Marvel Black Hole Eye

Chapter 73 Subprime Mortgage Crisis
Radius 32 meters.

The time is July 3th.

Disembarked from New York Bay.

I got a new ability, I really want to use it.

But he didn't want to expose himself, after all, the only thing he exposed before was ignoring bullets and long-range rainbow light.

If the American government knows that their abilities can still evolve, God knows if they will be impatient.

Bai Jing still wants to play slowly, but he doesn't want to end so soon.

"Play a trumpet?" Bai Jing thought for a while. The well-known person who can manipulate the five senses is naturally Aizen Kuyousuke. Unfortunately, Bai Jing has never seen the god of death, so he has no idea what this person looks like. No matter what he looks like, you can tell that this person loves to smile when he wears glasses.

This understanding is still known by colleagues, such as Naruto Aizen Kuyousuke, Pirate Aizen Kuyousuke, Fairy Tail Aizen Kuyousuke, Marvel Aizen Kuyousuke, One Punch Man Azure Dye suddenly right referral.

There are also many Hokage who are good at illusion, such as Uchiha Itachi, but this is not the same type as Hakukage, Kurama Yakumo can control the five senses.

But it was also a reason, he had never seen Hokage, so he didn't know what this person looked like.

Thinking about it this way, the person I am more familiar with, and who is also related to the mirror, seems to be LeBlanc, the witch of tricks?

But women's clothing or something. . .

Bai Jing simulated in his mind what he would look like in women's clothing.

Emmm, as expected of me, the women's clothing also shocked the audience.

But if it is really a last resort, he can do it, but let's forget it now.

Well, let's go back to study.

Bang!
With a gunshot, the whole street suddenly boiled.

Bai Jing subconsciously tilted his head, only to realize that although the gunshots were very close to him, the target was not himself.

Turning his head and looking over, he saw a bald middle-aged man aged 3 to 40, with a red sweater on his upper body, jeans on his lower body, a wide belt on his waist, a bucket of paint tied to the belt, and paint spots all over his body. Looks like a painter.

He held a Beretta-91 in his left hand, and held a 20-year-old blonde girl in his arms.

The two stood on the side of the street, leaning against a wall.

"Please, OH, Pleas..." The girl repeated this sentence over and over, the bald man looked around nervously with a gun in his hand, and there was a black man lying next to him, who was shot in the left chest, the bullet went straight into the heart, and it was hopeless.

"Get out of the way, get out of the way!" the painter yelled, turning his head: "Let your boss come out, if you don't come out, I'll kill him right here!"

Bai Jing looked up, Union Bank.

"What's the situation?" Bai Jing asked.

"It's not because of the housing prices..." An old white man next to him casually said, "The housing prices have been falling, who can bear it!"

Isn't it good that the price has dropped?

Certainly not good for countries with high loan rates and low employment rates.

The high loan rate means that most people buy a house with a loan. For example, if a person buys a house with a loan of 300W, he needs to pay 40W in interest. No loss.

If a person has a stable job, can repay the loan on time, and buys a house to live in, it makes no difference to them whether the house goes up or down.

But there are still some people whose jobs are unstable, and it is normal for them to resign and re-employ. Such people often cannot repay their loans and default on their loans.

Because they have defaulted on their loans many times, their credit ratings will be lowered. If they want to get another loan, they need a higher interest rate. For example, ordinary people have to pay 100W for a loan of 120W.

In this way, the credit rating is lowered, and people with higher repayment interest are called subprime borrowers.

They took out a loan, bought a house, and ended up losing their jobs. If the price of the house is still rising, they can repay the loan by selling the house, but now that the house is falling in price, they can’t repay the loan even after selling the house.

The bank will take away the houses of those who cannot repay the loan, but at this time the house price is falling, and the bank will lose money if it takes the house and sells it.

One or two subprime borrowers, even if they lose their jobs and buy a house, it doesn't affect the overall situation, but there are too many such people!

As a result, a large number of subprime borrowers had no money to repay, and their houses were mortgaged to banks, and the banks lost money in their hands. In the end, subprime borrowers went bankrupt, banks went bankrupt, and a large number of mortgage institutions went bankrupt.

And when people and banks go bankrupt, no one will buy houses, and more people will be unemployed. As a result, more subprime lenders will go bankrupt, and more banks and mortgage institutions will be dragged down.

This is the subprime mortgage crisis, a financial crisis triggered by falling house prices, but at its root, there are too many poor people and too high unemployment.

This crisis has begun to show signs since 2006, and now it has begun to expand on a large scale in 2008.

Bai Jing glanced at the painter in front of him and smiled lightly.

There are so many economists in America, and there are not many Nobel Prize winners. Haven't they seen the outbreak of this crisis?
Sure saw it, but no one would care.

Because the decline in housing prices is a carnival of capital, the poor have sold their houses, and the rich are just buying the bottom?
They don't think you've lost a lot, but they think that the price drop is not bad enough now, and they need to make it worse!
An interesting fact is that after the end of the subprime mortgage crisis in 09, there seems to be no such thing as subprime mortgages in America.

why?

Because everyone can't afford a house, they can only rent a house.

If you don't buy a house, it has nothing to do with subprime mortgages.

Then you have to ask, what if the renter has no job and goes bankrupt?
Then you can only be a tramp.

Aside from welfare agencies such as Wal-Mart or some charitable organizations that distribute food, homeless people in America do not have any benefits, let alone any security. They have no identity and cannot find a job.

Only a small number of them have made a comeback, and some of them have been made into movies, such as "When Happiness Comes Knocking on the Door". Common things in life will not be made into movies.

In other words, the existence of homeless people has no burden on America.

Of course, wandering here also has a little advantage, that is, the food waste here is very serious, and if you just rummage through the trash can, you won't starve to death.

Will the people not protest?

Yes, but the higher-ups will tell you that immigrants have taken your job opportunities, you should blame them, and then I will build a wall next door to prevent them from coming in, see if my idea is good, please be careful Follow and vote (don't comment here). .

Bai Jing can't do much in this process, he can only short the stocks of a few more mortgage institutions, and when these mortgage institutions go bankrupt, I will reluctantly put their money into my pocket.

After all, money is the root of all evil, I help you take away the pain, am I not a good person!
"Alas!" After shedding a few tears, Bai Jing turned around silently, only to hear another gunshot behind him.

Well, it has nothing to do with me, I'm just a melon eater.

Walking along the Hudson River, when approaching 33rd Street, Bai Jing was shocked to find a very familiar person standing by the river.

"What is he doing here?" Bai Jing looked curiously, and then he heard the man shout to the sky: "Dad, Mom, I'm sorry, my son is not filial, I will support you in the next life!"

Then jump in!
"Damn it!" Bai Jing was speechless, this unlucky kid committed suicide, it couldn't be because of me!

　It's still early, I'll write another chapter

　　
　
(End of this chapter)