The next morning, they were still eating buffet breakfast at the hotel, and the phone rang between Li Kai and Zhang Jie, and the people of their family had already arrived at the hotel lobby to contact them about accounts and funds.

Li Kai and Zhang Jie hurriedly finished breakfast and came to the hotel lobby, and Ye Zifeng also followed.

When the two middle-aged Chinese in the hotel lobby saw Li Kai and Zhang Jie, they quickly stood up, and then they looked deeply at Ye Zifeng behind Li Kai and Zhang Jie.

When they saw Ye Zifeng so young, deep shock flashed in their eyes.

These two people are the representatives of the Li family and the Zhang family in the United States, and they are the core members of the family management, and the family leaders have informed them of this matter, and they know the ins and outs of the whole thing, but they didn't expect that the initiator of this matter would be such a young person.

Although they have heard of some of the deeds of this young man, but this is Wall Street, far from the mainland or Xiangjiang can be compared, this is the real financial capital, is the sea and the ocean, under the seemingly calm ocean, but the undercurrent is turbulent, I don't know how many big sharks and whales are hidden, they move the waves, a wave will choke many people to death.

If you want to swim, this is not a good place to swim.

Ye Zifeng turned a blind eye to their surprised gaze.

They didn't say much, they each handed a document bag to Li Kai and Zhang Jie, and left in a hurry, they knew that there were some things that they could not mix, and the less they knew, the better.

Before they left, they glanced at Ye Zifeng deeply.

After they left, Li Kai and Zhang Jie walked to Ye Zifeng's side, and one of them handed over the document bag beside him to Ye Zifeng.

"Give, the account and the first funds are all in it!"

"You're so fast!" Ye Zifeng took the file bag and looked at the information inside.

"Of course, time comes with money!" Li Kai said triumphantly.

"We are global funds, and they will arrive instantly!" Zhang Jie also said.

"Now that you're ready, you need an operation room, you won't want me to place an order in the hotel, right?" Ye Zifeng looked at Li Kai and Zhang Jie.

"Did you say it earlier? An operator's room is not a matter of minutes! Li Kai and Zhang Jie complained at the same time.

"Is there one near Wall Street?"

"Don't talk about the neighborhood of Wall Street, it's all on Wall Street!"

"Then there's Wall Street!" Ye Zifeng said lightly.

When Li Kai and Zhang Jie saw Ye Zifeng like this, they couldn't wait to throw him to the Atlantic Ocean to feed the fish.

In the end, the Likai family prepared a studio for them on Wall Street, which was fully equipped and they could operate it as soon as they went.

Li Kai and Zhang Jie watched Ye Zifeng tidy up the studio in an orderly manner, and then, beckoning Li Kai and Zhang Jie to tea, he seemed to be the master here.

"You're so anxious to get our accounts and funds ready, and now you're drinking tea here?" Seeing that Ye Zifeng didn't make any moves, Li Kai said angrily.

"Yes! Isn't this teasing you? Zhang Jie also said.

Hearing them say this, Ye Zifeng understood their thoughts. They urged Ye Zifeng to make a move, just to see Ye Zifeng's investment strategy on Wall Street.

Ye Zifeng glanced at them and said slowly: "The stock market of the United States has experienced a bull market for more than ten years, the Dow Jones index has risen to more than 13,000 points, the risks are gathering, and there is a certain bubble, but the biggest economic bubble in the United States is not in the stock market, do you know?" ”

“……”

Li Kai and Zhang Jie shook their heads in confusion.

In their view, the United States is the representative of the Western market economy, and the stock market is the eye of the economy, and the bubble will of course appear in the stock market first. Now Ye Zifeng said that the biggest economic bubble in the United States is not in the stock market, so where is it?

"Subprime mortgage!"

Ye Zifeng said two words concisely.

When they heard Ye Zifeng say the word subprime mortgage, Li Kai and Zhang Jie suddenly realized. It turns out that the root cause of the economic bubble in the United States lies in the subprime mortgage.

They have all heard of subprime loans, which are subprime loans.

