The establishment of the New York Economic Institute only caused a little stir in the huge New York City, and then it was fleeting.
The New York Times is still preaching about housing prices, the CDO securities market is still booming, short sellers are quietly raising funds and ready to move, and active and retired referees are thinking about how to grab more profits.
Fang Zhuo did not see Rubin, Geithner, and even Mr. Sa only once. However, the NYE office in the Empire State Building was quickly filled with scholars from Harvard University.
Objectivity, independence, and a third party are what Fang Zhuo, the sponsor, demands of this organization most of the time.
Throughout early July, Fang Zhuo was in New York to provide support for Miga Fund and Mr. Kong.
The financial institutions attracted by the charity dinner were more willing to talk directly with Mr. Fang for several days than with the middle-aged Oriental man who was the president of Miga Fund.
Fang Zhuo welcomes all comers. Many institutions are within the reach of the two democratic leaders in Salvador and Luxembourg, and have a deep or superficial relationship. Institutions such as Northern Trust originated in Chicago.
Rising political stars are related.
In addition, Google founder Larry also invested money personally after chatting with Fang Zhuo in Yike's office.
This money is Larry’s budget for coming to New York to buy a villa...
How can I put it this way, when Larry walked out of Yike Company, he suddenly felt a little confused and regretful. How on earth could he be confused and chatting with Mr. Fang about housing price trends, financial management concepts, fund performance, and then impulsively?
What about the one who promised to invest?
Larry left New York with several copies of the New York Times given to him by Mr. Fang, planning to come back in half a year to verify his small bet on housing prices with Mr. Fang.
The founder of Google invested US$40 million, which was more generous and more generous than many institutions invested.
All we can say is that this is just a speck of dust from the top rich.
In comparison, the style of another rich man is very different.
Agawa is a well-known real estate developer in New York, but his reputation is mixed, and his hype-loving style is disliked by many political and business celebrities.
He was very interested in the past earnings and future investment direction of the miga fund. After meeting Kong Yu at the charity dinner, he visited the real director of the foundation several times.
Unfortunately, the young Eastern population is very tight-lipped and is only willing to accept investment, not closer cooperation.
Also, Ah Chuan always felt that the look on Mr. Fang’s face was weird, and he didn’t know if it was his own imagination.
In the end, Achuan bargained and bargained, breaking through the investment threshold of 10 million, and invested a modest investment of 5 million US dollars.
Referees, institutions, and rich people, in less than two weeks, MIGA Fund raised an additional US$390 million, while the big short John Paulson needed 150 million to build a short CDO position.
The funds flowing through different channels found John, which greatly surprised him, and he established two short-selling funds of the same type one after another.
John's way of shorting was to short dangerous CDO securities while acquiring cheap CDS contracts, but the information on the former was not so easy to screen and penetrate, so he simply built his own CDO junk in the name of Goldman Sachs with a remuneration of US$15 million.
securities.
This process was opened up by Goldman Sachs to John for the sake of money.
However, Goldman Sachs was also a little surprised that John's demand suddenly increased a lot. They paid attention to the market trends, but did not get any useful results. They could only continue to silently absorb CDS contracts to offset the CDOs in their hands.
risks of.
This action of Goldman Sachs came from Paulson, who was promoted to financial steward. He strictly demanded that Goldman Sachs do risk hedging for CDOs. This firm attitude was completely implemented after the dismissal of several dissenting executives.
On July 20, MIGA Fund recovered part of its own funds, amounting to US$310 million. These profits were based on the prosperity of the US real estate market in recent years, the recovery of the Internet industry, and the boost of Chinese concept stocks.
, will continue to branch out some flows to John Paulson, and build positions against Fannie and Freddie.
According to Fang Zhuo's estimation, by the end of this year at the latest, the market should be able to feel the chill in real estate and subprime debt, and the stock prices of Fannie and Freddie will respond.
This is a wave of quick money.
In addition to attracting some U.S. chips for lobbying, its short-term realization will also help Bingxin catch up on two legs.
In terms of talent, Liang Mengsong is close to being in place. A group of engineers he worked in Taiwan are also leaving one after another. Several universities in the mainland, including the University of Science and Technology of China, will import graduate talents. These are the fresh blood and vitality of Bingxin.
When it comes to funds, there is no need to wait until the subprime crisis and financial crisis are completely over, short-selling money can be withdrawn and placed where development is needed.
There are people who have money and time. When Fang Zhuo was making calculations, he couldn't help but look forward to a few more interest rate hikes from the Federal Reserve.
However, the Fed's actions on the real estate market seemed to have completely stalled after the first half of the year, as if it also smelled something not quite right.
