Chapter 1716 Full Eruption

The American Home Mortgage Investment Corporation filed for bankruptcy protection. This is another large American mortgage lender that is on the verge of bankruptcy after New Century Financial Corporation.

Immediately afterwards, Bear Stearns, the fifth largest investment bank in the United States, announced that two of its major fund companies had closed down.

Then in Europe, banks or investment institutions such as Germany and France announced the freezing of their funds participating in the US mortgage market. On the Asian side, banks in island countries and South Korea also announced their losses in the US market.

This has not yet caused too much panic outside the United States, because the losses of banks in Asia and Europe can still be borne, and it does not necessarily affect the main body.

But this is not the case here in the United States. None of the major investment banks has not been damaged, and even companies like Wal-Mart have suffered huge losses because of this.

As the world's number one retail giant, Wal-Mart's daily transaction volume is huge, and there is a large amount of cash left behind. The money must not be allowed to stay in the books and invested. This is the most correct way of doing business .

Therefore, under Wal-Mart, there are also credit companies, which has caused huge losses to the credit companies under Wal-Mart.

At this time, the United States obviously couldn't hold on anymore, and the Federal Reserve Bank began to inject more than 20 billion U.S. dollars into banks to rescue the market.

It is a pity that more than 20 billion US dollars will not help at all.

Europe has prepared 150 billion euros to rescue the market, and island countries have prepared trillions of yen to rescue the market, but to the surprise of many people, China, which is also a major creditor country of the United States, has remained silent on this.

These rescue actions have stimulated the financial market. Many people have rumored that the financial market in the United States is about to collapse, and it will affect major financial markets around the world. Nowhere in Europe or Asia can escape.

In the past two days, both the stock market and major futures markets such as gold and crude oil have fallen across the board.

Crude oil, which just broke through $80 a few days ago, fell below $80 this time. Fortunately, Feng Yu and the others have re-hedged.

What's more, the price Feng Yu and the others bought these contracts at the beginning was only more than 50 US dollars. Although the crude oil has fallen a little now, they only lost a little profit, and they still have a high profit.

The Dow Jones index, which had risen to more than 14,000 points, immediately ushered in a dive. For two consecutive days, the decline exceeded 3%.

Inevitably, the stock indexes in Europe, island countries, and Xiangjiang all fell, and even China's stock indexes also fell a little.

The fact that the United States affects the world economy is really not a bragging rights. The United States issued a large amount of national debt, especially during the administration of Xiao Bushi. They also launched wars and taught Afghanistan a lesson in the name of anti-terrorism, making many countries in Europe and Asia their creditors.

The faster the economic development of the country, the more they buy their national debt. Countries with super-high foreign exchange reserves, such as China and Japan, have astronomical amounts of U.S. treasury debt.

At this time, why did the United States not launch a big rescue plan? The rescue funds provided by the Reserve Bank of the United States are less than one-sixth of that in Europe.

Because the United States has another trick, which is government bankruptcy. I don't know when those national debts will be realized. Of course, if the government goes bankrupt, the loss to the country of the United States will also be huge. No president dares to make such a decision lightly.

Moreover, the issuance of U.S. treasury bonds is huge, but 60% of them are internal. In other words, it is the investment institutions and citizens of the United States who buy more US treasury bonds.

The United States is only threatening the creditor countries in Europe and Asia. Please give me a hand, or I will go bankrupt, and your previous investment may be in vain.

Of course, they also threatened Huaxia. It's a pity that Huaxia didn't pay attention to it at all. If you really dare to go bankrupt, I will recognize that those national debts will become waste paper. Let's see who loses the most.

The more developed the economy, the greater the bankruptcy loss. Just like when China was poor and white, it was not afraid to fight anyone. Everyone regressed together, but you must have retreated more than me.

Although they are hurting each other, if I break a finger and you break a wrist, who is worse?

The Huaxia government has also noticed that the subprime mortgage crisis in the United States is about to turn into a subprime mortgage storm, which will inevitably lead to a serious economic crisis. I have money, of course it is used to stabilize the domestic economic situation, and care about your life in foreign countries Woolen cloth.

The economic conditions in Europe are good, and the debt is much higher than ours in China. They must be more nervous than us. It's better to let capable people do this kind of saving of lives. We didn't take the opportunity to add insult to injury, which is kind enough.

You see, there is a problem in your financial market, isn't our side also affected?

Huaxia's stock market is also falling at this time, but it is far less violent than in the previous life, because it has already hit a round before, and many investments have returned to rationality.

Many of the stocks that rose fiercely in the previous life were speculated. In this life, after being severely dealt with by the superiors, the stock market has long since receded from the highest heat. Now it is only more than 4,000 points, which is less than in the previous life. Nearly a third of it.

Therefore, although Huaxia's stock market was affected, the decline was not that great, and Huaxia still had a lot of funds that could be used to stabilize the market.

The same is true for Xiangjiang. Although the damage is not small, it is much better than the previous life. Two months earlier, Fu Rongqi and the others predicted that the stock market would fall, so they sold a lot of stocks.

At that time, famous investors such as Buffett also sold a lot of stocks in the Xiangjiang market. In fact, the stock market in Xiangjiang had not grown much at that time.

At this time, the Asia-Pacific Central Bank also announced that the injection of capital into the banking system is mainly to relieve the economic pressure on the banks of these countries in Southeast Asia.

However, Hua Xia Bank was not affected at all. They sold the mortgage bonds of those subprime loans at the request of the superiors. Although the profits in the second half of last year and the first half of this year were relatively low, this is the subprime crisis, but it has affected them. bottomed out.

Even the U.S. treasury bonds that these banks bought at the beginning were sold off a lot quietly, so the amount of U.S. treasury bonds held by China at this time is much less than at this time in the previous life.

The crisis passed on by the United States this time will at least have a much lower impact on China.

The whole world has suffered heavy losses due to the subprime mortgage crisis in the United States. Many experts predict that this may affect the overall economic development, and perhaps the global economy will be hit hard this year.

At this time, because of the subprime mortgage crisis, central banks around the world have injected more than 400 billion U.S. dollars to rescue the market, and this number is still rising urgently.

When it was time to plug the holes, they realized that there were so many holes and they were so big.

Feng Yu looked at the news on the Internet, and the corners of his mouth curled up. The subprime mortgage storm is coming, and the huge profits in the futures market will also arrive! (To be continued.)

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