Wall Street of the third generation chaebol
Chapter 120
“The Canary of New York. (2) >
“Escape from New York.”
The hedge fund secretly issued warning reports to all its subsidiaries. There is still plenty of time until the quarterly earnings release.
Time to escape.
It was literally the cry of a canary to give you time to revive (relocate) your portfolio.
“Get your portfolio out quickly! We need to go into rebalance right now!”
“How big is our safe-haven pie?”
“But can’t we move slowly while watching the trend? We don’t know the exact time.”
“If you have time to make such a relaxed sound, think of throwing it right away!”
subsidiaries of hedge funds.
Partners are in an emergency. Immediately, the boards of directors of the banks were convened, and the banking partners put their heads together and adjusted their portfolios.
However, their hands, which were urgent as they watched the soaring New York stock market that followed, gradually slowed down.
“The New York stock market is still booming? It’s soaring as if a hedge fund’s short position is stupid.”
“But have hedge funds ever been wrong?”
“Nothing is wrong with the New York Stock Exchange. Who knows if hedge funds are wrong.”
Hedge funds are well known in the market.
An asset management company that manages the top three Wall Street funds. It is one of the powers on Wall Street that produces phenomenal returns even with godly control as far as fund management is concerned.
But that was all.
Rumors circulated that Morgan had a backstory, but even the identity of the CEO was uncertain except for a small number of directors.
“You should also consider the possibility that the New York stock market may behave differently than hedge funds expect. Detroit CEO can’t always be right.”
No one knew how deep and wide the hedge fund’s roots were.
This novel was posted at https://readwn.com
Only the top tiers of Wall Street knew.
So they were making a ‘common sense’ judgment.
“Still, if it’s enough to send a warning report to subsidiaries, wouldn’t you know something?”
“Is this the last chance to escape for the subsidiaries?”
“Well.”
Jason Carl Bank.
Jason and Carl ran into similar concerns.
“Even if it’s real. Even if it’s not, it doesn’t change what we do. If a hedge fund predicts that a crisis will eventually happen, then a crisis will come one day.”
“In the end, there is no other way than to relocate the portfolio.”
It was not easy for asset managers with assets as large as banks to buy and sell stocks in bulk.
If you throw it at once, you have no choice but to sell it at a low price, and if you buy it at once, you have no choice but to buy it at a high price.
So I had to buy slowly and gradually change my portfolio.
“I’m worried.”
“After all, we lived as a hedge fund subsidiary. If it hadn’t been for this warning report, we would have been thinking about buying stocks now.”
“Jason, I’m not sure it’s going to fall yet.”
“I’ve never seen a hedge fund jump in recklessly.”
Jason’s eyes lit up.
“They relocated their portfolio of short-selling funds while the New York Stock Exchange was booming and invested in St. Petersburg short. They already got a 10% return this month.”
It’s a bad hobby for hedge funds.
They always tended to publish their analysis reports after raising their returns.
“No, of course, if it is. Of course, there is no point in preoccupying if the factions believe in this report and follow it.”
“Jason. You mean. Is this thin, unsubstantiated warning report really just a preview of a hedge fund based on a lot of evidence?”
“I think so.”
There is a point.
No, Jason would be right. To the best of their knowledge, no hedge fund has ever failed.
It is so sophisticated and accurate that it gets a reputation that it will fit into an already woven board.
“But you have to be able to believe it. Still, it’s a bit hard to believe in just a few warning reports…”
“knife.”
Jason picked up the report.
“You have to believe it.”
“Jason?”
“Rather, we should think the other way around. If they were scared, thick and dense reports would have flown out on the contrary. We have to manipulate people to believe it. Then, even later, we have evidence like this, so our failure is justified.”
“…as other investors are playing with the media.”
“Yes, but do we need detailed evidence to inform us of a disaster that has already been confirmed? He will move while laughing at the foolish sentient beings who do not follow me.”
The position was changed to sell without any reason.
I would have believed them if I had given them a few accounts of the Japan Settlement Bank, but they didn’t.
Rather, according to information analysts (analysts), the Japan Settlement Bank has put a lock on the accounting data.
could not read
“Is there anything more credible than selling your own property with your own words?”
There were scammers all over Wall Street.
