American Fortune Life

It's a deal worth the rest of your life.

Andy was incredibly in favor of this phrase, and he stared at the picture in his hand, believing that Wall Street, and even a large group of professional researchers across the United States, would draw and stare at this trend map, and even a bestselling book in '05 gave sufficient data to give a clear warning of the jump in house prices after 2000.

Unfortunately, most people succumb to trends and lose common sense.

Even Fed President Bernanke said directly in a recent public meeting: "We've never experienced a drop in house prices across the country! ”

You should know that Bernanke is an expert in the study of the Great Depression. He is a man of high standing, who should be in the position of the highest macro manager. He should be able to see the risks, but he still doesn't know enough about what is happening in the market and eventually misjudgment occurs.

The same form is worthless in the hands of those who understand, and worthless in the hands of those who do not.

Andy has never relaxed his learning of financial knowledge, and what he asks of himself is not to be an expert, but he must be involved in a wide range of issues, be able to read all financial statements, financial charts, have a systematic understanding of all financial terms, and other tasks are naturally done by his think tank.

This graph is based on the assumptions he made that the analysis of academic, government literature and market data by think-tank analysts, day and night, are based on basic research and clearly reflect the distortions in the US real estate market.

Andy sat alone at his desk, his eyebrows stretched, took a cigar out of the jing wooden box on the table, slowly started baking it, then lit it, took a sip, it was half an hour before the meeting, to be honest, his mind wasn't so calm, although he was a crosser, had eyes through the future, and confirmed the irreversible xing of the subprime crisis in the world of this life, but it was more of a lonely bet to put all his money into one bet, not hundreds of thousands, millions of dollars of money, but hundreds of millions of dollars of chips, calm, ignorance only ghosts.

In his previous life, he even had to buy a house to borrow technology death home, now he had to bet hundreds of millions, even if the success rate was extremely high, before the bag was sacked, it was a pain, not those Wall Street fund companies, playing with other people's money, every penny put into the market is his sweat money.

Keep a heart of awe and vigilance. Andy never thought how awesome he was to be a crosser, he could rely on the prophet's perception to succeed more than most people, but he wasn't a god, and he couldn't crush everything at all.

Blanking is a very dangerous thing, and on the blank death list, there has never been a shortage of successful bosses, hasty adventurers and pioneers before dawn. Andy had to validate his confidence because this bet had a long waiting period and a six-month painful time.

It's not a novel, it can be handed over, what a chivalrous gap, blinking between the eyes, the day is going to pass.

Drop...

“Boss, meeting time is up... ”

“Well, I get it! ”

Andy turned off the answering machine, pressed the cigar, took the suit off the hanger and put it on, came to the front of the cap mirror, pulled the collar, slightly straightened his body, raised the corner of his mouth, revealed a confident sunshine smile on his face, he was a decision maker, a contributor, but the real attack ahead was his subordinate, he could dictatorially decide the target, but he also needed his subordinates to know their intentions, understand the purpose to be achieved, and there was no problem with every link.

Pushing the door out of the office, she turned around and looked at the little secretary of the glasses that had removed the makeup on her face. Her eyes couldn't help but shine. She looked a little like Princess Kate of England. Well, she looked a lot clearer than Kate. She could clip the exaggerated texture of a fly without a smile. Much smoother eyes.

Tory glanced carefully and looked up at Andy's gaze, and his pretty face lowered his head slightly.

“Now this makeup looks good... ”

Andy walked up to the conference room after a faint remark. The little secretary looked at the back of his departure, took a sigh of relief, stretched out his little hand and patted himself on his shrugged little breasts, and saw that his work could be preserved. There should be no problem in turning around.

Pushing open the door to the conference room, everyone stood up from their seats and greeted them with a smile on Andy's face. He nodded and went to the top of the oval table and said, "Sit down! ”

After watching everyone sit down, Andy flashed his chin slightly, standing at the door, Joseph nodded silently, took the door from the outside, and Kenny sat in the lounge chair by the conference room door.

“Before the meeting begins, please sign an agreement, Tom.” Andy glanced at Tom, the lead attorney for the think tank, who nodded his head, took a piece of paper out of the bag, handed it to his assistant and let him distribute it.

