Chapter 1056 The Plunge Is Inevitable
After the call with Zheng Yongwen. Xiang
Su Yehao added some hot water to drink tea to refresh himself.
He sat in front of the computer in the study, carefully browsing the alarmist news with titles and keenly realized that today's crisis was a bit different from the past.
Whether it is Merrill Lynch, which "accidentally" leaking news, or Lehman Brothers, who self-reported serious losses, it is a bit forced by the Federal Reserve and Washington to provide funds or take over them.
According to Su Yehao's speculation, it is probably because they are worried that after the market is soft, they will be treated as abandoned children and simply use the market to detonate as bargaining chips to force the superiors to provide more help as soon as possible.
This means that when those giants negotiated privately with the Federal Reserve and other institutions, they would have had some differences, otherwise at least Lehman Brothers would not have to risk jumping out and add fuel to the fire.
This is a bit suspicious of being a desperate bet and starting to cheat.
The subprime mortgage market, with a total scale of more than $1 trillion, has previously digested a small part of its bad debts.
For example, Bear Stearn, one of the five major investment banks, was taken over by JP Morgan after going bankrupt, and the subprime mortgage losses were converted into bad debts in the company. There are many examples like this.
However, the remaining subprime mortgage scale is still as high as more than 1 trillion US dollars, and the power of this powder keg is still enough to blow up the global economy.
If you give more time and slowly digest it like in the past year or so, it may be possible to achieve a soft landing.
It's a pity.
The Federal Reserve and Washington can afford to wait, and a group of financial institutions affected by subprime mortgages have reached the verge of survival.
Instead of letting assets clear, it is better to put it to death and use the global economy as a bargaining chip to play, so that the superiors can provide more help as soon as possible, and at least some leftovers can be left without completely clearing them.
With the style of those Wall Street elites, Su Yehao did not doubt whether they could be so bold.
After all, compared to win-win cooperation, harming others and self-interest is the norm on Wall Street.
Regarding the subprime mortgage crisis, there have always been solutions.
If hundreds of billions of dollars were printed, and the official guaranteed the repurchase of sub-mortgage financial derivatives on the market, the entire crisis might be eliminated. Anyway, countless money was printed, and it was not much more than that.
The problem is that taxpayers do not agree. It happened that the year when the donkey and elephant fight, and the emergency funding plan could not be passed.
Combined with this background.
Su Yehao vaguely felt that maybe some unexpected surprises would appear today.
As long as Washington and the Federal Reserve clearly state that it will sit still, it is likely to trigger a systematic financial tsunami, which will sweep the world like in previous lives.
...
Communication and discussion, meetings, etc. will take time.
Su Yehao was still sleepy and did not sit in front of the computer. He waited for his boots to fall to the ground. He only turned on his phone and continued to go back to bed to rest.
He seemed to be out of the matter, but in fact, his short position of nearly $20 billion was nearly $20 billion, and every dollar of stock he sold was a bullet shot at the financial giants.
The market is already in a panic and lacks the takeover warriors who take the initiative to sacrifice themselves. The short orders and news released by Zheng Yongwen and others have affected market confidence and successfully caused a trend of shorting the US stock market, tilting the balance in a direction that is beneficial to Su Yehao.
Before this.
A-shares have already burst, and the northern real estate market has been affected by the economy and is still half dead.
With the poor performance in the foreign trade market, Su Yehao has nothing to worry about. Anyway, no matter how bad the situation is, it will not be much more difficult than it is now.
According to the news he received, many plans have been prepared in advance, including an economic stimulus plan with a scale of trillions of yuan. With this shot of heart-warming agent, the effect will be immediate.
Su Yehao himself will also buy at the bottom in a low-key manner and "released" 300 to 400 billion yuan.
The reason why we should be more low-key is to avoid irritation in the international market, especially in the US market. Since we have not broken up for the time being and want to continue making money in the United States, it is best not to do the disgusting things of picking up the bowl and eating, putting down our chopsticks and cursing our mother.
If there is a chance, Su Yehao is even willing to "help" and acquire one or two American banks and investment banks to gain market favorability while continuing to enhance his own strength. In addition, it also takes SSSSS Asset Management Group to a higher level and takes the opportunity to expand its international business territory.
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It was past six o'clock in the morning.
The phone on the pillow was vibrating. Jiang Yu, who was disturbed by Qingmeng, was very upset. She kicked Su Yehao directly, turned over and continued to sleep.
Su Yehao almost fell off the bed. At this moment, he looked confused. He scratched his head and picked up the phone to slide the screen and put it in his ear.
Just listening to the other end of the phone, Zheng Yongwen said with an excited tone:
"The Treasury Secretary has just held an extraordinary press conference and publicly announced that he would not use taxpayers' money to rescue Merrill Lynch and Lehman Brothers! Although it is after-hours news, as long as there is no more changes, the market will definitely plummet, and we will be about to succeed!"
Su Yehao subconsciously wanted to go to the study room, and temporarily changed the route to go to the bathroom to put water in, and replied:
"Congratulations, congratulations, and congratulations to myself. Since the Treasury Secretary spoke in person, instead of looking for a microphone to test the market sentiment, it is basically stable, right? Do you think if I take the initiative to extend an olive branch, will I have a chance to acquire Merrill Lynch Securities?"
In order to short, Zheng Yongwen thoroughly studied these companies and immediately told: Xiang
"It's not just you who are interested in Merrill Lynch. There is news that Morgan Stanley is in contact with Merrill Lynch, but that was a week ago and there should be variables now. In order to prevent the market crash, Morgan Stanley's board of directors may be willing to make some efforts. Now the stock price is falling is inevitable. This is another thing. You can try it, but you have to wait until the position is closed."
With bitterness in his mouth, Su Yehao began to brush his teeth again, and his voice was vague: "OK, Lehman Brothers took the initiative to self-destruct, the shareholders were already stunned, aren't they?"
"There is no impact. Morgan Stanley was already interested in Merrill Lynch and had the idea of saving it, but no company paid attention to the Lehman Brothers, which is extremely debt-ridden. It can be said that its self-destruction was a result of helplessness. Anyone who is willing to help Lehman Brothers will not be so extreme. I have to thank its board of directors."
Half a year has passed since he said he had stopped working on the Hong Kong Stock Exchange, and Zheng Yongwen is only busy shorting the US stock market.
Seeing that he had fueled the fire, Zheng Yongwen, who had successfully ignited the explosive barrel, was still excited and suggested: "Have breakfast and chat in person? He Hongji, who went to Causeway Bay, wanted to eat his wonton noodles."
Su Yehao immediately replied: "Okay, it should be very fast to drive over. I will meet in the store in forty minutes."
"Okay." Xiang
Hang up the phone.
Su Yehao wears clothes while surfing the Internet to check related news.
The financial landscape is overwhelming, all of which are negative reports from Merrill Lynch, Lehman Brothers, Washington Mutual Bank and other companies.
Compared to the four words "storm" about to come, the Finance Minister's speech was more like a tsunami that had been directly patted on his face.
When the securities trading markets in various places open, a plunge is inevitable...
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Chapter completed!