America's Road to Wealth
Chapter 191 Abel who "colludes" with the White House
Chapter 191 Abel who "colludes" with the White House
".Yes."
Jinna responded softly to Abel.
It has been almost 20 years since she came to the United States.
For the first 25 years of her life.
She has been serving that kingdom.
Something happened later, she was regarded as a traitor and wanted to kill her internally.
She had to flee, through Eastern Europe, Western Europe, and eventually the United States.
When she first came to the United States, she had nothing but secret service skills and good looks.
At that time, she could only obtain living supplies by selling her hue.
But because I don’t have an identity, or in the beginning, my identity was more sensitive.
Even if she makes money selling meat, she can only sell it at the low end.
It sold too much in that kind of place, and her body was disabled.
Fortunately, at that time, that powerful country collapsed.
The identity that had troubled her for many years finally didn't bother her that much.
She got a relatively normal life.
After that, she gradually took her family over from the motherland.
Also got married a few years ago and had a baby.
Last year, he was approached by rock security guards.
She was recruited into Rock Security, and only then did she come to Anne's side.
If it weren't for Abel's words, Jin Na would have almost forgotten the name of her motherland.
Abel didn't know that Jinna was feeling so much in her heart at the moment.
He just thought that Jin Na had done a good job with Annie's matter before.
He's free again now.
I just want to say a few words of encouragement and buy people's hearts.
Abel's job content is mainly to serve himself.
At the same time, these bodyguards and servants who are very close to him.
His attitude has always been good.
He has considered benefits, salaries, and even the treatment of these people's family members.
He doesn't want to guard against day and night, and it's hard to guard against house thieves.
After all, in a sense, these bodyguards and servants around him are the ones who are most likely to cause physical harm to him.
to these people.
In addition to his preferential treatment in terms of money and welfare benefits.
He has always tried his best to be amiable and treat them with a friendly attitude.
When I am free and in the mood, I will occasionally win over the relationship.
This is also the reason why Edward is so trusted by him.
The first two are fellow villagers, and the second Edward's farm is very close to Smith's farm, even the farm next door.
Third, Abel has planned to let Smith Farm buy Edward's family's farm.
The price was very high, and Edward's father had agreed.
In the future, Edward's family will also start working for Abel.
Just like now, Jin Na beside Annie also belongs to the people around her in this range.
Abel is in a good mood today, and Annie is still watching TV stupidly.
He just wanted to have a few words with Jin Na to promote the relationship between the two parties.
To use the terminology in the game, he wanted to increase Jinna's "loyalty".
"Kaksa Republic, that should be a good place." Abel said with a smile.
How did he know if it was a good place.
In his mind, there were a bunch of Stans there.
And a bunch of less aggressive greens.
There is also oil and gas, plus the impression of grasslands, herding sheep, etc.
Let alone an American.
Even for Chinese people, that place is actually relatively unfamiliar.
"Yes." Everyone has different feelings for their hometown and motherland.
Unless it is a natural reproductive person.
Jin Na said softly: "It is indeed a very beautiful and warm country."
After talking like this for a few words, Abel didn't know how to continue the chat.
The main reason is that the gap between him and Jin Na is too great.
He simply cared about her life.
"Is the family okay? I remember your mother, brother, and they all went to Texas?"
Abel smiled.
The people who work around him are mainly bodyguards, chefs, servants and the like.
These are more personal staff.
Their families are usually sent to Texas.
Don't get me wrong, going there is not going to jail.
Go there and the families of these people can have a better life.
Whether it's Smith Farm, or the Rock Security Headquarters under construction.
In these places, family members of bodyguards live and work.
The life they lived was almost like a paradise.
Abel arranged hospitals, schools, jobs for them.
There are also incomes that are far higher than the median annual income of the average American.
Except you can't live in a big city.
What normal American families can enjoy, they can also enjoy.
Of course.
There, their family members naturally also have a certain role as hostages.
Because of this, the daily expenses of rock security are so exaggerated.
