The U.S. subprime mortgage crisis in 2008 was a lucho opportunity that he would never miss.

Using this bargaining chip, he won a lot of appreciation and conquered the Qiu family, but that was far from enough, knowing that there was such a super pie there for others to cut, then turning a blind eye became the biggest crime!

For Lu Qiu, his next upcoming acquisition is to require tens of billions of dollars to support, although Li Song and Liang Daming control the crude oil investment funds have reached or even exceeded this amount, but the final madness of crude oil has not yet come, those funds still have to be invested in crude oil, to earn the last crazy profits, and because it is to do long, some funds have to be locked in oil tanks, cruise ships these fixed assets, so the mobilization of this capital for acquisition is suspected of killing chickens and eggs.

Crude oil funds can't be moved, and the huge cash flow of various investments is locked up, and the other part is indeed not enough to support Luqiu's huge acquisition plan, so for Luqiu, he must eat the largest piece of the big cake of the subprime mortgage crisis to solve the problem of acquisition funds.

As for taking advantage of the subprime mortgage crisis to make money, for Lu Qiu, a professional, even if he is not reborn, as long as he can predict it in advance, he can easily accumulate from it, and the tool used is the short-selling CDS that became well-known to the public!

CDS is a credit default exchange, which simply means that Party A pays Party B to purchase CDS in exchange for Party B's commitment to pay compensation when it occurs at a certain time.

In the subprime mortgage crisis in the United States, there was a group of genius fund managers who shorted CDS, and finally the subprime mortgage crisis broke out, and they obtained amazing returns, which is described in detail by the famous movie Big Short in another time and space, so I won't go into details.

In short, since 2006, Lu Qiu has instructed Harrison and Lu Qiu to start shorting CDS, and the scale has gradually risen from tens of millions of dollars to the scale of more than 4 billion US dollars in mid-07.

For Lu Qiu's request to short CDS, and so careful and large-scale, Harrison and Lu Qiu are slightly slight, because the real estate market in the United States continues to prosper, and industry insiders are rarely bearish, and shorting CDS seems to pay a low price, and the rate of return is extremely high, but in the eyes of the two, it is purely to give money to others, and at this stage, they have paid a very expensive price.

In addition to the $4 billion principal being locked, the $4 billion CDS short contract can be purchased with $48 billion of BBB-rated CDS products according to the leverage ratio, and in addition to the 4 billion principal being locked, it also has to pay a premium of 1% of the leverage amount to the bank every year, that is, $480 million, so Pangu has invested a total of nearly $5 billion in principal.

Of course, this is only an approximate calculation, in fact, the change of premium is also changing with the appreciation of CDS products, that is, the final premium may be more.

In Harrison and Lu Qiu's view, Lu Qiu is really a little carried away this time, the five major investment banks have huge CDS business, if there is a risk in this, don't they realize it?

Moreover, there are very few people who short CDS in the market, except for them, there are a few unknown small funds, which feel like a grasshopper shaking a tree, and Harrison and Lu Qiu both feel that the final result of this investment is a loss!

However, despite such a judgment, they still didn't dare to discount Lu Qiu's decision in the slightest, and meticulously implemented it according to his instructions, this is the absolute authority established by Lu Qiu in Pangu, whether it is Harrison or his sister Lu Qiu, even if they think he is very wrong, they don't have the courage to question it.

Of course, this is also because they have made calculations, even if this investment is lost, the impact on Pangu will be minimal, but they hope to be able to remind Lu Qiu that he will not be too inflated and stubborn!

So when Lu Qiu took Gail and Aragaki to return to Los Angeles after ending the shooting at 21 o'clock, Harrison and Lu Qiu immediately found him to report the situation of shorting CDS.

"Boss, our loss has reached 20%, that is, close to 800 million US dollars, if there is a problem with the cash flow to pay the premium, the bank will force the liquidation, and the loss will be certain!"

Harrison did not say alarmist, 4 billion principal and 800 million premiums, not only seriously affected Pangu's normal investment, but also made the outer edge of the loss continue to expand outward.

Lu Qiu said: "Brother, why don't you cut the meat and close the position, I think if you continue, you will only lose more." ”

Lu Qiu and Harrison both looked at Lu Qiu, although they knew that the possibility of Lu Qiu agreeing was extremely low, but the two still had a small expectation.

Lu Qiu smiled and said: "Is there a problem with our cash flow? If there is a problem, let Li Song and Johnson transfer hundreds of millions, this is all trivial." ”

Harrison and Lu Qiu were speechless.

Lu Qiu said: "Brother, are you so confident that you will make money shorting CDS!"

Lu Qiu smiled meaningfully: "I am 100% confident, you are still high for a long time, some of you are out of the masses, I don't believe you go down and take a look casually, see what the condition of those properties is, and naturally understand." ”

Harrison was confused, what was out of the crowd, high up, he couldn't understand it at all.

