Holding the Daily Economy newspaper in his hand, Jin Jingcheng stood up from the living room sofa, walked to the balcony outside the living room, and looked at the sky.

The sky was gloomy, as if it was planning something. The bustling Seoul was like a complicity in the sky, looking a little dead. The streets were filled with wind, and vehicles and pedestrians became in a hurry.

It is clearly spring, and it is clearly around 8 o'clock in the morning. Such a weather is abnormal.

Jin Jingcheng looked at the city under the sky, and something was brewing in his heart.

At this time, Lin Xiujing, who had already washed the dishes, came over and said, "Look at the weather, it's going to rain?"

Jin Jingcheng nodded: "It's not only raining, but also a storm."

As soon as he finished speaking, a dazzling lightning flashed in the distant sky, and then a sudden thunder sounded, shaking the entire Seoul.

Lin Xiujing hurriedly said, "Let's go into the house."

Jin Jingcheng shook his head: "I want to watch the arrival of this storm with my own eyes."

Jin Jingcheng's words mean something else, but Lin Xiujing couldn't understand it, and felt that Jin Jingcheng seemed a little strange.

But who made him the man she was obsessed with and flattered with? Since he wanted to be strange, Lin Xiujing would accompany him to wonder.

The two stood side by side on the balcony, looking at the gloomy Seoul street scene in silence. The sky in the distance kept flashing with lightning and the sky kept ringing with thunder.

After twenty minutes like this, the storm really came.

Huh huh huh... The strong wind whistled and raging in the city of Seoul.

Papa... It was raining heavily, and the city in Seoul began to trample on.

This is a rare storm, and Lin Xiujing sighed: "What a heavy rain. It's so strange that there is such a rainstorm in the spring of Seoul."

Jin Jingcheng nodded.

There are few storms in spring, and there are very few storms in spring in Seoul.

At this moment today, a rare storm suddenly came.

Jin Jingcheng pinched the Daily Economics newspaper in his hand and thought to himself: "Is this a coincidence or is it God's will?"

Jin Jingcheng knew that storms could cause serious crises, such as floods, soil erosion, project crashes, house collapses, embankments, flooded crops, traffic and telecommunications interruptions, etc. Once these crises occur, they will cause serious economic losses.

But this storm in the weather is not what Jin Jingcheng really cares about now.

What Jin Jingcheng is really concerned about now is the Daily Economics newspaper in his hand.

Jin Jingcheng said, "Let's go into the house."

"Why did this guy suddenly become so strange?" Lin Xiujing wondered, and followed Jin Jingcheng into the living room.

Jin Jingcheng sat on the sofa, reopened the "Daily Economy" in his hand, read the news "American New World Financial Company encountered a subprime mortgage crisis and was expected to file for bankruptcy protection", and sighed again: "The storm is coming!"

Lin Xiujing looked out the window and felt puzzled: "Didn't the storm have arrived?"

Jin Jingcheng shook his head: "What I am talking about is not the storm in the weather, but the storm in finance."

Lin Xiujing was even more surprised: "The storm in finance?"

Jin Jingcheng smiled mysteriously and had no intention of explaining.

...

The news "American New World Financial Company encounters a subprime mortgage crisis and is expected to file for bankruptcy protection" reads: "In February this year, New World Financial Company issued a profit warning for the fourth quarter of 2006, which showed that it was facing a serious subprime mortgage crisis... According to recent US media reports, New World Financial Company is expected to file for bankruptcy protection..."

Although "Daily Economics" released this news, it was just reported as an ordinary American economic news. It did not realize in advance the seriousness of this news, and did not realize in advance that the subprime mortgage crisis encountered by the US New World Financial Company was just the beginning of the large-scale subprime mortgage crisis in the United States, and it will eventually evolve into a US financial crisis and spread rapidly to the world, including South Korea!

"Daily Economy" is the largest and most authoritative economic newspaper in South Korea. As early as 1997, "Daily Economy" accurately predicted this economic and financial disaster and provided decision-making suggestions for how South Korean rulers responded to the terrible financial crisis. It was precisely because of the accurate and timely forecasts and suggestions of "Daily Economy" that South Korea copied the newspaper's decision-making suggestions intact after the financial crisis that the newspaper was later hailed as "South Korea's life-saving straw" and became one of the four most popular paper media among South Korean leaders, college students, financiers and scholars.

"It's a pity that "Daily Economy" made a mistake this time and failed to predict the upcoming financial crisis in advance!"

Jin Jingcheng looked at the "Daily Economy" in his hand and sighed in his heart. No wonder, there is still a lot of time before the outbreak of the US financial crisis, and this US financial crisis was caused by the subprime mortgage crisis, so it is not easy to predict in advance.

If Jin hadn't been impressed by this financial crisis in his previous life, he wouldn't have judged that the United States would have a financial crisis through such a news article in "Daily Economics", and that this financial crisis has spread to the world!

In his previous life, in 2008, Jin Jingcheng was 25 years old. He realized that his life should not be lonely and miserable, so he began to work hard. In the second half of the year, he was lucky enough to work in a film and television advertising company in Zhejiang. However, in early 2009, the film and television advertising company went bankrupt due to the impact of the financial crisis. Because of this, Jin Jingcheng held a grudge against the financial crisis and later specifically searched for relevant information.

The outbreak of the financial crisis is a very complicated matter. If explained in detail, it will involve many complex and professional nouns and theories.

The upcoming US financial crisis, to put it simply, is mainly due to the subprime mortgage crisis.

What is the subprime mortgage crisis? Simply put, it is: some American lending institutions provide loans to many people with low credit income to buy houses, which is subprime mortgage. After these Americans buy houses with loans, they find that the house price is much higher than the actual price, and then they are very angry that if they don’t pay back the bank’s money, it is the subprime mortgage crisis.

Let's give an example:

You only have 100 yuan, and you lend this 100 yuan to Classmate A, the interest rate is 8%. You don’t ask for his collateral (so the interest rate is high), and you issue a 100 yuan bond to Classmate B and give him 5% interest. The mortgage you give him is the previous 100 yuan loan from Classmate A. It means that if you can’t pay back the bond of this 100 yuan bond, Classmate A’s 100 yuan loan can be used to repay Classmate B’s debt. It seems that Classmate B is guaranteed, but you have 100 yuan in hand and can borrow from outside. You earn a 3% interest spread in each round, you borrow and borrow again, and you will earn several 3% after a few rounds...

The crisis has accumulated like this. One day, classmate A told you: Not only did I not make any money on the things I bought, but I also fell a lot. I couldn’t sell them anymore and couldn’t pay back the loan. Even if you killed me, I couldn’t afford to pay back your money!

So you were stunned, and classmate B was also stunned...

With such accumulation, the United States will have a financial crisis, and when the United States, the world's economic giant, has a crisis, the entire world's financial market will have a tsunami!
Chapter completed!