Eight Hundred and Seventieth Chapters Continuous Improvement of the Father

Also unconsciously, the ringing of the phone broke Xiao Qi's leisure time.

"Hey, Dad, it's 11 o'clock in the evening in Huaguo, right? Mommy hasn't urged you to sleep yet?" Xiao Qi said to the phone with a smile.

"I'm still in the capital now." Xiao Xu's voice revealed exhaustion, "Since the outbreak of the subprime debt crisis in the United States on April 2, Director Niu took me to the capital, and I have been discussing with experts and scholars for the past two days. How do we deal with this subprime mortgage crisis?”

After the reform and opening up, the mathematics experts and scholars in China gradually became the spokespersons of various interest groups. This is a well-known secret.

But there are also many real people who are doing their best to escort the country. [

Just as you cannot believe that the sun will rise again tomorrow because of the darkness of the night, there is always a group of fools in the eyes of others who silently dedicate their light and heat.

Those who participated in the discussion with Xiao Xu were such experts and scholars.

It is a pity, however, that most of these experts and scholars are old men with white hair. Although a red heart has not changed, it has already fallen behind the times, and it is impossible to grasp this rapidly changing situation.

Therefore, they have to constantly let emerging experts and scholars come over to assist them in doing research together.

Xiao Xu has long been in their sight, and he has come to the capital to discuss with them several times before because of the devaluation of the renminbi and the kidnapping of the local economy by real estate.

The "new version of the housing pre-sale system" introduced after Niu Ruzheng's proposal was implemented with their support. I don't know how many interest groups have been offended.

Although the subprime mortgage crisis is now in the United States, China is the country with the largest US national debt in the world. It is also the country with the largest US dollar reserves in the world. As far as these two mountains are concerned, it is impossible for Hua Guo to stand on the shore and watch the drama easily.

China's foreign exchange reserves and US treasuries bought are not accumulated bit by bit since the reform and opening up 30 years ago. Whoever has a loss is an extremely humiliating thing.

Xiao Xu, as a financial expert with a "strategic foresight" who was warned in advance, was summoned as soon as the subprime mortgage crisis occurred. Everyone wanted the fastest way to discuss a solution.

However, Xiao Qi can only sigh with regret, because there are not many ways for Hua Guo to go.

As long as the US dollar is still the settlement currency of world financial trade. Then the insidiousness of the United States to harm others will not stop, but the United States is the strongest, so it will not win from the beginning, just to see who loses less, or can recover a little from what aspects.

Xiao Qi knew that his father would be asked about this, so it was on his mother's birthday last time. I specifically discussed a lot with Xiao Xu.

With Xiao Xu's wisdom and his own efforts to explore, I believe that this time he goes to the capital, and he will definitely receive no less appreciation and affirmation.

After a pause, Xiao Xu asked calmly: "Son, the U.S. stock market has plummeted in the past two days, as has the Asia-Pacific stock market and the Chinese stock market. The domestic stock market has also begun to panic. Do you think the situation will continue to deteriorate?"

Xiao Qi laughed dumbly, "Dad, with the broken state of the Huaguo stock market, do you still need to panic? Anyway, it's going down if there's anything or nothing, and it's cheating money if there's something wrong. I want to talk about this, directly. It's good to close down!"

"Stop talking nonsense here!" Xiao Xu was also amused, "I'm asking you what you're doing, and a lot of people will be offended by you if you say this!"

"You can do it yourself. Don't let others talk about it?" Xiao Qi mumbled before coughing lightly: "Dad, have you seen the three major stock indexes in the United States these days?"

"Look."

"Do you see any mystery?" [

"Although the shocks are violent and the decline is huge, some of the most important stocks are not moving at all." Xiao Xu said eloquently: "In the next few days. I think there are only two possibilities. The first is for the US government and the Federal Reserve to come forward and join hands. Support the market, and combine with some of its own large stocks to stabilize people's hearts; the second is that the US government and the Federal Reserve did not take action, and even these important constituent stocks could not stand it, and they were dragged down immediately, triggering a chain reaction in Western countries. The consequences very serious."

"Dad, what do you think is more likely to happen?"

"Of course it's the first one. Americans are not that stupid. Behind the subprime mortgage is the US real estate market that has risen for more than ten years. They are willing to let real estate collapse, and then the achievements of ten years of economic development will be wiped out?" Xiao Xu sneered: "It's not only us who care about gp, the US politicians care more!"

Xiao Qi nodded again and again, after so many years of experience, Dad finally got results.

Although there are still many places in these remarks that are not detailed enough, at least in the previous life, few Chinese experts and scholars can say this truth at this time.

The US government really does not want to see the fall of finance in the new century, and then spread to a more profound level.

In fact, the Federal Reserve has already taken action. As early as February, when New Century Financial announced a profit warning for the fourth quarter of last year, the Federal Reserve lent them to them and wanted to help them tide over the difficulties.

The Fed's action is also the most important factor why the subprime mortgage crisis did not break out in February!

But who knew that New Century Financial's business was so bad that there was no way to recover it, so they could only file for bankruptcy.

If New Century Finance collapses, it will collapse. Anyway, there are more than one mortgage loan company in the United States, but the rest of the Federal Reserve cannot let the dominoes collapse, so they will still take action.

But when the Fed does things, it is impossible to respond quickly. They have a lot of things to consider, so it is normal for them to take action after two or three days. However, small and medium-sized investors with huge losses often cannot survive these two or three days. So a lot of lost in vain.

"The Fed has money, and the U.S. government has policies. I believe the situation will be reversed soon." Xiao Qi solemnly stated his point of view: "However, I am still not optimistic about the U.S. subprime bond market. What is exposed now, once If it is suppressed, the next time it erupts, I am afraid it will be difficult to control it.”

"You said there will be a bigger storm?" Xiao Xu understood immediately.

"Yes." Xiao Qi said cautiously, "but I'm not sure when it will break out. It all depends on how bad their mess is."

"I understand."

Xiao Xu said thoughtfully.

The young man did not dare to speak too clearly, but he had already pointed out the most important thing.

Coupled with the expansion and improvement of Mayor Xiao, I believe that the judgment of the future financial turmoil will be more accurate. (To be continued...)