Silicon Valley

Vol 2 Chapter 658: The U.S. subprime mortgage crisis broke out!

Online sockets are very creative, and graphene LED bulbs crush all current bulbs, which can save a lot of money just by saving electricity. Therefore, as soon as the Online socket and graphene LED bulbs were released, they became popular all over the world.

At this moment, many environmentalists around the world have stood up and called on everyone to use graphene LED bulbs. Even many countries have publicly stated that they encourage people to use graphene LED bulbs.

"Time" wrote: "Edison invented the light bulb and changed human life since then; Henry Williams invented the graphene LED light bulb and changed the environment of the earth since then! Although the two did not live in the same era, they are equally great !!!"

"Reuters" editor-in-chief Kenneth Morse said: "The emergence of graphene LED bulbs will completely disrupt the global lighting industry!!!"

Marshall Petty, a famous American financial expert, said: "Electric lights are everywhere in homes, schools, companies, factories, public infrastructure places, etc.! It is closely related to human life. According to "Bloomberg" statistics, the global lighting market is worth tens of thousands. Billion U.S. dollars! The emergence of graphene LED bulbs will rewrite the pattern of the lighting industry!!!

At present, the world's largest lighting company is General Electric Lighting Co., Ltd., abbreviated as ‘GE Lighting’.

As we all know, the parent company of "GE Lighting", GE, was founded by Mr. Edison, the king of the invention. He first founded the Edison Electric Light Company in 1878, then merged with Thomson-Houston Electric Company to form GE General Electric Company, a world-renowned company. The top 50 of the top 500 companies. At the same time, GE is the only company still on the index list since the establishment of the Dow Jones Industrial Index in 1896!

Right now, GE Lighting has encountered the biggest crisis in its history! ! !

According to a reporter from ABC TV, on the day of Williams Super Energy's press conference, GE immediately convened a board of directors, apparently discussing countermeasures urgently. At present, the main business of GE Lighting is divided into three major business segments: LED, light source and lamps.

Among them, the LED business segment provides a set of world-class and environmentally responsible LED lighting systems and solutions, covering various applications such as indicating lighting, architectural lighting, traffic lighting, display lighting and general lighting; the light source business segment produces and Sell ​​a full range of light source products, including incandescent lamps, tungsten halogen lamps, fluorescent lamps, energy-saving lamps, high-intensity gas discharge lamps, as well as automotive and special lighting. GE Special Lighting mainly develops and sells lighting products for aircraft and other transportation systems, front projection and rear projection, video projection, medical, construction, optical fiber, stage, studio and theater lighting products; the lighting business segment covers industrial and commercial lighting fixtures, road lighting fixtures , Floodlight and area lighting, and matching electronic and electrical products. All these products have passed the strict 6 sigma process quality control system, providing perfect lighting solutions for hundreds of millions of users around the world. ???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

If you compare the graphene LED bulbs with ‘GE Lighting’, the scale of the two is really far apart. The graphene LED bulb is just a very ordinary small bulb with a single product, and GE Lighting is like a giant! However, graphene LED bulbs have unlimited potential and can gradually enrich the product line, defeating GE Lighting and becoming the overlord of the global lighting industry! ! !

Although GE has been keenly aware of the huge threat, it is unpredictable whether ‘GE Lighting’ can maintain its position as the world’s number one! "

Financial expert Marshall Petty is right. Following the graphene LED bulbs, Williams Super Energy will also produce more abundant products! ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

On June 7, Williams Super Energy registered a wholly-owned subsidiary-"Williams Electric Light Company". The new company has a registered capital of up to 10 billion U.S. dollars and employs more than 1,500 people, specializing in the development of graphene. Lighting Products!

In this week, the number of graphene LED bulbs sold reached 75 million, of which more than 28 million were sold in the Williams Empire alone, which became popular all over the world and became the first choice for home lighting. At the same time, the sales of online sockets are also very hot, with 19.5 million sold, and home users with the robot Eve have snapped up online sockets.

The lighting company and the socket company couldn't help but sweat from their backs!

Graphene LED bulbs and online sockets are coming too fiercely, and they are devastating and robbing the market share with lightning speed. However, this is only a week, and if this continues, everyone will have to drink Northwest Wind!

For a time, in response to the attack of Williams Electric Light Company, major lighting companies and socket companies around the world began to fight price wars.

Faced with this situation, Henry couldn't help but smile, "The cost of graphene LEDs is lower than traditional LEDs. If you want to fight a price war, who is afraid of whom! Online sockets are inherently expensive, and users who buy it are originally fancy , Whether the price of other companies’ sockets is reduced or not has little effect on Online sockets."

Henry shook his head, these little things didn't matter.

At around 11 am US time this morning, Bear Stearns, the fifth largest investment bank in the United States, announced that its two hedge funds stopped redemption. The Bear Stearns spokesperson explained to investors in this way: “We believe that the fund’s investment portfolio is good and can survive until the market returns to normal. We believe that stopping the redemption will best protect the long-term interests of investors.”

The words of Bear Stearns's spokesperson proved to be nothing but an imaginary imagination. Not only did the two funds suffer an extinction as a result, Bear Stearns itself could not be spared from the crisis!

At this time, Wall Street still seems unaware of the upcoming storm! ! !

On July 19, 2007, the Dow Jones average price index of 30 industrial stocks in the New York stock market actually hit a record high, breaking through the 1,400 point mark for the first time. It seems that the stock market is doing well!

However, the Americans soon lost their laughter. In August 2007, as the bad debts formed by a large number of subprime loans surfaced, the securities based on these subprime loans began to depreciate sharply, and the subprime mortgage crisis finally broke out.

On August 1, 2007, Macquarie Bank stated that investors in its two high-yield funds faced a loss of 25%.

On August 2, 2007, the German Industrial Bank announced a profit warning. It was estimated that there was a loss of 8.2 billion euros. The reason was that a “Rhineland Fund” with a scale of 12.7 billion euros and the bank itself participated in a small amount. U.S. real estate subprime mortgage market business has suffered huge losses!

On August 6, 2007, the American Home Mortgage Corporation declared bankruptcy.

On August 8, 2007, Bear Stearns, the fifth largest investment bank in the United States, announced the direct bankruptcy of two of its funds.

On August 9, 2007 ~www.readwn.com~ France's largest bank BNP Paribas announced the freezing of three of its funds, also because of its participation in the investment in US subprime mortgage bonds and incurred huge losses. This move also caused a severe setback in European stock markets.

On August 10, 2007, the US subprime debt crisis spread and spread to the world. Central banks around the world began to intervene!

At this moment, Henry, Kelena, and Willett sat in the hall and celebrated with champagne.

"The whole world is muddy and I am alone, everyone is drunk and I wake up alone! Come on, let the subprime mortgage crisis come more violently!!!" Henry lifted his glass and laughed excitedly. Kailena and Willett sat on either side of Henry, raised their wine glasses, and looked at Henry with a smile, with extremely gentle eyes!

Just ask the world, who would dare to be 100% sure that the subprime mortgage crisis in the United States will break out, and have the courage to spend trillions of dollars to short the stock market and real estate?

Kailena and Willett couldn't help but admire Henry, and felt extremely proud and proud in their hearts. Every woman has a hero in her mind, and the hero of Kelena and Willett is the man in front of her...

(To be continued.) Enable new URL

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