Chapter 278: Honor and Disgrace Are Not Shocked
Time is stretched infinitely.
Short and long.
For many, a few minutes for London oil prices to go from $34 to $30 is as long as a few days for $30 to $34.
Traders on both sides shouted out the latest data like artillery rangefinders.
"London $30.20. ”
"London fell 10 cents. ”
"New York $30.50. ”
"$30.30 in Tokyo. ”
"London, $29.6. London falls below $30!"
The traders in the hall paused for a very short time, almost imperceptible, and it was a wonderful feeling, as if witnessing the end of a battle.
Hearing the price of $29.6, Zhu Enbo sat back in his chair in a dejected manner, and his whole body was paralyzed. The high spirits of the past few days are all gone.
"Zhu, the bank asks for a margin call, is it an additional one?" the deputy dutifully shouted in Zhu Enbo's ear. No, no, the villa is already noisy like the front line.
The market is the most cruel environment, it doesn't care about your ideals, you don't care about your vision, you don't care about your future...... Tragedy and sacrifice do not get any sympathy, and can only lick the wounds alone.
Zhu Enbo was so confident that "I was right" that when the crash came, he was the first to fall.
This is not a trick. This is $25 million in state reserve funds, which is the money of the state. In RMB, it is worth more than 200 million yuan and can buy a state-owned enterprise with thousands of people. Just two days. It is impossible to say that the loss of a family is equivalent to a large enterprise!
"Zhu Chu!" the deputy shouted almost close to Zhu Enbo's ear: "If you don't add margin, you will be liquidated." ”
Zhu Enbo's small eyes twitched, and he said with a long exhalation: "Add it." ”
He doesn't have much of a choice, he has made a margin call, and there is still a chance to turn it over, if the price of oil rises again. He's still on a plate of $200 million. If there is no margin call, it means that Chapter 278 will not be shocked by the appearance of real losses, a loss of 5 million or a loss of 25 million. What's the difference. His monthly salary is less than 1,000 yuan, and his grandparents and grandchildren can't pay it off.
The deputy asked him to sign the document, and then stumbled to Director Huang to sign it.
Director Huang also stood on the spot. Looking at the National Reserve Center and Dahua, the traders ran frantically like guinea pigs on drugs......
Then, in his mind, he recalled what he had said to the four young men not long ago: "The futures market is changing, and only a few people can seize the opportunity." When I was younger, I couldn't have imagined such a good thing!"
It's a change, but it's not a good thing!
Director Huang signed the document as if he was resigned, as if he had signed his own critical illness notice.
The national reserve still has millions of dollars in cash on its account, and the originally abundant funds have become stretched thin at this time, and I don't know how long it can last.
Yue Zhengyu and the other four young people were still excited, and they didn't even understand what was going on - how two minutes ago. Everyone is still talking and laughing. Two minutes later, it's like a hurricane has passed!
Look at the materials and drawings all over the floor, and see how these guys are yelling!
It's like a zoo!
A trader from the State Reserve, like a child, asked the foursome if they would increase their margin. With his explanation. The faces of the four turned from red to white, from white to red, and then from red to blue and then to black......
Eventually, the tall young man roared, ignoring the presence of all the high-ranking officials, and punched the trader with a lot of old punches.
Trader's nosebleeds prolonged. I have to go on to explain: if you don't increase the margin, there will be nothing. 500,000 are gone. Increasing the margin cannot guarantee that 500,000 will still be there, so you can only hang your life, but if it continues to fall, you will have to lose all the $500,000 with additional margin.
Ten times the leverage, there is ten times the profit, and there is also ten times the loss.
The so-called difficult decision, this is it!
The hall was full of wolves, like a defeated and transferred headquarters.
The people around the important ministers of the Soviet Union who held the moon disappeared, the people who talked funny disappeared, and the people who looked at their faces also disappeared, and the youngest of them all had more than 20 years of political experience, and they had experienced countless big and small things in their lives. They have also experienced this kind of situation where subordinates are unable to take care of their leaders. Wars, major disasters, special cases, political movements...... But there are very few things that happen so quickly, so violently.
Everyone couldn't help but turn their eyes to Sioux City.
I saw Su Cheng sitting firmly on the Diaoyutai, his posture and movements were no different from when the price of oil fell, as if he had expected it a long time ago, and he completed the work at hand without hurry, and then wrote a note and ordered someone to hand it over to Su Zhenguo.
The scene was so noisy that it couldn't be quiet. Handing out slips is the most suitable way.
Su Zhenguo was a little old-fashioned and asked the secretary to read the note.
The latter pinched the note and said to the crowd in as loud a voice as possible: "According to the Associated Press, US President George W. Bush approved the use of the US Strategic Petroleum Reserve. 600 million tons of reserves, 1.12 million barrels per day on the market, the first batch of 5 million barrels. ”
That's the bad news Sioux City was waiting for.
The large influx of oil, coupled with the increase in production by Saudi Arabia and the United Arab Emirates, means that the supply of oil exceeds the output of oil, and it is a clear expression of the attitude of Western countries such as the United States.