Scammers disguised as an information dealer who receives 100 dollars every day to tell you about the stock, scammers who pay membership fees to insert them into stock price manipulation, and scammers who take money to get money to connect with a broker.
Who can’t do what with words?
But hedge funds shut their mouths and started tossing stocks.
At least, the hedge-fund subsidiaries themselves had to figure this out.
“Besides, our portfolio has 60% safe assets. 40% risk assets. Compared to other real estate management companies, he’s a good man. The serious ones are 100% risk assets, but it will be very difficult for them to change their portfolio.”
“…..”
“Carl, trust me.”
Jason looked at the knife with gleaming eyes. Carl made eye contact for a moment, then sighed and leaned back against the backrest.
squeaky.
“…Do you want to sell?”
Carl declared surrender.
***
“shit!”
Kudang Tang.
Furniture grabbers fly through the air. In the midst of a whirlwind of chaos, the man continued his furious violence with an impression on him.
“Hedge funds, you f*cking cowards! The New York Stock Exchange is shrinking! Customers are leaving!”
bang-!
The chair flew off and crashed into the wall.
heh heh heh. The man who breathed out sat down on the sofa with his disheveled suit.
“Isn’t it supposed to be that angry?”
“We invested in the New York Stock Exchange with even leverage (debt). Now, our clients’ funds are running out and our investment is disappearing tenfold!”
Wall Street Beasts.
As hedge funds appeared like a comet, asset managers began to appear one after another.
There were those who speculate on risk and those who invest in safety.
All those who invest in safety have entered into hedge fund subsidiaries or entered into partnerships.
“The hedge fund motherf*ckers. Our fund is a speculative force that speculates on risky assets, and they don’t even accept it.”
messed up her hair
Speculators who speculate on danger like them.
They were nicknamed Wall Street Beasts.
“Anyway, it’s a money game with customer money. The risk we lose is not that great.”
trust company.
A company that manages or disposes of its own assets. Simply put, it is a kind of asset management company.
These were the forces that made ‘investments’ with ‘customers’ money.
fighting forces.
Naturally, there was no way there could be a proper investment force in this era, and they speculate on the New York Stock Exchange by seeking leverage of 10 times or 20 bets with the money of ‘customers’.
“Even if we lose everything, it’s not our money, so let’s go comfortably. There aren’t many customers who left.”
Chick.
burned a cigar
Usually, the money entrusted to these trust companies was money soaked in the blood and sweat of ordinary people, such as retirement funds or retirement funds.
“You can lose everything. All you have to do is bankrupt one corporation and build another. How many brokers are there these days. It’s a world full of lawyers.”
“So is it.”
Wall Street Beasts.
They never invest their money. Do not manage the company’s public funds, customer deposits, or investment funds.
A sound investment is great for asset management, but what they were doing was speculation.
If I make money, it’s mine.
If you lose everything, it’s yours.
“How much leverage should I pull?”
“Let’s pull as far as we can pull. If you go to Shadow Finance, you can get up to 20 times as much.”
“Short or long.”
“Long.”
Speculate on the climb.
“But the hedge fund changed to a short position, but I don’t know if this is okay.”
“Don’t you know that you don’t know? It goes up because the president has already taken all the risks. Those idiots at hedge funds. They’re going to give you money like that, and then you’re sure to go crazy.”
tuk.
I threw a document on the desk.
“A friend of mine works for a hedge fund subsidiary, and a report like this came out.”
“The title is also bloody.”
“What is this? You’re saying that hedge funds are going to beat you up with the forces created by centipedes. You idiots. The New York Stock Exchange is on fire.”
Shen Young.
This means that the stock market has already reflected the risk.
“There is no other fire moth.”
pick. The beasts scoffed at hedge funds hiding in their tunnels like cowards. The New York Stock Exchange is in the midst of a bull market, and you are afraid of the risks that may be reflected. It was like a conservative asset management company.
“Let’s swallow up whatever they spit.”
There was no bullshit.
At least that’s how it looked in their eyes.
***
“Wall Street is always like that. If you want to make money, you hunt the New York stock market like a hyena. Again, you wander around the New York stock market to hunt.”
hedge fund headquarters.
