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Chapter 1,190, Post-subprime mortgage layout

"God knows, the Japanese are good at driving skills, and the others are not at the same level as him." Nan Yi said in a relaxed tone.

"Dad, the Japanese, where is your nationalist spirit?"

"My nationalist spirit is expensive and I don't waste it extra on these people."

In Nan Yi's camera, the Japanese re-used the same trick and overturned two more racing cars. They followed the three cars running in the front and stopped moving. Perhaps the three cars in the front were the same as those in the Japanese, and they also kept moving forward at the same speed. There were occasional collisions, but they were reserved and did not suppress all the capital.

Soon, four cars turned from Pofulin Road to the stone bend. Unfortunately, when they arrived here, they also entered the blind spot of Nanyi and his men's sight, and they could no longer see the scenes behind them.

There is no chance to watch here. Nan Yi turned the camera and looked at Mazda again. It has been a while since there was only one of the three overturned cars, and only one of the remaining two are dead.

Nan Ruoqi's eyes also noticed this side, "Dad, are you dead?"

"Yeah, you can hum a song."

"What song?"

“Good Luck Comes.”

"Dad, I'm a little gloating." Nan Ruoqi curled her lips.

"No, there is a driver in a car wearing red clothes, and at this time, we can only pray for good luck."

"Zombie Taoist Master? Yin-Yang Road?"

"This is remote, and the possibility of old corpses in the mountain village is even greater."

"Chu people are beautiful?"

Nan Yi put down his telescope and scolded: "Every girl, I'll watch less ghost movies. After leaving, the roof of the car is flattened. If I don't make a rotten watermelon, it's a sage horse. Wanyi, do you still have any activities behind you?"

“Uncle, no more.”

"Yeah, I'll send you back first."

...

On Monday, Ai Jia arrived in Hong Kong and the planning meeting was held again. Several people passed all the information and information obtained by the Xiao Huang faction.

Qiu Xiaochi sneaked into the office of the Asian online casino and spent some time finding the computer that regularly retracts data from the server, has a fixed LAN IP, but is often not connected to the Internet. He found an Excel file in the computer, which records the transfer records of the casino.

In the transfer record, there are five records of US$34 million, which are probably from Huang Guomei.

Nan Yi once again blew indirectly from Ren Xia’s husband Zheng Ming and Luo Qianqian. Huang Guomei did come into the sight of several departments, and among the people under investigation, he was just a small character who could not be as small as possible.

The Nan family's usual strategy in the mainland is to follow the national trend, but they try not to be involved with politicians. The cooperation between officials and businessmen seems to bring a lot of convenience, but the cost is not a hundred days old. The convenience you get today will have to be doubled tomorrow. The matter behind Huang Guomei is too big, and it will be no benefit to get involved.

The meeting once again made it clear that this plan was just to make profits from Guangyu Electric's stock, and the matter behind it was not mixed, and the main work was carried out in Xiangkou. The smaller the action in the mainland, the better.

On Aijia's side, TCS consulting company can sign a big contract with Jingxi Yigou, and solve the problem of Jingxi Yigou.

Soon, a new private equity fund, C&S (Chiu&South, Zhao Henan), was established. Nan Yi gave US$20 million, Zhao Shixian gave US$50 million, and Nan Yi represented Nan Youqiu, Nan Wuwei, and Nan Ruojin alone gave US$10 million, and raised a total of US$100 million to Nan Ruoqi as startup capital.

In order to give a bowl of water, Nan Yi planned to send a big red envelope of 20 million to each of the three big men on Children's Day. After that, he should pay for the replacement of the people. This time he changed it would take about twenty planes, and he would have to spend some blood.

After the plan was made, Nan Yi flew to New York to attend the meeting of the Intelligence and Policy Committee on the subprime mortgage crisis.

