After Huo Zhenzhou finished speaking, he hung up the phone and said to Mr. Huo with a happy face: "Dad, Ah Jin really did not disappoint us. He took advantage of the subprime mortgage crisis to completely short-sell all the real estate, building materials, transportation and other infrastructure in the United States.
Leading stocks, and now the entire U.S. stock market is like a reptile with its backbone broken."
"And just now, the Agricultural Bank of China, ICBC and China Construction Bank jointly issued an official letter to several families in our port city, stating that whenever there is a need for funds, they can provide an interest-free loan of 10 billion Chinese yuan!"
When Mr. Huo heard this, he chuckled and said, "Okay, okay, okay."
"Dad, I'm going to the company first."
Nodding, the old man said: "Let Ah Jin find a way to get the Bao family's granddaughter out first, and then mainly straighten out the company's affairs. You can take care of the rest by yourself."
"I understand." Huo Zhenzhou nodded and went out in high spirits.
Soon, Mr. Huo was the only one left in the house.
As an old man, he stood up and walked to the window. At this moment, his spine, which was slightly hunched over, was now straight. The majestic wind was still there, and how could a vicious dog dare to bite the fangs of a tiger?
Just as Huo Zhenzhou was on his way to the company, he called Li Jin.
Li Jin frowned slightly when he learned about the Bao family.
He couldn't help but think of something that happened before he was reborn in his previous life.
Warwick's boss, Boss Ren's daughter was detained by the United States for various reasons.
This incident caused an uproar at the time, but since the United States has done something, it is not afraid of any negative consequences and will persist in going its own way.
Until Li Jin was reborn, no one could return to the country.
Although the Bao family's granddaughter's detention now has far less influence than the boss's daughter's detention in her previous life, the nature is actually the same.
So this person is probably very difficult to catch.
"Please tell Mr. Bao and Mr. Bao that I will try my best to find a way to at least bring the person back home safely." Li Jin said firmly.
"That's good. If you really have difficulties, don't force it and think of another way." Huo Zhenzhou said.
Smiling, Li Jin said: "It's nothing more than a matter of interests. As long as the interests can be negotiated, there will be no difficulty in the world. Please wait for my good news."
After ending the phone call with Huo Zhenzhou, Li Jin looked up at the electronic screen.
At this moment, both the Dow Jones Index and the Nasdaq Index plummeted.
Leading the decline was the real estate, building materials and infrastructure sectors.
Regardless of whether they are domestic or foreign, these sections have one common feature, which is that the market size is large and the amount of funds is also large.
Perhaps their stock prices are only a few dollars or even cents per share, which looks cheap, but the total number of outstanding shares is very exaggerated.
This brings about a problem, that is, it accounts for a large proportion of the total number of market points, and it is difficult for ordinary market conditions to cause large fluctuations.
It is a type suitable for long-term investment and long-term financial management.
But this kind of stock also has a very important feature.
That is, once it collapses, it will be difficult to save it.
It's like a giant walking on land. It's extremely difficult to knock down such a giant, but once it's knocked down, it's even harder for it to get up.
Had it not been for the subprime mortgage crisis that caused all stocks of the same type to fall, coupled with the panic in the market and the withdrawal of massive funds from the stock and futures and other securities markets, it would have been unrealistic for Li Jin to smash the market so easily.
But now, thanks to those fleeing funds, after Li Jin issued the order in the morning, he only used a mere 20 billion U.S. dollars to send the two major U.S. stock indexes into the abyss.
At this moment, American finance is like a macho man whose backbone has been broken. No matter how fierce he looks, he can only lie on the ground and let those mermaids who are much weaker than him do it.
This situation will continue to worsen unless the Federal Reserve and U.S. officials take further measures.