If you talk about the global investment industry, there are countless leeks. The longest path you have walked is undoubtedly the routine of Wall Street.

Just when investment institutions around the world, as well as the North American real estate industry and banks were in a state of turmoil because of the sudden sub-mortgage explosion, the world's three major rating agencies began to show off the blame. Like banks that constantly recover funds from the real estate industry, Standard & Poor's, Moody's, and HP all started to operate.

Standard & Poor's, Moody's and other rating agencies that have a huge impact in other regions, all of which have begun to lower the ratings of subprime mortgage bonds in North America.

This wave of operations shocked the entire investment industry. Last night, a number of banks such as Riben, Bangzi, Germany, and other endorsed the sub-mortgage of North American real estate, were directly sold by several major rating agencies today!

S&P and Moody's have no choice. They are just about to lose money when they see the mess, and then endorse the sub-mortgage of real estate. This is not a fear that even the rating agency will be brought into the ditch.

Compared with face, no one has his own life. If you can't get out of the quagmire this time, maybe just like the PPT financial master An Ran back then, it will directly turn the world's five largest accounting firms into the four.

This wave of subprime mortgages for real estate loans is nearly ten times or a hundred times bigger than Anron's one. S&P and Moody's will not escape, I am afraid that it is not for such a big storm. It is also the main institutions of subprime mortgages for real estate loans in North America, such investment banks, such as Bear Stearns and Lehman Brothers, were buried with investment banks!

When the disaster is approaching, everyone flies, let alone this time. S&P and other rating agencies almost instantly announced their downgrades to Bear Stearns, Lehman Investment Bank, McGrey Bank, and many investment banks and banks around the world, more than 100 hedge funds involved in sub-mortgage, 612 sub-mortgage funds, and 399 sub-mortgage bonds. All of them were all announced to be demoted, covering the global market almost without any difference.

Just like repeating yesterday's scene, it started from Wall Street and spread to the global investment industry, and another big dive was staged. This wave range was even larger. Almost no one who was involved in secondary mortgages was spared.

Not only the indexes of major exchanges around the world, crude oil, futures and even gold cannot withstand it at this time, and it surging down like a waterfall.

On that day, the president who dominated the secondary mortgage business of Bear Stearn Real Estate announced that in the new quarter, Bear Stearn's performance dived, and many of its funds involving secondary mortgages would face collapse. President Bear Stearn apologized to the board of directors to investors, and then directly announced his resignation. He also did not need a penny of compensation, and just patted his butt and ran away...

This operation shocked everyone. The president of one of the five major investment banks in the world ran away directly, and the president ran away directly. This operation was simply amazing, and it made everyone begin to understand that this wave of melons seems to be really big. It can make Bear Stearn’s president even need the position of president of the five major investment banks. It can be imagined how serious the problem of Bear Stearn this time.

"They are just lying. This is a disaster. It's just the beginning. It's definitely not what they say and will not have an impact on the North American economy!"

In the studio of ABC TV, Professor Nuriel Roubini was verbally criticizing the Wall Street analysts opposite. Nuriel Roubini refuted that he was a powerful figure in the North American financial department. He claimed that this was just a small trouble and was not afraid of it. The North American financial department would not carry out any rescue of the market, which was unscientific...

"Professor Nuriel Roubini, do you think this subprime mortgage incident will turn into a real storm, or even something catastrophic?"

The host of ABC TV, desperately putting Nuriel Roubini's words, was counting on this big mouth and saying some horrifying remarks, otherwise how could it increase the ratings? "Professor Nuriel Roubini, what do you think of the sudden resignation of Bear Stearn President Warren?"

This is almost like asking Nuriel Roubini directly, whether the old investment bank Bear Stearns will go bankrupt, but this is really amazing. Once Bear Stearns, which has an amazing impact on North America, has fallen, it will be too shocking.

So the ABC host, who only put aside the crow mouth of Nuriel Roubini, did not expect Nuriel Roubini to really dare to say it out.

But how could Nuril Roubini, who had been preparing for this for several years, be afraid of these things?

"Bear Stearns is likely to go bankrupt. If Bear Stearns' situation continues to deteriorate and cannot stop investors' redemption pressure, then Bear Stearns may go bankrupt. Not only Bear Stearns, but Lehman Investment Bank also holds a large number of subprime mortgage bonds, and these bonds are now garbage!"

The entire studio was staring at Nuriel Roubini, and the TV station was stunned. Nuriel Roubini's crow mouth was directly cursed by the two major investment banks on Wall Street.

