Great Power

"2,000 US dollars per square meter? That was the price at the beginning of the year. Now the highest price is 11,000 Hong Kong dollars per square meter, which is 2200 US dollars. Fan’s boyfriend Hong Linjun complained that he didn’t listen to him. If he bought it at the beginning of the year, he would now change hands. I can earn more than 10 million U.S. dollars. With the current monthly income of 3,000 Hong Kong dollars per household on Hong Kong Island, it takes 9 years to buy a set without eating or drinking—"

Due to the pound sterling, the exchange rate between the Hong Kong dollar and the U.S. dollar remained stable at a price of 5:1, but when Yang Na updated Zheng Jianguo’s understanding of housing prices, Zheng Jianguoxin said that sister, you don’t know the housing prices 40 years later Ah, but this thought only flashed through his mind, and his attention began to drift instantly: "Then after you went to Hong Kong Island, help me find the house price information in the past. The increase is so exaggerated, I feel right? Is there a bubble?"

"Bubbles? What is a bubble?"

Yang Na’s crisp voice was filled with a touch of curiosity. Of course, Zheng Jianguo knew that this was not because Yang Na was really ignorant, but the word bubble is an extremely unfamiliar vocabulary to people in this world, so unfamiliar as to only specialize in certain fields People will know.

After all, in June 1980, the most recent bubble was half a century ago: "The real estate bubble occurred in Florida in 1926—"

The bubble is an extremely eye-catching word in Zheng Jianguo’s memory. Only the doctors in the small hospital in his previous life can remember the Japanese real estate bubble in the late 1980s (he didn’t know the stock market bubble at this time). ), and this is the reason why he is paying attention to small Japan. After all, he wants to buy and buy when he can't even get the money. That is nonsense.

And until he came to the United States, Zheng Jianguo knew that as early as the 1920s, Florida, located at the southeastern tip of the United States, close to Cuba, was represented by a piece of land on Palm Beach in Miami, the resort town of Miami, and its land price began in 1923. The annual US$800,000 increased to US$1.5 million in 1924, and then US$4 million in 1925.

what?

You ask how much this land was in 1926?

The answer is that no one wants it.

According to common sense, since Palm Beach is a beach, it will inevitably encounter typhoons and hurricanes. This is a negative effect brought by geographical advantages. After all, you can’t enjoy the sunny beach bikini without facing strong winds. The downpour.

This is impossible.

So in late 1926, a hurricane with a speed of 200 kilometers per hour came, and the resulting tsunami swept across Palm Beach and then across Florida.

When Zheng Jianguo saw this information, the hurricane in his mind read a poem: I waved my sleeves and didn’t take away a cloud. I only took away 13,000 houses and 415 lives. Then I thought about it and took away. Many entrepreneurs and bankers have gone.

The hurricane’s destructive force was so powerful that it flattened 13,000 houses in two cities in Florida and directly killed 415 people, not to mention. Later, it even allowed those entrepreneurs and bankers who survived the hurricane to rely on roofs and rooftops to survive. It didn't take long for them to end their lives from the roof or the rooftop, which saved them when the hurricane came.

If the house is gone, the mortgage must be repaid!

Can't you say that the quality of the things you bought is not good, and the houses fell without seeing other houses?That means the quality of your house is the same as other houses that have been blown down. Since it is not the quality of the house, it is impossible to stop repayment of the mortgage!

The house is gone, and the mortgage has to be repaid!

If ordinary people face this problem, they may still be struggling to live with the help of their relatives and friends. After all, apart from those who extinct themselves from their relatives and friends in life, the greatest function of the bond of family affection is to let people feel in adversity. The warmth in the blood.

Of course, this is for ordinary people.

As a well-known holiday resort in the United States, those who can buy a house in Palm Beach, apart from relatively few locals, are rich people from all over the United States.

When these people are dressed in glamorous clothes with blond young girls, facing a luxury car that can drive tens of thousands of dollars only for a tenth of the cost, they will feel that they are losing money if they don’t buy it. Still lost tens of thousands of dollars.