Abel almost built a new town on Sunny Mountain Farm.
The residents of the town are all related to the rock security staff.
Either they are employees of the company themselves, or they are family members of company employees.
Jin Na's family members also work and live there.
"Good day," Jinna said gratefully.
As a former member of that country, after the country was broken.
These small countries are worse off than the other, and many of them are struggling on the line of food and clothing.
Before Jin Na took the family back from the motherland, the family lived in poverty.
But after taking over, she herself has no diploma, and her professional skills are not very suitable for society.
The whole family here is having a hard time.
Until she entered the rock security and became Anne's personal bodyguard.
The lives of her and her family have undergone earth-shaking changes.
In the small town of Sunnis, her family finally lived a life where they could eat meat and vegetables every day.
Medical care and education are guaranteed, and you can have a good life with sufficient savings.
For this, Jin Na, who had been severely beaten by life, was naturally very grateful.
Seeing her like this, Abel also felt that this method of raising his family as hostages while cultivating his own true confidants.
At present, the cost is a bit high.
But it works well.
At least as far as he knew, Jin Na's older brother and younger brother both had children.
These children are all about ten years old, and they will be trained a little later.
It is possible to enter the rock security.Or work in other companies of similar nature.
In another ten or twenty years, such a group of young people who are similar to "children born at home" will grow up.
Then he felt that in all aspects, he would really not be short of people.
Abel chatted with her a few more words about family matters, and had planned to end it like this.
Unexpectedly, when Jin Na was about to finish, she anxiously made a small request.
She said that her uncle's family also wanted to come to the United States, and she wanted the company to issue a work visa to her uncle.
It was just a small request for Abel, and he asked Edward to keep an eye on it and get it over with.
Only then did he end his, not very mature way of winning people's hearts.
When leaving the small room and walking into the living room.
Annie, who was holding an empty potato chip tube and was about to throw it in the trash, saw him.
She let out a cry of surprise, and wanted to rush over to hug him.
Abel pushed away with a look of disgust, "Hey, the smell of potato chips and potato chip crumbs all over~ Go wash and wipe!"
"Haha~" Annie laughed happily, and went to the room obediently.
After waiting for about half an hour.
When Annie came out, she had already changed into a set of clothes and put on light makeup.
She looks delicate and beautiful like this.
Combined with the vitality of a young girl, it gives Abel a youthful and invincible feeling.
"It's snowing outside again, so cold. If you don't go out, why do you put on makeup?" Abel smiled and hugged her, lying on the sofa that had been cleaned up.
"I didn't even know you were coming." Annie said coquettishly:
"If I knew you were coming, I wouldn't be so sloppy! I hope you can see me, always beautiful and beautiful!"
"mua!"
Abel kissed her face, now covered in collagen, hard.
"I think you've always been so beautiful. Even without makeup."
Not long after Anne Hathaway turned eighteen, she was at the most beautiful time in the life of the big ocean horse.
Abel was right when he said she was beautiful without makeup.
The two laughed and fought again.
It's just fighting and fighting, the clothes are getting less and less noisy, and the more noisy and less
In the living room, Annie began to hum and hum.
Meowing like a cat.
In this way, Abel's time passed in his continuous trips to and from Smith Building, Carnegie Hill Building, and No. [-] Thirteenth Road, New York.
Soon, January 2001, 1 arrived.
On this day, a great event happened in the United States.
That is the new owner of the white house finally moved in.
1 month 3 day.
A major event has also taken place in the US economic circles, and even in the global economic circles.
That was the Fed, taking an emergency action.
It announced a rate cut of 50 basis points on this day.
The interest rate was reduced from 6.5% to 6%.
This kind of unconventional rate cut by the Fed is very rare.
It's only happened a few times in the past 30 years.
The most recent time was three years ago in 1998.
That time was the sovereign debt default of the bear country, and the Dow Jones index fell 11.5% in three days.
The Federal Reserve cut interest rates by 25 basis points at that time, releasing a large amount of dollars to rescue the market.
