"Ulyanov, a well-known economic expert of the Soviet Union and first deputy minister of the Soviet Ministry of Foreign Trade and Economic Cooperation, claimed that there has been a serious bubble in the current global market for Japanese loan products, and investors should quickly stay away from this market."
Times "The father of subprime mortgages is openly bearish on subprime mortgage products, claiming that the current subprime mortgage market is worthless."
New york times "Ulyanov, the father of subprime mortgages, accused Japan's large financial institutions of 'flooding' the subprime asset portfolio, flooding it with a large amount of junk debt," Bloomberg said With the publication of Seryosha's article in The Economist magazine criticizing the chaos in the subprime mortgage market, the world's major financial media have followed up and reported one after another, and for a while, almost all the financial people in mainstream countries around the world know that Ulyanov, known as the "father of subprime mortgages", is completely bearish on subprime mortgage products aimed at the Japanese market.
One stone stirred up a thousand waves, and Seryosha's remarks immediately sparked a big discussion in the financial circles about Seryosha's views.
However, it was the Japanese media that first came out to refute Seryosha.
Mr.
Ulyanov has never set foot on Japanese soil, and his remarks are only his own speculation, and people all over the world know that the Japanese people have a very high savings rate, and that there will not and will not be a serious bubble in Japan's consumer credit market.
There is no indication that there will be problems in Japan's real estate market and stock market, and as long as the economy continues to grow, there will be no problems with subprime mortgage products based on the personal credit of Japanese people," Sankei Shimbun "Ulyanov has never systematically studied economic theory, and since the Soviet Union was a planned economy, he knows nothing about Japan's economy," said the Asahi Shimbun Seryosha's article is tantamount to pushing him to the forefront, but many people do not believe the views expressed by Seryosha in the article.
In fact, apart from making waves in the news, no major financial institution has taken the initiative to sell subprime mortgage products in large quantities.
Seryosha's old friends in Britain called him one after another to ask why he wanted to publish such an article, and Seryosha truthfully relayed it to the other party on the phone that he was not optimistic about the continued improvement of Japan's economy.
However, this ambiguous answer is not convincing.
There are very few people in the world who can recognize that there is a huge bubble in Japan's economy, because Japan's economy is so strong today.
Japan has the world's largest foreign exchange reserves, and although it is the world's second-largest economy, its growth rate has been consistently high, and the vitality of the Japanese economy is miraculous compared to the recession of other countries around the world.
At the current rate of economic growth, Japan's economy will soon surpass that of the United States to become the world's largest economy.
He is now not only the largest creditor of the United States and Western European countries, but also the largest overseas investor of major Western countries.
The Bank of Japan has acquired a large amount of land in the United States with its strong capital, and even the Rockefeller Center, a landmark building in New York, belongs to the Japanese.
On the Champs-Élysées in Paris and on Oxford Street in London, the front doors of major luxury stores are crowded with Japanese tourists, making countless Europeans and Americans envious, jealous, and hateful.
But Seryosha wanted to tell the world that all this was an illusion, a bubble.
Seryosha did not respond to the attackers after publishing the article, but instead let the Foreign Trade Bank quietly exchange yen in the foreign exchange market of the City of London and continue to send it to Mikhail in Tokyo, Japan.
With the abundant capital of the Foreign Trade Bank, Mikhail's cash flow grew faster, and the exchange rate of the yen against the dollar remained stable at the exchange level of 250 to 1 all year round.
More than a month later, after Seryosha's continuous market operations, Mikhail's funds have exceeded 2.5 trillion yen, or about 100 billion dollars.
At the same time, Seryosha also transferred about $500 billion of foreign exchange reserves belonging to the Foreign Trade Bank to the United Kingdom.
The amount of money was too large, and in order to cope with the quarterly inspection of the Central Economic Department, Seryosha had no choice but to let Gao Man and others come up with a fake account to get through.
As long as they do not go to the underground vault of the Foreign Trade Bank, it is impossible to discern the real situation.
Seryosha's concealment is actually very dangerous, because if the matter is lost, Seryosha will immediately lose Gorbachev's trust and even be sent to prison.
But the risks and benefits are directly proportional, and Seryosha is not a timid person.
Seryosha reactivated a series of purse companies that had been used to launder money in offshore financial centers, and the accounts of these purse companies were quickly filled with cash ranging from hundreds of millions to billions of dollars.
Soon these funds were invested in the foreign exchange market to buy forward contracts for yen futures.
Mikhail's Bank of Colombia has now become the VIP of Japan's major companies.
If you are careful, the major Japanese conglomerates know that there is a large amount of cash in the accounts of Colombian banks.
Nowadays, the stock market and real estate market in Japan are extremely hot, especially for real estate, as the land price in Tokyo is getting higher and higher, the thirst for funds of real estate companies is becoming more and more serious.
Yoshiaki Tsutsumi, the world's richest man, of the Seibu Group, took the initiative to extend an olive branch to Mikhail.
Invited Bank of Colombia to participate in a high-end residential project in Chiyoda-ku, Tokyo.
Due to Yoshiaki Tsutsumi's position in the Japanese business community, Mikhail had to give the other party this face.
The meeting place is in an upscale kiosk in Ginza.
Mikhail, accompanied by a kimono-clad maid, walked into a private room in the restaurant called Tingzhutei.
When the door of the box slowly opened, Mikhail found that there was another person in the room that he had not seen.
"Hello President, I am Vice Hiromasa E, the president of Rikulut Co., Ltd."
Before Mikhail could ask, the other party took the initiative to get up and bow deeply to Mikhail, and then respectfully handed over the business card.
"Jiang Vice-Sang, what kind of business does your company run?"
Mikhail asked with a kind attitude while looking at the business card and sitting down.
"The contemptible company is engaged in the real estate business," Jiang said with a nod as he poured wine for Mikhail.
S: The Rikulut incident is one of the four major scandals in Japan's post-war period, and Vice Hiroshi Jiang bribed a large number of senior LDP officials like Noboru Takeshita, and Abe's father was also involved t1706231537: