Hollywood has become the domain of Wall Street, under the supervision of Wall Street, major film companies are gradually corrupted by the core idea of profit first, resulting in the continuous decline in the quality of film works themselves, and at the same time the importance of artistic works is also declining, which in turn leads to a large number of talented filmmakers being ignored, forming a vicious circle, making the film market a cornucopia, but losing its vitality. Pen, fun, and www.biquge.info

Therefore, independent film companies such as DreamWorks, New Line, MGM and Lionsgate have been trying to maintain their own characteristics, not that they do not pay attention to profits, but to create masterpieces according to their own ideas, and drive the market back to new vitality.

However, the lack of Wall Street capital injections also makes independent film companies have to bear the risk on their own, with low fault tolerance and high failure rate. On the one hand, they need a lot of money to back it up; On the one hand, they need to resist the influx of Wall Street money. This is a contradiction.

If you just rely on movies to generate revenue, the original accumulation rate is too slow, and the failure rate is too high; If you want to complete the accumulation by betting on the market, it is not difficult for a reborn person like Lance, but it is too eye-catching, and it is easy to have unnecessary chain negative effects.

Now, Lance's idea is to abide by the rules of the game on Wall Street, fight back against Wall Street in the Wall Street way, and take advantage of the rebirth to the extreme. For those ordinary people, the rules of the game are the framework that binds them; But for those elites at the top, the rules of the game are their means to an end.

"So, you're asking us to be short." Theo's one sentence sums up all of Lance's thoughts.

The so-called bears are actually not difficult to explain. Because they don't have any CDOs in their hands, but they buy insurance against the collapse of CDOs. To put it simply, when a person buys a house and buys insurance, then if the house is damaged, the party can claim compensation and the loss is compensated; But now Lance didn't buy a house, he just bought insurance for a house, and he bought a hundred or a thousand copies, which is tantamount to betting that the house will be damaged, or even collapse, and once the house is broken, Lance can win the profit.

It's called short.

Lance nodded, in the affirmative, "Yes, that's what it means. "White wolf with empty gloves.

However, Theo and Ian fell into deep thought again, Ian's brows furrowed slightly, and he leaned forward to look at Lance, "Do you know what it means to be bearish?" Lance is not good at these things, and the three brothers know it, and Ian also wonders why Lance has such an idea, and it is such a professional, so bold, and so risky idea, "If the real estate does not collapse, we must continue to put money into it, which is very likely to lock up the liquidity of the entire company, and may even mortgage the company to the bank for loans." ”

After the short position, if the house is not damaged, then the insurance must continue to pay, and the more you buy, the more you invest. In other words, if real estate continues to hold on, then Chaos Pictures will be directly trapped or even bankrupt because of Lance's decision.

In its current form, the real estate situation is so good that no one believes that real estate will collapse at all.

Lance was a little speechless, after all, this is not his profession, he has no way to run his head flexibly, most of the information is copied from the "big short", if it weren't for the three people in front of him, Lance wouldn't dare to say this proposal at all. But what about now? How should we explain it now?

You can't just say, "Hey, I'm born again, so I know what's going on, but I can't explain it clearly." ”

Ian looked at Lance, the doubt in his eyes not only did not dissipate, but became thicker and thicker, "Lance, did you hear any insider news that the floating interest rate is about to be raised?" ”

The so-called floating interest rate increase is actually a means of regulation and control by banks. Because the number of defaulters began to increase, in order to control the number of follow-up loans, the floating interest rate was raised, which means that the interest that needs to be paid in the first two years has risen; At the same time, those who have taken out loans to buy houses several years ago now need to submit interest rates that have also risen, leading to more and more defaults, and CDOs with bad credit are about to lose money. This is the precursor to the real estate crash.

Historically, Michael Bray was the only one who predicted this from the data, accurately predicting that the floating rate would rise in the second quarter of 2007 and began to go short. But no one but him found this, or rather, no one believed it.

