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Chapter 2056 The outbreak of the financial crisis

Chapter 2066

Time enters September 2008.

The phone on Liu Jun’s desk suddenly rang.

"Hello."

"***, Hello, I am Wei Ningsheng..." Wei Ningsheng's voice came from the phone, as if a little urgent, and he also used a respectful word to Liu Jun: "Do you have time now? I want to give you some things.

Make a report. ""

Liu Jun smiled: "Okay, please come here, make tea together."

After hanging up the phone, Liu Jun turned out from behind the desk, sat down in the guest room, and slowly cleaned up the tea sets on the coffee table. In fact, the tea sets were arranged very neatly, and Liu*** was just messing up them.

Over time, Liu Jun's prestige in province D was gradually established.

The large-scale cadre exchanges and party school training that began in the first half of the year have achieved the expected results. In fact, so far, only 20 department-level cadres at the department level who were exchanged in D Province have gone to the Central Party School and the Provincial Party School.

There are only a dozen cadres who are studying. There are only one hundred and fifty "indicators" and only about one quarter of them are used. Among the cadres who are being exchanged, there is only one municipal party committee member who is still in the province to communicate.

The Municipal Party Committee *** is transferred to the Deputy Minister of the Organization Department of the Provincial Party Committee.

Even so, it still puts huge pressure on middle-level cadres in the province. Liu Jun whips candy with one hand and causes them to be able to attract them without being fired, firmly grasping the initiative. With this hand, he grabbed the source. Not only did the leading cadres in various cities face Liu*

** The awe has a member of the executive team of the Provincial Party Committee and Provincial Government, and carelessly.

Who does not have a few confidantes who want to "protect"?

However, Wei Ningsheng's politeness to Liu Jun was not just because of the issue of cadre exchanges. But Wei Ningsheng discovered that the financial situation in the United States was walking exactly in accordance with Liu Jun's "prophecy". This made Wei Ningsheng highly alert.

The reason why he was opposed to Liu Jun's plan before, insisting that the economic transformation should be safely carried out. It is not appropriate to have an urgency. It is mainly because Wei Ningsheng believes in his judgment and believes that the US financial crisis will not erupt.

As early as April last year, the second largest sub -mortgage company in the United States, the New Century Financial Company, announced bankruptcy because of the issue of secondary mortgage bonds, which led to a large area of ​​losses in the company.

In order to increase market confidence, the US stock market has also been maintained at a high level. The situation does not seem to be bad.

It is the reason that Wei Ningsheng feels that whether the bubble economy or the secondary debt crisis, it is within the controlled range. With the strong American economy and the mature experience of the market operation, the crisis can cope with the past.

There will be a large-scale outbreak. We don’t have to worry about it.

Moreover, provinces D, as the forefront of domestic reform and opening up, are adjacent to the two special administrative districts, and each other's economic connection is very close. Once the financial crisis in the United States erupts, the economy of the two special administrative regions must be greatly affected, and it must be implicated and involved.

To Jiangkou, Bai Island, the main economic cities of the provinces in the middle of the river.

Deep in Wei Ningsheng's heart, this crisis is unwilling to break out.

It's not good for everyone!

Of course, Wei Ningsheng would not understand Liu***'s "expect" a crisis in the United States and even the entire European and American countries.

But now it seems that Wei Ningsheng's hope has failed and the United States is accelerating its sliding into the abyss of the financial crisis.

Liu Jun knew very well that Wei Ningsheng was so anxious to see him.

About ten minutes later, Wei Ningsheng appeared in Liu Jun's office. Wei Ningsheng was surprised to find that it was Zhou Liangchen but Liu Jun waiting for him at the door of the office.

This is the first time.

In the past, Wei Ningsheng came to Liu Jun's office. Liu Jun was sitting in the hospitality area every time. He never waited for Wei Ningsheng to enter the door from behind the desk. Since Liu Jun arrived, he has always maintained this respect for Wei Ningsheng.

manner.

This time, I stood at the door to greet me.

Wei Ningsheng hurriedly took a few steps, stepped forward and shook hands with Liu Jun tightly: "Hello, ***!"

"Hello, Governor."

Liu Jun smiled and asked Wei Ningsheng to sit down.

Liu Jun's politeness and respect for Wei Ningsheng is not only because of Wei Ningsheng's age, but also because of the "necessity of unity". After a period of contact and understanding, Liu Jun learned that Wei Ningsheng's official voice is still very good and he is a relatively common person.

Positive. It may be a bit conservative in thought, but it is stable. For senior cadres, it is also a good morality.

The construction of the first economic province in the country is too aggressive, and it is obviously inappropriate to engage in "big jobs and fast up".

This is the main reason why Liu Jun respects Wei Ningsheng.

It does n’t matter if there is a difference at work, you can find the same existence difference, and slowly run in.

