The Pentium Era - South to North

Xiaofang called Zhang Chen and told him that something big might happen on Wall Street.

"What's wrong?" Zhang Chen asked.

"CDS will have problems." Xiaofang said, "We predicted at the beginning of the year that CDS might have problems and have issued early warnings. Now that our company is shrinking, it is difficult to say whether we can survive alone."

"What is CDS?" Zhang Chen asked.

"Translated into Chinese, they are called credit default swaps, financial derivatives, similar to insurance policies, financial derivatives insurance policies, but much more complicated than insurance policies, with layers of leverage added, and a loan of 100 billion US dollars, through CDS, will Tens of trillions of funds are involved, but the source is subprime debt."

"I don't understand." Zhang Chen said with a smile, "What are subordinated debts?"

"Money is given to people who shouldn't be given it, especially housing loans, to those who are unable to repay or even have a fixed income. House prices have been rising and when interest rates are very low, there may not be a problem, but As long as housing prices stagnate and loan interest rates increase, a large number of loan defaults will occur," Xiaofang said.

"I understand a little bit," Zhang Chen said.

"But the financial institutions that lend to these people, their money is not their own, but it is raised from the financial market through the CDS I mentioned, with dozens of times of leverage, so if there is a problem at the source, it will It will cause a domino effect, and a series of financial institutions and insurance companies will have problems."

"Will it affect us?" Zhang Chen asked.

"Yes, brother-in-law, I'm calling you to remind you that the direct impact is that the US dollar will depreciate, and the magnitude will be great. Therefore, the money in brother-in-law's offshore account must be hedging." Xiaofang said .

"How to deal with it?" Zhang Chen asked.

"Switch to a safe-haven currency, such as the Japanese yen or Australian dollar, or gold."

Zhang Chen said okay, how to deal with it, I will ask Zhao Jingjing and Xu Qiaoxin to contact you.

Xiaofang said yes.

"Also, brother-in-law, if the risks expand and the depreciation of the US dollar becomes a long-term trend, you should also pay attention to indirect risks." Xiaofang said.

"What risk?" Zhang Chen asked.

"Exports will be affected." Xiaofang said, "I have also been studying Target, and I think their risks are very high."

"What's wrong?" Zhang Chen was shocked and asked.

"Many of their products, especially home improvement materials, are for mortgages. As you know, Target's customers are themselves victims of subprime debt. If they can't even repay their mortgages, you Do you think you can still afford the renovation money?" Xiaofang said, "Also, Target and their wedding plans can also be mortgaged. Doesn't this directly affect you?"

Zhang Chen said yes, if this is the case, there is indeed a risk. However, what we do with them is FOB price, which is FOB price. When they place an order, they will pay a deposit first, and our goods will be delivered to Shanghai Port. They will pay all the money for the goods. This shouldn’t be a big risk, right?

"Theoretically yes, but there are still cases. For example, they paid a deposit, but when your product was delivered to Shanghai Port, they couldn't pay the rest. The deposit should be very small, right?" Xiaofang asked.

"Ten percent." Zhang Chen said.

"Yes, if your 20 or 30 containers are all backlogged at the dock and they cannot pay for 90% of the goods, you will still suffer losses, right?" Xiaofang continued to ask.

Zhang Chen smiled bitterly and said: "You don't need to go to the dock. As long as I continue to arrange production here, if this happens, the losses will be tragic. This batch of goods will be piled up in the factory. Who will I sell to?"

"Well, brother-in-law, so be careful." Xiaofang thought for a moment and said, "Brother-in-law, I think you can make some adjustments and spread out the orders, fast in and fast out."

"How to do it?" Zhang Chen asked.

"I don't know much about factories, brother-in-law, but I think it is theoretically feasible. For example, if he originally placed an order for thirty cabinets, you would ask that this order be divided into thirty small orders, one order for each cabinet. The same is true in production. Production is arranged one by one, shipments are made one by one, and payments are collected one by one..."

"I understand, Xiaofang." Zhang Chen interrupted Xiaofang, "In this way, even if the risks you mentioned occur, we will only have a few containers at the dock and production line at most."

"Yes, brother-in-law, this reduces the risk to the greatest extent, although it may be a little troublesome." Xiaofang said.

Zhang Chen nodded and said, "Xiaofang, your method is good. You are not afraid of trouble. I will make arrangements and do this."

"Brother-in-law, maybe I'm just worried about things in vain." Xiaofang said.

"Qi people are very good. They have a sense of urgency. It's scary to be a blind man trying to grasp an elephant." Zhang Chen said, and Xiaofang giggled.

"Thank you, Xiaofang!" Zhang Chen said.

"Why thank me? Isn't it my family's business?" Xiaofang said.

Zhang Chen looked at his watch. It was already past eleven o'clock at noon. It was past ten o'clock in the evening at Xiaofang's place. Zhang Chen asked Xiaofang, had Zhang Xiangbei slept?

"Already asleep." Xiaofang said.

"Xiaofang, do you want to sleep now?" Zhang Chen asked.

Xiaofang smiled and said: "I'm still early, I still have information to read."

"Then I'll ask Zhao Jingjing and Xu Qiaoxin to call you later, okay?" Zhang Chen said.

"Of course." Xiaofang smiled, "I can ask them to wake me up if I fall asleep, it's okay."

Zhang Chen also smiled and said yes...

"Don't say thank you, brother-in-law!" Xiaofang seemed to know what Zhang Chen was going to say next, so she said it immediately.

Zhang Chen smiled and said, OK, no thank you, this is what you should do.

Xiaofang smiled and said, that's pretty much it. I like what you said.

