Chapter 1773 Subprime mortgage countermeasures
"Mr. Zhou Ming actually recognized me so much? He also said that I am a very successful businessman and will be a politician who will be a world-renowned politician in the future?"
Trump said very excitedly, trying hard to open his mung bean eyes, his hands trembling with excitement.
Not only Trump was surprised, but others also felt unbelievable, and some even said whether Zhou Ming was wrong.
"Mr. Zhou Ming is afraid that he will know Trump's name? Mr. Trump cannot be called a successful businessman!"
"He is an arrogant liar. Maybe Mr. Zhou Ming has found a sense of familiarity with him as a similar person."
"Mr. Trump is a gentleman with a wide range of interests and hobbies, but he seems to be difficult to succeed in any business!"
"Yes, I know that just last week, his brand just went bankrupt..."
Trump hurriedly explained in the face of these doubts from the audience: "How can you clear the innocent people? Why am I not considered successful? The Trump Building, which I spent 200 million US dollars to build, and Mar-a-Lago in Florida, are all very successful projects!"
Zhou Ming couldn't help laughing at the familiar accordion gesture when Trump was anxious to speak. This was indeed the leader of Sichuan University who had broken out of tradition!
Zhou Ming then said to him: "Why does Mr. Trump doubt himself? Since I can call out your name, I have naturally studied your investment strategy. Your strategy reveals wisdom. You must have confidence in yourself."
Trump nodded vigorously: "I fully agree with your thoughts by Mr. Zhou Ming. How can these guys understand our investment wisdom? Just like now, I am just like Mr. Zhou Ming, who is completely on the side of the Red Party. I am even applying to join the Red Party and be a loyal member of the Red Party!"
Trump's words finished, and the audience burst into laughter, and many people directly accused the tradition of whether he had lost his memory.
"Mr. Trump, have you forgotten that the Red Party, which you left, has joined the Reform Party, and you have submitted your application to the Blue Party to join the Party, why do you have to be a loyal Red Party member?"
At that time, Trump slammed the table in anger: "You...Feknius! You are fake news, and there is no such thing at all! I am a loyal member of the Red Party. I have always supported Mr. Walsh's residents with their own house policies, and also supported Mr. Zhou Ming's view, and supported the expansion of our customers to the middle- and low-income groups. We should not just divide a piece of steak, we should take out more steak from the kitchen!"
Mr. Trump has made another golden sentence. Although he is still in his prime, he has the style of King Chuan who is angry at the media after 16 years.
However, Trump's strong support does not mean that everyone else agrees. On the contrary, due to Trump's support, others even doubt Zhou Ming's plan.
"Hey! Mr. Trump seems to be a really bad-hearted chef, at least he doesn't care whether his steak is broken or not!"
"Mr. Trump, I finally understand why you have suffered losses and went bankrupt all the way, because you don't seem to know how to do business at all!"
"You said it's noble to support low- and middle-income people to have their own houses, but the problem is that those damn scumbags can't pay you back at all. Unless the federal government is willing to give you a huge subsidy, it's a deal that is destined to lose money!"
"Damn bastard, if you want to rescue those tramps on the street, please don't ruin my house. If my apartment is moved into such garbage, he will instantly turn into a rat's nest and become worthless!"
"I want me to see this Zhou Ming first
I am born with a steak that has been treated to us for a period of time and makes us bankrupt…”
Faced with the ridicule of these people from left to right, before Zhou Ming could speak, Trump jumped first.
He pointed at these people and cursed: "You bastards who have eaten rat shit, you all respect me for Mr. Zhou Ming! I tell you no one knows business and Mr. Zhou Ming better than me!"
Seeing Trump protecting himself like this, it feels really wonderful to have such a legendary president of his future generations as his fans!
But I really don't need it now.
While signaling Trump to close the voice, Zhou Ming said to others: "I know what you are all worried about. The biggest worry is the house payment. Since they cannot apply for mortgage loans from banks normally, they will find it difficult to afford the high housing prices."
When Zhou Ming said this, he suddenly paused: "So what if I tell you, I have a way to make them affordable?"
Zhou Ming's words undoubtedly dropped a bombshell at the scene, and immediately exploded huge waves, which shocked countless people.
"What can you do to make them afford the high housing prices? Do you know that even the cheapest ordinary wooden houses are the kind of bed bugs that sleep in parks and subway stations, and you can't afford to pick up garbage for a lifetime!"
"Or Mr. Zhou Ming, what guarantees did you get from Mr. President? Has the federal government prepared high subsidies?"