The subprime mortgage crisis is no longer a forward-looking topic. In fact, it has come, and many people know it is coming. Scarlett attended several meetings in New York and Washington, including the Treasury Department, the Federal Reserve, and the New York Fed. All the meetings are based on two topics - how serious the consequences of the crisis will cause and how to recover.

Scarlett is already a heavyweight in the American financial industry, and Scarlett Fund has become a big reserve that cannot be defeated. Bear Stearn, Lehman Brothers, and Morgan Stanley are all in danger. If you don’t save it, who should be saved, who should be saved. These issues are being discussed. Scarlett Fund has been included in the ranks of firefighters. When the fire is strong, you will definitely be asked to do your best.

The strength must be produced, but I see if there are any benefits to take it. Some people use great strength and there is no need to take it.

The subprime mortgage crisis will definitely cause serious consequences, and those related to finance are almost impossible to escape. The same is true for the Nan family. Although the Nan family is not in the subprime mortgage bureau, the impact is inevitable. Even if there is no direct impact, there will be indirect impact.

After the crisis, most people's consumption capacity will decline. In the next two or three years, the revenue of a series of industries in Nanshi will decline, and profits will naturally decline. Less profits will lead to losses. This time, Nanshi will have to find a way to make up for it.

"Adam Bank just made a report that the global subprime mortgage bond scale is US$700 billion, the global financial derivatives market is US$415 trillion, and the derivatives market size is 8 to 10 times that of global GDP.

When subprime mortgage assets become toxic assets, millions of dollars of derivatives will be like a nuclear bomb that is about to explode…”

"Information obtained from BNP Paribas, the bank's senior executives are already discussing whether to disclose its huge losses in U.S. subprime mortgage securities, and announced the freezing of its three subprime investment funds in the U.S. subprime mortgage market."

"Will Bank reported that interbank lending rates between banks in London have begun to rise, and the European interbank lending market is facing signs of collapse."

"According to the news from the Nanguo Bank, the bank is ready to hedge the mortgage products of Weier Bank and Jardine Bank..."

“…”

“Like an invisible virus spreading among people in a plague, the financial crisis begins to break out when losses suffered by intermediaries in an opaque market raise concerns about liquidity and solvency elsewhere.

Infectious diseases are transmitted through close contact between people, pests and contaminated food. Similarly, the financial crisis also begins with interconnected markets and institutions. When the subprime mortgage crisis breaks out, its impact will be transmitted to other markets and institutions, and will also be affected from the Americas to Europe, Asia, and the whole world.

Needless to say, the Nan family made a lot of preparations before. Once the crisis comes, it will be the time for us to take the chestnut from the fire."

"Despite the recovery of Japan's economy in the 2000s, the economy has not returned to its pre-collapse level due to conspicuous consumption in the 1980s. At the same time, Japanese companies such as Toyota, Sony, Panasonic, Sharp and Toshiba, which dominated their respective industries from the 1960s to the 1990s, began to have to withstand fierce competition from other East Asian countries, especially South Korea and China.

Many Japanese companies have begun to replace most of the labor force with temporary workers, which have little job security and fewer benefits. As of now, these non-traditional employees account for more than one-third of the labor force.

For the broader Japanese labor force, wages stagnate. Since artificial labor peaked in 1997, Japan's real wages have fallen by about 13% after inflation was included. According to a survey by the Ministry of Health, Labor and Welfare, Japan's household income has almost dropped to 1987 levels.

According to statistics from the Japanese credit rating agency Imperial Data Bank, the total sales of all Japanese companies fell by 3.9% compared with 2000, which is a decrease of 13848.2 billion yen.

The current overall economy of Japan is still trying to recover in the 1991 financial crisis. It took Japan 12 years to recover to the level of 1995, and per capita output lags behind. In 1991, Japan's per capita actual output was 14% higher than Australia, but now the actual output has dropped to 7% lower than Australia.

Over the past 16 years, Japan's economy has been surpassed not only in total output, but also in labor efficiency, and it has previously been in the world's leading position in both aspects.

