American Fortune Life

At 7 a.m. on October 1, 2007, then U.S. Treasury Secretary Hank Paulson couldn't wait to drive to the Federal Reserve. He missed his weekly breakfast meeting with Federal Reserve Chairman Ben Bernanke because of a business trip last week, and it was a tough time for the subprime mortgage crisis, which made him uneasy.

On this day, UBS suddenly published a report saying that due to the impact of the US subprime mortgage market crisis, the bank lost more than 4 billion Swiss francs, or about 3 billion US dollars.

Before Paulson arrived, Bernanke received an e-mail sent to him by the Federal Reserve staff, and had a preliminary understanding of the latest market developments. With the European trading day drawing to a close and U.S. markets not yet underway due to jet lag, Bernanke knew it was going to be a bad day.

I thought that entering October would have a good start. After all, the market returned to calm in the previous month, and house prices also rebounded slightly. The financial crisis seems to have passed. In the second and third quarters of 2007, the growth rate of the US economic output The unemployment rate has also remained low at close to 4%.

Therefore, Bernanke also made a conclusion to the media, "The impact of the subprime mortgage market on the broader economy and financial markets seems to be under control."

When Paulson and Bernanke sat facing each other in the restaurant, Bernanke looked at the latest financial page of the "Wall Street Journal" and couldn't help but smiled wryly: "This Andy Smith is really..."

Paulson also shook his head and smiled wryly. He also understood the embarrassment of his old friend Bernanke. After all, he had just come to a conclusion in the face of the interview. The next day, the media took out the words of Andy Smith, the most prominent financial prodigy The face is really a bit hurt.

"In fact, Bernanke was wrong in his judgment. This is just a brief calm before the storm." - Quoted from Andy Smith Facebook

"Every time I read this report about Andy Smith, I feel really old. Look, there are beauties everywhere I go. The Italian goddess took her children to visit Paris with him. He is really an enviable kid." Paulson didn't want to embarrass his friend too much, he flipped through the entertainment page and said in a joking tone.

Bernanke just smiled slightly at the off topic. Well, most men are envious of that young and wealthy boy. After all, Americans are really interested in Andy Smith's gossip. My friend, there are always beauties around me, and they are of all ages, but what makes people jealous is that they are all goddess-level. Many people are not without malicious guesses, and Andy Smith has good teeth.

Especially this senior beauty like Monica Bellucci who is in Paris now, ahem, if the two really have an affair, then this is a proper Oedipus complex!

"Honestly, I don't mind his rebuttal, but I really hope I'm right,

If his judgment is correct, the subprime mortgage crisis will turn into a financial turmoil, when the US economy will bear the brunt, Wall Street. . . "

Bernanke didn't finish what he said, but Paulson, as the Treasury Secretary, naturally understood, and his face turned gloomy. Thinking of Andy Smith's invincibility in the financial market for more than a year and his current net worth, he But really never made a mistake.

The two raised their heads to look at each other at the same time, and they both saw worry in each other's eyes. After a brief silence, Paulson spoke first: "We can't ignore what he said, just like what he asked his subordinate media to report before the crisis began. In general, it is necessary to prepare early and not turn a blind eye to various risks like market participants and regulators!"

Bernanke nodded with a wry smile, and said: "Who can ignore the words of this young man now, look at the gold, really... According to my understanding, he bought 4 billion US dollars of gold at the Bank of America, 174 tons, each It’s $648 an ounce, look at it now, it’s risen to $750 an ounce, earning $600 million in three months! It’s so easy for this young man to make money.”

"When a crisis comes, the most important thing is to see how investors' mentality changes. When the stock market plummets, risk aversion is very high. At this time, gold, which has monetary attributes, enters an upward channel. It is only because the market believes that the US Federal Reserve The possibility of the Committee cutting interest rates again increased, the depreciation of the US dollar, and although crude oil futures rose and fell, they remained at a high level of US$81 per barrel, both of which contributed to the sharp rise in the price of precious metals.”

Paulson took the breakfast delivered by the emissary, unfolded the napkin, took a sip from the goblet filled with water, and said while cutting the food with a knife and fork in his hand.

"Even if the market has concerns about inflation triggered by the zero interest rate loose monetary policy, this winter, the Federal Reserve will cut interest rates frequently to release the pressure of the financial crisis. What I am most worried about now is whether it will have a counterproductive effect. After all, under panic, Anything can happen."

Bernanke's brows have been wrinkled into plain words, and he expressed his plans and worries. This is not because he is aimless. There are already too many such examples. Just collapse, and can only continue the vicious circle of adding firewood to put out the fire until it survives.

The fact is also the same. After the winter passed, interest rates were cut frequently, but house prices fell unexpectedly, causing more losses in mortgage securities, financial stocks slumped, and the subprime mortgage crisis turned into a financial crisis, entering the peak of the financial crisis. Rush hour.

"Panic..." Paulson also frowned tightly, muttering in his mouth, his brain was spinning rapidly, market panic is often the biggest enemy of a market rescue, and the main problem is the problem of people's hearts. Thinking of this, his eyes lit up, Looking at Bernanke, he said, "If one Warren Buffett is not enough, then let's build another Andy Smith. When the two stand up, it may play a key role in stability."

Bernanke stared intently, but soon shook his head in disappointment, and said: "Buffett can mobilize a lot of funds, but those funds are not his own, and Andy Smith's funds are completely personal. It's still his age, do you think he will take wealth lightly at this age?"

"It's nothing more than profit, and Buffett will not sell in vain. As long as it comes to a critical moment, he is also included in the plan and the interests are put in front of him. I think this greedy young man will not give up the opportunity. If he wants it, then Will listen to our arrangement!" Paulson narrowed his eyes slightly, and slightly raised the corners of his mouth.

"His appetite is not too small. Looking at the previous foot basin, France, especially the bank run in the UK, this Andy Smith has never been soft... Well, it’s good to be a backup plan, after all, I don’t know yet To what extent things will develop, let the mainstream media increase his image promotion."

Bernanke was talking, and finally shook his head and smiled at Paulson. After all, Warren Buffett is too old, and the United States needs a new idol.

And Andy, who was in Paris, was shopping around a toy store with a beautiful baby in his arms, but he didn't know that many people in the United States were thinking about him.

"This? Wow, little Deva, you have really good eyesight!" Andy stood in front of a two-meter-tall giant teddy bear holding the three-year-old little beauty Deva who was still eating her fingers.

Little Deva looked at the big bear and giggled, stretched out his little finger to grab it, "Bear, yes."

Wearing a black suit, Monica stands behind with a faint smile on her face. She doesn't care about the paparazzi who are taking pictures on the glass at the door. The waistline of the suit jacket is deliberately shrunk to make her look softer, The proportion of Fengni's figure is better highlighted.

Seeing the doting of the big boy who can make her die for her daughter, she is still very happy in her heart. In the past two days, the baby room of her Paris residence has been filled with toys swept away by Andy.

It seems that Deva likes him very much too, well, after all, an uncle who can meet all her requirements can easily please any child.

Deva lay on the teddy bear's tui and smiled happily, muttering raging Italian words. Looking at the two-meter-tall teddy bear, Monica couldn't help but twitched her lips, and she heard Andy's voice, "Do you have a new one? Well, send one to this address..."

"Andy, Deva's room is already filled with toys..." Monica walked forward slowly and said softly.

"Then you should expand the room for Deva, shouldn't you? Deva." Andy, who was squatting and playing with Deva, looked up at Monica and said indifferently.