Vol 6 Chapter 534: deepen impression

Summers didn't know. For his new boss, what he said was the same as if he didn't say it.

It can be said that at a time when the entire campaign headquarters is filled with optimism and joy, the most calm and solemn one is Xiao Ohei himself.

For the rest of the campaign team, even if the election situation reverses later, it can only be counted as a loss in their careers at best.

But for O'Hare, this may be the closest in his life to the leader of the United States, the only superpower in the world today.

He thought to himself that if he loses this time, it will be even harder for him to have a better chance than this time.

Although he has defeated Hillary Clinton, it is not without any problems. The Democratic Party's votes are mainly paid whites and women.

And he knows that as a black candidate, working-class white people are still skeptical of him, and those women apparently supported Hillary more at first. His victory over Hillary does not mean they will switch to support him……

Therefore, he does not allow any mistakes in economic issues.

And what Summers said just now is no different from what the so-called experts said on TV. It is not only empty, but also a bit ambiguous.

At such a critical time, he most hoped to hear Feng Yiping's clear and clear judgments on some issues before.

"No problem, it is incumbent," Feng Yiping replied.

At this time, if you don’t pay attention to your good feelings, when will you have to wait?

"Thank you Feng, I know that no matter what time I can rely on you," Xiao Ohei said.

Feng Yiping said twice in his heart. Those who play politics will be so low-profile when they ask for help.

I just hope you will live in the White House in the future and still remember these words now.

"What do you want to be sure of mainly?" he asked.

"The next development of the subprime mortgage crisis," Ouhei said immediately.

"Some people say that the subprime mortgage crisis is a domino effect, but when Bear Stearns happened, we stopped it very promptly and effectively, so it also eliminated the possibility of a wider and more devastating impact. "

"Even if there will be some turmoil in the future, the risks brought by it must be controllable,"

"What is your comment on this view?"

"Haha," Feng Yiping laughed out this time, "Barack, you should know my evaluation of this view, I have repeated it again and again, and it is still behind when it is more difficult."

"I also strongly disagree that they compare this crisis to a domino effect. In my opinion," he thought for a moment, "the harm of subprime mortgages, we can make a metaphor that makes people a little uncomfortable. The emergence of E. coli is roughly equivalent to the detection of E. coli in food,"

"This is a message that can cause a strong reaction,"

"For example, if the Food and Drug Administration (FDA) now announces that they have found E. coli in bagged spinach, then the public, such as Michelle, may not buy spinach from now on, she will not even buy bagged spinach again. Lettuce, and other leafy greens in bags,"

This close-to-life example made Ouhei, who was not too clear about what was relevant, quickly understood the reason. He immediately said, “Because we are worried that the FDA has not done its due diligence, so it failed to detect Germs in other leafy greens,"

"Extremely right," Feng Yiping praised the good student. "So, such news will cause many vegetable growers to go bankrupt."

"The same is true for subprime mortgages. After the subprime mortgage problems, short-term money market lenders began to doubt other asset-backed securities, not just subprime-backed securities,"

"Lenders run on banks, thus forcing banks to sell assets for financing, which causes the prices of all asset-backed securities to plummet, which in turn causes everyone to lose confidence in similar securities..."

"And we all know how important confidence is at this time,"

Xiao O’Hai thought about the run on financial institutions from last year to this year, from the United States to Europe, and other parts of the world, and said with deep feelings, “Such a crisis can also be said to be a crisis of confidence.”

"Yes," Feng Yiping praised him again, "and the subprime mortgage crisis is somewhat like a huge popcorn machine. With the retiring of time, the corn of the popcorn machine has been heated for more than a year. Bear Stearns, but the first one to explode,"

"I can say with certainty that the investment banks on Wall Street, the more powerful commercial banks and insurance institutions in the United States...including European banks, as well as financial institutions in many countries around the world, will also explode in the future."

"At that time, the subprime mortgage crisis will not be a subprime mortgage crisis. It will evolve into a financial crisis. Then, it will not only be Wall Street, but many companies in many other industries will undoubtedly explode,"

"I understand, I understand" Xiao Ohei stood up at this time.

He was born in 1961, and the year he was born, the United States was experiencing a financial crisis. Fortunately, the Vietnam War strongly supported the economic recovery.

After he remembered, there were 4 financial crises, large and small, from 1969 to 72, 73 to 75, 79 to 82, and 89 to 93.

If you count the financial crisis from 2000 to 2003, he can have experienced 5 times so far, and he has a full understanding of this.

He immediately asked a key question, "Feng, when do you think the situation will start to deteriorate?"

At this time, he really hopes that the sooner this crisis occurs, the better. Let the lame Bush administration get a headache for a while, let them settle the overall situation first, and then do some finishing work after they take office.

He didn't want him to hit a financial crisis head on when he came to power in the future.

"If you must clarify a time..." Feng Yiping paused for a while.

Xiao Ouhei immediately asked eagerly, "Yes Feng, it's better to be clear about a time, can you?"

He is confident that through his speech, he will be recognized by most people and is regarded as the hope of the United States. He can also think about some economic issues independently, but it is obviously beyond his ability to predict such a financial crisis.

In other words, it is beyond the capabilities of his team.

"A comprehensive analysis of the situation of all parties, I think, at the latest by the end of this quarter, there is a high probability that the situation will become clear," Feng Yiping said.

At this time, he didn't hide it anymore. Anyway, when he wanted to come to Ouhei, he wouldn't ask him in detail about the specific circumstances and draw such a conclusion.

It is precisely when this is the case, it is even more necessary to leave an impression of economic issues in his mind, so that it will be more beneficial to the future.

He heard that Xiao Ohei on the opposite side seemed to be relieved ~www.wuxiaspot.com~ so he added, "The situation is clear, then the related development will naturally be very rapid."

He also understands what little Ou Hei is faintly worried about, so simply let him take a reassurance. Don't worry, the most difficult situation and the most difficult thing will be solved by the hapless Bush Jr.

In this way, after you take office, one will not be so urgent, and secondly, there is a lot more room for maneuverability.

"Feng, thank you." After understanding the economic situation that will be faced next, and also knowing the approximate time it will happen, Xiao Ouhe is really relieved.

"I hope we will have the opportunity to meet when we arrive in California,"

As the state with the most electoral votes, he will naturally come to California again to canvass votes.

"It's my pleasure, sir," Feng Yiping said with a smile.

"Feng, speaking of it, there is one more thing," Xiao Ohei said.

"You said," Feng Yiping is still very patient.

However, he looked at the sky outside the window, and said to his heart, this person has already begun to change.

If it had been before, after he had said the phrase "that was my honor", how could Xiao Ohei reply politely.

But he never returned.

On the other hand, Ouhei hesitated for a while, because the question he wanted to ask was a big one, and it didn't have much to do with the economy.

"I want to ask, what do you think about my candidate for vice president?"

"You know, your opinion is important to me,"

Haha, this time it becomes important again.