Facing a luxury car, you will feel a loss. If you replace a luxury car with a house, only people who have no money can sit and live. What's more, when the house is still growing at a speed that is visible to the naked eye, Smart entrepreneurs and bankers can't sit still.

So in just three years from 1923 to 1926, land prices in Florida seemed to be on a rocket. Housing prices increased by more than double each year, and it was common for a house to rise four times in a year.

When real estate speculation was at its peak, the Miami area, where 25,000 out of 75,000 people were engaged in the real estate industry, had housing prices in the central area increased by 5 to 6 times in 3 years, so it was facing such a huge income from all over the United States. The wealthy people rushed into Miami.

It’s just that the rich can use the money in their hands as leverage to speculate. Those who don’t have money can not only look at them, but there are also empty-glove white wolves who will be self-reliant. For example, the immigrant Pontz from Italy relies on stories and old money The new money approach became one of the players.

You can get 10,000 for a $100,000 house, and it will rise to 200,000 in one year. After selling it, you can get 90,000 capital and 40,000 interest, and you can earn 60,000 yuan. You don’t like a 600% yield. ?Even if you don't repay the mortgage and only repay the interest of 30,000, you should continue to buy a house with 170,000 left?So I went to buy other people’s houses with drums and flowers.

Before Zheng Jianguo saw this related report, he did not expect the house to be blown away by the hurricane. After all, it was difficult for Qi Province in his previous life to see a typhoon. Even if he saw it, he would rarely hear that a house was given away. It was blown down, until I came to America in this life, did I know that the houses here are all wooden houses.

The game of spreading flowers by drumming requires flowers to be passed on. The 13,000 houses that have been flattened by the hurricane represent the disappearance of 13,000 flowers.

If the person above continues to buy a house, the 170,000 yuan he earns can pay for the down payment of 8 houses worth 200,000 and there is a balance, that is, a loan of 180,000 US dollars per house, and according to one third To calculate the loan interest rate, the interest of 1.44 million for these 8 houses is 432,000.

If the hurricane does not come, then this person will be able to sell 8 houses for 400,000 yuan in the second year, and will pay off the interest of 432,000 after getting 3.2 million. If this person feels that he has made enough, then pay it back. The 1.44 million loan amounted to 132.8 times the US$10,000 in two years.

But if the hurricane blows away the house, then he will have to face the pressure of repaying the loan of 1.44 million principal and 432,000 interest, which is an astronomical figure of 1.872 million, which is only the number to be repaid in the second year.

According to Zheng Jianguo's understanding of the American bank loan agreement, the interest in the third year is not one-third of 1.44 million, but one-third of 1.872 million, and there is also a part of default interest. %, a simple calculation would be more than 2.62 million in the third year.

The consequence is that this person is released on the roof or on the roof. Then the bank has no house as collateral, which is equivalent to ruining the account of 1.44 million principal and 432,000 interest, and this is the money of other depositors. As well as the interest to be paid, the bank just made an interest difference, and the result was unimaginable bad debts.

If it's a bad debt from a bank, it's just a pain in the bank's risk control mechanism, but there are 13,000 bad debts in the entire Miami area, so it's easier to go to the balcony or the roof.

Even if some banks are well-capitalized, under the pessimistic market situation after the entire house was washed by the hurricane, after all, the wooden house facing the impact of the hurricane can not be solved by painting all over the paint, and the price of the property will collapse. Caused by this.

And when the first piece of dominoes began to fall, the chain reaction could no longer be stopped. Because of this hurricane, the real estate transactions in the Miami area collapsed sharply, so that from 1.07 billion in 1925 The dollar shrank to 140 million in 1926.

To know that 20 years later, in 1945, the United States completed the Manhattan Project of the nuclear bomb, but it only cost 2 billion US dollars from start to finish. You can imagine how terrifying and far-reaching a financial shock of this scale would have.

Although the United States finally chose to control the impact, the shock caused by the bubble was too far-reaching. It eventually detonated the collapse of Wall Street in 1929 three years later, which led to the worldwide Great Depression in the 1930s.

