1991 Starting from the core

Chapter 954 Subprime Crisis

Compared with the previous life, today's western development has come much earlier. And because of the early commercialization of lithium-ion batteries, the mainland, as the main technology and industrial base of lithium batteries, began to deploy the raw material lithium as early as eight years ago. .

Six years ago, Suoxin also embarked on the road of industrial chain integration, actively investing in and integrating upstream lithium salt companies. Now from Qaidam to TLF, the horse race has been completed long ago.

If you want to say that the opening of mines and factories has nothing to do with revitalizing the local economy, that's definitely not true. But if you want to say that it has a very close relationship... then of course it's out of the question.

But what if the number of factories and mines increases and employees are localized?

In both rounds of five-year plans, it was clearly stated that we should continue to increase the intensity of the development of the western region. In addition to infrastructure such as roads and railways that are undertaken by the state, guiding preferential policies are also given to enterprises that can adapt to local conditions. Extremely gratifying. As for Yuanxin, as Su Yuanshan said, as a large enterprise entrenched in the west, it must shoulder its due responsibilities.

But as a company, Yuanxin cannot go to the local government and say: "The boss asked me to help the poor, and I will give some money to the people, right?"

So Yuanxin took Suoxin's full involvement in the clean energy industry as an opportunity to actively participate in the development and support of the western region, especially in certain places.

Su Yuanshan knew that in addition to being relatively backward, these places also had greater challenges. (To be more detailed, the book will be gone)

But Su Yuanshan firmly believes that the truth is the greatest power, and he will not give any chance to some groups and media who are accustomed to spreading rumors.

Su Yuanshan then asked Gong Dejia about Haishi's future plans. When he learned that Gong Dejia proposed the development direction of big data and intelligent networks, Su Yuanshan greatly appreciated it and thought about it with him in a centralized full video coverage environment. future world.

“In the future world, in addition to ubiquitous outdoor Skynets, there will definitely be indoor Skynets delivered to medical, elderly care, health and other departments—for example, to solve the problem of elderly people living alone, or in other words, how to complete any random tasks in an intelligent world. Calling on-call public services? Of course there is only one answer, which is indoor Skynet.”

"In addition, drones and ground robots will definitely be the main work equipment of the public affairs department... In this way, the operation of the entire society will be visualized. Then, the entire network must be taken into account, in addition to intelligence and Centralization, no alternative.”

Zhu Yuanxin interrupted Su Yuanshan's thoughts: "Mr. Shan, this may involve privacy issues, right?"

Su Yuanshan laughed: "It's more than just involvement... This is purely intervention, even depriving privacy, okay?"

Zhu Yuanxin: "..."

"But if technology develops to the point where even elderly people living alone can achieve a relatively good quality of life, and your only worry is sudden illness and external invasion... what will you do?"

"Not to mention that you can provide centralized care for the elderly. We all know that nursing homes also squeeze and deprive your privacy. Even compared to a centralized system, your privacy will be in the hands of others..."

Su Yuanshan looked at Zhu Yuanxin with a smile: "Suppose you are now 70 or 80 years old, have a certain ability to take care of yourself, and have robots at home to help with work. Would you rather install a centralized smart camera at home, or live in a nursing home?"

Zhu Yuanxin: "Well... for a homebody like me, of course I should stay at home."

"No, that's it." Su Yuanshan spread his hands: "Don't think that this society is far away from us. In my opinion, such a society will arrive in less than fifty years. We are working hard to develop technology now, and it will just reach us. The one I used when I got old - when you feel a little uncomfortable, just shout into the air, and the intelligent processing system will respond immediately, and then professionals will intervene. It's better than you holding on, right? Or maybe you accidentally fall You fell down, but the intelligent camera immediately judged your status and intervened..."

Gong Dejia squinted his eyes and thought for a while, shook his head and sighed: "To realize this, I don't know how far artificial intelligence needs to go."

"Anyway, let's take it one step at a time. But it is undeniable that this is a trend. And even if it has not reached this point, video surveillance can also be installed in the home... Is it okay for the son who is away from home to install a few for his elderly parents? No Isn’t it nice to be able to prevent thieves, but be able to see how your parents are doing through your mobile phone anytime and anywhere?”

