Regarding the global economic and financial crisis from 2007 to 2008, if you put it a few years later, any person can talk about a bunch of analytical opinions.

All kinds of brick families have posted some articles published in their early years, arguing that they once had "foresight" and predicted the occurrence of the crisis, but unfortunately no one believed it.

However, at this time in early August 2007, except for Jiang Hui, I am afraid that few people dared to swear that the crisis was about to break out, right?

Some of the "brick families" who bet on the same publication all day do not count.

"Mr. Jiang, do you really think that a financial crisis is about to break out?" Guan Weidong once again confirmed Jiang Hui's thoughts.

"Hunch, it is said that people are not good for a hundred days, and flowers are not prosperous, the global economy has been developing rapidly for many years, and it is impossible to continue so quickly", Jiang Hui naturally did not tell Guan Weidong about his real judgment reasons, but said something that is universal.

"If that's the case, then maybe our feast is about to begin," Guan Weidong said as he looked at Jiang Hui with bright eyes.

It was fine just now, but suddenly, like a hungry wolf seeing fat, Jiang Hui was really a little unaccustomed to Guan Weidong's transformation.

"Oh, how do you interpret this?", Jiang Hui asked a little with a bit of an examination.

"I think so, the economic crisis is coming, then the stock market will definitely plummet, and the prices of various assets will also plummet, if we can find the right opportunity to short the stocks of some companies, we have to make a few profits, and then follow the opportunity of the financial crisis, acquire some companies in the global trend, and wait until the crisis is over, ......," Guan Weidong said excitedly for five or six minutes.

Guan Weidong's thoughts are actually wrong to say. As long as you find the right node, there will definitely be no problem in entering the market to make a profit.

However, if you want to take this opportunity to earn more money from people around the world, you still need to work hard.

"Boss, let's do it, you go back and make an investment plan, and I'll think about what to do."

Anyway, the financial crisis has just begun, and it is far from reaching its climax.

I didn't see that the Shanghai Stock Index of the Celestial Empire was only more than 4,000, and it was still some distance from the highest of more than 6,000.

When he drops from more than 6,000 to more than 1,000, it will be the arrival of the "feast" of the global financial market.

"Okay, no problem, so should we continue to have a holiday in August?"

"Release, wait for your plan to come out, and we will enter the international crude oil futures market from September."

……

On August 1, 2007, two hedge funds under Australia's Macquarie Group lost more than 50% of their losses last month due to subprime mortgage problems in the United States, and the stock market fell sharply on the same day.

On August 2, 2007, the German Industrial Bank announced a profit warning, and later estimated a loss of 8.2 billion euros due to the huge losses suffered by its 12.7 billion euro "Rhineland Fund" and the bank's own small participation in the US real estate subprime mortgage market.

The Bundesbank convened the nation's interbank to discuss a package to save the German Industrial Bank.

On August 4, 2007, Celestial Bank announced an increase in the amount of provisions for subprime housing credit in the United States, which made the market aware that it was not only HSBC that was in trouble, but the entire global banking industry.

Immediately afterwards, the 10th largest mortgage lender in the United States, the American Home Mortgage Investment Corporation, formally filed for bankruptcy protection with the court on August 6, 2007, becoming another large mortgage institution in the United States to file for bankruptcy after New Century Financial Corporation.

On the same day, global stock markets fell sharply again on the back of the U.S. subprime home credit problem.

On August 8, 2007, Bear Stearns, the fifth-largest investment bank in the United States, announced the collapse of two of its funds, also due to the subprime mortgage crisis.

On August 9, 2007, BNP Paribas, France's largest bank, announced that it would freeze three of its funds, also suffering huge losses due to investment in US subprime mortgage bonds. The move sent European stock markets tumbling.

During this period, the European Central Bank, the Bank of the Island Nation, the Reserve Bank of Australia, the Federal Reserve of the United States, the Bank of Canada and other countries have successively increased the amount of provisions for subprime housing credit in the United States to inject funds of 115.8 billion euros, 1 trillion yen, 4.95 billion Australian dollars, 59 billion US dollars and 3.15 billion Canadian dollars respectively.

On August 10, 2007, global stock markets plunged for the fourth time due to the subprime mortgage problem in the United States.

The subprime mortgage crisis has begun to sweep the world.

Cancel Recruitment!

Lower the bonus!

Consider layoffs!

……

In this wave of crisis, people in the financial industry are the first to feel the chill.

Along with the turmoil in the stock market, crude oil prices hit new highs in early August and then began to fall.

Of course, Jiang Hui knows that these declines are temporary, and madness is still to come.

"Mr. Guan, how do I feel that although I am in the Maldives and the temperature around me is close to 40 degrees, why is it so cold in my heart," said Chen Xiaojian, who is in charge of the stock market investment business in the finance department of Guanghui Investment, who is on vacation.

"Thanks to Mr. Jiang, we escaped a catastrophe", although Guan Weidong couldn't stay at work for the whole August like everyone else, he also took a week out and came to the Maldives to travel at public expense with the employees of the financial department.

"The market is changing too fast, and the World Bank predicted at the beginning of last month that the global economy will grow at a new high this year.

"This month, everyone relaxes, just look at the excitement on the side, and next month we will report to Mr. Jiang about the new investment plan, I have a hunch that the era of our glorious investment is coming."

"Mr. Guan, joining Korn Glory Investment is the most correct choice I have made in my life."

"Fuck off, don't be so sensational, I won't eat you."

The two of them chatted for a while, and then they began to digress.

……

Wall Street.

It is a narrow street located in Lower Manhattan, New York City, United States.

The name of a large street that stretches from Broadway to the East River from the southern borough of Manhattan in New York City, which is only a third of a mile long and 11 meters wide, is a transliteration of the English "Wall Street."

The streets are narrow and short, only seven blocks from Broadway to the East River, but they are known as the "financial center of the United States."

The offices of the managers of banks, insurance, shipping, railroads, and other companies set up by the Morgan chaebol, the Rockefeller oil magnate, and the DuPont consortium are concentrated here.

The famous New York Stock Exchange is also located here, and it is still the headquarters of several major exchanges: such as the NASDAQ, the American Stock Exchange, the New York Board of Trade, etc.

Towards noon, the streets were crowded with tourists and pedestrians, and suddenly, there was a sound of "someone has jumped off the building" from the pedestrians.

When the financial crisis comes, there are always some people who can't withstand the blow and can't accept the reality that yesterday they were worth millions of dollars, but today they are destitute and even millions in debt.

This is just the beginning, and it's far from the end.

(End of chapter)