[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"origin-reborn-instead-of-chasing-the-school-beauty-i-ch":3,"chapter-reborn-instead-of-chasing-the-school-beauty-i-ch-reborn-instead-of-chasing-the-school-beauty-i-ch-chapter-15":6},{"origin":4,"title":5},"english","Reborn: Instead of Chasing the School Beauty, I Chased Her Mother",{"chapter":7,"nextChapterSlug":19,"prevChapterSlug":20,"totalChapters":21,"novelImage":22},{"id":8,"novel_id":9,"title":10,"slug":11,"index":12,"content":13,"wordcount":14,"created_at":15,"updated_at":15,"volume":16,"translator":17,"content_hash":18},1470597,1918,"Chapter 15: 015 This kid, so talented","reborn-instead-of-chasing-the-school-beauty-i-ch-chapter-15",15,"\u003Cp>```\u003C\u002Fp>\n\u003Cp>Gu Wanzhou, though a businesswoman,\u003C\u002Fp>\n\u003Cp>found herself frequently ensnared in an echo chamber of information.\u003C\u002Fp>\n\u003Cp>At this moment, after hearing what Li Zhiyan had to say, she couldn't help but feel ignorant.\u003C\u002Fp>\n\u003Cp>She was also somewhat shaken by it.\u003C\u002Fp>\n\u003Cp>It seemed that this child knew a great deal.\u003C\u002Fp>\n\u003Cp>As Li Zhiyan helped Gu Wanzhou with picking vegetables,\u003C\u002Fp>\n\u003Cp>he spoke, \"The Big Five investment banks in America refer to private investment banks, namely Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns.\"\u003C\u002Fp>\n\u003Cp>\"If Aunt Gu finds investment banking a bit unfamiliar,\"\u003C\u002Fp>\n\u003Cp>\"you might be aware of HSBC on Hong Kong Island, where they offer domestic deposit interest rates at ten percent.\"\u003C\u002Fp>\n\u003Cp>\"These banks were once at the height of their glory in America.\"\u003C\u002Fp>\n\u003Cp>\"Their economic domains had extended into every aspect of the lives of ordinary Americans.\"\u003C\u002Fp>\n\u003Cp>\"However, under the global financial tsunami triggered by the subprime mortgage crisis,\"\u003C\u002Fp>\n\u003Cp>\"within less than a year, most financial institutions couldn't hold out.\"\u003C\u002Fp>\n\u003Cp>\"Among them, Merrill Lynch was acquired by Bank of America in 2008.\"\u003C\u002Fp>\n\u003Cp>\"Lehman Brothers has already collapsed.\"\u003C\u002Fp>\n\u003Cp>\"The fate of Bear Stearns was not much better, disappearing into history that same year, 2008.\"\u003C\u002Fp>\n\u003Cp>\"Now, the only super investment banks left are essentially Goldman Sachs and Morgan Stanley.\"\u003C\u002Fp>\n\u003Cp>Li Zhiyan was somewhat impressed with himself for remembering these things so clearly; he thought that it might be related to his enhanced memory after coming back to life.\u003C\u002Fp>\n\u003Cp>\"Auntie understands now…\"\u003C\u002Fp>\n\u003Cp>\"These super investment banks are private banks, and they use the bank's money to make various investments to make money.\"\u003C\u002Fp>\n\u003Cp>\"But they collapsed under the subprime crisis.\"\u003C\u002Fp>\n\u003Cp>\"However, does this have anything to do with the rise in house prices?\"\u003C\u002Fp>\n\u003Cp>Gu Wanzhou found herself growing fonder of Li Zhiyan by the moment and inwardly regretted that he wasn't her own son.\u003C\u002Fp>\n\u003Cp>What a talented and outstanding young man.\u003C\u002Fp>\n\u003Cp>\"Subprime denotes loans that are of inferior credit quality,\"\u003C\u002Fp>\n\u003Cp>\"meaning 'subprime' relates to low credit and weak ability to repay debts.