The Son of Finance of the Great Age

  Chapter 741 The Curtain Opens (2)

"I've studied it carefully, and in December the Greek government will announce its fiscal position, with a new record deficit expected. If we are going to launch, the timing will be perfect. Now there is only one question, who Can the three major rating agencies lower Greece’s national debt rating?”

Zhong Shi looked at the people around him with burning eyes, and said seriously, "You guys are local snakes. Compared with me, I have too many opportunities to deal with them. So in this case, among you Who would be more appropriate to come forward?"

   "I am very familiar with the S&P!"

   After a moment of contemplation, Paulson volunteered, "Leave it on me, and make sure they lower the credit rating of the Greek government as soon as possible."

  The eyes of everyone looked over immediately.

We must know that the key to the authority of the rating agency lies in its independence. Only an objective and neutral evaluation system and rigorous and accurate conclusions can be unanimously recognized by the market, so that the reputation can be slowly built up, and then there is no second opinion. authoritative.

  If it can be manipulated and influenced at will, the authority of rating agencies will disappear. So when Paulson said this, other people who didn't know the inside story were quite surprised.

   "Actually, things are not as complicated as you think. This matter is completely possible!"

Seeing everyone's surprised eyes, Paulson curled his lips triumphantly, and said coquettishly, "Everyone remember that I once sold CDOs aggressively, do you know how these CDOs were sold? Simply put, I am with Goodman made such a large deal, but they were unwilling to take risks, so they contacted Standard & Poor's in private to raise or maintain the credit rating of these junk bonds at a higher level, and it went smoothly fully transfer the risk out.”

   "There is such a thing?"

  The crowd immediately changed their colors. This kind of thing is obviously beyond their cognition. Even though they have been in the market for a long time, they have never heard of this kind of thing.

  Thinking that they still have a lot of dependence on rating agencies, these people can't help but feel their scalps go numb.

   "Why do you think I keep so many analysts?"

Sensing the changed faces of everyone, Paulson said proudly, "Some of you rely heavily on the research and analysis of investment banks and the conclusions of rating agencies, but I discovered very early on that these things are being manipulated. The possibility. So the safest way is to investigate and analyze by yourself, and use first-hand data to prove your guess, which is the most reliable!"

"Seeing that before the real estate market collapsed, no investment bank dared to make such a conclusion. Do you think their analysts can't see it? It's just because they are also a community of interests. If they publish a conclusion that is not conducive to CDO or subprime debt, they will also lose. Disastrous. They spend a lot of money bribing the rating agencies to do so, hoping that the crisis doesn't happen or delays it."

At this point, Paulson spread his hands and shrugged, "Now everyone understands what's going on? The most important thing is that the SEC is currently investigating the matter of the CDO, and Goodman is their key monitoring target." , I believe that the whole matter will be exposed in a short time. Of course, the possibility of reconciliation in the end is the greatest. But before that, we just take advantage of this information, so everyone will be happy, haha."

"what do you mean…"

  Dairio stared at Paulson for a long while if he realized something, before uttering a word, "Threat?"

   "No, no, no!"

Paulson shook his head like a rattle, "It's not just a threat, but also a lure. Besides, in a small, distant country, institutions like Standard & Poor's and Moody's will never compete with us for their sake. The most important point is , Their credit rating is really not good. I think after weighing it, they will make the right choice."

"I understand!"

   Now that Delio fully understood, he turned his head and said to Zhong Shi, "Since this is the case, then I will be responsible for fixing Moody."

   "There is another Fitch, who will handle it?"

   No one spoke, but everyone's eyes turned to Jim Chanos, a man who spoke few words but carried a lot of weight.

Zhong Shi didn't know, but everyone else knew that among the people present, Jim Chanos and Fitch had a very good relationship. Several times when Jim Chanos made high-profile short positions, Fitch was the first to stand up support him.

   As for the relationship between the two, everyone wisely did not inquire. But based on what Paulson said, the crowd is not hard to imagine.

   "I'll do it!"

  Jim Chanos was also aware of everyone's thoughts, and agreed very simply, "No problem!"

   "Okay, now we have formulated the first step strategy, and the next step is the issue of investment varieties!"

Seeing that the problem was solved in this way, Zhong Shi was very excited. This group of people is indeed very energetic. If it were him, it would probably take a lot of time to get it done. Now it is all done in just a few words. This made him breathe a sigh of relief, "As for the varieties we are shorting, as well as the target price and possible problems, although it is too early to talk about these so far, we must be prepared."

   "Gold, Treasuries, and Euros!"

Zhong Shi went on to say, “With regard to gold, we have already made a preliminary layout, but the two companies in Canada and the United States, the gold producers ranking first and second in terms of output, do we need to get in touch, maybe if necessary Time to create a little trouble? And in terms of foreign exchange, how should we operate, after all, the economic aggregate of the entire euro zone is too large, and if the European Central Bank’s economic policy bets, it is also a big problem. In terms of bonds, There are similar considerations."

