novelslam Chapter 155: The Global Financial Crisis Begins, Hundreds Of Billionaires Shen Fei! (2, Ask For Auto
Chapter 155: The Global Financial Crisis Begins, Hundreds Of Billionaires Shen Fei! (2, Ask For Auto
Cai Yunong is undoubtedly a good boss.
There is no doubt about this.
In fact, when some entertainers from Tang Ren Film and Television of the later generations were interviewed, they were all full of praise when they talked about Cai Yunong.
But it's a pity that she suffered some injuries because of emotional matters. After getting married, she simply put her mind on family life, so she naturally neglected the management of the company.
This also made Tang Ren Film and Television, from the top entertainment company in China, finally disappeared from everyone.
Shen Fei has a good impression of her, but there is no way, the shopping mall is like a battlefield, and if Wanli Film and Television wants to rise, it must step on a lot of opponents.
Tang Ren Film and Television is also one of them, there is no doubt about it.
But then again.
It will take some time for Tang Ren's film and television to decline, and Shen Fei didn't pay more attention.
What he cares more about is the affairs of the United States.
as expected.
At one o'clock in the morning on September 15, Lehman Brothers, with debts exceeding US$610 billion, officially declared bankruptcy.
When the news came out, there was an uproar if he didn't come to paint.
The stock market fell in response.
This time, people finally realized that the subprime mortgage crisis is not over at all, and the financial tsunami is coming!
"You guy, you are really betting right! How about it, should we short the US stock market?"
Lin Yuan excitedly said to Shen Fei on the phone.
obviously.
For Shen Fei's judgment, he was really shocked.
Shen Fei smiled, and said lightly: "Don't worry about 02 so much, I advise you not to do anything at this time, otherwise the unlucky ones must be us."
????
????
Lin Yuan was stunned for a moment, apparently not understanding what Shen Fei meant.
Shen Fei sighed and explained to him why Lehman Brothers was in such a miserable situation this time.
Time goes back to mid-March this year, the day after Bear Stearns announced that it was acquired, Lehman Brothers announced its first-quarter financial report.
Affected by the credit market, Lehman Brothers' net income fell 57 percent year-on-year in the quarter, and its stock price fell by one-fifth. About US$2.8 billion in wealth evaporated overnight.
Fuld, then CEO of Lehman Brothers, believed that if he wanted to avoid repeating the old path of Bear Stearns, he must take decisive measures to save himself.
Specifically, the immediate priority is to stabilize investor confidence.
Although Lehman Brothers at that time was unable to make ends meet due to a large number of bad debts in the subprime mortgage market, as a century-old brand, it still had a considerable foundation to maintain its daily turnover, and the money became a tactic for it to maneuver around.
Starting from April Fool's Day, Fuld announced a special stock issuance plan worth four billion dollars. By the end of the month, Lehman's stock price had risen to forty-five dollars per share.
However, laymen watching the excitement and experts looking at the doorway, Fuld's wild actions have deceived ordinary retail investors, but not industry elites.
On June 9, S&P Fitch downgraded the credit rating of Lehman Brothers, and the external credit rating agencies first began to cut business with Lehman.
Immediately afterwards, Pacific Investment Management Corporation announced that it would stop doing business with Lehman Brothers.
During this period, the terrorists began to send inspectors to Lehman Brothers to investigate the real situation of the funding gap.
There are indications that Lehman Brothers will not last this summer.
On the bright side, Lehman Brothers lost 2.8 billion U.S. dollars in the second quarter, but in the book "Courage to Act" by then Federal Reserve Chairman Bernanke, he announced that Lehman's real funding gap was 8.4 billion. One hundred million U.S. dollars.
Paper, after all, is indestructible.
Fuld, the actual head of Lehman Brothers, knew very well that if he did not look for investment, Lehman would be doomed for a century.
He first thought of his counterparts in the domestic financial industry, so Buffett, the stock god, naturally became the first person Lehman Brothers turned to for help. According to Buffett's quotation, he will invest about US$5 billion in preferred shares with a profit rate of 9 percent and full-price stock options for US$40.
This amount of money may not seem much, but it can bring enough market confidence to Lehman, but it is a pity that Fuld rejected the investment, because the stock price of Lehman was still around 40 US dollars at that time. He believes that Lehman has not reached the day when it needs to cut its flesh.
Now that there is no hope in the country, Fuld turned his attention to the international market.
He looked for investors in Korea, but unfortunately, the Koreans only wanted to take advantage of it and did not intend to accept the non-performing assets of Lehman Brothers, so the negotiations broke down again.
And the day when the negotiations broke down was early May.
Along with the news that the negotiations between Lehman Brothers and Koryo Industrial Bank broke down, Lehman's stock price once again ushered in a sharp drop.
At this time, their share price was less than $4.30 per share.
