Although Chris has been a decent and inconspicuous appearance since his debut, after all, he works for a large news organization, and it is impossible to do without two brushes. And as soon as he opened his mouth, he was such a sharp question, and the content was extremely sensitive, which naturally caused Zhang Xiaomin's extreme dissatisfaction.

Fortunately, Zhang Xiaomin's dissatisfaction only flashed, and his face regained calm. At this time, he was a little curious to see how Zhong Shi solved this thorny problem.

"Wow, that's a tough question!" I saw Zhong Shi touch the tip of his nose, chuckled, and first asked rhetorically, "Are you implying that all the people who donate to their alma mater have similar intentions?" If not, is it because of my Asian identity? ”

Zhong Shi first dragged all the people who had donated into the water, and then spoke about his Asian identity, implying that the other party's move was suspected of racial discrimination, which naturally meant to make things bigger and bigger.

"No, no, no, Mr. Zhong, you misunderstood what I meant!" Chris. Naturally, Snitty didn't dare to bear such a big charge, and hurriedly denied it, "Of course I don't think so, but now there are similar rumors in the outside world, and I want to take advantage of today's rare opportunity to ask you for verification in person, if it is a misunderstanding, I just take this opportunity to clarify that it is not." ”

Since it was a live show, Chris. Naturally, Snitty was reluctant to give someone a role, because it would affect not only him personally, but also the organization he worked for might be subject to demonstrations and protests.

The effect of the beating has already worked, and Zhong Shi naturally will not continue to entangle. He cleared his throat at the moment and said loudly: "This statement is naturally nonsense! I believe you are well aware that the main focus of Tianyu Fund and I is on the market in Hong Kong and the world, of course, we pay close attention to the domestic market, as we all know, in recent years, the economic development of the mainland of China has been extremely rapid, which is something that no rational investor will miss. ”

"So far, at least, apart from charitable foundations, our focus in mainland China has been mainly focused on high-tech companies and Internet companies. Participate in the growth of Huaxia in the form of PE. Typically, we invest in the financing of companies at a higher valuation. The use of capital injections and the hiring of an excellent external management team to promote the growth of the enterprise is in a way a mutually beneficial partnership. ”

In addition, in other industries, Tianyu Fund has also maintained a high level of attention. In addition to venture capital and private equity funds. We are also actively involved in the IPO of Mainland companies in the Hong Kong market. In the last year. We became the foundation investors in the IPOs of 8 large Mainland enterprises in Hong Kong. This also shows that we are deeply involved in the process of China's rapid development. ”

"Of course, the reason for this only represents our optimism about the Chinese market. In fact. In any business activities of X-Spatial Group and its subsidiaries, we not only strictly abide by business ethics, but also do not cross the red line stipulated by law, which is the most basic requirement. Therefore, I can clearly tell you that I have reached a consensus with the board of trustees of the University of Chicago that I will not recommend any international students from the mainland of China, and I believe that this alone is enough to clear up the misunderstanding between us. ”

When he heard that Zhong Shi gave up his right to recommend, Chris. Snitty knew he was defeated, and he was defeated quite completely. He was also cheerful, and after quickly saying "sorry", he passed the microphone to Sean. Bonner's hand.

"Wow, thank you Mr. Zhong for your wonderful answer, it's really impressive." Sean. Bonner made an exaggerated expression, which immediately caused several people to laugh, and also diluted the smell of gunpowder just now, it was obvious that he was very good at creating the atmosphere of conversation.

After calming down the tension, Sean. Bonner quickly revealed his problem, which was naturally quite sharp, first of all, he provoked the incident 8 years ago, "Mr. Zhong, I heard that you defeated a group of hedge fund bigwigs, including Soros, in the financial crisis of '98, aren't you going to say hello to these old friends here?" ”

Although these words are not too problematic on paper, Sean's sinister intentions are to remind those bigwigs who are still active in the financial markets that this guy has finally made a public appearance and a chance for revenge has come.

"They're my old friends?" The corners of Zhong Shi's mouth suddenly showed a hint of sarcasm, and he immediately refuted Sean's statement unceremoniously, "They are both great fund managers, but at that time there was a completely different difference between my and theirs, so they just happened to become opponents at that time." ”

"It's a well-known fact that it's normal for opinions to diverge on the market, and there's no need to make a fuss. You know, right now, I'm afraid I don't think about the U.S. economy like most people in the market, so that's nothing, is it? ”

"Okay, it was just my greeting just now, since Mr. Zhong doesn't want to mention more, then let's skip it." Sean is also shrewd, seeing that the other party is not in the same way at all, he will no longer continue to entangle, "Now it's time for my question, I noticed that you just said that your view of the U.S. economy is different from most people in the market, which makes me very surprised, may I ask why this is, what kind of view do you have of the U.S. economy?" ”

He thought that he had grasped the focus of Zhong Shi's words, and he was still complacent in his heart, but how did he know that this was one of the topics that Zhong Shi had prepared to throw out a long time ago, the purpose was to cause the following content.