The explanation given by the Federal Reserve for this extra-regular interest rate cut is a rescue method because of the bursting of the Internet bubble last year.
The "New York Times" commented on the same day that this was a "strong signal" sent by Greenspan in order to maintain the long-term continued growth of the US economy.
Reflected in the capital market, that is the dollar began to depreciate.
Reflected in the international foreign exchange market, the currency pair USD/JPY began to go short.
at the same time.
The Wall Street giants who have been paying attention to the Smith Tower.
At this time, they found a little girl with a sensitive identity.
Under the leadership of Abel Smith, he entered and exited the Smith Building many times.
The little girl's name was Laura Bush Lauren.
Before November last year, not many people in the United States knew her name and identity.
Those who are not interested in knowing.
Available after November last year.
Many capitalists and entrepreneurs in the United States have seen her name and identity on a list.
Her presence at Smith Towers, coupled with an emergency rate cut from the Fed's regular rate cuts.
This immediately made those giants on Wall Street who are long USD/JPY a little bit flustered.
In Merrill Lynch.
in the trading department.
After Stanley O'Neill learned of these two news in a row.
He was so angry that he smashed a computer keyboard in front of him into two pieces.
The most powerful black president on Wall Street couldn't help but growl:
"This is cheating! Cheating! This is unscrupulous cheating!!"
Charlie Schaff also looked at Stanley O'Neill with some concern.
The CFO of Merrill Lynch knows why Stanley O'Neill said that.
Because where in the world is there such a coincidence.
On the same day, the Federal Reserve just announced an emergency rate cut.
The little girl from the bush family who just entered the White House appeared in the Smith Building.
The point is that at this time, Smith Capital is betting against many Wall Street investment banks as a big short!
under these circumstances.
Those giants in the investment banks on Wall Street, they have to conspiratorial theory.
These people wondered if the man who had just moved into the white house helped Abel at this time?
Or maybe Abel's act of being a big short this time was instigated by Texas.
Otherwise, how could it be such a coincidence.
In the few days since Abel became a big short, he has already lost nearly half a billion dollars.
Seeing that the bulls were about to win a big victory, the Federal Reserve came to announce an interest rate cut.
You must know that when the Fed announces an interest rate cut, generally speaking, the dollar will begin to depreciate.
As soon as the dollar depreciates, the currency pair USD/JPY will start to go short.
The market reacted quickly to this.
Minutes before the Fed announced a rate cut.
USD/JPY has been around 107.500 before.
In just a few minutes, it dropped to 107.350.
For those investment banks on Wall Street, the floating profits in their accounts suddenly decreased.
This made Stanley O'Neal have to wonder whether Abel really colluded with the White House.
The black president suspects that Abel is in the capital's frontal battlefield.
If they can't beat them, the bulls who have tacitly united have started to play this kind of off-court method!
hateful!Obviously these off-court methods are what they are best at.
This is still an unsolvable dimensionality reduction blow from the Federal Reserve.
With USD/JPY still falling, Stanley O'Neill took a deep breath.
At this time, Stanley O'Neill is no longer optimistic about the dollar/yen and can continue to look long.
He felt that Abel could even use the super trick of the Fed to cut interest rates.
After that, the White House may have other means to support Abel.
In the case of Abel cheating, unless the bulls are really united.
Otherwise, it will be difficult to defeat the "collusion" between the White House and Abel!
Stanley O'Neill said in a deep voice: "Let's close the position. Let the floating profit turn into real profit first."
Charlie Schaff also agrees with this judgment.
Even if the CFO doesn't believe it, Abel can get such a big help from the White House.
That's too bullshit.
The little bush has just moved into the white house, so it can affect the Federal Reserve so quickly?
Although the White House does have certain management and influence over the Federal Reserve.
But that will have to wait until the small bush is in power and stabilizes and continues to exert influence.
It is possible to have the ability.
It's only been three days since I lived in it. If it were Roosevelt, he wouldn't be able to grasp the Fed so quickly, right?
It's just that doubt is doubt, and disbelief is not belief.
