Reborn and become a Great Scientist

Chapter 444 183 Financial market trendsetters

After receiving the telegram from Oppenheimer, Chen Muwu's first reaction was that this guy was "forcing him to marry".

Otherwise, why would Oppenheimer, who was supposed to be at the University of Chicago in Illinois, take this telegram to himself from New York?

Although Oppenheimer's home is indeed in New York, he has no reason to leave his job without permission because of the holidays.

At this moment, Chen Muwu could only think of one situation, that is, after Oppenheimer learned the news that he was officially starting school at Prince's College in Stockholm, he decided to resign regardless of his previous dissuasion.

He wanted to "cook rice from raw rice to cooked rice" and regarded his leaving the University of Chicago as an established fact, forcing himself to hire him as a professor at Prince's College.

Although he disagreed with Oppenheimer's approach in this matter, he had a very good relationship with him after all. What could Chen Muwu do?

Of course I forgive him!
Chen Muwu had already drafted a letter of appointment in his mind to hire Oppenheimer as a professor at the Prince's College in Stockholm, and thought he would send it to him after he read the telegram.

But the contents of this telegram really surprised Chen Muwu.

Damn it, everything he had thought about before went wrong. Whether Oppenheimer left Chicago or went to New York this time, what he did was completely different from what Chen Muwu imagined.

Oppenheimer was still very obedient. He did not resign from the University of Chicago at all. The contents of the telegram did not express his intention to take a teaching position at Prince College.

In addition to congratulating Prince's College on the opening of the school year, Oppenheimer wrote another thing in the telegram.

Oppenheimer's family cannot be regarded as the top family in New York, the world's largest metropolis, but it can also be regarded as the upper class.

When American newspapers were reporting on the official opening of the Prince's College founded by Chen Muwu in Stockholm, Oppenheimer's father, Oppenheimer Sr., got a piece of news from various sources.

That is the Bank of England, the Bank of England, which is preparing to increase the discount rate by one percentage point, from 4.5% to 5.5%.

The Federal Reserve is also about to issue a warning to the American public, saying that "the country's credit is too much absorbed by speculative lending."

For the U.S. financial industry, these two pieces of news seem to be internal and external troubles, and it seems that the Dow Jones Index is about to experience a sharp decline.

Oppenheimer Sr. knew that his son had invested a lot of money in the New York Stock Exchange, so he passed the news through the phone line from New York to Illinois.

After receiving the call, Oppenheimer immediately took the train from Chicago back to New York.

He does hold hundreds of thousands of dollars in New York Stock Exchange stocks, but these stocks are not his own, but held on behalf of Chen Muwu.

If it were Oppenheimer's own stock, according to his thinking, it might be a loss.

But such a large amount of money belongs to Chen Muwu after all. Even if he loses only one percentage point, it would be a loss of tens of thousands of dollars.

Therefore, Oppenheimer sent an urgent telegram from the United States, telling Chen Muwu in Europe everything he knew.

That's why his telegrams were sent from New York rather than from Chicago, where the university was located.

Chen Muwu looked at the telegram in his hand and then at the calendar on his desk.

On the large date, today’s year and month are marked——

"Feb, 1929" (February 1929).

What is coming will always come.

The 1928 U.S. presidential election should be the election with the largest gap in the history of U.S. presidential elections, no matter in the past, present or future.

Republican candidate Hubert Hoover received 58 percent of the popular vote, while his opponent, Democrat Alfred Smith, received 40 percent.

Of course, the U.S. presidential election system stipulates that the final decision on the presidential candidate is not based on the number of public votes, but on the number of electoral votes.

In terms of the number of electoral votes, Hoover led the way, winning 444 electoral votes.

Smith's electoral votes were only a measly eighty-seven.

Compared with Smith, a Catholic and senior politician from a big city, Hoover's image is indeed much closer to the people.

He was just a poor boy from Iowa. Later, through his own efforts, he became an engineer and a businessman. He is a typical representative of the "American Dream".

