"Oh? Mr. Bai's insights have always been unique. Why not tell me about them and let me have a long experience. To be honest, I am still full of hope for this year!"

After a long time, Ma Yun calmed down from the shock just now and spoke to Bai Ningyuan.

To be honest, Ma Yun himself is not unwise, but even those on Wall Street did not notice the impact of the subprime mortgage crisis. They are still in the midst of a prosperous era of singing and dancing, happily waiting for the American economy to hit the high point again, not to mention people like Ma Yun who are far away from the global economic center.

No matter how smart they are, they may not see clearly than the large number of economic giants in America.

Even if Bai Ningyuan didn't know this history, he would probably be inspired by the soaring scene that showed last year.

However, since Ma Yun asked this, he didn't mind revealing anything. Anyway, there was no interest in it. So after thinking about it, he directly said to Ma Yun: "I wonder Mr. Ma has heard the news about the real estate bubble in the United States recently?"

"I have heard some news about this, but does this have anything to do with us? Besides, with the current economic level in the United States, this little bubble is nothing!" Ma Yun's face was a bit puzzled.

You know, there is an optimistic estimate of the current real estate bubble on Wall Street now, so Ma Yun did not take it seriously, and it was not something that was difficult to understand.

"No, I think the situation is not that optimistic. You should know that from 2004 to June last year, in just two years, the Federal Reserve has raised interest rates 17 times in a row, which is a very dangerous signal. The credit interest rate has increased from the original 1% to 5.25%. Such a sharp increase directly increases the burden on home buyers to repay their loans. Moreover, it seems that since the previous year, the housing market in the United States has begun to cool down significantly. With the decline in housing prices, it is difficult for home buyers to sell their houses or obtain financing through mortgages. The increase in repayment pressure has caused many users with poor credit to have a high possibility of default, which has an impact on the recovery of bank loans..." Bai Ningyuan said to Ma Yun as if he explained.

Ma Yun frowned, thought carefully for a while before continuing to say to Bai Ningyuan: "Although what you said cannot be ruled out that there is a possibility of happening, there is still a house after all. In my opinion, even if this situation really happens and the impact is only those users with poor credit. Although there will be an impact, the audience will not be too big..."

"no!no!no!" As soon as Ma Yun finished speaking, Bai Ningyuan shook his head and denied Ma Yun's view. Now Ma Yun still believes in the American economy's ability to resist risks, so he continued: "You must know that when the borrower cannot repay the loan, although the bank can take back the house and then use auction or sale to recover the loan, the current situation is that due to the sharp shrinkage of the real estate market, housing prices have dropped sharply. Even if the bank turns the house at this time, the bank put the house in the house at this time. The funds obtained when the sale cannot make up for the AA interest of the loan at that time, and even the loan amount itself, so the bank will lose money on the loan. It is okay for one or two borrowers to have such problems, but due to the increase in interest on installments and the increase in these borrowers themselves are subprime credit lenders, this leads to a large number of borrowers who cannot repay the loan. As mentioned above, the bank can't sell the house but cannot sell it at a high price. It would be strange if it does not cause a large-scale loss!”

Hearing Bai Ningyuan's words, Ma Yun suddenly fell silent. If it was really like Bai Ningyuan said, then the consequences could be imagined, and it would be a disaster.

The American economy is the global economic center and has always been the barometer of the world economy. Once, as Bai Ningyuan said, the collapse of the real estate in the United States leads to an economic crisis, the economy of the whole world will inevitably be affected and the country will not be able to survive alone.

By then, inflation will occur in the United States and the depreciation of the US dollar will be inevitable, and this will inevitably cause the RMB to appreciate rapidly, which can almost be said to be a catastrophe for China's import and export trade.

Among the "three horses" that drive China's economic growth, exports can be said to occupy a very important position. From the perspective of the total economic volume, the proportion of exports in GDP has continued to rise, exceeding one-third in 2006. Although the growth rate declined in 2007, it still increased by 25.7%, due to the economic crisis, the depreciation of the US dollar will directly lead to the increase in the price of China's export products and the decline in competitiveness. More importantly, due to the continuous changes in exchange rates, domestic export companies face large orders but dare not accept them. In this way, domestic export companies will face great difficulties.