In the market, there are still many Wall Street bulls who made the same choice as Stanley O'Neill.
Just about two hours.
Sustained for a week at 107.500.
The USD/JPY, which cannot be suppressed no matter how much it can be suppressed, began to go short.
Over the course of two hours, it quickly dropped to around 107.100.
This change made the Smith Building depressed for almost a week.
In the trading hall on the third floor, many traders cheered.
Because in this rapid shock.
The USD/JPY currency pair that started to go short.
Finally, Smith Capital's serious floating losses turned into floating profits.
On the third floor.
Accompanied by Abel, little Laura who watched this scene curiously couldn't help asking:
"What's the matter? Did something good happen? Everyone seems happy anyway?"
Abel smiled and said:
"It's very simple. Because before this, I have lost hundreds of millions of dollars."
"But after you came, we made back all the money we lost, and maybe tens of millions of dollars."
Hearing what Abel said, they are often in units of "[-] million" and "[-] million".
Little Laura was a little speechless, she doubted softly: "I'm so good? I don't know."
She came here today to represent the shrub family.
Come on over and become a board member at Smith Capital.
After David Mellon's 2% dry stock, Smith Capital's board of directors.
Welcomed the third member, Laura Shrub Lauren, who personally holds 3% of Smith Capital dry shares.
Compared with David's shares.
Little Laura's shares are very complicated in terms of agreement.
If you want to understand it, it is estimated that you will have to invite several of the best lawyers to be able to see who they really belong to in these complicated clauses.
Having said that, it is indeed difficult for Wall Street giants not to have associations in this regard.
"Maybe you are my goddess of luck. I will make money when you come." Abel responded with a smile.
"I like to hear you say that." Little Laura knew that such a good thing probably had nothing to do with her.
But when Abel said that, she just liked to hear it.
When she chatted happily with Abel, because there are a large number of long positions, she chooses to close the position.
USD/JPY continued to decline and soon came to around 106.350.
Smith Capital also lost close to [-] million U.S. dollars from the previous floating loss.
It has become the current floating profit of about 10 billion US dollars.
But right now.
Those employees of Smith Capital are looking at the floating profit figures in the account with joy.
Received the latest order from their boss.
Abel's command was:
"Start to close the position. After closing the position, the maximum amount of all funds is long USD/JPY!"
This order is completely opposite to Smith Capital's previous operations.
It is also completely opposite to the hot USD/JPY short market in the market now.
Many traders were surprised, and David Mellon was also puzzled.
Because Abel did this, it felt like he was disliking money.
Before the market went long, Abel asked to go short.
At the peak, the loss was already [-] million US dollars.
Finally, the Fed cut interest rates, the dollar depreciated, and the dollar/yen began to go short.
Smith Capital started making money.
Abel asked to go long, and went against the market trend again.
It gives people a feeling that he doesn't want to make money, but only wants to lose money.
David wanted to go and talk to Abel.
David wants to see what the boss thinks, because that's the way to go.
Smith Capital is bound to lose money again.
The profits that were finally earned back may turn into losses again.
But he saw Abel, having a nice chat with little Laura.
The latter was amused by Abel and smiled beautifully, looking very happy.
David thought of the little girl's family.
On Abel's side, it was reconfirmed that Smith's capital will stop doing more about it.
David had to grit his teeth and go back to issue an order for the traders to quickly start closing positions and prepare to go long.
At this time, there has been a stampede of bulls in the market.
There are a lot of long positions in the market, and short orders are too easy to sell.
Under normal circumstances, it may take a week, or even several weeks, to ensure that the profit is closed.
Under the special bulls fleeing stampede.
In one afternoon, 25 USD/JPY short positions of Smith Capital were successfully closed.
A profit of around $11 billion.
Then Smith Capital began to build long positions in the market.
Also due to the long flight and USD/JPY continued to fall.
Long positions are being built at a rapid pace.
Before the end of the day, there were more than 11 long positions in the Smith Capital account.
