Rebirth capital madman - Chapter 1223

To solve the banking crisis, the most basic trick is indispensable, that is, to inject liquidity.

President Gao didn’t need to think too much, he could guess that Mie Yeyasu, a colleague, wanted to ask about his high-end experience as the governor of the Central Bank.

Speaking of which, Mie Yasushi is also in a dilemma now. He has punctured a stock market bubble and a real estate bubble by tightening monetary policy; When it can be avoided, if liquidity is injected, it means that the monetary policy will take another sharp turn and become loose.

This kind of adjustment that always breaks through market expectations is not conducive to the market that is in urgent need of stability.

Moreover, the credit bubble is not easy to squeeze out, and if the monetary policy turns quickly, all previous efforts may be wasted.

And you must know that IFINANCE is a system, and there is a larger global financial system outside, and next to it is the US financial system with a strong influence. In the interaction, the situation is extremely complicated, and the gap between the actual effect and the expected effect is commonplace.

Let’s take the relatively most intuitive currency exchange rate as an example. Since the collapse of the Bretton Woods system, the exchange rates of various currencies have fluctuated. Only considering these fluctuations, who has appreciated and who has depreciated? We can only refer to the U.S. dollar to compare the rise and fall. If the rise is large, the value will appreciate; if the fall is large, the value will be depreciated.

Switching to the monetary policy controlled by Mie Yeyasu, it is also foreseeable that with the end of the current recession in major global capital markets, the monetary policy of the United States will definitely be loose, so as to stimulate the economy. It is easier to understand from the perspective of the trajectory. The Internet wave in the United States is about to rise, and it will eventually evolve into an Internet bubble. Could it be that the monetary easing in the United States during this period has increased the money in the market?

The governor of the central bank is like this, with his eyes wide open, observing the situation inside and outside, calculating various influencing factors, sometimes putting more effort into his hands to squeeze the bubbles; Live, fell to the ground.

When talking about these changing factors, President Gao couldn’t help but sighed. There are still many internal differences between the upcoming banking crisis and those in Xiangjiang, because the consortium of Yiben is common. The core of each consortium is the bank. When liquidity is injected, it must be because of the nepotism in the system. Even if the member companies are rubbish, the banks will rescue them, so that the bad debts of the banks will be even worse.

Therefore, Gao Xian said to Mie Yasushi from the bottom of his heart, “In my opinion, in the end, only large-scale bank mergers and acquisitions can effectively solve the problem of massive bad debts. Now we need to trade space for time, and try not to squeeze together. thunder.”

Regarding the subtext in President Gao’s words, Mie Noyasu can be said to have figured it out clearly. His tenure as the governor of the central bank is destined not to stop. Considering the infighting between the central bank and the Ministry of Finance, as well as the country next to it, Sometimes, for their own benefit, they take action or sow dissension, or directly intervene to influence them. It is hard to say whether he can die well, but “delaying” some problems to the next term or successor is a solution.

Mie Yekang was very grateful to hear that, Sir Gao was able to tell everything without saying anything, and he gained a lot at once.

On Gao Xian’s side, through his own “paying”, he outlined a portrait of Mie Yasushi’s temperament and thoughts after he was promoted to the governor of the central bank. It is no exaggeration to say that the next few years will The logic and thinking of how Li Sanzhong Yeyasu made decisions are more traceable.

In this case, the new financial technology around the yen and Japanese government bonds is more secure.

…

Compared with the stop in Tokyo, the trip to New York is even more worth mentioning, because Gao Xian wants to talk to David Rockefeller about something in exchange for some benefits.

One of the secret financial skills mastered by Gao Yi’s family, the restrained trading strategy, has been shared with Chase Bank.

Although Gao Xian judges that the “limited period” before the convergent trading strategy is discovered on a larger scale is running out, large Wall Street investment banks such as Morgan Stanley, Goldman Sachs, and Salomon Brothers should not have discovered it for the time being. It’s just a superficial, so this sharing should bring another honeymoon period to Chase Bank and Gao Yi.

The specific sharing, including the mathematical model researched after discovering the convergent trading strategy, and part of the transaction data suitable for verification, the tolerance and sincerity shown are so great that Chase Bank immediately put it into use without hesitation. up.

With this foundation, President Gao generously asked David Rockefeller for something.

In terms of benefit exchange, Gao Xian still trusts David Rockefeller’s reputation.

For example, the last king of Yin Lang, Pahlavi, wanted to flee to the United States, but the Carter government at the time did not agree. Finally, David Rockefeller personally broke into the White House, and Carter nodded in agreement.

As for the hostage crisis at the American embassy in Tehran and the King Pahlavi’s expulsion from the United States, it is another matter. David Rockefeller did take action for the benefit of the previous king Pahlavi.

After chatting about some gossip, such as the artwork that Gao Xian presented to the Rockefeller Family Museum, etc., Gao Xian naturally changed the subject, mentioned the business of the trip, and asked David Rockefeller for a favor.

The main benefits of President Gao this time are a bit complicated to say, but as simple as possible, they include:

As Xiangjiang is an independent customs territory, Gao Xian hopes that the US government can give more preferential treatment with a longer period of time and greater intensity, such as quotas and tariffs for import and export of goods.

In fact, as early as the early 1970s, not long after Gao Xian entered Xiangjiang, Xiangjiang’s textile industry was still very large, and the issue of export quotas to the United States was involved.

The reality is like this, the big market of the United States is extremely important.

Another advantage worth mentioning is that the United States has a complex control system for the export of products and technologies, such as the Batumi mechanism, which is quite famous.

What Gao Xian meant was that the export control history of products and technologies has a long history, but can Xiangjiang’s level be a little higher, such as D level? If there are too many restrictions, it will be really difficult to do business.

David Rockefeller laughed out loud, and Sir Gao’s appetite was getting bigger and bigger.

President Gao explained solemnly that the interests of American companies in Xiangjiang are getting bigger and bigger. I believe that they also benefit and support them. I even expressed everyone’s aspirations.