Love Guide for Childhood Sweethearts

"The extent of this financial crisis's impact on the economy depends on its magnitude," Lin Xingzhi said, his dark eyes twinkling. "There's a small crisis every five years, and a major one every ten years. Sooner or later, the benefits will shrink. I'm looking forward to the day they start fighting. What a bunch of selfish guys."

"Yeah!" Lin Jingzhe nodded slightly. "Investment banks were not only at the heart of securitization during the subprime mortgage crisis, but they also held the coveted top spot on Wall Street," he continued slowly. "In 2006, Goldman Sachs' average year-end bonus reached $660,000 per person, which was a real shock. Compared to other industries, investment banks can easily earn over a million dollars a year. And when ordinary people's dreams of getting rich through real estate are shattered, and they've already pocketed tons of cash, who else can they blame but the investment banks?"

"The executives even cashed out and left early!" Lin Xingzhi said angrily, "Everything has a traceable path."

Lin Jingzhe snorted unkindly when he heard this, "Now I'm afraid that the more we save them, the harder they'll fall! The less confidence we have."

"The market is so strange. Why would you save it if you say there's nothing wrong with it? If you take action, there must be a problem." Lin Xingzhi muttered to himself after hearing this.

"Human hearts are like this, and so is human nature, so unpredictable! Chasing the rise and selling the fall!" Lin Jingzhe woke up completely and sat up, leaning against the soft back of the bed. He looked at his phone and it was past four o'clock.

Lin Xingzhi sat up and said, "I've been checking the financial reports released by European and American financial institutions these days..." He swallowed and said, "Oh my God, last year, New Century Financial went bankrupt, Deutsche Industrial Bank suffered huge subprime losses, BNP Paribas' hedge fund stopped redemptions, the European Central Bank injected capital into the financial market, Germany's Saxon Bank suffered huge losses, Barclays Bank withdrew its huge subprime exposure, Northern Rock Bank in the UK suffered a bank run, and Deutsche Bank wrote down its assets. At the beginning of this year, JPMorgan Chase acquired Bear Stearns..." He pursed his lips and said, "Europe is basically a branch of Wall Street. European financial institutions represented by Deutsche Bank, UBS, and BNP Paribas were deeply involved in subprime mortgages. Judging from the public data reports, Europe's financial leverage is higher than that of the United States, and it is many times higher."

"Europe has been hit the hardest this time," Lin Xingzhi said sympathetically. "Imagine what will happen to the European stock and foreign exchange markets tomorrow afternoon!"

"Why don't you talk about our Big A!" Lin Jingzhe teased when he heard it.

"Tsk...our A-share market is a policy-driven market. It's bound to fall when the US stock market falls." Lin Xingzhi sneered, "I don't know how low it will fall again."

"It can't be guaranteed even in the Olympic year." Lin Jingzhe shook his head and laughed.

Lin Xingzhi took a deep breath and said, "Globalization cannot be immune to its impact. I just don't know how far it will fall."

"The worst case scenario is free fall!" Lin Jingzhe said with wide eyes, "Can it return to zero?"

"You're going to scare me to death!" Lin Xingzhi swallowed his saliva after hearing that. After a moment's thought, he added, "It's better to lie down. Otherwise, we won't be able to defeat the Americans in this financial war. If they really let go completely, everything we've worked so hard to accumulate over the years will be swept away by them."

"If we really open up, we can't let them take the money away. They can leave, but the money remains." Lin Jingzhe said with a bloodthirsty smile in his eyes, "And they have to be willing to do so."

"You have the ability." Lin Xingzhi's eyes lit up instantly. "We have paid a lot of tuition fees over the years."

"You learned finance from the West, so you're naturally inclined towards the West." Lin Jingzhe's deep eyes turned and he said, "You have to build your own financial system."

"You're really bold." Lin Xingzhi picked up the water glass and took a sip of boiled water.

"Why wouldn't you dare think about it? The Western order has only been established for a few hundred years." Lin Jingzhe said slowly, "It can last for thousands of years! Why dream of such a long-term future? Rules are meant to be broken."

"Then what kind of rules should be established?" Lin Xingzhi asked with interest.

"Looking for our charming ancestors!" Lin Jingzhe said with a smile, "All ancient history is contemporary history." He said angrily, "Are we just going to make trousers, socks, and shirts forever?" His beautiful eyes turned slightly and he smiled and said, "What did you learn?"

"Uh..." Lin Xingzhi let out a small laugh. He studied computer science and mechanics, "Of course I don't want to keep working in low-end manufacturing."

"We don't have the habit of being dogs to others." Lin Jingzhe said proudly, "We broke up with the Russians back then, wasn't it because the Russians wanted us to be their little brothers?"

Lin Xingzhi pouted and said, "For five thousand years, we have always been number one in the world." His starry eyes curved into crescents.

"Yeah!" Lin Jingzhe nodded with a smile, and said, "We have to thank the head of the Mao Xiong family for breaking the contract first. Otherwise, we would still be calling him Big Brother!"

Lin Xingzhi's eyes flickered slightly when he heard this, and he gently stroked his chin with his index finger. "Is this very interesting?"

"What's interesting?" Lin Jingzhe asked casually with a puzzled look.

"We are people of integrity." Lin Xingzhi's bottomless eyes flickered with a smile as he said, "The responsibility is not ours."

"That's right!" Lin Jingzhe said with his amber eyes sparkling, "I feel guilty when I eat someone else's food, and I feel soft-handed when I take someone else's money. I slapped a lot of people in the face and woke them up. People still have to rely on themselves."

"Haha..." Lin Xingzhi raised his eyebrows slightly and said, "This is intentional."

"Go with the flow." Lin Jingzhe said calmly.

"The time, the place and the people are all right!" Lin Xingzhi said with a smile in his starry eyes.

&*&

"What you're saying is that the subprime mortgage crisis is actually a financial crisis with Europe and the US as its epicenters, spreading liquidity tightening to the entire world." Lin Jingzhe said with a deep gaze, "Now everything has fallen."

"Yes! Capital risk appetite is declining rapidly, and capital will definitely flee from emerging countries and withdraw back to the United States." Lin Xingzhi sighed with emotion.

"Where do you choose to invest, the stock market, foreign exchange market, or commodities?" Lin Jingzhe asked with interest.

"Commodities, oil! Short sell!" Lin Xingzhi said gently, "The economic crisis has caused demand to shrink. Oil, the lifeblood of industry, can't remain so high." He continued, "It rose to $147 a barrel in July. It was still trading high when I entered the market." He smiled and added, "It was rising unilaterally before, so it should have plummeted."

"The impact on our finance is relatively small. Our financial institutions have not purchased a large number of financial products that they packaged and promoted. What is affected is the real economy. They have no money in their pockets, and consumption is sluggish. Factories will lose orders, factories will go bankrupt, and workers will lose their jobs." Lin Xingzhi said with a deep look in his eyes.