Rebirth: My dad is a coal boss

Although he liked Lin Hao a little, King Dong still had his own principles and did not take the club handed over by Lin Hao. After seeing it, Ivanka hurriedly took it and said.

"My dad likes playing golf the most. He has liked this club for a long time, but he has never been willing to buy it." After saying that, he glared at King Dong.

"Don't stand, sit down." King Dong felt a little embarrassed by Ivanka's look, after all, he had promised Ivanka.

Lin Hao kept smiling and sat down directly after hearing what King Dong said. Ivanka was with Lin Hao. She was a little worried about what would happen next. Sure enough, she heard her father asking Lin Hao.

"Boy, you spent 3 billion US dollars to acquire a company called Google some time ago. You really lost your mind. With so much money, why not invest in anything else? Investing in real estate will definitely make a lot of money."

At that time, I saw in the news that Lin Hao spent 3 billion US dollars to acquire a company that no one had ever heard of, and he also scolded Ivanka. This is 3 billion US dollars. I don’t have so much assets. Where did this kid get so much money, and he also acquired such an unknown company.

"Real estate does make money, and according to my analysis, the US federal funds rate will be further lowered this year, and may even be adjusted to 1%. At that time, the US real estate industry will usher in unprecedented prosperity."

Lin Hao's words surprised the King of Understanding. He just took advantage of the topic to belittle Lin Hao's investment. In his opinion, acquiring Google was really a very bad choice. Unexpectedly, Lin Hao agreed with real estate very much, and also speculated that the federal funds rate would be further lowered.

You should know that after the bursting of the US technology bubble in 2000, in order to boost the economy, under the leadership of Greenspan, the Federal Reserve interest rate was adjusted all the way. The federal funds rate has been adjusted from a high of 6.5% in 2000 to 1.75% in 2001, which is less than 2%.

If it is further lowered, the interest rate is really very low, which is indeed conducive to the prosperity of the housing market. King Dong can't take care of making things difficult for Lin Hao. Although he has invested in many industries across the borders in recent years, his main business is still real estate.

King Dong looked at Lin Hao with a confident face, thinking that Lin Hao has a financial company on Wall Street, whether he has obtained any inside information, and then asked Lin Hao.

"What did you base your conclusion on? You know, the current interest rate is already very low?" King Dong asked Lin Hao with a look of disbelief, but he was actually very curious.

"The reduction of monetary interest rates will inevitably prompt people to seek asset reserves other than currency. After the stock market crash in 2000, people are still in shock and still have lingering fears about the stock market. Now that the loan interest rate is so low, real estate will inevitably become a worthy investment target.

In recent years, with the continuous reduction of the Federal Reserve's interest rate, US house prices have risen step by step. In recent years, the average annual growth rate of US house prices has exceeded 6%. At the same time, the discount rate has dropped from the original 6% to the current minimum of 0.75%.

So in order to boost economic development, I guess the government will further stimulate the market, and the real estate industry will usher in unprecedented development. If uncle is interested, we can cooperate. You also know that I have a financial institution on Wall Street, and your main project is real estate."

Lin Hao's words made King Dong's heart move instantly. He had long wanted to expand the scale, but unfortunately because of several previous bankruptcies, his credit is now stinking dog shit in the bank, and few banks are willing to lend him money now.

King Dong looked at Lin Hao's unbelievably young face, and suddenly thought that this guy was worth more than himself, which made him a little depressed. However, when he thought that he could solve the problem of funds after cooperating with Lin Hao, King Dong was very happy.

"Really?" King Dong asked worriedly.

"Of course it's true. I think you are right. Investing in real estate will definitely make a lot of money, so why not?" Lin Hao said with a smile.

Lin Hao had long seen the nature of King Dong as a businessman. As long as he could bring him benefits, everything was fine. Not to mention his daughter, everyone else could be sacrificed except him.

As for investing in real estate, it was just to get closer to him. It happened that his main business was real estate. In the next few years before 2008, the real estate industry in the United States will usher in great development and will be unprecedentedly prosperous.

I can make a lot of money by investing now, which is a good way to kill two birds with one stone. I just need to sell all my stocks when the subprime mortgage crisis first emerged in 2007. At that time, the global financial crisis will come, and my chance will come again. If the Iraq War was a minor incident, then the credit crisis in 2008 was a real disaster.

The subprime mortgage crisis in 2008The mortgage crisis actually began to brew in 2000. However, after the US federal funds rate was adjusted to 1% in June this year, it will further promote the prosperity of the housing market in the future. At that time, various CDS contracts and asset securitization will be launched. In 2007, the total value of the global CDS market reached 62 trillion US dollars. The total value of US subprime mortgage bonds is only 7 trillion US dollars.

There are huge interests in this. All levels of American society can be said to have participated in it. At the craziest time, you don’t need any assets or any collateral, even if your credit is negative.

The person who handles mortgage loans in the bank stands on the street and pulls passers-by at random. After obtaining his ID and signing, a loan contract and a sales contract are signed. Before the passer-by understands what is going on, he owns a house. Of course, at the same time, he also bears a huge debt to the bank, and he may not even have the next meal.

At that time, many homeless people on the streets of the United States owned their own houses.

"Haha, my daughter really didn't make a mistake. It's great to date Ivanka. No one can resist her charm, even me..."

Ivanka was very happy to see the two of them talking happily. She was afraid that Lin Hao would be unhappy because of her father's difficulties. Unexpectedly, Lin Hao resolved her father's difficulties with just a few words, and turned the passive into active, making the King of Understanding laugh easily.

Her eyes were full of brilliance when she looked at Lin Hao. It turned out to be the man she chose. The current situation was what she wanted to see the most. Her boyfriend and her father got along very well, and it seemed that they would cooperate. However, she was not happy for 3 seconds, and the words of the King of Understanding made her face black. Lin Hao was almost the same. Hearing the words of the King of Understanding, the corners of his mouth could not help but twitch.