Chapter 1246: Icebreaker Operation: Cultivating Disciples
The rescue plan proposed by the US Government was passed by the House of Representatives yesterday, on the afternoon of 3 October, and signed by President Xiaofei Shoes for formal implementation. But what is surprising is that Wall Street, the biggest beneficiary of the government's bailout, suddenly changed its face after the plan was passed, and the three major indexes fell together.
The boots of the bailout package gave Wall Street a breather, but worries about the economic outlook sent stock indices down.
Andy knows that this is Wall Street's concern that the government's bailout plan is not enough to drag the U.S. economy out of recession, because the economic data is becoming less and less optimistic.
Investing $700 billion in the market can only save the skin, but cannot solve the fundamental problem. $700 billion can only deal with the bad debts on the books so far, but it can do nothing about the new bad debts that continue to be generated as the real estate bubble continues to burst.
Either way, Wall Street finally ended its "worst week", with only one day rising in five trading days and falling 777 points in the worst day.
Just like Andy said when facing the media pretending to be 13 before, the economic crisis in the United States, the British people can't see the joke, and they will be unlucky, including Europe.
During the week, the financial crisis spread rapidly to Europe, which also led to deeper global financial panic. Moreover, Europe does not have a unified fiscal and integrated central bank that can quickly intervene in the market, like the United States. As a result, European banks are more vulnerable to insolvencies and failures due to lack of capital.
In the study, Andy is sitting in front of the computer, having a video conference with his subordinates in the UK, listening to the work report of the past week, and more importantly, determining the next stage of 'targeting'.
For the 'robbery' of the European financial market, Andy has no psychological burden at all, and he is eager to directly hollow out the wealth of Europe.
"Iceland!"
After listening to the debriefing, Andy did not hesitate to target Iceland, the protagonist of the national bankruptcy news that he was most familiar with in his previous life.
No matter how small a country is, it is also a country based on the financial industry, and what can amass wealth faster than robbing a country?
"Iceland is a small Nordic country with a population of about 320,000 people and an economy of about $19 billion. In the mid-90s, Iceland's stock market boomed and spurred the country's banking sector. The total assets of the banking sector in Iceland are nine times the total of the country's economy. A data analyst gave a quick introduction to Iceland after Andy's voice fell.
"The rapid expansion of the banking sector in Iceland relative to other sectors of the economy has laid the groundwork for the current crisis, which has severely affected Iceland's banking institutions and suffered from a shortage of funds. According to reports, Icelandic residents have recently discovered that they are no longer able to withdraw or transfer funds from some of the country's banking institutions, which has caused quite a bit of panic in the country.
GDP in 2007 was only $19.37 billion, while its major banks had assets of $128 billion, owed more than 100 billion euros in foreign debt, and had only 4 billion euros of liquid foreign assets at the disposal of the Central Bank of Iceland.
The data shows that Iceland's three major banking institutions are already in serious trouble, and it is only a matter of time before they are taken over by the government, and the Icelandic krona has already begun to fall sharply against the euro. ”
"How much money do we have at our disposal?" asked Andy, touching his chin and narrowing his eyes slightly.
"In addition to £2 billion of that being shorted by UK banks and some businesses, the previous gains from the gold and foreign exchange markets have left us very well funded, with another £3.2 billion ready to be called. ”
The corners of Andy's mouth are upturned, the arc is very large, and the smile becomes very bright, sure enough, he is a fan of money, only hearing the increase in banknotes is the happiest thing for him, although he has already seen the capital data from the briefing, but listening to his subordinates' reports, it will still make him laugh uncontrollably.
"Concentrate on shorting the Icelandic krona, I believe that there are many forces now eyeing Iceland, hedging the Icelandic krona exchange rate is the most direct and simple way, you can quickly plunder the wealth. Andy said with an indifferent expression, as for the crazy depreciation of the banknotes in the hands of the Icelandic people and the soaring prices, it is no longer in his consideration.
"If the exchange rate plummets, the Icelandic government will definitely announce that the Icelandic krona will be fixed against the euro... ”
Andy smiled and shook his head to directly interrupt his subordinates' worries, and said directly: "The general trend! How much money can they take out to support the market? They have no room to resist at all, and in the foreign exchange market, their Icelandic krona will usher in a ruthless sell-off."
Even if other countries come to the rescue, but the scale of hundreds of millions, billions is just adding firewood, and if they don't bail out the market, what will we earn? They will eventually announce that they will give up supporting the Icelandic krona exchange rate, because they do not have the ability to support this exchange rate. ”
Andy looked at the people sitting in the conference room in the video window and said, "Iceland is more of a private investment fund than a government. Now they are the most vulnerable countries, and all we have to do is rush in and take everything!"
"Understood, boss!" everyone replied with solemn faces.
"This time it will be a three-place linkage, so everyone, let's divide the ranks!
I've never been a stingy person, and this time in the 'Icebreaker Campaign', the team with the highest earnings ratio will receive 5% of their earnings as a bonus!
I give you the opportunity to become a rich man, whether you can grasp it or not depends on you!"
"Ahh
"Oh God, boss, I love you!"
。。。。。。
As soon as Andy's incentive plan came out, everyone in the entire conference room had green eyes and began to shout excitedly, Andy shook his head with a smile and turned off the video, and then picked up the phone to inform Bad Stone, Alvitre and the team in the footbasin, the same excitement, the same shouting that the first belongs to them.
The corners of Andy's mouth are upturned, he has been cultivated by himself to be full of wolf xing, and this group of greedy people will bring him a good harvest.
The reason why they want to use heavy profits this time is mainly because the foreign exchange market is a 24-hour non-stop market, and the most obvious point that distinguishes it from other trading markets is the continuity of time and the non-binding nature of space!
There is no need to make heavy profits, how can they work hard without wasting a second and making money for themselves?
In the same way, heavy profit is also the most effective way to retain talents and cultivate disciples of their own enterprises, look at MG Chase, MG Stanley, Goldman Sachs...
No matter where they go, they will never forget their origins, and at the same time use this as their superior capital, they also give back to these companies at all times.
Such as the current Treasury Secretary Paulson, Federal Reserve Chairman Ben Bernanke, the next Treasury Secretary Geithner...