reborn industrial empire

After being bombarded by a series of bad news in the first few months of this year, many people in the U.S. stock and futures markets have already expressed doubts about the current U.S. economy.

In particular, subordinated debt bonds, which have become extremely popular in recent years due to the faltering real estate market, and various financial instruments derived from them.

This market was so hot in the past two years that it was so hot that it is indescribable. Not only the large investment institutions and investment banks in the United States were speculating on this bond and its derivatives, but also some overseas banks and

Investment institutions are also speculating.

Although the U.S. financial market uses tens of trillions as the standard unit every year, when the subprime debt market has been hyped into a super market of 62 trillion U.S. dollars, many people have to pay attention to this market.

And feel fear.

Since the beginning of this year, some people in the financial industry have criticized this bond and the US financial market on TV, as well as regulatory agencies, as well as those damn investment institutions and large investment banks.

However, these people are generally not well-known people, and large investment banks and investment institutions, and even the U.S. government, have come out to refute the rumors and increase investors' confidence.

As a result, a series of suspicions and storms were suppressed. After all, except for those real financial giants, it is difficult for others to understand the mysteries of this circle.

But the next few months were full of bad news. First, in February, HSBC lost 1.8 billion on subprime debt, and then National Financial, the largest mortgage company in the United States, began to reduce mortgage loans, and then the new

Monetary Finance issued a profit warning for the first time in several years.

However, not many people were sensitive to such data and news at that time. After all, this was only the market performance of a few companies. The reason why they suffered losses was probably related to their own improper operations and may not have much to do with the market.

, many people thought so at the time.

Look at Goldman Sachs and Morgan, they are the bellwethers of Wall Street. As long as they don't have problems, it means Wall Street and the U.S. economy are fine.

Losses came as expected in March, and New Money Financial, the second largest subprime mortgage company in the United States, declared that it was on the verge of bankruptcy. But after April, they laid off half of their employees and began to file for bankruptcy protection.

From this time on, many sensitive people in the market have felt that something is wrong with this market.

However, in the following period, the news sources in the market were very confusing, which made many investors feel very strange and unable to judge the next trend of the U.S. economy.

First, the U.S. Real Estate Administration announced that real estate sales last month decreased by a few percent month-on-month. But another economic data released by the U.S. government showed good growth.

Many people are confused. They don't know that this good growth data is actually contributed by many arms dealers and oil businessmen, and not by real estate, the largest industry in the United States.

April has become the most serious month for many people, and even then some sensitive people have already begun to think about a way out. Because the data released by the American Housing Administration that month was that the real estate sales volume in the United States last month dropped from last year.

It’s 8.4%. This is a pretty scary figure.

After the data was released, there was a panic in the market. Many people thought that this time it might really be doomed. At that time, the power of the short side in the market increased greatly, and people everywhere were shorting the U.S. stock index futures.

But then the U.S. government came out to refute the rumors, and there were even rumors that the Federal Reserve plans to continue to implement monetary easing policies, and it is very likely that a new round of monetary easing policies will be introduced next month.

At this time, the market regained its composure, and then the bullish forces surged, forcibly suppressing the short-selling forces just now.

Then there is a series of joint actions between Goldman Sachs and Morgan. Today they sold some subordinated debt bonds there, and tomorrow they announce a cooperation with a company in the Middle East to enter the U.S. market and so on.

Some uninformed investors were left dizzy and unable to judge at all. After a series of measures, the U.S. financial market finally entered a stable stage.

And in May, because of some good news from oil and other aspects, the stock market entered a new upward cycle. The Dow Jones Index, Nasdaq Index, and S&P Index all climbed to the highest level of the year.

It has been hovering near the high level without falling. Many people believe that according to the economic trend this year, these indexes are likely to climb to a new height.

On the 22nd of last month, the U.S. stock index futures market suddenly experienced an inexplicable high correction, and the magnitude of the decline was not low. The Nasdaq index fell by 1.37% in one day, and the S&P

The index also fell by 1.29%. Only the Nasdaq index did not fall as much, but it also fell by 1.07%.