"I won't talk about public sector equipment such as drones and ground robots. Intelligent processing of video must be their first element."

Su Yuanshan waved his hand: "I strongly support you to continue. Don't forget, we are the best in intelligent video processing."

"Well, so I would also like to ask you to tell Mr. Xi... if you can support our big boss group."

"It depends on the big boss's own wishes. But if it's just about severing the work relationship and keeping the same place, it should be fine."

After dinner, Su Yuanshan received Wang Dongsheng in the office after hearing the news.

Of course, Wang Dongsheng had nothing special to do. He came here just to chat with Su Yuanshan. Let’s take a breather and see if there are any special proposals at the next executive board meeting.

After this back and forth, when Su Yuanshan went to bed and was about to read a paper and rest, it was already close to midnight.

Then, the phone's ringtone suddenly rang.

On the phone, Qin Si's voice was very cautious.

"Just today, the housing market, which had been falling sideways for several months, suddenly became unsustainable."

Upon hearing this, Su Yuanshan immediately sat up: "What should I say? This thing is not the stock market. Why can't you suddenly lose your temper?"

"After the Federal Reserve announced a rate hike yesterday, it seemed that within a day, the entire market reached a consensus...or in other words, everyone woke up at the same moment."

Su Yuanshan took a deep breath.

Frankly speaking, with the emergence of Yuanxin in such a large scale, and with the rise of domestic semiconductor, Internet and IT companies such a large influence - you know, the domestic GDP last year has exceeded 30 trillion yuan. ——This is the level of 2008 in history! Yuanxin alone has contributed more than one trillion yuan to domestic GDP.

Not to mention the rise of the Internet industry in Southeast Asia and Europe, which is also squeezing the living space of Wall Street capital.

And such a strong butterfly effect only advanced the subprime mortgage crisis by one year...

This can only be said that Lao Mei's family background is indeed rich and can be called a bloody cow.

"Yes, in fact, they should have woken up a long time ago. Last year, those mortgage lenders even targeted African immigrants... This is just fucking life-threatening."

Qin Si hummed softly: "Anyway, if someone takes over, they don't care."

The reason why subprime loans can be sold to you regardless of whether they are people or ghosts, as long as you are willing to buy the house, is essentially a pure trick of spreading the word - sell the house, sell it to the subprime mortgage, the owner cuts off the payment, repossesses the house, and continues to sell the house.

In this great cycle, as long as the house keeps rising and can be sold, even if the subprime mortgage institution encountered a cutoff last month, there will be no pressure at all. Anyway, the house can be sold and its value will increase.

But due to various factors...or, well-known reasons, housing prices in the United States cannot rise, and more people have cut off their mortgage payments.

what to do?

Of course it can only be served cold.

"Well, just pay close attention. Let's not get into this muddy water yet...and this is just the beginning." After a pause, Su Yuanshan smiled softly: "Actually, have you discovered that the subprime mortgage behavior is actually actually It’s the confidence in the American economy... Some people, if they are too confident, will naturally shoot stones in their feet.”

"Yes, I know." Qin Si chuckled: "And even if we want to go, we may not have a chance... We in the investment community also say that in the banking field, Washington is actually very cautious."

"That's not necessarily true. In an economic crisis, the rich are the boss. I now have hundreds of billions of dollars in my hands, and everyone has to weigh them..."

Qin Si laughed: "With all due respect, hundreds of billions of dollars are really useless in a chain reaction of this level."

"Well... we are a cluster of physical enterprises! And don't forget, Yuanxin has essentially completed its self-circulation. Unless the whole world and the entire industry targets us and everyone returns to the pre-information age, otherwise... Yuanxin You are the money printing machine!”

Su Yuanshan sat on the bedside, smiling extremely arrogantly and comfortably: "Now you can have a good sleep."

"You..." Qin Si sighed helplessly on the phone: "Then you can rest, I have to meet a few guests. We can't completely stay out of this matter."

"Well, go ahead, go ahead."

After hanging up the phone, Su Yuanshan threw the tablet away and took a long breath.

As he said, it was indeed time to have a good night's sleep.

