When I am reborn in Hong Kong, I just want to lie down

In times of prosperity and carnival, crises always come unknowingly.

It has been seven years since Asia's last financial crisis; and four years have passed since North America's crash and attacks on high-tech stocks

仿佛一切都在向着好的方向发展，自2001年1月开始了长达2年半时间的大幅降息，到2003年6月，联邦基金利率降至1%。

Stimulated by America's loose monetary policy, GDP rebounded strongly and a large amount of credit funds were invested in the real estate market.While the economy is recovering and demand is rising rapidly, the core inflation rate is also showing signs of rising rapidly.

According to the original trajectory, the inflation rate will rise to 2004% in June 6.In order to prevent further rise in inflation, prevent the economy from overheating, and suppress the real estate market, the Federal Reserve once again made active monetary policy adjustments and began to raise interest rates again in June 1.9.

The interest rate hikes lasted for two years, until June 2006, with a total of 6 interest rate increases, with a total increase of 17 basis points, and the interest rate rose from 425% to 1%.Each rate increase was kept at 5.25 basis points, achieving small and steady rate increases over two years.

However, in fact, this interest rate hike only started in 2005. Starting in January 2005, the Federal Reserve began to raise interest rates, which was delayed by seven months.

Why is this happening?Historically, this was to control inflation by controlling the supply of money to achieve the goal of controlling inflation. However, although housing prices rose, prices did not rise too much. By January 2005, the inflation rate only rose to 1%.

But the Fed saw this as a dangerous signal and decided to start raising interest rates.

Why has inflation only reached 1.8% at this time?In North America, there are a large number of underground factories, and goods are imported to North America from various countries around the world, and prices have always remained at a low level.

This is a moderate social environment. North American people live a comfortable life, and no one is taking their jobs. Moreover, their quality of life has improved.

From this moment on, North America ushered in 17 interest rate hikes, starting in January 2005. This interest rate hike lasted for two and a half years until July 1, with a total of 2007 interest rate hikes. 7 basis points, the interest rate increased from 20% to 500%.Each rate hike has been kept at 1 basis points.

America's interest rate hike has successfully achieved its goals of controlling money supply and controlling inflation.

During this round of interest rate hikes, America's GDP growth has remained at 3%, and the unemployment rate has remained near 5%, declining slightly.

From the perspective of the impact of interest rate hikes on the financial market, the Dow Jones Industrial Index continued to rise during the interest rate hike cycle, rising from 2005 points in January 1 to 13435 points in June 2006, reflecting the continuous decline of the American economy during this period. good growth trend.

In the international market, the U.S. dollar index did not rise sharply after the interest rate hike, but continued the trend of U.S. dollar depreciation since 2002.

Since the U.S. dollar did not strengthen significantly during this interest rate hike, it did not trigger an excessive return of international liquid capital. Instead, it has been flowing out. The speed and volume of outflow have been increasing, as if someone has been bleeding América.

This round of interest rate hikes has become the trigger for the subprime mortgage crisis in America. Without the interest rate hikes, the crisis would have broken out, but the time would have been pushed back and the impact would have been greater.

Li Bu lamented: "There are always people who are very visionary and forward-thinking. Although the inflation is only 1.8%, they have started to raise interest rates. It is really a pity."

During this process of interest rate hikes, a large number of real estate companies in North America began to go public, raising large amounts of funds on the grounds of supplementing the company's liquidity. The performance and qualifications of these companies are also very good.

The listing process was very smooth. Now is the real estate boom, so they are naturally popular. And the small funds hidden in these companies began to slowly cash out their stocks as soon as the lifting period came.

California Anderson Real Estate Company and another company, Jason Real Estate Development Company, are both listed companies. The businesses of the two companies have strong overlap.

Jason Real Estate Company has issued a merger offer to Anderson Real Estate Company. After the merger, the two companies will form the largest real estate company in California.

There are now more than 30 real estate companies in North America, some of which have been listed through backdoor listings, and some have been acquired by other listed companies. There are many types of real estate companies, but it is very rare for two real estate companies to merge and go public.

Anderson said: "My business is doing well and does not need to be merged. You Jason Real Estate Company should just play in the mud in the countryside."

After hearing this, Jason shouted in the newspaper: "We have high profits, advanced business philosophy, and very good workers. Since you don't agree to the merger, let's start competition."

In California, two real estate companies are engaged in a price war. Both parties have cut prices and sold off the projects in their hands. The projects are 10% cheaper than other surrounding real estate companies, which is equivalent to a [-]% discount. They also give away home appliances, game consoles and other activities.

"Boss, if we do this, we will arouse the opinions of our colleagues around us." Anderson was not as bullish as the newspaper made him out to be, but rather a bit weak.

Li Bu looked at him and said, "Do you want to go bankrupt, sleep under a dirty bridge or on the roadside, and live a life of receiving welfare benefits?"

"No, boss, that's not what I meant, I just..."

"You just need to remember one thing. If you sell these projects quickly now, you can get the funds back and repay the loans. Otherwise, you will definitely end up in a miserable end. I said, God can't help you." Li Bu The words made Anderson feel cold inside.

The real estate market in California is growing slowly now, and there are already signs of problems, but they have been masked by the booming market.

Anderson once again shouted in the newspaper: "We must defeat that guy from the country and let them know that not everyone can mess around in California."

Anderson Real Estate has given more gifts and issued the slogan that if old customers bring new customers, they will be rewarded.

Not to be outdone, Jason Real Estate also began to increase price cuts, and they fought hard.

North America is a free economy, and price reductions are corporate actions. No one interferes. The two real estate companies are using more and more promotional methods. Their peers are watching and eating, and no one feels that it is the two real estate companies who are acting; and those second-hand houses, But some of them can’t be sold.

Jason Realty again made a tender offer to Anderson Realty shareholders, but it was still rejected.