Volume 8 Final Chapter Chapter 1190 Post-Subprime Mortgage Layout
"Who knows? The Japs are pretty good at driving, and the others are not on the same level as him." Nan Yi said in a relaxed tone.
"Dad, you little devil, where is your nationalism?"
"My nationalism is too precious to be wasted on these people."
In Nan Yi's camera, the Japanese used the same trick again, overturned two racing cars, and then followed the three cars in the front without making any moves. Perhaps the three cars in the front had the same idea as the Japanese, and they also kept their speed and drove forward, occasionally colliding with each other, but they were reserved and did not put all their efforts into it.
Soon, four cars, two in front and two in the back, turned from Pok Fu Lam Road onto the Shek Pai curve. Unfortunately, when they got here, they entered the blind spot of Nan Yi and his companions, and could no longer see the subsequent drama.
There was nothing to watch here, so Nan Yi turned the camera and looked towards the Mazda. It had been a while, and only one of the three overturned cars had any movement, while the remaining two were lifeless.
Nan Ruoqi also noticed this and asked, "Dad, is the person dead?"
"Well, you can hum now."
"What song?"
“Good Luck Comes.”
"Dad, you seem to be gloating over other people's misfortune." Nan Ruoqi pouted.
"No, there is a car with a driver wearing red clothes. At this time, we can only pray for good luck."
"Zombie Taoist Priest? Yin Yang Road?"
"This place is remote, so the possibility of an old corpse from a mountain village is more likely."
"Is Chu beautiful?"
Nan Yi put down the telescope and scolded, "Young girl, watch less horror movies. Let's go. The roof of the car is flattened. It's not a rotten watermelon, but a sachima. Wanyi, do you have any activities later?"
"Uncle, no more."
"Well, I'll take you back first."
…
On Monday, Ai Jia arrived in Hong Kong and the planning meeting was held again. Several people went over all the information and intelligence obtained about Xiao Huang's system.
Qiu Xiaochi sneaked into the office of the Asian Online Casino and spent some time to find the computer that regularly downloaded data from the server, had a fixed LAN IP, but was often disconnected from the Internet. He found an Excel file in the computer that recorded the casino's transfer records.
In the transfer records, there are five records totaling 34 million US dollars, which probably belong to Huang Guomei.
Nan Yi also hinted at Ren Xia's husband Zheng Ming and Luo Qianqian, and found out that Huang Guomei had indeed come into the sight of several departments, and he was just a small character among those under investigation.
Nan's consistent strategy in the mainland is to follow the national trend, but try not to get involved with politicians. Cooperation between officials and businessmen seems to bring a lot of convenience, but nothing lasts forever. The convenience gained today must be paid back double tomorrow. The things behind Huang Guomei are too big, and there is no benefit in getting involved.
It was once again made clear at the meeting that the plan was simply to make a profit from Guangyu Electric's stocks, and that the matters behind the scenes would not be involved. Moreover, the main work would be carried out in Hong Kong, and the smaller the actions in the mainland, the better.
On Aija's side, TCS Consulting Company can sign a big contract with Jingxi Yiguo and solve Jingxi Yiguo's problems at the same time.
Soon, a new private equity fund C&S (Chiu&South) was established. Nan Yi contributed 20 million US dollars, Zhao Shixian contributed 50 million US dollars, and Nan Yi contributed 10 million US dollars each on behalf of Nan Youqiong, Nan Wuwei, and Nan Ruojin, raising a total of 100 million US dollars as start-up capital for Nan Ruoqi.
In order to treat everyone equally, Nan Yi planned to give each of the three adults a red envelope of 20 million yuan on Children's Day. After that, he would have to plan to replace planes for everyone else. This time, he would have to replace more than 20 planes, so he would have to spend a lot of money.
After the plan was arranged, Nan Yi flew to New York to attend a meeting of the Intelligence Committee on the subprime mortgage crisis.
The subprime mortgage crisis is no longer a forward-looking topic. In fact, it has already come, and many people know it is coming. Scarlett attended several meetings in New York and Washington, some organized by the Treasury Department, the Federal Reserve, and the New York Federal Reserve. All the meetings revolved around two themes: how serious the consequences of this crisis would be and how to deal with it.
Scarlett has become a heavyweight in the American financial world, and the Scarlett Fund has become a reserve force that is too big to fail. Bear Stearns, Lehman Brothers, and Morgan Stanley are all in danger. Whether to save them, who to save, and who to save them are all issues that are being discussed. The Scarlett Fund has been included in the ranks of firefighters, and when the fire gets bigger, it will definitely be asked to contribute.
You definitely have to put in some effort, and it depends on whether there are any benefits to be gained. If there are some, then put in a lot of effort, if there are none, then just show your appreciation.
