Ye Dongqing took the time to estimate it, and asked the members of the think tank under his command to help estimate the impact.

The conclusion is that the damage is relatively large, but not to the point of being out of control, after all, there are not many property buyers who have defaulted on subprime mortgages, and people are still immersed in the dream that house prices will continue to rise, and they are willing to pay off their mortgages even if they borrow money.

This is probably good news, his goal is to prevent the risk from expanding further, and he doesn't have to create a small economic crisis, he doesn't care whether the big companies are dead or alive, just don't take the money of the innocent middle class and the poor.

Speaking of the harm of subprime loans, in addition to the subprime loans themselves, they are mainly reflected in the CDS market, CDS is an abbreviation for "credit default swap".

The reason why many people are in a hurry to call him to ask for specific information is that subprime loans have too wide influence in the CDS market, and once there is a risk, they will lose a lot, and many companies in the banking, securities, insurance and other industries will be unlucky.

Speaking of harm, even if the fire is lit by the United States, there is a high probability that the whole world will pay for it in the end, and the influence of the dollar is not vegetarian, if it really causes trillions of dollars in losses, the United States will most likely still let the money printing machine spin and start the crazy money printing mode, and in the end, the weaker developing countries will be unlucky.

Ye Dongqing remembers that in his last life, when the subprime mortgage crisis swept the world, it directly led to some countries to adopt flood financial stimulus measures, and there was no place to go when there was more money, and then the housing prices were pushed up, and the most unlucky were ordinary people.

In this way, many people around the world should be grateful for his appearance.

Not only the United States, with the acceleration of economic globalization, the economic crisis can affect more than just one or a few individuals, especially the United States, which occupies a dominant position in the global economy, which has already "kidnapped" the global economy.

It's already turned off.,After lighting this fire, start playing and disappearing.。

The specific impact is estimated to be manifested until tomorrow, tomorrow is Sunday in the United States, and the market is still closed, but it is already Monday in Asia, it depends on whether the fire can burn to the Asian market, and the approximate scale of the loss can be calculated based on the market situation.

This is none of Ye Dongqing's business, because Ye Dongqing does not hold any CDS contracts in the subprime mortgage market, whether it is hedge funds or Tamsui Investment Group, they have already begun to move and are ready to enter the market to make money.

The water was muddied by Ye Dongqing, there were more big fish, and in addition to the three credit rating agencies, a series of related companies were also targeted by him.

Unfortunately, the subprime CDS market has not yet reached its peak, and most of the panic caused by it will not be too big, so it is certain that you can make money, and the key is how much you can earn......

I went to Freshwater Investment Group and personally communicated with the members of a working group to make sure that no mistakes were made every step of the way.

This side is trying to snipe at the subprime mortgage market and credit rating agencies, and the hedge fund is also trying to swallow all the cake, but they have to deal with the investors of the hedge fund companies, and if they are too ugly, they will get into trouble.

Trying to contain the crisis before it became more severe, the subprime mortgage will certainly not have as much impact as it did in the previous lifetime.

Due to the butterfly effect, many things have already changed, so Ye Dongqing is not worried that this will affect his business, and he usually keeps an eye on it, so as not to let the companies he invests in go down the wrong path.

At the beginning, you could invest according to the memories of your previous life, but now you can't, the current world has been influenced by him, and it has gone to different forks in the road, so that you can no longer be blind before making a decision, you must use your brain more.

The public relations speed of those credit rating companies is far faster than Ye Dongqing imagined.

At the moment, he was giving a lecture to dozens of traders, telling them the goals and precautions for the next week, and suddenly received a message from William's assistant that the CEOs of Standard & Poor's and Moody's were visiting at the same time.

I just glanced at them and continued to say what I wanted to say before I went to receive these two.

To be honest, Ye Dongqing was a little confused, and couldn't figure out why they came to find him.

If it is a question, then in the end, it will only be in vain, and he will take the initiative to come to the door and stretch out his face to Ye Dongqing, because this gang has been recognized by the Securities and Exchange Commission as a "nationally recognized rating organization (NRSRO)", and it does have many non-standard defects and has fallen into the eyes of money.

If it's an apology, it doesn't make sense.

This time, Ye Dongqing offended these credit rating giants severely, even if it is only a conservative estimate, they will fall by about 20% of the market value on Monday, and more seriously, the negative impact will continue to be far-reaching, and a group of shareholders will not come to beat him, which is already relatively restrained.

Dressed in a black suit, they returned to their office in a hurry, and after greeting each other, they only heard Sharma, the CEO of Standard & Poor's, say: "Leo, I used to admire you very, very much, and even asked my son to learn from you, but what you did this time is simply infuriating, we have always maintained a fair attitude to treat every business, maybe there is some misunderstanding in it? As far as I know, we have all given your company a high rating, especially the Internet company Facebook." ”

I didn't hear any apologies from this sentence, just like all big companies, they are dead ducks until the last minute, and they don't want to suffer any negative consequences.

There is neither a personal level of intersection, nor a friend, Ye Dongqing's answer is very straightforward: "Is it overestimating subprime housing loans, and other financial products, I think you know better than me, don't you? In the past four years, because of the subprime loan CDO, your performance has risen year after year, and you have made enough money, and you are about to forget what is the most important thing for a credit rating company. A housewife who works part-time at a convenience store can afford a high-interest mortgage for a long time? is currently in the stage of rising interest rates, and they are suffering from higher and higher subprime mortgage housing interest, and your responsibility is to inform investors of the potential risks in advance, rather than blindly promoting the development of the subprime CDO market in order to make money. ”

There is a strange phenomenon in the global economy right now, where central banks are reluctant to raise interest rates.

There are many reasons for this, the first of which is that people do not expect high inflation, so the central bank does not want to raise interest rates too quickly, puncture the housing bubble, and then collapse the economy.

Second, in the context of economic globalization, central banks are playing a game of kicking ball, that is, if the United States raises interest rates sharply, the central banks of other countries do not have to raise interest rates, because after the United States demand is controlled, the world's demand will be suppressed, and global inflation will be suppressed, and vice versa.

This round of interest rate hikes began in June last year, and until now there have been six interest rate hikes, and the overheating of the economy has caused housing prices and stock markets to rise, and is now in a false boom, and the signs of crisis have gradually emerged, especially in the sub-secondary housing market, the default rate is rising, and it is not above the warning line, but it is also fast......

。 m.