On the last day of July, Fang Zhuo finished attending another cocktail party in New York, packed his bags, and prepared to return to China.
But he was not idle on his last day in the United States.
After asking about the team's construction first, the general manager signed two players from Europe, shooting guard Anthony Parker and power forward Darius Songela. These are names that Fang Zhuo is not familiar with. He can only take a look.
Subsequent changes.
Afterwards, Fang Zhuo had lunch and dinner with Stringer and Yu Hong respectively.
Sony released its financial report for the second quarter of this year after receiving funds from Fang Zhuo for the purchase of Android shares. Regardless of the performance of TVs, panels, and consumer electronics, at the very least, this data is relatively good.
Looking at the old jazz talking and laughing while eating, he has some plans for Sony's future.
Fang Zhuo sincerely blessed Stringer and felt that even if Sony expelled the British knight in the future, he would definitely retain his position as executive director of Yi Kefei.
Dinner with Mr. Yu Hongyu in the evening will be very businesslike.
Yike's mobile phone project gradually encountered obstacles, which required Yu Hong to coordinate and solve them.
As Apple gradually revealed information that was unknown to be true or false, Mr. Yu's pressure also increased day by day. During this meal, in addition to complaining about the boss's recent cocktail party in New York, they also systematically discussed the selection of important parts of the mobile phone.
The flight from New York to Shanghai is at one o'clock in the morning.
The two of them had dinner until eleven o'clock at night. In addition to plates, there were also documents on each other's tables.
"Mr. Fang ate too much at the reception and dinner, and none of this was to your liking?" Yu Hong asked with a smile when she saw the boss's untouched dinner.
Fang Zhuo also smiled and replied: "My stomach is a little uncomfortable, a minor problem, an ulcer."
He had some stomach ulcers during his previous physical examination. According to the doctor's advice, he should try to avoid coffee, strong tea, quit smoking and drinking, and eat regularly.
But these are not easy to do when you are busy, especially since I also like to drink strong tea and coffee, so I will inevitably drink alcohol at this month’s reception.
When Yu Hong heard this, she was slightly startled: "I thought you, a workaholic, were an iron man. My dad also has this problem. Pay attention to your health. Don't be busy with so many things when you return home. Eat on time and take good care of yourself."
Fang Zhuo laughed: "Absolutely, Mr. Yu, let's communicate more. Those who come from China for exchange and study next month must also be arranged. Software development based on the Android system is very important, and it will be our competition with Penguin."
An important part.”
After Yu Hong said these two words, she heard about the work again. She felt a little helpless and could only respond: "Okay, I will report to Boss Fang in time."
"Let's go. See you later. I'll probably have to fly around a lot in the second half of the year." Fang Zhuo didn't hesitate. He took the documents and prepared to take the car to the airport.
"It's safe when you get up and down, and take care of your health." Yu Hong only had this final instruction.
After getting in the car, Fang Zhuo lowered the window and waved to Mr. Yu.
He will come again soon to see the fireworks of the subprime debt crisis live.
…
Google, Android, Taiji, Qualcomm, Subprime Debt, Da Lu, Xiao Sa and Xiao Ao.
On the flight back to China, Fang Zhuo did not review the documents as usual. He just quietly reviewed the various situations he encountered on this trip. Some things could have been handled better if he did it again, but at the time, he did his best.
Already.
To say that what excites him most these days is not the profits brought by the subprime debt crisis, but Liang Mengsong's agreement to join.
"Tea, forget it, just drink water."
Fang Zhuo thought seriously for a long time and let out a sigh of relief after his mind became clearer.
The secretary handed over the cold boiled water. Seeing that Mr. Fang looked relaxed after drinking it, he said with a smile: "Mr. Fang, Jay Chou will release a new album "Still Fantasy" in September, and he has also recorded a new song specially for you."
Fang Zhuo was a little surprised: "New album? Will he include the song about scolding the referee?"
As he spoke, he took the earphones and listened to a new song "Brother" by Jay Chou that he had never heard before. There was a line in it, "Mr. Fang told me to stop calling me brother. I have to stick to myself, brother, brother..."
After listening to it, Fang Zhuo put down his headphones. It couldn't be said that he felt a wonderful feeling, but it was probably the little butterfly effect he brought about.
It’s not bad at all. It’s a good thing to inspire the desire to write songs, and it’s also a good thing to instigate changes in the semiconductor industry.
A butterfly in the Amazon rainforest, occasionally flapping its wings, may cause a tornado in Texas, USA, two weeks later.
Fang Zhuo flapped his wings vigorously, intending to stir up a bigger storm.
－－－－－－Digression－－－－－
It's too late to come back today. I'll send you as many codes as you want. I'll try to get back as early as possible tomorrow.
