Yanei of Rebirth

Time entered September [-].

The phone on Liu Jun's desk rang suddenly.

"Hello."

"Secretary, hello, I'm Wei Ningsheng..." Wei Ningsheng's voice sounded a little urgent on the phone, and he also used honorifics to Liu Jun: "Do you have time now? I have something to say to you." report."

Liu Jun smiled and said, "Okay, please come over, let's make tea together." [

After hanging up the phone, Liu Jun turned out from behind the desk, sat down in the reception area, and slowly cleaned the tea sets on the coffee table.In fact, the tea sets were neatly arranged, Secretary Liu just messed them up.

As time went by, Liu Jun's prestige in the province was gradually established.

The large-scale cadre exchange and party school training implemented in the first half of the year achieved the expected results.In fact, so far, there have been only a dozen cadres at the director, deputy and bureau level who have been exchanged in the province, and only a dozen cadres who have gone to the Central Party School and the Provincial Party School for further training. 150 "indicators", and only about a quarter have been used.Among the cadres who were exchanged, there was only one secretary of the municipal party committee, who was still communicating in the province, and the secretary of the municipal party committee was transferred to the deputy director of the organization department of the provincial party committee.

Even so, it still puts enormous pressure on the middle-level cadres in the province.Liu Jun held the whip in one hand and the candy in the other, and kept the initiative firmly in check.Only then pinched the source.Not only the leading cadres of various cities and towns are in awe of Secretary Liu, but even the members of the executive team of the provincial party committee and provincial government are not cautious.

Who doesn't have a few confidant cadres who want to "protect"?

However, Wei Ningsheng's politeness to Liu Jun was not just because of the communication between cadres.It was Wei Ningsheng who discovered that the financial situation in the United States was following Liu Jun's "prophecy" and was moving forward step by step.This made Wei Ningsheng highly vigilant.The reason why he opposed Liu Jun's plan before and insisted that the economic transformation should be carried out safely and should not be rushed was mainly because Wei Ningsheng believed in his own judgment and believed that the financial crisis in the United States would not break out.

As early as April last year, New Century Financial Corporation, the second largest subprime mortgage company in the United States, declared bankruptcy due to the problems of subprime mortgage bonds, which led to large losses of the company.The Federal Reserve responded immediately by injecting liquidity into the financial system to increase market confidence, and the US stock market was able to continue to maintain a high level. The situation does not seem to be too bad.

It is for this reason that Wei Ningsheng feels that whether it is the bubble economy or the subprime debt crisis, they are all within the controllable range. With the strength of the US economy and the mature experience of market operations, the crisis can be dealt with in the past. It will explode on a large scale.We needn't worry too much.

Moreover, as the forefront of domestic reform and opening up, the province is adjacent to two special administrative regions, and their economic ties are very close.Once the financial crisis breaks out in the United States, the economies of the two special administrative regions will be greatly affected, and the major economic cities in Jiangkou, Baidao, and Jiangzhong provinces will also be affected.

Deep in Wei Ningsheng's heart, he was extremely unwilling to see this crisis erupt in the United States.

It's not good for everyone!

Of course, Wei Ningsheng couldn't understand Secretary Liu's desire to "expect" a crisis in the United States and even the entire European and American countries.

But now it seems that Wei Ningsheng's hopes have come to nothing, and the United States is slipping into the abyss of financial crisis at an accelerated rate.

Liu Jun knew very well the main reason why Wei Ningsheng was so anxious to see him.

About ten minutes later, Wei Ningsheng appeared in Liu Jun's office.Wei Ningsheng was surprised to find that it was not Zhou Liangchen but Liu Jun who was standing at the door of the inner office to greet him.

This is the first time.

In the past, when Wei Ningsheng came to Liu Jun's office, Liu Jun always waited in the reception area, and never waited for Wei Ningsheng to enter before turning out from behind the desk.Since Liu Jun took office, he has always maintained this respectful attitude towards Wei Ningsheng.

This time, he stood at the door to greet him.

Wei Ningsheng quickly walked a few steps, stepped forward and shook hands with Liu Jun tightly: "Secretary, hello!" [

"Hello, Governor."

Liu Jun smiled and asked Wei Ningsheng to take a seat.

Liu Jun's politeness and respect for Wei Ningsheng is not only because of Wei Ningsheng's age, nor is it just because of "unity needs".After a period of contact and understanding, Liu Jun learned that Wei Ningsheng's official voice is still very good, and he is relatively upright.He may be a little conservative in thinking, but he is prudent in his actions, which is also a good character for senior cadres.

It is too radical to lead the construction work of the country's largest economic province, and it is obviously inappropriate to engage in "big work and quick progress".

This is the main reason why Liu Jun respects Wei Ningsheng.

It doesn't matter if you have differences at work, you can seek common ground while reserving differences, and slowly run in.

