Chapter 385 Rating Agency

When people have money, they hope to become famous, and although there is a part of the idea of tax avoidance in donating money and materials, there is also help to others, and the credit cannot be erased.

Mr. Dalio of Bridgewater United recently had a project, and at this moment he asked Ye Dongqing and said: "By the way, I am going to hold a charity donation in the near future, which is larger than today, and I hope that the rich can donate some funds for research on some neurological diseases, mainly Alzheimer's disease and Parkinson's syndrome, my father died because of Alzheimer's disease, and there is still no effective treatment, I hope you can also participate." ”

This is to ask Ye Dongqing to donate money, for the purpose of charity, it is also part of the social responsibility of the rich, so it is not rude.

Ye Dongqing almost didn't hesitate, and said briskly: "Yes, but I've been a little busy lately, so I may not be able to be there in person, so I don't have time to ask someone to bring my check, OK?" I'm sorry for what happened to your father." ”

"It's okay, I like him more, but I have to admit that he was a bastard when he was alive. ”

I guess it was because of something that hurt him, and Mr. Dario, as an American, has never shied away from this kind of topic.

A little curious, but he didn't ask anything, chatted with Dario and Mr. Seth Karaman, and walked on stage together when the time came, and the old Soros still didn't show up until the host Mr. James Simmons finished his opening remarks, and he didn't see the figure of this old man who was dominating Wall Street.

It's obviously late, but people's applause is still warm, after all, it's Soros, the founder of the quantum fund has too many legends, as long as you are in the financial circle, you must know his name.

Sniping the pound, sniping the lira, sniping the peso, and the Southeast Asian financial crisis in '97, there is a figure behind him, this old man is naturally good at focusing on the national system, judging from the subtleties whether there are problems with a country's economic environment and monetary policy, and then seizing the opportunity to unite with countries to speculate.

may not make as much money as Ye Dongqing, but the influence is huge, after attacking countries in the financial market one after another in the ninety-seventh year, they have not recovered until now, and there is a kind of slump posture.

Of course, these economies had problems before, otherwise they would not have been seized.

In recent years, economists from various countries have thoroughly studied the root causes of those crises and filled in the gaps, so the old Soros has not had any dazzling achievements in the past few years, just looking for more opportunities like ordinary investors.

A speculator, like Soros, is enough to be considered the pinnacle, and he is still the first person in the hedge fund world to this day.

In fact, even if he doesn't do anything, the currencies he is eyeing will depreciate, old Soros just accelerated the process of depreciation, Ye Dongqing admired him, got up from the single sofa at this moment, and shook hands with the old man with a smile and said hello.

……

The seminar itself did not have many highlights, it was just that each of them expounded their own ideas, exchanged arguments together, and tried to learn something from other people's ideas.

The scope of the topic is relatively open, what you say, whether you listen or not is someone else's business, Mr. Seth Karaman is holding the microphone at the moment, explaining to people about the positive and negative effects of economic globalization, from this era, for the United States and American businessmen, the overall positive impact is still greater than the negative impact, the dollar with globalization to the world, even if conservative estimates, this dominant position will not be shaken in the next 30 years.

Ye Dongqing listened more carefully, it felt like he was listening to a lecture in class, he is now also engaged in transnational business, it is not difficult to understand, the evaluation is quite pertinent and objective, for fund managers, it is necessary to learn global trade and policy trends, and many business opportunities are hidden in it.

More than 20 minutes later, Mr. Soros Sr. talked about the global economic trend since the beginning of the new century, which has generally shown a strong recovery momentum, and some developing countries have also been mentioned by him, believing that they have great potential for development.

The general judgment is not wrong, the fault is that he thinks that compared with Huaxia, India and Brazil have more potential in the future, as for the reason, it is still the clichΓ©, the policy situation or something, Ye Dongqing did not refute, and when he heard the host ask, he just came to say that he was more optimistic about Huaxia.

Old Soros only thought that he had invested more in Huaxia, and he smiled happily when he heard it, without the slightest intention of bullying the juniors, in fact, he admired Ye Dongqing's courage and extraordinary vision, the top financial circle in the United States is so big, and they can always hear about some troubles.

Finally, it was Ye Dongqing's turn to speak, he didn't plan to be a green leaf today, and when he picked up the microphone, a line of headlines appeared on the screen behind him - "Are Credit Rating Agencies Really Worthy of People's Full Trust?".

As soon as these lines came out, some people immediately began to exchange ears, and even Mr. Dario of the Bridgewater United Fund was a little surprised.

Credit rating agencies, as extremely important service intermediaries in the financial market, are composed of specialized economic, legal, and financial experts to grade securities issuers and securities credit rating organizations, and have been deeply rooted in the hearts of the people for so many years.

People can't figure out what went wrong, looking at the meaning of this title, Ye Dongqing obviously wants to find fault, this is not a trivial matter, it can cause a small earthquake in the financial market if you are not careful, especially on Wall Street, rating is one of the cornerstones of the trading credit system.

I only heard Ye Dongqing say: "I admit that those credit rating and valuation agencies can be of great help to us, but who has ever thought about what kind of damage will be caused to our economic system if the credit rating agencies are no longer fair and objective?

As far as I know, 85 percent of S&P's newly listed CDOs have received AAA credit ratings in the last two years, and Fitch has more than 65 percent of intermediate-rated CDOs (Secured Debt Debt Obligations) The product has received a AAA credit rating, but the actual performance of subprime mortgaged bonds in the financial market is not consistent with the overall credit rating they have announced, so to speak, the opposite is true, the market default rate of subprime mortgaged bonds was as high as 8.6% in the fourth quarter of last year, and it has risen again this year, and they seem to be acquiescing to overrating, I think the reputation mechanism is failing, and these rating agencies are now more concerned about charging issuers, creating a policy monopoly, rather than continuing to be as objective as before......

。 m.