Su Yehao added some hot water and drank tea to refresh himself.
He sat in front of the computer in his study and carefully browsed through the news with alarmist headlines one after another. He was keenly aware that today's crisis was a little different from the past.
Whether it was Merrill Lynch, which "accidentally" leaked the news, or Lehman Brothers, which revealed serious losses, they all forced the Federal Reserve and Washington, hoping that someone would provide funds or take over the acquisition.
According to Su Yehao's guess, it is probably because they are worried that after the market soft landing, they will be regarded as abandoned and ignored, simply using the detonating market as a bargaining chip, forcing the higher-ups to provide more help as soon as possible.
This means that there must have been some differences when those giants negotiated privately with the Federal Reserve and other institutions. Otherwise, at least Lehman Brothers would not have had to take the risk of jumping out and adding fuel to the fire.
This seems like a desperate move and a start of cheating.
The subprime mortgage market, which has a total scale of more than one trillion US dollars, has absorbed a small part of bad debts before.
For example, Bear Stearns, one of the five major investment banks, was taken over by JP Morgan after bankruptcy. Subprime mortgage losses were converted into corporate bad debts. There are many, many more examples like this.
However, the size of the remaining subprime loans is still as high as more than one trillion US dollars, and the power of this powder keg is still enough to blow up the global economy.
If given more time, it may be possible to achieve a soft landing if the situation is slowly digested as it has been over the past year or so.
Unfortunately.
The Federal Reserve and Washington can afford to wait. A group of financial institutions affected by subprime mortgages are on the verge of survival.
Rather than letting the assets be wiped out, it is better to put them to death and survive, use the global economy as a bargaining chip to play games, and let the higher authorities provide more help as soon as possible. At least there will be some leftovers, so that it will not be completely wiped out.
With the behavior of those Wall Street elites, Su Yehao had no doubt that they could be so bold.
After all, rather than win-win cooperation, benefiting oneself at the expense of others is the norm on Wall Street.
Regarding the subprime mortgage crisis, there have always been solutions.
If hundreds of billions of dollars are printed and the government buys back the subprime mortgage financial derivatives on the market, the entire crisis may be eliminated. Anyway, there is a crazy amount of money printing, so there is no need to print more money.
The problem is that taxpayers won't agree. It's a year when donkeys and elephants are at loggerheads, so the emergency funding package is unlikely to be passed.
Combined with this general background.
Su Yehao vaguely felt that there might be some unexpected surprises today.
As long as Washington and the Federal Reserve make it clear that they will sit back and do nothing, there is a high probability that a systemic financial tsunami will be triggered, which will be enough to sweep the world like in previous generations.芊
…
Communicating, discussing and holding meetings will take time.
Su Yehao was still sleepy. Instead of sitting in front of the computer, he waited for his boots to fall. He only turned on the vibrate of his phone and continued to rest in bed.
He seems to be staying out of the situation, but in fact, the total size of his short position is close to 20 billion US dollars, and every dollar of stocks sold is a bullet fired at those financial giants.
The market was already in turmoil, and there was a lack of dedicated takers. The short orders placed by Zheng Yongwen and the others, and the news released, were all affecting market confidence, successfully triggering a trend of shorting U.S. stocks, and tilting the balance in Su Yehao's favor.
Before that.
The A-share market has been hit by a thunderstorm, and the property market in the north has been affected by the economy and is half dead. 芊
Coupled with the poor performance of 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 information he received, many plans have been prepared in advance, including an economic stimulus plan with a scale of several trillion yuan. With this shot in the arm, the effect will be immediate.
Su Yehao himself will also keep a low profile and buy the bottom, "releasing" RMB 300 to 400 billion.
The reason for keeping a low profile is to avoid causing resistance in the international market, especially the U.S. market. Since we have not broken up yet and want to continue making money in the U.S., it is best not to pick up the bowl to eat and put down the chopsticks to curse.
disgusting things.
If given the opportunity, Su Yehao is even willing to "help" and acquire one or two American banks and investment banks. While gaining favor from the market, he will continue to strengthen his own strength. In addition, it will also allow SSSSS Asset Management Group to move to a higher level and take the opportunity to expand internationally.
Business territory.
——————————
It’s past six o’clock in the morning.
The phone vibrated beside her pillow, and Jiang Yu was very unhappy that her dream was disturbed. She kicked Su Yehao awake, turned over, and continued to catch up on her sleep.
Su Yehao almost fell off the bed. He was confused now. He scratched his head, picked up the phone, swiped the screen to connect, and put it to his ear.
On the other end of the phone, Zheng Yongwen said in an excited tone:
"The Finance Minister just held an impromptu press conference and publicly announced that taxpayers' money will not be used to bail out Merrill Lynch and Lehman Brothers! Although it is after-hours news, as long as there are no more changes and the market absolutely plummets, we will be almost successful.
Got it!"
Su Yehao subconsciously wanted to go to the study, so he temporarily changed his route and went to the bathroom to drain the water first, and replied:
"Congratulations, congratulations to you, and congratulations to myself. Since it was the Finance Minister who spoke in person, instead of using a microphone to test market sentiment, it is basically stable, right? Do you think there is a chance to acquire Merrill Lynch if I take the initiative to extend an olive branch?
?”
In order to short sell, Zheng Yongwen thoroughly researched these companies and immediately told them: Xiang
"You are not the only one who is 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 changes now. In order to prevent the market from collapsing, Morgan Stanley's board of directors may be willing to do something
After some efforts, it is inevitable that the stock price will fall. This is another matter. You can try it, but you have to wait until the position is closed."
With a bitter taste in his mouth, Su Yehao started brushing his teeth again, speaking in a slurred voice: "OK, Lehman Brothers took the initiative to self-destruct. Are the shareholders already dumbfounded?"
"It has no impact. Morgan Stanley was originally interested in Merrill Lynch and had the idea of saving it, but no company paid attention to Lehman Brothers, which was extremely indebted. It can be said that its self-destruction was the result of helplessness. As long as someone
If I am willing to help Lehman Brothers, I will not do anything so extreme. I have to thank its board of directors."
More than half a year has passed since he stopped working at the Hong Kong Stock Exchange due to illness, and Zheng Yongwen is only busy shorting U.S. stocks.
Seeing that he had contributed to the flames and successfully ignited the explosive barrel, Zheng Yongwen, who had not slept all night, was still excited and suggested: "Let's have breakfast and chat in person? I went to Ho Hong Kee in Causeway Bay and I kind of want to eat his wonton noodles."
Su Yehao immediately replied: "Okay, it should be pretty quick to drive there. Meet us at the store in forty minutes."
"Okay." Xiang
hang up the phone.
Su Yehao was getting dressed while surfing the Internet to check relevant news.
The financial pages were awash with negative reports on Merrill Lynch, Lehman Brothers, Washington Mutual, and other companies.
Compared with the words "storm is coming", the Finance Minister's speech is more like a tsunami has been slapped directly in the face.
When the securities exchange markets in various places open, plummeting is inevitable...