The Son of Finance of the Great Age

  Chapter 751 Cutting flesh with a knife

   "Public appearance?"

Gross pondered for a while, then frowned and said, "There are no problems in Portugal. I can have many reasons. But if I publicly advocate that Portugal's economy has problems, I'm afraid it will attract the attention of interested people. The meaning of the platform is too much." thick!"

   "Of course not a public appearance!"

  Zhong Shi waved his hand and directly denied Gross' concerns, "If that's the case, the IQ of my boss is really worrying. Not only you and me, but also others, we will not make a public appearance."

"That…"

   Now Gross didn't understand, and looked at Zhongshi suspiciously, "How do we affect the market?"

"embassy!"

Zhong Shi put his hands behind his back and looked out of the window, "Paulson has already contacted, and then you go directly to the embassy. They will arrange a reception, and all American businessmen in Portugal will attend. At the reception, you You can speak freely, after all, this is a private occasion, and it doesn’t matter what you say.”

"The most important thing is that there will be one or two Portuguese reporters mixed in here. They may report your words. Of course, you completely deny that you have said these words. False and true, true and false, this caused Only panic can be maximized!"

"Although it is a small-scale speech, it will definitely be widely spread through the mouths of some media or some businessmen. Of course, we will not admit it on the surface, because it may offend or anger the Portuguese government. But behind the scenes Here, this kind of small action, combined with Moody's statement, is enough to cause turmoil in the whole of Portugal."

   "Now, any more questions?"

  The voice was very soft, but when he heard it in Gross' ears, he nodded again and again, with a deeply approving expression on his face.

   "No wonder they all listen to you, so you really have a hand!"

  After only talking with Zhong Shi for a while, Gross realized the strength of the other party, and soon he asked another question, "Mr. Zhong, how did you do it on the US ten-year national debt?"

   "U.S. 10-Year Treasury Bond?"

  Zhong Shi repeated it leisurely, then came to his senses, looked at Gross with a strange expression, and asked, "Could it be that you were also involved here?"

"hey-hey…"

Gross rubbed his hands and smiled embarrassedly, "To tell you the truth, I was indeed involved in it at the beginning, but it was one of the main funds for the sell-off. I had already won, but I didn't want the Fed to kill me halfway. In the end I had to cut my losses and get out.”

   "What I don't understand is why the Federal Reserve made a move at that time? Is it a coincidence or did you make a deal with you in private? I haven't figured out the reason until now, and I would like to ask Mr. Zhong to enlighten me."

   After laughing and exposing his scandal, Gross immediately put on a solemn expression and asked Zhong Shi.

   "The answer to this question..."

  Zhong Shi took a deep breath, showing an inscrutable smile, "You are right, but they are not right. As for the real situation, I am sorry that I cannot say."

"Hey…"

   Gross let out a long sigh, knowing that he couldn't find anything more.

  …

   On January 11, 2010, before the opening of COMEX, the rating agency Moody's issued a statement, a warning statement against the Portuguese government.

"We have noticed that in recent years, the fiscal deficit of the Portuguese government has continued to grow, which is completely disproportionate to the growth rate of GDP. We have no intention of investigating the reasons for the high growth of the Portuguese government's fiscal deficit and public debt, but we We have to warn that if this situation continues and the current Portuguese government fails to take effective measures to reduce the deficit, Portugal’s national debt rating will be lowered.”

“The current rating of Portugal’s national debt is A1, which is positive. However, we believe that this assessment is based on the financial situation released in the previous year. In the current situation, the rating of Portugal’s national debt will be slightly adjusted, from A1 to A1. A2, the evaluation is still positive. But until the future financial situation does not improve, we all reserve the possibility of lowering the evaluation.”

  Although it was only a warning statement, the market was still shaken by it.

This means that the debt crisis in the European zone has spread from Greece to other countries and regions. Although there has not been any substantial rating downgrade so far, the market has realized that countries like Greece are originally in Europe. And not just one!

  Accompanied by this statement, the market plummeted!

  The New York gold index fell from the opening price of 1152 US dollars to 1130 US dollars per ounce. At the lowest point, it once fell to 1126 US dollars per ounce, a drop of 1.91%.

  New York crude oil index fell from 84 US dollars per barrel to 82.63 US dollars per barrel, down 2.11%.

  London March copper fell from the opening price of 7587 US dollars per lot to 7330 US dollars per lot, a full drop of 257 US dollars, a drop of up to 3.39%.

   EUR/USD fell from 1.4501 to 1.4453, a drop of 0.21%.

  Portugal's PSI index fell 3.5%, the biggest drop in nearly a year.

  …

  The lethality of this statement is mainly reflected in the commodity market, but it has little impact on markets such as the United States, Germany, and France. Even the Dow Jones Industrial Index and the S&P 500 Index in the United States have risen slightly.

  Because for the stock market, most of its influencing factors are based on micro-enterprises, while for mass commodities, the most important factor affecting it is the development of the global economy. For example, the price of copper basically depends on supply and demand. When the global economy is good, the demand for copper will increase, and the price of copper will naturally rise.

