Speaking of who is the most terrified of the Y2K bug.
Greenspan is the one who is terribly afraid of the Y2K bug.
Because he had just dealt with the impact of the East Asia financial crisis and the mess of Long-Term Capital Management not long ago, he was still afraid of the crisis.
He had not felt the crisis in the dot-com stocks before, but after listening to Wang Lei's words, he felt uneasy.
As a national currency manager, he naturally knew about the Y2K crisis.
Wang Lei's words undoubtedly increased his fear of the Y2K bug.
He also had a hunch that the Y2K crisis would lead to the collapse of dot-com stocks.
As a fan of flooding, his means of dealing with the crisis are not much better than any other trick.
Whenever there is a sign of a big drop in the stock market, he will cut interest rates and flood the market as soon as possible.
Sure enough, after listening to Wang Lei's words, he cut interest rates by 25 basis points in the following September, October and November, respectively, and reduced the federal funds rate from 5.25% to 4.75%!
The effect was very good. Internet stocks began to soar like wild horses.
But he didn't expect that there had to be enough money to build a bubble.
When the water is full, it will overflow!
At the same time, a big thing happened in the United States.
Gates, the richest man in Microsoft, did not escape the investigation of the antitrust team.
However, at this time, Gates had been the richest man for 3 years, and his state of mind had changed greatly.
Facing the antitrust charges of the judicial department and 19 states, Gates seemed very arrogant.
Now Microsoft, with a market value of nearly 400 billion US dollars, is a behemoth. He knows very well that the official cannot dismember Microsoft.
No one can touch Microsoft.
So the arrogant Gates wrote disdain on his face.
Even for a long time after the trial, he did not attend in person.
Only when he had to show up, he participated in the trial through video.
The court was angry and helpless about his condescending way of speaking.
Microsoft intentionally blocked the news, and the public has not yet realized the consequences behind it.
…
One year later.
Wang Lei took Qi Xiaona's child Wang Duoxin for a walk on the Hollywood beach.
The child's mother was taking pictures of the father and son.
It was already October, but the temperature at noon was still around 24 degrees.
Wang Duoxin was past the best time to move, and now he was quietly watching the sea.
Wang Lei held the child with one hand and listened to the voice coming from the headphones casually.
"Lei, the federal judge will make a preliminary judgment on Microsoft at the beginning of next month. According to our prior discussion, its business behavior will constitute a monopoly. You should prepare early."
"Okay, thank you for your cooperation, Mr. President!"
After hanging up the phone, Wang Lei looked at the blue sea and was silent for a while.
Then he called Robert.
Robert couldn't wait to ask: "Boss, is there any news?"
"Yes, the federal court will make a preliminary judgment at the beginning of next month."
"Then let's start?"
"Yes, you should sell Microsoft's stock first, and then start to clear out the stocks of other companies one by one."
Robert took the order and left, and you can hear that there was a tremor in his voice.
Yes, Microsoft's market value has reached 500 billion US dollars, which is the largest gathering place for Cayman Capital and Wang Group. If you don't run now, it will be difficult to run again when the public reacts.
He gave the same order to the investment director of Wang Group: clear out Microsoft's stock within one month!
The Federal Reserve's judgment on Microsoft is just a warning to the tech stocks that have gone off track, but in Wang Lei's view, this warning came a little late.
However, this is only a preliminary trial, and Wang Lei still has time to evacuate.
When it is reported in April next year that the official will split Microsoft, it will be a real disaster.
In the next few months, the IT industry will evaporate 5 trillion US dollars!
"Dad, I've thought of a birthday present."
Wang Duoxin's voice interrupted Wang Lei's contemplation.
"What present do you want me to give you?"
"I want a big island with a private beach."
Qi Xiaona laughed secretly on the side:
"Duoxin, your birthday wish is much more reliable than last year's."
Wang Duoxin's birthday wish last year was to raise a water monster.
In order to fulfill his child's wish, he mobilized several scientific expedition teams to conduct an investigation of Loch Ness.
The result was naturally empty-handed.
This year's wish may sound unrealistic to ordinary people, but it is not a problem for Wang Lei.
Wang Lei, who always responds to Wang Duoxin's requests, will naturally not be stingy with his eldest son.
He immediately called the person in charge of Wang's Real Estate and asked him to find an island suitable for purchase."The natural scenery should be good and suitable for living. The most important thing is safety. The budget should be within 1 billion US dollars."
After listening to the needs of the small boss, the senior worker immediately found a favorite object. He took the map handed over by his subordinate and said:
"Boss, Lanai Island is the sixth largest island in Hawaii, also known as Treasure Island. It was used to grow pineapples before. The latest inquiry was 600 million US dollars."
The other party sent the detailed information to Wang Lei's email.
It is only 60 miles away from the famous Honolulu and covers an area of 365 square kilometers.
What makes Wang Lei most satisfied is that it has a 75-kilometer coastline and less rainfall.
"Boss, we have visited Lanai Island before. We can build 18 beautiful beaches and make it a tourist destination!"
Wang Lei was also very satisfied after hearing this, but he didn't want to open it to the public after buying Treasure Island.
"Buy it, I want to turn it into a private island!"
"Private island?"
The other party secretly felt it was a pity. If Treasure Island was handed over to him, it would be enough for the Wang family to have another cultural tourism project that would make a fortune every day.
"Dad, I want to build a castle on the island, bigger than the one in Disney, and I want to build a large amusement park..."
Wang Lei directly put the phone on the loud speaker, and the senior worker on the other end of the phone hurriedly wrote down the young master's requirements.
The more he listened, the more frightened he became. If he did it according to the young master's requirements, he would have to spend at least 2 billion US dollars. Isn't it a bit extravagant?
"Just change it according to Duoxin's requirements, and the money will be directly deducted from the company's account."
The worker couldn't help but ask one more question:
"What if Mr. Wang asks?"
"Just say it's a birthday gift for his grandson."
It's no wonder that the other party would be so talkative. Recently, Wang's Real Estate has expanded greatly in North America, and its debts in banks have been continuously increased, reaching a very scary number.
Many old company employees advised the two CEOs to invest in a safer way.
But the two turned a deaf ear to this, and some outsiders were terrified for the Wang family father and son.
Once Wang's real estate collapsed, it would be a big shock to the global real estate industry.
The reason why the father and son were so unscrupulous was that their confidence came from technology and Internet stocks. They mortgaged the stocks of technology and Internet companies to major banks around the world.
In exchange for a large amount of liquidity, they invested in real estate.
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