Chapter 2191 The Tao cannot be violated
"I plan to short Baguo Real Estate."
Chen Mo wrote lightly.
That's right, Chen Mo plans to make the subprime crisis that will come in September 2008 come early!
First, let’s explain what the subprime mortgage crisis is.
The “subprime” in the subprime mortgage crisis refers to subprime mortgage loans.
The "second" here refers to a group of people with low credit and low ability to repay debts.
Specifically, subprime mortgages do not have high requirements on the borrower's credit history and repayment ability, so their loan interest rates are usually much higher than those of general mortgages.
Those who have been denied prime mortgage loans by banks due to poor credit history or weak ability to repay may choose to apply for a subprime mortgage to purchase a home.
Subprime mortgages boomed during a period of rising home prices, and even if lenders' cash flow wasn't enough to repay the loans, they could refinance the property's appreciation to fill the gap. However, when housing prices remain flat or fall, a funding gap will appear, leading to bad debts and triggering the subprime mortgage crisis.
In general, the subprime mortgage crisis was a financial crisis caused by the bankruptcy of subprime mortgage lending institutions, the forced closure of investment funds, and violent stock market fluctuations. It had a serious impact on the global financial market and the real economy.
The subprime mortgage crisis has prevented the hegemony from returning to the growth rate before 2007 for more than ten years. If the hegemony had not been strong, the country might even have gone bankrupt!
This means that even if Chen Mo does nothing, the subprime mortgage crisis at the end of this year will be enough for Hegemony and the Foundation to drink heavily.
At this time, what will happen if Chen Mo directly unites various forces and jointly shorts, so as to expand the disaster of the subprime mortgage crisis tenfold, or even a hundredfold?
In fact, the subprime crisis that ordinary people know began with the bankruptcy of Lehman Brothers at the end of 2008.
In fact, in Chen Mo's eyes, the subprime mortgage default problem was already serious in 2007.
But why did ordinary bosses think during this period of one and a half years? Why not choose to sell your real estate?
In fact, this is because the politicians and financial elites of the hegemonic country are so good at deceiving people.
Originally, in March 2007, the decline in housing prices and defaults on subprime mortgages had already begun. However, the head of the Financial Secretary of Hegemony directly patted his chest at the official hearing and said: "The subprime mortgage problem has basically been brought under control. Everyone can Take it easy on the real estate industry!
Since the founding of the People's Republic of China, our hegemonic country has never experienced a sharp drop in house prices across the country, and we will continue to grow! "
The head of the Federal Reserve also spoke publicly: "The impact of the subprime mortgage market on the entire economy and financial markets can be controlled."
Therefore, the words of hegemonic experts and politicians are all used to comfort children.
Chen Mo summarized the rules of the hegemonic financial game based on his experience as a financial practitioner in his previous life and dealing with hegemony in this life:
"Once risks arise, hegemonic capitalists will use fraudulent means to sell toxic assets to partners and customers in order to ensure that they are the first to go ashore."
The closer a crisis is, the more those so-called elites will try to trick ordinary people into taking over, so that they can get on board first.
Before they come ashore, all they have to do is maintain the price.
So can it be maintained?
Politicians and financial elites in Hegemony will definitely say with confidence: "Absolutely! Have housing prices in our Hegemony dropped in the past few decades? All those who shorted housing prices in Hegemony are in trouble!
What does a hegemonic country have? There is monetary hegemony! The whole world must use the hegemonic currency as the common transaction currency! crisis?
At worst, just print money like crazy and release money. Where is the crisis? "
Then the people of the hegemonic country really believed it, and felt that although a big rise was unlikely, a big fall was absolutely impossible. After all, decades of experience were there, so they just spent it like this without selling. own house.
Finally, this game of beating drums and passing flowers can no longer be played, and the crisis naturally comes.
When Jiang Pengyue heard this, she looked as if she had heard some ridiculous and incomprehensible fantasy:
"Being short Baguo Real Estate? Are you crazy?"
"Do you know how unbreakable the real estate in Hegemony is?"
“The financial crisis caused by the bursting of the Internet bubble in 2001 failed to bring down the housing prices in the overlord country. Instead, it bucked the trend and skyrocketed!”
"From 2004 to 2006, housing prices in Hegemony increased so much that the whole country went crazy. Real estate prices in a good year could even double or triple!"
“Although housing prices did not continue to skyrocket last year, they still increased steadily!”
"There is a saying on Wall Street that goes, 'The house of a hegemonic country is harder than a meteorite in the sky'!" "
“The most critical point is that the total market value of Baguo’s real estate in 2007 even greatly exceeded Baguo’s total GDP that year, accounting for 173%!!!
173%Do you know the concept? ! !
The real estate bubble cannot burst in the hegemonic country, and the officials of the hegemonic country will not let it burst. If it burst, it will trigger the biggest financial crisis in the history of the hegemonic country! ! ! "
Jiang Pengyue tried to use the intelligence data she controlled to dispel Chen Mo's crazy and outrageous idea.
How could Chen Mo shake a market worth tens of trillions of national currency?
That is not the market for the hegemons themselves. The top dignitaries and wealthy people from all over the world are playing in this market. How could anyone allow someone to let it collapse?
Chen Mo reached for the cigarettes in his trouser pocket, but remembered that he had already quit.
At this time, a jade hand handed a box of just opened cigarettes and an exquisite gold lighter to Chen Mo.
"Smoke it, I know you can't open your mind without this thing."
After saying that, Gong Ziyuan took out a cigarette, lit it for Chen Mo, and then gently put it in Chen Mo's mouth.
Chen Mo took a puff of cigarette and felt his whole body was shaken, and at the same time a warm current flowed through his heart.
"Third Master, do you believe what the Wall Street experts and officials say?" Chen Mo asked with a sneer while smoking a cigarette.
"I only believe in the intelligence and data I investigated." Jiang Pengyue said firmly.
"Intelligence? Data? Have you forgotten how you lost to me when we first met?"
Chen Mo shook his head and chuckled: "The intelligence and data you call are all artificially created and are not the truth."
"Let me ask you, there is a bubble in Hegemonic Real Estate, and the bubble is very big. Do you admit it?"
Jiang Pengyue nodded: "I admit it."
Chen Mo: "Okay, let me tell you, if it is a bubble, it will burst. In other words, the debt crisis is inevitable - this is determined by human nature and the debt cycle!"
"Even if it is as powerful as a hegemonic country, it is impossible to change the debt cycle!"
"You can understand this as a law, or even exaggerate to say that this is the "way of heaven" for the movement of all things! "
"The Tao cannot be violated."
