"About this issue, I value one data more, d interest rate spread," said Feng Yiping.

d interest rate spread refers to the difference between the interest rate of the European dollar March and the interest rate of the US Treasury bond March. This is the most important risk measurement indicator reflecting the international financial market.

When the interest rate spread value goes up, it means that market risks expand, market funds tighten, bank borrowing costs increase, and corporate borrowing costs also increase, which means that credit conditions are tight.

"We all know that under normal circumstances, the d interest rate spread is usually 040 basis points, but what is it now? It is still close to 00 basis points."

"This shows that the financial market is still in a tight state and no one is willing to borrow, that is, liquidity is still not optimistic, and we all know the importance of liquidity to many financial institutions,"

Liquidity is a word that many American economic drastically have heard of more than once. It is also an aspect that financial institutions in the United States and most countries in the world are most concerned about at present.

Because the essence of liquidity can also be said to be confidence.

Even a financial breach can understand how important confidence is to the financial system.

To be honest, if all depositors do not believe in the bank, what will happen?

Then there will be a run, and everyone will take back the money they have in the bank... No matter how awesome the bank is, it will collapse.

"The dilemma of Wall Street financing has indeed not changed," Bloomberg glanced at Feng Yiping, with some extra meaning.

Feng Yiping saw his eyes and smiled, "I think the situation may be worse than what we know,"

"How to say it?" Although Feng Yiping did not mention the topic he wanted to raise, Bloomberg was still very interested in what he said.

"Although from July last year to now, according to the figures disclosed by various financial institutions in the United States, their total losses are about $150 billion, I think that in fact, their losses are higher than this," said Feng Yiping.

"Some of them will definitely hide the losses first and not put them all in the balance sheet,"

"You should understand this," he asked.

"This is something Wall Street can do," Bloomberg said, "those hateful guys,"

Although he was born on Wall Street, Bloomberg never had any good impression of Wall Street.

When he graduated from Harvard Business School, he could have entered the top-notch Goldman Sachs or Morgan Stanley on Wall Street, but in the end, he could only go to Solomon with average strength.

Because Goldman Sachs and Morgan Stanley at that time were very similar to some of our domestic units at that time.

Whether you can enter depends on which school you graduated from, whether your grades are good, and whether your abilities are high.

What they mainly care about is their background and relationship, that is, who your father is or who your father-in-law is...

Bloomberg, who came from a civilian family, naturally did not have that condition.

But even Solomon was not very good to him later.

After working for 15 years at Solomon, Bloomberg, who has become a partner, was swept out by his new owner because Solomon was acquired.

And that year, he was 40 years old.

The confusion about unemployment in middle-aged people can be realized by thinking about it...

Therefore, he can also know his opinions on Wall Street just by thinking about them.

"So Feng, do you think the most difficult time may come?" Bloomberg asked.

"It's really hard to say. It may be tomorrow, and we will learn that another well-known company on Wall Street is in crisis,"

"Or next month, or, it's the third quarter," Feng Yiping said, "but this is also a good opportunity for you and me, isn't it?"

Bloomberg was excited because Feng Yiping talked about the topic he wanted to talk about.

"I heard about your attempts with Hilton, and that would be a good idea," Bloomberg said.

"It's hard to say at the moment," Feng Yiping didn't talk about this issue, "but don't you think this is a good time for you to buy back shares from Merrill Lynch?"

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Chapter completed!