Fortunately, for Bai Ningyuan and Ma Yun, their industries currently do not have much communication with the impact of this economic crisis, so this economic crisis will not have much impact on them. Even because the country continues to stimulate domestic demand and digest inflation, e-commerce will usher in a new development opportunity, and for Ma Yun’s Taobao, it is a once-in-a-lifetime opportunity.

Similarly, as one of the major shareholders of Alibaba, Taobao's rapid development is not a good thing for him. The smoother the development, the more valuable the shares he has, and at that time, whether it is sold or held for a long time, it will be a very cost-effective transaction.

After a while, Ma Yun smiled again: "I really realized what Mr. Bai said. I have to say that Mr. Bai can reach this day, and it turns out that Mr. Bai has a very good vision!"

Although there were a lot of praise and praise in his words, Bai Ningyuan could still feel it from Ma Yun's eyes that his smile. Even if Ma Yun recognized his ideas, he was still cautious about the economic crisis.

Bai Ningyuan's mouth curled up slightly, and a faint smile appeared. Then he looked at Ma Yun and smiled, "Why, Ma doesn't believe it? So do you want us to make a bet?"

At this time, Bai Ningyuan was like a young boy who was a little anxious because he was not recognized. However, it was true that Bai Ningyuan was only in his early twenties now, and there was nothing wrong with being young and energetic.

So Ma Yun couldn't help but feel interested: "Okay, just bet, I just don't know, Mr. Bai, what kind of gambling do you want?"

Hearing this, Bai Ningyuan was slightly stunned at first, as if he didn't expect Ma Yun to follow his words like this, but his eyes rolled, and then a sly smile appeared on his face: "Mr. Ma, I am now building a Lefu system. Otherwise, if I win, how can you promote it for me? If I lose, then Mr. Ma, you will do the conditions!"

Although Bai Ningyuan had thought about this problem before, it was just that in his opinion, Alipay was something Ma Yun had put in great effort to make. How could he introduce another third-party payment platform to get a piece of the pie from his users? It was simply destroying the Great Wall.

However, now, just taking advantage of this opportunity, Bai Ningyuan tried Ma Yun's tone in a joke-like tone. Even if he was rejected, he would not lose anything, right?

Hearing Bai Ningyuan's words, Ma Yun paused slightly when he was having a meal, then raised his head, staring at Bai Ningyuan with a meaningful look. After a long time, he smiled faintly: "Mr. Bai is really interested!"

"Hehe, isn't I just to promote my own things? Mr. Ma, you are laughing!" After hearing Ma Yun's words, Bai Ningyuan laughed and stopped continuing on this topic.

Both of them understand people, and some things do not need to be said too thoroughly.

Although I felt a little disappointed, Bai Ningyuan didn’t have much expectation before, just mentioned it casually. Since it is impossible to take the Taobao path, the direction that had been discussed before was not.

So the two of them had a tacit understanding and no one mentioned this again. As for the so-called bet, it became just a joke. They started chatting about the economic crisis.

Just after lunch, Bai Ningyuan and Ma Yun walked outside together, preparing to go back to the room to rest, but after just a few steps, they saw Ji Ji Zhengzhen walking towards him.

"It's Mr. Ji!" Ma Yun naturally would not be unfamiliar with Ji Zhengzhen, a person who became famous in the second half of last year, with the launch of the lophone. What's more, on last year's forum, Ji Zhengzhen represented Letong's speech, which caused a lot of booing. That scene was still fresh in Ma Yun, but who would have thought that in just over half a year, Letong used his actual actions to slap others hard in the face.

"Hello, Mr. Ma!" After seeing Ma Yun reaching out his hand to him, Ji Zhengzhen quickly took a few steps forward, held Ma Yun's hand, with a bright smile on his face.

However, Ma Yun also knew very well that Bai Ningyuan and Ji Zhengzhen had a relationship. Since Ji Zhengzhen appeared here, he thought there was something to communicate with Bai Ningyuan. Naturally, he had no intention of spying on the secrets of other people's company. After a greeting, he smiled and said, "Okay, you guys talk, I'll go back first!"

After saying that, he waved his hand at Bai Ningyuan and left first as the two of them were gaze.

After waiting until Ma Yun's figure disappeared not far away, Bai Ningyuan turned around and looked at Ji Zhengzhen: "What's wrong?"

Feeling Bai Ningyuan's gaze, Ji Zhengzhen's face was a bit serious: "The negotiations with Lianfake have collapsed..."

The first update today!

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