Chapter 978 Subprime Mortgage Crisis
Compared with the previous life, the development of the western region has come a lot earlier. Because of the advance commercialization of lithium-ion batteries, the layout of raw material lithium, as the main technology and industrial land of lithium batteries, began eight years ago.
Six years ago, Soxin also embarked on the road of industrial chain integration and actively invested in and integrated upstream lithium salt companies. Now, from Qaidam to Tlf, it has long completed the land grabbing.
If you say that the matter of starting a mining factory has nothing to do with revitalizing the local economy, it is definitely wrong, but if you say that it has a big and close relationship... it is naturally impossible to talk about it.
But what if the number of factories and mining enterprises increases and localizes employees?
In the two rounds of five-year plans, it was clearly stated that we should continue to increase the efforts to develop the western region. In addition to the infrastructure undertaken by the state, the guiding preferential policies given by enterprises that can adapt to local conditions are also extremely gratifying. Yuanxin, as Su Yuanshan said, as a large enterprise entrenched in the western region, must bear the responsibilities it should bear.
But as a company, Yuanxin can't find the local government and say, "The superior asked me to help the poor, should I give some money to the people?"
Therefore, Yuanxin took the opportunity of Suoxin's full intervention in the clean energy industry and actively participated in the development and support of the western region of Dao, especially in some places.
Su Yuanshan knew that in addition to being relatively backward, these places also had greater challenges. (If you talk about the more detailed book, you won’t have it)
But Su Yuanshan firmly believes that the truth is the greatest power, and he will not give some groups and media that are used to spreading rumors.
...
Then Su Yuanshan asked Gong Dejia about the future plan of HiSilicon. When he learned that Gong Dejia had proposed the development direction of big data and intelligent networks, Su Yuanshan greatly appreciated and imagined the future world with him in a centralized full video coverage environment.
"In the future world, in addition to the omnipresent outdoor skynet, there will definitely be indoor skynets delivered to medical, elderly care, health and other departments - such as solving the problem of elderly people living alone, or in other words, how to complete public services on call in the intelligent world? Of course, there is only one answer, which is indoor skynet."
"In addition, drones and ground robots will definitely be the main working equipment of the public affairs department... In this way, the operation of the entire society will be visualized. Then, there is no other choice to take into account the entire network except intelligence and centralization."
Zhu Yuanxin interrupted Su Yuanshan's imagination: "Mr. Shan, is this probably involved in privacy issues?"
Su Yuanshan laughed: "It's not just involvement... this is purely intervention, or even depriving privacy."
Zhu Yuanxin: “…”
"But if technology develops so that even elderly people living alone can get a relatively good quality of life, your only worry is sudden illness and external invasion... what do you do?"
"Not to mention that you can concentrate on elderly care, we all know that nursing homes are also squeezing and depriving privacy. Even compared with a centralized system, your privacy will be in the hands of others..."
Su Yuanshan looked at Zhu Yuanxin with a smile: "Suppose you are now in your seventies and eighty years old and have a certain ability to take care of yourself, and there are robots at home to help you with your work, then are you willing to install a centralized smart camera at home, or go to a nursing home?"
Zhu Yuanxin: "Well... I am a house like me, of course I am stumbled at home."
"No, that's it." Su Yuanshan spread his hands: "Don't think that this society is far away from us. In my opinion, it's even less than fifty years. Such a society is coming. We are working hard to develop technology now, and we can just reach the wave we use when we get old. Then a little uncomfortable, and a smart processing system will immediately respond. Then a professional intervenes, which is better than you holding on? Or maybe you accidentally fell down, but the intelligent camera will immediately determine your status and intervene..."
Gong Dejia narrowed his eyes and thought for a while, shook his head and sighed: "To achieve this, I don't know where artificial intelligence needs to go."
"Anyway, taking one step is a step. But it is undeniable that this is a trend. And even if you don't reach this point, video surveillance can be installed in the family... Can the son who is away from home install a few of his elderly parents? He is not careful, but he can see his parents' situation anytime and anywhere through his mobile phone. Isn't that good?"
