Although the economy of America was currently developing at a rapid pace and the financial markets were thriving, Wu Hua knew that by 1987, America would suffer an economic crisis caused by over-speculation in the capital markets, triggering a Great Depression second only to that of 1919.
Multiple securities companies and financial institutions would collapse one after another, the stock market would plunge to historical lows, and the three major American auto companies would come to the verge of bankruptcy, surviving only thanks to government bailouts. Even so, it would take those three major auto companies another three years to gradually pull through their difficulties.
When James asked about the prospects of the New York stock market, Wu Hua thought of how George's family had treated him like family over the past few days, and he felt deeply grateful.
Chapter 38