Chapter 250: Cutting Meat with a Knife
"Public appearance?"
Gross pondered for a long time before frowning and saying, "There is no problem in Portugal, I can have multiple reasons." But if you openly advocate that there is a problem with the Portuguese economy, I am afraid that it will attract the attention of those who are interested, and the meaning of the platform is too strong! ”
"Not in public, of course!"
Zhong Shi waved his hand and directly denied Gross's concerns, "If that's the case, my boss's IQ is really worrying." Not only you and me, but also everyone else, we will not be in public. ”
"That ......"
At this time, Gross didn't understand, and looked at Zhong Shi suspiciously, "How do we affect the market?" ”
"Embassy!"
Zhong Shi put his hands behind his back and looked out the window, "Paulson's side has already been contacted, and you can go directly to the embassy when the time comes." They will arrange a cocktail party that will be attended by American businessmen in Portugal. Feel free to talk about it at the reception, after all, it's a private occasion and it doesn't matter what you say. ”
"The most important thing is that there will be one or two Portuguese journalists mixed in. They may report what you say, and of course, you will deny it altogether. False and real, real and virtual, so that the panic caused can be maximized! ”
Although it is a small-scale speech, it will definitely be widely circulated through the mouths of some media or some businessmen. Of course, on the surface, we will not admit it, because it may offend or anger the Portuguese government. But behind the scenes, this small gesture, combined with Moody's statement, is enough to destabilize the whole of Portugal. ”
"Now, are there any questions?"
The voice was soft, but hearing it in Gross's ears made him nod his head again and again. There was a look of deep approval on his face.
"No wonder they all listen to you, it turns out that you really have a hand!"
After just talking to Zhong Shi for a while, Gross realized how powerful the other party was, and soon he asked another question, "Mr. Zhong, on the 10-year U.S. Treasury bonds." How did you do that? ”
"U.S. 10-year Treasury bonds?"
Zhong Shi repeated it leisurely, then came to his senses, glanced at Gross with a strange expression, and asked, "Could it be that you were also involved in this place in the first place?" ”
"Hey......
Gross rubbed his hands together and laughed embarrassedly, "To tell you the truth, I did get involved in it at the beginning, but I was still one of the main funds to sell." The victory was already in hand. But I didn't want the Fed to kill me halfway, so I had to stop the loss. ”
"What I don't understand is, why did the Fed intervene at that time? Was it a coincidence or did I make a deal with you privately? I haven't figured out this reason until now, and I asked Mr. Zhong to give me advice. ”
After laughing and revealing his scandal, Gross immediately changed to a solemn expression and asked Zhongshi.
"The answer to this question ......"
Zhong Shi took a deep breath and smiled inscrutablely, "You're right. But it's not right. As for what the real situation is, I'm sorry I can't say. ”
"Hey......"
Gross let out a long sigh. I knew I couldn't find out anything more.
……
On January 11, 2010, before COMEX opened, the rating agency Moody's issued a statement, a warning statement against the Portuguese government.
"We have noticed that in recent years, the Portuguese government's fiscal deficit has continued to grow, compared to the growth rate of GDP. Completely disproportionate. We have no intention of pursuing the reasons for the high growth of the Portuguese government's fiscal deficit and public debt, but we have to warn that if this situation continues and the current Portuguese government is unable to take effective measures to reduce the deficit, Portugal's national debt will be downgraded. ”
"The current rating for Portuguese government bonds is A1. The rating is positive. However, we believe that the basis for this evaluation is based on the financial position published in the previous year. In the current situation, the rating of Portuguese government bonds will be fine-tuned, from A1 to A2, and the rating remains positive. But until the financial situation does not improve in the future, we all retain the possibility of downgrading. ”
Although it was only a warning statement, the market was still shaken.
This means that the debt crisis in the European zone has spread from Greece to other countries and regions, although so far, there has been no substantial rating downgrade, but the market has realized that there is not only one country like Greece in Europe!
This statement was accompanied by a sharp drop in the market!
The New York gold index fell from $1,152 at the opening to $1,130 an ounce, and fell to $1,126 an ounce at its lowest, a decline of 1.91%, ending a half-month winning streak.
The New York crude oil index fell 2.11% from $84 per barrel to $82.63 per barrel.
London March copper fell from the opening price of $7,587 per lot to $7,330 per lot, a full drop of $257, or as much as 3.39%.
The euro fell against the dollar from 1.4501 to 1.4453, a decrease of 0.21%.
Portugal's PSI plunged 3.5%, its biggest drop in almost a year.
……
The lethality of this statement is mainly reflected in the commodity market, and for the United States, Germany, France and other markets, the impact is minimal, and even the Dow Jones Industrial Average and the S&P 500 index in the United States have risen slightly.
Because for the stock market, most of the influencing factors are based on micro-enterprises, and for mass goods, the most important factor is the state of global economic development. For example, the price of copper basically depends on supply and demand, and when the global economy is good, the demand for copper increases, and the price of copper will naturally rise.
