The call was from Stanley Druckenmiller.

George Soros couldn't help but smile, for this young successor he personally selected, Soros has always been very satisfied, and he feels lucky for it.

In terms of reading, Deliken Miller has never been an honor student, his grades have always been outside 10 percent, and the university he studied at is also a school that does not require any grades, and he loves sports.

But Deliken Miller's talent in the market is very comparable. That feeling of the market, feeling the pulse of the market, is like yourself, no, even better than yourself. His own perception of the market comes from decades of research on the market, but Drucken Maitreya is born.

Moreover, he is not going to slack off in any way because of his talent, and his position on Mark three years ago has proven this very well.

And his philosophy is the same as his own, and most importantly, he is still very young. If there's anything immature about Stanley, maybe it's a little timid.

"Good afternoon, Stanley. What's the matter? ”

Holding the phone, Soros greeted him warmly as if he were a friend or a student, and he did not have the attitude of a boss towards his subordinates.

He really admired Drucken Miller, and many times, he was able to find his shadow in Drucken Miller.

For this, Druckenmiller has also been grateful.

In 87, a book called "Financial Alchemy" appeared in the library, and this book is the autobiography of George Soros.

When Druckenmiller first read this autobiography of Soros, he was fascinated by the investment framework behind it. It's like a towering mountain, and its macro hedging investment framework is far above Miller, and it's like the title of the book itself, alchemy, refining real gold from the market, especially Soros's reflexivity theory deeply attracted Miller.

Soon, Druckenmiller met Soros through a friend's introduction, and also maintained regular communication. Finally, after several contacts with each other, Soros offered to invite Druckenmiller to join the Quantum Fund invitation, and hoped that he could serve as the chief investment officer, but ...... Prior to this, Soros had fired nine people in succession, and he had indicated a successor.

And knowing this, Druckenmiller heard from Soros's son, "Hey, man, are you my father's successor?" Unfortunately, he had nine successors before that. Where have they gone now? Well, they've been fired.

So when he joined the Quantum Fund, Druckenmiller just regarded himself as a piece of gold, undeniably, not talking about political positions, in terms of economy and speculation, this big man who has long been famous on Wall Street is an alchemy master who has been tempered by the market. If he can pass his test and be qualified as a fund manager in Quantum Fund, it means that he is already a piece of gold.

It's a testing ground.

Soon, Druckenmiller passed Soros's initial test, took his own rights in the Quantum Fund, and had his own share of the fund to build positions.

But because Druckenmiller was still managing the Duquesne Investment Fund and was often flying to Pittsburgh, one time when he returned to his company, a position that should have been profitable was closed.

That time, the young Druckenmiller fired a lot at Soros and was ready to leave, but the result was ...... Soros handed over 90 percent of the fund's funds to management and left the quantum fund himself.

This is a great decision, to speculate, which person is not conceited and arrogant, which person is not empty-sighted, but Soros really handed over the power to Druckenmiller.

Since then, Soros has rarely been seen in the office, spending most of his time in Eastern Europe doing his political philanthropy. It wasn't until three years ago that Druckenmiller consulted Soros for the first time on his position on Mark, and Soros only said a word.

Why do you believe in you, why can't you believe in yourself, and if you believe in yourself, why bother!

Stanley, trust your own judgment, trust yourself like a pig, until, the market is completely different from your own judgment.

What could be more important than believing in yourself?

No.

But unfortunately, 99% of the world's people can't believe in themselves, on the contrary, when the market is completely different from their own judgment, 99% of people try to find a reason to believe in themselves.

Listening to George Soros's slightly aged voice, the excitement in Druckenmiller's heart dissipated a lot, and this old man who seemed to be a friend and teacher was always so calm.

After organizing the language, Druckenmiller spoke with the phone.

"George. My analyst told me that the Finnish economy has reached its limit, and I wonder if you have noticed. ”

"Oh. Let's talk about it. ”

Finland is one of the few neutral countries in the world.

After independence, education in Finland developed very quickly, many young scholars went to Germany to study industry, trained a large number of engineers, and until the end of the 40s, German was still the first foreign language among Finnish engineers.