At this moment, Hoover had not yet been sworn in as the 31st President of the United States of America.

But everyone follows the incoming president as an example and dreams of becoming rich overnight.

Americans have the confidence to dream like this.

Because during the term of the current President Coolidge, the entire United States has been in an atmosphere of singing and dancing. Whether it is the bureaucrats and politicians at the top, the middle class in the middle, and the working people at the bottom of society, everyone believes that their country is getting better and better.

Now if someone talks about the famous prophecy, "Mellon pulled the whistle, Hoover rang the bell, the Wall Street gave the signal, and the country went to hell!" Wall Street sends a signal, the United States is going to hell!)", everyone will probably think that this person has something wrong with his brain.

The United States is walking on the broad road of capitalism, so how can it possibly head towards hell?
1929 was the year when the famous “Great Depression” began in history.

In early 2009, Chen Muwu received a telegram from New York from Oppenheimer, which really shocked Chen Muwu.

Is this "the storm is about to come"?
He made a pot of strong tea and calmed himself down. He felt that this incident seemed to have happened a little early.

Although he can't remember the specific time when the New York Stock Exchange's Dow Jones Index collapsed, Chen Muwu knows that it should be in October 2029, which is still more than half a year away.

This time the British central bank, the Bank of England, adjusted the discount rate by one percentage point, which should be just a mistake.

In the next six months, the Dow Jones Index will continue to surge forward, causing the entire U.S. stock market and even the entire United States to fall into a state of madness.

Otherwise, there is an urban legend that arose during the Great Depression. It is said that when the American oil tycoon Rockefeller was shining shoes on the roadside, he heard a child shoe polisher recommending him a stock that guaranteed to make money. , so that led to the old Rockefeller ordering all the stocks held by the company to be liquidated, so why not keep any shares?

After thinking of this and confirming that it was not his appearance that caused the Great Depression to arrive early, Chen Muwu finally felt relieved. Chen Muwu immediately sent a reply to Oppenheimer, who was waiting in New York and was even more anxious than himself.

The content of the telegram is very simple. First, tell the other party not to panic. This is just a technical adjustment;
The second is to allow Oppenheimer to consider continuing to buy stocks on the New York Stock Exchange if he has spare money;
The third is to ask him to continue teaching at the University of Chicago for a semester or a year. After he is completely settled here, he will be asked to come to Prince's College in Stockholm to be a teacher.

Now that the first phase of the Prince's College project has been completed, all the students and teachers have arrived. After the 1929 Lunar New Year, the school will officially start. What else is left to be completely settled?
In fact, Chen Muwu had his own selfish motives in the third item of the telegram.

He wanted Oppenheimer to stay in the United States until the Great Depression broke out completely. He would sit in Stockholm and command remotely, so that Oppenheimer could sell the stocks in time and bring the leek money he got from the United States back to the prince. The college supports the construction work of the school.

Therefore, Chen Muwu also told Oppenheimer that the current U.S. stocks can be bought at the bottom, and you can even buy them as much as you want.

However, Chen Muwu himself did not send any more money to the United States, and asked Oppenheimer to help him get a bargain.

This is because at present, relying on the continuous inflow of small shares in the early stage, coupled with the fact that the U.S. stock market has been steady and upward in recent years, and he has chosen blue-chip blue-chip stocks of large companies, Chen Muwu's stock account has slowly Amassed hundreds of thousands of dollars in wealth.

He estimated that relying on the bull market in the first half of 1929, he should be able to increase the value of his account on the New York Stock Exchange to more than one million US dollars.

The figure of one million U.S. dollars is neither too big nor too small.

In 1929, % of people in the United States could not earn such a sum of money in a lifetime of hard work.

But compared with the New York Stock Exchange’s total market capitalization in tens of billions, a million dollars doesn’t seem very affordable.

