As the latest transaction list of Brooke Investment Company was hung out, the entire Barton Tavern immediately boiled like boiling water, and everyone was extremely shocked to look at the news on the LED display screen and exclaimed loudly, and the center of their discussion was undoubtedly this transaction list.

"My God, if I'm not mistaken, it's April Fool's Day, and a 10 million CDS contract is only for four million dollars, is this Congressman Brooke crazy today?"

"It's definitely the best deal today, if I can buy a CDS contract for $4 million now and sell it for 5 million, I'll make a net million dollars, and even if I don't have 5 million, I can make 500,000 dollars if I can sell 4.5 million, it's definitely a sure deal, but unfortunately I don't have that much money, and I can't open this CDS contract deal. ”

"This is a huge loss, and I must inform the company that if I can win this deal, I believe that my bonus this month will be enough for me to take my wife to Hawaii......"

Listening to the discussion of these people in the tavern, Zhou Ming asked Brooke with a smile, "How do you feel?"

Brooke pouted disdainfully and said, "It's just some greedy idiot, and a little cheap price will make them tempted, but compared to that, I wonder what if they do buy the CDS contract you put out of you? You're going to have to lose more than $10 million." ”

"It's not me, it's us, my Councillor Brooke. Zhou Ming reminded Brooke, "But only 10 million US dollars is nothing, wouldn't it be better if we took out another 100 million worth of CDS contracts to place orders? But unfortunately, I don't think that the people here will give me the opportunity to lose 20 million US dollars, maybe I don't even have a chance to lose this 10 million US dollars." ”

In the face of Zhou Ming's words, Brooke did not refute because he was also in favor, although the whole tavern was now like crazy discussing the CDS contract that was sold at a low price, but no one really went to the bar to propose the intention of trading.

The reason is very simple, the people who are staring at the 500,000 and 1 million profits, they can't get enough trading funds in their pockets, and the people who can get the trading funds, they don't just think about the 501,000,000 profits, they think about why Brooke Investments is willing to sell these CDS contracts at such a low price, is it really short of money and wants to discount it in a hurry? Or is there something else?

You must know that Brooke Investment Company is a company that has experienced bankruptcy turmoil, and it is Wharton Insurance Company, which was born after the Federal Reserve's Brighton Bank and several major banks withdrew from the rescue, maybe this company will have some special inside information.

It would be bad if that were the case, because even investment firms like Brooke were going bankrupt, and other companies were even less secure in this subprime mortgage crisis.

On the other hand, if the insured company is at risk of bankruptcy and cannot continue to pay premiums, or if the insurance risk gradually increases under the influence of the subprime mortgage crisis, so that it is expected to greatly exceed the CDS contract, then these CDS contracts will undoubtedly become a piece of waste paper.

If there is such a risk, then it is better to dispose of all the CDS contracts in your hand before the risk erupts, even if you lose 501,000,000, it doesn't matter, because it is better to lose this money than to lose all your money.

It is for this reason that both conservative investors and aggressive speculators will choose to err on the side of caution.

It was also because of this idea that those 'big guys' began to look for Brooke in the tavern, after all, as a senior senator, Brooke was also a celebrity, so it was only a few minutes before someone came to talk to Brooke.

"Oh, my dear Councillor Brooke, I guessed you were here too, and I can't help but say that you always surprise me. ”

A man in a dark red evening dress came over with a wine glass and said to Brooke that Zhou Ming still had an impression of Brooke's introduction just now, and knew that he was Jamal, the chairman of the Caribbean Investment Corporation.

Maybe it was because it was too important, or maybe it was because Jamal was born with a direct personality, or maybe it was their relationship, but after saying hello to Brooke, he sat down on the couch next to Brooke and asked in a low voice, "My old fellow, can you tell me why you are selling the CDS contract at such a low price? ”

Faced with Jamal's question, Brooke shrugged his shoulders and said, "Councillor Jamal, I think you asked the wrong person this question, because it wasn't my decision. ”

Brooke's answer immediately made Jamal realize something, and he immediately turned to Zhou Ming and said, "This honorable Chinese gentleman, let me guess that you must be the one who can make such a decision, right?"

Zhou Ming smiled and nodded, but Zhou Ming didn't tell Jamal anything, he just greeted Jamal very politely first, and then asked him after introducing himself: "Don't ask me, I know what you're going to ask, but I'm curious, if I really give you the answer you want, will you really believe me?"

Zhou Ming's rhetorical question made Jamal stunned at that time, and Zhou Ming then said to him: "Many times, instead of me giving you an answer, is there any potential problem with this CDS contract, it is better for you to think about it yourself." ”

Jamal got up thoughtfully to leave, but at this moment, there was a sudden burst of enthusiastic cheers from the bar, and then the tavern foreman walked over quickly and told Zhou Ming that someone had already applied for a deal.

