The Genius Grandson Of The King Of Private Bonds - Chapter 839
Only Ranovel
#839
Find out what the problem is
After Park Seok’s announcement that he would give up running, there was a lot of talk about the primary within the moderate party.
Woo Young-sik, who became the sole candidate for the Moderate Party, appeared on current affairs programs of several broadcasting stations and told a variety of stories.
Of course, it was Myung-soo who suffered the most behind the scenes.
They closely marked Woo Young-sik, who had poor political sense, and transformed him into a politician rather than a prosecutor Woo Young-sik.
Opinion polls that appeared intermittently were talking about Woo Young-sik’s overwhelming victory.
I left Myeongsu in charge of matters related to Wooyoungsik and then let go.
“Ah, this is finally over now.”
KS Group’s Choi Woo-sik was kicked out and Yoon Hyun-joo was officially inaugurated as chairman.
On the day she took office as president, she shocked the business world by immediately announcing that she would sell several affiliates.
They declared that they would be the first to liquidate the terminal business, which is completely tied down by regulations.
As promised to me, she sold the terminal production plant to us.
“Boss, here is the acquisition agreement.”
Eva handed me the factory acquisition contract.
After briefly looking at the neatly organized contract, I nodded in satisfaction.
“Good job. “If it weren’t for Eva, I would have had more trouble.”
“It’s like just putting a spoon on the table that the boss has prepared.”
I heard you’re humble. Of course, I drew the overall picture.
However, it is also true that things were organized more easily thanks to Eva, the expert.
“What is going on with Director Yoon Hyeon-joo’s slush fund money laundering?”
“I’m still moving it around from account to account. “They say it takes some time because we have to avoid looking at the United States.”
“okay? Then quickly organize it and hand it over. That way, you will be able to wash your hands cleanly. And we handed over our KS Group stocks in a timely manner.”
“Okay, boss!”
“How is the stock liquidation going?”
“I’m working on taking a long time to sell it slowly. “If we throw everything we have, it will have a big impact on the market.”
After all, you should leave the job to a capable person.
The amount managed by Mirae Investment, run by Eva, was billions of dollars.
If all stocks were thrown away at once, the stock market could fall like dominoes.
“Is the market still a flower viewing area?”
“of course. Actually, I still don’t know why. “Why is the boss telling me to liquidate my stocks?”
No one could yet predict the economic crisis that would occur a few years later.
No, the people making predictions were already out there.
Right now, the U.S. Federal Reserve was like that.
In 2001, the year after the dot-com bubble burst, Federal Reserve Director Edward Grammrich warned of the risks of subprime mortgage loans, and some people expressed concern about a bubble in the housing market.
However, these voices could not elicit any response in the current market.
“If you look at the current situation, you don’t understand what I’m saying, do you?”
Eva nodded and smiled awkwardly.
Evana and Han Kyeong-young, neither of them understood my choice.
Since she was the one walking with me, I decided to give her a little more hint.
“The future I predict will come soon. A small typhoon that started in Southeast Asia swept through the entire East Asia. But before the aftermath could disappear, the dot-com bubble burst around the world.”
Eva nodded.
She was also one of those who took advantage of it and made huge profits.
“The United States had no choice but to lower its benchmark interest rate from 5.5% to 2% in one year. “To release liquidity into the market.”
However, the decline of the Nasdaq index could not be stopped.
It only calmed down after it fell by more than half a piece.
And from then on, the seeds of nightmare began to grow.
The decline in base interest rates did not only affect stock indices.
“After that shock, the world economy began to grow. “In particular, China’s growth has been amazing.”
“Isn’t this normal movement? China’s economic growth rate is increasing every year. “As the base interest rate has been lowered, the market will naturally react if the amount of money released into the market increases.”
As if asking what was the problem, Eva tilted her head and nodded at what she said.
“I understand if the money had just flowed into the stock market. But that’s not the real bomb.”
“for a moment. “The stock market isn’t the problem?”
Eva asked back with a surprised face.
“If not the stock market… “Are you really talking about a mortgage loan, boss?”
Eva’s face turned pale as she finally understood what I was trying to say.
“okay. “Home mortgage loans will be a bomb that will shake up not only the U.S. economy but the entire world economy.”
The desire to have a nice home was a common desire not only in the United States but also among people around the world.
The U.S. government wanted money released from the market to go into the stock market.
However, when the base interest rate fell, capital from around the world flowed into the housing market.
From then on, people began to fall into a big delusion.
The belief that the housing market will rise forever. The moment that trust was broken was the beginning of catastrophe.
A representative example was nearby.
Because Japan, the country next door, collapsed due to a real estate bubble.
Fortunately, we were able to overcome this crisis as a single crisis for Japan.
However, the 21st century global financial market is characterized by simultaneity.
If a problem occurs on one side, a problem will inevitably occur on the other side at the same time.
“Are home equity loans that risky? Enough to collapse the entire world economy? I also know that housing prices in the United States have risen more than 100% in 5 years. However, Wall Street believes that this is a normal increase caused by the increasing housing supply rate and the U.S. government continuing to encourage home ownership.”
It was also problematic that most investors, as well as Wall Street, thought this way.
Eva also belongs to the mainstream, so she couldn’t escape that category.
Well, if it weren’t for my memories from my last life, I might have thought the same as Eva.
“It could be seen as a normal rise. “If only the hyenas of Wall Street hadn’t jumped in.”
“······boss. “What does that mean?”
“I can’t tell you everything yet. Let me just say that timing is a problem. The bomb will definitely explode. And the impact will be nothing compared to the dot-com bubble.”