With the connections in Oppenheimer's family, he should have no problem transferring such a sum of money from the United States to Sweden.

But if the value were larger, the Oppenheimers would be powerless.

After all, those guys at the IRS are the most powerful people in the United States.

Just because Chen Muwu does not intend to use Oppenheimer to buy the U.S. stock market at the bottom does not mean that Chen Muwu does not intend to buy the U.S. stock market at the bottom.

The Oppenheimer family doesn't have enough energy, so he can still rely on the power of other families.

So after answering the telegram to Oppenheimer in New York, Chen Muwu called again and invited little Marcus from the Wallenberg family.

Prince's College is the latest magnificent building built in Stockholm, and the surrounding supporting facilities are also improving day by day. According to the planning of the city hall, Prince's College and the nearby area are vaguely planned to be a university town.

Like the Crown Prince of Sweden, little Marcus also asked for an office at Prince's College. His position in the school is chairman.

The reason why little Marcus wants an office is not that he wants to be like the Crown Prince of Sweden, or flatter the future King of Sweden, and participate in the study of Sinology at the Prince's College.

In fact, it is because the tasks currently assigned to his successor by the Wallenberg family are basically all related to Professor Chen of Prince College.

The Wallenberg family did follow Chen Muwu's advice and gained a lot of wealth in many businesses.

So in order to communicate with Chen Muwu more conveniently and quickly, and to serve as a communicator between Chen Muwu and his family, little Marcus moved his office to Prince College.

After receiving Chen Muwu's call, little Marcus rushed to the other party's office within a few minutes.

After listening to what Chen Muwu proposed, little Marcus frowned.

Because the business suggestions that Chen Muwu gave before that could make a lot of profits were all in related industries, such as asking Ericsson to develop communications business in Sulian, producing Volvo cars with extremely high safety performance in Sweden, etc.

This was the first time that little Marcus heard that Chen Muwu wanted to enter the financial industry, or the U.S. stock market.

"Dr. Chen, is this reliable?"

Chen Muwu did not show Marcus his stock account, nor did he tell him that he would make money in the U.S. stock market.

He just made a request to the other party, that is, to buy a large amount of Dow Jones stocks through the Wallenberg family.

Chen Muwu not only emptied all his assets, but also proposed to pledge all his shares in various cooperation areas to the Wallenberg family, converting them into US dollars and investing them in the stock market.

Chen Muwu's boldness in the stud made little Marcus stunned.

His first reaction was that he could not agree to Chen Muwu's request without permission. After all, this was not a small sum of money.

Little Marcus was determined to report this matter to his family as usual.

But he also thought that the family had asked him to be responsible for connecting with Chen Muwu, just to examine and cultivate his abilities and prepare for his future succession.

If everything had to be reported to the family, wouldn't it be easy for others to look down on themselves?
Thinking of this, little Marcus has decided that he will sacrifice his life to accompany the gentleman this time.

Chen Muwu has already staked all his wealth on the stock market, so what else does he have to fear?

Marcus Jr. still reported the matter to his family, but he only said that Chen Muwu wanted to mortgage his shares in various industries that he cooperated with the Wallenberg family.

The amount of money was not small at all. Even if Marcus agreed to the mortgage, he would not be able to come up with so much money himself.

After listening to Chen Muwu's financial plan reported by Marcus Jr., the Wallenberg family felt that Dr. Chen from China was finally going to make a big mistake this time.

There has been a proverb from ancient times to the present day, called "Eggs cannot be put in the same basket."

Chen Muwu threw all his money into the stock market. Isn't he afraid of a complete earthquake in the US stock market?

Although they were worried about whether Chen Muwu's story plan could succeed, the Wallenberg family did not jump out to stop him.

We are just business partners, and if Chen Muwu loses all his money in the storm of the US stock market, we can just appropriate his shares.

So instead of stopping him, the Wallenberg family gave Marcus Jr. $100,000 to symbolically invest in Chen Muwu.

(End of this chapter)