Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Romance -> Rebirth of an industrial empire

Text Chapter 832 Severe Fall

Previous page        Return to Catalog        Next page

    After being bombarded by a series of bad news in the first few months of this year, many people in the U.S. stock and futures markets have already expressed doubts about the current U.S. economy.

    Especially the subprime debt bonds, which have become very popular in recent years due to the virtual fire of the real estate market, and the various financial instruments derived from them.

    This market was so hot in the past two years that it was so hot that it is indescribable. Not only large investment institutions and investment banks in the United States were speculating on this kind of bonds and their derivatives, but also some overseas banks and  Investment institutions are also speculating.

    Although the U.S. financial market uses 10 trillion as the standard unit every year, when the subprime debt market has been hyped into a 62 trillion U.S. dollar super market, many people have to pay attention to this market.  And feel fear.

    Since the beginning of this year, some people in the financial industry have criticized this bond and the US financial market on TV, as well as regulatory agencies, as well as those damn investment institutions and large investment banks.

    ¡°However, these people are generally not well-known people, and large investment banks and investment institutions, and even the U.S. government, have come out to refute the rumors and enhance investors¡¯ confidence.

    So a series of suspicions and storms were suppressed. After all, except for the real financial giants, it is difficult for others to understand the mysteries of this circle.

    But the next few months were full of bad news. First, in February, HSBC lost 1.8 billion on subprime debt, and then National Financial, the largest mortgage company in the United States, began to reduce mortgage loans, and then the new  Monetary Finance issued a profit warning for the first time in several years.

    However, not many people were sensitive to such data and news at that time. After all, this was only the market performance of a few companies. The reason why they suffered losses was probably related to their own improper operations and may not have much to do with the market.  , many people thought so at the time.

    ¡°Look at Goldman Sachs and Morgan, they are the bellwethers of Wall Street.  As long as they don't have problems, it means Wall Street and the U.S. economy are fine.

    March losses came as expected, and New Money Financial, the second largest subprime mortgage company in the United States, announced that it was on the verge of bankruptcy, but it was not until April.  They filed for bankruptcy protection after laying off half their staff.

    Since this time, many sensitive people in the market have felt that something is wrong with this market.

    But in the following period, the news sources in the market were very confusing, which made many investors feel very strange and unable to judge the next trend of the U.S. economy.

    First, the U.S. Real Estate Administration announced that real estate sales last month decreased by a few percent month-on-month.  But on the other hand, the economic data released by the U.S. government shows good growth.

    "Many people are confused. They don't know that this good growth data is actually contributed by many arms dealers and oil businessmen, and not by real estate, the largest industry in the United States.

    April has become the month that many people are most worried about, and even then some sensitive people have already begun to think about their retreat.  Because data released by the United States Housing Administration that month showed that real estate sales in the United States last month dropped by 8.4% from last year.  This is quite scary data.

    After the data was released, there was a panic in the market. Many people thought that this time it might really be doomed. At that time, the power of the short side in the market increased greatly, and people everywhere were shorting the U.S. stock index futures.

    But then the U.S. government came out to refute the rumors, and there were even rumors that the Federal Reserve plans to continue to implement monetary easing policies, and it is very likely that a new round of monetary easing policies will be introduced next month.

    ¡°At this time, the market regained its composure, and then the multi-party forces surged, forcing the short-selling forces to be suppressed again.

    Then there was a series of actions by Goldman Sachs and Morgan.  Today we sold some subordinated debt bonds there, and tomorrow we will announce a cooperation with a company in the Middle East to enter the U.S. market, and other such news.

    ??????????????????????????????????????????????

    And in May.  Also because of the good news brought by some oil and other aspects, the stock market has entered a new rising cycle. The Dow Jones Index, Nasdaq Index, and S&P Index have all climbed to their highest levels this year, and have been hovering around  There is no decline near the high level. Many people believe that according to the economic trend this year, these indexes are likely to climb to a new height.

    And wait??On the 22nd of last month, the U.S. stock index futures market suddenly experienced an inexplicable high correction. The magnitude of the decline was not low. The Nasdaq index fell by 1.37% in one day, and the S&P  The index also fell by 1.29%. Only the Nasdaq index did not fall that much, but it also fell by 1.07%.

