是皇室财团有意操纵的结果。利用别的马甲,让这些企业能够在副业上能够有所收入。 Is the hole is too big, without the means even account, or was the R & D team ability truly hot pepper, will be given up, no matter what its bankruptcy. 实在是窟窿太大,没有办法平账了,或者是研发团队能力确实辣椒的,才会被放弃任其破产。 This month a patent, several months of another technological breakthrough. The good news emerges one after another incessantly, continuously is stimulating the market confidence. Financing of enterprise are getting more and more, market value also in unceasing inflation. 这个月一款专利,过几个月又一项技术突破。利好的消息层出不穷,不断的刺激着市场信心。企业的融资越来越多,市值也在不断的膨胀。 If not a disaster erupts, this meets the drum to pass on the flower game also to continue. Until some day the technological breakthrough, is another story. 如果不是股灾爆发,这场接鼓传花的游戏还可以一直持续下去。直到有一天技术突破,然后又是另一个故事。 What a pity reality not, if, now bubble burst, this enterprise that does not have the performance support, naturally falls in a complete mess. 可惜现实没有如果,现在泡沫破灭了,这种没有业绩支撑的企业,自然跌得一塌糊涂。 „Cutting in two at the waist” „” cutting in two at the waist, that is the treatments of 5% upper dogs again. The technical sector overall decline range, that is 80% upward, certain stock decline ranges even reach as high as 99.9%. “腰斩”再“腰斩”,那只是属于百分之五成功者的待遇。科技板块整体跌幅,那都是百分之八十往上,某些个股跌幅甚至高达百分之九十九点九。 If calculates the net worth at the market value, after the stock disaster erupts, Franz's paper surface wealth at least evaporated 8 billion aegises, adds the sum total that more than all countries in the world one year of financial revenue. 如果以市值计算身家,股灾爆发后,弗朗茨的纸面财富至少蒸发了八十亿神盾,比世界各国一年财政收入加起来的总和都要多。 The bubble that oneself blow, naturally wanted to swallow the bitter fruit. Naturally, this is only in the surface. If profoundly studies will discover, erupts to start from the European war, the major stockholders in these enterprises started to conduct the reduction. 自己吹出来的泡沫,自然要自己吞下苦果了。当然,这只是表面上的。如果深入研究就会发现,从欧陆战争爆发开始,这些企业的大股东就开始进行了减持。 Major stockholders or major stockholders, stock of reduction, only then a small part. However, is this small part, now can buy the entire company. 大股东还是大股东,减持的股份只有其中的一小部分。然而,就是这一小部分,现在就可以买下整座公司。 Makes a profit many Franz, at present actually happy. Formerly was weeding out the wool, carried out the scientific research with others' money, burns naturally not to love dearly. 获利颇丰的弗朗茨,眼下却高兴不起来。从前是在薅羊毛,拿别人的钱搞科研,烧起来自然不心疼了。 The present situation was different, in the market is unable to finance, the high-tech corporation that these roar flamboyant is on the verge of the bankruptcy, must pound shortly in own hand. 现在的情况不一样了,市场上无法融资,这些牛逼哄哄的高科技企业纷纷濒临破产,眼瞅着就要砸在自己手中了。 Is placed in front of Franz only has two roads: Either oneself invest to rescue these enterprises ; Either takes decisive measures, throws off these to commit suicide the beast. 摆在弗朗茨面前的只有两条路:要么自己出资救下这些企业;要么壮士断腕,甩掉这些吞金兽。 Without a doubt, these two roads are not the good choice. „Investment” said simply, making that absolutely is the tears. 毫无疑问,这两条路都不是什么好的选择。“出资”说起来简单,做起来那绝对是眼泪。 Must know that this is not one two, but is over a thousand enterprises asks for money, circling is Franz net worth cannot withstand such ruined family thickly. 要知道这可不是一家两家,而是上千家企业都要钱,绕是弗朗茨身家厚实也经不起这么败家。 „Taking decisive measures” in a short time truly has no loss, however the front effort wasted all previous efforts. And, had this lesson, in the future will want to make up the story to weed out the wool again, is not so easy. “壮士断腕”短期内确实没有什么损失,但是前面的努力都前功尽弃了。并且,有了这次教训,未来再想要编故事薅羊毛,都没有这么容易了。 Without the means that the stock disaster comes too quickly, cannot run as the major stockholder. What tragedy is in this stock disaster, because Franz the conscience has not vanished, in shorting, left out own industry. 没有办法,股灾来得太快,作为大股东根本就跑不出来。更悲剧的是在这场股灾中,弗朗茨因为良心未泯,在做空的时候,漏掉了自家的产业。 