Lu Qiu exhaled angrily: "Brother Lust will be tricky, it's all your money anyway, you love to lose money, you don't bother to pay attention to you, by the way, brother, you take care of your Gail, after filming the movie, she is often tired of my Bal, it's like that, my Balr knows the marrow, and it's about to be snatched away, you know!"

Lu Qiu laughed and said, "Really, my Gail baby really got my true biography, and he is a good hand at picking up girls!"

Harrison shook his head when he heard this, the values of the boss are simply distorted and terrifying, even if he is a woman, it should be considered cheating!

Lu Qiu said: "Brother Lust, aren't you jealous? Your woman is like someone else, I don't know what you think!"

Lu Qiu didn't bother to explain, he couldn't tell Xiaoqiu that Bal was also his woman in another time and space, so he really didn't need to think about how serious it was to play with his own woman!

"Okay Xiaoqiu, it's useless for you to sue me, I think it's imperative to improve your personal charm, such as skills, sex... In terms of that character, anyway, you know, I won't say more, Erha, let's talk about the acquisition of Sony Pictures, has there been any progress?"

Harrison said: "There hasn't been much progress, and Sony is still looking forward to a few movies this year." ”

This was expected by Lu Qiu, and he sneered: "If you don't see the coffin, you won't cry, when the Poseidon is released in the future, they will know how completely their hopes have been shattered!"

Poseidon, the original time and space's huge loss film in 2006, was sent into Sony's mouth because of the operation of Luqiu, although it was postponed for a year and launched this year, but the ending was almost a certainty of being miserable!

There is also Nicolas Cage's sci-fi movie to foresee the future, 07 is Cage's prolific year, National Treasure 2, Ghost Face Rider box office will not be bad, only the sci-fi masterpiece with an investment of hundreds of millions of dollars foresees the future and loses all of its bottoms, and the box office in the United States is only 18 million, which is pitiful!

With Poseidon and Foreseeing the Future, the two box office rotten eggs, Sony's expectations for 2007 can be imagined.

Lu Qiu thought for a while and said: "There is no need to contact Sony for the time being, when what should happen, Nobuyuki Idei will naturally understand what to do, Harrison, you turn your attention to other aspects, I plan to buy Marvel and Lucas Studios!"

Lu Qiu threw a bombshell, which blew up Harrison and Lu Qiu for a moment.

Lu Qiu touched Lu Qiu's head, "Brother, you don't have a fever, how can you talk nonsense, and you want to buy Sony, Marvel, and Lucas Studios, brother, are you going to invest all your money in the entertainment industry!"

Lu Qiu smiled: "It's not so outrageous, it's only a few dollars." ”

Harrison wanted to cry, "Boss, the valuation of Marvel and Lucas Studios is at least about four billion dollars, it depends on whether there are competitors, even if there are none, we have to pay eight billion dollars in cash, if you add the purchase of Sony Pictures, a rough calculation will have to be nearly 30 billion in cash to do it, so unless you let the crude oil department cash out, don't even think about it!"

Lu Qiu said: "It's only 30 billion US dollars, is Sony Pictures so cheap? Haha, don't worry, I'm not going to buy it right away, you talk to them first, maybe in a few days our CDS will make a lot of money, isn't money a problem." ”

Harrison and Lu Qiu were speechless, co-authored the boss really decided that shorting CDS would make a lot of money, okay, then let the facts speak.

"I know the boss, I'll contact Marvel and Lucas Studios. Erha plans to make a desperate effort to negotiate these two acquisitions as soon as possible, and see how the boss responds when the time comes.

Lu Qiu was holding on to the matter of Gail and Barr, and he had to ask Lu Qiu to help him solve it, "Brother, you have to take care of Bal's affairs, you can't let other people's Buya be snatched away by you, and now other people's Barr is going to be snatched away by your woman, this is too bullying! If you don't care, I won't leave because of you." ”

Lu Qiu looked at him left and right, "Well, Xiaoqiu, you really have to stay and help me, Apple is about to release their iPhone generation, I heard that Jobs came up with a killer idea, but I have been waiting for this day to give him a head-on blow, so you hurry up and help me prepare for the press conference here in the United States, I want all kinds of media online and offline to broadcast live, for an enemy like Apple, I can't sleep well if I don't strangle it in the cradle." ”

Lu Qiu rolled his eyes, "You have so many sisters-in-law to accompany you, it's ridiculous, it's very sexually blissful, right, how can you not sleep well!"

Lu Qiu smiled and didn't pick up.

Lu Qiu threatened: "I'll arrange the press conference for you, but if you don't help me solve the problem, be careful that I also pry the corners of my sisters-in-law, and don't be angry when the time comes!"

Lu Qiu was caught by this sister in the soft underbelly, so he had to say: "Okay, okay, I'll talk to Gail, you hurry up and prepare for the press conference, Erha hurry up to talk about the acquisition, hurry up, let's move!"

The three of them went according to the division of labor.