The intensifying subprime mortgage crisis and the constantly turbulent financial market have not only felt the changes in the financial industry practitioners but also the majority of stockholders.

It's not just Korn Ferry Investment, these foragers are constantly collecting and analyzing relevant changes. The major media in the United States are also constantly paying attention to the development of the incident.

The New York Times reported its thoughts on the subprime mortgage crisis on its front page:

"The subprime mortgage crisis is no longer just a subprime mortgage problem, but also a rise in delinquencies on prime loans, threatening the battered property market and a weak economy.

As house prices fall and banks tighten lending standards, people with good credit histories are increasingly defaulting on their home loans, car loans, and credit card overdrafts, according to industry statistics and economists.

As with subprime mortgages, many prime mortgages in recent years have allowed borrowers to make a smaller down payment and only charge a higher interest rate a few years later. As long as home prices rise, these borrowers can refinance the loan or sell their home to pay off their mortgage.

Now, however, as house prices fall and lenders take austerity measures, creditworthy homeowners are beginning to face the same financial pressures as sub-creditworthies.

James Keegan, bond portfolio manager at Century Investments, a mutual fund company, said: Subordinated debt is just a symptom of the problem. The real problem is that we have a debt or a credit bubble.

……”

The Washington Post looks at this crisis from another angle, which does not know when it will disappear:

Jacque, a friend of the journalists, works for a large U.S. real estate agency and teaches at a community college in Northern Virginia.

Jacqui is very busy, the reporter interviewed her, and found that she is often too busy to take care of eating, or accompany clients to see the house, or go to class, and is still in the office late at night.

According to Jacques, the number of people who want to rent and sell houses is much higher than before.

The former is due to the fall in housing prices, and more and more people who originally planned to buy a house have begun to hold on to their coins and join the renting army.

Demand determines prices, and in contrast to the sharp drop in house prices, rental prices are bullish.

The people who want to sell their homes are those who are stuck in the subprime mortgage crisis, and although they are not so miserable that they are forced to auction off by the banks, they are exhausted by the rising cost of repayment.

Although it is not a good choice to sell a house when house prices are falling, you can only reluctantly part with it.

For Jacqui, a real estate agent, a lot of work means more income.

The reporter jokingly asked Jacqui if he was a beneficiary of the subprime mortgage crisis, and Jacqui shook his head in denial.

Jacque, who originally worked in New York, came to Virginia two years ago with the intention of buying a house and settling down, but instead chose to rent an apartment and stay on the sidelines.

Who wouldn't want to live in their own house?

What's more, the rise in gasoline and food prices has also made my spending increase significantly.

Everyone is feeling the effects of the subprime mortgage crisis, but to a different extent.

This is true for individuals, but also for businesses, especially small businesses......"

……

"Mr. Jiang, this is the October sales data of Guanghui mobile phones that just came out", Liao Yun handed Jiang Hui a document.

"GPAD actually sold 1.05 million units? Basically, one unit is produced and one unit is sold," Jiang Hui said, looking at the report.

"Yes, Gphone's performance continues to be eye-catching, with sales of more than 2.1 million, and it has already occupied a place in the high-end mobile phone market."

If you put aside Nokia, which sits on the mountain of the mobile phone industry, the sales of Guanghui mobile phones are really a lot.

The global mobile phone sales are about 100 million a month, of which Nokia accounts for nearly half, and the remaining brands such as Sony Ericsson, Samsung and Motorola sell about 10 million units a month.

The Gphone of Guanghui mobile phone has two million units a month, and it has already sold 20% of people's sales.

Considering the price of Gphone, basically the monthly turnover of Guanghui mobile phone has reached four percent of others, and this is still not counting Gpad.

Of course, other people's homes are not counted as other businesses.

Otherwise, like Motorola, mobile phones are just a small part of people's business, and the majority of people are not here.

In any case, it shows that the glorious mobile phone is now a force that cannot be underestimated.

Everyone has also begun to face up to the arrival of smartphones and constantly adjust their strategies. In particular, Samsung's mobile phones, which are closest to the Celestial Empire, are said to be already developing Android-based smartphones.

"It seems that the era of smartphones is really coming, and it is said that there are now more than 10 manufacturers in China who have applied for source code from us. Although not every one of these manufacturers will actually enter the industry, there should still be three or five of them," Jiang Hui said.

"Do you mean that it won't be long before there will be three or five other mobile phone manufacturers in China that also produce smartphones?" asked Liao Yun.

"Yes, these three or five refer to the regular army, if you count those cottage workshops in Huaqiangbei, it will not be three or five, but thirty or fifty."

"Many of those copycat phones are actually infringing on our patents. At present, most of them are imitating our Gphone, or have made some so-called micro-innovations on the basis of Gphone, should we sue them?".

"No, they won't cause us substantial harm, just study Microsoft's methods of promoting the operating system in the Celestial Empire," Jiang Hui said.

In the beginning, for Gates, it was a matter of course for Gates to sell a copy of the operating system to a customer for profit.

However, when Microsoft's market began to expand into the Celestial Empire and other countries, it became clear that this may not work.

When Chinese people first connected to the Internet, basically nine out of ten computers used the indos system. When the Internet is slowly popularized and individuals can buy computers, it is actually a good time for the indos operating system to make a profit in China.

However, at that time, in the Celestial Empire more than ten years ago, a genuine indos system cost hundreds of thousands of yuan, which was undoubtedly a huge amount of money for the people at that time.

Because Microsoft attaches great importance to the domestic market, it defaults to the rampant piracy of the indos system and cultivates the habit of domestic users to use indos.

After all these years, it can be said that the Chinese people's dependence on the INDOS operating system has been particularly high.

In particular, ordinary personal entertainment and basic office computers are basically operating systems.

Of course, this is also thanks to Microsoft's cooperation with a number of domestic computer companies, such as Lenovo. Every Lenovo computer, whether it is a desktop or a laptop, has a genuine indos operating system.

In other words, when we buy a computer, we have actually paid for the genuine INDOS system.

Only those netizens who use assembled computers, most of them now use pirated operating systems.

"In this case, then we will ignore them for now", after Liao Yun heard Jiang Hui say this, she no longer bothered about this issue.

(End of chapter)