Extraordinary Genius

1711. Chapter 1711 is full-blown (subscription)

The country’s mortgage investment investment company filed for bankruptcy protection. This is another big mortgage lending institution on the verge of bankruptcy after the New Century Financial Corporation.

And followed by Bear Stearns, the fifth largest investment bank in the country, announced that its two important fund companies had closed down.

Then in Europe, banks such as Germany and France or investment institutions have announced that they will freeze their funds to invest in the rice loan market. On the Asian side, Japan and South Korea’s banks have also announced losses in the rice market.

This has not caused too much panic in the foreign countries, because the bank losses in Asia and Europe can still bear, and it does not necessarily affect the main body.

However, the country of the country is not going to work. No one of the major investment banks has been damaged. Even the company like Wal-Mart has suffered huge losses.

As the world’s number one retail giant, Wal-Mart has a huge amount of daily transactions, and there is a large amount of cash stranded. This money must not allow it to stay on the books and take out investment. This is the most correct way of doing business. .

So under Wal-Mart, there is also a credit company, which has caused a huge loss to the credit company of Wal-Mart.

At this time, the rice country was obviously unable to hold back. The Federal Reserve Bank began to inject more than two billion dollars into the bank to save the market.

It is a pity that more than two billion dollars is nothing to do.

Europe is preparing to save 158 billion euros. Japan has prepared a trillion yen to save the market. But what surprised many people is that China, which is also a big creditor country of the country, has silently said this.

These bailouts have spurred financial markets. Many people are rumored that the financial market in the country will collapse, and it will spread to the major financial markets around the world. Europe and Asia can’t escape.

In the past two days, both stockmarket and major futures markets such as gold and crude oil have fallen across the board.

Just a few days ago, the crude oil of $80 was broken, and this time it fell below $80. Fortunately, Feng Yu, they have already made a new hedge.

What’s more, Feng Yu, they bought the price of these contracts, but only fifty dollars. Now that the crude oil has fallen a little, they just lost a little profit and still have a high profit.

Dow Jones originally rose to the index of more than 14,000 points, and plunged into the water for two consecutive days, the decline exceeded 3%.

Inevitably, the stock indexes in Europe, Japan, and Hong Kong all fell, and even China’s stock index fell.

It is really not blown by the influence of the country on the world economy. The country issued a large number of national debts, especially during the George Bush’s Government. They also launched a war to teach Afghanistan in the name of terrorism, and made Europe and many Asian countries become their creditors.

The more countries with fast economic growth, the more they buy their national debt. Countries such as China and Japan, which have high foreign exchange reserves, have astronomical figures.

At this time, why did the rice country not send out too much rescue plan, and the rescue fund of the rice reserve bank of the country was less than one-sixth of the European side.

Because there is another trick in the country, it is the bankruptcy of the government. Those national debts, I don’t know when it will be realized. Of course, if the Government goes bankrupt, the loss to the country is huge. Any President does not dare to make such a decision easily.

Moreover, the issue of the national debt of the country is huge, but 60% is inward. In other words, it is the investment institutions and nationals of the country that buy more foreign currency bonds.

The country is only a threat to Europe and Asia. You are pulling me, or if I am bankrupt, your previous investment may be drowning.

Of course, they also threaten China. It is a pity that China has never paid any attention to it. If you dare to go bankrupt, I will recognize those national debts that have become waste paper, and see who is losing.

The more economically developed, the greater the bankruptcy loss. Just like when China was poor and white, it was not the same as anyone who was fighting. Everyone went backwards together, but you definitely retired more than me.

Although they hurt each other, I broke a finger, and you broke a wrist. Who is worse?

China Government has also seen that the subprime mortgage crisis in the country of Mexico has turned into a subprime mortgage storm, which will inevitably lead to a serious economic crisis. I have money, of course, to stabilize the domestic economic situation and control your foreign life. .

Europe has good economic conditions and debt is much higher than our China. They are definitely more nervous than us. This kind of saving thing is still to let the capable people get better. We have not taken the opportunity to go down the stone, it is already kind enough.

You see, there is a problem in your financial market. Isn’t our side affected as well?

China’s stockmarket is also falling at this time, but it is far less fierce than its predecessor, because it has already hit a round before, and many investments have returned to rationality.

Some of the stocks that have risen in the past are very fierce, and many of them have been fired. After this world was dealt with by the top, stockmarket has long since retreated to the highest heat. Now it is only over 4,000 points, less than the previous generation. Nearly one-third.

So although China stockmarket is affected, the decline is not that big, and China has a lot of money that can be used to stabilize the market.

Hong Kong is the same, although the damage is not small, but it is much better than the previous life. Two months earlier, Fu Rongqi predicted that stockmarket would fall, so they sold a lot of stocks.

At that time, famous investors such as Buffett also sold a lot of stocks in the Hong Kong market. In fact, Hong Kong’s stockmarket had not grown much.

At this time, the Asia-Pacific Central Bank also announced that the injection of funds into the banking system is mainly to ease the economic pressure of banks in Southeast Asia.

However, China Bank has not been affected at all. They have sold off mortgage bonds for subprime loans at the request of the top. Although the profits in the second half of last year and the first half of this year were relatively low, this is the subprime mortgage storm, but it has an impact on them. Dropped to a minimum.

Even the rice country bonds that these banks originally purchased have quietly sold a lot, so China’s rice country bonds held at this time are much less than this time.

The crisis of the transfer of the country, at least, has a much lower impact on China.

The world has suffered heavy losses due to the subprime storm of the country. Many experts predict that this may affect the overall economic development. Perhaps the global economy will be hit hard this year.

At this time, the global central bank has injected more than four 100 billion dollars into the market because of this subprime crisis, and this number is still in an emergency climb.

When they reached the hole, they found that there were so many holes, so big.

Feng Yu looked at the news on the Internet, the corner of his mouth swelled up, the subprime storm came, and the profits of the futures market arrived!