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The revitalization plan went horribly smoothly, and Hunter was completely panicked.
They and the government have taken many remedial measures, but they still have no effect.
"Yi Xiaohai has too many MBS in his hands, so he can only sell many houses. If he cannot control the property market, the financial market can only rely on the US Reserve to print money to save it.
If this continues, the U.S. foreign exchange and treasury bond markets may also collapse completely.
What troubles Hunter the most is that Yi Xiaohai invested in the U.S. real estate industry a few years ago, and the U.S. branch of Yuntian Real Estate actually owns tens of millions of houses.
Since June, the number of new housing starts in the United States has dropped by 45.5%, reaching an all-time low, and housing prices in the United States have fallen to the level of the Great Depression.
"If Yi Xiaohai takes out the tens of millions of houses in his hands, the real estate market will be in ruins. Not only will millions of people be displaced, but the entire country's economy will collapse.
"You go and contact Yi Xiaohai. I want all the properties in his hands, and I can give you 1% of the profit."
Hunter decided to bow his head and temporarily stabilize the situation, but Yi Xiaohai refused. He could not give the Locke family another chance.
At the end of August,
The Han and Tang Dynasties sold all their properties into the second-hand market, and the U.S. property market indicators deteriorated across the board.
The National Association of Realtors said that existing home sales have declined for four consecutive months, with only 88 transactions in August!
There are only 88 units for sale in the entire United States. You can imagine how cold the housing market is!
The S&P Shiller National Home Price Index plummeted 9.1%, the largest decline in history.
Hunter no longer pins his hope on Yi Xiaohai to let him go, he is looking for his own solution.
September 1,
Stock god bought $8.1 billion in junk bonds issued by Texas utility companies, and the United States decided to freeze some mortgage interest rates in the next five years
The U.S. Reserve¡¯s periodic bidding tool injects $100 billion in 28-day funds into the market.
Merrill Lynch announced three sales agreements to write down $54 billion in subprime mortgage securities to ease the funding crisis.
September 2nd,
The U.S. Reserve¡¯s emergency interest rate cut by 75 basis points to 3.50% was the largest rate cut by the U.S. Reserve since the 1980s.
September 4th,
The U.S. Reserve cuts interest rates by 50 basis points
September 8,
The number of unemployed people in the United States fell by 98,000.
September 10th,
The six major U.S. mortgage banks announced a lifeline plan to prevent foreclosures and announced a "lifeline" plan
The stock god spent $180 billion to provide reinsurance for U.S. municipal bonds.
September 11th,
The chairman of the US Reserve Bank announced that interest rates will be cut even if inflation accelerates
September 12th,
There are more than 160,000 unemployed people in the United States, more than 70% of Wall Street staff have been laid off, the US Reserve has released $5 trillion in water, and the US dollar has seriously depreciated.
¡¡
Han and Tang North America Headquarters,
Yi Xiaohai looked at the crowd of people marching outside the window, his face expressionless.
In troubled times, it is always the common people who are unlucky. He hopes that China will become stronger after this, and he also hopes that the leadership can face economic problems correctly.
Don¡¯t blindly pursue growth and ignore the fundamentals.
"Boss, there are demonstrations happening all over the United States. Hunter seems to want to shift the responsibility to the Han and Tang Dynasties. I'm afraid it won't be very stable by then. Otherwise, you should go back to China first."
"Momoduo told me that they don't dare to mess around for the time being,"
Because of the unemployment problem, the American people are very angry. If we target the Han and Tang Dynasties now, I am afraid that even more people will be unemployed.
"Are we ready?"
"Ready, Europe, South America, and Asia are all ready, just waiting for us to make a decision."
¡°Then let¡¯s get started.¡±
"Boss, do you really want to start?"
Anyone who knows Yi Xiaohai¡¯s plan knows that once the revitalization plan is launched, it is irreversible.
The subprime mortgage crisis has proven that finance is far more cruel than imagined and cannot be controlled.
¡°So many established financial companies on Wall Street, as well as financial families like Hunter, wanted to take advantage of the subprime mortgage crisis to make money, but found that the situation was beyond their control.
After playing the eagle for a lifetime, I was pecked blindly by the eagle, and it was probably them.
Now they can only rely on their strong family background and hope that the U.S. government will not sit idly by, otherwise bankruptcy will be waiting for them.
Although they have a risk aversion mechanism, in the face of a global crisis, they are likely to be shattered.??
Even if you survive, you will only be able to survive.
Lu Zhixin knew very well that once the plan was launched, no matter what irreversible things happened, the Han and Tang Dynasties would need to provide assurance to other countries in Europe, America and Asia.
Because the plan cannot be fully implemented without knowing everything.
If the situation gets out of control, I am afraid that the Han and Tang Dynasties will also be wiped out.
Lu Zhixin followed Dong Li to join the Han and Tang Dynasties very early. He did not want to see the complete collapse of his hard work.
Yi Xiaohai turned around and looked at him with a smile:
"The Han and Tang Dynasties will always be there."
¡¡
September 20,
The Dow Jones Industrial Average fell to 3011.59 points, a record low, which means the Dow¡¯s market value has shrunk by 70%.
September 21,
The Footpan Index fell 10% in early trading, the China Magic Index fell 3%, the Hang Seng Index fell 7%, and all European stock markets fell more than 10%.
Fortunately, the central banks of various countries announced to inject capital into the banking system, and at the same time Han and Tang announced to invest more than one trillion yuan in Europe to save the European market.
Europe also announced that it will cooperate closely with China to develop greater trade cooperation and reduce tariffs on related products.
September 22,
American International Group announced that its losses in the third quarter will exceed US$200 billion, becoming the last straw to overwhelm US stocks.
The historic quarterly loss announced became the last straw for the U.S. stock market.
September 23
General Motors filed for bankruptcy protection, and U.S. stocks plummeted across the board. The Dow fell 11%, the S&P fell 5%, and the Nasdaq fell 15%.
Because Citigroup announced a bailout and formed a super fund, its stock price reached a new low.
September 24,
Citigroup declared bankruptcy and Wall Street laid off employees across the board.
September 25,
There are 4.2 million people receiving unemployment benefits in the United States, and a conservative estimate is that 5 million people are unemployed.
September 26,
Lehman Brothers fell into financial crisis and announced that it had filed for bankruptcy protection.
September 27,
The United States has officially submitted a bill to save the financial system to Congress, intending to inject $5 trillion to resolve non-performing mortgage assets.
They hope to solve the problem quickly and avoid a Great Depression.
September 28,
China was the first to announce the sale of US$3 trillion in U.S. Treasury bonds, followed closely by Europe, and Japan, South Korea, and polar bears have started selling mode.
At the same time, the private sector also began to sell.
The domestic financial institutions in the United States cannot protect themselves and have no energy to manage the national debt, which directly leads to the collapse of the national debt market.
In order to save its credibility, the US Reserve issued an additional 8 trillion yuan and wanted to buy back some short-term government bonds, but this directly led to the depreciation of the US dollar.
A rating agency jointly established by Han and Tang Dynasties, Europe, Japan and South Korea,
???Evaluate C-rated companies by Moody's, Fitch and Standard & Poor's, the three major rating agencies, and reveal the role they played in the subprime mortgage crisis.
At the same time, they rated U.S. Treasury bonds as junk financial products.
Kyushu
The United States sought financial rescue plans from Europe and other countries, but all were rejected.
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