An oil price of $20 is the best line for Western economies, too high will cause inflation, too low will be harmful to technological progress and hurt the interests of oil companies. $30 is a warning line, and beyond it, there will be problems in the economy.
$35 is a high-voltage line, which means the arrival of the third oil crisis.
After two oil crises, the United States and other Western countries can no longer afford a third oil crisis. From a grand strategic point of view, the United States would rather allow Iraq to occupy Kuwait than cause a new round of oil price increases. At the same time, the Soviet Union became increasingly dependent on oil foreign exchange to sustain its fragile domestic economy.
Either way, the first thing the United States needs is low oil prices. The second is fairness and justice and bribery from the Kuwaiti royal family.
It was precisely because of these two points that Saddam Hussein brazenly launched an invasion of Kuwait and announced that it would be changed to "Kuwait Province."
Judging from the attitude of an afterthought, Lao Sa simply lost his mind and went crazy to do this, and he was beaten in vain.
But beforehand, Saddam's strategy was endorsed by many people. Since the 70s, wars in the Middle East have affected the price of oil every time. The oil crisis has made Western countries even more miserable, and the destruction of the country in small Kuwait will also destroy the country. Is it true that the United States is "selfless and single-minded"?
For the sake of Kuwait, did it not hesitate to cause the third oil crisis? It's just a **** lit. Where can the current Middle East oil tank go safely.
Who would have guessed that the United States had the patience to lay out the layout in five months, from August 1990 to January 1991.
The most rare thing is that the five-month layout really allowed them to eliminate the pressure on oil supply and demand brought about by the war.
It is estimated that no one except Bush and Gorbachev could have predicted this.
In terms of consequentialism, these two people are mostly related by marriage! The heroes who really "have no self-interest and are dedicated to others" are hidden behind the scenes. Let's say the Soviet Union. Later generations have only seen how powerful the United States is, and have almost forgotten the dedication of the Soviet Union. Iraq was an important ally in the Middle East that the previous leaders of the Soviet Union had painstakingly inserted. Gorbachev sold it without saying a word.
Of course, even East Germany could give up, and what did Iraq get.
In general, due to the end of the Cold War. It was chaotic throughout the late 80s and early 90s. Politicians and entrepreneurs from all over the world are adapting to the transition from a bipolar world to a unipolar one.
The Gulf War has exacerbated the chaos.
During this time, different people can make different wrong judgments, and those who can make correct judgments either predict the outcome or have bad luck.
Compared with. The former certainly does not have the former's insurance.
During the rise in oil prices, Sioux City was very worried about memory errors or some kind of messy butterfly effect.
For every million barrels of oil purchased, Sioux City's heart beats a little faster before oil prices really drop.
More than 30 million dollars of goods are still bought at a loss. Even if you know that oil prices will fall, you are facing a situation where oil prices are rising. The state of losing hundreds of thousands or even millions of dollars every hour lasted for two whole days.
The only thing Sioux City can do is to focus and focus.
The note was passed in the order of Su Dongyuan, Cao Jiyuan, Duan Yuanguang and others, among the important ministers of the Soviet Union.
After a while, Cao Jiyuan completely digested the news, patted his brain case with a sigh, and said, "I can't guess." Didn't you say that on the 11th, the international energy agency also put in more than 2 million barrels of oil? It was okay at that time, why did the United States put more than 1 million barrels into the accident?"
He was talking about the discussion between Sioux City and Professor Day. At that time, Sioux City raised the negative effect of the U.S. Strategic Petroleum Reserve (SPR) on the market, and Professor Dai refuted it with the International Energy Agency's "release".
Indeed, the news on the 11th was not at all shocking, and the market did not even show a change of 1 dollar. At that time, it was taken for granted that in 1990, the world consumed 37.5 million barrels of crude oil per day, of which the United States had to consume 17.65 million barrels, and put 2.5 million barrels in stock.
It's just today's news that has attracted the effect of landslides and ground cracks.
Duan Yuanguang is a person on the financial line, looked at Su Cheng from a distance, and said: "Today's matter, let us think deeply about the analysis of information, it seems to be similar information, but it has produced different effects......
Several people nodded in unison.
After today's events, they have also developed a certain degree of association with the various aspects of the Gulf War.
What is said is always not useful for doing.
The experts and professors of the Center for Policy Studies have clear arguments and clear arguments, and they cannot produce such a shock in front of them.
One decision, hundreds of millions of dollars out of place. In a flash, the value created by tens of millions of people disappeared in the wind......
There is no clearer argument, a clearer argument, than such a reality.
Su Zhenguo suddenly laughed, and said thoughtlessly: "Okay, seeing this, you know everything you should know, what do you think?"
Duan Yuanguang said without hesitation: "Honor and disgrace are not shocked, and it can be a big thing." ”
"$1 billion is already a big deal. Cao Jiyuan smiled, looked at Su Dongyuan interestingly, and said, "I don't object." ”
"That's fine. Su Zhenguo stood up and laughed: "It's time to go back to sleep." ”
…… (To be continued......) !!!