You should know that these are not only two major investment banks. Countless banks, investors, and even nursing homes around the world have bought these North American sub-mortgage bonds from Wall Street investment banks. Because these "high-quality bonds" recommended by Wall Street investment banks and rated by three major rating agencies promise to give investors a 10% annual return rate, otherwise how could so many people pay.

If institutions such as Bear Stearns, Lehman Investment Banking really fall, what will happen to those who have bought those bonds?!

Faced with Nuril Rubini, who spoke wildly, ABC TV hurriedly ended the show, and he really didn't dare to ask. Even on ABC TV, executives had bought subprime mortgage bonds issued by Lehman Investment Bank. At this time, they hurriedly came to Lehman Investment Bank to redeem the principal, but whether they could get the money back depends on God's will!

This summer, for many people, they obviously don’t feel the heat, but instead they are cold all over, because as the weather keeps getting hotter, life is becoming more and more difficult.

In an fishing ground in Anyang, Chen Chu threw off the hook. Chen Chu was not very interested in fishing. Today he was accompanying Comrade Chen to fish here.

Comrade Chen and Zhou Danping have not gone out this year. In the words of Mrs. Zhou, it is because the world is vast and there is no important grandchildren who are not yet masked. Zhou Danping is preparing to take care of Bai Molu and then take care of her grandchildren.

On the other side of Kaziya, Comrade Chen also wanted to retreat. Now Kaziya is mainly managed by professional managers and Chen family members.

Under the parasol, Chen Guohua put down the newspaper, took the tea handed over by the little yellow cow Yang Guangshan, and sighed to Chen Chu, "It's really going to change the world!"

Chen Guohua was reading a magazine in the clothing industry. After several weeks of fermentation, the storm caused by the North American subprime mortgage loans finally began to spread to all walks of life. The global investment industry is wailing everywhere. The Dow Jones and the benchmark index have fallen by more than 15%. The Nasdaq, which has been hyped up by hot money, has finally started to dive straight.

Even the experienced investment veterans were a little nervous. As a belief in the global investment industry, the Dow Jones Industrial Average took 11 years to climb to the height of 14,000 points, but it only took a month to fall. According to this method of decline, even if it was rescued, it would be less than a year and it would probably fall to 6,000 points. The Pacific Ocean was probably down!

The clothing industry was finally implicated. When major banks began to tighten funds, the stock prices of listed companies plummeted, and orders plummeted, and on the verge of bankruptcy, layoffs and salary cuts inevitably occurred. The leading company was not small companies, but giant companies like Walmart and Home Depot.

Even if some people are still unwilling to believe it, it seems that countless companies are facing bankruptcy overnight, and many people wake up and suddenly find that the company is gone.

The same is true for the clothing industry. Foreign traders have suddenly lost overseas orders, and the clothes in the store suddenly begin to be unable to sell. This makes those old clothing giants still bear it, but small and medium-sized clothing brands suddenly fall into crisis at this time.

Chen Guohua couldn't help but be glad that since last year, he has followed Chen Chu's advice and asked Kaziya to go lightly without blindly expanding. Now Kaziya's inventory is not stressed at all, and there is a lot of cash in hand. On the other hand, Kaziya's opponents are living a tight life now.

Chen Chu fished for a while, and saw the fishing rod that was not moving at all, so he threw it aside and leaned on the recliner. "Now for Kaziya, it's an opportunity. I don't think any clothing brand can reject Kaziya's investment!"

Nowadays, major clothing brands at home and abroad just feel that life is starting to be difficult, but after waiting for a while, I guess they will start to feel that they can't hold on. At that time, I'm afraid they will come to the door to beg for investment from Kaziya.

Chen Guohua was quite moved. If he could give Kaziya the throne of the largest clothing brand in China before retirement, it would be an explanation for him in the past few decades.

"I want to check this and let Kaziya's management come up with a plan!" Chen Guohua hesitated and said.

If Kaziya is really ready to take action, then it will take a lot of domestic clothing brands to be brought into Kaziya's camp. Whether it is the clothing brands Yageol, Mesterbonwe, or sports brands Li Ning, Xtep, Anta, etc., Kaziya will all be involved. Not to mention that they are like LVMH Group, they will be able to take all of these brands into their pockets, but they will definitely be brought into Kaziya's camp.

"Mr. Chen, Director Douglas, KPCB, called again and said he wanted to talk to Mr. Chen himself, otherwise he would come to Anyang!" Qiao Xueling came over and said to Chen Chu.

The investment industry has become popular and can't hold it in any way. I'm afraid Douglas Collinger was launched by Chuko's investors to talk to Chen Chu.
Chapter completed!