Chapter 898 You can't just want to eat meat and don't want to be beaten, right?(1/2)
At this time, Fang Chen's expression suddenly became much more subtle. Two of the three giants went to two at once, and Italy, which was previously ranked fourth, had already withdrawn.
No wonder Germany would compromise.
If it continues to be uncompromising, there is no need to call it the European exchange rate system, just call it the German exchange rate system.
However, this would indeed be a big trouble. If the pound exchange rate really rose, not only would his work have been in vain during this period, but he would also have to pay a lot of money.
Fang Chen rubbed his face feebly, his head hurt.
"Then what are you going to do now?" Dean Zhu suddenly asked with a cold expression.
Fang Chen took a look at Dean Zhu's aloof appearance, as if the rise and fall of the pound had nothing to do with him and had nothing to do with him. He couldn't help but roll his eyes several times.
If he didn't know this, he would have thought that the rise in the pound exchange rate was just his personal loss.
Fang Chen rubbed his temples and said helplessly: "Cold salad..."
"How do you mix cold salad?" Dean Zhu glared at Fang Chen angrily.
Fang Chen is usually quite eloquent, but at this critical moment, he will let him off the hook.
"Keep playing, I don't believe that the pound can really rise above 2.95. Besides, I am using triple leverage. The pound has to rise three times before I can finish all my money. I have the ability."
If the pound goes up to 9:1 and the German mark goes up, if it goes up, I'll call this Major, grandpa!" Fang Chen rolled up his sleeves and said fiercely!
To be honest, he didn't believe how high the pound could rise. It couldn't even rise to 2.95. After all, everyone knew and acknowledged that the pound exchange rate was artificially high.
There is no basis for the GBP exchange rate to rise to 2.95.
In addition, Germany, France, and other European countries are not Buddhas and cannot cut their flesh to feed the British.
He judged that European countries would allow the pound exchange rate to rise above 2.7780 and prevent the United Kingdom from withdrawing from the European exchange rate system. He would give everyone an explanation and let everyone, especially France, see that Germany, the leader of the European economy, is still willing to think about everyone. It is bleeding.
, that’s all it takes to maintain the unity of European countries.
According to Zhu Changhong's operation, his funds entered the market at about 2.9420, which means that as long as the exchange rate of the pound does not rise above 2.9420, he will not lose money.
Furthermore, he has three times the leverage, which means that only when the pound rises about three times based on 2.9420, will it touch the liquidation line set by major investment banks. That is his real capital.
When there is no return.
Before hitting the liquidation line, he was only losing money, and it was still a loss on paper.
The nature of the foreign exchange market and the stock market is like this. As long as there is no delivery, the loss is only on paper. If the price rises, you can still maintain your capital or even continue to make money.
But the question is, could the pound more than triple to 2.9420?
Impossible, absolutely impossible.
If the pound can really rise to this level, the British can enshrine Major as their ancestor, burn incense, kowtow, and worship every day.
At that time, Britain's economic strength was almost half that of the United States, and its per capita income was three times that of the United States.
Fang Chen is actually a little lucky now that he was more careful and only used three times the leverage. If he had used thirty times or even fifty times the leverage, if there was a fluctuation in the pound this time, he would have to fold it all in.
But to be honest, based on his two billion US dollars of capital, if he really wanted to leverage thirty times or fifty times, probably no investment bank would dare to take it or have the ability to do it.
And even if the pound exchange rate can rise temporarily, if it falls back, it won't be too late for him to deliver. In that case, he probably won't lose money, and may even make a small profit.
So, how could he not continue to spend money!
Of course, he does not rule out that the pound exchange rate can remain above 2.9420 without falling.
After all, Germany, France and other European countries all came to the rescue of Britain. Unbelievable things like this had happened. He wouldn't be surprised if something weird happened again.
And as a reborn person who is well aware of the terrifying butterfly effect, he deeply understands that the more deeply he is involved in an event, the greater the possibility of a bizarre turn.
Perhaps, the crazy actions of European countries now have a lot to do with his direct participation in this life.
There is no way, who makes him the second largest air force after Soros, and the joining of the national team this time has nothing to do with him. The impact on the sniper pound exchange rate is naturally as big as grandma's house.
Thinking of this, Fang Chen couldn't help but twitch the corner of his mouth, and his heart ached a little.
You know, based on his US$6 billion capital, for every fifty basis points of the pound's rise, he will basically lose US$10 million.
This is not a small amount of money. The annual fiscal income of a medium-sized county in China with hundreds of thousands of people is only so much, but he ended up losing it in minutes.
In addition, Zhu Changhong reported to him just now, saying that with the sharp rise in the pound exchange rate, the increase in British bank deposit interest, and the German Bank's interest rate cuts and selling of German marks in exchange for pounds, etc., the German stock market has turned from bullish to bearish and plummeted in an instant.
.
If we withdraw now, we will probably lose a lot of money, at least 50 million US dollars.
And this withdrawal will definitely provide impetus for the pound exchange rate to rise.