When I spoke with confidence, Eva was shocked. He seemed even more surprised because I had rarely been wrong before.
“It’s nothing compared to the dot-com bubble?”
“of course. “You might feel like the dot-com bubble was just a scratch.”
“The housing market and Wall Street’s greed combine and a bomb explodes…”
Eva muttered to herself and was lost in thought.
“Homework, Eva. Let’s find out what the problem is. “If you find it, I will grant you a wish.”
“what? Is it true, boss?”
“Did you see me lying? Take a look. “I wonder what might explode.”
Eva will be able to quickly understand the current market condition.
Home mortgage loans were a problem, but the various derivatives resulting from those home mortgage loans were a bigger problem.
“It will be an opportunity we will never get again. So, slowly withdraw the funds as I instructed.”
“But if you’re sure, shouldn’t you bet short?”
“Not yet. Because it’s still a small seed. Leave it alone until it explodes and continues to grow greedily. The more it continues to pile up, the bigger the fruit we will pick and eat. “You know what I mean?”
Eva rolled her eyes and smiled at my words.
“okay. I will finish the arrangement slowly to a level that does not shock the market. “Still, we won’t be able to recover all the funds until the end of this year.”
“That’s enough. “It’s going to get busier starting next year.”
After talking with Eva a little more, I sent her away.
After sending her off, I immediately called the United States.
– Charlie! long time no see.
Steve Jobs answered the phone with a happy voice.
“Are preparations going well for launch, Jobs?”
– Foxconn is already operating the factory at full capacity. However, the problem is that I don’t know if we can meet the desired quantity on the release date.
“Ah, then we will consign the quantity to be released in Korea.”
Jobs’ voice became angry at my words.
– Oh, you took over the factory? We tried to hint at it, but the price was outrageous. I just let go after that. No matter how much it’s Charlie’s request, how dare you show such boldness against me? I will never let that company sell my iPhone!
After all, there is an end to it. Although he doesn’t show it to me, he was originally famous for being timid.
I smiled and calmed Jobs, who was angry.
“haha. There is no room to release the iPhone right away either. And you already signed an exclusive contract with Korea Telecom, right? “For the time being, we have an exclusive contract with that carrier, so we won’t be able to sell it even if we want to.”
– That has already been reported. It’s a good carrier. But what does Japan plan to do? Now is the time to prepare and promote it.
I sighed inwardly at Jobs’ words. At times like this, I really wish I had two bodies.
“I’ve been a bit busy these days, so I haven’t been able to pay much attention. First of all, simultaneous release in the US and Korea is a priority. We’ll start selling it in the Japanese market next year, so we can start negotiations later… “I’ll move right away.”
The iPhone, which was released exclusively in the U.S., was scheduled to be released all over the world, starting with Europe, a few months after its simultaneous release in the U.S. and Korea.
“Don’t worry about China.”
– Has China decided on a telecommunications company?
“no. But there is a place for it.”
– You will grant all my demands, right? Otherwise I won’t release it in that country.
“Of course I know. “I’m sorry that the production plan was disrupted because of me.”
I asked Steve Jobs to temporarily close Foxconn’s Chinese factory.
As a result, the iPhone’s production schedule was pushed back by several months.
– Don’t worry too much, Charlie. I wonder if I can’t do anything for you. She’s my muse.
I laughed out loud because Jobs deliberately exaggerated his words.
“Thank you, Jobs. Then, dispatch a technician. “In order to fix production facilities, it would be better for Apple employees to come directly and take the lead.”
– good. I’ll send it right away.
After finishing my phone call with Jobs, I took a moment to collect my thoughts.
There must be a lot of work to do one way or another. After finishing organizing, I immediately called Director Ma.
“Chief. Please contact Joongwoo Group and let them know that an Apple employee will be visiting soon. “All of the production plants we have acquired this time must be converted into facilities for producing iPhones.”
“yes. “I will convey it that way.”
“And please contact Softbank and tell them you want to meet with them about the launch of the iPhone.”
“Are you going to go to Japan yourself?”
I shook my head. Do I really need to move?
“Someone who is disappointed has to come. Tell them to come directly. Or please tell me you’re looking for another partner.”
“Okay, boss.”
Softbank did not yet have a telecommunications company.
I heard that Masayoshi Son contacted Apple several times to sell iPhones to Japan.
But Apple didn’t give any indication.
“Let’s see if Chairman Son Masayoshi flies in in a few days.”
Masayoshi Son was once called Japan’s richest person with assets exceeding $10 billion, but after the collapse of the dot-com bubble, he was too late in responding and his assets fell to $1 billion.
Moreover, his success story was slowly coming to an end as I invested first in the Chinese market where he should have invested.
When the dot-com bubble burst, 90% of Softbank’s market capitalization disappeared, and all kinds of media attacked him, questioning his management ability.
Since Korean-Japanese people were called the richest people in Japan, it was obvious how hurt their pride must have been.
The dark Japanese media was rejoicing over his downfall.
“welcome. “Chairman Son.”
“Long time no see. “Boss Kim.”
Son Jeong-ui visited Korea one day after receiving the call.
“You came earlier than expected.”
“Is it true that President Kim has the exclusive right to distribute the iPhone in Japan? “Apple said they couldn’t confirm it.”
“Why would I lie to Chairman Son? “Let’s sit down and talk slowly.”
He rushed to Korea within a month with only uncertain information.
This meant that he was pushed to the edge.
< These are my conditions >
