The U.S. stock market is getting more and more weird, rising and falling, and there is no law to follow, and a rumor on Wall Street may even bring turmoil to the stock market. Pen % fun % Pavilion www.biquge.info

Bad Stone knows very well that this is the formation of general anxiety in the market, everyone feels that something is wrong, but they all find out what is wrong, so this kind of worry and anxiety, or suspicion is more appropriate.

"Boss, our large number of acquisitions of cheap CDS on the market have attracted the attention of some people, some people even ran to the company to inquire about the news, although some people have doubts, but at present ABX (real estate subprime mortgage index, the so-called shorting, that is, the index needs to fall sharply) is still stable, Standard & Poor's has not downgraded the CDO rating, and now the price of CDS is also very cheap, but there are some concerns in the market. ”

After Bad Stone finished the update, Andy looked at the detailed data on the table, the CDO and the CDS. The relationship between the two products is that the higher the risk of the CDO, the higher the value of the CDS guaranteed for it. But during the real estate boom, the price of CDS was very low because most people didn't think there was anything risky about CDOs.

And what Andy is doing now is shorting dangerous CDOs while buying cheap CDS.

Andy closed the file, the corners of his mouth turned up, with a hint of a smile, as if sarcastic and happy, "The whole world is a false carnival, and a few outsiders and geniuses may have a discerning eye." Investors are greedy, bankers are greedy, and once you sit on Wall Street, greed becomes what it should be, almost an obligation.

No, it's a strange circle, and the closer you get to the market, the harder it is to spot its stupidity!

What we're doing now is gambling on bond trading, and that line between gambling and investing is artificial and very thin. The most prudent investments also have a certain gambling nature, and the most daring speculations also have obvious investment characteristics. Perhaps the best definition of "investing" is "gambling with odds in your favour".

"Hehe, boss, the scale of our investment this time is not smaller than some Wall Street investment banks, even the shares of Facebook have been mortgaged and loaned 200 million US dollars, we now hold 700 million US dollars of CDS, 200 million US dollars of short CDO, 150 million margin deposited in JPMorgan Chase, with the interest generated to make up for the loss, once the real estate collapses, boss, you will create a new wealth myth!" Alvitre admired Andy's courage from the bottom of his heart, and this was a big gamble that cost almost all of his net worth.

Al's words made everyone in the conference room turn their hot eyes to Andy, after all, everyone here has been busy with the real estate market for a while, and they are sure that the real estate market crash, and it is only a matter of time before their boss creates a wealth myth.

"Hehe, this is inseparable from your work during this time, I am not a stingy person, you will get a good bonus and ample vacation time for your hard work during this time. Andy is very clear about the thoughts of his subordinates, and he is indeed not a stingy person, not for the purpose of generous bonuses on Wall Street, and the specification of the annual salary is not very high in order to avoid the attention of the government.

The rigorous and reserved Wall Street Jingying did not cheer or whistle chaotically, but just clapped vigorously with joy on their faces.

"Hehe, why do you give me the feeling, it seems that the victory is in hand, if you want everything to go well, you still need to work hard, I hope everyone can cheer up, in the coming period of time, even a few years, we will witness miracles and world economic changes, I hope you do not fall behind, because this is my opportunity, but also your opportunity to realize your self-worth!" Andy wastes no time in drawing a better future for everyone, people are profit-oriented, and on Wall Street, it is undoubtedly the most suitable to use interests to drive them.

Waiting for the happy crowd to leave, only Bad Stone and Alvitatre were left in the conference room, as well as Li Xiaoying, who was specially called by Andy.

"Al, when does your think tank expect the first domino to fall?" asked Andy, turning the pen in his hand and looking at Al in a more casual manner.

"Ideally, the three major rating agencies would downgrade MBS (mortgage-backed securities), but unfortunately, this situation is very rare, triple A!" Al shook his head with a mocking smile on his face.

"Can't the three major rating agencies really see the risk of real estate bubbles?" Andy frowned slightly, he really couldn't understand that the three major rating agencies, which are very famous and very awesome all over the world, will not be able to understand market changes, but there is Standard & Poor's in it, and even ordinary people in the rabbit country have heard of the name of this professional company.

"In fact, the three major rating agencies are also blinded, and the ratings they give are completely based on the materials that traders want to show them and their own common sense to make assessments. Badstone smiled and explained to Andy.

"How?" said Andy, curious.

"The bond traders at Wall Street investment banks are people who make 7-figure annual incomes, and they coax the 5-figure earners (employees of rating companies) more than enough. In fact, the best employees at the rating companies have moved on to investment banks to help their new owners deal with their old ones. Seeing that the boss didn't seem to believe this reason, Bardstone gave the boss a simple example of coaxing.

To put it simply, half of the borrowers who can get a high score and the other half of the borrowers with a low score are purposefully put into an MBS, and the score of the score only needs to pass the triple A standard line, and the possibility of the borrowers with low scores is very, very high.

"One of the most important reasons is that they have not seen a nationwide decline in housing prices since the Great Depression. They feel that the borrower will not repay the loan, and then they will have to take over the house, and they will give a AAA rating to MBS so reassuringly. ”

Andy's brows furrowed, this reason is very reliable, "Since we can't count on the rating agency, where will the first domino start to fall?"

"After our think tank has analyzed all the information that can be publicly gathered, the second quarter will usher in a peak period of loan repayment, and a large-scale supply disruption will occur, that is, in April, from the bankruptcy of a loan company, the domino effect will begin to detonate the real estate bubble in the United States, and then our CDS can start to make profits, as for the short selling of CDO, we still need to face the dying struggle of our opponents, but it will not take long... ”

Alvitatre spread his arms outstretched, casually placed them on the conference table, and confidently and calmly gave the answers that the boss needed, which is also the value of the existence of their think tank, otherwise, why would the boss spend money to support them.

Andy smiled with satisfaction, his tall and strong body leaned back in the boss's chair, he really couldn't wait for April to come.

"By the way, Al, there's one more thing you need to assign some people to work with Emily, and Emily will soon need to be in charge of contacting the Graham family to complete the acquisition of Newsweek. ”

"Oh my God, this is incredible, boss, you want to buy Newsweek?" said Al, surprised.

Badstone and Li Xiaoying also looked at Andy with a look of surprise, after all, the influence of "Newsweek" is too great, and it is by no means comparable to the previous regional weekly magazine "The Observer".

"That's right, it's pretty much already certain that I'm going to own this weekly, and the purchase price is going to be a dollar... ”

。。。。。。

Andy had a smug smile on his face, his steps became light, and when he remembered the stunned stupid looks of the three people in the conference room just now, he couldn't help but feel a sense of darkness, and with his faint pretending expression, the three of them directly bowed.