Liu Jun personally made a cup of tea for Wei Ningsheng.It could be seen that Liu Jun was already making preparations as soon as Wei Ningsheng called. When Wei Ningsheng arrived, he just had a cup of hot Kung Fu tea.

Wei Ningsheng was also moved by this.

It can be seen from this that Liu Jun's respect for him is not pretended.

"Secretary, the situation is not optimistic...Lehman Brothers is going to collapse..."

Wei Ningsheng took a sip of tea and said worriedly.

Liu Jun nodded, and said calmly: "It's about time. If there is a problem with the two companies, these investment banks will be the first to be unable to withstand it."

Just last month, when my country held the No.20 Ninth Olympic Games in the capital, the stock prices of Fannie Mae and Freddie Mac began to plummet. It is below ten dollars, and there is no trend of rebounding at all, and it continues to bottom out.In just one month, the market value has evaporated by more than 90.00%.

The two companies are the source of the US subprime bond market and the main leverage company for the US government to regulate housing prices.The sharp drop in the stock prices of these two companies means that both the real estate market and the subprime bond market in the United States are out of control.

As one of the five largest investment banks on Wall Street, the stock price of Lehman Brothers also plummeted.Just a few days ago, in just one week, the stock price fell by 100% to 25%, and the market value evaporated from more than [-] billion US dollars to less than [-] billion US dollars.

Liu Jun's attitude was so calm, Wei Ningsheng was surprised.

It seems that this result has long been expected by Liu Jun.

"Secretary, tell me, will the US government take action this time?"

Wei Ningsheng pondered, and asked in a low voice, with a meaning of asking for advice.So far, Liu Jun's forecast of the US financial situation has been more accurate than Wei Ningsheng's unknowingly superstitious sentiment towards Liu Jun.

Liu Jun shook his head lightly and said, "No."

Wei Ningsheng looked at Liu Jun inquiringly, hoping that he could give an explanation.

Liu Jun handed Wei Ningsheng a cigarette, lit one himself, took two puffs, and said, "Governor, there are two reasons for this. The first reason is that the US government's financial resources are difficult to support. Bear Stearns and the two The bailout of real estate companies has already emptied the pockets of the U.S. government. The bailout of Lehman Brothers cannot be supported by three to five billion yuan. In addition, there is also a moral issue in this.”[

"Moral question?"

Wei Ningsheng asked back.

How can there be morality when the government of a country bails out its companies?

Liu Jun said slowly: "After the U.S. government rescued Bear Stearns, the Federal Reserve received a lot of criticism. One of the most representative opinions is why the government should use taxpayers' money to pay for the investment decisions of private financial institutions. What? The government’s rescue of private financial institutions may create new moral hazards, that is, to encourage financial institutions to take greater risks, anyway, the government will eventually cover the bottom line. So this time, the US government has to be more cautious.”

Wei Ningsheng listened very attentively.

"On the one hand, the subprime mortgage crisis has erupted for more than a year, and market investors have a relatively clear understanding of the reasons for the outbreak of the subprime mortgage crisis and the possible losses. Under this premise, the collapse of an investment bank will not trigger a greater panic in the financial market; at least that's what the mentality of the US market thinks now..."

At this point, a smile spread across the corner of Liu Jun's mouth, with a hint of sarcasm.

Later facts will prove that this is just a good wish, and the situation will only get worse.

"... On the other hand, the government bailout has been criticized so much, and the U.S. government also needs to clarify its position. Unless systemic risks are caused, the U.S. government will not easily use taxpayers' money to bail out private institutions. Private institutions should Take responsibility for your own decisions, which includes not only the management, but also the shareholders. Therefore, when the US government rescued the two rooms, it stated that it only protected the interests of creditors, but replaced the management of the two companies, and at the same time seriously diluted the shareholders of the two rooms. The US government intends to send a message to the public that if the investment fails, you have to bear the responsibility, which is one of the core principles of the political market.”

Wei Ningsheng nodded repeatedly, with admiration in his eyes.

Liu Jun's angle of consideration is really different. He seems to know the thoughts of American politicians like the back of his hand, and he has a deep understanding of the capitalist market economy.Perhaps this is why he was able to predict the US financial crisis so accurately.

However, Wei Ningsheng immediately became worried, frowned, and said, "Secretary, in this case, we are also in danger..."

Liu Jun raised his eyebrows slightly.

"You see, if the U.S. government is thinking this way, they may not necessarily protect the interests of other investors. The so-called protection of the interests of creditors is talking about at this stage. If the situation worsens, is it possible for them to abandon other creditors? interests, only protect the interests of domestic creditors? Besides, except for national debt, other bonds are theoretically not guaranteed by the U.S. government..."

Wei Ningsheng said worriedly.

Once cut into the specific technical level, the insight of the provincial governor is very good.

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