At 7 a.m. on October 1, 2007, then-US Treasury Secretary Hank Paulson couldn't wait to drive to the Federal Reserve. Because of his business trip last week, he missed a weekly breakfast meeting with Federal Reserve Chairman Bernanke, which was a difficult time in the subprime mortgage crisis, which made him very upset.

On this day, UBS suddenly released a report saying that due to the crisis in the US subprime mortgage market, banks lost more than 4 billion Swiss francs, or about 3 billion US dollars.

Before Paulson arrived, Bernanke received an email from the Federal Reserve staff and had a preliminary understanding of the latest market trends. Due to the impact of the time difference, the European trading day was about to end and the US market had not yet begun. Bernanke knew that it would be a bad day.

I thought that there would be a good start in October. After all, the market returned to calm a month ago, and housing prices also rebounded slightly. The financial crisis seemed to have passed. In the second and third quarters of 2007, the increase in US economic output was close to 4%, and the unemployment rate remained at a low level.

Therefore, Bernanke also concluded with the media that "the impact of the subprime mortgage market on the wider economic and financial markets seems likely to be under control."

When Paulson and Bernanke sat opposite each other in the restaurant, Bernanke looked at the latest financial page of the Wall Street Journal and couldn't help but smile bitterly: "This Andy Smith is really..."

Paulson also shook his head and smiled bitterly. He also understood the embarrassment of his old friend Bernanke. After all, he had just concluded his interview, and the media took out the words of Andy Smith, the most popular financial prodigy, in the face the next day. It was really a bit unbearable.

"In fact, Bernanke's judgment is wrong, it's just a brief tranquility before the storm comes." Quoted from Andy Smith's Facebook

"Every time I see this Andy Smith report, I feel that I am really old. Look, there are beautiful women around me everywhere I go. The Italian goddess takes her children to travel to Paris with him. It's such an enviable boy." Paulson didn't want his friends to be too embarrassed, and said as he looked at the entertainment version with a joking voice.

Bernanke just smiled slightly at the topic of disagreement. Well, most men envy that young and rich boy. After all, Americans are really interested in Andy Smith's gossip and scandal. Even with a girlfriend, there are never many beauties around him, and they are of all ages. But what makes people jealous is that they are all goddess-level, and many people have malicious speculations, Andy Smith's good teeth.

Especially for this senior beauty like Monica Bellucci in Paris now, ahem, if the two really have a relationship, then this is a complete Idipus complex!

"To be honest, I don't care about his rebuttals, but I really hope I'm right. If his judgment is right, the subprime mortgage crisis will turn into a financial crisis, and the US economy will be the first to be affected by Wall Street..."

Bernanke didn't finish his words, but Paulson, as the Treasury Secretary, naturally understood and his face became gloomy. Thinking of Andy Smith's invincibility in the financial market over the past year and all his current value, he really did not make a mistake.

The two of them looked up at each other, and they both saw the worry in each other's eyes. After a brief silence, Paulson first said: "We cannot ignore what he said, just like the reports of his subordinate media before the crisis began. We must prepare early and not ignore all kinds of risks like market participants and regulators!"

Bernanke nodded with a wry smile and said, "Who can ignore this young man's words now? Look at gold, it's really... According to my understanding, he bought $4 billion in gold at Bank of America, 174 tons, $648 per ounce. Look, it has risen to $750 per ounce, and earned $600 million in three months! It's so easy for this young man to make money."

"The most important thing when a crisis comes is to see how investors' mentality changes. When the stock market plummets, risk aversion sentiment is very high, and gold with monetary attributes enters an upward channel. It's just that the market believes that the possibility of the Federal Reserve lowering interest rates again increases, the US dollar depreciates, and although crude oil futures rise and fall, they still remain at a high of $81 per barrel. Both factors have a boost to the sharp rise in precious metal prices."

Paulson took the breakfast delivered by the messenger, unfolded the napkin, took a sip of the goblet containing water, held the knife and fork in his hand, and said while cutting the food.

"Even if the market has concerns about inflation stimulated by the easing monetary policy of zero interest rates, the Federal Reserve will have to cut interest rates frequently this winter to release the pressure of the financial crisis. What I am most worried about now is whether it will have a counterproductive effect. After all, in panic, anything can happen."

Bernanke's brows were frowned into the word "chuan", and he expressed his plans and concerns. This was not his aimlessness. There were too many such examples. Sometimes, in panic, the more he rescued the market, the more he became, the more panicked he would collapse. He could only continue the vicious cycle of adding firewood to put out the fire until he survived.

This is true. After winter passed, frequent interest rate cuts, housing prices experienced unexpected sharp drops, triggering losses in more mortgage securities, financial stocks were in a slump, and the subprime mortgage crisis turned into a financial crisis, entering the peak of the financial crisis.

"Panish..." Paulson also frowned and muttered, his brain was rotating rapidly. Market panic is often the biggest enemy to save the market, mainly a problem of people's hearts. Thinking of this, his eyes lit up and looked at Bernanke and said: "If Warren Buffett is not enough, then we will establish an Andy Smith. When the two of them stand up, they may play a key role in stability."

Bernanke's eyes also froze, but soon shook his head with a little disappointed moment and said, "Buffett can mobilize a lot of funds, but those funds are not his own, and Andy Smith's funds are completely personal. The most important thing is his age. Do you think he will take wealth lightly at his age?"

"It's nothing more than interests. Buffett will not take action in vain. As long as it is a critical moment, he will also pull him into the plan and put the interests in front of him. I think this greedy young man will not give up on the opportunity. If he wants to get it, he will follow our arrangements!" Paulson narrowed his eyes slightly, and the corners of his mouth slightly raised.

"His appetite is not too small. Look at the foot basin, French, and especially British bank runs, Andy Smith has never been lenient... Well, it's also good to be a reserve plan. After all, I don't know how things will develop. So let the mainstream media increase the publicity of his image."

As Bernanke said, he finally shook his head and laughed at Paulson. After all, Warren Buffett is too old and America needs a new idol.

Andy, who was in Paris, was walking around a toy store with a beautiful baby in his arms, and didn't know that many people in the United States were thinking about him.

"Is this? Wow, little Deva, your vision is really good!" Andy stood in front of a giant two-meter-high teddy bear holding Deva, who was only three years old and still eating his fingers.

Little Deva looked at the big bear and giggled, stretched out his little finger to grab it, "Bearing, want it."

Monica, wearing a black suit, stood behind her with a faint smile on her face. She didn't care about the paparazzi who were sticking to the glass at the door to take pictures. The deliberately inverted and modified waistline of the suit jacket, which made her look softer and her plump figure better.

Seeing the big boy who could make her die, she was still very happy inside. In the past two days, the baby room in her Paris residence had been filled with toys swept by Andy.

It seems that Deva likes him very much, well, after all, an uncle who can meet all her requirements can easily please any child.

Deva lay on the teddy bear's tui and smiled happily, muttering the Italian bear. Looking at the big teddy bear more than two meters tall, Monica couldn't help but pull the corners of her mouth. Sure enough, she heard Andy's voice, "Is there a new one? Well, I'll send one to this address..."

"Andy, Deva's room has been filled with toys..." Monica walked forward slowly and said softly.

"Then you should expand the room for us Deva, right? Deva." Andy, who was squatting and playing with Deva, looked up at Monica and said without caring at all.
Chapter completed!