giants of the era

Chapter 488 Layout of the Subprime Mortgage Crisis
As the first Android phone in this world, the Samsung Galaxy S1 fire is not very expensive, so naturally it quickly became popular all over the world.The biggest problem with the Nokia S1 is the lack of third-party software support.In addition, coupled with the high price of the Nokia S1, it is naturally daunting.

After half a month, Mi Phone 1 was officially released.Xiaomi mobile phones are beautiful in appearance and adequate in performance, but the price is extremely low. It only costs US$299, which is US$1 cheaper than Samsung Galaxy S200.

After the Samsung Galaxy S1, the Mi Phone 1 became popular around the world as soon as it was released. Since then, smartphones have gone from expensive electronic products to the general public!
This generation of Xiaomi mobile phones has a high starting point from the very beginning. It is not only sold in China, but also has sales channels all over the world. It has achieved an amazing sales volume of 500 million within a week!
For a while, the supply was in short supply! ! !

Xiaomi and Lei Jun became famous in China and got a lot of fans.

Previously, although Lei Jun was the CEO of Jinshan Company, not many people actually knew him.

But now, China's Xiaomi mobile phone is famous abroad. Chinese media news and the Internet are reporting on Xiaomi mobile phone, saying that Xiaomi mobile phone is the best mobile phone in China, and Lei Jun's name is also known to everyone.

The SZ municipal government also designated Lei Jun as one of the top ten most outstanding CEOs in Shenzhen this year.

"Happy Camp" also sent an invitation letter to Lei Jun.

The "Jobs and Jobs" column invites Xiaomi to send company executives to participate in the program. It is best for Lei Jun to go.

Lei Jun is in high spirits, and he feels very dignified wherever he goes.

With the success of Xiaomi mobile phones, more mobile phone manufacturers will emerge in China, such as Huawei, vivo, oppo, etc., so I won’t say much.

At this moment, all mobile phone manufacturers around the world can't help but be surprised. It is understandable that the Samsung Galaxy S1 can be so popular. After all, Samsung has been making mobile phones for many years, and its brand influence lies there.However, Xiaomi mobile phone is a completely new brand, but because of the Android operating system and low price, it sells better than the Samsung Galaxy S1!
What does this mean?DescriptionAndroid mobile phone cattle X...

Needless to say, the Symbian alliance has already collapsed, existing in name only, and many mobile phone manufacturers have all embraced the Android operating system. As for the Symbian system, let Nokia play it by itself.

Li Zetian was very proud for a while, the three best-selling mobile phone brands are all his own, haha, happy!
Li Zetian couldn't help but think to himself, if Google is allowed to develop mobile phones, maybe one of the world's four major mobile phone manufacturers has its own.However, when Google and Microsoft merged later, Li Zetian gave up the idea of ​​letting Google develop mobile phones, and instead focused on software development!
到了2006年6月1号，小米手机1总计售出了2550万台，三星Galaxy S1总计售出了1840万台，而苹果的iPhone1则总计售出了6750万台。

After being acquired by Li Zetian, the Samsung Group has been developing well. Especially this year, the sales of the Samsung Galaxy S1 have been huge, and the performance has been outstanding. The market value of the subsidiary Samsung Electronics alone is as high as 1100 billion US dollars!
Xiaomi, which was just established last year, has been valued at more than US$100 billion by Wall Street's authoritative evaluation agency.

And Apple's market value has reached 5000 billion US dollars!
While people were astonished, they had to sigh that Li Zetian was amazing.

Seeing that Android is the general trend, Li Zetian put down the stone in his heart.If Nokia insists on clinging to the Symbian system, it may be even worse than in the previous life.

When he is free, Li Zetian still focuses on developing electric vehicles and unmanned vehicles.

However, everyone knows that it is now 2006, and the US subprime mortgage crisis is coming, which will affect the whole world.Li Zetian also has to make some preparations, to be precise, he wants to make a fortune! ! !
The financial crisis triggered by the subprime mortgage crisis is the most serious financial crisis in the United States since the "Great Depression" in the 20s.The subprime mortgage crisis originated in the United States has spread to the whole world, the global financial system has been greatly affected, and the crisis has seriously affected the real economy.