Zhang Chen put down the phone and immediately called Xu Qiaoxin and Zhao Jingjing over. He told them what Xiaofang said on the phone. Both of them were shocked when they heard it. Xu Qiaoxin shouted:

"I'm going, grandma, the undercurrent is raging!"

Zhang Chen glanced at her and said, yes, this word is used accurately.

Xu Qiaoxin giggled.

Zhang Chen and Zhao Jingjing said, go over and contact Xiaofang, and she will teach you how to deal with it. If it doesn't work, Zhao Jingjing, just give the transfer password directly to Xiaofang and ask her to help with the operation.

Zhao Jingjing said yes.

Zhang Chen and Xu Qiaoxin said, you go and deal with the offshore account first. After that, you and I go to the factory to discuss with your damn Zhao Zhigang how to adjust production, and then you ask us to place the order. Break your thoughts into pieces and contact your damn Jerry.

Xu Qiaoxin said yes.

The two men walked out.

After more than an hour, the two people came back. Zhao Jingjing and Zhang Chen said that everything was taken care of.

Zhang Chen said yes, he stood up and said to Xu Qiaoxin, let's go to see your damn Zhao Zhigang.

"Aren't you going to eat?" Xu Qiaoxin asked. It was already past twelve o'clock.

"Are you hungry?" Zhang Chen asked.

Xu Qiaoxin quickly said, "If you are not hungry, I will not be hungry. Let's go, let's go to the factory to eat."

Zhang Chen called and wanted to call Xiao Wu, but Xu Qiaoxin shouted, don't call that damn Xiao Wu, I'll call him.

Zhang Chen was surprised, when did Xiao Wu become dead Xiao Wu?

Xu Qiaoxin giggled.

When they got to the car, Zhang Chen asked Xu Qiaoxin, "Didn't I get a car for you? Why, you haven't enjoyed driving it yet?"

Xu Qiaoxin pouted and said, "I didn't even drive much. I asked that damn Xiaowu to drive with me, but he just refused to go. Hello, boss. Boss, let me tell you, you are sitting next to me. When I drive, I feel like Extremely relaxing.

Zhang Chen smiled and said, "If you hit me, I will pay for it anyway?"

No, no, I'm an experienced driver, and I crashed the car, which was embarrassing. Only novices like Xiaoli and others would do such a thing.

Zhang Chen laughed and said, the veteran driver didn’t dare to go on the road alone, so he wanted Xiao Wu to accompany him?

"No, when I go, that Xiaoli is also going. This damn thing is always trying to grab the steering wheel. How dare I take her with me? Last time I went out, I bumped into an uncle. I just bumped into him, but he wasn't hurt. , the uncle slapped the hood and yelled at us, we almost cried because of his yelling, if Xiao Wu is here, everything will be fine," Xu Qiaoxin said.

Zhang Chen smiled and said, it turns out you brought Xiao Wu with you as a bodyguard.

Xu Qiaoxin sighed: "But this damn Xiaowu doesn't want to. He keeps avoiding us."

They arrived at the factory and called Zhao Zhigang over. Zhang Chen told Zhao Zhigang about the matter. Zhao Zhigang said, in this case, do I have to change the large order to a small order here? The fabrics and accessories must be placed in cabinets. order? Production also needs to be rearranged?

Zhang Chen is right.

"In this case, the price of noodle ingredients will be more difficult to negotiate." Zhao Zhigang said.

Zhang Chen thought for a while and said, this is how it works. You place a general order with them and ask them to prepare the materials, but the shipment must be done in batches. If one of us shouts "Ka", they will just prepare the materials. It doesn't matter what the materials are. If they don't produce ours, they can produce other ones without any loss.

Zhao Zhigang said yes, this is fine.

After Zhao Zhigang had discussed and decided, Zhang Chen asked Xu Qiaoxin and Jerry to contact each other and tell them their requirements.

"Boss, it's midnight in the United States. Do you want me to go find that damn Jerry at this time?" Xu Qiaoxin asked.

Zhang Chen laughed and said that I forgot, okay, you can contact him again in the evening.

"Boss, have you forgotten something?" Xu Qiaoxin asked.

"What's the matter?" Zhang Chen was surprised and asked.

"You forgot that we haven't had lunch yet." Xu Qiaoxin said, "It's already past two o'clock."

"No, the cafeteria is closed now. Lao Fu and the others are off work and there is no food to eat." Zhao Zhigang immediately shouted, "You can find your own way out."

At this time, every store on No. 1 Road was closed. Zhang Chen and the others drove all the way to Xintang Road, turned in and drove to Jingfang, only to find a Xinfeng snack shop open, and the two of them ate shrimp. Meat wontons and steamed buns, Zhang Chen also ordered a bowl of beef vermicelli.

In the evening, Xu Qiaoxin called Zhang Chen and told him, that damn Jerry must ask me why we did this, boss, how should I tell him?

"You are so smart, but you can't think of a reason?" Zhang Chen asked.

"I don't know either. This damn Jerry keeps asking, and I'm confused by him." Xu Qiaoxin said.

Zhang Chen thought for a while and told Xu Qiaoxin that the textile factory was very busy with orders now and could not produce so many goods at once, but we had already negotiated with them and they could arrange two looms every day to produce our products. In this way, our factory also needs to make adjustments according to the supply of fabrics, and produce one or two cabinets of finished products every day.

"This is a good reason. Once the things are ready, why send them to the factory? Of course, they will be sent to them every day, and they can arrange them easily." Xu Qiaoxin said.

"Yes, that's the reason." Zhang Chen said.

At around two o'clock in the morning, Xu Qiaoxin sent Zhang Chen a text message with two words: "It's done."

Zhang Chen replied with a text message: "Thank you for your hard work, go to bed early."

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