In 2007, the subprime mortgage crisis broke out. The severity of the crisis was beyond everyone's imagination. Major central banks frequently injected capital, but they were still unable to prevent the financial crisis.
In a blink of an eye, 2008 came, and the subprime mortgage crisis further intensified.
The International Monetary Fund (IMF) says the global subprime mortgage crisis has lost nearly $2 trillion so far!
This year, countries are still busy saving the market, and Li Zetian is not idle, busy with acquisitions and poaching.
While other companies are developing vulgarly, Li Zetian's company is developing against the trend. There are more and more factories, R&D laboratories and talents, which can't help but make people stunned.
At the beginning of the year, Tesla Motors launched a new electric car, but because of the global crisis, the media reported it and said it was amazing. But then the focus was shifted by the subprime mortgage crisis.
Li Zetian didn't care either. Tesla cars don't get much attention. Anyway, it's the first car, and there are many technologies that need to be perfected and improved. This year, as the global economy declined and spending power declined, not many people could afford luxury sports cars.
However, there are nearly 300,000 users who have booked Tesla cars before, and Li Zetian is very satisfied, which is a very good result! For a Tesla car of $100,000, its sales are $30 billion, which is already super amazing!
Li Zetian still thinks that Tesla cars are too expensive. Only by greatly reducing production costs can electric cars be popularized!
Wandering around to September 15, 2008, this day is a historic day for the famous Wall Street.
In the face of $613 billion in liabilities, Lehman Brothers, the fourth largest investment bank with a long history of 158 years and the top spot in the U.S. mortgage bond industry for 40 consecutive years, officially announced to file for bankruptcy protection! ! !
The bankruptcy of Lehman Brothers immediately triggered a global financial tsunami. Wall Street ushered in a veritable "Black Monday". U.S. stocks plummeted. The Dow Jones index recorded its largest single-day drop since the "9.11" incident, and the global stock market also plummeted.
The Asia-Pacific stock market fell sharply on September 16, among which Japan, Hong Kong, Taiwan, and South Korea all fell by more than 5%; the Australian stock market also suffered an earthquake, the Australian dollar opened weaker on the 16th, and the stock market closed down more than 1.5%... However, from In the long run, the biggest impact of Lehman Brothers' bankruptcy on the world is that it further dampened people's confidence in the market and the future.
The subprime mortgage crisis that broke out in the United States in 2007 not only brought heavy damage to the United States, but also to the global economy, and the bankruptcy of Lehman Brothers heralded a further escalation of the crisis, and more large financial institutions will collapse in this crisis. ; The collapse of the first-tier investment banks, the pillars of Wall Street, announced that the core of the US financial system has been shaken, and the subprime mortgage crisis has officially evolved into a global financial crisis.
On the same day that Lehman Brothers officially announced its bankruptcy protection, Bank of America, which represented the will of the Federal Reserve, acquired Merrill Lynch, the third largest investment bank in the United States.
Buffett couldn't help sighing: "All Wall Street companies are 'naked swimmers'. Only this time, Merrill managed to climb ashore and didn't drown in the water. But Lehman Brothers was not so lucky..."
It's just that this "dramatic" transaction made many people angry!
"The U.S. government could have rescued Lehman Brothers together, but why only Merrill Lynch!!!"
"It was US Treasury Secretary Paulson's 'seeing death' that led to the outbreak of this global financial tsunami!!!"
"Yes, originally, the impact of the subprime mortgage crisis has been reduced, but the bankruptcy of Lehman Brothers has made the situation even more serious!!!"
"… "
In this regard, Li Zetian is naturally schadenfreude, because the bankruptcy of Lehman Brothers is very beneficial to him, so he has no intention of intervening at all. Then, when Lehman Brothers went bankrupt, it shared its assets with other companies.
On September 17, Cronos Bank invested $1.75 billion to acquire Lehman Brothers' New York headquarters, two data centers and some transaction assets. On September 20, Cronos Bank re-acquired Lehman's Asia-Pacific business and its European and Middle East business. On October 4, it signed an agreement with Lehman Brothers again, agreeing to acquire Lehman Brothers' Indian back-office business.
The once brilliant Lehman Brothers had been torn apart in less than three weeks, beyond recognition. At this point, Lehman finally completely fell to the bottom of the valley and could never see the sun again.
By the beginning of January 2009, Nortel Networks, the largest telecom equipment manufacturer in North America, was on the verge of bankruptcy and was acquired by Galaxy Networks under Li Zetian's name.
Nortel Networks is a company formed by the merger of Northern Telecom and Gulf Networks in 1998. It is a well-known telecommunications equipment supplier in Canada and a world leader in optical networks, GSM/UMTS, CDMA, WiMAX, IMS, enterprise communication platforms and other fields. leading supplier.
After the acquisition of Nortel Networks, Galaxy Network has greatly enhanced its own strength and has become a veritable telecom network equipment giant. It is enough to face more challenges in the future, such as those from Huawei.
…
Obviously, even in 2009, the financial crisis had not been eliminated.
On March 2, American International Group (AIG), the largest insurance company in the United States, suddenly announced the loss of the fourth quarter of 2008. The news became the last straw on the US stock market!
$61.7 billion! ! ! !
In the fourth quarter of 2008 alone, AIG lost $61.7 billion, the largest quarterly loss in US history.
On the same day, the US Dow Jones Industrial Average closed at 6763.29 points, the lowest closing level since April 1997, which also means that the market value of the Dow Jones Index has shrunk by more than half in just one and a half years. Under this stimulus, Asian stock markets generally fell sharply on the 3rd. Among them, Japan's Nikkei index fell to 7117.66 points in early trading, falling to the lowest point after the collapse of the bubble economy. China's Shanghai Composite Index fell 1.05%; Hong Kong's Hang Seng Index fell 2.3%.
When Li Zetian heard the news, he was overjoyed and secretly thought that he would make a lot of money again.
Shorting stock index futures, the more each country's index falls, the more Li Zetian earns!
And Li Zetian's appointment time for shorting stock index futures is April Fool's Day, April 1, 2009. First, he expressed that he fooled the world and made a fortune; secondly, about this time, the subprime mortgage crisis was considered to be over, and the impact was reduced. The market started to recover.
Of course, there will still be some companies that continue to be affected by the subprime mortgage crisis. General Motors, for example, went bankrupt on June 1.
The 2008 recession and global credit crisis pushed auto sales to the brink of recession, and by 2009 GM, which was severely short of liquidity, was powerless. Li Zetian wanted to buy General Motors, but it was obviously impossible. The United States is determined to help General Motors get through this difficult time.
Li Zetian doesn't care, he also thinks that his own car company is too many to manage.
At this moment, Li Zetian and Dongfang Yuqin are collecting funds and counting how much money they have made during this subprime mortgage crisis.
When I finally saw this number, even if I was as calm as Li Zetian, I couldn't help but be shocked!