After rebirth, I don’t chase the school beauty, I chase the school beauty’s mother

Chapter 15 This guy is so talented
Although Gu Wanzhou is a businessman.

But I am usually trapped in an information cocoon.

When she heard what Li Zhiyan said, she couldn't help but feel ignorant.

At the same time, I also felt a little shocked.

This kid seems to know a lot of things.

Li Zhiyan helped Gu Wanzhou pick vegetables.

While saying: "The five major investment banks in the United States refer to private investment banks, Goldman Sachs Investment Bank, Morgan Stanley Investment Bank, Merrill Lynch Investment Bank, Lehman Brothers and Bear Stearns."

"If Aunt Gu is a little unfamiliar with investment banking."

"I think Aunt Gu should know about the HSBC Bank in Hong Kong. The interest rate they offer on deposits in China is 10 points."

"These investment banks were very popular in the United States at that time."

"Their economic sphere has extended to every aspect of the lives of ordinary Americans."

"However, under the global financial tsunami triggered by the subprime mortgage crisis."

"In less than a year, most financial institutions were unable to survive."

“Among them, Merrill Lynch Investment Bank was acquired by Bank of America in 2008.”

"Lehman Brothers has collapsed."

"Bear Stearns also ended badly, and it disappeared into history in 08."

“The only super investment banks left now are actually Goldman Sachs and Morgan Stanley.”

Li Zhiyan was somewhat impressed that he could remember these things so clearly. He thought this might be related to the fact that his memory had been greatly strengthened after he was reborn.

"Auntie understands..."

"These super investment banks are private banks. These investment banks use bank money to make various investments to make money."

“But it collapsed during the subprime mortgage crisis.”

"But does this have anything to do with rising house prices?"

The more Gu Wanzhou looked at Li Zhiyan in front of him, the more he liked him. He felt very sorry. It would have been better if this was his biological son.

What a talented and outstanding young man.

"The full name of subprime mortgage is, subprime mortgage loan."

"Second means low credit and low ability to repay debts."

"This is like our domestic credit report. People without stable jobs will be labeled as having low credit."

"It's basically impossible to get a bank loan."

He looked at Gu Wanzhou, whose eyes were full of brilliance.

Li Zhiyan continued: "Loans are a very common phenomenon in the United States because everyone likes to consume ahead of schedule."

"A very expensive thing like a house."

"It's basically through long-term loans, so to speak."

Gu Wanzhou nodded slightly and looked at the child in front of her. She felt that Li Zhiyan was like a teacher teaching her knowledge.

"However, the unemployment rate in the United States is very high, and these people with unstable income are defined as subprime credit borrowers."

"Subprime lenders for short."

"Regular banks are unwilling to lend to these people."

“Because they were afraid they wouldn’t be able to pay them back, subprime mortgages were created.”

"Because banks are unwilling to lend to these people, private banks charge high interest rates."

"Come and make loans to these people."

“The returns in the subprime mortgage market are several times higher than bank loans.”

"This is somewhat similar to HSBC."

Gu Wanzhou remembered that she had sought a loan from HSBC before.

The interest rate reaches a full 30% per year, which is basically a proper loan shark.

"Because housing prices are rising rapidly."

"So a lot of stimulus lenders in the United States are following the crowd."

“Buy a house with a loan.”

"Before 2006, real estate in the United States was in a state of continuous prosperity." "And the interest rates at that time were particularly low."

"So the subprime mortgage market is growing rapidly."

"However, the United States' stimulus mortgage market uses a combination of fixed interest rates and floating interest rates."

"The interest rate paid back in the first few years is a fixed low interest rate."

“The interest on the loan is paid back over several years based on changes in interest rates.”

"After 06, with the cooling of US real estate and the increase of floating interest rates."

"Repayment rates on subprime loans are also rising significantly."

"These subprime mortgage holders have very weak financial capabilities. Under such circumstances, large numbers of home buyers cannot afford to repay their loans."

"So we can only cut off the supply."

"After the bank repossessed the house, no one took over, which led to a vicious cycle."

"A financial crisis started in 07 and completely exploded in 08."

"The U.S. government can only print unlimited money to save the market."

"And because of the Rebton Forest system formed after World War II, the United States completely pushed the printed money to the whole world."

"Let people all over the world pay for the United States."

In fact, Li Zhiyan didn't understand either.

However, he can be considered a prophet because he can predict future trends, so whatever he says is right.

Li Zhiyan talks about the financial crisis in a nonchalant manner.

His heartbeat was inexplicably fast. How could this kid know everything? When he was telling me these things, he looked inexplicably handsome.

Talented men are indeed very attractive.

"So, under the uncontrolled money printing in the United States in 08."

"We also have a big wave of flooding here."

"After this money enters the market."

"It did not flow into other industries, but was locked into real estate."

"This is how we can ensure that prices don't skyrocket."

“Real estate is our reservoir.”

"Ensure that these additional currencies do not enter the market circulation."

Li Zhiyan didn't know much about these things, so he talked nonsense next.

Anyway, as long as the result is right.

Gu Wanzhou listened a little confused, but she was completely convinced by Li Zhiyan.

This kid can teach himself computer programming at the age of 18.

Sure enough, it’s different from ordinary people!
"So, I predict that house prices will continue to rise for many years to come."

“If you buy a house now and pay a down payment, you can make a lot of money later.”

He looked at Li Zhiyan in front of him who was still helping him pick vegetables.

Gu Wanzhou felt her heart beating faster and faster.

Hormones seem to be starting to secrete and flow.

Is this a heart-pounding feeling?

Thinking about Li Zhiyan's long speech just now, she couldn't calm down in her heart.

"My little darling, Auntie really didn't expect that you know so many things."

"What you just said makes sense. Auntie decided to buy another house."

After touching Li Zhiyan's head.

Gu Wanzhou continued to ask: "Auntie just wanted to ask you, are you willing to be my godson?"

"Auntie will love you as much as mom does from now on."

Li Zhiyan was a little helpless. How could he be reborn? Yu Sisi's biological mother wanted to be his mother.

Liu Zifeng’s biological mother also wants to be her own mother, which is amazing.

(End of this chapter)