The capital market was the most sensitive market to policies. What’s more, it was the Feds’ policy and the United States capital market.
It was no exaggeration to say that whenever the Feds sneezed but no one else heard it, the capital market in the United States would have already begun to sell cold medicine.
There were no exceptions this time.
Because of the global attention on the battle between JW Capital and Wall Street capital, people were more concerned about, and sensitive to, the Feds’ policy now.
Almost at the same time as the announcement, the capital market began to explode with a huge positive rebound.
Because of the huge short pressure exerted by JW Foundation and Harbor City capital, the entire subprime loan market was stunned and began swarming with disaster victims.
The self-rescue behavior of Quantum Fund and Layman Investment Bank also gave the market a little confidence. When the Feds’ announcement was issued, the entire subprime loan market immediately came to life.
The rebound sentiment and the stimulus of the favorable policy itself had caused the subprime loan market to rebound rapidly. The points previously lost due to Jasper’s actions were quickly covered in a short period and, in some places, even exceed the initial amount.
“Mr. Laine, the current subprime loan market is at 19,800 points, which is 300 points higher than the 19,500 points when we entered the market before.”
More than ten minutes later, just as Jasper and Conrad were discussing the next deployment arrangements, Baz came in to report the situation.
Jasper glanced at the screen, pondered for a moment, and then said, “How is our current funding situation?”
“Not too good.”
Baz was obviously familiar with all the core data, and favonovel.com replied simply, “Before the opening, our total capital was 229.2 billion US Dollars. Although we retreated quickly in the Dow Jones market, we still lost more than 40 billion US Dollars, 15 billion US Dollars of which are losses due to settlement transactions from before the lockdown.”
“But fortunately, due to our proper strategy and timely strategic withdrawal, we not only did not accumulate a debt in the subprime loan market, but instead made 3.8 billion US Dollars.”
“Our current capital is 195 billion US Dollars.”
With this news, both Jasper and Conrad breathed a sigh of relief.
“Fortunately, the loss is much smaller than we thought,” Conrad said to Jasper.
“But it’s still too little,” Jasper said helplessly.
Conrad advised, “This is something that can’t be helped. Aren’t you causing trouble for yourself by competing with Wall Street or even the Feds to see who has more money?”
“According to the plan we discussed, do you think the funds are enough?” Jasper asked.
Conrad thought for a while and grinned at Jasper. “It’ s definitely not enough, but it shouldn‘t be a problem.”
Jasper guffawed and pointed his finger at Conrad. He said, “You punk, I must keep you with me forever. If I let you leave, you’ll be more terrible than any enemy I have ever encountered.”
This was not Jasper flattering Conrad. Jasper did not need to flatter Conrad with the relationship and status between the two.
It was from the heart.
Until now, Jasper knew very well that it was by pure luck that favonovel.com could defeat Conrad in the first place, at which point favonovel.com took advantage of Conrad underestimating him.
Conrad faced several failures, and Conrad became scarier after each one, but by the time Conrad finally grew to a terrifying level, favonovel.com and the Montys could not challenge Jasper’s resources and connections anymore. