Silicon Valley

Chapter 658 The US subprime mortgage crisis breaks out!

The creativity of the online socket is very good, and the graphene LED bulb is even more crushing of all current bulbs, saving a lot of money just by saving electricity bills. Therefore, as soon as the Online socket and graphene LED bulbs were released, they became popular all over the world.

At this moment, many environmentalists around the world have stood up and called on everyone to use graphene LED bulbs. Even many countries have publicly stated that they encourage the public to use graphene LED bulbs.

"Time" wrote: "Edison invented the light bulb, which changed human life; Henry Williams invented the graphene LED light bulb, which changed the earth's environment! Although they did not live in the same era, they are equally great !!!”

Kenneth Morse, editor-in-chief of Reuters, said: "The emergence of graphene LED bulbs will completely subvert the global lighting industry!!!"

Marshall Petty, a well-known American financial expert, said: "Families, schools, companies, factories, public infrastructure places, etc., electric lights are everywhere! It is closely related to human life. According to the statistics of "Bloomberg", the global lighting market is worth tens of thousands. Billion dollars! The birth of graphene LED bulbs will rewrite the pattern of the lighting industry!!!

Currently, the world's largest lighting company is General Electric Lighting Co., Ltd., referred to as 'GE Lighting' for short.

As we all know, GE, the parent company of 'GE Lighting', was founded by Mr. Edison, the inventor king. He first founded the Edison Electric Light Company in 1878, and later merged with Thomson-Houston Electric Company to form GE General Electric Company, which ranks first in the world. Top 50 Fortune 500 companies. At the same time, GE is the only company that is still on the index list since the establishment of the Dow Jones Industrial Index in 1896!

Right now, GE Lighting is facing its biggest crisis ever! ! !

According to a reporter from ABC TV station, on the day of the press conference of Williams Super Energy Company, GE immediately held a board meeting, obviously discussing urgent countermeasures. At present, the main business of GE Lighting is divided into three major business segments: LED, light source and lamps.

Among them, the LED business segment provides a complete set of world-class and environmentally responsible LED lighting systems and solutions, covering various applications such as indication lighting, architectural lighting, traffic lighting, display lighting and general lighting; the light source business segment produces and Sells a full line of light source products, including incandescent, tungsten-halogen, fluorescent, energy-saving, high-intensity discharge, as well as automotive and specialty lighting. GE Special Lighting mainly develops and sells lighting products for aircraft and other transportation systems, front projection and rear projection, video projection, medical, architectural, optical fiber, stage, studio and theater lighting products; the lighting business segment covers industrial and commercial lighting lamps, road lighting lamps , Floodlight and regional lighting fixtures, as well as supporting electronic and electrical products. All these products have passed the strict 6 Sigma process quality control system, providing perfect lighting solutions for hundreds of millions of users around the world.

If you compare graphene LED bulbs with 'GE Lighting', the scale of the two is really far apart. Graphene LED light bulb is just a very ordinary small light bulb with a single product, while GE Lighting is like a behemoth! However, graphene LED bulbs have unlimited potential, which can gradually enrich the product line, defeat GE Lighting, and become the overlord of the global lighting industry! ! !

Although GE has keenly sensed a huge threat, it is hard to predict whether 'GE Lighting' can keep its number one position in the world! "

Financial expert Marshall Petty is right, following graphene LED bulbs, Williams Super Energy will produce more abundant products!

On June 7th, Williams Super Energy Company registered a wholly-owned subsidiary - "Williams Lighting Company", with a registered capital of US$10 billion and more than 1,500 employees, specializing in the development of graphene. Lighting Products!

And this week, the sales volume of graphene LED bulbs reached 75 million, of which more than 28 million were sold in Williams Empire alone, which became popular all over the world and became the first choice for home lighting. At the same time, the sales of Online sockets are also very hot, with 19.5 million units sold, and home users who own the robot Eve are rushing to buy Online sockets.

Both the lighting company and the socket company couldn't help sweating down their backs!

Graphene LED light bulbs and online sockets are coming too fast, and they have taken away the market share with lightning speed. However, it's only been a week. If this continues, everyone will have to drink the northwest wind!

For a while, in response to the attack of Williams Lighting Company, major lighting companies and socket companies around the world began to fight price wars.

Faced with this situation, Henry could not help but smile, "The cost of graphene LEDs is lower than that of traditional LEDs. If there is a price war, there is no fear at all! Online sockets are inherently expensive, and users buy them because of their functions. , Whether other companies’ sockets reduce prices or not has little impact on Online sockets.”

Henry shook his head, these little things don’t matter.

At around 11:00 US time this morning, Bear Stearns, the fifth largest investment bank in the US, announced that its two hedge funds stopped redemption. The spokesperson of Bear Stearns explained to investors in this way: "We believe that the fund's investment portfolio is good, and we can survive until the market returns to normal. We believe that stopping redemption is conducive to best protecting the long-term interests of investors."

The words of the Bear Stearns spokesperson turned out to be nothing but illusory imaginations. Not only did the two funds suffer disaster, but Bear Stearns itself could not survive the crisis!

Even Wall Street at this time still seems to have no idea of ​​the coming storm!

On July 19, 2007, the average price index of 30 industrial stocks in the New York stock market unexpectedly hit a record high, breaking through the 1400 mark for the first time. It seems that the stock market is doing well!

Americans, however, quickly stopped laughing. In August 2007, as a large number of bad debts formed by subprime mortgages surfaced, the securities based on these subprime mortgages began to depreciate sharply, and the subprime mortgage crisis finally broke out.

On August 1, 2007, Macquarie Bank announced that investors in its two high-yield funds faced a 25% loss.

On August 2, 2007, the German Industrial Bank announced a profit warning. It is estimated that there will be a loss of 8.2 billion euros. The US real estate subprime mortgage market business suffered huge losses!

On August 6, 2007, American Home Mortgage Corporation declared bankruptcy.

On August 8, 2007, Bear Stearns, the fifth largest investment bank in the United States, announced that two of its funds were directly closed down.

On August 9, 2007, BNP Paribas, the largest bank in France, announced to freeze three of its funds, which also suffered huge losses due to its participation in investing in US subprime mortgage bonds. The move also led to heavy losses in European stock markets.

On August 10, 2007, the US subprime debt crisis spread and spread to the whole world, and central banks around the world began to intervene!

But at this moment, Henry, Karina, and Violet sat in the hall and celebrated with champagne.

"The whole world is turbid and I am alone, and everyone is drunk and I am alone! Come on, let the subprime mortgage crisis come more violently!!!" Henry picked up his glass and laughed excitedly. Sitting on both sides of Henry, Kailinna and Violet also raised their wine glasses, and looked at Henry with a smile on their faces, their eyes revealing incomparable tenderness!

Just ask the world, who dares to 100% determine that the US subprime mortgage crisis will break out, and who has the courage to spend trillions of dollars to short the stock market and real estate?

Kailinna and Violet couldn't help admiring Henry, and felt extremely proud and proud in their hearts. Every woman has a hero of the world in her heart, and the hero of Kailina and Violet is the man in front of her...

(to be continued ~^~)

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