Vol 6 Chapter 522: Destined to be a futile expectation

Someone is indeed waiting to see Feng Yiping's joke.

Not only domestically, but also abroad.

Many people in China who are waiting to see his jokes have read Feng Yiping's report.

Regardless of China and foreign countries, there are some relatively authoritative circles in various fields of a country, such as diplomacy, military affairs, and commerce.

These circles of institutions whose names are unknown to ordinary people are not simple at all in their respective areas of expertise. Many of their opinions can affect related policies.

But since it is a circle, then xenophobia is its inevitable "sex".

Some of the remarks in Feng Yiping's report suddenly made him a barbarian in the eyes of some people.

You have done a good job in business, we admit that.

You do have some academic achievements. We also admit this.

But now you actually predict a regional conflict of "sex"?

This, I’m sorry, but we can’t agree.

This is our professional category. We know the relevant situation better than you and are more familiar with the corresponding transformation.

In the current environment, does the United States provoke a country to confront Russia?

Haha, it doesn't exist!

Because even if I am not good at economics, you know that you predict that this kind of conflict will not last for a long time. If it cannot effectively transfer the political contradictions in the United States, it may give the United States a "government". Bring more challenges.

Second, such regional "sexual" conflicts that will not last too long will not be able to boost the US economy.

The current situation of the U.S. economy cannot be solved by those military industrial companies with a few additional small orders.

Yes, Georgia has been eyeing NATO. Starting from the second quarter, the friction between Georgia and Russia has escalated. For example, the two sides shot down each other's drones.

But please, Georgia will challenge Russia with a real sword?

How much vodka is needed to make a brain-dead decision?

But beyond that, it seems that there are no other places where conflicts may occur.

Because the gunpowder barrel has always been, the Middle East, and now so many American troops are present, although the war has been going on, it is not a new conflict.

...So, hehe, I can finally watch Feng Yiping's good show!

I believe that with such a lesson, Mr. Feng, you will no longer be interested in being a cross-border barbarian.

…………

In foreign countries, people waiting to see Feng Yiping's show are mainly on Wall Street.

On Wall Street in early July, a relaxed mood was generally enveloped.

Many people who were upset because of the Bear Stearns incident in the first quarter, after spending the second quarter tremblingly, have greatly relaxed at this time.

Because the second quarter turned out to be an unexpected smooth wind without any waves.

The Federal Reserve, which directly began to act as the "milk mother" on Wall Street, has taken various measures to increase the "liquidity" of the country.

The sales volume of some bonds, such as municipal bonds, has increased substantially, and the financing and hematopoietic function of the capital market is beginning to recover.

More importantly, the rescue operation of Bear Stearns demonstrated the Fed’s “firm determination” to rescue the market, which has greatly restored investor confidence to a considerable extent.

When institutions had no money to invest or dared to invest, some people in need of investment began to withdraw their investment in treasury bonds and other fields and invest in municipal bonds, corporate bonds, and stock markets that became very cheap due to the crisis.

To a certain extent, they have replaced those institutions that used to raise funds and investments, and injected more capital and vitality into the market.

In general, the situation is at least somewhat good, both internationally and domestically.

Internationally, the prices of raw materials and primary products such as oil and agricultural products are rising, while in the United States, the financial market has rebounded to a considerable extent.

The theory of decoupling spreads everywhere. They believe that the strong growth of China and other BRIC countries will soon drive developed countries out of the trough, and subprime mortgages will soon disappear.

At this time, many people on Wall Street felt that after a period of adjustment, the music returned to normal, which of course was to continue dancing.

At this time, in their eyes, people who, like Feng Yiping, still insist that the hardest day has not yet come, will naturally become a joke.

However, for some high-level Wall Street managers, this summer is particularly anxious.

Those who remain optimistic at this time are mostly ordinary Wall Street staff. As long as they can keep their jobs and get commissions, then they feel that everything is well.

But for a big man like Schwarzman, how to prevent his company from becoming the next Bear Stearns or being sold at a shameful price like Bear Stearns is the most critical thing.

With Goldman Sachs's Lauder panicking, Schwarzman couldn't calm down at this time.

The reason why they are not calm can actually be seen by just one indicator.

Although after Bear Stearns, the financial market did show some signs of improvement in the second quarter, at the same time, the unemployment rate, the most important indicator of the US economy, began to rise significantly.

For these old Wall Street men who have been through hardships, this means only one thing. The delayed effect of the financial crisis has finally fermented in the real economy, which is beginning to decline.

And this means that a more serious crisis is brewing.

The US economy is simple to say. It is mainly driven by consumption, which accounts for 70% of the US GDP.

Investment related to real estate, although it only accounts for about 5% of GDP, looks rather inconspicuous, but it can have a significant impact on the economy.

This is a truth that many people understand, because real estate has a considerable influence on materials, decoration, consumer durables, etc., and it can be said that it plays a role in affecting the whole body.

The unemployment rate and housing prices are the key "sexual" factors that determine consumption and real estate investment.

Simply put, the unemployment rate, consumption, housing prices, and real estate investment are the relationship between all prosperity and all losses.

Before the subprime mortgage crisis, low-cost mortgages promoted housing prices, which in turn drove real estate investment, reduced unemployment, and promoted consumption. The prosperous economy further increased demand for real estate... forming a virtuous circle.

After the emergence of subprime mortgages, housing prices fell, leading to increased mortgage defaults, making mortgage applications more difficult, causing housing prices to fall further, and forming a small evil cycle between the financial market and the real estate market.

And now, the crisis has already had an impact on the real economy, and the evil "sexual" cycle of unemployment, consumption, housing prices, and real estate investment has begun.

Therefore, Feng Yiping's judgment is undoubtedly correct. The most difficult time is indeed still behind.

It is not unpredictable that Su Shimin did not expect this. In fact, he listed his company last year because of his worries in this regard.

Otherwise, why should he take out part of his company's shares, that is, bring some people together to make money?

But what he didn't expect was that the situation would turn out to be so bad.

Last year, his Blackstone not only acquired the asset-heavy Hilton, they also made another acquisition of a larger amount.

Unfortunately, the acquisition was also related to real estate.

In February last year, at the height of the real estate bubble, they acquired eop, the largest real estate company in the United States, for a record $39 billion, and officially entered commercial real estate.

Although he was very vigilant and quickly disposed of some of eop's assets within a few months, and recovered more than 70% of the investment, many of the remaining properties have now become tangible. Negative equity.

Plus their losses in mortgage securities, plus the tuft of Hilton that spent more than $20 billion on the acquisition...

Now when Su Shiming sees the total assets on the book and the net worth of the company that is becoming smaller and smaller because of the continuous deduction of various losses, it is first distressed and then a headache.

And in late June ~www.wuxiaspot.com~ due to the rapid bankruptcy of Dimei Bank and the takeover by the "government", he was shocked to think about it.

At this time, Su Shiming once again thought of Feng Yiping.

…………

Feng Yiping had already arrived in Silicon Valley at this time. Before going to Man Tingfang, he went to the nextdoor park first, and then hurried to Google in the name of meeting with Page and the others.

He saw Mayer’s old BMW in a parking lot on the roadside because of the phone call ahead of time.

"Hey," he sat in with a little excitement, and saw Mayer actually wear a corseted long skirt, "I said, at this time, can you not think about highlighting your figure?"

The next moment, Meyer leaned over and opened the door on his side, "Go down here!"

Feng Yiping: "Why do I suddenly become unwelcome everywhere?" A business tycoon who was reborn in 1992