Faced with Ian's question, Lance pondered for a moment, and then shook his head, because there was no inside information at all, Ian knew after a little inquiry, "Remember how long I spent in Austin in the second half of last year?" Lance decided to put it another way, "At that time, something strange happened to the house I rented for a short time, the bank actually sent a loan reminder, but I paid the rent on time every month, and the landlord couldn't have no funds to pay the loan, so I called the landlord to ask him, and he didn't answer my call." Since I was only renting for a short time, I didn't care. But then I discovered that this was not an isolated incident, but a general incident, and that there were at least six households on that entire street. ”

"Later, in order to shoot the scenes of prostitutes/girls, we invited local strippers/dresses/dancers/girls to come to the crew for classes. After chatting, I learned that each of them owned multiple properties, and the most was actually ten houses. With Lance's words, the surprise on Ian's face became more and more obvious, and it was almost impossible to hide.

"What does that mean?" Gawain couldn't help but interject and ask.

Theo muttered, "The purchases of people with bad credit are so severe that they have exceeded the load benchmark. ”

"But even so, it doesn't prove that real estate is about to collapse." After Ian reacted, his thoughts became more and more turbulent, and questions popped up one after another, "It is impossible for the credit evaluation of the rating agency to be fake, and the government supervision will definitely not let it go, and the most important thing is that if there is a large number of housing loan defaults now, then the CDO is bound to fluctuate, but now the CDO prices of major investment banks are still high, and even rising." Also, even if the entrustment chain is too long, it is impossible for the bank not to conduct an audit, and it is bound to be recounted every month...... "Ian gushed out, and it can be clearly felt that the entire real estate industry is a huge industrial chain, and the regulatory system is layer after layer, which also gives people enough reason to believe: there will be no problems, and if there is a problem, someone will definitely warn in advance, otherwise this is a national-level financial crisis."

But that's precisely the terrible thing about the subprime mortgage crisis, and only four groups of people are convinced. Among so many elites on the entire Wall Street, only four groups managed to get rid of it.

Lance didn't open his mouth to explain further, partly because he couldn't explain it, and partly because he knew how incredible things were. So he just looked at Ian quietly.

Ian sensed Lance's gaze, broke free from his thoughts, and then looked at Lance in a daze, and finally the smile on the corner of his mouth involuntarily outlined, ridiculous and helpless, "Lancelot, you still say that I am a madman, you are the real madman." "Betting on the collapse of U.S. real estate is simply the craziest gamble in history compared to buying Marvel.

Lance shrugged, but smiled. He wasn't sure how to convince Theo, Ian, and Gawain, because he didn't want to listen to each other's opinions when a layman came over to convince him how to make a movie. The only thing he can pin on is the wisdom of his three elder brothers, as well as trust.

Ian let out a long breath, leaned back in his chair, and then looked at Theo, "What do you think?" ”

Theo didn't speak, his face fell into thought with a solemn face, and Gawain, who was sitting next to him, looked at Theo, then at Ian, and finally said, "I believe Lance. Such a simple sentence made Lance feel extremely heavy, and he chuckled and shook his head, "Gawain, I'm not always right. ”

"I know." Gawain nodded earnestly, "You'd better be right, though. When he said that, he laughed heartily.

Ian asked again, "What do you think?" "The subject of the inquiry is still Theo.

Theo raised his eyes and said in a calm voice, "You've always been bolder than me, haven't you?" ”

Ian suddenly remembered the day they decided to continue to form a family, the day Theo took their legal custody, and the smile on the corner of his mouth rose, and his eyes fell on Lance, "Gawain is right, you better be right." "The matter was decided like this, and the seemingly impossible proposal was actually decided in this way.

The smile in Lance's eyes filled with this, but Ian immediately raised his right index finger, "But, but ......" he stopped Lance's words later, "We need to go to various cities to investigate further, Gawain has been on vacation recently, and this matter is just left to you." Let's see if the mortgage situation of people with bad credit is local, or if it has spread. ”

Gawain immediately began to rub his hands and patted his chest, "Traveling around the country, I am the best at this." "As a professional athlete, they race all over the United States during the regular season, so it's no surprise to him.

"Also, the company can't stop operating, your next filming plan will be listed as soon as possible, and the thing you said the day before yesterday, the list of works worth watching in the distribution department." Before Ian could say anything, Lance showed a big smile, which interrupted Ian's words, and he rolled his eyes angrily, "Don't come with me, if after the investigation, it is found that something cannot be done, neither Theo nor I will agree." ”

Instead of paying attention to Ian, Lance turned to look at Theo with a smug smile. Looking at the glint in Lance's eyes, with a hint of flattery and a hint of cunning, the corners of Theo's mouth also raised slightly. (To be continued.) )