If there are successive sovereign debt crises, then it is clear that there are problems in the economies of these countries, and in this case, the demand for commodity markets will definitely shrink or even weaken, so it is not surprising that the prices of these commodities have fallen.
But for gold, this is a bit of a stretch, because the demand for gold is on the consumer side on the one hand, and stored value on the other hand. These are the two biggest aspects.
In terms of stored value, because the exchange rate of the euro against the dollar has not fluctuated much, the possibility of safe haven does not exist. On the other side of the market, expectations for consumption will fall, which in turn will lead to a decline in gold futures prices.
But that's just the beginning.
"Gentlemen, I have our guests tonight. Bill. Mr. Gross! ”
At eight o'clock in the evening at the U.S. Embassy in the middle of the downtown area of Lisbon, accompanied by Mr. Ambassador. Gross made a gorgeous appearance.
Since the beginning of the evening, luxury cars have been driving into the US embassy one after another, and this phenomenon immediately attracted the attention of the local media, who soon learned that there was an unannounced cocktail party to be held at the US embassy tonight. Those who come are either rich or noble.
Naturally, the Portuguese media immediately became interested, but to their frustration, they did not have invitations on hand, so even with the best of their tongues, most of them went back.
But there are always exceptions, and a reporter from the Express pretended to be a chef and successfully entered the reception. When he changed his clothes. When he appeared in the banquet hall, there was a scene that shocked him.
Except for the embassy staff. All of those present were American businessmen who had invested in Portugal. Among them are large exporters, executives of automobile manufacturers, and national agents of agricultural products.
These people are basically the representatives of American capital in Portugal.
"What the hell are they going to do?"
His name is Andrew. Gomez's reporter muttered to himself as he watched carefully. While ducking into the corner, he was afraid that others would recognize him.
He was too worried, although there was a big difference between his appearance and the Americans, but the people present were confused about the purpose of their visit, even if they recognized him. Where will you be busy?
For a time, Andrew. Gomez was not in danger of being driven out.
Halfway through the reception, the highlight finally appeared.
"Good evening, gentlemen!"
Bill. After Gross appeared on the stage, he couldn't hide his exhaustion and waved to everyone, "Ladies and gentlemen, I'm Bill. Gross, the convener of this cocktail party! ”
Among the crowd, there were people who knew Gross, and there were surprised expressions on their faces. Those who didn't know each other had a confused look on their faces, and it wasn't until the others explained to them that they showed a sudden realization.
"This Mr. Gross is an investor, and he is very well-known in the bond market, and people in the industry call him the 'king of bonds.'"
U.S. Ambassador to Portugal Jeff. Marshall was also confused, but the order he received was to serve Bill. Gross arranged a drinking party, he naturally couldn't refuse, and after a brief introduction to Gross, he handed over the right to speak to the other party.
"Ladies and gentlemen, you must be wondering, why did I, an investor, appear here and hold this cocktail party?"
Gross slowly regained his composure and began to explain to the crowd, "Guys, maybe you don't know yet, just yesterday, Moody's warned the Portuguese government. ”
“……”
He was answered by a cacophony.
Most of the people in attendance were unclear about Moody's, but there were those who did. After a few minutes of communication, the participants gradually understood what kind of rating agency this Moody's is.
"I can tell you with certainty that in the near future, companies such as Moody's and Standard & Poor's will definitely downgrade Portuguese government bonds."
After giving everyone a few minutes to react, Gross said in surprise, "Portugal has a good chance of becoming the second Greece!" ”
"Maybe even worse than Greece!"
He added.
"What?"
Andrew. Gomeston felt his scalp tingle, and a chill rose up his spine. Although he only inadvertently broke into this drinking party, from the current situation, he knew that he was definitely worth the trip.
But what he heard shocked him again. Thinking of this, he quietly opened the voice recorder in his arms and leaned forward at the same time.
In the same way, Gross's words blew up in the crowd.
"How is this possible?"
"Is this guy kidding?"
"Does he know what he's talking about?"
……
Doubts abound.
For Greece, although many people are not engaged in the financial industry, most of the people present still know about the debt crisis in Greece. Of course, at most, they just regarded this incident as news, but never thought that this kind of thing would happen to them.
So their first reaction is not to believe it!
"Everyone, please be quiet!"
Seeing that the scene was about to get out of control, Gross quickly made a silent gesture, "Regarding all this I said tonight, I hope you don't spread the word, please be sure to abide by this." ”
The crowd fell silent, and they seemed to realize that they were going to hear something unknown to the outside world.
"According to estimates, Portugal's fiscal deficit is 9% of GDP and its public debt is 104% of GDP, which is far beyond the requirements of the eurozone and not far from the figures of Greece. In this case, who dares to say that Portugal will not be the next Greece? ”
He asked confidently. (To be continued.) )
PS: Why is it deserted again...... There were no votes and no votes and no likes on this day...... Anyway, we must work hard in the new year, and I hope that more book friends can pay attention to and support this book~