Chapter 417 Winter is coming
“…can you be sure?”
Lima looked at Andy with a little curious look in her eyes. She obviously felt that her little man was a little excited. No, to be precise, she was a little excited.
This was the first time she saw Andy in this state of expression. She was completely different from the excitement of lying on herself. She was more of the light of wisdom and her spirit was full of energy.
"Boss, after HSBC announced that North America's housing loan mortgage business suffered huge losses and reduced its related assets by $10.8 billion, a real estate loan company in Florida in New Oasis announced bankruptcy. Just now, the boss, the first domino has fallen..."
There were blue veins on the back of Andy's hand holding the phone, and a scorching light radiated in his eyes. He stood up from the recliner, ignored Lima's curious expression, lowered his head and paced back and forth by the swimming pool, and said in a cold voice: "What else is there?"
"There is news that the Fed will make its 17th rate hike in the next few days...
Data released by the National Real Estate Association on March 25 showed that in February and March this year, the sales of existing houses in the United States fell to the lowest point since 2003, and the unsold houses on the market reached 4.2 million, setting a record high in 15 years...
A recent report released by Lehman Brothers shows that about 2.2 million people across the United States will lose their homes because they are unable to repay their loans...
New Century Financial Corporation, which issued a profit warning in February, will face a debt maturity date of $17.4 billion from Wall Street in April. With reliable news, they are unable to repay it at all. There is more than 95% chance that the maturity date of the debt contract is the time for their filing for bankruptcy protection."
Andy's breath calmed down slightly, and his voice became clearer and clearer. "One and a half years ago, the Federal Reserve raised interest rates 16 times. The hike of interest rates again is undoubtedly the last blow to burst the bubble. House prices continue to fall, and when interest rates rise, it will only overwhelm more and more mortgage lenders!"
"Yes, boss, the subprime mortgage market has begun to collapse. It has fallen by 40% in two months. Our DS and Do have already started to make money. However, the three major rating agencies have not lowered the ratings of low-level loan bonds, namely DS. As long as the two-bedroom Freddie and Fannie Mae do not raise the white flag, we still have a game of winning."
"These damn vampires, S&P, should all be on the gallows. At this point, this kind of junk bond still maintains a 3A rating. They should all go to hell!" Andy's expression was a little hideous, and he cursed loudly in anger, making Lima, who had already wrapped his perfect body with a bath towel, frown and stare.
This was the first time she saw Andy's handsome face showing such a frightening hideous look, completely like a devouring expression. It also made Lima feel that Andy was not just the sunny and warm look in front of her for the first time.
"Dear, what's wrong with you?" Lima went up and took Andy's arm a little worriedly, asking in a very low voice, full of concern.
Andy covered the microphone, showed a charming smile like a change of face, and whispered: "I'm fine, don't worry, my dear, go get a bottle of red wine, let's have a drink later, be good..."
After Andy finished speaking, he let go of his hand and continued to listen to the phone. As he turned around, his face became cold and harsh, "Since I will never admit defeat, I will add a fire to them and burn them to death!"
Lima looked at Andy's tall back with concern. Although she didn't see Andy's expression after turning around, the words that revealed a hint of coldness made her feel chilled.
"Boss, what are you going to do?"
"Haha, put all the materials, data collected by the think tank during this period, as well as the vacant houses that were hollowed out by the people who were photographing, and the default data of major cities, and sent them to the two newspapers, "New York Observer" and "Newsweek". I want every public to see clearly how the real estate bubble in the United States burst. The Federal Reserve does not want to expose it and is worried about causing panic. So the media will do it.
It can just increase the sales of newspapers under my name. I will ask the daily newspapers to track all the big names that can be involved in this matter. As long as I dare to talk nonsense and deceive the people, I will nail them to the shame rack and fire the first shot for my daily newspaper "World Observer" which will be launched on April 1!"
Andyson's cold words made Alvetre on the other end of the phone silent. To be honest, the three major rating agencies were just talking about it without lowering the rating. The boss was so angry and excited because he was shorting the DS. So, everyone was just a guy all the way, starting from their own interests.
Andy hung up Al's phone and called Jon Micham and Pete Kaplan respectively. Jon was not surprised by this, because this issue of Newsweek was going to make a special report on the American real estate bubble. He heard that the boss would send some professional internal information and data, which made him very happy and did in-depth reports. This was originally the secret skill of Newsweek.
As for "Observer", there was this topic, but it was suppressed by Andy before. Now the report is naturally fine. However, Pitt Kaplan is a little depressed. The editors of their real estate columns have clearly made professional analysis very early, but they have not been published until now. Many media have already done this topic. What we need to consider now is not timeliness, but persuasiveness. Fortunately, the boss said he would send some professional internal information for their reference.
After looking at the time, Ivana beat me again. After all, at this time, the pressure on me as the executive vice president of the real estate group will be very high, and the P group is still her family industry. The real estate bubble burst will not be too small to the blow to their group.
The phone was picked up before it rang a few times, but it was not Ivana, but her secretary. Andy learned that Ivana was still in a meeting and the meeting had been going on for more than three hours. At this pace, it is very likely that she would continue to hold for a while. Don’t think about getting off work on time. From her secretary, Ivana went to work at 8 o’clock during this period and worked until after 11 o’clock in the evening. She still brought many documents when she got home.
After hanging up the phone, Andy sighed lightly. Although he felt a little distressed and worried, he knew Ivana very well. Even if he persuaded him, it would not have any effect. A strong woman in the workplace was not just talking, she was really hard at work.
While frowning and thinking, Lima walked over quickly in a pink suspender shirt and pink shorts, holding a bottle of red wine and two wine glasses.
"Dear, what happened? Your expression just now was so scary." Lima put the red wine and glass on the table, walked to Andy, held his arm, and asked softly and concerned.
"Haha, it's nothing. Regarding investment, the US real estate bubble has burst. In the future, both the US real estate and the US economy will be severely hit and may even sweep the world."
"Ah! No, hasn't the housing prices in the United States always been very high? Why is this happening? Will the house I bought depreciate?" Lima asked in shock.
Andy opened her mouth with a wry smile, and finally smiled helplessly and pinched her tall Qiong Nose, and said with a smile: "How much does your house cost?"
"Hmph! That was also what I bought after working hard for many years, more than 6 million!"
Andy retorted with a very upset expression at Lima, with a hint of worry on her face, and comforted her: "The houses in the Manhattan area and Long Island area may be affected at the beginning, but in the long run, the value will still rise and will not depreciate, don't worry."
"That's good, that's good... Wait, you said that the long-term, will the real estate decline last a long time?" Lima seemed to have grasped the key point and asked curiously.
"Winter is approaching, and all the real estate, the US economy and the global economy will be spared! However, it doesn't matter to you. You just need to be beautiful and live every day happily..."
Chapter completed!