If there are sovereign debt crises one after another, it is obvious that the economies of these countries have problems. In this case, the demand for commodity markets must be shrinking or even sluggish, so it is not surprising that the prices of these commodities have fallen. up.

   But for gold, this point is a bit inexplicable, because the demand for gold is consumption on the one hand and value storage on the other. These are the two biggest aspects.

   In terms of value storage, because the exchange rate of the euro against the U.S. dollar has not fluctuated much, the possibility of hedging does not exist. On the other side of the market, expectations of a decline in consumption, which in turn led to lower gold futures prices, took hold.

   But this is just the beginning.

   "Gentlemen, please invite our guest tonight, Mr. Bill Gross!"

  In Lisbon, at the American embassy in the downtown area, at eight o'clock in the evening, accompanied by Mr. Ambassador, Bill Gross made a splendid appearance.

Since the evening, luxury cars have been driving into the U.S. embassy one after another. This phenomenon immediately attracted the attention of the local media. They soon found out that there was an unannounced reception at the U.S. embassy tonight. , Those who come are either rich or expensive.

   Naturally, the Portuguese media immediately became interested, but unfortunately, they did not have an invitation letter at hand, so even after exhausting their tongues, most of them returned in frustration.

   But there are always exceptions to everything. A reporter from "Express" pretended to be a chef and successfully entered the scene of the reception. When he changed his clothes and appeared in the banquet hall, there was a scene that shocked him.

  Excluding the staff of the embassy, ​​all those present at the scene were American businessmen who invested in Portugal. Among them are big exporters, executives at automakers, and national agents for agricultural products.

   These people are basically representatives of American capital in Portugal.

   "What the **** are they going to do?"

  The reporter named Andrew Gomez couldn't help muttering in his heart. While observing carefully, he hid in the corner for fear that others would recognize him.

  He was too worried. Although his appearance was quite different from that of an American, the people present were all at a loss as to the purpose of his visit.

  For a while, Andrew Gomez was not in danger of being driven out.

   Halfway through the reception, the main event finally appeared.

   "Good evening, gentlemen!"

  After Bill Gross appeared on the stage, he couldn't hide his exhaustion from the travel and dust, and waved to everyone, "Ladies and gentlemen, I am Bill Gross, the convener of this reception!"

  Among the crowd, some people who knew Gross had expressions of surprise on their faces. Those who didn't know each other looked confused, and they didn't show a look of sudden enlightenment until someone else explained it to them.

   "This Mr. Gross is an investor and is very famous in the bond market. People in the industry call him the 'King of Bonds'."

The American ambassador to Portugal, Jeff Marshall, was also at a loss, but the order he received was to arrange a reception for Bill Gross. Naturally, he couldn't refuse. After a brief introduction to Gross, he said The power was handed over to the opponent.

   "Ladies and gentlemen, you must be wondering why I, an investor, appear here and hold this reception?"

  Gross slowly regained his energy and began to explain to everyone, "Everyone, maybe you still don't know, just yesterday, Moody warned the Portuguese government."

   "..."

   What answered him was a noisy voice.

   Regarding Moody, most people at the meeting were not clear, but there were also people who knew. After a few minutes of communication, the participants gradually understood what kind of rating agency this Moody's is.

   "I can tell you with certainty that in the near future, Moody's, Standard & Poor's and other companies will definitely lower the rating of Portugal's national debt."

   After giving everyone a few minutes to react, Gross said surprisingly, "Portugal has a high probability of becoming the second Greece!"

   "Maybe worse than Greece!"

   he added.

"what?"

  Andrew Gomeston felt his scalp go numb, and a chill rose from his spine. Although he just broke into this reception unintentionally, judging from the current situation, he knew that his trip was definitely worthwhile.

  But what he heard shocked him again. Thinking of this, he quietly turned on the recording pen in his arms, and at the same time leaned forward.

  Similarly, Gross's words also exploded among the crowd.

"how can that be?"

   "Is this guy kidding me?"

   "Does he know what he's talking about?"

  …

   Questions arose everywhere.

  For Greece, although everyone is not engaged in the financial industry, most of the people present still know about the debt crisis in Greece. Of course, they only regarded this matter as news at most, but they never thought that such a thing would happen to them.

  So their first reaction is to not believe it!

   "Everyone, please be quiet!"

  Seeing that the scene was about to get out of control, Gross quickly made a silent gesture, "About everything I said tonight, I hope you will not spread it to the outside world, please be sure to abide by this point."

  The crowd suddenly became quiet, and they seemed to realize that they would hear something unknown to the outside world.

"According to estimates, Portugal's fiscal deficit has reached 9% of GDP, and its public debt has reached 104% of GDP. These figures are far beyond the requirements of the Eurozone and not far from the data of Greece. Dare to say that Portugal will not be the next Greece?"

  He asked confidently.

   Why is it deserted again... There are no votes or likes on this day... Anyway, we must work hard in the new year. I hope more book friends can pay attention to and support this book~

  (end of this chapter)