I lay down in my chair and handed over the reports that James had brought. The report included trends in the Wall Street Beasts and investment portfolios of subsidiaries.
The current state of the New York Stock Exchange is at a glance.
eating.
“You idiots. Even if you tell me, you don’t understand.”
In part, accounting data and supporting data were not attached to the warning report. To make them distrust us and make us believe that we’re firefighters.
There are hardly any institutions that choose to sell with such poor reports.
“Right now, it is said that a majority of hedge fund subsidiaries have taken a long (buy) position.
“It’s a subsidiary of a hedge fund. They don’t believe me either.”
“Your friend is like this, but other investment groups are at least not like that.”
“Yeah, I knew it would.”
I thought I couldn’t believe it.
The selected subsidiaries are also like this, but the speculative forces are terrified. You can see it clearly on the palm of the Buddha.
“But the news is pulled out like this on a topic like that. It’s very clever.”
tuk.
[Wall Street beasts, outwardly calling hedge funds a coward, and selling them behind the scenes.]
[Actually, the phase is a sell-off. A shock is coming soon.]
[The boom in the New York stock market is a bubble. It will explode if you are a little careless.]
“It’s typical ant fur.”
“Ant fur?”
“It’s a press article to intimidate the citizens into selling them, and their own institution sweeps away the amount. It’s common.”
Weak institutions issue a sell article when they want to buy and a buy article when they want to sell.
When all the ants get off the bus, they start the bus and go to the other world.
“I didn’t even know that the centipedes were hit.”
***
New York Stock Exchange.
Investors who checked the Dow felt their eyes bloodshot. This was especially true for banks that believed and followed hedge funds.
Dow +15%.
The New York Stock Exchange soared.
The trading room in the hall was turned upside down.
In an instant, the inside of the exchange was filled with noises shouting buy orders.
Traders who were placing a sell order on the New York Stock Exchange also panicked and immediately contacted the headquarters and began to urge them to buy a position.
“Jason!! The New York Stock Exchange is going crazy. I sold it, but it’s actually going up!”
Carl took Jason out of the Wall Street trend.
I thought I misjudged the potential of the Japanese archipelago. The safe investment of Jason and the hedge fund felt frustrating.
[Individual investors who suffered again this time. In fact, the phase was a buying trend.]
[Hedge funds that still insist on a short position, are they now obsolete?]
[Beasts of Wall Street having a Bonus Festival.]
[Hedge fund, ‘Given the opportunity to sell, we only sell. Judgment is up to each person. We never forced it.’]
-The Wall Street Journal (WSJ)
“The beasts of Wall Street are devouring the stocks we threw away! They were all we needed to have.”
“…”
“Now what? It seems that we are the only ones who can’t eat in this boom. This is clearly a hedge fund’s misjudgment.”
“You have to wait.”
“What? Do you still say those words?”
“The media, who didn’t say anything until the hedge fund sounded a warning, suddenly came out and went crazy. Don’t you think it’s a typical cheater?”
“No, Please.”
Carl wiped his face at Jason’s words.
But Jason put confidence in his eyes.
“It’s rather time to sell. The beasts of Wall Street have the same information value as us now. I think the hedge fund monopolizes information right now. It has some kind of relationship with the Bank of Japan. The ideal could not have been sent from East Asia.”
“…..”
“This is a signal to sell. Remember why the major railroad companies delayed listing. Look at the facts, not emotions, and understand them. There is no need to be swept away by the atmosphere of those pseudo-psychologists.”
“…that means.”
“No need to rush. This is right for now.”
Detroit Morgan, head of hedge funds.
He was never on a failing board when I watched his progress.
Also during special warfare.
Also during currency swaps.
Even when everyone was certain that Spain would win.
never.
He was not wrong.
“Carl, trust him and let’s go.”
***
“Okay. It’s the way I thought it would. There’s no error.”
widely.
I closed the Wall Street Journal morning.
smiled expression.
The beasts of Wall Street were tricked by my fakes and started buying stock.
“But if they go bankrupt, won’t it be only the customers who trust the assets weep?”
“The bailout has already been prepared.”
“But if we bail out all of them, will we lose money?”
“I do not care.”
For ants entrusted to trust companies, retirement funds and retirement funds are life-threatening issues.
