American Fortune Life
Chapter 1246: Operation Icebreaker
The rescue plan proposed by the US government was approved by the House of Representatives yesterday and on the afternoon of October 3, and was formally implemented by the president Xiaofei shoes. But to the surprise, Wall Street, the biggest beneficiary of the government's rescue, suddenly changed its face after the plan was adopted, and the three indexes fell together.
The bailout of boots helped Wall Street breathe, but concerns about the economic outlook have caused stock indexes to fall.
Now that the market has become a bird of paradise, Andy knows that this is Wall Street's concern that the government's bailout plan is not enough to drag the US economy out of recession because economic data is becoming less and less optimistic.
Investing $ 700 billion in the market can only save fur and cannot solve the fundamental problem. Seven hundred billion dollars can only deal with bad debts on the books so far, but it is powerless to continue to burst new bad debts that are constantly generated by the real estate bubble.
However, Wall Street finally ended its "worst week". Only one of the five trading days rose, and the worst day fell by 777 points.
Just as Andy said before when he faced the media outfit, the Americans saw the joke in the American economic crisis, and they also followed the bad luck, including Europe.
During this week, the financial crisis quickly spread to Europe, which also led to a deeper panic in global finance. And Europe does not have a unified fiscal and integrated central bank that can quickly intervene in the market. Therefore, European banks are more vulnerable to bankruptcy and failure due to lack of capital.
In the study, Andy is sitting in front of the computer, having a video conference with his subordinates in the UK, listening to the work report this week, and more importantly, determining the next stage of the 'hit target.
For the “robbing” of European financial markets, and Andy, there is no psychological burden at all, and he wished to empty the wealth of Europe directly.
"Iceland!"
After Andy heard the report, he did not hesitate to target Iceland as the protagonist in the bankruptcy news of the most familiar country in the past.
No matter how small a country is, it is also a financial-based country. What better way to accumulate wealth than to rob a country?
"Iceland is a small Nordic country with a population of approximately 320,000 people and an economic aggregate of approximately $ 19 billion. In the mid-1990s, Iceland's stock market boomed and stimulated the country's banking industry. The country's economic aggregate is 9 times. "A data analyst introduced the situation in Iceland after the voice of Andy fell.
"The rapid expansion of the Icelandic banking industry relative to other economic sectors has laid a hidden danger for the current crisis. With the financial crisis raging, Iceland's banking institutions have been severely impacted and suffering from a shortage of funds. According to reports, Icelandic residents have recently discovered that It is no longer possible to withdraw or transfer funds from some banking institutions in the country, which has caused considerable panic in the country.
In 2007, the gross domestic product was only 193.7 billion US dollars, while the assets of several major banks were as high as 128 billion US dollars, and the external debt owed was more than 100 billion euros. Only 4 billion current foreign assets can be used by the Icelandic Central Bank. EUR.
Various data indicate that the three major banking institutions in Iceland have fallen into serious difficulties. It is only a matter of time before the government takes over. At present, the Icelandic krona against the euro exchange rate has begun to fall sharply. "
"How much money can we use?" Andy asked, squinting his eyes, squinting.
"Apart from the £ 2 billion of which is shorting British banks and some companies, the previous gains from the gold and foreign exchange markets have made us very well funded, and there are £ 3.2 billion that can be called at any time."
The corner of Andy's mouth is upturned, the arc is big, and the smile becomes very bright. Sure enough, he is a fan of money. Only when he hears the increase of banknotes is he the happiest thing, although he has seen it from the briefing already. Funding data, but listening to his own reports will still make him laugh.
"Concentrate your strength and short Iceland Krona. I believe that many forces are now focusing on Iceland. Hedging the Iceland Krona exchange rate is the most direct and simple way to quickly plunder wealth." Andy said calmly, as for the Icelandic people. The crazy depreciation of banknotes and the skyrocketing prices are no longer within his consideration.
"The exchange rate has plummeted, and the Icelandic government will definitely announce that the Icelandic krona will be fixed against the euro ..."
Andy shook his head with a smile and interrupted the concerns of his subordinates directly, saying directly: "The general trend! How much money can they take out of the market? They have no room for resistance. On the foreign exchange market, their Icelandic krona will usher. It was relentless selling.
Even if there are rescues from other countries, the scale of several hundred million or more than one billion is nothing more than adding firewood. They do not save the market. What do we make? They will eventually announce their abandonment of the Icelandic krona exchange rate because they are unable to support it. "
Andy stared at the crowd sitting in the conference room in the video window and said, "Iceland is more like a private investment fund than a government. Now they are the most vulnerable country. All we have to do is rush in and take Go everything! "
"Understood, boss!" Everyone responded solemnly with a solemn expression.
"This time, it will be a three-city collaboration, so everyone, let's compete!
I've never been a shy person, this time the "icebreaker", the team with a higher income than the first will get 5% of its income as a bonus!
I have given you the opportunity to become a rich man. Whether you can grasp it depends on your own! "
"Ah, long live the boss!"
"God, I love you, boss!" ...
As soon as Andy's incentive plan came out, everyone in the entire conference room was glowing with green eyes, and started yelling excitedly. Andy shook his head with a smile and shut down the video, then picked up the phone and notified Bardstone , Alvitrie and the team in the foot basin, the same excitement, shouting the first belongs to them.
Andy's mouth is upturned, and he has been trained to be full of wolves. The greedy group will bring him a bumper harvest.
The reason why they are used to spur them this time is mainly because the foreign exchange market is a 24-hour non-stop market. The most obvious difference from other trading markets is the continuity in time and the unconstrained space!
Don't use heavy profits, how can they desperately waste no one second and make money for themselves?
Similarly, Zhongli is also the most effective way to retain talents and cultivate disciples of your own company. Look at mg chase, mg stanley, goldman sachs ...
Wherever the disciples they smashed with heavy profits went, they would not forget their origin, and use this as their superior capital, and they would always give back to these companies.
Such as the current Treasury Secretary Paulson, Federal Reserve Chairman Bernanke, the next Treasury Secretary Geithner ...