The skills he learned in Germany led to the rapid development of Finland's machinery industry.

When Finland was defeated in 1944, the war reparations were worth 300 million gold dollars, and Finland had almost nothing, so it had to find a way out of the industry and produce the relevant products as reparations.

At that time, almost all the bulk industrial products were brought to the Soviet Union as reparations, such as ships, complete factories, power stations, tractors, boilers, locomotives, motors and transformers, timber and wooden houses, etc., and civilian household appliances, clothing, etc. By 1952, Finland was the only country to pay war reparations.

At the end of the fifties, Finland began to use computers, and in the sixties, the development of the electronics industry gradually matured, and the development of communications accelerated, which also had to be used to interfere with the operational basis of the Soviet army during the war, when the radio technology in Finland was also very advanced, just as all the equipment of the Finnish radio station was also taken away as war reparations.

Finland was not rich in natural resources and had a small market of its own, so it had to find suitable and valuable products to compete in the international market, so naturally Finland set its sights on the Soviet Union, the largest market in Europe.

In the Cold War confrontation between the United States and the Soviet Union, NATO and the Warsaw Pact also fell into a full-scale struggle, in addition to the competition in weapons and equipment, there was also a total blockade of the economy, with the position of a neutral country, Finland found a door to open the road to wealth, with the status of a neutral country, expand manufacturing, export to the neighboring Soviet Union.

Because although the heavy industry of the Soviet Union is developed, the light industry has always been subject to various problems and is very weak, but as a daily necessities, people cannot do without light industry, coupled with the confrontation and blockade between the Warsaw Pact and NATO, the Soviet Union has no choice at all.

Then, with advanced light industry, Finland became the second largest importer of the Soviet West.

And then there was no then.

Because trade with the Soviet Union was all bookkeeping, with the collapse of the Soviet Union, the money that was booked became waste paper, and Finland's excessive dependence on the Soviet market suddenly sent the Finnish economy to hell.

Workers are unemployed, housing prices are collapsing, stock markets are plummeting, and the signs of an economic crisis are already visible.

"Yesterday, news came from Finland that in the first quarter, Finnish GDP fell by 13 per cent, unemployment rose from 3.5 per cent to 18.9 per cent, and not long ago, Savings Bank, one of Finland's five largest commercial banks, was dissolved. ”

This is good news.

Holding the phone, Soros smiled flatly.

"What do you want to do. ”

"I think it's time for us to do something, with the current economy of Finland, the valuation of the mark should be greatly weakened until a new point of growth is found, and the Bank of Finland will not be able to maintain the current high exchange rate for long. If the Finnish mark and the Deutsche mark are decoupled, then it will be a real opportunity for us. ”

"Stanley, I'm pretty sure you're right, so let's do something. ”

“......”

Hanging up the phone, Soros stroked his chin, and his eyes, which should have been dull, glowed with a strange look.

The merger of East and West Germany has strengthened the power of East Germany, and it has become an important factor in breaking the European Community, and other currencies revolve around the Deutsche Mark, and if the Deutsche Mark appreciates, the currencies of other countries will be forced into exile in Germany.

How to make the Deutsche Mark appreciate?

Soros habitually raised his eyebrows, currency is still a commodity after all, and when liquidity decreases, it is natural for it to rise in logic.

Rubbing his chin and thinking about it, Soros dialed the secretary's number.

Soon, the phone was connected, and a lean female voice came out of the phone.

"Anna. Help me make an appointment with Mr. Greenspan. I'm going to have dinner with him. ”

Greenspan, full name, AlanGreenspan.

Jew, Chairman of the 13th Federal Reserve Board of the United States.

On October 19, 1987, the global flash crash caused Wall Street to experience "Black Monday", and the Dow Jones Industrial Average fell by a record 23% throughout the day.

Greenspan quickly issued a brief statement pledging to lend to any financial institution in distress after a decree from the Ministry of Finance held up global markets, and the stock market rebounded the next day, saving the full outbreak of the economic crisis.

It took four years, under Greenspan's several adjustments to the Federal Reserve's interest rates, the United States finally came out of the quagmire of economic downturn.

