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Free Web Novel,Novel online - All in hlnovel.com -> Romance -> Brilliant Life of Rebirth 98 Chapter 1875 The Spencer family¡¯s decision (1)
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In the study room of French Bourne Winery, Yi Xiaohai was very surprised when he received a call from Dong Li.
He remembers clearly that the trigger for the U.S. subprime mortgage crisis started when the Federal Reserve raised short-term interest rates.
The subprime mortgage business uses a combination of fixed interest rates and floating interest rates for repayment. Home buyers repay at fixed interest rates in the first few years and then use floating interest rates to repay.
The U.S. housing market has been booming since 2000, and the Internet bubble burst. The Federal Reserve has cut interest rates 11 times in a row since January 2001, and the federal funds rate has been reduced from 6.50% to 2.50%.
The interest rate is reduced by 400 basis points, which means that low-interest loans can be used to buy houses. The real estate market is developing rapidly and house prices are rising.
It is now 2006,
The fixed-rate repayment period has ended, and more and more people need to repay based on floating interest rates. The Federal Reserve has raised short-term interest rates, subprime mortgage repayment rates have risen sharply, and loan repayment pressure is increasing.
In this context, the real estate market began to cool down, and it became extremely difficult for home buyers to sell their homes or refinance their mortgages.
The credit or income of subprime borrowers is unstable, and more and more people are not repaying their loans on time. ,
The banks could only forcibly repossess the houses, but they could not sell them at high prices, resulting in large-scale losses, which truly triggered the subprime mortgage crisis.
Yi Xiaohai¡¯s recovery plan started from the subprime mortgage crisis. However, the Federal Reserve was not supposed to raise interest rates until the end of this year. Unexpectedly, it started before April came.
"Is there any movement on Wall Street?"
"Many investment banks are still lending crazily, and there is news from within them that they believe that a 50 basis point adjustment in interest rates will have little impact."
¡°Where¡¯s Goldman Sachs?¡±
¡°I¡¯m still continuing to pay for my mortgage.¡±
"You should be prepared now and follow the plan you made earlier. Pay special attention to the movements of Goldman Sachs and don't let them seize the opportunity."
During the subprime mortgage crisis in history, Wall Street investment banks suffered heavy losses, especially the European Investment Bank. Only Goldman Sachs received sufficient benefits.
¡°In the early days of the subprime mortgage crisis, they sold their mortgage-backed securities at 90% of the market price.
On the surface, the losses are not small, but secretly they shorted the property market through CDS, thereby making large profits after the crisis broke out.
Since then, Goldman Sachs has completely left behind those competitors on Wall Street and has become the absolute leader among the world's investment banks.
Yi Xiaohai didn¡¯t know whether the subprime mortgage crisis was planned by Goldman Sachs or because Goldman Sachs found out that it was wrong and made adjustments. No matter which reason it was,
He must pay attention to Goldman Sachs¡¯s movements to avoid problems with his plans.
"Also, help me make an appointment with the Morgan family, Momoduo, old man Miller, George, Jones and Demian. I will go to the United States next week"
The subprime mortgage crisis affects not only the U.S. economy, but also the entire world.
If the Han and Tang Dynasties went it alone, it would be equivalent to putting the whole world against themselves, and they would definitely become the target of public criticism.
Therefore, he needs to attract enough European and American forces to win over one group and attack another group, so as to ensure the smooth progress of the plan.
After talking to Dong Li on the phone, he made an appointment with Carter, the Spencer family, and the Harder family to discuss the big plan.
¡¡
In the evening, after receiving a call from Yi Xiaohai, Carter, Jeff and Old Harder rushed to Bourne Winery.
"What kind of good opportunity is Yi to make money? Do you have to tell me in person?"
Carter needs to rely on Hantang and Yi Xiaohai the most, and the relationship between the two is the best. He didn't avoid too many questions and asked straight to the point.
"I have a plan that, if successful, can double everyone's assets. However, our opponent is Wall Street, and we may completely offend them. Whether you are willing to participate or not depends on your attitude."
The three of them were somewhat silent.
Wall Street is not only a financial mecca, but also the combination of interests of many forces in the United States. It can even be said to be the engine that controls the global economy.
The Internet bubble burst, and the Han and Tang Dynasties gave Wall Street a hard blow. Many forces in the United States deeply hated Yi Xiaohai.
After five years, Yi Xiaohai wants to stab Wall Street again, which might lead to a world war.
"Yi, can I hear the detailed plan?"
The Spencer family is keen on entering politics, and Jeff hopes to understand clearly before making a decision.
Yi Xiaohai shook his head:
"I'm sorry, Jeff, this matter cannot be disclosed in advance, otherwise it will be difficult to succeed. I can only tell you that my plan will make the Spencer family become the most powerful one in the world, and even the whole of Europe."A strong family,"
"But everyone knows that the greater the benefits, the greater the risks. When the Spencer family participates in the plan, they must be prepared for crazy revenge from the forces behind Wall Street, and they must be prepared for the worst."
Yi Xiaohai will not force anyone to participate in the plan, so the stakes must be clearly stated.
His purpose is to break the status of the US dollar in the world,
The U.S. dollar is the core tool for making money for the Federal Reserve. Behind the Fed are Wall Street giants. If their core tool for making money is destroyed, they will definitely go crazy.
By that time, it will not only be a financial and currency war, but also a more intense conflict.
Therefore, if you want to participate in the plan, you must be prepared to fight Wall Street and be determined to either die or die.
Jeff understood what Yi Xiaohai meant and remained silent because he could not make a decision.
Old Hade suddenly laughed:
"Count us in the Hard family"
¡°Who among the three hates the forces behind Wall Street the most, it¡¯s Old Harder.
The Harder family is as famous as the Rochai family and the Locke family, and has a profound foundation. The three major families even established the Piccolo Club.
It¡¯s just that the two major families, Luochai and Locke, are taking advantage of the Hard family.
After they integrated the resources of the Hard family on the grounds that the Bic Club was a whole, they limited the Hard family's territory to a very small area in Europe.
The Hard family is gradually declining. Old Hard hates Luo Chai and Locke deeply, and he always wants to teach the two families a lesson.
?Three years ago, he cooperated with Yi Xiaohai just to break the situation. Now that the opportunity has come, he will definitely not let it go.
Old Hade agreed to join the plan, and Yi Xiaohai's mission was basically completed.
Because the Hard family has great energy in Europe and can win over many European forces, while the Carter and Spencer families mainly have energy in Yingge Leng,
¡° Taking down the Harder family is equivalent to taking down half of the European power, and the effect is completely different.
Carter suddenly felt a little annoyed,
He has the closest relationship with Yi Xiaohai, but Old Hader preempted him from expressing his opinion. It is simply intolerable:
"I will participate too."
Carter felt that he had to make his position clear, otherwise he would be really embarrassed if Jeff took the lead.
In fact, he thought a little too much,
Yi Xiaohai¡¯s words were very vague, but the impact must have been great. Jeff could not make decisions on behalf of the Spencer family
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