This shocked Jamal in his heart, he wanted to stay and see how Zhou Ming would react next, but he understood that it was rude to do so, so he left slowly, and finally heard that Zhou Ming was happy to ask the foreman to add ten more 10 million US dollars CDS contract sales order, and the price had been reduced to 3.95 million US dollars again.

"Mr. Brooke, I think you have some friendship with Mr. Jamare, right? So in your impression, he is a decisive person?" Zhou Ming asked, looking at the back of Jamal leaving.

"I'm an old friend of Jamal and I, and although there has never been a real friendship between politicians, at least I know this person. Brooke nodded and replied, "His character is very decisive, as long as he thinks there is a risk, he can give up immediately without hesitation, three years ago the stock market crash, he just felt the problem of the stock market, so he withdrew from the stock market in advance, and that time was only September, and the stock market crash will be October 19." ”

"So I'm relieved, I believe that with a Jamal, more people will believe in it. Zhou Ming said.

Zhou Ming's approach just now was deliberate, the purpose was to make Jamal worry about the subprime mortgage crisis, and only then would he sell CDS contracts along with him. As long as Jamal starts to sell along with him, in the current environment of the subprime mortgage crisis, it is easy to cause the entire market to worry about CDS contracts, and then a large-scale sell-off will break out, as for Zhou Ming, he wants this effect.

Over there, as Jamal returned, the other 'big guys' who had been going to come over also sat back in their seats, staring at Jamal and waiting for him to move.

Everything was as Brooke had introduced, and Jamel called the waiter as soon as he returned to his seat, and five minutes later, a new sale message appeared on the LED display at the bar: ten CDS contracts worth $10 million for $3.99 million.

The news was like dropping a red-hot iron ball in a pot of hot water, and it suddenly boiled again.

"Oh my God! Why is this happening? Is it true that Brooke Investments is hopeless? Why would he accept losses again and again? It's so puzzling! My head luckily didn't agree to the $4 million deal, otherwise I would have missed it!"

Countless people exclaimed at the LED display, and Zhou Ming also breathed a sigh of relief when he saw the numbers on it, although it did not show any trader information, but as long as he saw Jamal just acting, he could judge who did it.

It's all 10 million US dollars, which is not to say that the price of all CDS contracts is just so much, but the CDS contracts traded this time are more than 10 million, and those market brokers and the tavern itself can bundle the contracts into several different grades in order to distinguish customers, so that they can directly provide the corresponding services when they see the price.

It may seem that the figure of $3.99 million is only $10,000 short of Zhou Ming's four million, but the problem is that he has brought a downward trend, which is what Zhou Ming wants.

Turning his head to look at the 'big guys' around him who were frowning, Zhou Ming knew that they were still hesitating, and Zhou Ming also knew that they couldn't hesitate for long.

Five minutes later, the bar's LED display changed again: Brooke Investments sold twenty CDS contracts worth $10 million for $3.95 million.

This news surprised everyone again, Zhou Ming glanced at Jamal side, it seemed that Jamal didn't expect his news to be sent out so quickly, so he hurriedly found a waiter and immediately revised his selling price to $3.94 million.

In the face of the number of three jumps in ten minutes, the whole Barton bar was in an uproar, you must know that this is not a real exchange, the numbers on the LED display screen are not updated in real time, but the real quotations, so although the private trading price is not uniform, but the public price of the general LED is still very unified, often there will be no change for several hours, but now it is so frequent, even if the reaction is slow to respond, it will feel wrong.

As for the 'big guys' who have special seats, if they had only been suspicious before, now they have completely confirmed their conjectures.

So they all beckoned their respective waiters, and a few minutes later, a lot of new news suddenly appeared on the LED display: the sale of a CDS contract worth 10 million for $3.93 million...... Sale of CDS contract for $3.92 million...... Sale of CDS contract for $3.9 million...... Sell CDS Contracts......

The price figure on the LED display is falling little by little, which makes everyone look stupid, because they all saw the 'big guys' who had a lot of money looking for waiters just now, so now ......

"The CDS market is collapsing!"

I don't know who suddenly shouted such a sentence, and then this sentence was like the last straw that broke the camel's back, so that the entire Barton Tavern immediately went crazy, everyone picked up their mobile phones or used the phone in the tavern, desperately called back to their own company, although their accents and words were different, but they all had only one meaning: "The CDS market is collapsing, we must sell all CDS contracts!"

And in the crazy tavern, when everyone was desperately trying to sell their CDS contracts, and the price was falling all the way, no one noticed that the sale price of Brooke Investment Company only stayed at the price of $3.95 million.