Reborn Capital Madman
Chapter 1224 American Banking Crisis
After rolling in the "river world" for so many years, Gao Xian calmly sorted out the places where he could be attacked. It was not difficult, and even had traces to follow everywhere, from "personal style", such as the previous leading position in the securities industry in Xiangjiang before, the reform of the securities industry in Xiangjiang was the leader.
The London Ritz Hotel Banquet Storm in the battle for power was attempting to destroy Gao Xian's reputation as a public office; as far as the transfer of interests, such as Ye Licheng, the boss who had been following Gao Xian, was invited to the Independent Commission Against Corruption for tea.
, attempting to discover Gao Xian's handle of using power for personal gain; even to the level of justice, the relationship with a party that was also surrounded and blocked by open fire. For example, Ping An, the most popular next generation of the Gao family, encounters him from time to time.
A bumpy attempt to force Gao Qian into the corner in a roundabout way.
Similarly, after rolling in the "river world" for so many years, Gao Xian still stands tall and naturally has a meticulous defense mechanism. In Gao Xian's view, the most fundamental principle is to simplify the complex and precise.
Capture the general trend and step on the right drumbeat of the times, and the world will work together when the times come. Otherwise, the heroes will not be free. Walking this morning, the right foot will be an excuse for strife.
This time I went to Washington, it was a way to accurately capture the general trend.
As for the replacement of the Hong Kong Governor Wei Yixin, it is not a general trend. The demand for the Hong Kong Governor has changed from a diplomat to a politician, while Gao Xian has some ideas about this, and people are emotional.
Yi Xin has a short time left the position of the Governor of Hong Kong. Maybe he can use this gap to do some work.
Of course, you have to wait until you return to Xiangjiang before waiting for an opportunity. Don’t be in a hurry, and handle the transactions in front of you first.
At the Peanut Stew National Airport, Gao Xian soon met Greenspan who came to greet her. As the other party's Fed chairman, even if she came to pick up her old friends in private, it would inevitably surprise outsiders, but in Greenspan
The chairman of the US Economic Advisory Committee has stepped down. During the "decade of confusion" between the chairman of the Federal Reserve, Gao Xian's relationship with the two was well managed, so that Greenspan himself regarded it as coming to welcome Gao Xian himself.
Taken for granted.
"I heard that the Xiangjiang Global Financial Leaders Investment Summit was very successful, widely recognized by international financial institutions, and will become a permanent meeting every year in the future." Greenspan congratulated Gao Xian on the achievements in building his circle of friends.
Gao Xian also gave a condolence to Greenspan, "The relationship with the White House has become increasingly tense recently, so the pressure must be very high."
Greenspan couldn't help but snorted suspiciously, "It's okay, the Federal Reserve system is independent of the main palace, I only take responsibility for Congress."
From the macro-control actions of the central bank president, Greenspan has mainly loosened first and then tightened since he took office as the Federal Reserve in 1987.
After the global stock market crash broke out on Black Monday in 1987, Greenspan decisively cut interest rates, providing market liquidity, and saving the stock market. It naturally won praise from all aspects including Wall Street and the White House, but after the stock market crisis was lifted, Greens
Pan's attitude made a 180-degree turn and began to tighten monetary policy. Now the federal benchmark interest rate has reached 9.75%, about three higher than before the global stock market crash on Black Monday, 1987.
One percentage point.
You should know that in general, people often hear that the unit of adjustment amplitude is the basis point, that is, one ten thousandth of a thousandth of a percent, zero point zero one.
As for this kind of loosening and tightening monetary policy effect, it is really hard to say. In the early 1990s, the economic recession of major global capitalist markets and the regulation of the Federal Reserve, who is the cause and who is the result.
Even if a central bank pierces a stock market bubble, it is hard to say whether it is really active or affected by the Federal Reserve's regulation, it is necessary to be passive.
Greenspan's tightening of monetary policy naturally suppressed various indicators of US economic development, making Lao Bushu, who was sitting in the position of US president, very annoyed because he took on a mess.
A major policy feature of Regen's official period was low taxes, but the Star Wars plan was also launched. Regardless of whether it was fooling the Soviet Union or not, the objective expenditure increased sharply, resulting in a huge fiscal deficit in the federal government. As the successor, Bushu,
Economic development must be used to fill the holes.
What's more, next year is the year of the general election, and Bushu is still thinking about re-election, but the Federal Reserve does not cooperate with it to stimulate the economy and attract votes. It would be strange if he feels happy.
Gao Xian can understand Greenspan's current difficulties. The Federal Reserve really dares not say that it will simply cut interest rates, but it is because of the superficial prosperity of Legan's official period, which left a mess.
The US capital market in the 1980s was often associated with a label, that is, junk bonds. Bonds with extremely low credit ratings mean extremely high business risks, so this uncontrollable speculative lending caused
The US banking crisis in front of us.
International banks of the level of Chase Bank all ask Gao Xian for "financial skills", which shows the impact of the US banking crisis, and even Wall Street bosses cannot escape.
It should be pointed out that the number of banks in Xiangjiang can be described as "there are as numerous as the river" and there are countless banks in the United States.
In addition to the well-known Wall Street giants such as JP JP, Chase, Citi, etc., the United States also has large and small commercial banks such as Ocean Milan Bank, which are wholly acquired by Huifeng Bank, and also have savings and credit banks.
policy bank.
During this US banking crisis, savings and credit banks were completely systematically played, with an estimated loss of between 500 billion US dollars and 1 trillion US dollars; while commercial banks of all sizes have hundreds of them every year
The speed of the fall, for example, the first year of Lao Bushu's term of office collapsed 206 companies; the second year of Lao Bushu's term of office collapsed 159 companies; the final data of this year has not yet been
According to statistics, there are definitely hundreds of companies, and their momentum is still unabated. It is about to set a record of the largest number of bank bank failures in a financial crisis.
In this situation where uncontrollable speculative lending caused a bank crisis, Greenspan, the president of the US central bank, still worked hard to provide liquidity, reduce the proportion of bank reserves, and took out about 120.
A billion US dollars in emergency relief, but the results were minimal.
Gao Xian revealed some mystery in a joke, "You don't need to worry too much about this banking crisis. As long as the international institutions on Wall Street have not fallen, even if they are not a real crisis, they may be happy.
I saw those bankrupt banks cleared from the financial system and made room for markets.”
Greenspan smiled and didn't answer.
Gao Xian asked casually: "By the way, it won't be too difficult to acquire those bankrupt bank assets, right?"
"There is a special agency called a repayment trust company that is dealing with these messy stalls. It should not be too difficult for American local banks to deal with it." Greenspan's implication is that Wall Street should also pay attention to its food appearance and leave some
Share.
Gao Xian nodded, "Then I will let Huifeng Bank Group's Ocean Milan Bank try it out, and while helping to resolve this banking crisis, I will take the opportunity to expand my business network."
"So that's what you plan." Greenspan suddenly realized, "I'm just saying that Gao Yi America is mainly engaged in the investment banking field, and it is not possible to break through the firewall between commercial banks and investment banks at present."
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