The fire has reached the eyebrows, and the eyes of capital all over the world are looking at the minefield.
After that, there was the acquisition of Barclays Bank, but unfortunately it also failed.
finally.
That capital group that has dominated the situation for many years has finally gone bankrupt!
As soon as the news came out, Lehman's stock price finally collapsed across the board, and the price per share was less than 0.2 US dollars, making it an out-and-out penny stock.
This is the largest bank bankruptcy case in the history of the United States, but the butterfly effect has just begun. In just one day, the Dow Jones Index plummeted by 500 points, setting a seven-year record for a single-day decline.
Subsequently, capital markets around the world were in a state of chaos.
The collapse of Lehman Brothers finally tore off the last fig leaf of the subprime mortgage crisis.
"You mean, there are still problems here?"
Lin Yuan asked strangely after listening to Shen Fei's words.
Shen Fei nodded: "Of course."
To know.
This unprecedented financial tsunami ultimately resulted in the evaporation of 10 trillion U.S. dollars of wealth, 30 million people lost their jobs, and all places with people on the five continents and seven oceans of the world suffered massive losses.
"But the official statement of the United States is that it believes that its financial capacity cannot afford Lehman Brothers' bad debts, and the government also needs a target to tell the financial capital of the United States that the federal government has no obligation to rescue them."
Lin Yuan gave the answer from the United States.
obviously.
Although he believed that the Americans were talking nonsense, he still felt that it made some sense.
Shen Fei sneered: "How is that possible? Do you really think those capitalists would be so kind? Let me tell you, Wall Street is working together to kill pigs and short Lehman Brothers."
hiss!
Hearing Shen Fei's words, Lin Yuan took a breath of air and was dumbfounded.
He really didn't expect that Shen Fei would think so.
In fact, Shen Fei is not talking nonsense, but this is very possible.
You must know that Fuld, the CEO of Lehman Brothers, is an arrogant and conceited person. Everyone inside the company and peers privately refers to him as a gorilla, which shows that he has made countless enemies in the industry.
in addition.
In March this year, the American Fortune magazine released news that financial giants led by Goldman Sachs Capital were manipulating the stock price of Lehman Brothers. The direct evidence was a leaked customer email, which clearly stated that Goldman Sachs was divesting from Lehman Brothers. .
Also, after the collapse of Lehman Brothers, international capital quickly divided up its legacy. Among them, Goldman Sachs ranked first with a huge profit of 4 billion US dollars. If Goldman Sachs had not made any preliminary preparations, it would have been impossible for him to complete the snake swallowing elephant in such a short period of time.
Therefore, there are various signs that the collapse of Lehman Brothers was probably a premeditated and prepared financial war.
Among them, the U.S. government set the stage and Wall Street capital contributed as the host. Under the background of the "subprime mortgage crisis", a pig-killing operation was completed against the brothers.
The only fly in the ointment is that the impact of the subprime mortgage crisis caused by Lehman eventually exceeded their control. In the next three years, the world economy will spend its time in a haze.
certainly.
This has nothing to do with the US$500 million Shen Fei earns every month.
As long as the U.S. stock market continues to plummet like this, Shen Fei can earn at least more than five billion US dollars.
to be honest.
This number is enough to take his current assets to a higher level and make him a rich man with assets of hundreds of billions.
so.
Shen Fei is actually very happy about this matter from a certain perspective.
certainly.
The financial crisis will definitely have a great impact on the country.
"I'm convinced by you guy."
Lin Yuan, after listening to Shen Fei's analysis, understood what he meant.
Obviously, Shen Fei is worried that if Wanli Investment is involved, it will be noticed by the Wall Street consortium.
"But if you want to try it, you can actually do it."
Shen Fei thought for a while and said slowly: "You can short futures, but don't open the leverage too high. The lowest multiple is enough. Let's follow Goldman Sachs and Morgan and earn a little bit."
He smiled and said to Lin Yuan: "After all, they eat meat, so if we drink some soup, they won't mind."
"I think it's okay."
Lin Yuan naturally agreed very much with Shen Fei's proposal.
Seeing Shen Fei making billions of dollars, although there is no such emotion as envy or hatred, it is naturally impossible to say that he is not envious at all.
But Lin Yuan also knew that Shen Fei dared to do this because this guy was really brave.
How many ordinary people would dare to gamble 600 million US dollars like Shen Fei?
If Lehman Brothers had not exploded and the entire American financial market was still booming, wouldn't it mean that billions would have been lost?
so.
The saying that as bold as a person is, as productive as the land is, sometimes it still makes sense.
Shen Fei naturally didn't know what Lin Yuan was thinking. If he knew, he would definitely be quite speechless.
He was not gambling, it was only because he knew what would happen in the future that he dared to do so.
If Shen Fei were to make his own judgment, he would not dare to take such a risk.
Are you kidding me? That’s nearly 5 billion yuan!
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