"No, Meifang and Meidi are here. If Mr. President really has any subsidy policy, we have no reason to receive any news..."
Not only the people below the stage revealed their doubts, but also the Vice President Cherny on the stage, he also wondered what Zhou Ming sold in this gourd.
Zhou Ming did not keep it a secret and directly opened his answer: "Do you know about subprime loans?"
I was speechless in the audience for a while, and I didn't expect that Zhou Ming would have the answer after making trouble for a long time.
Zhou Ming ignored these things and then explained to everyone that this so-called subprime loan is a loan that some people lose their general credit scores for some reasons, which leads to being unable to apply for normal from the bank and can only pay higher interest to apply for loans through the loan company.
Listening to Zhou Ming chattering on stage about subprime loans, the businessmen in the audience felt that their IQ was insulted.
"We are normal people, of course we know about subprime loans, so you don't need to give us popular science!"
"I guess you will introduce the CDS contract next, right? This is the plan we played ten years ago. Not only did this steak expire, it has become smelly!"
This time, listening to others scolding, even Trump, who was very energetic just now, dared not show up.
After all, Trump is just good at speculation and has an almost beastly intuition about any opportunity, but it does not mean that he is really an idiot.
This is why Trump has been bankrupt and liquidating his own industries, but he can still make money.
But Zhou Ming didn't care, but instead patted his microphone hard to calm the friends in the audience: "So it seems that you didn't notice it."
A relaxed sentence made the group of people who were still noisy just now quiet. They all pricked up their ears and tried hard to hear what they didn't notice.
"It is the interest rate that the Federal Reserve keeps lowering." Zhou Ming revealed the answer.
Some people have suddenly understood something about this answer, but more people are still confused.
Of course, Zhou Ming didn't expect that a single sentence would really make everyone realize it. This was not realistic at all, so Zhou Ming then continued to explain and told them what would happen as the Federal Reserve kept lowering interest rates.
A large amount of funds will rush into the market, and there are not many industries that can accommodate such huge amounts of funds, so real estate is one.
"No matter in any industry, once a large amount of capital influxes, it will bring prosperity for a period of time. The Internet was like this before, and the real estate industry will be like this now, unless you think the prospects of real estate are not as good as the Internet!"
With this sentence, the people in the audience laughed. They are all bigwigs in traditional industries. Although they also invest in the Internet, they still think from the bottom of their heart that the company with only a few desks, chairs and computers can't compare to the most traditional and strong real estate.
"It seems that everyone is a hero who has the same view. So, on the premise that the entire real estate industry will continue to prosper, is it still a big problem for subprime loans and his derived CDS credit swap contracts?"
"I can tell you responsibly that this will not only not be a problem, but it will also be a profitable business!"
"If you don't believe it, then you might as well look back and think about why CDS contracts exist. Isn't it just that subprime loan users have a very low chance of defaulting at the same time? Especially when the overall real estate market is improving, this kind of thing will not happen!"
"There is more important point, that is, the CDS contract market is not operated by you all, but can be sold to investment banks..."
Listening to Zhou Ming's explanation, the audience members suddenly realized, but at this time, Cherny seemed to be unable to bear it anymore.
"Enough!"
Cherny suddenly interrupted Zhou Ming's words loudly, and he said that Zhou Ming's speech today ended here: "I can understand Mr. Zhou Ming's determination to help everyone very much, but some things have not been approved by the procedurally. Maybe we can study them carefully before making decisions..."
Cherny had to interrupt Zhou Ming's speech. As Vice President, Cherny was definitely knowledgeable, so he knew very well what subprime loans and CDS contracts were. A few years ago, he was lucky enough to witness the collapse of the CDS contract market. He even knew that Zhou Ming was the culprit of the collapse of that CDS contract.
Then the culprit mentioned the subprime loan and CDS contract again, so he immediately spoke up and forced Zhou Ming's speech.
Cherny was the most influential and prestigious person of the Red Party, but this time he failed.
Because when he interrupted Zhou Ming, it immediately aroused the dissatisfaction of others in the audience, and these people accused Cherny of him.
"Oh my dear Mr. Vice President, as a gentleman, you should not interrupt someone else's speech, it is not polite!"
"Mr. Vice President, Mr. Zhou Ming was the one who asked him to start speaking, so you should let him finish speaking!"
"It seems that Mr. Zhou Ming must have a very clever idea. At least we should not drive him out easily. We must listen to what he wants to say!"
Cherny was stunned and was about to vomit blood, because these words were clearly what he said not long ago.
As a result, I've returned it to myself as it was.
Chapter completed!