1novels Chapter 248 Planning for a rainy day
Chapter 248 Planning for a rainy day
As a time-traveling person and an investment banker in his previous life, everyone in Jedby knows how much damage the subprime mortgage crisis has brought to the United States and Europe.As long as he operates properly, Jed can take advantage of the subprime mortgage crisis to make a fortune, but Jed knows one thing very well.The U.S. government will not gossip about how I have been tossing about Southeast Asia and Japan, but if I dare to make up my mind on the United States, obvious departments such as the Ministry of Finance and the Internal Revenue Service will come to trouble me.What's more, the Morgan family, one of the two major families in the United States, is a well-known patriotic family. If you dare to join the United States at this time, I am afraid that the Morgan family will try their best to eliminate themselves.Therefore, Jed can only take advantage of the opportunity to absorb some blue-chip stocks like the "September [-] Crisis" back then. As for shorting or something, it's better not to be caught by the tail.
Jade left China from Shanghai, but he was arrested by Shanghai to do a program the day before he left China.In fact, Jed originally planned to decline, but the TV channel that invited Jed this time is China Business News.This is the cooperative channel of BC Channel in China, and BC is a financial news channel jointly created by Jade’s Warner Oriental Broadcasting Group and NBC Universal Group, so Jed had to give his TV station a little face and agreed to participate in the one-hour program recording .It's just that after the recording of the show, Jed's journey home the next day was extremely tiring.
John couldn't help but said distressedly: "I think it's time for you to consider retirement."
Hearing the word "retirement", Jed laughed, "How old am I? If I say I want to retire, the two old foxes, Murdoch and Redstone, will definitely come and trouble me. Let alone , if there are only a group of old men left in the world's media circle, wouldn't it be too lonely? However, the management structure planned by Boston Consulting Group and McKinsey & Company will be completed soon, and I will basically be able to get out of it after another year or two of trial Come out. Then we can live a real family life with our kids at home on Hockey Lane! Alas, I actually find this ordinary life is too much luxury for us.”
The voyage across the Pacific Ocean was actually quite easy. After returning to Los Angeles and making some corrections, a number of vehicles suddenly came to the Sherman Mansion in Beverly Hills.Although the Sherman mansion is the focus of many paparazzi, the license plates of these cars are very unknown, and the windows are very opaque, and the paparazzi did not take any useful photos.
The people sitting in these cars are actually Jade's core investment backbone, and they are the elites Jade trained from Huamei Investment Bank.After the September [-]th crisis, Jed established Mercury investment funds with himself as the core. The reason why he chose the name Mercury is that Mercury means Hermes in English, and Hermes is Greek mythology. The patron saint of Chinese merchants.
"This is all the secret information I can collect. At present, it seems that the US economy has begun to experience trouble." The information in Jed's hand comes from the secret information of the Ministry of Finance, the Securities Regulatory Commission and the Federal Reserve, but with Jed's current means And funds, it is not difficult to get these secrets.
"If there is no miscalculation, the next financial crisis in the United States will start with subprime loans. This even reminds me of the Japanese housing bubble in the 90s. If the US government is not careful enough, Japan's economic recession for more than ten years may be the same. It’s going to be on our heads. The purpose of my convening everyone is, how can we avoid risks in this crisis, and in addition, we can make more money while avoiding risks.”
Those who can participate in Jed's conference are either investment elites or economic geniuses. They have already felt the crisis in the US economy earlier than most people.With the information provided by Jade as proof, everyone already understands that a new round of economic crisis in the United States is expected to be inevitable.
As the chief investment advisor of Mercury Investment Fund, Jeffrey Thomson thought for a while, and said: "Mr. Sherman still means the same as '[-]/[-]'? We try not to short the US dollar and the US stock market and futures index Then take advantage of the US federal government's rescue of the market to make money? If so, my suggestion is to absorb the corporate bonds and shares of Fannie Mae and Freddie Mac at the time of the trough. The bonds of the two rooms have always been It is a very stable investment product in the international bond market. Although the subprime mortgage crisis will cause a payment crisis for these two bonds, the U.S. federal government will definitely not sit idly by. We can take advantage of bargain hunting when others are selling. At that time, it can be regarded as our Mercury Fund's 'ballast stock'. In addition to the bonds of Freddie and Freddie, it is also a good investment method to take advantage of the opportunity to absorb some short-term and medium-term US treasury bonds."
"The U.S. national debt is not the time yet." Jed discouraged Jeffrey's suggestion, because he knew that the real low point of the U.S. national debt was after the U.S. Congress had conflicts about bailing out the market.
Because of the U.S. ruling and opposition crisis, the U.S. sovereign credit rating has been lowered. That is when U.S. national debt collapses, and that is the best time to buy U.S. national debt.