The overall account has a floating loss of 1.5 million US dollars.
(End of this chapter)
".Yes."
Jinna responded softly to Abel.
It has been almost 20 years since she came to the United States.
For the first 25 years of her life.
She has been serving that kingdom.
Something happened later, she was regarded as a traitor and wanted to kill her internally.
She had to flee, through Eastern Europe, Western Europe, and eventually the United States.
When she first came to the United States, she had nothing but secret service skills and good looks.
At that time, she could only obtain living supplies by selling her hue.
But because I don’t have an identity, or in the beginning, my identity was more sensitive.
Even if she makes money selling meat, she can only sell it at the low end.
It sold too much in that kind of place, and her body was disabled.
Fortunately, at that time, that powerful country collapsed.
The identity that had troubled her for many years finally didn't bother her that much.
She got a relatively normal life.
After that, she gradually took her family over from the motherland.
Also got married a few years ago and had a baby.
Last year, he was approached by rock security guards.
She was recruited into Rock Security, and only then did she come to Anne's side.
If it weren't for Abel's words, Jin Na would have almost forgotten the name of her motherland.
Abel didn't know that Jinna was feeling so much in her heart at the moment.
He just thought that Jin Na had done a good job with Annie's matter before.
He's free again now.
I just want to say a few words of encouragement and buy people's hearts.
Abel's job content is mainly to serve himself.
At the same time, these bodyguards and servants who are very close to him.
His attitude has always been good.
He has considered benefits, salaries, and even the treatment of these people's family members.
He doesn't want to guard against day and night, and it's hard to guard against house thieves.
After all, in a sense, these bodyguards and servants around him are the ones who are most likely to cause physical harm to him.
to these people.
In addition to his preferential treatment in terms of money and welfare benefits.
He has always tried his best to be amiable and treat them with a friendly attitude.
When I am free and in the mood, I will occasionally win over the relationship.
This is also the reason why Edward is so trusted by him.
The first two are fellow villagers, and the second Edward's farm is very close to Smith's farm, even the farm next door.
Third, Abel has planned to let Smith Farm buy Edward's family's farm.
The price was very high, and Edward's father had agreed.
In the future, Edward's family will also start working for Abel.
Just like now, Jin Na beside Annie also belongs to the people around her in this range.
Abel is in a good mood today, and Annie is still watching TV stupidly.
He just wanted to have a few words with Jin Na to promote the relationship between the two parties.
To use the terminology in the game, he wanted to increase Jinna's "loyalty".
"Kaksa Republic, that should be a good place." Abel said with a smile.
How did he know if it was a good place.
In his mind, there were a bunch of Stans there.
And a bunch of less aggressive greens.
There is also oil and gas, plus the impression of grasslands, herding sheep, etc.
Let alone an American.
Even for Chinese people, that place is actually relatively unfamiliar.
"Yes." Everyone has different feelings for their hometown and motherland.
Unless it is a natural reproductive person.
Jin Na said softly: "It is indeed a very beautiful and warm country."
After talking like this for a few words, Abel didn't know how to continue the chat.
The main reason is that the gap between him and Jin Na is too great.
He simply cared about her life.
"Is the family okay? I remember your mother, brother, and they all went to Texas?"
Abel smiled.
The people who work around him are mainly bodyguards, chefs, servants and the like.
These are more personal staff.
Their families are usually sent to Texas.
Don't get me wrong, going there is not going to jail.
Go there and the families of these people can have a better life.
Whether it's Smith Farm, or the Rock Security Headquarters under construction.
In these places, family members of bodyguards live and work.
The life they lived was almost like a paradise.
Abel arranged hospitals, schools, jobs for them.
There are also incomes that are far higher than the median annual income of the average American.
Except you can't live in a big city.
What normal American families can enjoy, they can also enjoy.
Of course.
There, their family members naturally also have a certain role as hostages.
Because of this, the daily expenses of rock security are so exaggerated.
Abel almost built a new town on Sunny Mountain Farm.
The residents of the town are all related to the rock security staff.
