Chapter 10: I'm the Big Cousin
Make hay.
Make a lot of money.
Whose money is it earning?
Of course, it's all about making other people's money.
But what happens if you don't make the money you should have earned?
George Soros doesn't know how others would feel, but he just knows that he's in a terrible mood.
He had been bearish on the pound for a long time, and he saw the opportunity at the time of the merger of East and West Germany, and that a Germany that was too strong would inevitably upset the existing political and economic balance in Europe.
And so it was.
With the fall of the Berlin Wall, the Deutsche Mark has been frantically sought after by capital, and has come out of one high after another under the continuous buying of quantum funds and other capital, and the stronger and stronger Mark has forced the Germans to choose to raise interest rates to curb inflation.
Does anyone know the Germans better than the Jews?
No.
It is not oneself or a friend who knows oneself best, but an enemy.
No one knew the existence of the Germans better than the Jews.
The Germans themselves are arrogant, dull and arrogant guys, and wealth is something that can easily be empty, and the continuous strengthening of the mark only provokes the rigidity and arrogance that the Germans have to bury in their hearts.
Sure enough, as Mark went strong, the Germans began to look down on his current teammates, and even wanted to plunder their wealth with a powerful economy.
The times create heroes, and heroes create the times.
At one point, George Soros felt a deep sense of satisfaction watching the Germans act as he expected, especially in the small town of Bath, when Schlesinger hinted that he hoped that the Italian guy who was always dragging his feet would be unlucky, and almost laughed out loud.
Everything was so perfect.
It is simply seamless to continue to buy the mark and crush all the exchange rate members with the mark.
But now, what is it?
I was bearish on the pound and established enough pound to sell positions, and as a result, the pound did collapse as I expected, but the $10 billion invested by the quantum fund only earned a mere $300 million.
George Soros has a feeling that he has been greened.
No, it's worse than that.
It's like he has been green all his life, but in the end he finds out that the child he has worked so hard to raise is not his own.
Compared to George Soros's grievances and depression, Stanley Druckenmile was much better, looking at his boss's face as if he had swallowed, and felt that he should say something.
"George. You taught me not to worry about what has happened, at least, we made $300 million. ”
"But we should have made more money. ”
"It's not our fault, no one would have thought that anyone would dare to build such a big short. I admired his guts. ”
Now that the pound is out of the way of the exchange rate mechanism, I need to talk to Allen. ”
“......”
Stanley Drucken-Maitreya didn't say much, just shrugged his shoulders, he didn't like to mess with the Fed guys, even though he knew everything.
Back in the office, George Soros made a phone call.
"Alan, it's me. ”
"Oh. George, haven't you rested so late, is there anything you want to talk to me about?"
"Yes, Alan. I have a large position in my hand that I can't sell and it will take a little bit of time. ”
"How so?"
"I'm not sure, but I've heard that it's the guy named Shen Jiannan and the polar bear who hold a large market share, which leads to the lack of buyers in the market. ”
"This is bad news...... Wait a minute, I've got a call coming in. ”
“......”
“......”
"George. You are right, news has just come from London that the British and Capital One have negotiated at the Admiralty Building. ”
"What's the result?"
"The Bank of England will cut interest rates by 2.5 per cent to stimulate the economy. ”
“......”
Hanging up the phone, George Soros sighed helplessly.
Now that the UK has left the European Exchange Rate Mechanism, the political and commercial needs have been met, and now it will miss the last chance not to sell the positions held.
After thinking about it for a while, he picked up the phone and discussed it with Drucken Maitreya.
"Stanley. I received the news that the Bank of England may cut interest rates by two hundred and fifty basis points. ”
"Is this news confirmed?"
"Allen told me. ”
In Alan Greenspan's capacity, this news is certainly not wrong.
Stanley Druckenmile shook his fist excitedly.
"It's been fantastic. Two hundred and fifty basis points is definitely super bearish for the pound, we can take advantage of this to sell almost the remaining three billion pounds, and we can also take the opportunity to long the British stock market, I believe that soon the stock market will change trend because of this policy. ”
"You're the same as I think, but you have to be fast, God knows how big that bastard has set up a sell position, he's a madman. ”
Regarding what George Soros said, Drucken-Maitreya strongly agreed.
To dare to establish a position size almost equal to the amount of the Bank of England's foreign exchange reserves at one time is a madman, and it is a neurosis.
Although, he admired the guy's guts.
Not daring to delay any time, Drucken-Maitreya walked to the office and began to give instructions to close the position.
Sure enough, Alan Greenspan's words were confirmed.
9.17.
The Bank of England made an announcement: in view of the current state of the economy, the central bank will cut the benchmark interest rate by 200 basis points today.
It was like a bomb dropped into a still lake, and all the speculators who received the news cheered excitedly.
Wall Street, in a not-so-large office.
Taylor Depp looked at the news prompted by Bloomberg, clenched his fists excitedly, the already weak pound suffered such a huge downside, and he knew with his ass that his underwear would definitely fall.
Huge wealth is at his fingertips, and Depp can only grit his teeth to bear the uncontrollable excitement and excitement.
But in the end, he could only go to the bathroom and use his hands to deal with the uncontrollable blood pressure, otherwise, he was very suspicious that he would die of excitement due to excitement.
"Tom. Our chance to make a fortune has come, the Bank of England has cut interest rates continuously, and the pound will definitely fall to the sky. ”
"I think so too, look, what a great bearish trend, this time, we will definitely be able to make a lot of money. ”
"This is a once-in-a-lifetime opportunity, if we succeed, we can go to Queens and buy one of the most expensive mansions, damn Shipper, he actually looked down on me last time, I must buy his house. ”
"So how big of a position do we make?"
"Oh my God. Of course it's all, what are you thinking?"
"This ...... All right. Wishing us victory. ”
“NO。 It's sure to win. ”