"I won't talk about public sector equipment such as drones and ground robots. Intelligent processing of video must be their first element."
Su Yuanshan waved his hand: "I strongly support you to continue doing it. Don't forget that we are the best in the intelligent processing of videos."
"Well, so I would like to ask you to tell Mr. Xi... Can you support us as a big boss group?"
"It depends on the boss's own wishes. But if it's just cutting the working relationship and keeping the change, there should be no problem."
After dinner, Su Yuanshan received Wang Dongsheng who had heard the news in the office.
Of course, Wang Dongsheng had nothing special to do, and he came here just to chat with Su Yuanshan. He also breathed out to see if there were any special proposals at the next executive board meeting.
After a while, when Su Yuanshan got on the bed and was about to read a paper and rest, it was almost zero.
Then, the ringtone of the cell phone suddenly rang.
...
On the phone, Qin Si's voice was a little cautious.
"Just today, the housing market, which had been on the sideways for several months, suddenly couldn't hold back."
As soon as he heard this, Su Yuanshan immediately sat up and said, "What do you say? This thing is not the stock market, why do you suddenly feel like you can't hold it back?"
"After the Federal Reserve announced a rate hike yesterday, it seemed that in one day, the entire market reached a consensus...or in other words, everyone woke up at the same time."
Su Yuanshan took a deep breath.
To be honest, with Yuanxin's emergence with such a large size and such a great influence in the rise of semiconductor, Internet and IT companies in China - you should know that last year, the domestic GDP had exceeded 30 trillion soft sister coins - this was the level in history in 2008! Yuanxin alone provided the domestic GDP contribution of more than one trillion to the country.
Not to mention the rise of the Internet industry in Southeast Asia and Europe, which is also squeezing the living space of Wall Street capital.
And such a strong butterfly effect only advances the subprime mortgage crisis by one year...
This can only be said that the Americans have a strong family background and can be called a blood bull.
"Yes, they should have been awake for a long time. Last year, those mortgage institutions even regarded African immigrants as target customers... This is just a fucking waste."
Qin Si nodded softly: "Anyway, there is someone taking over, so they don't care."
The reason why subprime loans are not only humans or ghosts, but can be sold to you as long as you are willing to buy a house, is essentially purely a purely spreading flowers - selling a house, selling it to a subprime loan, the homeowner cuts off the offer, takes back the house, and continues to sell the house.
In this great cycle, as long as the house keeps rising and can be sold, even if the subprime mortgage institution encountered supply cuts last month's business, there was no pressure at all. Anyway, the house can be sold and it will appreciate.
But with various factors... or, for well-known reasons, housing prices in the United States cannot rise, and more people are cutting off their supply.
what to do?
Of course, it can only be cool.
"Well, you can pay close attention. We don't want to go to this muddy water for now... and this is just the beginning." After a pause, Su Yuanshan smiled softly: "Actually, have you discovered that subprime mortgage behavior is essentially a confidence in the American economy... Some people, if they are too confident, they will naturally shoot their feet."
"Well, I know." Qin Si smiled: "And even if we want to go there, we may not have a chance... We still say in the investment industry that Washington is actually very cautious in the banking field."
"That's not necessarily. In the economic crisis, the rich are the masters. I'm holding hundreds of billions of dollars in my hand now, and anyone has to think about it..."
Qin Si laughed: "I am bluntly speaking, hundreds of billions of dollars are really useless under this kind of chain reaction."
"Uh... we are a physical enterprise cluster! And don't forget that Yuanxin has essentially completed its self-circulation. Unless the whole world and the whole industry are targeting us, and everyone returns to the information age, otherwise... Yuanxin itself is a money printing machine!"
Su Yuanshan sat at the head of the bed, smiling arrogantly and comfortably: "You can have a good sleep now."
"You..." Qin Si sighed helplessly from the phone: "Then you rest, I have to see a few more guests. We can't be completely out of this matter."
"Yeah, go and go."
After hanging up the phone, Su Yuanshan threw the tablet away and exhaled a long sigh.