Either they are employees of the company themselves, or they are family members of company employees.
Jin Na's family members also work and live there.
"Good day," Jinna said gratefully.
As a former member of that country, after the country was broken.
These small countries are worse off than the other, and many of them are struggling on the line of food and clothing.
Before Jin Na took the family back from the motherland, the family lived in poverty.
But after taking over, she herself has no diploma, and her professional skills are not very suitable for society.
The whole family here is having a hard time.
Until she entered the rock security and became Anne's personal bodyguard.
The lives of her and her family have undergone earth-shaking changes.
In the small town of Sunnis, her family finally lived a life where they could eat meat and vegetables every day.
Medical care and education are guaranteed, and you can have a good life with sufficient savings.
For this, Jin Na, who had been severely beaten by life, was naturally very grateful.
Seeing her like this, Abel also felt that this method of raising his family as hostages while cultivating his own true confidants.
At present, the cost is a bit high.
But it works well.
At least as far as he knew, Jin Na's older brother and younger brother both had children.
These children are all about ten years old, and they will be trained a little later.
It is possible to enter the rock security.Or work in other companies of similar nature.
In another ten or twenty years, such a group of young people who are similar to "children born at home" will grow up.
Then he felt that in all aspects, he would really not be short of people.
Abel chatted with her a few more words about family matters, and had planned to end it like this.
Unexpectedly, when Jin Na was about to finish, she anxiously made a small request.
She said that her uncle's family also wanted to come to the United States, and she wanted the company to issue a work visa to her uncle.
It was just a small request for Abel, and he asked Edward to keep an eye on it and get it over with.
Only then did he end his, not very mature way of winning people's hearts.
When leaving the small room and walking into the living room.
Annie, who was holding an empty potato chip tube and was about to throw it in the trash, saw him.
She let out a cry of surprise, and wanted to rush over to hug him.
Abel pushed away with a look of disgust, "Hey, the smell of potato chips and potato chip crumbs all over~ Go wash and wipe!"
"Haha~" Annie laughed happily, and went to the room obediently.
After waiting for about half an hour.
When Annie came out, she had already changed into a set of clothes and put on light makeup.
She looks delicate and beautiful like this.
Combined with the vitality of a young girl, it gives Abel a youthful and invincible feeling.
"It's snowing outside again, so cold. If you don't go out, why do you put on makeup?" Abel smiled and hugged her, lying on the sofa that had been cleaned up.
"I didn't even know you were coming." Annie said coquettishly:
"If I knew you were coming, I wouldn't be so sloppy! I hope you can see me, always beautiful and beautiful!"
"mua!"
Abel kissed her face, now covered in collagen, hard.
"I think you've always been so beautiful. Even without makeup."
Not long after Anne Hathaway turned eighteen, she was at the most beautiful time in the life of the big ocean horse.
Abel was right when he said she was beautiful without makeup.
The two laughed and fought again.
It's just fighting and fighting, the clothes are getting less and less noisy, and the more noisy and less
In the living room, Annie began to hum and hum.
Meowing like a cat.
In this way, Abel's time passed in his continuous trips to and from Smith Building, Carnegie Hill Building, and No. [-] Thirteenth Road, New York.
Soon, January 2001, 1 arrived.
On this day, a great event happened in the United States.
That is the new owner of the white house finally moved in.
1 month 3 day.
A major event has also taken place in the US economic circles, and even in the global economic circles.
That was the Fed, taking an emergency action.
It announced a rate cut of 50 basis points on this day.
The interest rate was reduced from 6.5% to 6%.
This kind of unconventional rate cut by the Fed is very rare.
It's only happened a few times in the past 30 years.
The most recent time was three years ago in 1998.
That time was the sovereign debt default of the bear country, and the Dow Jones index fell 11.5% in three days.
The Federal Reserve cut interest rates by 25 basis points at that time, releasing a large amount of dollars to rescue the market.
The explanation given by the Federal Reserve for this extra-regular interest rate cut is a rescue method because of the bursting of the Internet bubble last year.
