MTL - The Son of Finance of the Great Age-Chapter 924 Make a big splash (end)

  Chapter 924 Raising momentum (final)

   As soon as he said a word, the four looked sideways.

  In the hedge fund industry, exposing one's own direction and position is very dangerous, and it is tantamount to giving others a dagger. Although most of the people here do not have the strength to shake Tianyu Fund, but based on the unspoken rules of the industry, they have a high degree of vigilance against this issue.

   But on the other hand, they were full of infinite desire for Zhong Shi's answer. You must know that this is the operation direction of a legendary manager. Although they don't have to follow suit, the answer to this question can also bring them great inspiration, and it is not impossible to make huge profits from it.

Zhong Shi on the stage didn't change his expression, he just paused for a moment, then said with a smile: "I want to explain this issue in my speech. But now I can tell you something first, that the issue of this issue is The answer can be either yes or no.”

  Everyone was at a loss for a moment, and did not speak for a while.

   What kind of answer is this? No matter how hard they racked their brains, they might not be able to figure out why. With such heart-wrenching questions, they had no choice but to listen to Zhong Shi's speech.

   "I have another question!"

  However, the hedge fund manager didn't seem to give up, but asked another question, "I heard that Tianyu Fund was the one who killed the Evergreen Fund. Is that true?"

  Everyone looked sideways again, this time because his behavior was already a bit impolite.

Seeming to feel the dissatisfaction of the crowd, the tall fund manager shrugged and explained the reason, "I was a trader of the Evergreen Fund back then. After the fund closed, I started my own business. I want to thank the defeated If it wasn’t for the person from the Never Withered Flowers Fund, maybe I wouldn’t have had the chance to attend this meeting today.”

  Everyone suddenly realized.

"yes?"

Looking at the other party, Zhong Shi smiled disapprovingly, and said humorously, "As for the Evergreen Fund, I was just paying attention to their behavior of manipulating the market, and I wanted to take this opportunity to make a name for Tianyu Fund in North America. Who doesn't want it to be so fragile, it just went through a little wave and fell apart, which is not my intention."

  Hearing his answer, everyone grinned, but their hearts were filled with trepidation, because Zhong Shi said that the blow to the No Withered Flower Fund was just a matter of chance, not deliberate. Even so, a fund close to tens of billions of dollars was declared liquidated.

  If Zhong Shi aimed at them present, how many people would be able to resist it! Everyone pondered for a while, then stopped laughing at the same time.

   "Well, there should be no problem, right?"

   After the laughter ended, Zhong Shi looked around and said, "Can we start the speech now?"

   Everyone naturally has no opinion.

   "Regarding Europe, the debt crisis is a ticking time bomb!"

Zhong Shi's first sentence made everyone's hearts tremble, but the following content surprised them, "But if this bomb is not detonated in time, the longer it is delayed, the less effective this bomb will be. "

"Gentlemen, you should know that when the debt crisis was raging, Europe set up a rescue mechanism and jointly established a fund with a scale close to one trillion euros with the IMF to rescue those countries. So far, there are three countries: Greece, Ireland and Portugal. The country was bailed out, and the debt crisis calmed down temporarily."

"Except for the fact that Greece is constantly making troubles because of its national character, others, such as Ireland and Portugal, are gradually getting on the right track. Of course, if we want to see results in a real way, I'm afraid it will take some time. But What is certain is that these two countries will return to the international debt market at least two or three years, and at most four or five years."

"The effect is already there, and I believe everyone can see it. The consequence is that both the market and the European government have greatly increased confidence in this rescue fund, and no one will doubt the effectiveness of this rescue model. , even if there is a debt crisis in Italy or Spain, even if their economies are much larger than Ireland and Portugal. This is why I say that the longer the debt crisis bombs, the less effective it will be.”

"In order to boost the European economy, the European Central Bank will take many other actions besides releasing liquidity. Only in this way can the debt crisis be solved fundamentally. According to my analysis, I think they may significantly increase the Lower interest rates on the euro, and even adopt negative interest rates on additional margins in Europe to release liquidity, and do not even rule out the implementation of QE policies in extreme cases.”

"As long as Europe's economic growth picks up a little bit, the debt crisis in this region is out of the question. So if you want to profit from shorting Italian or Spanish bonds, the best time is now. But gentlemen, this matter is not A single one can cause a chain reaction."

"I'm going to make a bold prediction here that as the rating agencies and the market continue to put pressure on Italian or Spanish bonds, the pressure on the entire European Central Bank will also increase. Until a certain point, they will announce that they will The support measures in Italy or Spain, I think the whole situation will be reversed at that time. After all, there are successful precedents for rescue. Not only the bonds of these countries, but also the capital markets of these countries will have a substantial growth. This is the confidence effect!"

   "In addition, there is another most important factor. I would like to ask everyone here to guess what it is?"

  Speaking of this, Zhong Shi deliberately put on a trick, and asked the people below who were listening intently, "I believe this question should not be difficult for everyone."

  Frankly speaking, Zhong Shi’s speech did not involve too many terms. After all, everyone is an expert, and it is impossible to use some mysterious terms to deceive. He was just explaining his own ideas of operation, and used it as a reference for everyone.