Budstone looked at the confidentiality agreement in his hand and frowned lightly, but without hesitation, he picked up the brush and signed his name.

Andy had a faint smile on his face, watched everyone sign his name, Tom's assistant retracted the agreement, and after Tom checked, he nodded his eyes at Andy to make sure it was okay.

“Cough, some of you will wonder why you should sign a confidentiality agreement, and of course, some of you have already signed it, and you've been involved in the whole thing up front, and the next thing we're going to talk about is the investment plan for the next two years, which is very... I don't know, it's gonna be crazy! Don't be surprised for a while, then, Al, you're next. ”

Andy coughed softly, attracted everyone's attention, explained seriously, and nodded to Alvitelli.

“Okay, boss.” Ar stood up from his seat and came to the projection screen. From the person sitting in the corner, he showed himself. In the conference room, where the curtains were closed, the lights turned off and it looked darker, leaving only the light of the projection screen.

“After the boss set up the think tank, the boss and I came up with a crazy point of view, which was based on what I had in mind, because it was that the U.S. real estate market had collapsed! ”

Al's voice had just fallen, and the attending executives of Freedom City had to change their face, and Budderstone was full of water. He knew about it. After all, Andy had first raised this point with him, but he had done some research at the time, but was not so pessimistic that he believed that the real estate decline might occur in the short term, to say collapse, but not so much.

Participants were experts in finance, and they were well aware of the dangers of this view xing. Of course, singing down American real estate was nothing new. In '05, people had been singing down and all sorts of alarming opinions appeared from time to time. Especially in September last year, a few people on Wall Street were selling insurance bonds that broke the real estate bubble, especially Michael Bray, the untold fund manager, who was ignoring customers, raising funds, gambling with Deutsche Bank, inventing a new financial derivative, and then became the object of a laugh on Wall Street.

This is dangerous because my boss seems to believe this set of claims, and today's meeting to sign a confidentiality agreement seems to have begun around a real estate crash.

As everyone calmed down, Al continued: "Based on the boss's point of view, I and my team collated the details from 1975 to 2000 and finally came up with this map of real estate trends. You can see that the blue line is uncut of inflation, the red line is uncut of inflation, and the trend is very clear. The bubble in the real estate market is really big, and the recent decline also heralds signs of bubble rupture. ”

“It's impossible! All rating agencies did not downgrade the two major real estate companies, and I still have a slight increase in real estate stocks despite a slight decline in the market, which Fed Chairman Bernanke has just confirmed. “

Speaking was one of the management of the Free City Investment Company, who was also promoted by Andy himself. He was very good at real estate stock and had made a lot of money for the company before. He didn't believe in the rupture of the real estate bubble, but though he didn't believe it, his face became a little ugly and panicky, and he was still very worried that things would really happen.

Budderstone looked at him, his eyebrows slightly wrinkled and looked back at the young boss, who had no facial changes.

“Heimer, you actually know more than anyone that real estate has huge bubbles. After all, you're an expert in this area, and you're just reluctant, or deliberately ignoring, the risk of bubble rupture.” Andy looked sharply at Heimer, who had just rebutted, and said softly.

“Boss, I...” The look on Heimer's face was ugly and he wanted to explain something, but Andy waved and said coldly: "At this time, Wall Street, has been kidnapped by mortgaged bonds. Under the background music of" The Price Always Rises, "common sense and risk are left behind, and it is the only way to make money. Isn't it strange that rating agencies are losing their justice? ”

Andy didn't mean to target Heimer. After all, Heimer's views basically represent the views of the vast majority of Wall Street JING Englishmen. All they see is hurry to make money. As for risk, let's wait for the crisis to come.

“Mortgage company profit-driven loan abuse, radical leverage from the public, crazy packaging deals from Wall Street Investment Bank, and closing the eyes of rating agencies make it hard for me not to make the view that the bubble is about to burst, so I'm going to have to listen to Al, because, it's important, I need each of you to understand what this diagram represents again, and it's a multi-billion dollar diagram! ”