The "New York Times" commented on the same day that this was a "strong signal" sent by Greenspan in order to maintain the long-term continued growth of the US economy.
Reflected in the capital market, that is the dollar began to depreciate.
Reflected in the international foreign exchange market, the currency pair USD/JPY began to go short.
at the same time.
The Wall Street giants who have been paying attention to the Smith Tower.
At this time, they found a little girl with a sensitive identity.
Under the leadership of Abel Smith, he entered and exited the Smith Building many times.
The little girl's name was Laura Bush Lauren.
Before November last year, not many people in the United States knew her name and identity.
Those who are not interested in knowing.
Available after November last year.
Many capitalists and entrepreneurs in the United States have seen her name and identity on a list.
Her presence at Smith Towers, coupled with an emergency rate cut from the Fed's regular rate cuts.
This immediately made those giants on Wall Street who are long USD/JPY a little bit flustered.
In Merrill Lynch.
in the trading department.
After Stanley O'Neill learned of these two news in a row.
He was so angry that he smashed a computer keyboard in front of him into two pieces.
The most powerful black president on Wall Street couldn't help but growl:
"This is cheating! Cheating! This is unscrupulous cheating!!"
Charlie Schaff also looked at Stanley O'Neill with some concern.
The CFO of Merrill Lynch knows why Stanley O'Neill said that.
Because where in the world is there such a coincidence.
On the same day, the Federal Reserve just announced an emergency rate cut.
The little girl from the bush family who just entered the White House appeared in the Smith Building.
The point is that at this time, Smith Capital is betting against many Wall Street investment banks as a big short!
under these circumstances.
Those giants in the investment banks on Wall Street, they have to conspiratorial theory.
These people wondered if the man who had just moved into the white house helped Abel at this time?
Or maybe Abel's act of being a big short this time was instigated by Texas.
Otherwise, how could it be such a coincidence.
In the few days since Abel became a big short, he has already lost nearly half a billion dollars.
Seeing that the bulls were about to win a big victory, the Federal Reserve came to announce an interest rate cut.
You must know that when the Fed announces an interest rate cut, generally speaking, the dollar will begin to depreciate.
As soon as the dollar depreciates, the currency pair USD/JPY will start to go short.
The market reacted quickly to this.
Minutes before the Fed announced a rate cut.
USD/JPY has been around 107.500 before.
In just a few minutes, it dropped to 107.350.
For those investment banks on Wall Street, the floating profits in their accounts suddenly decreased.
This made Stanley O'Neal have to wonder whether Abel really colluded with the White House.
The black president suspects that Abel is in the capital's frontal battlefield.
If they can't beat them, the bulls who have tacitly united have started to play this kind of off-court method!
hateful!Obviously these off-court methods are what they are best at.
This is still an unsolvable dimensionality reduction blow from the Federal Reserve.
With USD/JPY still falling, Stanley O'Neill took a deep breath.
At this time, Stanley O'Neill is no longer optimistic about the dollar/yen and can continue to look long.
He felt that Abel could even use the super trick of the Fed to cut interest rates.
After that, the White House may have other means to support Abel.
In the case of Abel cheating, unless the bulls are really united.
Otherwise, it will be difficult to defeat the "collusion" between the White House and Abel!
Stanley O'Neill said in a deep voice: "Let's close the position. Let the floating profit turn into real profit first."
Charlie Schaff also agrees with this judgment.
Even if the CFO doesn't believe it, Abel can get such a big help from the White House.
That's too bullshit.
The little bush has just moved into the white house, so it can affect the Federal Reserve so quickly?
Although the White House does have certain management and influence over the Federal Reserve.
But that will have to wait until the small bush is in power and stabilizes and continues to exert influence.
It is possible to have the ability.
It's only been three days since I lived in it. If it were Roosevelt, he wouldn't be able to grasp the Fed so quickly, right?
It's just that doubt is doubt, and disbelief is not belief.
