Chapter 2692 Deepening the Impression

Summers didn't know that his words were the same as nothing to his new boss.

It can be said that at a time when the entire campaign headquarters is filled with optimism and joy, the calmest and most serious person is Obama himself.

For the rest of the campaign team, even if the election situation turns around later, it can only be regarded as a failure in their careers at best.

But for Obama, this may be the closest he has ever been to the position of leader of the United States, the only superpower in the world today.

He thought to himself that if he fails this time, it will be even harder to have a better chance in the future.

Although he has defeated Hillary, he is not without any problems.

The Democratic Party's vote bank is mainly white working people and women.

And he knows that as a black candidate, white working people are still skeptical of him. As for those women, they obviously supported Hillary more at the beginning. His victory over Hillary does not mean that they will turn to support him...

So he will not allow any mistakes to happen in the economic issues next.

But what Summers said just now was really no different from what those so-called experts on TV said. Not only was it empty, but it was also somewhat ambiguous.

At such a critical moment, he most wanted to hear Feng Yiping's clear and clear judgments on some issues similar to before.

"No problem, I have no choice but to do it," Feng Yiping replied.

If you don't hurry up to improve your favor at this time, when will you wait?

"Thank you Feng, I know that I can rely on you at any time," said Little Obama.

Feng Yiping laughed twice in his heart. Those who play politics will be so humble when seeking help.

I just hope that you can still remember these words now when you live in the White House in the future.

"What do you want to confirm mainly?" he asked.

"The next development of the subprime mortgage crisis," Little Obama said immediately.

"Some people say that the subprime mortgage crisis is a domino effect, but when Bear Stearns got into trouble, we stopped it in a timely and effective manner, thus eliminating the possibility of it causing a wider and more destructive impact,"

"Even if there will be some turmoil in the future, the risks brought about by it must be controllable,"

"What do you think of this view?"

"Haha," Feng Yiping laughed out loud this time, "Barack, you should know my evaluation of this view. I have repeatedly reiterated that the more difficult times are still to come,"

"I also strongly disagree with their comparison of this crisis to a domino effect. In my opinion," he thought for a while, "the harm of subprime mortgages can be compared to something that makes people a little uncomfortable. Its appearance is about the same as food. coli was found in the food,"

"This is a piece of information that can cause a strong reaction,"

"For example, if the Food and Drug Administration (FDA) now announces that they found E. coli in bagged spinach, then the public, such as Michelle, may not only stop buying spinach from now on, she may even stop buying bagged lettuce and other bagged green leafy vegetables,"

Such an example close to life made little Aohe, who was not very clear about the relevant knowledge, quickly understand the reason. He immediately said, "Because we are worried that the FDA did not fulfill its responsibilities and therefore failed to detect the pathogens in other green leafy vegetables,"

"That's right," Feng Yiping praised this good student, "So, such news will cause many vegetable growers to go bankrupt,"

"Subprime mortgages are also Similarly, after the subprime mortgage problem, short-term money market lenders began to doubt other asset-backed securities, not just subprime mortgage-backed securities. "

"Lenders ran on banks, forcing banks to sell assets for financing, which led to a sharp drop in the prices of all asset-backed securities, and then everyone lost confidence in similar securities..."

"And we all know how important confidence is at such a time,"

Little O'Hei thought about the run on financial institutions from the United States to Europe and other parts of the world from last year to this year, and said with deep feeling, "Such a crisis can also be said to be a crisis of confidence,"

"Yes," Feng Yiping praised him again, "and the subprime mortgage crisis is a bit like a huge popcorn machine. As time goes by, the corn in the popcorn machine The grains have been heated for more than a year. Bear Stearns is just the first one to explode. "

"I can say with certainty that Wall Street investment banks, more powerful American commercial banks, insurance institutions... European banks, and financial institutions in many countries in the world will also explode next."

"By then, the subprime mortgage crisis will no longer be a subprime mortgage crisis. It will evolve into a financial crisis. Then, it will not only be Wall Street, but many companies in many other industries will undoubtedly explode."

"I understand, I understand," Little O'Hei stood up at this time, "It will be a crisis that will sweep the world."

He was born in 1961, and the year he was born, the United States was experiencing a financial crisis. Fortunately, the Vietnam War strongly supported the recovery of the economy.

Since he can remember, from 1969 to 1972, from 1973 to 1975, from 1979 to 1982, and from 1989 to 1993, there have been a total of four financial crises of varying sizes.

If we count the financial crises from 2000 to 2003, he has experienced five so far and has a full understanding of them.

He immediately asked a key question, "Feng, when do you think the situation will start to deteriorate?"

At this moment, he really hopes that this crisis will happen as soon as possible, so that the lame Bush administration will have a headache for a while, let them settle the overall situation first, and then do some finishing work after he takes office.

He doesn't want to run into a financial crisis as soon as he takes office in the future.

"If you have to specify a time..." Feng Yiping paused for a while.

O'Hai immediately asked eagerly, "Yes, Feng, it's best to specify a time, okay?"

He is confident that through his speech, he will be recognized by most people and regarded as the hope of the United States. He can also think about some economic issues independently, but predicting such a financial crisis is obviously beyond his ability.

Or, it is also beyond the ability of his team.

"Comprehensively analyzing the situation of all parties, I think there is a high probability that the situation will become clear at the end of this quarter at the latest," Feng Yiping said.

At such a time, he didn't hide it. Anyway, I think Obama wouldn't ask him in detail what specific circumstances led to such a conclusion.

It is precisely at such a time that he should leave an impression of being able to predict economic issues in his mind, so that it will be more beneficial in the future.

He heard that Obama seemed to be relieved.

So he added, "Once the situation is clear, then the relevant development will naturally be very rapid."

He also understood what Obama was worried about, so he simply gave him a reassurance. Don't worry, the most difficult situation and the most difficult thing to do will still be solved by the unlucky Bush.

This way, when you take office, it will not be so urgent, and there will be much more room for operation.

"Feng, thank you," Obama was really relieved after understanding the economic situation and the approximate time of occurrence.

"I hope we can have a chance to meet when we go to California,"

As a state with the most electoral votes, he will naturally come to California again to canvass for votes.

"It's my honor, sir," Feng Yiping said with a smile.

"Feng, speaking of this, there is one more thing," said Little Obama.

"You go ahead," Feng Yiping was still very patient.

However, he looked at the sky outside the window and thought to himself, this man has begun to change.

If it were in the past, after he said "It's my honor" just now, Little Obama would have to respond politely.

But he didn't respond this time.

On the other hand, Little Obama still hesitated for a while, because the question he wanted to ask was a big question, and it was not very related to the economy.

"I want to ask, what do you think about my vice presidential candidate?"

"You know, your opinion is very important to me,"

Haha, it became important again at this time.

Therefore, Feng Yiping was too lazy to talk nonsense, and said very straightforwardly, "I think John, the federal senator from Delaware, will be a good partner,"

Black brother, this way you will know that I am not only good at economic issues.