"Oh? Are you so optimistic about China's real estate? I think China's housing prices are already very high now. I'm afraid it won't take long to follow in the footsteps of the United States. Ms. Pan and their investment is not without risks." Thomas obviously did not
Agree with Hong Tao's judgment, he should
He is a relatively conservative American who doesn’t know much about China. In his eyes, if the U.S. real estate bubble bursts, the whole world will tremble along with it. Although China may respond a little slower, in the end it will not
He must be trembling less than others.
"This issue can only be measured by time. As far as I know, although China's economy will be affected by the subprime mortgage crisis, it will not do much harm to the real estate industry. Housing prices can rise for at least another 3 to 4 years, and then stabilize.
Even if you are avoiding risks, it is too early to stop now. In addition, there are many differences between China's real estate market and the U.S. real estate market.
The big difference is that it is a policy rather than a business, so analysis and judgment cannot be made from a pure market perspective, as that would be very wrong." Although Hong Tao does not understand macroeconomic regulation,
He has a great weapon called memory. No matter what you say, the price of the house is there. This is an indisputable fact.
"Maybe you are right, who knows, even if I want to do those projects, I can't do anything. Our firm's focus has always been in North America, and it has just entered Asia in the past two years. If it were not for this damn financial crisis, China would
The market is not necessary for our firm, but everything is different now. All we can do here now is fight countless bankruptcy cases. Just relying on these projects, my firm may have to lay off employees.
, so you and Irene not only saved
"You saved me and my partners, and also saved many American lawyers in the firm. It's a pity that they don't know the merits of you and Eileen, otherwise they would welcome you with a banner at the airport gate." Although Thomas is a bit conservative,
. But he is not a person who is too conceited. He will not insist on his own opinions in areas that he is not familiar with. People with this kind of personality are most suitable to be conservative people. They are independent and will not be stubborn, although they will not be large-scale.
It will expand its territory, but it will not easily lose its advantages.
"Mr. Hong, what do you think of the US$850 billion bailout plan just passed by the US government?" This is when a man in his 40s next to him finally couldn't help it. Seeing Thomas, Hong Tao was speechless and began to believe it.
There were rumors about this young Chinese man. He started to ask tentative questions of his own. It was obvious that his firm should deal with domestic clients in the United States and had little interest in China or Asia.
“I don’t think it will have much effect in the short term, and governments around the world have no good way to prevent the spread of this crisis. They can only cut interest rates again and again. The U.S. stock market will continue to fall, and may even fall to its lowest level in decades.
At the lowest point, not only the US stock market will fall, but also the global stock market. And it will continue until at least 2010. I estimate that the fourth quarter report of AIG Group will be released early next year.
As soon as it came out, the stock market had to fall. In addition, although General Motors received a capital injection from the government, it could not survive on its own. The final result would have to be the government footing the bill, and most of its shares would have to fall into the hands of the federal government.
But this General Motors is no longer the General Motors of the past." This is the first time that Hong Tao feels like being treated as an economics expert. To be honest, it's very satisfying.
When you see the uncles and elders around you who are American barristers listening attentively to what you are saying here, your heart will work hard to supply blood to your brain, and your brain will also be in an excited state due to too much blood supply. This
You may have two reactions. One is that the brain speed is too high and it crashes; the other is that the mind becomes more flexible and smarter. Hong Tao is the latter.
He was always a talker and deceiver, and he could pretend for half an hour even if he had a little bit of truth. Now no one can explain these issues clearly, and everyone is just guessing. He has no scruples anymore, and he puts aside nonsense.
Just blow it as hard as you can. Anyway, the people who are fooling you are all foreigners, and I don’t know how to work with them. After I finish talking, I will go back to my country without any burden in my heart.
Moreover, he has a higher image in the minds of these people, which will also promote Irene's work. As for whether what he said is right or not, he is still very sure, because the things he said actually happened in his memory.
Yes, he is only responsible for talking about the results and does not mention the process or principles at all. This can not only make him appear incomprehensible, but also cover up his shortcomings in financial expertise.
Of course, the people here will not argue with you by going to the bottom of things. We are all people of status, and it is already a big deal if people are willing to give an answer. The judgments on these key issues are often made by large groups and companies.
Even government-level secrets, you dare to pick and choose without paying for it, how shameless! As for whether you believe it or not, that is your own problem. Regardless of whether Hong Tao is right or not, it is a new idea, and only
There are no advantages or disadvantages.