In the market, there are still many Wall Street bulls who made the same choice as Stanley O'Neill.
Just about two hours.
Sustained for a week at 107.500.
The USD/JPY, which cannot be suppressed no matter how much it can be suppressed, began to go short.
Over the course of two hours, it quickly dropped to around 107.100.
This change made the Smith Building depressed for almost a week.
In the trading hall on the third floor, many traders cheered.
Because in this rapid shock.
The USD/JPY currency pair that started to go short.
Finally, Smith Capital's serious floating losses turned into floating profits.
On the third floor.
Accompanied by Abel, little Laura who watched this scene curiously couldn't help asking:
"What's the matter? Did something good happen? Everyone seems happy anyway?"
Abel smiled and said:
"It's very simple. Because before this, I have lost hundreds of millions of dollars."
"But after you came, we made back all the money we lost, and maybe tens of millions of dollars."
Hearing what Abel said, they are often in units of "[-] million" and "[-] million".
Little Laura was a little speechless, she doubted softly: "I'm so good? I don't know."
She came here today to represent the shrub family.
Come on over and become a board member at Smith Capital.
After David Mellon's 2% dry stock, Smith Capital's board of directors.
Welcomed the third member, Laura Shrub Lauren, who personally holds 3% of Smith Capital dry shares.
Compared with David's shares.
Little Laura's shares are very complicated in terms of agreement.
If you want to understand it, it is estimated that you will have to invite several of the best lawyers to be able to see who they really belong to in these complicated clauses.
Having said that, it is indeed difficult for Wall Street giants not to have associations in this regard.
"Maybe you are my goddess of luck. I will make money when you come." Abel responded with a smile.
"I like to hear you say that." Little Laura knew that such a good thing probably had nothing to do with her.
But when Abel said that, she just liked to hear it.
When she chatted happily with Abel, because there are a large number of long positions, she chooses to close the position.
USD/JPY continued to decline and soon came to around 106.350.
Smith Capital also lost close to [-] million U.S. dollars from the previous floating loss.
It has become the current floating profit of about 10 billion US dollars.
But right now.
Those employees of Smith Capital are looking at the floating profit figures in the account with joy.
Received the latest order from their boss.
Abel's command was:
"Start to close the position. After closing the position, the maximum amount of all funds is long USD/JPY!"
This order is completely opposite to Smith Capital's previous operations.
It is also completely opposite to the hot USD/JPY short market in the market now.
Many traders were surprised, and David Mellon was also puzzled.
Because Abel did this, it felt like he was disliking money.
Before the market went long, Abel asked to go short.
At the peak, the loss was already [-] million US dollars.
Finally, the Fed cut interest rates, the dollar depreciated, and the dollar/yen began to go short.
Smith Capital started making money.
Abel asked to go long, and went against the market trend again.
It gives people a feeling that he doesn't want to make money, but only wants to lose money.
David wanted to go and talk to Abel.
David wants to see what the boss thinks, because that's the way to go.
Smith Capital is bound to lose money again.
The profits that were finally earned back may turn into losses again.
But he saw Abel, having a nice chat with little Laura.
The latter was amused by Abel and smiled beautifully, looking very happy.
David thought of the little girl's family.
On Abel's side, it was reconfirmed that Smith's capital will stop doing more about it.
David had to grit his teeth and go back to issue an order for the traders to quickly start closing positions and prepare to go long.
At this time, there has been a stampede of bulls in the market.
There are a lot of long positions in the market, and short orders are too easy to sell.
Under normal circumstances, it may take a week, or even several weeks, to ensure that the profit is closed.
Under the special bulls fleeing stampede.
In one afternoon, 25 USD/JPY short positions of Smith Capital were successfully closed.
A profit of around $11 billion.
Then Smith Capital began to build long positions in the market.
Also due to the long flight and USD/JPY continued to fall.
Long positions are being built at a rapid pace.
Before the end of the day, there were more than 11 long positions in the Smith Capital account.
The overall account has a floating loss of 1.5 million US dollars.
(End of this chapter)
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