After becoming the son of the boss [entertainment circle]

Sunday, November 5th.

Today's weather is a bit gloomy, but this does not affect the crowds in front of the new SM building. A large number of reporters filled the rows of chairs in the small square. If it is not against the rules-mainly because there are security guards in front of them ——They rushed to the front row to surround Li Xianyin and bully him.

Today is the completion ceremony for the main body and exterior of the new SM building. The lobby and elevators on the first floor have already been installed, but Lee Hyun Yin does not intend to let the reporters go in to take pictures, so today’s completion ceremony will be held on the small square in front of the building. , the whole event is completely open-air.

As the central city of South Korea, Seoul has a very high building density, which is reflected in the fact that many buildings have basements with more than one floor, and that many small and medium-sized enterprises' headquarters buildings or privately constructed office buildings are just bare. There are few green belts around the house, and there is no small square of its own in front of the door.

The more you are in the city center, the more obvious this situation is. From this point of view, it is really rare that there is still an open space in front of the new SM building that can accommodate so many people huddled together.

Of course, from another perspective, it is indeed a waste of land.

As the protagonist of this completion ceremony, Li Xianyin arrived early in the morning and sat unceremoniously in the center of the first row. On the left is his father, Comrade Li, and on the right is the one who has finished filming "The Chaser" and is currently giving Cui Jinli, a short-term model for a certain magazine.

Originally, Dongshin was going to come earlier than her. Changmin saw that there was a seat next to the president and wanted to come here. Unfortunately, he just took one leg, and was dragged to the third row by the manager who had been staring at him. , Li Xianyin could feel his resentful eyes from far away.

Because the time of the completion ceremony has been notified long ago, everyone has basically spared their time slots, and the number of artists from the headquarters and subsidiaries who came to participate in the event is very large.

There was no fixed position for who would sit at the scene. In the end, everyone still followed the principle of being with the group members and men and women were different. Except for the company management, the first two rows were basically girls, and the men were basically in the back, directly separated reporter.

This made the media a little disappointed. They originally wanted to hype up the seating order of this event, but now it seems that there is no way. They don't sit according to popularity and insiders.

But disappointment is disappointment, the photo still needs to be taken, and this seat map has to be preserved in its original form. After all, there are so many little girls in the front row who are not well-known now. Maybe one day they will become popular. You can also take the photo at that time. Come out and earn some traffic.

The completion ceremony of SM’s new building is like many other similar events in the world. It’s very routine and boring. Lee Hyun couldn’t help being distracted by listening to people talking non-stop on stage, and his thoughts had already drifted to the United States up.

According to Stanley’s report to him, because of the issuance of subprime loans, more and more people without financial means bought houses through this kind of loan with extremely low down payment and low early interest rate, which led to the continuous rise of housing prices in the United States. As a result, many families with a little assets who could easily buy a house also felt the pressure of housing prices, and finally had to take out loans to buy a house.

In fact, people who are a little more sensible can choose not to buy a house at this time. The United States is not China, and there is no such strong idea that "a house represents stability", and their house tax is very high. If you have a small amount of money, it’s no pity if you don’t buy it. There are many renters.

It’s just that the gradually rising housing prices since 01 are really confusing. This makes many people think that if you buy a house with a loan first, if you can’t repay the loan in the future, you can just sell the house and sell it, and you might still make money.

This kind of thinking that looks like real estate speculation has led to more and more people buying houses, and the housing prices will only increase because of this situation. This is a vicious circle.

So far, 20.00% of people in the United States who have borrowed money to buy a house have borrowed money from the subprime credit market, which means that one fifth of these people have poor economic credit and may not be able to repay their mortgage at any time.

One-fifth is already a fairly large ratio. Such a large amount of funding vacancy is like a time bomb, which may destroy the entire credit market at any time.

Because Li Xian could see the risks involved, it was impossible for the bank as the creditor not to see them. They were a group of extremely shrewd guys.

Similar to Huaxia, most home buyers in the United States also apply for housing loans from banks—of course, there are also special loan companies. In order to support the policy of u, some banks are willing to provide housing loans to people with bad credit. It's hard to make it work, but America can.

After seeing the risks, the banks began to plan to transfer the risks. They packaged these subprime loans into bonds of different grades according to the different repayment probabilities of the borrowers, and directly pushed them to the financial stock market. This is commonly known as CDO.

After investors buy the CDO products promoted to them by the banks, they replace the banks and become the creditors of those borrowers. investor.

In any case, the banks have successfully passed on the risk to investors, and a lot of the pot has been dumped, but it is precisely because this pot is too easy, they will start to issue subprime loans again, regardless of whether they have deposits or not. They can all come to them to find money, anyway, there are some investors who are stupid and rich to take over for them.

This is another time bomb, and because of the issuance of the CDO, this bomb is directly related to the important financial industry in the United States. Once it breaks out, it will not only be a disaster for the United States, but it is very likely to spread to other regions.

In fact, history is indeed staged in this way.

Since last month, Li Xianyin asked Stanley to temporarily abandon the gold and silver market and start shorting housing prices. In his impression, the housing price bubble in the United States is too big. It will start to drop slightly in May.

He only needs to short house prices at this time, and he can take advantage of the apex to make a fortune, and at least to achieve the goal of doubling his assets.

After Stanley’s operation during this period of time, he currently has less than [-] million US dollars in his hands. Even if it quadruples, it is still not enough to look at in the face of the entire tide. He can only hurry up and earn more. It can be regarded as the appetizer of this financial crisis.

In addition, he also intends to buy some CDS.

The so-called CDS can be understood as a betting agreement, and the bet is the rise or fall of a certain CDO product.

Sub-credit products are currently very popular in the United States, which has attracted the attention of some speculators. They have signed agreements with some insurance companies to purchase insurance for a certain CDO product, as long as the valuation of this CDO product is above a certain number after a period of time , Even if the insurance company wins, the premium paid by the policyholder is considered in vain.

However, if the CDO product that has been paid falls, and falls below the figure stipulated in the agreement, the insurance company will lose money.

The rules are very simple, Li Xianyin also bought two copies, and after the rescue of the market, he would do one more CDS. I don’t know how many people in history have made a lot of money by doing more CDS. a sum.