The formation of subprime mortgages in real estate in the United States originated from the real estate bubble. In the beginning, financial institutions gave loans to people with high credit ratings to buy houses, but later, as there were fewer and fewer high-quality customers with high credit ratings, these financial institutions lent their homes to those with low credit ratings, and these people had limited ability to repay the loans, so that these mortgages were at risk of default.

This risk is masked when house prices rise. When the economy is sluggish and house prices fall, the risk of default explodes.

Of course, these subprime financial institutions are aware of this risk, and in order to transfer this risk, they have concentrated and packaged the subprime mortgages into a kind of mortgage subprime securities (i.e., MBS), and these savvy financial institutions sell such subprime securities to investment banks or investors in the market.

In order to give investors confidence in this subordinated bond, these investment banks have designed a new product to guarantee it, known as a credit default swap.

In this way, subprime mortgage risk is packaged by Wall Street's elites and then transferred to investors.

Freddie Mac and Fannie Mae are the two largest subprime mortgage companies.

Li Kai and Zhang Jie both understood that Ye Zifeng was waiting for the full outbreak of the subprime mortgage crisis, and then went on a short spree on stock index futures, ready to harvest leeks.

Seeing that they finally understood what they meant, Ye Zifeng continued: "Last year, New Century Financial Company, a subprime mortgage company in the United States, declared bankruptcy due to large-scale subprime mortgage violations. However, due to the injection of liquidity by the US government, the Dow Jones index fluctuated at a high level of more than 13,000 points. But this does not hide the existence of risk, and the subprime mortgage risk can explode at any time! ”

"The New Century Finance Company went bankrupt, and now the two largest mortgage companies in the United States are Freddie Mac and Fannie Mae, did you decide to make a move when you saw the CEOs of these two companies at the reception?"

Li Kai stared at Ye Zifeng, not letting go of his slightest expression.

"And the bead?" Zhang Jie always faintly felt that the bead was not simple.

Ye Zifeng looked at Li Kai and Zhang Jie, and did not answer their words, of course he would not tell them that he had been paying attention to the subprime mortgage bubble in the United States before, but he could not determine the time when the bubble burst, but yesterday after seeing Franklin, CEO of Fannie Mae, Lelante, CEO of Freddie Mac, and especially Franklin, CEO of Fannie Mae, took pictures of the evil pearl, he knew that the subprime mortgage bubble in Mi was about to burst.

The three elements of market judgment are trend, price, and time. And the timing point is the most difficult to grasp and control.

Previously, Ye Zifeng thought that there was a bubble in the economy of the United States, especially the subprime mortgage, but Ye Zifeng could not assess how long the bubble could last, but now, Ye Zifeng felt that the bursting of the subprime mortgage bubble in the United States was just around the corner, and there was only a straw missing.

And who is this straw? It was Franklin, CEO of Fannie Mae.

Ye Zifeng did not answer them directly, but said: "We can gradually short in the stock index futures market, wait for the change of the news side, if nothing else, there will be news in the next few days!" ”

Ye Zifeng's expression was firm, so that Li Kai and Zhang Jie would be convinced.

"Fannie Mae? Or Freddie Mac? Li Kai asked suspiciously.

In his opinion, since Ye Zifeng mentioned subprime mortgages, and Fannie Mae and Freddie Mac are the two largest real estate subprime mortgage companies in the United States, and Fannie Mae CEO Franklin had a car accident after taking pictures of the evil pearl, if they hadn't sacrificed their lives to save him, it is estimated that he would have gone to see God a long time ago.

Now Ye Zifeng wants to short the Dow Jones index on stock index futures, so only Fannie Mae and Freddie Mac have problems that may detonate real estate subprime mortgages.

Ye Zifeng walked to the window, looked at the glittering Wall Street cow outside the window, and said slowly: "When the tide recedes, you will know who is swimming naked!" If you come out to mix, you always have to pay it back! ”

Ye Zifeng's two sentences, one white and one black, are irrelevant to each other, but when they are connected, they give people a sense of wind and rain. (Thanks to reader 17K book friend 5dr5phb4 for his tip, I took the time to write a chapter!) Sorry for! ）