   They have already given full consideration to the short-selling targets. Gold, the euro, treasury bonds, stock markets, commodity futures, etc. are all their targets. Among them, the gold, euro-dollar foreign exchange and national debt markets are the largest and most able to obtain the maximum profit, so they have become the targets they focus on.

   "In terms of gold, I will keep in touch with American companies!"

   Everyone fell silent for a while, and it took a long time for Ackerman to volunteer, "When necessary, some problems may arise in some of their production areas. You must know that the security environment in South America is not very good."

  As soon as they heard this, there were knowing smiles on the faces of everyone.

"In terms of bonds, we will keep in touch with Pacific Asset Management and borrow enough bonds through them. In addition, Goodman and Stanley may also join in some form, maybe just a few analysts, but I It is guaranteed that they will not enter our inner circle."

David Einhorn said lightly. When he saw everyone's eyes on him, he asked in surprise, "Don't look at me like that, don't you think that among the top investment banks, few of you are inclined to your own analysis? Teacher? If this kind of resource is not used now, when will we have to wait?"

  Another character pretending to be a pig and eating a tiger, everyone sighed inwardly.

   "Okay, there's only one foreign exchange question left!"

Zhong Shi nodded approvingly, and the problems were solved one after another, which made him very satisfied, "The foreign exchange problem is basically linked to several others. Shake to a certain extent, it depends on the situation. But before that, I suggest that you increase your positions on the US dollar and be short on the euro, because once the whole plan is launched, we may not have time to face the changes in the situation. There are too many variables. Regarding this point, we each decide according to the amount of funds, and we don’t need to inform each other about the specific amount.”

  Even though they have their own division of labor, these people are still on guard against each other, so Zhong Shi's proposal was passed without a doubt.

   "Okay, no problem now!"

   Seeing everyone nodding their heads in agreement, Zhong Shi clapped his hands in satisfaction, "Everyone go back and get ready, and keep in touch by phone at any time!"

   "Wait, we all have a division of labor, what are you going to do?"

Seeing that Zhong Shi issued the order to evict guests, Delio looked at Zhong Shi suspiciously, and asked in puzzlement, "Although the situation in Europe is basically clear now, and we have a division of labor, at this time, as At the core, if you are doing nothing, it seems inappropriate. Another thing, did you forget to explain why Tianyu Fund has been extremely active in the European bond market recently?"

"What do you mean?"

  Hearing the questioning meaning in his words, Zhong Shi's face suddenly sank, and he asked displeasedly, "Are you implying that I have betrayed everyone?"

  Hearing the conversation between the two, the others stopped and their ears pricked up involuntarily.

  If one of them betrays the entire alliance, it can be said that the consequences will be disastrous. In such a situation that is related to their own safety, everyone can't help but think twice.

  As for the only foreigner, he was naturally considered the one most likely to betray him. That's why Zhong Shi's attitude was extremely serious.

   "You mean the Greek national debt?"

Zhong Shi said solemnly, "When we were dealing with the Bank of England, we bought part of their Greek bonds. No, simply borrowed their bonds. This happened a year ago. Are you sure you want to pursue it?"

"what?"

  As soon as they heard what Zhong Shi said, everyone's expressions changed one after another.

  Since Zhong Shi said so, it is naturally true. No one doubts this. But from Zhong Shi's words, everyone can easily draw a conclusion that Zhong Shi has long been bearish on the Greek economy, which is far beyond any of them. That's what shocked them so much.

   "So it is!"

  The corners of Delio's mouth twitched suddenly, and it took a while before he replied with a wry smile, "I'm really sorry, I misunderstood you. I thought..."

  Zhong Shi took a deep look at the other party, and said lightly: "Besides, you think I have nothing to do? It's just that I won't tell you. As for what I will do, you just wait and see the news!"

  Although his words were not serious, the dissatisfaction and sternness in his tone were clear. Dairio's face immediately changed, he smiled self-deprecatingly, and then left without looking back.

   Seeing that there was no excitement, the others also left in twos and threes.

   "What's happened to Soros recently?"

   Paulson stayed because Zhong Shi gave him a wink just now. After everyone left, Zhong Shi asked leisurely, "It seems that there has been no news about him recently."

   "I don't know what he's doing either!"

  Paulson spread his hands, and said helplessly, "They seem to have disappeared, and even Wall Street and their best-friended reporters have not gotten any news. I don't think they have the energy to deal with the outside media at all."

"hope so!"

  Zhong Shi curled his lips, "I always have a bad feeling in my heart that Soros will ruin our major event, which makes me feel very uncomfortable!"

  Although this was just a premonition, the later developments confirmed Zhong Shi’s idea. It was precisely because of Soros’s whistleblowing that Zhong Shi was imprisoned and almost became a victim of the game between Europe and the United States.

   Thanks to book friends Lao Nafahao Takong, Jingjing's Binbin, and four-oclock for voting monthly! Thanks to the electromagnetist for the reward! It's the end of the month, and I hope you will continue to support me!

  (end of this chapter)