10 years, 20 years. No, the money I’ve accumulated over 50 years turns to ashes.
What would you think if we rescued it?
“Even if you lose 100 million dollars, this is a gain.”
With $100 million, the Federal Reserve, the central bank of the United States, was obtained. could win public opinion. When the public votes, the legislators move.
Parliament is moving.
Do you want to miss this golden opportunity?
Whether it’s 1 billion or 2 billion.
Then you should pour it out right now.
“Still, the canary must ring once more.”
Damage to civilians should be minimized.
The risk they ate was now being absorbed by the institutions like a hippopotamus.
“If there is a bank run, the White House will change its mind.”
The main focus of this panic is the bank run, no matter what anyone says.
The crash of the New York Stock Exchange would also be a big shock, but I thought I would take this opportunity to fix America’s underdeveloped finance.
“Banks, trust funds, and financial institutions have no intention of making safe investments. If they lose, it’s not their own money, it’s the customers’ money. Do they think about these risks?”
If I earn it, it’s my money.
If you lose, your money.
Since there is no risk that investors actually have, they rush to the speculation board by collecting debts with customers’ money.
It borrows leverage up to 10 times or even 20 times with customers’ money and throws funds into the New York Stock Exchange.
However, in leverage, that is, borrowing transactions, a margin call occurs when the stock price falls below the minimum limit.
“If you invest with debt and are forced to liquidate due to a margin call, you become a debtor in an instant. All the money the financial institution has is blown into the air. Then what about the customers who invest in trust companies?”
“You’re going to lose all your money.”
Those who speculate will have their licenses revoked in the financial industry.
However, customers who have entrusted their funds to the trust company have lost all their fortunes.
Retirement funds, severance pay, savings accounts, and the blood and sweat are entrusted to financial institutions, and then disappear like ashes in an instant.
“This is the most backward system that New York Wall Street has.”
Investing with your customers’ money is not a bad thing. Customers are aware of this in the first place and deposit for the purpose of asset management or disposal.
Customers who get commissions or returns trust them and put their money in them.
It could be a two-sided mistake, though.
This novel was posted at https://readwn.com
Ordinary people never know the madness of Wall Street. They are unaware that their money can turn into pieces of paper overnight.
“19th century Wall Street is madness itself. I can assure you that no matter what I do, I can’t bring about as much madness as this Wall Street.”
For some reason, James was looking at it with a kind of… expression, but at least I wasn’t speculating.
It was an activist fund management strategy in which I made the board and moved the chess pieces accurately.
It is different from the speculative forces who throw without thinking about risk management.
Moreover, this is a phenomenon that is happening even in the 21st century like Optimus and Lime Fund.
Customers don’t know if it’s a speculation, they invest and blow it all away.
This backwards system is a good cause.
“We’re going to work the media to set up an agency to control this as a cause. We’re going to expose Wall Street’s loopholes with this panic and then appeal to them that they need shackles.”
It serves as a good excuse to set up the Federal Reserve or the Securities and Exchange Commission.
“We will move the New York Southern District Prosecutor’s Office and the Treasury Department. Through the Treasury Department, the Internal Revenue Service (IRS) will be dispatched to capture and prosecute all evidence of fraudulent accounting or illegal dumping.”
The New York stock market crashes.
And as the cause, the speculative forces hang their heads. These guys were also social evils that gamble with customers’ money, so sympathy was enough.
In return, we set up the Federal Reserve and the Securities and Exchange Commission on a private initiative.
“Let’s remove the ladder.”
I sucked all the honey.
There is no need to manipulate stock prices and there is no need to speculate. It has grown to a size where huge income comes in even if it is operated soundly.
Now we are just managing these huge amounts of money.
“But. I still need one more shock.”
Ringing the canary only once and destroying the coal mine is a bit odd, isn’t it?
There will be people who can’t hear it.
I think I’m a pretty merciful person.
“James, how many shares are left in the railroad fund?”
“I haven’t been able to dispose of 30% yet.”
“It’s 30%…”
just right
It was enough to shake the New York Stock Exchange once.
I waved my hand.
“Throw it.”
It might be your last chance.
Know how to escape.
A shadow was cast on Wall Street.
“The Canary of New York. (2) > end
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