What s going on with the Wall Street storm? The latest news on Wall Street in China

Hello dear, absolutely resistant to Wall Street's bloodbath in Chinese concept stocks, many well-known well-known companies' core assets are extremely killed, some companies have fallen hugely, once plummeted by nearly -30%, it is obvious that this is overseas capital maliciously shorting China, taking advantage of the conference to play with fire, and want to burn themselves in A-shares through Hong Kong stocks and Chinese concept stocks, to put it bluntly, the United States is using the financial market to hunt Chinese assets, hunting China's future to make a big noise. In the face of this war launched by the United States without gunpowder, the financial defense war is not waiting for us, and from the perspective of the situation that has not changed in a century, we must resolutely stand on the side of the motherland and go long China at this time. Hunting A trend sentiment Hunting A closed at the point today, with a trading volume of 802.9 billion in the two cities, a decrease of 100 million from the previous trading day, and today is a shrinkage, auto parts, photovoltaics, energy storage, wind power, high-end manufacturing, rail transit and infrastructure are relatively strong.

On September 15, 2008, the world focused on Wall Street in the United States. On the same day, Lehman Brothers, the fourth largest investment bank in the United States, filed for bankruptcy protection, and Merrill Lynch**, the third largest investment bank, was acquired by Bank of America. Affected by this, the three major stock indexes in New York fell sharply on the 15th, recording the largest one-day decline since the 9.1 1 incident.

Some people say that this is a once-in-a-century event, and some people use the financial turmoil as a metaphor for this crisis. And the people at the center of this financial turmoil have also experienced unforgettable days.

The Wall Street storm is no longer just a subprime mortgage problem, and delinquencies on prime loans are also rising, threatening the battered housing market and a weak economy. According to industry statistics and economists, with housing prices**, banks strictly enforce lending standards, and people with quietly good credit records are increasingly starting to default on their home loans, car loans, and credit card overdrafts.

As with subprime mortgages, many prime mortgages in recent years have allowed borrowers to make a smaller down payment and only charge a higher interest rate a few years later. As long as home prices rise, these borrowers can refinance the loan or sell their home to pay off their mortgage. Now, however, due to housing prices** and austerity measures by lenders, creditworthy homeowners are starting to face the same financial pressures as second-class creditworthies.

At the end of September last year, nearly 4 percent of prime mortgages were overdue or foreclosed, according to the American Mortgage Bankers Association. This is the highest percentage since the association began tracking prime mortgages and subprime mortgages separately in 1998. The total rate of delinquency and foreclosure on all types of mortgages is the highest since the association began tracking this data in 1979.

According to a first-ever survey report released by the National Association of Industrial Economics (NABE) in March, 34 percent of its members believe that the subprime mortgage crisis is the biggest threat to the U.S. economy in the next year or two. In a survey released by the association last August, the figure was only 18 percent, when terrorism and conflict in the Middle East were seen as the biggest threats to the U.S. economy.

A Wall Street Storm, also known as a financial storm, refers to a sharp, short-lived, and super-cyclical deterioration of all or most of the financial indicators (such as short-term interest rates, monetary assets, real estate, land, business bankruptcies, and financial institution failures) in a country or several countries and regions.

The crisis is divided into four phases: first, the liquidity crisis; second, the credit default swap crisis; Third; interest rate swap market crisis; Fourth, the dollar crisis.

This Wall Street storm is a product of the basic contradiction of capitalism, that is, the contradiction between private ownership of the means of production and socialized mass production. The only way to eliminate the crisis is to eliminate the capitalist relations of production.