For a while lost footing, accomplishes the eternity to hate. Missed many hundred million Franz, at present suddenly discovers oneself is a poor devil. 一时失足,造就了千古恨。错过了很多个亿的弗朗茨,眼下突然发现自己就是一个穷鬼。 Hesitant over and over, Franz's helpless saying: „ Palace, finds the person to screen carefully, will lose money seriously, and does not have the achievement enterprise to conduct the restructuring. 犹豫再三过后,弗朗茨无奈的说道:“宫相,找人仔细筛选一遍,将亏损严重且没有出成果的企业全部进行破产重组。 Remaining enterprises, must reduce the expenses, cuts the research spending, development money-making side occupation as far as possible. 剩下的企业,也要压缩开销,削减科研经费,尽可能的发展赚钱副业。 The imperial family financial group in situation in one's power, renders these enterprise certain assistance in secret. In principle first rescues our domestic enterprise, overseas enterprise rejection discards. 皇室财团在力所能及的情况下,暗中给予这些企业一定的帮助。原则上优先救助我们在国内的企业,海外的企业该舍弃就舍弃。 Moreover sends for from the secondary market, one after another stock of purchase domestic high-quality enterprise. It is not far from the valley, again in the future on this/should rebound. ” 另外派人从二级市场上,陆续收购国内优质企业的股票。距离谷底已经不远了,再往后就该反弹了。” Cast aside the stock market of bubble, is place chicken feather. Before the contrast stock disaster erupts, moves dozens times and over a hundred times of estimate values, now this several times of estimate value, seeming like obviously is much pleasing to the eyes. 挤掉了泡沫的股市,就是一地鸡毛。对比股灾爆发前,动则几十倍、上百倍的估值,现在这种几倍的估值,看起来明显要顺眼得多。 Took decisive measures, reduced part of debt serious enterprises, Franz's heart is dropping the blood, bargain-hunted part of premium assets to supplement urgently needed. 壮士断腕,砍掉了一部分亏空严重的企业,弗朗茨的心正在滴血,急需抄底一部分优质资产进行补充。 The palace Mila Beslon persuaded: „ Your majesty, has arrived at the last act of economic crisis now, the large-scale bankrupt settlement, our losses will be big. 宫相米拉贝隆劝说道:“陛下,现在已经到了经济危机的尾声,大规模破产清算,我们的损失会非常大。 Might as well let these business transformations, when necessary the financial group can help them make the performance pull-up stock price, finds the opportunity to lose to the following taking over a business hero. ” 不如让这些企业转型,必要的时候财团可以帮他们制造业绩拉升股价,找机会丢给后面的接盘侠。” In fact, this is also the financial group the reason that likes playing the finance. Oneself did the industry income not to say slowly, the key came across the economic crisis to lose seriously. 事实上,这也是财团喜欢玩儿金融的原因。自己搞实业收益慢不说,关键遇到经济危机就损失惨重。 In comparison, playing the finance was much more relaxed. „Economic crisis”, not only has „danger”, similarly also has „machine”. 相比之下,玩儿金融就轻松得多了。“经济危机”不光有“危”,同样也有“机”。 To the general public and enterprises, is the disastrous crisis, but to the financial conglomerate is actually a big opportunity. 对普通民众和企业来说,都是灾难性的危机,但是对金融财团来说却是一次大机遇。 When the crisis breaks out, can play to short ; After the crisis breaks out, can bargain-hunt ; After the crisis ended, can the enterprise that turns around to bargain-hunt sell out, waits for the next round crisis to continue to play. 危机爆发时,可以玩儿做空;危机爆发后,可以抄底;危机结束过后,又可以转身将抄底来的企业卖掉,等下一轮危机继续玩儿。 The capitalist country, every other ten years of economic crises, are not only market's self- adjustments, was the secret these fellows sees the fruit to be ripe, wanted to harvest. 资本主义世界,每隔十来年的一次经济危机,既是市场的自我调节,也是幕后的这些家伙见果实熟了,想要进行收割。 Otherwise, the economic crisis such big matter, before erupting the sign is so obvious, hasn't everyone possibly detected? 要不然,经济危机这么大的事情,在爆发前的迹象那么明显,大家又怎么可能没有察觉到呢？ Franz shakes the head: „ I think that you understood to make a mistake, this economic crisis may not have such easy conclusion. At present although soon approaches the valley, but from the conclusion will still be never. 弗朗茨摇了摇头:“我想你理解错了,这次经济危机可没有这么容易结束。眼下虽然快要临近谷底,但是距离结束仍然是遥遥无期。 The most optimistic estimate, the empire must be able to get out of the great depression next year. As for other countries, that must act according to the respective situation to come to see. The preliminary estimate, must totally break out of the crisis, at least takes over two years. 