Extraordinary Genius

The US Home Mortgage Investment Corporation filed for bankruptcy protection, another large US mortgage lending institution on the verge of bankruptcy following the New Century Finance Corporation.

Shortly thereafter, Bellstein, the fifth largest U.S. investment bank, announced the collapse of two major fund companies.

Then in Europe, banks such as Germany, France or investment agencies announced the freezing of funds involved in investing in the US mortgage market, and in Asia, banks in island countries and South Korea announced losses in the US market.

This has not caused much panic outside the US, as bank losses on the Asian and European sides are still affordable and do not necessarily affect the subject.

But not on the US side, and none of the major investment banks have suffered a huge loss, not even from companies like Wal-Mart.

Wal-Mart, as the world's number one retail giant, deals hugely every day, and there's a lot of cash on hand, and this money, it certainly can't be kept in the books and invested, which is the most correct way to do business.

So below Wal-Mart, there are also credit companies, and this leads to huge losses for Wal-Mart credit companies.

At that time, the US was clearly no longer able to sustain itself, and the Federal Reserve Bank began to inject more than $20 billion into the bank to save the city.

Unfortunately, more than $20 billion is not helping.

Europe prepared 150 billion euros to save the market, and the island countries prepared trillions of yen to save the market, but surprisingly, Huaxia, also a major US creditor, was silent on this.

These bailouts have stimulated financial markets. Many people say that the US financial markets are going to collapse and will reach the world's major financial markets, and Europe and Asia will not escape.

Over the past two days, the stock market and the major futures markets, such as gold and crude oil, have all fallen.

Just a few days ago, we broke through $80 in crude oil, and this time it dropped below $80. Fortunately, Feng Yu and they have rehedged.

Not to mention, Feng Yu, who had bought these contracts for more than fifty dollars, has now fallen a little, but they have only lost a little profit and still have high profits.

Dow Jones had risen to an index of more than 14,000 points and jumped for two consecutive days, falling by more than three percent.

Inevitably, the stock index on the European, island countries and Xiangjiang sides has fallen, even Huaxia's stock index has fallen a bit.

The US affects the world's economy, which is not really a blow job. The US has issued a large number of government bonds, especially during Xiaobu X's political axe, and they will wage war to teach Afghanistan in the name of anti-terror, making many countries in Europe and Asia their creditors.

The faster the economy grows, the more government bonds are bought. Countries with excessively high foreign exchange reserves, such as Huaxia and island countries, possess more astronomical US Treasury bonds.

At this time, why did the US not launch too large a bailout programme, and the US Reserve Bank put out less than a sixth of the bailout money on the European side.

Because there is another great trick in the US: bankruptcy of the political axe. Those bonds, they don't know when they'll be realized. Of course, if the political axe goes bankrupt, the loss to the US is huge, and no president dares to make such a decision easily.

And US Treasury bonds are huge, but 60 percent, yes. In other words, it is the investment agencies and nationals of the United States that buy more US Treasury bonds.

The US is only a threat to creditors in Europe and Asia. Please help me, or I will go bankrupt and your previous investments will probably drift.

Of course, they threatened Warsaw. Unfortunately, Huaxia has ignored it at all. If you really dare to go bankrupt, I will admit that the treasury bonds become scrap paper, and see who loses a lot.

The more economically developed, the greater the bankruptcy losses. Just like when Huaxia was poor and white, we all backed away together, but you must have backed away more than I did.

Although they hurt each other, I broke a finger. You broke a wrist. Who's worse?

Huaxia's political axe also shows that this subprime loan crisis in the United States is about to turn into a subprime loan storm, which will inevitably cause a serious economic crisis. I have money, of course, to stabilize the domestic economic situation, regardless of your foreign life.

The economic conditions on the European side are good, the debt is much higher than ours, and they are certainly more nervous than ours. This life-saving thing is good enough for someone who can. We didn't take the opportunity to drop the rock. It's good enough.

Look, there's something wrong with your financial markets, and we've been affected, too.

Huaxia's stock market, which is also falling at this time, is far less fierce than it was in previous life, because it has already hit a round before, bringing many investments back to reason.

Many of the stocks that rose very ferociously in the previous life, many were fired up. After this life was dealt with harshly, the stock market had long gone back to its highest heat, and now it is just over 4,000, nearly a third less than in the previous life.

So while the Huaxia stock market has been affected, the decline has not been so great, and Huaxia still has a lot of money to use to stabilize the market.

The same is true of the Xiangjiang side, which, although not negligible, is much better than in previous life. Two months earlier, Fu Rongqi predicted that the stock market would fall, so he sold a lot of stocks.

At that time, Buffett and other well-known investors also sold a lot of shares in the Xiangjiang market, but at that time, Xiangjiang's stock market had not grown much.

At that time, the Asia-Pacific Central Bank also announced that it was investing in the banking system, primarily to relieve the economic pressures on banks in these countries in South-East Asia.

However, Huaxia Bank was not affected at all. At the request of the above, they sold the collateral bonds for the subprime loans. Although the profits were relatively low in the second half of last year and the first half of this year, this subprime mortgage storm has had the least impact on them.

Even the US Treasury bonds purchased by these banks were sold quietly, so Huaxia is holding far fewer US Treasury bonds than it was in previous life.

The impact of this crisis in the United States on Huaxia, at least, has been much reduced.

The world has suffered enormous losses as a result of the subprime mortgage storm in the United States, which many experts predicted could affect overall economic development, and perhaps the global economy will be devastated this year.

At this time, global central banks have injected more than $400 billion into saving markets as a result of the subprime mortgage crisis, and that figure is still on the rise.

When they got to the hole, they realized it was so big and big.

Feng Yu watched the news on the internet, the corner of his mouth snapped upwards, the subprime loan storm came, and the futures market profits were on the way!