\"\u003C\u002Fp>\n\u003Cp>\"This is similar to the credit scoring system in our country where people without stable jobs are tagged with a low credit rating.\"\u003C\u002Fp>\n\u003Cp>\"Those people are basically impossible to lend to by banks.\"\u003C\u002Fp>\n\u003Cp>Seeing the awe in Gu Wanzhou's eyes,\u003C\u002Fp>\n\u003Cp>Li Zhiyan continued, \"In America, loans are a very common occurrence because everyone likes to consume beyond their means.\"\u003C\u002Fp>\n\u003Cp>\"For something as expensive as a house,\"\u003C\u002Fp>\n\u003Cp>\"it is normally bought through long-term loans.\"\u003C\u002Fp>\n\u003Cp>Gu Wanzhou nodded lightly, looking at the child before her; she felt as if Li Zhiyan was a teacher imparting knowledge to her.\u003C\u002Fp>\n\u003Cp>\"However, with a high unemployment rate in America, these unstable earners are defined as subprime borrowers,\"\u003C\u002Fp>\n\u003Cp>\"also known as subprime loan recipients.\"\u003C\u002Fp>\n\u003Cp>\"Regular banks are reluctant to extend credit to these people,\"\u003C\u002Fp>\n\u003Cp>\"fearing they won't be able to pay back, thus giving rise to subprime mortgage lending.\"\u003C\u002Fp>\n\u003Cp>\"Since banks are unwilling to loan to these individuals, private banks offer loans by charging high interest rates.\"\u003C\u002Fp>\n\u003Cp>\"The returns from the subprime mortgage market are several times higher than the bank's loan interest rates.\"\u003C\u002Fp>\n\u003Cp>\"In this respect, it's somewhat similar to HSBC.\"\u003C\u002Fp>\n\u003Cp>Gu Wanzhou recalled that she too had sought loans from HSBC in the past.\u003C\u002Fp>\n\u003Cp>The interest was as much as thirty percent a year, essentially usury.\u003C\u002Fp>\n\u003Cp>\"Due to the quick rise in house prices,\"\u003C\u002Fp>\n\u003Cp>\"many American stimulus loan recipients just follow the trend,\"\u003C\u002Fp>\n\u003Cp>\"borrowing money to buy houses.\"\u003C\u002Fp>\n\u003Cp>```\u003C\u002Fp>\n\u003Cp>\"Before 2006, America's real estate was in a state of continuous boom,\"\u003C\u002Fp>\n\u003Cp>\"and at that time, interest rates were particularly low.\"\u003C\u002Fp>\n\u003Cp>\"As a result, the subprime mortgage market was rapidly developing.\"\u003C\u002Fp>\n\u003Cp>\"However, America's stimulus for the mortgage market used a combination of fixed and adjustable rates.\"\u003C\u002Fp>\n\u003Cp>\"The interest rates for the initial years of repayment were fixed at a low rate.\"\u003C\u002Fp>\n\u003Cp>\"Years later, the loan interest was repaid based on changes in the interest rate.\"\u003C\u002Fp>\n\u003Cp>\"After 2006, as America's real estate market cooled and adjustable rates increased,\"\u003C\u002Fp>\n\u003Cp>\"the repayment rates for subprime loans also rose significantly.\"\u003C\u002Fp>\n\u003Cp>\"Many of these subprime borrowers were economically weak to begin with, and under these circumstances, hordes of homebuyers couldn't afford their loans.\"\u003C\u002Fp>\n\u003Cp>\"So they had no choice but to default.\"\u003C\u002Fp>\n\u003Cp>\"After the banks took back the houses, they found no buyers, leading to a vicious cycle.\"\u003C\u002Fp>\n\u003Cp>\"A financial crisis began in 2007 and totally exploded in 2008.\"\u003C\u002Fp>\n\u003Cp>\"The American government had no choice but to print money without limit to save the market.