Subprime mortgages, also known as subprime mortgages, refer to loans provided by some lending institutions to borrowers with poor credit and low incomes.When the US housing market was highly prosperous in the past few years, the subprime mortgage loan market developed rapidly, and even some borrowers who were usually considered incapable of repayment also obtained housing loans, which laid the foundation for the subsequent subprime mortgage loan market crisis. The formation of hidden dangers.

The bank holds a handful of loan contracts in its hands, and the loan contracts cannot be liquidated, that is, they cannot be bought and sold conveniently.But who is the banker, even a piece of shit has to find ways to make money.As a result, banks packaged and packaged these subprime loans to produce mortgage-backed bonds MBS, and then classified them according to risk levels, repackaged high-risk MBS into "debt collateral certificates CDO", and finally sold CDOs to investors .

US real estate has been rising, so financial derivatives like CDO are highly sought after, even reaching a crazy level!

Frankly speaking, even the bank under Li Zetian's name was involved and made a lot of money...

There's no way, it's crap if you have money but don't make money.

However, Li Zetian knows that enough is enough, and now that the subprime mortgage crisis is coming, he must quickly transfer these businesses to other banks or investors.

Dongfang Yuqin is proficient in finance, and every time Li Zetian encountered a financial crisis before, he let Dongfang Yuqin handle it.This time is no exception.

At night, Li Zetian called Dongfang Yuqin to his study to discuss these matters.

At the beginning, when Dongfang Yuqin heard Li Zetian say that the subprime mortgage crisis in the United States was about to break out, she couldn't close her mouth in surprise, her face was full of disbelief, but with Li Zetian's evidence and speculation, Dongfang Yuqin couldn't help but believe it a little bit.

One night, when the two were discussing the subprime mortgage crisis, Li Zetian suddenly said: "Everyone is optimistic about the 'Collateralized Debt Obligation Obligation CDO', so we will bet it will fall!"

Dongfang Yuqin asked doubtfully, "How to gamble?"

"Bring in the insurance companies and let them develop a special product 'mortgage credit default swap CDS', that is: if the CDO price continues to rise, the short seller will pay the insurance company a sum of money every month, and if it falls, the insurance company will lose money!"

Dongfang Yuqin couldn't help being taken aback when she heard the words, she was silent for a while, and asked, "Are you really sure that the subprime mortgage crisis will erupt?"

"I'm sure, I trust my judgment!" Li Zetian said very firmly.

"Okay, then I'll arrange it!" Dongfang Yuqin nodded and said.

Li Zetian said at this time: "Well, but don't worry, it may take a year before the outbreak of the subprime mortgage crisis, so the initial investment is a little less, mainly to let the insurance company convert this 'mortgage credit default swap CDS' Once the product is ready, next year, we will spend huge sums of money to make a big short!!!”

Dongfang Yuqin nodded with a smile: "I understand."

“Also, try not to give away that we are short.”

Dongfang Yuqin gave Li Zetian a white look, and said, "Of course I know, keeping a low profile is king!"

"Well, okay, you go to rest first, I still need to read some documents." Li Zetian kissed Dongfang Yuqin's forehead and said.

"Don't look too late."

"Ah."

……

A week later, the American International Insurance Company came to a customer.This client came up with a strange idea.

"I want to short CDOs, do your insurers have that business?" he began.

When the manager of the insurance company heard this, he looked at the other party in astonishment. After a while, he asked, "Sir, are you joking?"

"I'm serious, I'm definitely not joking!" The customer shook his head and said in a serious tone.

The manager of the insurance company froze for a moment, shook his head and said, "I'm sorry, our insurance company doesn't have this product."

After finishing speaking, the manager persuaded: "Sir, real estate in the United States is booming now, and CDOs are soaring. If you want to short CDOs, won't you lose money? So, I advise you to invest in CDOs." Credentials (CDO)."

The customer shook his head and then asked: "Can your company develop a product specifically for this purpose, such as mortgage credit default swap (CDS), if the price of collateralized debt obligations (CDO) continues to rise, I will give the insurance company a sum of money every month, If it falls, the insurance company loses money!"

When the manager heard this, his eyes lit up, and he thought, is this idiot here to give money?

"Hello, sir, I understand your thoughts. How about this, you go back today, I will report your thoughts to the company's senior management, and I will reply to you after they discuss it?"