"This economic crisis must be blamed on the Republican Party. Coupled with Americans' nostalgia for Clinton, this economic crisis can basically ensure that the Democratic Party will enter the White House. But I think Americans would rather accept a black president. Will not accept a woman president, if so, without the support of the Clinton family, trust in the Democratic government's grasp of the economy will definitely be discounted. If the usual methods are used, it will only make the rich richer and the poor poorer. By then I will I believe that there will be an extreme conservative political trend in the United States. They will not understand that politics is the art of compromise like the two parties. They will only oppose for the sake of opposition. You also know that in order to survive the financial crisis, the government may need to lose face. Several times. But I think these ultra-conservative forces will not pass, so what will happen to the sovereign credit of the United States? You can imagine that the US Congress suddenly refuses to pay the national debt, so what will happen to our sovereign credit? If the sovereign credit is reduced, So what happens to our national debt?"
"Sir, what you describe may be terrible!" People like Jeffrey Rao did not expect that the United States would one day be downgraded by its sovereign credit rating.But what he couldn't deny was that the reasoning given by Jed was indeed possible and logical.
"Think about it, everyone, what would happen if the situation I mentioned happened?" After speaking, Jed left the meeting room.
"Sir, this is an invitation letter from the Hollywood Historical Trust." Kenny, the new butler of the Sherman Mansion, dutifully handed over a very important letter to Jed, "They want to confirm with you , are you interested in leaving your name on the Hollywood Walk of Fame? According to their selection, you will get three signs of camera, phonograph and TV."
"I see." Jed took the letter.
The name of the Hollywood Walk of Fame is naturally heard by everyone. Although these stars are managed by the Hollywood Walk of Fame Selection Committee, in fact it is the Hollywood History Foundation that controls all this.If you want to get a star, you must pay a fee to this foundation.Of course, this fee will be claimed to be used for restoration and promotion of Hollywood history.In fact, to put it bluntly, the stars on the Hollywood Walk of Fame are a kind of industry promotion behavior.It's just that the threshold for this advertisement is very high, and non-elite people are not allowed to participate.
Jed didn't have much interest in this honor at first. Although Jed has become very serious, he still has a little traditional Chinese concept in his heart.In Jed's opinion, if one really wants to be famous, one should erect a stele and pass it on. How can anyone put his name on the street and be trampled on?
But John reminded: "Honey, this is not just your honor? This is the honor of the entire Sherman Entertainment Group, understand? If you don't take this star, then your Jafei, Lan Xin, Mai Ruibo and others, who dares to take the star? If you don’t like the star, forget it, don’t block their way.”
Under John's reminder, Jed had no choice but to authorize his secretary to write a warm thank you letter, thanking the selection committee for the Hollywood Walk of Fame for their love, and at the same time donating a sum of up to [-] US dollars to the Hollywood History Foundation. As a result, my nomination work was expedited in a "special way".
Although Jed has many enemies in the entertainment industry, no one denies Jed's contribution to the entertainment industry.Not to mention the achievements of film works, the promotion of IMAX technology and true natural sound technology alone is enough to make Jed be remembered by the entire film industry; the achievements on TV are even more remarkable. Jade has made indelible contributions both in technology and public opinion, and some books even directly call Jade "the father of American digital television" or "the father of American high-definition television"; It is not as eye-catching as the above two aspects, but it is enough to make other record companies envy and hate because they have discovered the three minor days of the American pop music scene and monopolized 10% of the US record sales.
When the "Hollywood Reporter" authorized the report on Jade's recognition on the Walk of Fame, many people in the entertainment industry congratulated him one after another. Many people said that the recognition came too slowly.
Just after the "Hollywood Reporter" hyped the news that Jed was affirmed by Hollywood, the "Washington Post" also followed suit and broke the news, "White House sources revealed that Jed Sherman may receive the Presidential Citizenship Medal."
When Jed saw the news, he was taken aback.The U.S. Presidential Citizens Medal is the second highest medal that American civilians can receive, and the highest is the U.S. Presidential Medal of Freedom and the U.S. Congressional Gold Medal.It's not that this medal is so rare, but that this medal is rarely awarded to some rich people, the only exception being old Morgan back then.That was also a reward for his insistence on buying U.S. Treasury bonds during the most difficult time for the U.S. economy and avoiding the bankruptcy of the U.S. government.
Generally, this kind of medal does not want to be associated with rich people because the issuer wants to avoid some bad associations, such as whether this person is the president's benefactor or something.But Jed, as a liberal, obviously has nothing to do with Bush Jr., a conservative Republican.Therefore, many media believed that the "Washington Post" was hyping the news, but at the White House press conference the next day, the White House press secretary confirmed: "Yes, Your Excellency did decide to award Mr. Jed Sherman the Presidential Citizenship Medal, At the same time, Mr. Jed Sherman will be invited to attend the inauguration of His Excellency the President next year. As for the reasons for awarding the medal, you can pay attention to the White House’s release later.”
Not only did Jed have a headache this time, but American analysts also dropped their jaws in shock as if seeing Godzilla land in New York.