However, these did not arouse the vigilance of the market. Everyone believed that this was a natural correction of the market. After all, everyone continued to work hard, waiting for the opportunity, and then hit a new peak in one fell swoop.

But at this time, July had just entered, and everyone thought that the market power had almost gathered strength. Who would have thought that on July 10th, Standard & Poor's suddenly announced a downgrade of the subprime bond rating.

Doesn't this cost people's lives?

Originally, everyone expected to go all the way up, but who would have thought that you suddenly stabbed everyone and announced that they would just turn around and go down?

UBS, Bank of France, Deutsche Bank, ABN AMRO, Temasek, Japan's Nomura Securities and other foreign investment institutions were completely unprepared for such news and were knocked to the ground on the spot.

By the time they came to their senses, a huge atmosphere of panic had formed in the market. Considering the previously released data on U.S. real estate, sales had been declining for eight consecutive months.

Suddenly the market was full of voices that were bearish on the United States. At this time, everyone knew that things might get serious. The sub-prime debt market was so big that if the market really collapsed, no one would be able to recover.

As a result, the panic has become more and more serious, and the three most important economic indexes in the United States, including the Dow Jones Index, Nasdaq Index, and S&P Index, have plummeted.

It can't even be described as a decline, it can only be described as a plunge. In just a moment, the flood has approached the warning line, and the market has been in chaos in an instant.

In addition, today is Friday, and many people immediately remembered the famous Black Fridays in American financial history, so everyone began to short-sell. After all, losses on subprime debt bonds seemed inevitable. Of course, everyone

Hope to be able to recover some losses.

But at this time, everyone is shorting, and if you put out a short order, no one will take it. In this situation, who would dare to bet against you?

So there was a cry of mourning in the market. Some people lamented that they couldn't make money, while others were beating their own heads. Damn it, if I had known this, I shouldn't have taken those short orders a few days ago.

!

The ones I regret the most are Temasek and Nomura Securities, which took action against Thunderbird this morning. Just this morning alone, these two companies almost took a billion-dollar short order issued by Thunderbird.

, if they lose, all their hundreds of millions of gambling funds will go into Thunderbird's pocket.

At the beginning, these two companies were trying to cover their positions to delay their own losses. However, as the entire market took a sharp turn, they soon fell into a dilemma again.

If you don't cover up your position, then the previous few hundred million will be completely ruined. But if you continue to cover up your position, the market will be full of shouting and killing. No matter how much you throw in, it won't be enough to fill the hole. It is very likely that it will still be filled.

The more holes are patched, the bigger the holes will become...

But at this time, no one cared about their voices at all. Everyone was thinking about how to survive this crisis.

At this time, in a high-rise conference room of a certain building on Wall Street, almost all Wall Street elites, including top executives of the five major investment banks, representatives of the National Monetary Authority, and people from the Federal Reserve gathered here for a meeting.

The topic of the meeting is how to save this crisis. After all, everyone is a grasshopper on a rope. No one can escape because everyone has a lot of messy triangular bad debts. If the subprime debt

If this plate really collapses, everyone will be finished playing.

But the most difficult problem now is that panic has formed in the market. Anyone who wants to plug the hole is doing it with a mantis' arm, so everyone can only work together to fight this crisis.

In the end, people from the Federal Reserve took the lead and convinced several banks and other large institutions to allocate a certain amount of funds on Monday to stabilize the market. At the same time, the country would also send people to clarify in person.

Some information to prevent market panic from continuing to ferment.

Today is Friday, and the market closing time is not far away. If you want to take action today, it will be too late, and we also need to give everyone some time to prepare funds, so everyone agreed together that the time to take action will be Monday next week.

.

This group of Wall Street elites had just dispersed one by one with gloomy faces, but over there at the headquarters of Thunderbird Company, there was already a burst of joy...

"yeah!......"

Many Thunderbirds super players are in a state of ecstasy. After all, the company has made money, and they will definitely not miss their red envelopes.

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