However, when Zheng Jianguo and Yang Na explained the incident, she was silent and she said again: "I heard from Sister Fan that the housing prices in the first two years were not so exaggerated. It seems that it was when you discovered Helicobacter pylori. The house price is only 4,500 Hong Kong dollars, and it has more than doubled in just two years. Is it really the bubble you said?"

"I found Helicobacter pylori. It was May 1978. Oh, it should be October when you knew it. It's May 1980. It's more than a year and a half—"

Confirming that the real estate prices on Hong Kong Island have risen in the past two years, Zheng Jianguo suddenly flashed a few pieces of information in his mind. The news of the real estate bubble on Hong Kong Island was confirmed again, but he could not think of the specific time when: "This matter is yours. Go to Sister Fan to confirm and see if there are any opportunities to make money—"

"How can you make money with such a high house price? Don't you want to make money by selling low and selling high?"

Yang Na asked subconsciously, but Zheng Jianguo knew that this cheap girlfriend didn't care about things in the mall, so she said: "Explain to you then, you remember to ask me then--"

"Okay then, remember that I missed you, then hang up."

There was a lazy voice, Zheng Jianguo did not expect to hear her delicate voice, but when she thought of her dealing with Yang Yuanming during this time, he felt that this father-in-law was not a fuel-efficient lamp.

Fortunately, I remembered that if Hong Kong Island’s real estate was really in a bubble, then even if Zheng Jianguo’s money had a place to go, he just picked up the phone and remembered that someone was staring on this line, so he put it down again and rubbed his hands: That's not a problem. It seems that we have to order a communications satellite for the TV station-we are also rich now."

"Ring Ling Ling--"

The phone that Zheng Jianguo glared at suddenly rang. After he was taken aback, he picked it up, and heard Catherine's voice coming over: "Boss, here-Bertha wants to speed up the research progress, she gave it to the biological company. I called and asked the other party to send test animals to the laboratory from today. Now the first batch of 10 rabbits, 10 monkeys, and 10 dogs is unloading."

"Well, she wants to approve the data before production, or simply get the results."

With a slight sigh, Zheng Jianguo instantly wanted to understand what Bertha was doing, but considering that it might be that Catherine suddenly appeared in the Unknown Virus Laboratory and became her deputy, which gave Bertha a sense of crisis. indefinite.

After all, the superior suddenly arranged a deputy for himself. From Zheng Jianguo's view, he knew that this would not be a good thing: "You told her that I arranged your past purpose?"

"Say, she said that since I'm here, I can proceed separately. She is responsible for the clinical trial and I am responsible for continuing the analysis--"

Catherine’s tone couldn’t hear emotions. Zheng Jianguo was already familiar with her tone. He immediately laughed: “She’s afraid that she’s taking care of you. After all, animal clinical trials, um, have all kinds of scenes and tastes. some--"

"Isn't it just excrement and secretions? I haven't done rectal examinations too often--"

Catherine’s indifferent voice came, and Zheng Jianguo was choked with no light or no seriousness. Thinking of the rectal examination that was similar to ** at this moment, he threw this picture out of his mind and said, "You are there. In the past, pay attention to the implementation of the test requirements, and said to Bertha, tell me when the test results, and send me a paging text message if the call fails."

"You seem to have confidence in clinical trials?"

Catherine seemed to hear something, and Zheng Jianguo's ease disappeared: "I don't know if you are testing me. All I want to say is that air transmission and conventional contact transmission have been excluded. The experiment that Sha is doing recently is water and food transmission. From her failure to report to me, this virus should not be water and food transmission, so what are the remaining ways of transmission?"

"It can only be transmitted by body fluids and blood, and by arthropods—"

Catherine did not differ from the preaching in Zheng Jianguo's words. She still maintained the previous emphasis. Zheng Jianguo also said: "What I said before, body fluids should also be the scope of water transmission. In addition, according to what I have According to the data, the unknown virus cannot survive in water-based body fluids, so only blood transmission is left by the exclusion method.

And this method has not been tested and verified. Considering that this virus lives in the blood, this kind of transmission method that has not been verified in the end, I think it is the most likely method of transmission. What do you think? "