   Until now, he has not said a word of incitement.

   "It's Euros!"

  The fund managers in the audience quickly gave the answer, and there are many smart people among them.

   "That's right, it's the Euro!"

Zhong Shi nodded approvingly, "It can be said that during this period of time, the main fluctuations in the euro are caused by the debt crisis. When the Italian or Spanish national debt crisis occurs, the euro will bear heavy pressure from the whole world, but as long as If the European government takes action, it will have a very big boost to the euro. I think even without leverage, it should make a lot of profits.”

   "So it is!"

  Some people in the audience have gradually understood the meaning of Zhong Shi's answer just now. That is to say, the voice of shorting Italian or Spanish bonds is just a cover, and the real target is the euro.

   It is not surprising that the leverage that can be borrowed on bonds is limited, but in the form of currency, it is easy to achieve leverage of ten times or even hundreds of times. And once you bet on the right direction, the benefits will be very considerable.

   “I did it for a very real reason!”

  While attacking European bonds, shorting the euro is not a too unexpected operation. But this kind of reverse thinking and heavy betting on the rebound has opened the eyes of many hedge fund managers. Seeing everyone's expressions, Zhong Shi nodded with satisfaction, and continued to explain, "As for the debt crisis, I think the top leaders in Europe have reached a consensus, that is, to carry out rescue as soon as possible. So I don't know when and what kind of rescue they will do. It may be tomorrow, next week, or next month, but no matter what, this speed will far exceed the previous speed. In this case, once you bet in the wrong direction, you may even turn around There is not even time to close positions.”

"In addition, there is another point that deserves special attention. Once Europe takes action, the bond prices of these countries will rise accordingly, because the risk of default will be greatly reduced, and it will even rise to a higher level than before. Gentlemen , I believe you will not miss this profit, right!"

  Everyone thought about it, and it was true.

  Faced with one attack after another, even if the leaders of Europe are pedantic, they probably know the truth of the imminent urgency. Once the European central bank or rescue fund intervenes, the situation is very likely to be reversed in an instant, and at that time, whether it is stocks, bonds or the euro, there may be a high probability of rebound. At that time, those who are short may not even have time to cry.

Most of the people present can think of shorting bonds or even the euro, and many people will think of grabbing the opportunity of a rebound, but few people would have thought that there will be such subtleties in the process of falling and rebounding, and even be able to Affects the strategy and level of risk of the operation.

   This is where Zhongshi excels.

  As soon as they figured out this mystery, all the people present were overwhelmed, and once again stood up spontaneously and applauded Zhongshi warmly.

  Ordinary hedge fund managers analyze events, generally starting from the macroeconomic environment, and then deriving to specific product trends. But Zhong Shi's brilliance is that he not only thought of all these, but also thought of the most critical influencing factors, and was able to judge the most likely outcome of the struggle among these factors. Although his judgment cannot be foolproof, it is much more reliable than what those fund managers thought out by themselves in terms of logic and operability.

  I believe that there are already many people eager to fight in the audience.

   "One more question, Mr. Zhong, we want to know whether the Tianyu Fund has taken action now?"

However, in the midst of the frenzy, some people still maintained a rare calmness. Among them, a hedge fund manager with a short stature and ordinary appearance stood up and asked Zhong Shi in a sharp voice, "If possible, can you reveal a little bit Can you tell us your position?"

  Hearing his words, everyone immediately fell silent. Indeed, as he said, the whole thing would be very suspicious if Chung-shik hadn't made an entry operation.

   "Of course no problem!"

Zhong Shi thought for a while before giving the answer, "Frankly speaking, Tianyu Fund has entered the euro market, and it has entered in the form of spot. As for the position, I can tell you that this is what I have done. The largest transaction, the spot position alone reached hundreds of billions of dollars."

  When the words "hundreds of billions of dollars" came out, there was a sensation in the audience.

  Although these fund managers say that they have never managed "hundreds of billions of dollars" of funds, at some point, they can reach tens of billions of dollars in assets by increasing leverage. However, the scale of hundreds of billions of dollars in cash is completely incomparable with leveraged funds, which means that every amount of money is real money.

  Investing such a large amount of money, what doubts do you have? At that moment, everyone's doubts disappeared, and there was no doubt about Zhong Shi anymore.

  But they ignored the fact that Zhongshi only said that he spent hundreds of billions of dollars in the euro market, but did not indicate whether he was long or short.

I have been talking about multi-euro before, and now I am throwing out the use of "spots of hundreds of billions of dollars". Everyone naturally takes it for granted that Zhong Shi is doing long euros, so that no one thinks of asking the question of the direction of operation. Blind spots in thinking.

  After skillfully making use of this blind spot, Zhong Shi let out a long sigh of relief in his heart. When he saw the people below discussing enthusiastically, he knew that his campaign had succeeded.

   Thanks to book friends Ouyang Shuiyang, momoko12, book friends 150716211746461, 13971545012, 17953018, and voted monthly with **yuan! The update is not strong enough, I am sorry to talk about asking for votes, I just hope that everyone can continue to support for the sake of the author's difficulty, thank you very much~

  (end of this chapter)