\"\u003C\u002Fp>\n\u003Cp>\"And due to the Bretton Woods system established after World War II, America pushed all this newly printed money to the entire world.\"\u003C\u002Fp>\n\u003Cp>\"Making people all over the world pay for America's actions.\"\u003C\u002Fp>\n\u003Cp>Actually, Li Zhiyan didn't understand either.\u003C\u002Fp>\n\u003Cp>But, knowing future trends, he could be considered a prophet, so whatever he said was right.\"\u003C\u002Fp>\n\u003Cp>Li Zhiyan discussed the financial crisis with an air of nonchalance.\u003C\u002Fp>\n\u003Cp>My heartbeat inexplicably quickened. How does this kid know everything? When he talks about these things, he inexplicably looks a bit handsome.\u003C\u002Fp>\n\u003Cp>Talented men are indeed attractive.\u003C\u002Fp>\n\u003Cp>\"So, under America's unrestrained money printing in 2008,\"\u003C\u002Fp>\n\u003Cp>\"we also experienced a significant flood of liquidity.\"\u003C\u002Fp>\n\u003Cp>\"After this money entered the market,\"\u003C\u002Fp>\n\u003Cp>\"it didn't flow into other industries but was locked into real estate instead.\"\u003C\u002Fp>\n\u003Cp>\"Only in this way could they ensure that prices wouldn't skyrocket.\"\u003C\u002Fp>\n\u003Cp>\"Real estate is our reservoir.\"\u003C\u002Fp>\n\u003Cp>\"It ensures that the newly issued currency doesn't circulate in the market.\"\u003C\u002Fp>\n\u003Cp>Li Zhiyan didn't quite understand these things, so he went on to talk nonsense.\u003C\u002Fp>\n\u003Cp>As long as the outcome was right, that was all that mattered.\u003C\u002Fp>\n\u003Cp>Gu Wanzhou listened from the side, somewhat confused, but she was completely convinced by Li Zhiyan.\u003C\u002Fp>\n\u003Cp>This kid could self-learn computer programming at 18.\u003C\u002Fp>\n\u003Cp>He really was different from ordinary people!\u003C\u002Fp>\n\u003Cp>\"So, for many years to come, I predict that housing prices will continue to rise.\"\u003C\u002Fp>\n\u003Cp>\"If you buy a house now, with a down payment, you can make a lot of money in the future.\"\u003C\u002Fp>\n\u003Cp>Looking at Li Zhiyan in front of me, still helping with the vegetables,\u003C\u002Fp>\n\u003Cp>I felt my heartbeat quicken even more.\u003C\u002Fp>\n\u003Cp>My hormones seemed to start flowing.\u003C\u002Fp>\n\u003Cp>Is this the feeling of being smitten?\u003C\u002Fp>\n\u003Cp>Thinking back to Li Zhiyan's long speech, my heart just couldn't settle down.\u003C\u002Fp>\n\u003Cp>\"Little Darling, Auntie really didn't expect you to know so much.\"\u003C\u002Fp>\n\u003Cp>\"What you said earlier makes a lot of sense; I've decided to buy another house.\"\u003C\u002Fp>\n\u003Cp>After patting Li Zhiyan's head,\u003C\u002Fp>\n\u003Cp>Gu Wanzhou continued, \"Auntie wanted to ask you, would you be willing to be my godson?\"\u003C\u002Fp>\n\u003Cp>\"In the future, Auntie will cherish you just like a mother would.\"\u003C\u002Fp>\n\u003Cp>Li Zhiyan felt somewhat helpless. How come after being reborn, both Yu Sisi's real mom and Liu Zifeng's real mom wanted to be his mother; it was absurd.\u003C\u002Fp>",1115,"2026-06-06T03:01:05.237Z",1,"novelbin.me","f3dcaed370200afba97be9b8635a417725f6e8f7200b90ddebc2ba90a407029f","reborn-instead-of-chasing-the-school-beauty-i-ch-chapter-16","reborn-instead-of-chasing-the-school-beauty-i-ch-chapter-14",1617,"https:\u002F\u002Fnovelzhen.com\u002Fimages\u002Fcovers\u002Freborn-instead-of-chasing-the-school-beauty-i-ch-cover.jpg"]