“Boss, is there something wrong with this document?” Hu Jing asked curiously, seeing the mischievous smile on Huang He’s face.
She knew Huang He’s habits very well and understood that once their Boss Huang showed such a smile, it meant someone was definitely going to be in trouble, and would be utterly ruined by Boss Huang.
Right, after being Leng Zhiruo’s secretary for more than half a year, her current position was Vice Chairman of Jiangnan Group, managing the daily affairs of the entire Jiangnan Group board of directors. As for Boss Huang himself, he rarely appeared in the company and mostly stayed at home enjoying life.
Of course, Boss Huang’s control over the company had never diminished. With the development of the internet in China, Boss Huang could control all aspects of the company through his own network.
Naturally, daily affairs were still handled by Leng Zhiruo. He generally didn't interfere, only being responsible for the overall direction of the company.
The position of personal secretary had returned to Hu Jing. After giving birth and recuperating for more than half a year, Hu Jing had essentially regained her previous fit figure and state.
Hu Jing’s ability to take care of children was practically zero, so the child was looked after by three nannies and lived with Boss Huang. Both Boss Huang and Hu Jing could see the child at any time, so there was no need to worry about the reliability of the nannies or whether the child would be close to them.
At the same time, Hu Jing did not want her life to be consumed by her child. She felt more fulfilled when she was a personal secretary, so she returned to her secretarial post.
As for Leng Zhiruo, she was also no longer accustomed to the work of a secretary, which was like a dutiful wife. Moreover, after such a long period of getting along, she had basically accepted Hu Jing. After chatting with Hu Jing for a day and a night, she returned to manage the extensive affairs of Jiangnan Group.
Well, back to the point. Because she was so familiar with their Boss Huang, Hu Jing knew very well that someone was probably about to be tricked again.
“Little Jingjing, do you think I’m someone who only schemes against others?” Huang He sighed dramatically. “I swear to heaven, this time it has nothing to do with me, and I don’t intend to trick anyone. It’s just that some people are digging their own graves, and heaven is about to mete out their retribution. As an observer, I just find it amusing.”
“Who’s digging their own grave?” Hu Jing asked curiously. “Microsoft? Intel? Or Goldman Sachs?”
“None of them!” Huang He shook his head, then placed the magazine in his hand on the table. “It’s the entire United States!”
“The entire United States?” Hu Jing’s hands trembled slightly. The last time the entire United States dug its own grave was during the Great Depression, wasn’t it?
——————————
“Doctor, New Century Financial Company has issued a denial!” In a vacation villa, Dr. Cooper, who was enjoying the sunshine, was in a bad mood because he had also seen the news of New Century Financial Company’s denial.
“Heh heh, what’s the use of a denial? It’ll at most support them for a month. In February, they’ll still have to announce their fourth-quarter earnings. With their current bad debt ratio, their entire fourth quarter might lose three years’ worth of income!” Dr. Cooper said dismissively. His attention to New Century Financial Company, or rather to the entire real estate and financial industry, had begun long ago.
“Doctor, if New Century Financial Company announces its fourth-quarter earnings, it will likely awaken many financial institutions, making them start paying attention to the bad debt ratio of the entire subprime mortgage market. At that time, a financial crisis will be unavoidable!” The one speaking was Dr. Cooper’s good friend and a financial expert from Goldman Sachs, whose professional ability was far superior to Dr. Cooper’s.
“Yes, I think so too. After this crisis, the entire real estate market will likely be hit hard, and our investments in real estate will also be greatly affected!” Dr. Cooper sighed. “By the way, how much capital do we currently have in these subprime mortgage products? You’ve been studying these things all along, you should know better than me!”
“It’s about six hundred billion US dollars,” the advisor immediately replied without hesitation.
“That’s equivalent to an oo network!” Dr. Cooper chuckled. “Forget it, the real blow-up is still about a year away, no rush!”
“Doctor, this is no small matter, and I’m not joking. This time, there will be a huge crisis, and we absolutely cannot be so complacent!” The advisor became anxious and quickly advised loudly.
But Dr. Cooper still didn’t react. He continued to chat with his advisor and friend who was vacationing with him.
“How bad do you think this crisis will eventually get?” Dr. Cooper asked curiously.
“This…” The advisor hesitated for a moment, then said, “At least the entire real estate industry will be completely finished, and then it will spread to other aspects of the economy. I’m afraid we’ll experience the stock market crash of 2000 again!”
“No, I think the situation will be even worse!” Dr. Cooper said with a slight smile. “I believe this stock market crash will be at least five times more severe than in 2000. A large number of industries will collapse, many Americans will be financially ruined, many middle-class people will become homeless, and the entire US economy will regress by about three years!”
“It’s that bad!” The advisor exclaimed. “Doctor, since you’ve foreseen this situation, you should understand that we will also be victims of this crisis!”
“And our trouble is the biggest one among them. We currently have 600 billion US dollars in subprime mortgages. A large number of financial institutions in the United States are also the same, almost all entangled in the subprime mortgage vortex. These institutions are definitely doomed!”
“Even those that are not involved in subprime mortgages will be dragged down as other industries are affected, leading to serious losses. Then Wall Street will face huge losses and crises!”
“Roughly, yes!” Dr. Cooper nodded and then took a sip of his ruby-red wine.
“Sir, I think we need to convene a meeting of the entire industry, for larger institutions to unite and find ways to overcome this crisis together!” the advisor said.
“Are you dreaming?” Dr. Cooper looked at his advisor with amusement. “I’d rather believe that tomorrow is the end of the world than believe that Wall Street institutions will sit together and overcome a crisis that hasn’t even arrived yet!”
“And do you think I’m the only smart person in the world? Have no one in other institutions foreseen this crisis? In fact, as early as 2005, someone foresaw it, even saying that this crisis would begin to erupt in 2007. But unexpectedly, it was delayed until 2008.”
“We all saw the problems long ago. How could so many people be eager to buy subprime mortgages? In order to get more loans, those banks directly issued mortgages to people with needle marks all over their arms who didn’t even have jobs, expecting them to repay on time every month. Do you think that’s possible?”
“However, the bigger the crisis, the bigger the profit. We at Goldman Sachs have already made nearly two hundred billion US dollars in pure profit from subprime mortgages. And the latest batch of products will mature in another year. After maturity, they will bring us over 30 billion US dollars in profit. Therefore, we absolutely cannot leave the subprime mortgage market within a year.”
“We have to leave after another year, when we can safely withdraw with profits,” Dr. Cooper said with a slight smile. “Don’t worry, it won’t fully erupt for at least two years. A year is still worth waiting for us, so there’s no need to worry excessively!”
“Yes!” The advisor could only nod helplessly. Since the boss said so, what else could he say? After all, Goldman Sachs wouldn’t go bankrupt directly and wouldn’t even be able to pay salaries, right?
“However, we definitely can’t jump into the subprime mortgage pit again. We also need to invest in some emerging industries to improve our asset structure. Do you think the oo network’s stock price will continue to rise after the market opens tomorrow?” Dr. Cooper asked with a smile.
“It should be fine. A large amount of capital is buying shares of oo network. If I’m not mistaken, it’s probably because others have also smelled the crisis in the subprime mortgage market, so some private funds have started to run away in advance and, for risk aversion purposes, are buying shares of oo network!”
“Just as you have announced that you are withdrawing your shares from the subprime mortgage market, many institutions that have smelled the crisis will try to withdraw their funds in the next few days. And these funds always have to go somewhere, with some of them inevitably going to oo network. Therefore, I think oo network should continue to rise, and it’s not a problem for it to rise to around 65 US dollars!” The advisor thought for a moment and then said.
“What a lucky guy!” Dr. Cooper muttered. Dr. Cooper was clearly very unhappy that oo network’s stock price managed to rise to 65 US dollars, as it was completely contrary to his original plan.
However, since the situation had come to this, he could only accept reality and at the same time order his subordinates to continue acquiring shares of oo network.
At the same time, he further ordered that his newly established five-进制 program development companies should continue to operate, retain talent, and even allocate funds to expand these companies, create excellent Tianzhou terminal applications, and then use those achievements to exchange for the right to subscribe to oo network.
After all, being able to buy shares at a 10% discount to the market price, this 10% discount was equivalent to a 6 US dollar difference. Who could resist such temptation?
As a result, the next day, the stock price of 00 network continued to rise. As predicted by the advisor, it finally stabilized at 65 US dollars per share before entering a normal trend of fluctuating sideways.
Meanwhile, the entire China was in an uproar, because with the stabilization of the stock price, a new world’s richest man was born!