"I'm not worried about whether GM will go bankrupt or not. What I'm worried about is whether China's domestic economy will be greatly affected. Unlike Thomas, more than 60% of my firm's clients are from Asia, especially
Mainland China and Hong Kong, Mr. Hong, what do you think of the domestic trends in China?" Hong Tao is addicted to pretending to be an expert. I wonder when Paul and Irene will
Irene came back secretly and was standing behind him listening to his spoken words. Irene was surprised that her husband En could integrate into these barrister groups so quickly and became the master of the topic. She was even more proud.
His little face almost burst into laughter, and Paul obviously agreed or partially believed Hong Tao's previous statement, so he put down his posture and actually asked for Hong Tao's opinion.
"China will definitely not be able to escape this crisis. The first one to be hit is the export industry. I am afraid that a large number of export manufacturers will close down soon. However, China's real estate and infrastructure will not be greatly affected, because the Chinese government will
Although the huge investment in these areas is different from the U.S. government's bailout method, the overall investment figures should be similar. Mr. Paul should keep this in mind.
"You can invest in China with confidence in the next five years. The only thing you can't touch is China's stock market. It's at the bottom now and won't be able to climb out in five years." Hong Tao only doesn't understand China's domestic economic structure.
Much, but the 4 trillion yuan bailout and the stock market crash at the end of 2008 are still vivid in my mind. In his previous life, his wife also played stocks, but she was directly trapped until the day he traveled through time and still lost 60%.
"Is it really as good as you say?" Paul didn't quite dare to believe Hong Tao's judgment, but Hong Tao was very specific in what he said, including the approximate amount of government bailout funds, so he didn't dare to believe it at all.
"Mr. Paul can call and ask Ms. Pan for her opinion. When Hong Tao suggested to her to sell all the stocks, she hesitated for a week. She called me almost every day to ask about the situation in the United States, regardless of day or night.
In the middle of the night, the final result was exactly the same as Hong Tao's judgment, so Ms. Pan decided to listen to Hong Tao's suggestion and come to China with funds.
State Investment, I believe you are well aware of the progress of her projects now, and the prospects are still very optimistic." When Irene saw someone questioning her husband, she immediately stood up to defend Hong Tao, and the example she gave was more direct.
Well, Pan, Hong Tao's only successful case, is brought up. There are ready-made achievements everywhere, and you can't help but not believe it.
"You are really an amazing young man. I have never seen anyone who has such an accurate grasp of the international situation. Are you interested in coming to my company for development? I will give you a position as a senior investment consultant. The office location is up to you.
You can choose from Manhattan, San Francisco, Shanghai, or Beijing!" Paul and Thomas have completely different styles. Not only is this man younger than Thomas, but he also has a more radical personality and prefers adventure and pioneering. This also comes from a person who
Angle demonstrates why his firm grew so much faster than Thomas's.
"Aren't you a law firm? I know nothing about law. I have never been to a courtroom." Hong Tao was really tempted. If he could work with Irene in New York, it would be a good choice. After all, he was also a consultant.
If you can afford it, just ask. If you don't care, just ask for it. It's like getting money for nothing.
"Oh, no, no, no, the firm is just part of my job. I also have an investment company, venture capital!" Paul smiled like Sherlock Holmes in the British TV series "Sherlock Holmes". It was not so much a smile, not a talk.
His face was cramping, and both of them had big hooked noses.
"I...I'm not suitable for sitting in an office. I like outdoor sports and can't take any time off. Moreover, I have my own company to manage in China. Although it is small, it is my own after all. Please understand, Mr. Paul."
It's my decision." Hong Tao originally wanted to think about it, but suddenly there was a stinging pain in his back. This was Irene pinching him. Usually when this happens, it means that Irene is very opposed to something, so
Hong Tao changed his mind very smoothly and refused directly.
"Paul! You broke the rules! You can't poach the family members of senior employees of my company to work for you in front of me like this. It's not fair!" Thomas breathed a sigh of relief when he heard that Hong Tao directly rejected Paul's temptation.
, and then started to protest against Paul, and got the approval of several lawyers around him.
"No, no, no, this is not a foul. The rules only apply to us practitioners. Mr. Hong is not a lawyer, so he should not be included." Paul was not a light-hearted person either, so he started arguing with Thomas, thinking
Pick yourself clean. (To be continued...)
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