Chapter VII: The Housing Crisis

Tokyo, stock exchange.

On the huge central display, the eyes are full of emerald green, and the high-frequency flashing numbers are flashing green, the green people are heartbroken, and the green people are panicking.

Bank of Tokyo, sell

Loss Holdings, Sell

First Life Insurance, sold

Mitsubishi Sukeyo Bank, sold

Nomura Securities, sell

Daiwa Securities, sell

Sany Securities, sell

Bank of Mitsubishi, sold

......

Banking, securities, insurance, in the financial market how much weight is huge, at the peak, the world's top 500 top five, all neon major financial industries, Mitsubishi Suyo Bank ranked first in the world, the first life insurance in the world's second, Nomura Securities also surpassed Merrill Lynch to rank first in the world's securities company.

Now, these giant companies are selling together, and the market is immediately under heavy pressure.

19800ใ€19769.38ใ€..... 19759.14......

In the field, the telephone rang one after another, and the reports from all over the country were concentrated in the central trading area.

"Dingding!"

"First Life, sell 20,000 shares. โ€

"Dingding!"

"Sany Securities, sell 5,000 shares. โ€

โ€œ......โ€

"Ding!"

"Toyota Industries, buy 500 shares. โ€

โ€œ......โ€

The concentrated sell-off in the financial sector is a disaster for any country's market, and with the market value of these giants, once they fall, there is no power to save them.

Breaking through 20,000 points, the Orient Stock Exchange did not stop, and under the severe blows of the major weights, it probed down at high speed like a waterfall.

19650.38......19590.12ใ€..... 19490.18......ใ€

In the battlefield, the trench is the best defensive position when the two sides are engaged.

But when the position is lost, it will cause a series of irretrievable defeats.

The same is true of the market, the loss of 20,000 points is like tearing open the invisible defensive position of the market, and after the effective collapse of the 20,000-point integer number, there will only be one result.

Rout.

Because, that invisible support, represents confidence.

As JP Morgan said, confidence is always more important than gold in saving the market, and the first priority to save the market is to restore market confidence.

Unfortunately, the main reason for the collapse of market confidence is the market itself.

The bloody securities shady, the sense of betrayal, abandonment, injustice and fragmentation, has long since destroyed the real cornerstone of the market.

If you don't run, you die.

Surely death.

Knowing that the rich will die but have nothing to lose, who is willing to make fertilizer that strengthens other people.

If it's a rising market, no one cares about it, and if it's a newcomer who doesn't know how to trade, it may be confusing.

But nowadays, who doesn't understand the importance of stop loss.

At the close of trading in the morning, the Topix reported 19180, down 800 points, intraday, the lowest, 19180.

Osaka.

Capital One Office.

Shen Jiannan leaned back in his office chair, his legs crossed on the table, and a magazine in his hand.

"Yicai under the stars"

On the cover, Lee laughed at himself.

I don't know what Li Daxiao is thinking, this guy has been very narcissistic recently, and every time he covers it, he will choose a recent photo of himself as the base.

Dark gray suit, white shirt, red tie, and a pair of gold-rimmed glasses hanging from the bridge of his nose. The photo base map is very clear, and even the evil smile on Li Daxiao's face is vivid.

Title, serialized trading technology tips.

The market is like a battlefield.

A few big red letters, are you afraid?

If you don't know you're wrong, the profit or loss on your account will tell you exactly what is right or wrong.

Fear?

Scared?

Why are you so afraid and scared that you still refuse to face reality!

Because I don't want to, I don't dare, and because I expect, I am afraid.

People, the brain is defective.

When we want something, the subconscious mind will continue to hypnotize, and maybe, and so on, there will be a turnaround.

In trading, we also encounter this kind of problem.

We want to make a profit in the market, and every trader who participates in the market, with the aim and expectation, is to make a profit. But the market is a zero-sum game, and it is never possible for everyone to make a profit, and only when others are wrong and we are right, profit beckons to us.

How do you distinguish between right and wrong?

