Chapter 328: The Shadow of the Financial Turmoil Suddenly Appears (Part I)
"First of all, there must be something wrong with Merrill Lynch's internal capital chain! There should be no doubt about that! ”
- All these signs tonight, coupled with some real information from his wife's mouth from little Antonio, are enough to clear Austin's whole thoughts.
I saw him smile and put his arm around his wife's shoulder, and slowly opened his mouth to analyze: "Thanks to the inflated housing prices caused by the subprime mortgages and mortgages issued by the 'two houses' over the years, the current market value of the old Antonio's house can be estimated at more than 30 million. And the old Antonio mortgaged the property in his private name to Merrill Lynch, I guess he wanted to take advantage of the convenience of the shareholder to avoid a series of cumbersome mortgage review procedures and raise cash as much as possible! And I believe that the real estate mortgaged by old Antonio must not only be the locust valley property we just visited, but also other real estate for investment! As for why he mortgaged his real estate through the channel of Guò Merrill Lynch, in addition to what I just said, he can use his identity as a shareholder to avoid some cumbersome review procedures, there should be a more important reason, that is, he may have some internal information! Judging from the fact that the CEO of 'Two Rooms' appeared at tonight's banquet, the housing market in the United States is very likely to collapse."
"Wait a minute, you're saying there's a high chance that the U.S. housing market will crash?" Peipei's eyes widened in disbelief, and her expression as she looked at her husband was full of confirmation.
Austin smiled and nodded, and continued, "Actually. One thing that all hedge funds on Wall Street know is that the current housing prices in the United States are full of bubbles! As long as "
Austin said as he made a movement to draw blocks, then looked at his wife and said with a smile: "And tonight, the CEO of the 'Two Rooms', the current Secretary of the Treasury, the former governor of the Federal Reserve, and the representative of Barclays Bank, which belongs to the European Union, appeared together, on the surface, it seems to be just a normal social gathering, but combined with the information you pry out of Little Antonio's mouth and put it together for analysis, the signs of crisis in the US housing market crash should have appeared!" And the fault in Merrill Lynch's internal capital chain is only the tip of the iceberg of this crisis, and the old Antonio must be preparing for both! ”
After a pause, Austin pondered the draft and then continued: "Anyone like me who is on Wall Street and deals with the Dow Jones every day knows it. Any stock before it crashes. There will be a rapid process, and the real estate industry will be the same way of operating! Therefore, the old Antonio is now definitely stepping into some real estate for investment purposes, and quickly recovering funds. ”
"Then why didn't he sell through the guò market. But it was mortgaged to Merrill Lynch, which holds its shares? Pei Pei was extremely curious about this, "Is he just like you say?" In order to avoid some audit procedures. Is it possible to quickly withdraw funds? Isn't Merrill Lynch already having problems with the capital chain? Why would he, as a shareholder, do this? ”
"It is precisely because he is the majority shareholder of Merrill Lynch that he has to do this!" Austin smiled and continued to explain: "Just like you Chinese saying - 'rotten ships have three pounds of iron', Merrill Lynch is one of the four major investment banks in the United States. No matter how much you lose money on the books, you can still get more than a billion yuan! And the U.S. Treasury and the Federal Reserve will not watch Merrill Lynch collapse, because the price is too great! Therefore, the old Antonio is aware of this, and will dig into the corner of his bank. Moreover, the purpose of this is to continue to cover up the signs of an imminent explosion of the US housing bubble for a while. You know, it's better to digest inside than to ventilate to the outside! During this period, Merrill Lynch's top management can also use a series of measures to pass on risks, such as continuing to issue bonds and advocating for a positive housing market. And the premise of this is that there must be the cooperation of the US Treasury Department and the Federal Reserve! As for the best risk transferees, hehehehePele, do you see anything from the attendees I introduced to you earlier? ”
Pei Pei is not stupid, just a few bigwigs gathered around the old Antonio, leaving off the CEO of the "two rooms", the former president of Goldman Sachs, the current secretary of the US Treasury, and the former president of the Federal Reserve, leaving only the US executive of Barclays Bank and the senior speaker of another hedge fund.
"You mean, they're trying to pass on the risk of a U.S. housing crash to some of Europe's big investment banks?" Pei Pei looked at her husband with a sudden realization.
“NO! NO! NO! You're only half right! Austin shook his finger and smiled: "There is no need to do anything about this situation now!" Because the one who should have been in the set has already been in the set! ”
"How?" Pei Pei asked as she looked at her husband suspiciously.
"If you want this guy who doesn't know economics to understand, then I'm going to have a long story!" Austin suddenly sold off.
"Don't sell me this guy, explain it to me quickly!" Pei Pei puffed out her cheeks and twisted Austin's arm vigorously, glaring at her husband threateningly as she twisted it.
After Austin hissed, he pulled out his pinched arm, and then finally didn't dare to sell it anymore under the pressure of his wife's eyes, and while rubbing his arm, he honestly explained: "Well, let's tell you about the last wave of economic crisis in the United States." The last wave of the crisis was the Internet economic bubble crisis that broke out in 2001, you must have heard of this, right? ”
Pei Pei nodded, she wasn't really an economic idiot, how could she not have heard of such a big event.
Austin tapped his knee and continued: "According to relevant statistics, after the outbreak of the Internet crisis, the collapse of the U.S. stock market caused most companies in the United States to lose nearly $5 trillion in market value, and it was precisely because of that crisis that it triggered the economic recession in Europe and the United States in the early years of the 21st century. Therefore, the ruling administration of the United States at that time was eager to find a new economic growth point to support the overall economy of the United States from being affected by the domino effect. As a result, they chose the real estate industry at that time! (To be continued......)
PS:So far, a total of three updates have been released.,Brew a cup of coffee for a while.,And then take advantage of the fact that the thinking is still clear.,Continue to code another chapter in one breath.,But tonight before 0:00 will definitely not release the fourth update.,Even if the next chapter is completed before 0:00,I'll also release it after 0:00.,If you wait.,You can wait patiently!