In response to long-term deflation and low growth, Japan has been trying to stimulate the economy since 1991, resulting in an increasingly severe fiscal deficit. These economic stimulus had at best a vague and slight impact on the Japanese economy, but had exacerbated the huge debt burden of the Japanese government.

According to current trend analysis, Japan's debt level may exceed 100 trillion yen in the next decade, which is expected to account for more than 200% of GDP, becoming the highest among all countries. The huge debt scale makes the country's financial health worrying."

"The prosperity of the Japanese temporary labor market is a good thing for Ikeda Club. Ikeda Trainee Dispatch Company's business in Japan has increased again in the past two years. I suggest Ikeda Trainee Dispatch Company enters the listing preparation period..."

"2000 can be regarded as the watershed in the development of Japan's service trade. In 1999, Japan's service trade imports and exports fell to a trough, with both exports and imports falling by more than 10%, 15.2% and 10.5% respectively. In 2000, exports turned to rise, with an increase of 7.3%. Although imports are still in a downward trend, the decline fell by 6.9 percentage points from the previous year.

Since 2001, exports and imports have shown a wave-like upward trend and reached a peak in 2004. From 2000 to this year, the average annual growth rate of Japan's service trade exports and imports was 10.4% and 4.4% respectively. The growth trend of exports is significantly stronger than imports, and the scale of the trade deficit is generally shrinking.

In 1998, Japan's service trade deficit reached 6.15 trillion yen; in the following years, except for the slightly higher service trade deficit in 2001 and 2004, the rest of the years showed different declines compared with the previous year, with the year-on-year decrease of nearly 30% in 2005; this year, Japan's service trade deficit may decrease to 1.8 trillion yen, a decrease of 70% from 1998...

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These growing links are certainly now far beyond trade and finance, reaching various issues such as geopolitical and global security. Therefore, it is very important to put this relationship on the right track...

What seems paradoxical is that this subprime mortgage crisis may make the two major economies hug each other more closely.

In the short term, China needs export growth to maintain job growth and social stability. By exporting goods to the U.S. and other developed countries markets, China continues to maintain its current account surplus, so it has little choice but to use the accumulated reserve funds to purchase U.S. Treasury bonds and implement exchange rates.

The United States needs voluntary buyers to buy their Treasury bonds to cover the budget deficit, which will certainly increase due to the upcoming bailout plan and fiscal stimulus actions.

This relationship undoubtedly has some unhealthy aspects, resulting in some tensions between the two countries, both of which believe that the other party has gained unbalanced benefits. In fact, during times of global economic difficulties, with the recession of financial markets and economic activities around the world, and the aftermath of the crisis echoing around the world, the increasingly retreating of economies to protect and isolate themselves, these tensions may intensify…”

This meeting was a group meeting of the Intelligence and Policy Committee. There were many people attending the meeting. Each of them spoke on their own areas of expertise and familiar areas. They talked endlessly. The discussion range was very wide, and there were debates. The meeting lasted a long time, and it took two days in the villa in the foothills of Lengquan Town.

Before the subprime mortgage crisis was spoken by ordinary investors, it was the third time that Nanshi had an expanded meeting on the subprime mortgage crisis. This meeting mainly targeted the Nanshi investment strategy in the next five or six years after the subprime mortgage crisis.

As soon as the meeting ended, the Committee on Intelligence and Policy became extremely busy again, and various instructions were issued to enterprises in various countries, and various plans began to be implemented.

After the meeting, Nan Yi did not rush to leave New York and spent a few days with Scarlett, who was not very busy. He has not been with Scarlett much in the past few years. He must make up for the chances if he has.

When Nan Yi returned to the capital, it was already Saturday morning. He went back to the old villa to wash up, and then rushed to school to attend classes.

[Let's just look at it, a lot of content has been deleted.]
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