    But none of this aroused the market's vigilance. Everyone agreed that this was a natural correction of the market. After all, everyone continued to work hard, waiting for the opportunity, and then hit a new peak in one fell swoop.

    But at this time, July had just entered, and everyone thought that the market power had almost gathered strength. Who would have thought that on July 10th, Standard & Poor's suddenly announced a downgrade of the subprime bond rating.

    Doesn¡¯t this cost people¡¯s lives?

    Originally, everyone expected to go all the way up, but who would have thought that you suddenly stabbed everyone and announced that they would just turn around and go down?

    ?? UBS, Bank of France, Deutsche Bank, ABN AMRO, Temasek, Japan¡¯s Nomura Securities and other foreign investment institutions were completely unprepared for such news and were knocked to the ground on the spot.

    By the time they got over it, a huge atmosphere of panic had formed in the market. Thinking about the previously released data on U.S. real estate, sales have been declining for eight consecutive months.

    Suddenly there were voices in the market that were bearish on the United States. At this time, everyone knew that things might get serious. The sub-prime debt market was so big that if the market really collapsed, no one would be able to recover.

    So the panic is getting more and more serious, and the three most important economic indexes in the United States, such as the Dow Jones Index, the Nasdaq Index, and the S&P Index, have plummeted.

    It can¡¯t even be described as a decline, it can only be described as a plunge. In just a moment, the flood has approached the warning line, and the market has been in chaos in an instant.

    Coupled with the fact that today is Friday, many people suddenly remembered the famous Black Fridays in American financial history, so everyone began to short-sell. After all, losses on subprime debt bonds seemed inevitable. Of course, everyone  Hope to be able to recover some losses.

    But at this time, everyone is shorting, and if you put out a short order, no one will take it. Who dares to bet against you in this situation?

    So there was a cry of mourning in the market. Some people lamented that they couldn't make money, while others were beating their own heads. Damn it, if I had known this, I shouldn't have taken those short orders a few days ago.  !

    The most regretful ones here are Temasek and Nomura Securities, which took action against Thunderbird this morning. Just this morning alone, these two companies almost took a billion-dollar short order issued by Thunderbird.  , if they lose, all their hundreds of millions of gambling funds will go into Thunderbird's pocket.

    ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? will? and? the? entire? market? fell? into? a? dilemma? once? again.

    If you don¡¯t cover your position, then the previous few hundred million will be completely ruined. But if you continue to cover your position, the market will be full of shouting and killing. No matter how much you throw in, it won¡¯t be enough to fill the hole. It is very likely that it will still be filled.  The more repairs are made, the bigger the hole will be.  .  .

    But at this time, no one cares about their voices at all. Everyone is thinking about how to survive this crisis.

    At this time, in the high-rise conference room of a certain building on Wall Street, almost all Wall Street elites, including the top executives of the five major investment banks, representatives of the National Monetary Authority, and people from the Federal Reserve gathered here for a meeting.

    The topic of the meeting is how to save this crisis. After all, everyone is a grasshopper on a rope. No one can escape because everyone has a lot of messy triangular bad debts. If the subprime debt  If this plate really collapses, everyone will be finished playing.

    But the most difficult problem now is that panic has formed in the market. Anyone who wants to plug the hole is doing it with a mantis' arm, so everyone can only work together to fight this crisis.

    In the end, people from the Federal Reserve took the lead and convinced several banks and other large institutions to allocate a certain amount of funds on Monday to stabilize the market. At the same time, the country would also send people to clarify in person.  Some information to prevent market panic from continuing to ferment.

    Today is Friday, and the market closing time is not far away. If you want to take action today, it will be too late, and we also need to give everyone some time to prepare funds, so everyone agreed together that the time to take action will be Monday next week.  .

    These Wall StreetersThe elites had just dispersed one by one with gloomy faces, but over there at the headquarters of Thunderbird Company, there was already a burst of joy.  .  .

    "yeah!"

    Many Thunderbirds super players are in a state of ecstasy. After all, the company has made money, and they will definitely not miss their red envelopes by then.

    {PiaoTian Literature www.PiaoTian.com thanks all book friends for their support, your support is our greatest motivation}
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report