American Fortune Life
Chapter 904: US Subprime Mortgage Global Payments
"A ghost, the ghost of Smith, haunts Europe."
A passage in the airport lobby made Andy Smith completely steal the limelight from Soros, and the terrifying specter of the financial turmoil he predicted reappeared in people's most depressing moments.
Over the past few days, the U.S. economy has been on the verge of "the rain is about to come and the building is full of wind". First, the White House threw out a package of economic stimulus packages, and the White House and Congress, which have always been at odds, prepared to join forces to rescue the market. Then, just one week before its regular decision-making meeting, the Federal Reserve unexpectedly cut interest rates sharply. Amid the credit crisis, deteriorating real estate market, sluggish retail sales, and stock market crash, the U.S. government's fiscal and monetary policy has played a certain role in soothing the market, but it has also created expectations that a "recession is coming" effect. The specter of panic haunts the markets.
When Andy's motorcade drove into the hotel designated by the Davos Forum, what he said at the airport had reached the ears of all the political leaders and business elites in the small town of Davos who were waiting for the opening of the conference.
Doubt, quarrel, panic, calm, optimism, despair. . . Gathered here for a while, now no one will directly ignore the views and judgments of this young man, Andy Smith.
At the end of 2006, this young writer, who had just climbed out of the edge of depravity and had not shown any dazzling light, expressed on his blog: "The U.S. economy will enter a recession next year, and it may be accompanied by a collapse in U.S. property prices. and the depreciation of the dollar.”
Last year, the US subprime mortgage crisis broke out and has affected the whole world so far. A prophecy.
What is even more inescapable is that along with the economic crisis, the value of this young American has skyrocketed again and again, and all investments are almost invincible. The prediction of the price of gold has made a large group of fans who believe in him earn a lot of money. Bowl full.
After the second half of 2007, many people, no, many, many people have been paying attention to Andy Smith’s Facebook updates. Facts have proved that this talented rich man has a strategic thinking and forecast far beyond ordinary people. Judgment, and superb investment vision.
Of course, more forces and countries attribute most of the credit to the think tank that Andy Smith started to form a long time ago. Now Gaia is also well-known, otherwise Alvitre would not be called Vulcan by Wall Street .
Only those close to Andy understand that their young big boss is really awesome! The strategic height is far beyond the think tank. The function of the think tank is more like Andy's question, they come to help Andy complete this question, and when they finish the question, they find that this question is the content of the next exam.
With repeated successes, Andy established his prestige and easily controlled the group of elite think tanks.
in the hotel,
Andy sat on the sofa, watched the report on TV with a smile on his face, turned his head and said to the main consultants of the think tank sitting aside: "Panic is what we like to see, after all, time is limited."
Alvetrie smiled and glanced at Li Xiaoying who was sitting on the side, and then at the big boss. Seeing that the big boss didn't make any other gestures, he said with a smile: "That's fine, after all, once this game between Wall Street and the Fed is taken If other countries find out early, our chances will be much less, and to save the market, we must let the governments of all countries save it.”
A slight look of astonishment flashed across Li Xiaoying's face, her eyes gleamed with splendor, and she looked at Andy who was smiling vaguely. The two looked at each other. Li Xiaoying didn't hold back anything, and asked directly: "What's the matter?" The financial crisis was indeed a conspiracy."
"Hehe, conspiracy is not counted. In fact, many people have already understood it. It's just that everyone is profitable, and no one speaks out. Besides, it's useless even if you talk about it. This is the general trend!
Everyone who wants to make money can only follow the trend. The subprime mortgage crisis is just a reason. The real problem lies in the twin deficits of the US economy, trade deficit and fiscal deficit. After the outbreak and deterioration of the subprime mortgage crisis, the dollar continued to grow Cut interest rates substantially to create conditions for the fundamental reduction of the "twin deficits".
This is also after the exposure of the subprime mortgage crisis, Wall Street wants to reshuffle, the Federal Reserve and Washington want to solve the problem, just follow the trend. As for the global financial turmoil, hehe, who cares! "
The sentence "who cares" made the hairs on Li Xiaoying's back twitch, and she calmed down after a slight change in her expression. What Andy said was right, let alone individuals, now any country has to deal with this crisis with all its strength, she can't It is useless to believe that the economic people of these countries cannot see through the conspiracy of the United States, but it is useless, because all countries, including the United States, know very well that it is the international currency status of the US dollar that gives the United States the privilege of getting something for nothing and the means of beggar-thy-neighbor.