He still cannot predict the extent of the subprime mortgage crisis this time, but at the very least, the United States will not be able to spare its hands to deal with Yuanxin for the time being.

——No matter how shameless you are, you can't ask for domestic help while fighting against Yuanxin, right?

Do you really think those uncles above are clay dolls?

*

*

In a game of drumming and passing flowers, once the consensus is broken, a chain reaction will soon occur.

In the coming months, the first to be hit were naturally those lenders involved in subprime mortgage lending. From the day Qin Si said that "the consensus was broken," many subprime mortgage companies suffered serious losses and were even forced to file for bankruptcy protection, including New Century Financial, the second largest subprime mortgage lender in the United States. company.

As we all know, due to the pervasive nature of capital, lending institutions usually package subprime mortgage loan contracts into financial investment products and sell them to investment funds.

Therefore, as the crisis in the subprime mortgage market intensified, some investment funds that bought such investment products began to panic. But not everyone is panic...

After all, some people have already left early.

In early September, Morgan Stanley CEO Mike once again came to the provincial capital.

In Su Yuanshan's office, Mike looked at Su Yuanshan with a very complicated expression. It wasn't until Su Yuanshan looked a little fussy that he sighed quietly.

"Su, can you answer my question?"

"Say it." Su Yuanshan happily pushed the tea cup towards Mike, crossed his legs, and looked at this "hero of Wall Street" who had become increasingly prosperous with interest.

Yes, because he led Morgan Stanley to bravely avoid three huge pitfalls in succession - the first was the Russian debt default, the second was the Internet bubble, and the third was subprime mortgages - Mike has been hailed by Wall Street as the Capitalist. The greatest banker of the century.

The reason why Wall Street can make such big claims is, of course, that this century has only passed less than ten years ago.

It doesn't matter if Mike takes this title.

"What do you hope to gain from Dalmore?"

Mike picked up the tea cup, then put it down, and looked at Su Yuanshan seriously: "I know, you have many sayings, such as not getting up early without profit, pie in the sky will not fall, and being courteous for nothing..."

Listening to Mike's translation, even though Su Yuanshan's English proficiency was so good that he was almost catching up with his native language, he almost didn't catch his breath.

"Stop, stop, stop..." He waved his hands one after another.

Sure enough, Mike stopped and looked at him squarely.

There is no doubt that what he just said was the greatest recognition of gratitude to Su Yuanshan.

"I remember I said before that I hope to establish a friendship with Morgan Stanley - this kind of friendship is not only between companies and companies, between capital and capital, but also between individuals." Su Yuanshan took a sip again He took a sip of tea and looked at Mike with a smile: "I know, conspiracy theories are very popular now."

"If I have to talk about conspiracy theories, that is, I hope... when Yuanxin is facing pressure and unfair treatment, you can come out and say something fair for me - just like, I have been sparing no effort to There’s a push for you and for Wall Street as a whole to get into domestic markets as well as the financial sector.”

Mike took a deep breath and said solemnly: "If there is such an opportunity, I will naturally express my position."

Su Yuanshan smiled and shook his head: "Mike, what should I say...there is no one else here. My secretary is not here either, and my door...is also very soundproof."

"Although it has always been said that capital has no national borders. But in fact, we all know that... whether it is an enterprise or a capital, there are really no national boundaries... That is unrealistic."

Mike nodded: "Yes - for example, we have never been able to get fair treatment from your side."

Su Yuanshan chuckled: "So I am working hard for you - this is also my attitude, that is, no matter how capital is affected, we must work hard and believe that capital should not have national boundaries."

"Similarly, the same goes for technology."

Su Yuanshan looked at Mike: "But past experience tells me that your side... is actually not necessarily tolerant - not to mention, even last year, you still wanted to mess with me."

“Therefore, I also need friends, and I also need friends who can speak for me from the standpoint of capital without borders.”

"And I believe that this friendship can be established. It's not that complicated, it's that simple."

After Su Yuanshan said it sincerely, he asked with a smile: "If you are satisfied with this answer, then I have a problem."

"You ask."

“What can we gain from this crisis?”

Su Yuanshan said, pointing at him and then at himself.

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