"Ok."

The manager sent the strange customer out the door.

"Oh, sir, please allow me to ask, if our insurance company develops a mortgage default swap (CDS), how much do you plan to buy?"

"A few million dollars, maybe more..."

Hearing this, the manager suddenly felt a little bit in his heart, oh, God, there are so many! ! !
After seeing off the guests, the manager couldn't suppress his excitement, and hurriedly reported the matter to the CEO.

The CEO of the American International Insurance Company did not believe it at first, "Oh, Tom, is this man crazy, his head was caught by the door?! Or is he deliberately joking with us?"

"Mr. Sandy, this client is the executive of a small investment company with hundreds of millions of dollars in his hands. His tone doesn't sound like he's joking. Perhaps, he is really not optimistic about CDOs..."

"The U.S. real estate market is doing well, how could the CDO fall?!! Haha, if he really wants to short the CDO, then this is our chance to make a fortune!!!" The CEO of the American International Insurance Company couldn't help laughing.

……

But he said that the strange customer who came to the American International Insurance Company just now appeared in another insurance company and told the manager of this insurance company almost the same words, and the other party was equally astonished and shocked...

Soon it was known in insurance circles that there were people who wanted to short CDOs.

"The man's name is Mitch Veblen, the manager of an offshore investment company."

"Haha, I have never seen such a stupid person!"

"Haha, send us money, if you don't make money, you don't make money!"

"..."

The insurance companies all laughed at this Mitch Veblen behind his back.

Soon, banks, securities companies, and investors also knew that because the US real estate industry is so good, no one has shorted CDOs yet, but their reactions were all ridicules.

Los Angeles, Beverly Hills.

Dongfang Yuqin smiled and said to Li Zetian: "The plan is about to succeed. Insurance companies agree to develop mortgage default swaps (CDS), and they think we are stupid."

Li Zetian said indifferently: "I don't know who is stupid! Let's buy a $2000 million CDS product first, let them taste the sweetness first, and next year, buy CDS in large quantities one after another, and let these insurance companies lose money. Bankruptcy!!!"

Dongfang Yuqin looked at Li Zetian when she heard the words, and couldn't help laughing.

It's not worth your life to kill someone!

So, in September, Mitch Veblen purchased mortgage credit default swaps (CDS) from 9 insurance companies in the United States, with a total value of 2500 million US dollars.

However, this incident passed quickly without causing too many waves.The U.S. real estate market is still doing well, and Mitch Veblen is nothing more than a joke in financial circles.

At this time, Dongfang Yuqin has become a busy person. In order to make a fortune in the subprime mortgage crisis, reducing her own losses is also the top priority. Not only the company has to make preparations, but also a lot of investment needs to be done. Cash out as soon as possible, or you will lose big.

In the busy process, before you know it, it's time for Apple to release new products.

On October 10th, Apple released two products, iPhone24 and tablet computer iPad.

The iPhone 2 has a 4-inch screen, a better camera, a more powerful A2 processor, more storage capacity, and is thinner, lighter, and has a more beautiful aluminum coating.Although the design difference between iPhone 2 and iPhone 1 is not very big, once it was released, it was very popular.

But to be honest, there is no black technology coming out right now, no matter how the iPhone is designed, it is impossible to make much change.Li Zetian has a little understanding of Tim Cook in his previous life.

The tablet computer iPad is between the iPhone and the MacBook. Many people complain that the iPad is an enlarged version of the iPhone.Well, in fact, it is true, but the iPad is selling very hot, what can you do?

Still as in previous years, after the official release of the iPhone2 and iPad, there were a lot of people queuing up at the door of Apple's flagship store.For these, Li Zetian is used to it.

As the subprime mortgage crisis drew closer, Li Zetian put everything else aside.He is now a ferocious wolf, his deep and glowing eyes have been staring at the prey of the US subprime mortgage.

During the subprime mortgage crisis, I don't know how many companies went bankrupt. This is a great opportunity for Li Zetian to strengthen his own strength!

It's hard to imagine how much profit Li Zetian would make by shorting US real estate and the stock market with his current strength.After the subprime mortgage crisis, Li Zetian's wealth may be so rich that even the US government will feel trembling and want to kill him...

(End of this chapter)