"Aren't they worried that the status and credibility of the US dollar will be challenged and threatened?" Li Xiaoying's question seemed naive, but it was actually a question of many people.
"War! Start another war and shock the whole world!" Alvitre, who was speaking with a purple handkerchief and lightly wiped his glasses, had a clear voice, and said a very natural explanation in a calm tone.
Andy shrugged from Li Xiaoying who was a little stunned, put down her crossed legs, stood up from the sofa, looked at Li Xiaoying condescendingly and said with a smile: "We can't control the war, but this feast, we can eat as much as we want." Let's see what we can do!"
"This makes sense. The current one-sided theory of the dollar crisis induces foreign investors to excessively reduce their dollar holdings. Perhaps this is what the United States likes to see. It is almost equivalent to an opportunity to launder chips. This is an opportunity for the realization of the United States' plan to eliminate the fiscal deficit in 2012. It is in the interests of the United States to restore the surplus and substantially reduce the trade deficit, create the necessary financial market conditions, and work hard to stabilize the dollar. Only when the "twin deficit" is completely out of the way can the U.S. economy enter a new period of development , and then maintain the core value of the U.S. economy—capital market competitiveness, this is the national strategy of the U.S.!" After Li Xiaoying frowned slightly, she slowly stretched her eyebrows, looked at Andy's light smile, and said her own thoughts judge.
"Hehe, Al, what did I say, Emily is also a caring person!"
Little assistant Tory Black hurried over with a straight dark blue coat, helped Andy put it on, adjusted the collar, tugged at the hem, and after confirming that there were no wrinkles, Andy turned back to Al and Li Xiaoying and said, "Let's go, It's time for the opening ceremony, let's go and hear how those bigwigs solve the economic crisis!"
As a ski resort, Davos is covered with whiteness this year. At the Davos annual meeting last year, there was almost no snow here, which aroused the participants' concerns about global warming.
The performance of the global stock market since the beginning of this year reminded the participants that the US subprime mortgage crisis is expanding, and the global economy may slow down or even fall into recession.
The conference officially kicked off at 12:00 noon. Andy looked at the seven co-chairs of this annual meeting on the rostrum with a calm face, and listened to WEF Chairman Klaus Schwab explaining the conference main topic.
Issues such as global warming and poverty eradication will still be the themes of the Davos annual meeting, but the global financial market and the future role of the United States have been included in the agenda of the Davos annual meeting.
To be honest, Andy didn't think that the Davos Forum could solve any specific problems at all, and perhaps none of the thousands of people present thought that it could solve anything.
The Davos annual meeting is indeed intriguing. Why do many heads of government and business owners attend the meeting almost every year?
In Andy's view, this is mainly because "they identify themselves as part of this group." However, for these politicians and entrepreneurs who are busy with daily affairs, they will not come back empty-handed. They can not only show their image, but also make friends and learn some advanced ideas.
Although it cannot be expected that this gathering of elites from all walks of life can solve all difficult problems, the interaction process itself of "this group" is also a promotion of specific world issues and specific fields.
To put it bluntly, regardless of whether it is useful or not, it is good to see the world, and chatting with people of similar status and worth, chatting, eating, bragging, maybe you can get some inspiration or new ideas, and may even give birth to A brand new business model, even created a brand new industry. . .
Andy sounded a little boring, but Li Xiaoying beside her didn't think the role of the Davos Forum was that bad. In her opinion, the biggest role of the Davos Summit was to bring together people who needed to communicate but would not meet in person. Together, exploring issues through a continuum of debates, seminars, dinners and networking can advance the search for solutions to the greatest challenges facing the world.
But what Andy and Li Xiaoying didn't expect was that for the few female participants, she was still a beautiful Chinese woman, and more importantly, she was sitting with Andy Smith, a young and rich man who was in the limelight. Li Xiaoying, who was also chatting intimately, attracted the attention of many media, and the media in Rabbit Country frequently targeted the elegant and feminine Chinese beauty in a fashionable dress. With the news being reported in China, Li Xiaoying became popular on the Internet.
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