最乐观的估计,帝国也要在明年才能摆脱大萧条。至于其他国家,那就要根据各自情况来看了。初步估计,要完全摆脱危机,至少需要两年以上。 Regains the confidence from the market, found the new taking over a business hero, the time needed will be longer. Does not close these loss serious enterprises, will die to support our loss to be bigger. ” 距离市场恢复信心,找到新的接盘侠,所需要的时间还会更长。不关闭这些亏损严重的企业,死撑下去我们的损失还会更大。” Was different from the past, this economic crisis was postponed time artificially. According to the normal economic development vein of capitalist country, presented the indication of economic crisis three years ago, just initial place in France. 和以往不一样,这一次的经济危机是被人为延后了。按照资本主义世界的正常经济发展脉络,早在三年前就出现了经济危机的征兆,只不过最初的地点在法兰西。 If not the European war erupts, first explodes is a French. Perhaps realized the gravity of crisis, the French talents will choose before bubble burst launch the war. 如果不是欧陆战争爆发,最先爆炸的就是法国人。或许是意识到了危机的严重性,法国人才会选择在泡沫破灭前发动战争。 War during shift crisis, fermented the new crisis. If the European war just ended, whatever the crisis breaks out, perhaps then continued one year or so to pass. 战争在转移危机的同时,也酝酿出了新的危机。如果欧陆战争刚结束,就任由危机爆发,那么持续个一年半载没准就度过去了。 Very regrettable, for the respective benefit, British and Austria governments took action to delay the crisis burst time, the bull market to be lengthened artificially for more than one year, the bulk lots turned time again, the bubble are blown the situation beyond comparison. 很遗憾,为了各自的利益,英奥两国政府纷纷采取行动延缓了危机爆发时间,牛市被人为延长了一年多,大盘再一次翻了倍,泡沫被吹到了无以伦比的地步。 After the bubble more in a big way is shattered , the destruction that brings is bigger, the Vienna Stock Market direct evaporation 3/4, other money markets are also the mostly the same except for minor differences, brought lethality are not the beforehand several economic crises can compare. 泡沫越大破灭后带来的破坏就越大,维也纳股市直接蒸发了四分之三,其他金融市场也是大同小异,带来的杀伤力远不是之前几次经济危机所能比的。 Hears this sad news, Mila Beslon complexion big change. Continues over two years great depression, the destructive power endures compared with 1848 Great Revolution simply. 听到这个噩耗,米拉贝隆脸色大变。持续两年以上的大萧条,破坏力简直就是堪比1848的大革命。 If the Holy Roman Empire cannot take the lead , to promote the world economic recovery, perhaps continental Europe must reappear 1848 Great Revolution. 如果神圣罗马帝国不能够率先走出来,推动世界经济复苏,没准欧洲大陆又要重现1848年的大革命。 In some sense, the present European world compared with 1848, had the eruption revolution foundation. 某种意义上来说,现在的欧洲世界比1848年,更加具备爆发革命的基础。 Affects the unemployment tide of various countries, the economic situation of deterioration, the complex international contradiction, hatred between various European countries, is the hotbed of revolutionary idea. 波及各国的失业浪潮,恶化的经济形势,复杂的国际矛盾,欧洲各国之间的仇恨,都是革命思想的温床。 The French who is not willingly defeated, gets sucked into Spain of Philippine war Mire, the monarchy sends soon to make Portugal of dog brain with the republican faction, various independent situation stable Italy nations, had not just had the eruption revolution foundation. 不甘心失败的法国人,深陷菲律宾战争泥潭的西班牙,君主派和共和派快要打出狗脑子的葡萄牙,刚刚独立局势尚未稳定的意大利各邦国,都具备爆发革命的基础。 As the new eldest child's Holy Roman Empire, is seemingly awe-inspiring, in fact also arrived at intersection. Once continental Europe eruption revolutionary tide, the trouble of Vienna government must greatly. 作为新老大的神圣罗马帝国,看似威风八面,实际上也到了十字路口。一旦欧洲大陆爆发革命浪潮,维也纳政府的麻烦就大得去了。 Especially is eying covetously in secret, wants to do Britain of matter ; And seemingly restrained the point, actually ambitious czar government. 尤其是还有一个在暗中虎视眈眈,想要搞事情的不列颠;以及看似收敛了锋芒,却又野心勃勃的沙皇政府。 Under this situation, imperial family financial group , if not endure suffering to shear the meat a bit faster, perhaps sheared the meat the opportunity not to have continually. 在这种背景下,皇室财团要是不快点儿忍痛割肉,没准连割肉的机会都没有了。 ...... ……