Liu Jun himself made a cup of tea for Wei Ningsheng himself. It can be seen that Wei Ningsheng's phone call, Liu Jun was doing this preparation. As soon as Wei Ningsheng arrived, he just tasted the hot kung fu tea.

Wei Ningsheng was also more moved by this.

It can be seen that Liu Jun's respect for him is not installed.

"***, the situation is not optimistic...Lehman Brothers' company is about to collapse..."

Wei Ningsheng picked up the tea and took a sip, and said worriedly.

Liu Jun nodded and said calmly: "It's time. Once a problem occurs with the two-bedroom company, these investment banks will be unable to withstand it first."

Just last month, during the period of our country held the 29th Olympic Games in the capital, the stock price of Fang Limei and Fangsido began to plummet, and the speed of decline was extremely afraid.

It is less than ten dollars, and there is no trend of stopping the decline. Continue to go down to bottom. In just one month, the market value has evaporated more than 90 %.

The two-bedroom company is the source of the US subprime bond market and is also the main leverage company for the US government to regulate housing prices. The stock price plummeted between these two companies means that both the real estate market and the subprime bond market are uncontrollable.

As one of the five largest investment banks on Wall Street, Lehman Brothers' stock price also fell sharply. Just a few days ago, within just one week, the stock price fell by 70% to 80%, and its market value evaporated from more than 10 billion US dollars to

Less than $ 2.5 billion.

Liu Jun's attitude was so bland, Wei Ningsheng was taken aback.

It seems that this result has long been expected by Liu Jun.

"***, do you say, will the US government take this time?"

Wei Ningsheng groaned and asked in a low voice, with the meaning of asking for advice. So far, Liu Jun's prediction of the US financial situation is extremely accurate. Wei Ningsheng has unknowingly produced a superstition to Liu Jun.

Liu Jun shook his head gently and said, "No."

Wei Ningsheng looked at Liu Jun inquiry, hoping that he could give an explanation.

Liu Junshun handed to Wei Ningsheng a cigarette, and he also ordered one, smoked two, and said, "Governor, there are two reasons. The first reason is that the financial resources of the US government are difficult to support.

The rescue of the housing company has made the U.S. government empty the pocket bag. Rescue Lehman Brothers, not three or five billion billion billion yuan. In addition, there is a moral issue in it. "

"Moral question?"

Wei Ningsheng asked back.

How can the national government help the country's enterprises?

Liu Jun said slowly: "After the U.S. government rescued Bear Stearns, the Federal Reserve received a lot of criticism. One of the opinions is the most representative of why the government should use taxpayers' money to pay for the investment decisions of private financial institutions.

What? The government may create new moral risks when rescuing private financial institutions, that is, to encourage financial institutions to take greater risks. Anyway, there will be a government guarantee in the end. So this time, the US government has to be more cautious."

Wei Ningsheng listened very much.

"On the one hand, the subprime mortgage crisis has erupted for more than a year. Market investors have a clear understanding of the reasons and possible losses of the subprime mortgage crisis. A series of market rescue measures taken by the US government have also begun to play.

Under this premise, the closure of an investment bank will not cause greater panic in the financial market; at least the mentality of the US market now thinks so ... "

Having said that, Liu Jun's mouth was scattered with a smile, and he had a little bit of a little bit of sorrow.

Later facts will prove that this is just a beautiful wish, and the situation will only get worse and worse.

"... On the other hand, the government has suffered so much criticism that the US government also needs to clarify its own position. Unless systemic risk is caused, the US government will not easily use taxpayers' money to rescue private institutions. Private institutions should be for the private institution.

His own decision -making responsibility, which includes not only management, but also shareholders. Therefore, when the US government rescued the two bedrooms, it only protected the interests of the creditors, but the management of the two -bedroom company was exchanged.

The value of equity. The US government intends to convey a message to the public, and the investment failure must be responsible. This is one of the core principles of the *** market. "

Wei Ningsheng nodded again and again, with admiration in his eyes.

Liu Jun’s perspective on the problem is indeed unique. He seems to know the American politicians well and has a deep understanding of the capitalist market economy. Perhaps this is why he can predict the US financial crisis so accurately.

Bar.

However, Wei Ningsheng immediately became worried, frowned, and said, "***, in this way, we are in danger..."

Liu Jun's brows rose slightly.

"You see, if the U.S. government is this mind, they may not necessarily protect the interests of other investors. The so -called protection of the interests of the creditors is at this stage. If the situation worsen further, will they give up other creditors to other creditors?

The interests of the interests only protect the interests of the national creditor? In addition to the Treasury bonds, other bonds theoretically the US government is not guaranteed ... "

Wei Ningsheng said anxiously.

Once the specific technical level is cut, the governor of province D is very good.


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