The atmosphere in the command room was a little heavy.
Although Conrad only made a suggestion, Jasper’s previous order was to prevent Layman’s attempt to rescue the market, but Conrad’s proposal was in sharp contradiction to this. He proposed not only to allow the other party to rescue the market, but also to sell the orders they had already sold to Layman.
This was a very risky move.
It was not just that the decision itself was very risky, it had a heavy cost if they failed. If they did not carry this out well enough, it was likely that the upper hand that JW Foundation had established in the subprime market would disappear instantly.
More importantly, this was also a risky move for Conrad. No one dared to question Jasper’s decision within JW.
Jasper was not only the founder of JW, but favonovel.com raised JW from a little-known small company to the point where it was now a domestic private enterprise giant. Therefore, whether it was ordinary employees or high-level employees within JW, they were all used to the enormous weight of Jasper’s words.
Be it was personal prestige or otherwise, Jasper was the undisputed king in JW.
However, Conrad just joined JW, and favonovel.com had immediately put forward his own suggestions. It was not wrong to prove yourself when you had just joined a new team, but it also depended on what position you were in.
As an executive joining a new company, his first suggestion was to question the boss’s decision. This was not a wise move regardless of the circumstance.
Jasper did not say a word and Jake did not dare to breathe.
On the contrary, Conrad was very calm. After speaking, favonovel.com stood silently aside with a calm expression on his face.
Valentine, who did not even have the right to speak, looked at Conrad with distressed eyes at one side.
Conrad was not a subordinate even when favonovel.com was in front of Fabian. At most, favonovel.com was a collaborator with no right to speak. Even the very arrogant Fabian had never denied this before. Now that favonovel.com had joined JW, favonovel.com needed to be scrutinized and questioned whenever favonovel.com spoke up.
It was unknown how much time passed since favonovel.com said this. It might just be ten seconds or maybe even a few minutes before Jasper nodded suddenly and said, “Very good…”
“Carry out Conrad’s suggestions.”
Jasper raised his head to look at Jake and Baz. He frowned and said, “You should learn more from him. If you have your own ideas, you should say them boldly. I won’t eat you. Besides, I am not a god, and I may not always judge the situation correctly every time. The decisions I make may not always be the best choice too.”
Jake and Baz looked at each other and nodded quickly.
“Go on and continue with your work”
Jasper dismissed the two with a wave of his hand. Then, favonovel.com raised his head and smiled at Conrad, “What I need is someone who can look at the problem from a perspective that I can‘t see, and then tell me what they observe. I know you are the most qualified person to do this.”
The expression on Conrad‘s face was neither sad nor happy. He replied, “Since I decided to help you, I won’t let you down as long as you don’t let me down.”
Jasper laughed. He said, “Good, I was waiting to hear this from you.”
While the two were talking, Jake and Baz began to implement the suggestions provided by Conrad.
The funds held by the JW Foundation began to slowly liquidate and withdraw from the market. Meanwhile, Layman and the Quantum Fund were obviously frightened by the orders JW Foundation gave up on.
This was like a hunter who has been preparing for several days and was cautious and energetic about hunting that, upon sighting his prey, was now suddenly taking the initiative to chop off one of his arms and throw it on the ground.
The immediate reaction of Layman and Quantum Fund was not surprise, but confusion.
Was JW Foundation crazy?
Or did Jasper suddenly come to a realization?
However, the market would not allow them to hesitate for too long. With the withdrawal of JW Foundation’s main funds, the short pressure on the subprime market suddenly eased, so the long institutions and retail hot money immediately seemed to spot the opportunity for a feast. They were all pouncing on this with their eyes twinkling.
In the blink of an eye, most of the first batch of orders released by JW Foundation was devoured.
Then, Layman and Quantum Fund did not want to care much anymore, so they immediately began to swallow all the remaining orders.
“Market confidence in the subprime market is returning.”
In the command room, Jasper and Conrad stared at the screen intently.
“Everything is going as expected. The market’s rebound sentiment will be released in this wave. In this way, it can be regarded as a disguised relief for the pressure we may bear in the future.”
Conrad looked thoughtful and said slowly, “If your target was the subprime market from the beginning, then under the first step, the market was like a river being blocked off by a dam, and now it is properly discharged. Not only will it reduce the pressure on us, but it can also reduce the total volume of water.”
“The problem is that it’s difficult to grasp to what degree this is happening.” Jasper accessed the entire subprime market transaction data. His pupils reflected the dense stream of data, but favonovel.com was able to accurately capture the information favonovel.com wanted from these massive lines of numbers.
Jasper rubbed his temples. When favonovel.com had just finished speaking, Baz returned to the command room with the latest news.
“The Feds issued an announcement. They are announcing a cut in the interest rate and the required rate of return!”
Jasper and Conrad’s expressions changed at the same time and a spot was immediately cleared on the screen to show the latest announcement of the Feds.
“The Feds are so confident to drop 0.25% of the datum point in one go!” Conrad said, looking at the contents of the announcement.
The so-called interest rate cuts and required rate of return cuts were to reduce the interest rate on national loans and reduce the proportion of reserves that banks needed to hand over to the central bank. In other words, this was an economic stimulus policy that made people realize that it was not profitable to store money in banks. At the same time, it forced them to withdraw money for investment.
Throughout the world’s central banks, lowering interest rates and required rate of return or raising interest rates and reserve funds were the most effective means for central banks to control their economies on the macro-level.
“This is only the Feds first action plan. If things go as expected, they will join the game not long after this announcement,” Jasper concluded.
“Time is running out. We must take more drastic measures to build a favorable position for ourselves before the decisive battle begins.”
