Chapter 38: The Big Short (25)

Contini was indeed at the headquarters of the Union Bank, he had just received three messages from the exchange, and was about to communicate with his subordinates how to deal with it, when he suddenly heard such a strong rhythm downstairs or with an American Italian flavor of "Long live the president", he couldn't help laughing, and said to Livermore: "I found that you Americans are sometimes quite funny, saying that you want freedom and democracy, but your body is very honest - long live the president has been shouted, have they ever shouted long live the president?" ”

Livermore shook his head: "No one shouts long live the president, because the president can't make everyone rich, and the president is chosen by everyone, and some people like it, some people don't like it!" But the president is different, your position is tested by the market and practice, and you are known for your accurate predictions...... Isn't shouting long live really supporting you to become the leader of the United States, isn't the essence of making money, and Americans are very honest about getting rich and making money. ”

"Well, we can't disappoint them too much...... "Contini said to Aquilani, "tell the people outside that I'm going to have a meeting now to study the new rules of the exchange, and I'll meet them at half past eight and have a casual conversation...... If they're willing to wait, just wait in the hall for a while, no, and give each a cup of coffee......"

After the news was transmitted, there was a thunderous cheer outside, and they all expressed their willingness to wait, and even said that as long as the president was willing to see everyone, let alone half past eight, half past ten was fine.

The person who advocated shouting long live the president just now proudly proclaimed: "You see, it still works...... Investment is also about politics, which is completely different from the United States, and Italy has its own national conditions! ”

Everyone nodded yes: no matter what form of government, as long as it can make everyone money, it is a good government, freedom? How much is a kilogram?

"What do you think of these three strategies of the exchange?" Now Contini is humbly asking for advice, because the world is completely different from what he knows:

First, the stock market rose higher than he remembered, and the highest in history of the Great Depression was more than 380 points for the Dow Jones, but this time because of the $4.4 billion order and the previous foreshadowing and the hype of the joint stocks, not to mention 400 points, even 450 has passed;

Second, although the first decline was similar to the historical situation, because the stability maintenance fund was established earlier than in history and Contini was interested in recycling, the first sharp decline did not fall through - in turn, it gave the market room for imagination;

Third, the fuse of this plunge was triggered by the cancellation of 4.4 billion orders, which is not such a thing in history, but this afternoon, due to the tycoons joining forces to save the market and his own notification to Hoover that he could reconsider this batch of contracts, there was a little sign of rebound, which is completely inconsistent with history;

Fourth, whether the next step is to rebound or plunge first, Contini is a little unsure, although the U.S. stock market as a whole is going down there is no doubt, but whether it will go tomorrow or a few days later, it will be completely different. Some of the characters are written to go to the United States to make a fortune by taking advantage of the crisis after crossing over, if it is only tens of thousands, hundreds of thousands of dollars, it can't stir up any waves, but if it is hundreds of millions or even billions, it is a big variable, and the trend of the situation will be completely different, as for the statement that 15 billion US dollars was swept away through reasonable operations, it is simply nonsense - the total market value of the peak of the US stock market is only more than 60 billion US dollars, and a quarter of it will be swept away in one breath? How was this stock sold?

Livermore frowned and said: "To tell the truth, I am also a little uncertain, I agree with your judgment, the stock is generally going down, this is a deep-rooted trend, can not be shaken, but the situation tomorrow and the day after tomorrow is really hard to say, I think if the opening of tomorrow can be stabilized, maybe this week can be basically stabilized, of course, there is a certain difficulty in the short term to go up to 300 points, there will be a sell-off, so my suggestion is to harvest small tickets as much as possible tomorrow, large blue chips with a wait-and-see attitude......"

Contini nodded: "It's okay to stabilize it first, or even go up first and then come down first, it will be more beneficial for us." You and Mr. Francisco play the rhythm, improvise, but don't step up and turn the tide, we don't have the ......"

As soon as he finished saying this, Aculani came over, Contini looked at the time, it was almost half past eight, and he was about to go down to say hello to the people in the hall, who knew that after walking a few steps, Francisco suddenly pulled him into the conference room next to him, and whispered: "Calais, a special telegram jointly sent by Monsieur Antonio and His Excellency the Minister of Transport." ”

"What's going on in the country?"

"This afternoon, I learned that the U.S. stock market plummeted, and the European stock market also fell sharply at the same time......"

After reading the telegram, Contini understood: Italy and the United States have a six-hour time difference, when the United States just opened, Italy was already in the middle of the afternoon, originally the Italian stock index fell only a little in the morning, but as soon as the news of the United States plummeted, the stock markets of Britain, France, and Italy all plummeted simultaneously......

"There is an urgent meeting in the country to deliberate, and the lord said, the leader asked when you will go back? He asked you to return to China as soon as possible, and it has been more than half a year since you said you were going to return to China, and the leader is a little unhappy......"

Antonio also wrote these words, but his original words were more tactful: this evening, the main Italian consortiums held an emergency economic countermeasures meeting to discuss whether to save the market, and the heads of a number of companies proposed that the United Group is the largest and most powerful company in Italy, and it is not possible without the participation of the United Group, even if the United Group does not issue shares in Italy, you should also pay attention to the Italian stock market, bond market and exchange rate, and hope that you will return to China as soon as possible...... Mr. Antonio also looks forward to your return to China as soon as possible to stabilize the overall situation.

"A bunch of fools, the stock fell and fell, what is there to save, how to pull production up is the right way......," Contini said with great dissatisfaction, "Call back: first, don't save the stock, just fall, pay attention to it, especially not to use credit funds to rescue the stock market; Second, the exchange rate should be highly valued, in the short term, the lira exchange rate must be pegged to the US dollar and the British pound, at most allowed to depreciate to the level of 1 pound sterling to 125 lira, and in the long term, it can be moderately depreciated, but not too much, the part of the foreign exchange is not enough, and the United Bank promises to exchange; Thirdly, the United Group will not stabilize the country in other aspects, and it is proposed to approve Capello's nine-year compulsory education bill at a speed of 100,000 yuan, approve the bill for the construction of the Rome Metro, and the United Group will contribute 100 million US dollars, half of which will be used for the construction of new domestic schools, a quarter for teachers and equipment, and a quarter for the Rome metro. ”

Francisco was shocked: "Calais, the economy is in crisis, why are you still expanding your fiscal spending?" And those unnecessary financial expenses? This will increase the burden on the government and should be ......"

"The more crisis you have, the more you have to expand government procurement and investment, if you tighten it again, there will be a large number of people who will lose their jobs, what can they do if they are unemployed? Don't want the position of leader? The fascist regime doesn't want it? Let my father tell the leader this sentence as it is, no matter what, to stabilize employment, as long as there is a mouthful of pasta to eat, the Italians will not rebel! As long as the leader is as stable as Mount Tai, everything else is trivial! Contini's tone became serious, "I'm still busy dealing with the mess here in New York, and I'll be back next month......"

Even Aquilani doesn't believe this, now Italy calls Contini "next month to return to Ziano", every month it is said that the president wants to return to China, every month there is no one, there is already an Italian tabloid to describe the president in the United States to find a lover and fall into the gentle country, if it is not for the new Italian ambassador to testify to Contini, I am afraid that Mussolini will really go down 12 gold medals to catch the horse master, and even United Milan finally won the league championship trophy this season, and even Mussolini rushed to cheer, As a result, the chairman of the club was not there, only Ada, his fiancΓ©e, came, not to mention how embarrassing the scene was......

"The popularization of 9-year education, you can lock in a part of the 12-15-year-old people, and at the same time can also hire a group of teachers, in addition, the construction of schools and supporting facilities can effectively stimulate domestic demand and employment, the same is true for the subway, other projects should not be stopped, and it is much more important to ensure employment than to protect finance." Contini emphasized, "Tell the domestic consortium that if you want to change your concept, you may be hindered in exporting in a short time, because Italy's traditional dominant goods are fashion and luxury products, and under the blow of the economic crisis, the market demand for these things has been cut the fastest, so we must ensure domestic demand, and if there is no domestic demand, even if it is forcibly created, I must get it out!" Otherwise, it's all over! ”

Aquilani quickly drafted a telegram for Contini to see, and when he saw that it meant well, he waved his hand: Send it immediately! Shao Tian added: "Explain to my mother, let her put away her things and put them in a safe place as much as possible, I can talk about what I asked her last time." ”

Agnes knew exactly what it was - their private wealth, especially New York souvenirs, had to be put away. As for the matter of please, only Agnes knows.

It is difficult for Francisco to understand Contini's thoughts: this is obviously adding fuel to the fire, the government will not be able to withstand the economic crisis, and if it forcibly expands spending, how will those deficits be repaid in the future? However, if you think about it more deeply, there is a certain amount of truth, if the job cannot be maintained, the people's hearts will fluctuate, and even the people will take to the streets to come to the "second revolution", it will be a disaster for the United Group - the former is just ruined, and the latter is about to be ruined.

