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Text Chapter 867 Financial markets continue to panic

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    Austin went to school, got back together with his sister, and left.

    Taylor couldn¡¯t go to the recording today. Faced with the beautiful little beauty who was a new wife, Xiao Qi naturally stayed in the apartment to accompany her.

    ??????????????????????????????????????????????????????????????????????????????????????????????? didn't look at the beautiful and pure girl who has become a real star, but when facing Xiao Qi, she is still the cute little girl back then, so cute and naive.

    In addition to the two of them being annoyed, she also specially played and sang her new song for Xiao Qi.

    Xiao Qi heard several songs that he was familiar with. Generally speaking, the songs that he could remember should be very popular. It seems that Taylor's second album and single to be released soon should also be  There will be brilliant achievements.

    Oh, no, maybe more.

    Because in his previous life in 2007, although Taylor's songs were very good and highly popular, they did not reach the heights they are now.

    Not to mention that Taylor's songs are ranked higher on the Oricon charts than in her previous life, but the more than twenty commercials she shot for Fairy Company, leveraging the popularity of Dreampad, are enough for her to gain the reputation of a little advertising queen, and her popularity has greatly increased.  .

    Yes.

    Taylor shot 15 of Fairy's first ads.

    But Xiao Qi's money didn't come from the wind. Once Dreampad became famous all over the world, he immediately reduced his reliance on big stars for advertising. Although the intensity of advertising remained the same, most of it was focused on promoting Dreampad itself, so the cost would be at least  reduced by half.

    Of course, for the people Xiao Qi cares about well, that is, Taylor, Qiao Guoer and Feng Kexin. Although their advertisements have been reduced by half, they still occupy the position on TV from time to time.

    There are new rules in the new century.

    As a star, the most important thing is not your acting skills, character and ability.  It¡¯s exposure.

    As long as there is exposure, no matter whether it is good or bad, a person can become famous in a short period of time and obtain various benefits.

    For example, the beautiful No. 1 car model, such as sister Lulu, rely on their own bottomless hype.  Make a lot of money?

    Therefore, Taylor has such a high exposure rate, and more and more young people know her, which means that her potential fan base is getting larger and larger.

    Take her first album of the same name as an example. Originally, its sales in Europe were only a small success. However, as soon as the Dreampad commercial was aired, the total sales in Europe have already exceeded the 3 million mark. It can be called the successor to the new album in the new century.  Another super high sales volume after Tiantian, Avril Lavigne and Beyonc¨¦.

    When a man and a woman are in love, time is always the easiest to pass.  Xiao Qi felt like he had done nothing, and it was already afternoon.

    After arriving in the United States, Xiao Qi had a lot to do. After the little beauty got some sleep, he started to turn on the TV and computer and quickly started working.

    The biggest thing in the world in the past two days is naturally the outbreak of subprime debt.

    In fact, at the beginning, subprime debt did not sweep the entire United States like it did later.  It is even exaggerated to destroy the entire real estate industry in the United States, including these two days.  It's just the panic of small and medium investors.

    To put it simply, Fannie Mae and Freddie Mac, the two major mortgage giants in American real estate, are still very strong. As long as they do not collapse, the impact of subprime debt will not spread from the financial market to the actual situation.  real estate market.

    But just because you don¡¯t fall down now doesn¡¯t mean you won¡¯t fall down in the future.

    ?As the direct creator and reseller of subordinated debt.  The two super giants are so involved that anyone within the industry knows that they cannot escape. As long as they continue to develop, Fannie Mae and Freddie Mac will definitely be involved in the next step.

    People in China may not know what Fannie Mae and Freddie Mac are.

    But just remember.  In 2007, the mortgage-backed securities or bonds guaranteed by these two mortgage companies reached 3 trillion US dollars, accounting for 16% of the total value of outstanding bonds in the United States. You can know that they are in the subprime market.  What an exaggeratedly important position it occupies in the U.S. economy.

    When it comes to the relationship between Fannie Mae and Freddie Mac and New Century Financial Corporation, it is actually easy to understand.

    Fannie Mae and Freddie Mac are responsible for housing loans to New Century Financial Corporation, and then New Century Financial Corporation takes the obtained loans and lends them to individuals who apply for loans.

    In fact, Fannie Mae was originally an agency of the U.S. government, but it was later separated from the government after the reform of government agencies. However, the federal government has always sponsored their funds, and they are not considered state-owned enterprises.

    In the 1970s and 1980s, in order to prevent Fannie Mae from becoming a monopoly, the U.S. Congress once again established another consortium.An institution with the same function, that is, Freddie Mac, let the two of them fight and check and balance each other.

    But whether it is Fannie Mae or Freddie Mac, most of their funding sources come from the federal government. It can also be said that the U.S. government is lending money to people to buy houses, not just ordinary banking institutions.

    So you can think of them as the central bank for the real estate industry.

    Think about it, the collapse of the central bank is equivalent to the collapse of China's four major commercial banks in the real estate business, the mortgage market is completely over, and the U.S. stock market is almost over.

    ¡°General investors don¡¯t know this, but they still dare to stay in the market. All kinds of subprime bonds and junk bonds that were not sold out yesterday will be thrown out today.

    Even if it plummets, throw it away.

    If you throw it out, it will still be worth some money. If you don¡¯t throw it away, it will really be useless paper.

    The people¡¯s psychology is so irresistible.

    Now when the medium and large investment banks in the United States are still wondering what to do, they are the first to take action in a panic. This kind of panic is often interpreted as "irrational panic" in the stock market.

    It is precisely because of this panic mentality that the three major U.S. stock indexes plummeted again on April 3. At noon, they hit the largest decline of the day in eleven years, with an average of 3.5%.

    From the perspective of future generations, the plunge in these two days is nothing at all. The financial ice age that will last for several years in the future is the most sad and painful.

    But the fact is that the United States has not been so panicked for a long time, and the very uncomfortable feeling of panic will continue to spread for a few more days.

    ¡°It¡¯s not just the Americans who are miserable. The banks and institutions that bought U.S. subprime debt were simply dumbfounded.

    The real estate industry in the United States has been booming for so many years, and the Federal Reserve and the U.S. government are so strong. How could it be possible for subprime debt to enter such a big crisis all of a sudden?

    They wanted to sell the order immediately, but Goldman Sachs had already secretly played a dirty trick when selling them the bond portfolio, making it impossible for them to sell it immediately. If they wanted to sell it, the loss would be more than two-thirds.  .

    All right.

    If these foreign banks and institutional investors are really desperate to sell, they can still get back about 33%.

    But even if they are gods, they cannot judge that in the end they will not only suffer a total loss, but they will also have to pay dozens or even hundreds of times the amount of money!

    So after active research, they decided to wait and see. Don¡¯t be impatient.

    This is the magic of short-selling futures!

    It can make people earn huge amounts of wealth at a very small cost, and it can also make people lose unimaginable amounts of money!

    The financiers of Goldman Sachs are indeed good at deception and deception. They have already taken into account the mentality of these investors, so they set up layers of defenses and temptations to always let them retain a little hope.

    Investors will find out at the end that they have lost so much that it is simply unbearable!

    It¡¯s not that these experts from banks and institutions are unsmart, but they have met the smartest people in the financial field such as Goldman Sachs and Morgan, so they can¡¯t escape the hands of these devils no matter what they do.

    This is why at the peak of the financial crisis, the whole world was supporting the "Occupy Wall Street" movement in the United States.

    More than 80% of people working in the financial industry want to fly a plane and crash the entire Wall Street!

    The greedy devil should be punished!  !  (To be continued, please search Piaotian Literature. The novels will be better and updated faster!
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