The profit and loss on the account is the most intuitive embodiment, affected by the big trouble, the subconscious will hypnotize when the loss is lost, maybe the lost money will come back, but our instinct is to constantly remind ourselves.

Listen, fear.

Why can't I think during the day, can't sleep at night, turn and turn, and can't sleep?

Because your instinct tells you that you are wrong, but your hope, your subconscious mind is unwilling to admit it.

......

On the wrong path, it is not possible to wait for the light by persevering, and the most correct choice is always to correct the wrong choice at the moment.

......

Flipping through the magazine in his hand, the corners of Shen Jiannan's mouth twitched.

Li laughed at this guy, not to mention anything else, the ability to grasp the weakness of human nature is simply unique in heaven and earth. The modifier of this kind of article, I am afraid that any loss will be uneasy after reading it, and regret it and instinctively agree.

Talent, this is really talent.

He put down the magazine in his hand, grabbed the tobacco on the table and lit one. Taking a deep breath, Shen Jiannan closed his eyes and pretended to sleep.

"Bang bang!"

There was a knock on the door, and it was William who had come up from work.

โ€œBOSSใ€‚ The Topix closed at 19180 and the Nikkei 225 closed at 19040, and we currently have a position of 7,600 contracts and a profit of about 82 billion ......"

Eight hundred and twenty billion.

Shen Jiannan raised his eyelids and yawned.

"Go out in the morning and bring me a meal. โ€

โ€œ......โ€

William's face twisted.

What the hell did you do at night, otherwise, with the cheapness of your own boss, you will definitely sing hallelujah again now, thank God.

The fire of gossip was burning, and William asked with a sinister eyebrow.

"BOSS, do you want to help you order a medicinal diet, neon medicinal diet is very good, goat weed, replenish the positive energy of the body. โ€

"William, how do I feel your skin itching. โ€

After Shen Jiannan finished speaking, he picked up the magazine in his hand and shook his hand and smashed it.

"Hey, hey!"

Banking Bureau of the Ministry of Finance.

The atmosphere was gloomy, and the oppressive atmosphere made everyone feel heavy.

As a basic plan for the survey, a table comparing the amount of financing and the average net profit of the Sumitomizu Seven Cooperatives over the past three years by type of business and by major bank was presented to the Minister's Office.

If they are abandoned, all the companies will go out of business.

It dealt a heavy blow to Changxin Bank, Trust, part of the second local bank, and part of life insurance, which was fatal to the system.

Creditworthiness issues with mortgaged securities can occur.

Other independent non-bank financial companies will also fail, and some local banks and secondary local banks will be hit even harder.

Putting down the investigation and analysis report in his hand, Kenji Mito only felt a pain in his head.

The so-called housing professional finance company is the abbreviation of Neon Housing Professional Finance Company, which was established in the early 70s with the support of the Ministry of Finance to provide housing credit to private individuals and small and medium-sized enterprises with banks as the parent body.

Due to the upward trend in real estate prices, the collateral limit for housing loans is as high as 80%, and there are tens of trillions of yen in loan balances.

But now, the price of housing is sluggish and cooling in the downturn, almost there is no market for the price, and the transaction is light and cannot be sold at all. Many companies have difficulty repaying their loans and collateral, and a large number of bad debts have been formed.

Once these bad debts erupt collectively, it will impact the collapse of all housing companies.

If the collapse of these companies will cause serious panic in the domestic financial market and may even cause a political crisis.

The house leaked overnight, and the current financial market is an eventful season, and the major housing companies are in a hurry now.

Kenji Mito had a deep headache.

At present, major companies in the residential college are in urgent need of blood transfusion and oxygen transfusion, but with such a big deficit, it will be astronomical to fill the required funds.

What to do?

"Bell bell bellโ€”"

The phone on the desk rang suddenly, and Kenji Mito put down the report and picked up the phone. In the earpiece, a hurried and panicked voice came. Kenji Mito felt a hard blow in the chest.

The Bank of Hyogo is in an emergency.