There is a time difference of 6 hours between Rome and New York, and the old Chiano received the telegram at more than one o'clock, he did not dare to slack off, grabbed the phone and reported to Mussolini, who was also anxious like an ant on a hot pot at this time, but after listening to the old Ciano's report and 100 million US dollars in financial aid, he suddenly had a bottom in his heart, and said continuously: "Yes, yes, Calais is right, in extraordinary times, people's hearts come first!" If he does, tomorrow the big fascists will meet to discuss and pass these two bills......"

"Calais is still dealing with the crisis in the United States, where it has fallen in a scattered and miserable manner, dozens of people jump off buildings a day in New York, and some time ago the Federal Reserve made a bad deal and lured depositors to run on it, and finally calmed down the scene, I am afraid that I will not be able to return to China until next month......

"Does he have any other difficulties?"

"There is no other difficulty, but the navy must obey the command!"

"There's no problem with that, I've already said it, who dares not to listen to the command and turn around and cut them all! You're also an admiral, go and move around more. Mussolini replied domineeringly, "Anyway, the Caracciolo has been completed and is about to be tested, so I will send it to New York tomorrow to support Calais...... Forehead...... The opening fee has to be paid by Calais. ”

Putting down the phone, old Ciano let out a long breath, which had tormented him today. Agnes smiled: "It seems that you really don't look like you are the prime minister, and you don't see politics thoroughly enough......"

"You ......," old Ciano wanted to get angry but couldn't, but said with a sad face, "What should I do next?" The economic crisis is about to erupt, and I'm really worried. ”

"Calais said, when he returns home, let you go to the Great Fascist Committee to retire, and he will do your position!"

"What?" Old Ciano exclaimed, "What do you mean? The son wants to usurp his father's power? ”

"For your good, do you understand, the chairman of the Great Fascist Committee is the theoretical second-in-command of the country, and Calais is in charge of the Ministry of Communications, doesn't it mean that you are in charge?" Agnes smiled, "I know you don't want to pay this respect to your subordinates, but do you know that these honors are ...... from Calais?"

"Don't talk nonsense!"

Agnes chuckled, "Looks like you don't know. I'll tell you the truth, 3 months ago, Livorno Engineering sent you 1 million lira; 2 months ago, the second construction company of Bologna gave you 1.2 million lira; Last month, the Venice Municipal Construction Company sent 2 million lire; The day before yesterday, the Naples road construction company sent you 2 kilograms of gold......"

"You...... Are you stalking me? ”

"Who's going to follow you?" Agnes laughed, "Because all the money is coming out of me, No, Monica's account - of course she doesn't know what it's for." ”

Old Ziano asked, "Why are you doing this?" Where does your money come from? ”

"Calais gave it, I made another deal in stocks, and I have millions of dollars in my hands...... As for why they do this, it's purely to save face, you really don't know what kind of projects these companies can do if they pay this money? Everyone is a businessman, don't you understand that the wool comes out of the sheep? Send you money here, and you have to find ways to cut corners to get it back, can this quality be good? What should I do if the quality is not good and something happens in two years? Whose fault is it? It's not that you're embarrassed? So your son has come up with a way, the project must be of good quality and quantity, and filial piety will control people to do it - these companies are all controlled by United Construction! That's why we can not only ensure quality and quantity, but also give you filial piety, otherwise you think that pie in the sky will fall - the quality of the project is so good, and there are rebates? This minister is really comfortable......"

Old Zia's face was flushed with a squeeze, and he didn't know what to say.

Agnes suddenly walked over and hugged him at this time: "Don't be angry, old man, your son respects you, just take it, don't have a psychological burden, but you took the benefits and knew to give me money to go shopping instead of going to the goblin, and my heart was also happy...... Go and be the chairman of the Great Fascist Committee, anyway, you don't want power, just a name, that name is bigger, money, there is a son, it's not as much as you want......"

Old Ciano was shaken by his wife, threw Agnes on the bed in one breath, and pretended to be dissatisfied: "You found 4 sons for you, but you look me so dead, you are embarrassed to ......"

"That's different, the women of Calais are all better looking and more capable than Ada, and none of the goblins you found when you were young are as good as mineβ€”you have to improve your taste!" AAAA Mediterranean hegemon