It is important to note that after 9/11, the Fed began to implement quantitative policy, because the decline in long-term interest rates caused a massive flow of money into the productive sector in search of higher yields. Driven by this policy, the U.S. economy began to experience a glorious period of growth, in which the GDP growth rate reached an astonishing 3.9% in 04 and 3.2% in 05, the unemployment rate fell sharply, the non-farm payrolls were gratifying year after year, and the inflation rate was also controlled at a low number. It can be said that all kinds of economic figures are exciting. Moreover, driven by the economic growth of the United States, the entire world economy has seen a trend of rapid growth. In this case, if you say that your views are different from most people in the market, you are either neurotic or have unique opinions.

Obviously, Sean wouldn't think Bell Stone was the former.

"Let's start with my paper, which is the Gaussian function formula that is now widely used in the credit default swap market. To be honest, I didn't expect this paper to be used on such a large scale before this, but I was very pleased to see that what I was doing was recognized by others. But here's the problem. This market has been severely outstripped of what the market can bear. If this market collapses in the future, the consequences will be extremely terrible and dangerous, and will even affect the development of the US economy. ”

Zhong Shi frowned slightly, and pondered for a long time. Just say something that seems alarmist.

"So. What do you mean? Sean was stunned for a moment. After quickly assembling a remark in his head, he asked, "What you're talking about is what the so-called credit default swap market is." And not the American economy? Do you think that a financial market collapse will affect the operation of the entire US economy? ”

Hearing Zhong Shi's words, Zhang Xiaomin and Chris. Snitty was stunned, but not only them, but even the traders in front of the TV were stunned. Although there are people on television who preach crisis theories every day, most of them are considered from a macroeconomic point of view, and no one will say that a financial market collapse will affect the entire US economy, so this statement sounds both fresh and exaggerated to them.

However, this piqued their interest even more, and at the moment these people pricked up their ears to see how Zhong Shi continued to explain.

"Not bad!" Zhong Shi did not deny it at all, and admitted it bluntly at the moment, and then slowly explained, "Since the credit market has been priced, it can contract any commodity market, covering all aspects of economic activity, so if there is a crisis in this market, it will definitely affect many industries." Let's take an example, if there is a crisis in the real estate market, including bonds, insurance and other markets will be implicated, and those large investment banks will be involved, affecting the entire financial chain, and then it will affect the operation of the entire economy. ”

"Of course, I'm just a metaphor, and I want the U.S. economy to prosper for a long time. But if that day really comes, it would be absolutely unfair to hope that public opinion will not attribute the cause of this crisis to my thesis. ”

Speaking of this, Zhong Shi habitually touched the tip of his nose again, as if he was laughing at himself and like a warning, as for what it meant, others could not guess.

"Speaking of the financial market, a major event has happened in the financial market recently, I don't know if you have heard of Mr. Zhong?" Ignoring Zhang Xiaomin's successive glances, Sean firmly grasped the microphone, and the questions were thrown one after another, "Market rumors that last month, a fund called Withered Flower had a huge loss in the natural gas market, and it was said that the amount reached a staggering $8 billion, and their position once reached 40% of the open interest in NYMEX. But even so, the losses they caused were eventually absorbed by the market, and there was no danger to the gas industry. I don't think Mr. Chung would have heard of this case, and he wouldn't have had what he just thought, right? ”

Sean was naturally unwilling to be persuaded by Zhong Shi like this, and with a roll of his eyes at the moment, he talked about the recent major events that have caused a sensation in the financial world. He originally wanted to use this incident to refute Zhong Shi's point of view, but he never thought that Zhong Shi in front of him was one of the several culprits who created the crisis of the Immortal Flower Fund, and it would not be an exaggeration to say that he was the culprit.

Although the non-withered fund still has billions of dollars left on the books after huge losses, and Nick even wanted to continue to run for a while, but investors have developed extreme distrust of the non-withered fund managers and have asked for redemption, under this pressure Nick had to announce the liquidation of the company, and the non-withered fund has completely become a thing of the past.

"Wow, that's a good example." Zhong Shi smiled, not showing the slightest pressure on his face, because what Sean said was exactly what he had just experienced, and explained lightly at the moment, "First of all, I have to correct you a mistake, according to our calculations, the total loss of the Withered Fund is between $6.6 billion and $7 billion. Secondly, the withered fund misjudged the market situation, disregarded the fundamentals, and wanted to manipulate the market with its own strength, which led to today's situation. For the natural gas market, the impact of the futures market is sufficiently regulated and constrained, so even if there is a crisis, it will only affect a very small aspect. Crucially, it has enough alternatives, so even if the gas market collapses, it is unlikely to affect the economy as a whole, as it accounts for only a quarter of the energy market. ”

"Between $6.6 billion and $7 billion?" Sean glanced at Zhong Shi suspiciously, and raised the question in the minds of most people in front of the TV, "Mr. Zhong, please forgive me for my presumptuousness, but I am very curious, how do you know that the other party has lost so much, and it is so accurate?" ”

Asked this, Zhong Shi's face showed a sincere smile for the first time, he stared at Sean for a moment, turned his gaze to the camera, and said word by word: "Because we are the opponent who does not wither flowers!" (To be continued......)

PS: Thank you for calling my brother to vote for the monthly pass! It's busy near the Spring Festival, so I'm sorry it's even late today......