Chapter 658: The U.S. Subprime Mortgage Crisis Erupts!
The online socket is very creative, and the graphene LED bulb is crushing all the current bulbs, and you can save a lot of money just by saving electricity bills. Pen | fun | pavilion www. biquge。 As a result, online sockets and graphene LED bulbs took the world by storm as soon as they were released.
At this moment, many environmentalists around the world have stood up and called on everyone to use graphene LED bulbs, and even many countries have publicly stated that they encourage people to use graphene LED bulbs.
Time magazine wrote: "Edison invented the light bulb and changed human life forever, and Henry Williams invented the graphene LED light bulb and changed the earth's environment forever! Although they did not live in the same era, they were equally great!!
Kenneth Morse, editor-in-chief of Reuters, said: "The emergence of graphene LED bulbs will completely disrupt the !! of the global lighting industry"
Marshall Petty, a well-known financial expert in the United States, said: "Homes, schools, companies, factories, public infrastructure places, etc., electric lights are everywhere! It is closely related to human life, according to the statistics of "Bloomberg", the global lighting market is worth trillions of dollars! Graphene LED bulbs are born, which will rewrite the pattern of the lighting industry!!
Currently, the world's largest lighting company is General Electric Lighting, Inc. (GE Lighting) for short.
As we all know, GE, the parent company of GE Lighting, was founded by Mr. Edison, the inventor, who first founded the Edison Electric Light Company in 1878, and later merged with the Thomson-Houston Electric Company to form GE General Electric Company, which is one of the top 50 companies in the world. At the same time, GE is the only company still on the Dow Jones Industrial Average since its inception in 1896!
Right now, GE Lighting is experiencing its biggest crisis ever!!
According to an ABC TV reporter, on the day of the press conference of Williams Super Energy, GE immediately held a board meeting, apparently urgently discussing countermeasures. At present, GE Lighting's main business is divided into three business segments: LED, light sources and luminaires.
Among them, the LED business segment provides a complete set of world-class and environmentally responsible LED lighting systems and solutions for various applications such as signage, architectural lighting, traffic lighting, display lighting and general lighting, and the light source business segment produces and sells a full range of light source products, including incandescent lamps, tungsten halogen lamps, fluorescent lamps, energy-saving lamps, high-intensity discharge lamps, and automotive and specialty lighting. GE Specialty Lighting develops and sells lighting products for aircraft and other transportation systems, front and rear projection, video projection, medical, architectural, fiber optic, stage, studio and theater, and the lighting business segment includes industrial and commercial lighting fixtures, road lighting fixtures, flood and area lighting fixtures, as well as supporting electrical and electronic products. All of these products pass through a strict 6 Sigma process quality control system to provide perfect lighting solutions for hundreds of millions of users around the world.
If you compare graphene LED bulbs with 'GE lighting', the scale of the two is really far apart. Graphene LED bulbs are just a very ordinary small bulb with a single product, while GE Lighting is like a behemoth! However, graphene LED bulbs have unlimited potential, which can gradually enrich the product line, beat GE Lighting, and become the hegemon of the global lighting industry!!
Although GE has been keenly aware of the huge threat, it is difficult to predict whether GE Lighting can maintain its position as the world's No. 1!"
Financial expert Marshall Petty is right, following graphene LED bulbs, Williams Super Energy will also produce more abundant products!
On June 7, Williams Super Energy registered a wholly-owned subsidiary, "Williams Electric Light Company", with a registered capital of up to 10 billion US dollars and more than 1,500 employees, specializing in the development of graphene lighting products!
In the past week, the number of graphene LED bulbs sold has reached 75 million, of which more than 28 million have been sold in the Williams Empire alone, which has swept the world and become the preferred product for home lighting. At the same time, the sales of online sockets are also very hot, with 19.5 million units sold, and home users with robot EVE have snapped up online sockets.
The lighting company and the socket company couldn't help but break out in a cold sweat on their backs!
Graphene LED bulbs and online sockets are too violent, and they have swept away market share with lightning speed. However, it's only been a week, and if it goes on like this, everyone will have to drink the northwest wind!
For a time, in order to deal with the attack of Williams Electric Light Company, major lighting companies and socket companies around the world began to fight a price war.
Faced with this situation, Henry couldn't help but smile faintly, "The cost of graphene LED is lower than that of traditional LED, if you want to fight a price war, you are not afraid at all! ”
Henry shook his head, these little things didn't matter.
At around 11 o'clock this morning, Bear Stearns, the fifth largest investment bank in the United States, announced that its two hedge funds had stopped redeeming. A spokesman for Bear Stearns explained to investors this way: "We think the fund's portfolio is good enough to survive until the market returns to normal, and we believe that stopping redemptions is in the best interest of investors to protect the long-term interests of investors." ”
And the words of Bear Stearns' spokesman turned out to be nothing more than an illusory imagination, not only did these two funds suffer as a result, but Bear Stearns itself was not immune to the crisis!
Even Wall Street at this time seemed unaware of the impending storm!
On July 19, 2007, the Dow Jones 30 Industrial Stock Average Price Index of the New York Stock Market actually hit a record high, breaking through the 1,400-point mark for the first time.
However, the Americans soon stopped laughing. In August 2007, the subprime mortgage crisis finally erupted in full swing as a large number of bad debts from subprime mortgages surfaced and securities based on these subprime mortgages began to depreciate sharply.
On 1 August 2007, Macquarie Bank announced that investors in its two high yield funds faced a 25% loss.
On August 2, 2007, the German Industrial Bank announced a profit warning, with an estimated loss of 8.2 billion euros, due to the huge losses caused by its 12.7 billion euro "Rhineland Fund" and the bank's own small participation in the US real estate subprime mortgage market!
On August 6, 2007, the U.S. Home Mortgage Corporation declared bankruptcy.
On August 8, 2007, Bear Stearns, the fifth-largest investment bank in the United States, announced the direct collapse of two of its funds.
On August 9, 2007, BNP Paribas, France's largest bank, announced that it had frozen three of its funds, also suffering huge losses because of its participation in the investment of US subprime mortgage bonds. The move also led to a heavy setback in European stock markets.
On August 10, 2007, the U.S. subprime debt crisis spread to the world, and central banks around the world began to intervene!
At this moment, Henry, Karina, and Vill Little sat in the hall and opened champagne to celebrate.
"The whole world is muddy, I am alone, everyone is drunk, I am sober!, come, let the subprime mortgage crisis come more violently!!" Henry smiled excitedly as he raised his glass. Karina and Violet sat on either side of Henry, and also raised their wine glasses, looking at Henry with a smile on their faces, their eyes revealing incomparable tenderness!
Who is 100% sure that the subprime mortgage crisis in the United States will break out, and who has the courage to spend trillions of dollars to short the stock market and real estate?
Karina and Willett couldn't help but admire Henry, and they also felt extremely proud and proud in their hearts. Every woman has a hero in her mind, and the hero of Karina and Villette is the man in front of her......
(To be continued.) )