“In 13 seconds, the subprime market crashed 22%!” Jake screamed in a borderline croaking voice, attracting everyone’s attention.
Immediately afterward, cheers almost blew off the roof.
The 22% flash crash not only meant that all of JW’s funds would not face the risk of liquidation, but more importantly, it directly penetrated the defensive line built by the United States capital in the subprime market.
Once it broke through the defensive line, the rest of the subprime market was like a woman that was stripped naked such that you could do whatever you wanted with her. However, although Jasper had a smile on his face as favonovel.com watched Jake and the rest cheering and jumping in joy, there was a touch of melancholy and worry in the deepest part of his eyes.
He knew very well that the current battle progress was paid for by the decades-worth of savings had been accumulated by those elders in Harbor City. Moreover, if the United States government or the Federal Reserve was determined to rescue the market at all costs, favonovel.com might not even win even after sacrificing all of the resources from Harbor City.
Although at the end of his previous life, the United States government and the Federal Reserve realized that the subprime mortgage crisis was a problem with the United States economic system itself and did not desperately rescue the market, the subprime mortgage crisis in the previous life only broke out because the contradictions accumulated to the point where they could not be suppressed anymore.
This time, it was blown up by him, a man from Somerland. The cause was different, so the result might change. He could not use his previous life’s experience to determine what the United States would do now.
At this moment, the situation in the subprime market was still getting worse.
A 22% flash crash within 13 seconds. Even financial practitioners from around the world were so scared that goosebumps started appearing on their skin, let alone the investors in the subprime market.
Once upon a time, nobody could have imagined that the local financial market in the United States would turn into a crater blown up by the people of Somerland. This was completely unheard of in the world, let alone in the United States’ financial market.
No matter how arrogant the financial tycoons were, they dared not make such a suicide attack.
However, facts were facts.
10 minutes after the flash crash, the busiest individuals happened to be the paramedics from emergency centers all around the world. This was because a lot of long-term investors went bankrupt at this moment. Their hearts could not stand this pressure of this, so they fainted and were sent to the hospital.
The United States was in turmoil.
“The Twin Towers and the Pentagon were just bombed, and not long after, another explosion that had more serious consequences than the terrorist attack happened in the financial sector.”
In the office of the secretary of the Treasury of the United States, Hamilton sweated profusely while listening to the roar from the president of the United States.
