Song Hong Warning Tsunami Second wave this fall to kill

Zhang Sanwei has accurately predicted the financial tsunami, the mainland "currency war" author Song Hong recently issued an early warning that the second wave of the tsunami will be in the Year 9, October, and the second wave of the storm will detonate the eye of corporate debt, financial debt, local government debt and other asset-backed bonds. 　　He also suggested that it is still appropriate to maintain the "cash-for-king" investment strategy, but the funds can not be locked in a safe deposit box, the company prepared sufficient "winter" fodder, to seize the opportunity, investors can consider increasing oil, silver, gold and part of the real estate. In a seminar in Chengdu, Song Hong, a local government debt, pointed out that the global stock market appears to be bottoming out on the surface, but personally believes the global economy has not bottomed out. 　　The storm of the current crisis, he said, had shifted from the US $13 trillion trillion mortgage market to 27 trillion-dollar corporate bonds, financial debt, local government debt and other asset-backed debt, the second wave of the financial tsunami, most likely to be killed in the 9 and October. The European and American commercial banking system will be the first to why the U.S. debt will become the second wave of the tsunami fuse? He argues that once the US economy has plunged into recession, such as the 1991-and 2001-year recession, there has been a sharp rise in the rate of default on junk debt. The current default rate of junk debt in American corporate debt has climbed from 2.68% in October 2008 to 4.5%, and he expects the 9 and October defaults to rise by 3 to 5 times times more, and the big commercial banking system in Europe and the US will be the first, so he said, "There is reason to judge that its impact will not hoe the impact of subprime mortgages." "Cash for the King" seize the opportunity to invest in the crisis is not over, song Hong that companies should follow the "cash-for-king" strategy, that is, to ensure sufficient cash flow, but the funds can not be locked in a safe deposit box, because "money is not equal to wealth", we have to grasp the opportunity to change banknotes into entities. For example, in the early 70, if a Chinese had 7000 yuan, if he put money in the bank to eat interest, 30 years later he will be the richest people to become the poorest people, if he had to convert all the money into gold, 7000 yuan to now has become 4.8 million yuan. 　　This is the result of currency devaluation and inflation. Therefore, Song Hong pointed out that small and medium-sized enterprises to prepare cash flows through the winter, large enterprises have to prepare cash "bottom", seize the opportunity to buy. As for small investors, he suggests buying assets such as oil, gold and quality property in a timely fashion. He analyzed, to get rid of the recession, the United States will certainly find a new economic engine, now it should be a low-carbon economy, "The price of oil will certainly rise, because the oil price is less than 75 dollars, low-carbon economy of enterprises are not survive, so we can focus on oil-related investment products." "In order to buy oil and gold quality property in addition, song Hong that because silver is one of the core materials in Low-carbon economic energy devices, investors can consider investing in whiteSilver, "Silver dosage is very small, price bounce force is very big." "In addition to the declining dollar status, gold as a hedge tool, under inflation will have a greater room for growth."