Age of Dreams

Before he knew it, the ringing of the phone broke Xiao Qi's leisure time.

"Hey, father, it's 11 o'clock in the evening in Hua Guo? My mother hasn't urged you to sleep yet?" Xiao Qi smiled and said to the phone.

"I'm still in the capital." Xiao Xu's voice revealed exhaustion. "Since the subprime debt crisis broke out in the United States on April 2, Director Niu has taken me to the capital. I have been discussing with experts and scholars for these two days. How do we deal with this subprime mortgage crisis?"

After the reform and opening up, countless experts and scholars in China have gradually become spokespersons for various interest groups. This is a well-known secret.

But there are also many real people who are doing their best to **** the country.

Just as you can't believe that the sun will rise again tomorrow because of the darkness of the night, there is always a group of fools in the eyes of others who silently dedicate their light and heat.

Those who participated in the discussion with Xiao Xu were such experts and scholars.

However, it is a pity that most of these experts and scholars are gray-haired old people. Although a red heart has not changed, it has already fallen behind the times and cannot grasp this rapidly changing situation.

Therefore, they can only constantly let emerging experts and scholars come over to assist them in doing research together.

Xiao Xu has long been in their sight. He has also come to the capital to discuss with them several times because of the devaluation of the renminbi and the kidnapping of the local economy by real estate.

After Niu Ruzheng's proposal, the "new version of the pre-sale system for houses" was implemented with their support. I don't know how many interest groups have been offended.

Although the subprime mortgage crisis is in the United States, China is the country with the most U.S. Treasury bonds in the world. It is also the country with the most dollar reserves in the world. With these two mountains, it is impossible for China to stand on the shore and watch the theater easily.

China’s foreign exchange reserves and the purchase of U.S. Treasury bonds have been accumulated bit by bit in the 30 years since the reform and opening up. It is an extremely embarrassing thing to lose in anyone's hands.

Xiao Xu, as an early warning financial expert with "strategic foresight", was summoned as soon as the subprime mortgage crisis occurred, and everyone wanted the fastest way to discuss a solution.

However, Xiao Qi could only sigh with regret, because there were not many roads for China to take.

As long as the US dollar is still the settlement currency of world financial trade. Then the insidiousness of the United States to entrap others will not stop, but the United States has the strongest strength, so it will not win from the beginning. It just depends on who loses less or can get a little back from it.

Xiao Qi knew that Dad would be asked about this, so it was on my mother's birthday last time. I specifically discussed a lot with Xiao Xu.

With Xiao Xu's wisdom, coupled with his own hard work, I believe that this time he went to the capital, he will definitely receive no less appreciation and affirmation.

After a pause, Xiao Xuping asked: "Son, the U.S. stock market has plummeted in the past two days, and the Asia-Pacific stock market and the Chinese stock market are the same. The domestic stock market has also begun to panic. Do you think the situation will continue to deteriorate?"

Xiao Qi laughed dumbly, "Father, just because the Huaguo stock market is so shabby, do you still need to panic? Anyway, everything is falling, and everything is swindling money. I want to talk about this, directly. Good to go bankrupt!"

"Stop talking nonsense here!" Xiao Xu was also amused, "I ask you what is going on. If you say this, a lot of people will have to be offended by you!"

"I can do it myself. Don't let others talk about it?" Xiao Qi muttered, then coughed slightly: "Daddy, have you seen the three major U.S. stock indexes these days?"

"Look."

"Did you see any mystery?"

"Although the volatility is severe and the decline is huge, some of the most important stocks are not moving." Xiao Xu talked eloquently: "In the next few days. I think there are only two possibilities. The first is that the U.S. government and the Federal Reserve will come forward and join forces. Supporting the market, combined with some of its own major stocks, stabilized people's hearts; the second is that the US government and the Federal Reserve did not act, and even these important constituent stocks were unable to withstand them. They were then dragged down and triggered a chain reaction in Western countries. Very serious."

"Father, what do you think is more likely to happen?"

"Of course it is the first. Americans are not that stupid. Behind the subprime mortgage is the US real estate market that has risen for more than ten years. They are willing to let the real estate collapse, and then the economic development results of more than ten years will be wiped out?" Xiao Xu sneered: "We are not the only ones who care about GDP, but American politicians care more!"

Xiao Qi nodded again and again. After so long of experience, Dad finally achieved results.

Although there are still many parts of this remark that are not detailed enough, at least in the past life, few Chinese experts and scholars can say this truth at this time.

The US government does not want to see the fall of finance in the new century, and then spread to a more far-reaching level.

In fact, the Fed has taken action a long time ago. As early as February, when New Century Finance announced a profit warning for the fourth quarter of last year, the Fed loaned them to help them tide over the difficulties.

The Fed's move is also the most important factor in why the subprime mortgage crisis did not erupt in February!

But who knows that the stall of New Century Finance is so bad that there is no way to recover it, so they can only file for bankruptcy.

If New Century Finance falls, it will fall. Anyway, there is more than one mortgage company in the United States, but the rest of the Federal Reserve can't let the dominoes fall, so they will still take action.

However, the Fed cannot respond quickly to things. They consider a lot of things. Therefore, it is normal to make a move after two or three days. Small and medium-sized investors with huge losses ~www.readwn.com~ often just can't get through this. It took two or three days, so I lost a lot in vain.

"The Fed has money and the U.S. government has policies. I believe it will be able to reverse the situation soon." Xiao Qi solemnly said his views: "However, I am still not optimistic about the U.S. subprime bond market. What is exposed now, once If it continues to be suppressed, the next time it breaks out, I am afraid it will be difficult to control it again."

"You said there will be a bigger storm?" Xiao Xu immediately understood.

"Yes." Xiao Qi said cautiously, "but I'm not sure when it will erupt. It all depends on how bad their mess is."

"I understand."

Xiao Xu thoughtfully.

The young man dared not speak too clearly, but he had already pointed out the most important thing.

Coupled with the expansion and improvement of Mayor Xiao, I believe that the judgment of the future financial turmoil will be more accurate. (To be continued. If you like this work, you are welcome to come to the starting point (m) to vote for recommendation votes and monthly tickets. Your support is my biggest motivation. For mobile phone users, please go to m to read.)