As he said, I can really have a good night's sleep.
He can't predict how much the subprime mortgage crisis will reach this time, but at least, the US can't free up its hands to clean up Yuanxin for the time being.
——Even if you are shameless, you can’t fight Yuanxin while begging for help from the country, right?
Do you really think that the uncles and uncles above are clay dolls?
*
*
In a game of playing drums and passing flowers, as long as the consensus is broken, it will soon cause a chain reaction.
In the next few months, the first ones to be affected were naturally those lending institutions engaged in subprime mortgage business. From the day Qin Si said that "the consensus was broken", many subprime mortgage companies suffered serious losses and were even forced to file for bankruptcy protection, including New Century Financial, the second largest subprime mortgage institution in the United States.
As we all know, under the omnipresence of capital, lending institutions usually package subprime mortgage contracts into financial investment products and sell them to investment funds.
Therefore, as the subprime mortgage market crisis intensifies, some investment funds that buy such investment products also begin to panic. But not everyone is panic...
After all, some people have already pulled away early.
In early September, Morgan Stanley's CEO Mike once again came to the provincial capital.
...
In Su Yuanshan's office, Mike looked at Su Yuanshan with an extremely complicated expression. He sighed quietly until he saw that Su Yuanshan was a little frizzy.
"Su, can you answer my question?"
"You said." Su Yuanshan happily pushed the teacup towards Mike, crossed his legs, and looked at the "Wall Street hero" who had already grown up with interest.
That's right, because he led Xiao Mohd to avoid three huge pits in succession - the first was Russian debt default, the second was the Internet bubble, and the third was the subprime mortgage - Mike has been praised by Wall Street as the greatest banker of the century.
The reason why Wall Street can say this big thing is of course that less than ten years have passed this century.
It doesn't matter if Mike gets this name.
"What do you want to get from Xiaoma?"
Mike picked up the teacup, then put it down, and looked at Su Yuanshan seriously: "I know, you have many common sayings, such as if you don't have any profit, you won't get up early, you won't fall from the sky, and you will be kind enough to show your gratitude..."
Listening to Mike's translation, even though Su Yuanshan's English level was so awesome that he almost caught up with his native language, he almost didn't come back in one breath.
"Stop, stop..." He waved his hands one after another.
As expected, Mike stopped and looked at him.
There is no doubt that his words just now are grateful for Su Yuanshan's greatest recognition.
"I remember I said before that I hope to establish a friendship with Xiao Mohd - this kind of friendship is not only between enterprises, but also between capital, but also between individuals." Su Yuanshan took a sip of tea again and looked at Mike with a smile: "I know that conspiracy theories are very popular now."
"If you have to say conspiracy theory, then I hope... when Yuanxin is facing pressure and unfair treatment, you can come out and say something fair to me - just like, I have been spared no effort to promote the entry of the domestic market and financial field for you and the entire Wall Street."
Mike took a deep breath and said in a deep voice: "If there is such an opportunity, I will naturally express my position."
Su Yuanshan smiled and shook his head again: "Mac, what do you mean?... There is no one else here. My secretary is not here, and my door... is also very soundproof."
"Although we have always said that capital has no borders. In fact, we all know... whether it is a company or a capital, there is no borders... that is not shown."
Mike nodded: "Yes - for example, we have never been able to receive fair treatment on your side."
Su Yuanshan laughed: "So I'm working hard for you - this is also my attitude, that is, no matter what impact capital is, we must work hard and believe that capital should not have borders."
“The same goes for technology.”
Su Yuanshan looked at Mike: "But past experience tells me that your side... may not be just broad-minded - not to mention the distance, but last year, I still want to mess with me."
"So, I also need friends, and friends who speak for me from the standpoint of capital without borders."
"And I believe that this friendship can be established, not that complicated, but that simple."
After Su Yuanshan finished speaking with a sincere look, he asked with a smile: "If you are satisfied with this answer, then I have a problem."
"You ask."
“What can we get in this crisis?”
Su Yuanshan said, pointing at him and then at himself.
Chapter completed!