But if we don’t withdraw and the German stock market continues to fall like this, the losses will be calculated in hundreds of millions of dollars.
Fang Chen couldn't help but cover his heart tightly at this moment. If this was a loss of hundreds of millions of dollars, even he would be heartbroken. After all, his capital was only two billion dollars, and he was still waiting for the rice to be cooked, waiting for this
Qian asked Qingtian Communications to fight against Fujitsu and other international communications giants.
"No, even if I spend all my money now, I can't let the pound rise like this!" Fang Chen said fiercely.
If the pound exchange rate were to be beaten down and fall by 20% according to the trajectory of the previous life, he would probably earn about 700 million U.S. dollars this time. But if the pound cannot be beaten down and the pound rises, he would have to pay at least 100 million U.S. dollars, except here.
Calculated here, whether the pound exchange rate rises or falls can determine his income of more than 800 million US dollars.
This is a bit scary!
Therefore, he must fight hard this time!
As soon as the thought occurred, Fang Chen suddenly looked at Dean Zhu and asked, "Stop laughing at me. What are you going to do? Should you leave or stay?"
Dean Zhu rolled his eyes at Fang Chen, was he laughing at Fang Chen?
It’s simply slander!
Seeing that Dean Zhu was silent, Fang Chen shrugged indifferently and suddenly said seriously: "I advise you to leave. The funds in your hands were saved bit by bit by ordinary people in the country, unlike me.
, this is all my personal money, no one will say anything if I lose it, but if you pay, this reputation will be greatly affected."
Dean Zhu is going to do big things in the future. If he is affected by the British Pound issue and even fails to take over as cabinet minister, then he will be guilty.
It can be said that from now to 2003, the overall situation of domestic economic development will be supported by Dean Zhu.
Without Dean Zhu, he really couldn't imagine what direction China, with its more than one billion people, would go in the future, and how much losses they would suffer.
The losses may be calculated in tens of billions of dollars.
When the time comes, he will really die without redemption.
Although he feels that he has reached "Da", and he can certainly do many things that benefit the country and the people, society, and even the world, compared with what Dean Zhu can do, it pales in comparison. Yinghuo
Compete with the bright moon.
Hearing this, Dean Zhu glanced at Fang Chen approvingly, and then said slowly: "I'm afraid the compensation won't be much. After all, there is no basis for the pound exchange rate to rise, but if someone gossips, that's probably for sure..."
Speaking of this, Dean Zhu's expression became a little desolate, even with a hint of helplessness.
In addition, if he hadn't cared about the pound exchange rate, how could he have kept this brat Fang Chen in charge of two meals?
If outsiders knew this, I don’t know what they would think.
However, he is quite confident in his judgment.
The reason why he was willing to invest funds and take this risk was not only because he felt that Fang Chen's analysis was reasonable, but also because he felt the same way. The think tank below also judged that the possibility of the pound exchange rate falling was relatively high.
If he only listened to Fang Chen's words and made such a big bet, then he would be really crazy and there would be no way he would be able to reach this position.
"So I said, you can withdraw. As long as you don't invest the funds in your hand, it will not be considered a loss. The real possibility of losses is the part of the invested funds." Seeing that Dean Zhu was a little moved,
Fang Chen struck the railroad while it was hot.
After pondering for a while, Dean Zhu said: "I will not invest the remaining funds that have not been invested, but I will not deliver the money. I will wait and see first and see the results of your operation before making a specific decision.
, and it’s not too late.”
"Let the bullets fly?" Fang Chen said with some uncertainty.
Let the bullets fly?
Dean Zhu was slightly stunned, smacked these five words, and then glanced at Fang Chen approvingly. He really didn't expect that Fang Chen could say such a philosophical sentence.
"Well, that's right, let the bullets fly." Dean Zhu said.
Seeing that Fang Chen still wanted to persuade, Dean Zhu said directly: "No need to say any more, I can still afford to lose ten or twenty million US dollars, and if I hadn't already made nearly one hundred million US dollars before, no one would be able to fault me.
Reason, the foreign exchange market is inherently a risky place, you can’t just want to eat meat and don’t want to be beaten, right?”
Dean Zhu had made up his mind, so Fang Chen didn't say anything, but he still gave Dean Zhu a thumbs up in his heart.
He is not like him, who gets carried away and makes a desperate move. He is not arrogant in victory but not discouraged in defeat. He is steady and like an assassin, he can retreat in a flash and kill in an instant. He pursues the greatest interests and achieves the goal.
All these require him to study hard.
Even if he wants to go further and take charge of a bigger business in the future, he really needs to learn more from Dean Zhu.
"However, if you want to continue to suppress the pound exchange rate, you have to see if your allies have the same thoughts as you. If not, it will be bad." Dean Zhu reminded.
Fang Chen nodded solemnly. The thoughts of his allies were indeed more important. If everyone withdrew, especially Soros, the tallest person, he would be left with these three people.
A billion dollar short position in the British pound was enough to make a fool out of it, and it was swallowed up in minutes.
But the question is, how can he know what other people are thinking?
To be continued...