The subprime mortgage crisis will definitely cause serious consequences. Almost everything related to finance will not be spared. The same goes for the Nan family. Although the Nan family is not involved in the subprime mortgage crisis, the impact is inevitable. Even if there is no direct impact, there will be indirect impact.
After the crisis, most people's spending power has declined. In the next two to three years, the revenue of a series of Nan's industries will decline, and the profits will naturally decline as well. Less profit means loss. This time, Nan's loss is certain and it has to find a way to make up for it.
“Adam Bank has just made a report that the size of global subprime mortgage bonds is now $700 billion, and the size of the global financial derivatives market is $415 trillion. The size of the derivatives market is already 8 to 10 times the global GDP.
When subprime assets become toxic assets, trillions of dollars of derivatives will be like a nuclear bomb about to explode..."
"According to information obtained from BNP Paribas, the bank's top management is discussing whether to disclose its huge losses in US subprime mortgage securities and announce the freezing of its three investment funds in the US subprime mortgage market."
"According to the news from the Weir Bank, the interbank lending rate in London has begun to rise, and the European interbank lending market is facing the sign of collapse."
"According to the news from Southland Bank, the bank is ready to hedge the mortgage products of Bank of Verein and Jardine Matheson Bank..."
“…”
“Like an invisible virus spreading through a population in a plague, financial crises begin when losses suffered by intermediaries in one opaque market raise concerns about liquidity and solvency elsewhere.
Infectious diseases are spread through close contact between people, pests and contaminated food. Similarly, financial crises are also transmitted from interconnected markets and institutions. When the subprime mortgage crisis breaks out, its impact will be transmitted to other markets and institutions, and will also spread from the Americas to Europe and Asia. The whole world will be affected.
Needless to say, the South has made a lot of preparations in advance. Once the crisis comes, it will be time for us to take advantage of the situation. "
"Although Japan's economy recovered in the 2000s, it has not yet recovered to pre-crash levels 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 fend off fierce competition from other East Asian countries, especially South Korea and China.
Many Japanese companies have begun replacing large parts of their workforce with temporary workers, who offer little job security and fewer benefits. These non-traditional employees now make up more than a third of the workforce.
For the wider Japanese workforce, wages have stagnated. After accounting for inflation, real wages have fallen by about 13% since they peaked in 1997. Household incomes are now close to
According to statistics from Teikoku Databank, a Japanese credit rating agency, total sales of all Japanese companies fell by 3.9% compared to 2000, or a decrease of 1384.82 billion yen.
The Japanese economy is still trying to recover from the 1991 financial crisis. It took Japan 12 years to recover its GDP to the level of 1995, and its per capita output also fell behind. In 1991, Japan's per capita real output was 14% higher than Australia's, but now its real output has fallen to 7% lower than Australia's.
During this 16-year period, the Japanese economy was surpassed not only in total output but also in labor efficiency, both of which it had previously led the world in.
In response to chronic deflation and low growth, Japan has been running increasingly large fiscal deficits as it has attempted to stimulate its economy since 1991. These stimulus measures have had at best a vague impact on the Japanese economy, but have contributed to the government's massive debt burden.
According to the 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, making it the highest among all countries. The huge debt scale makes the country's financial health worrying. "
"The prosperity of the temporary labor market in Japan is a boon to Ikeda Company. The business of Ikeda Trainee Dispatching Company in Japan has also increased in the past two years. I suggest that Ikeda Trainee Dispatching Company enter the preparation period for listing..."
“The year 2000 can be regarded as a watershed in the development of Japan’s service trade. In 1999, Japan’s service trade imports and exports hit a low point, with both exports and imports falling by more than 10%, 15.2% and 10.5% respectively. In 2000, exports turned from falling to rising, with an increase of 7.3%. Although imports were still falling, the decline was 6.9 percentage points lower than the previous year.
Since 2001, both exports and imports have shown a wave-like upward trend, reaching a peak in 2004. From 2000 to the present, the average annual growth rates of Japan's service exports and imports were 10.4% and 4.4% respectively, with exports growing significantly faster than imports, and the trade deficit has generally been shrinking.
In 1998, Japan's service trade deficit reached 6.15 trillion yen. In the following years, except for a slight increase in 2001 and 2004, the service trade deficit in other years decreased to varying degrees compared with the previous year, with the year-on-year decline in 2005 approaching 30%. This year, Japan's service trade deficit may drop to 1.8 trillion yen, a 70% drop from 1998...
Tourism is the largest deficit industry in Japan's service trade, and it has been in deficit for many years, but the deficit has been declining in recent years . From 1998 to 2006, Japan's tourism import and export deficit dropped from 3.27 trillion yen to 1.53 trillion yen, a drop of more than 50%.