The U.S. dollar has once again become the world's largest currency, the Dow Jones has also reached a new all-time high of 600 points, and the real estate market has also come out of the woods, successfully stabilizing the U.S. economy.

At eight o'clock in the evening, a helicopter landed at the Intercontinental Hotel in Washington, and soon after, Soros stepped out of the plane and arrived at the revolving restaurant on the top floor of the hotel.

The restaurant is big and luxurious.

The colorful decorations and glass lamps reflect the restaurant as if it were daytime, but there is no dazzling feeling.

But at this time, there was only one person sitting quietly in the huge dining room, sitting at a table covered with white tables.

An old man who looked not much different in age from Soros, with a calm breath, gentle eyes, slightly thinning hair, and a black-rimmed glasses, without the slightest arrogance.

If it weren't for the people who saw it with their own eyes, I'm afraid no one would have thought that such an old man would be the chairman of the Federal Reserve, the tsar who controls the issuance of the dollar and the economy, Greenspan.

Soon, Soros walked up to Greenspan, and the two did not greet each other, but only looked at each other and smiled.

"George, look at how this game is going to go. ”

Greenspan said with a smile.

On the table in front of him, there was a chess game.

Chinese Chess.

Obviously, Greenspan is the chess player, and Soros ...... After observing Greenspan's chess game, he picked up a chess piece and placed it on the board.

Jumping horse, hanging horse killing, one of the horse's nirvana.

Greenspan smiled slightly, picked up the red wine on the table and took a sip gently, Soros was not polite, pulled out a chair and sat down.

“.......”

“.......”

June 6th.

Clear!

But for some investors on the Dow Jones stock market, it was a sunny to cloudy day and cloudy to light rain.

At the beginning of the morning, the stock market continued to rise under the bullish trend, but no one expected that by noon, the Dow Jones suddenly dived and closed blood-red.

down, 1.2 percent.

The reason is after the closing, many people know.

Federal Reserve Chairman Alan Greenspan made a public speech, judging from the data, the national economy is improving, the unemployment rate has dropped by three percentage points, the price index has risen by 0.8 percentage points, and the non-farm payrolls data is also more objective year-on-year.

The Fed decided to raise interest rates by 0.5 basis points, and did not rule out the possibility of raising interest rates at the next interest rate meeting.

Manhattan, Fifth Avenue, 81st floor of the Empire State Building, Shen Jiannan gently got out of bed and walked into the bathroom.

Planting beans in the south of the mountain, the grass is full of bean seedlings.

Morningside is desolate, and returns with the moon and lotus.

The road is narrow and the grass and trees are long, and the evening dew stains my clothes.

It is not a pity to stain the clothes, but the wish is not violated.

But farming, being a farmer, has been a very hard job since ancient times.

There is a poem that says:

On the afternoon of hoeing day, sweat drops into the soil.

The weather is hot again, in and out of a few busy and hard work, Shen Jiannan is naturally full of sweat, fortunately, young and young, take a hot bath, sweat all over the body, still a hundred times more energetic.

Soon, the goods wrapped in a bath towel and dragged slippers out of the bedroom to the spacious living room.

On one wall of the living room, there is a world map that I bought from the street in the afternoon, and the light blue is dotted with gilded colors in the living room, which adds a special artistic conception.

Wiping his hair with a towel, Shen Jiannan habitually lit one with a cigarette, and inhaled hard, and the nicotine mixed with the smoke entered his lungs, making people feel intoxicated and leisurely.

The TV is still on, and a host is interviewing Paul James, a well-known analyst at Morgan Bank.

"Mr. James, what impact do you think the Fed's interest rate hikes will have on the market to shrink monetary liquidity?"

"Although the Fed's interest rate hike will shrink the amount of money in circulation in the short term and cause a certain shock to the market, in the long run, this is good news.

Because the interest rate hike shows that the U.S. economy has gotten rid of the past downturn, and the data also shows that the U.S. economy is now improving, and the interest rate hike is mainly to curb inflation.

I think that as the Fed raises interest rates, global capital will be attracted to the US market, which will bring new upward expectations for the market going forward. ”

“.......”

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