Both tourism imports and exports have declined significantly. After reaching a peak in 2004, Japan's tourism imports have declined significantly last year and this year. Last year's decline was 24.4%, and this year's decline will definitely exceed that of last year.
Despite this, Japan's tourism industry still has a good prospect, because the number of Chinese tourists to Japan is increasing year by year, and according to a report from the Huaiqing Research Institute, female tourists tend to spend a lot of money in department stores while in Japan. We at Nanshi can consider increasing our investment in the tourism industry in Japan."
"South Korea is the world's ninth largest energy consumer, but due to its lack of natural resources, 97% of its energy consumption depends on imports. In the past few years, South Korea's imports of liquefied natural gas, coal, and crude oil have increased year by year. In order to ensure its own energy supply, South Korea actively seeks energy supply and production overseas, and at the same time has built large world-class refineries in the country.
Among the world's top ten oil refineries, South Korea accounts for three. South Korea's energy consumption is mainly crude oil, coal, natural gas and nuclear energy. Among energy consumption, crude oil accounts for 41%, coal 28%, natural gas 17%, nuclear energy 12%, and renewable energy 1%.
93% of South Korea's electricity is supplied by Korea Electric Power Corporation, mainly thermal power and nuclear power. The South Korean government owns 51% of Korea Electric Power Corporation's shares. South Korea attaches great importance to the development of nuclear energy and is the world's fifth largest nuclear power producer.
In order to reduce its dependence on conventional energy, South Korea has attached importance to the development of new and renewable energy since the 1980s.
In 1987, the South Korean National Assembly enacted the "New Energy and Renewable Energy Development Promotion Act", and the South Korean government has formulated the "New Energy and Renewable Energy Basic Plan" for every 10 years of development. However, South Korea's research on new energy and renewable energy started late, and new energy and renewable energy cannot compete with other conventional energy sources in the market.
To this end, the South Korean government provides economic and policy support for the development of new and renewable energy. For demonstration projects with market potential, the government subsidizes up to 80% of the installation costs.
This year, South Korea subsidized more than 3,000 households with solar cell roofs with $23.597 million in the "100,000 Solar Roofs Plan". We have been involved in energy for more than 20 years and have many patents and industries in the solar energy field. I think we should strengthen our deployment in the solar energy field in the next step, especially in Asia, China, South Korea, etc.
"According to the growth rate of China's economy, China is expected to surpass Germany to become the world's third largest economy next year, and is expected to surpass Japan to become the world's second largest economy in five years or less.
China is an economic hotspot. We should increase our investment in China. I mean absolute foreign investment, not our previous layout in China...
China and the United States are the two major economies in the world today. The nature of their relationship has a profound impact on the smooth operation of the global trade and financial system. Through the flow of goods, financial capital and people, the two economies are gradually integrating.
These growing ties now, of course, extend far beyond trade and finance to issues of geopolitics and global security. It is therefore important to keep this relationship on the right track…
What seems contradictory is that the subprime mortgage crisis may bring the two major economies closer together.
In the short term, China needs export growth to maintain job creation and maintain social stability. By exporting goods to the United States and other developed markets, China continues to run a current account surplus, leaving it with little choice but to use its accumulated reserves to buy U.S. Treasuries while maintaining currency controls.
The United States needs willing buyers of its Treasury bonds to cover its budget deficit, which is certain to increase due to the upcoming bailouts and fiscal stimulus.
This relationship undoubtedly has some unhealthy aspects, leading to some tensions between the two countries, with each side seeing the other as gaining an imbalanced advantage. Indeed, these tensions are likely to be exacerbated during these difficult times in the world economy, with financial markets and economic activity around the world declining, and economies increasingly retreating to protect and insulate themselves as the aftermath of the crisis reverberates around the globe…”
This meeting was a group meeting of the Information and Planning Committee. There were many participants. Everyone spoke about their areas of expertise and familiarity. The scope of the discussion was very wide and there were debates. The meeting lasted a long time, lasting two days in a villa at the foot of the mountain in Lengquan Town.
Before the subprime mortgage crisis became a topic of conversation among ordinary investors, Nan had already held an expanded meeting on the crisis for the third time. This meeting was mainly focused on Nan's investment strategy for the next five to six years in the post-subprime mortgage crisis era.
As soon as the meeting ended, the Intelligence and Strategy Committee became extremely busy again. Various instructions were issued to its subsidiaries in various countries, and various plans began to be implemented.
After the meeting, Nan Yi did not rush to leave New York. He accompanied Scarlett, who was not too busy, to play at sea for a few days. He had not spent much time with Scarlett in these years, and he would definitely make up for it when he had the chance.
When Nan Yi returned to the capital, it was already Saturday morning. He went back to the old villa to wash up, and then hurried to school for class.
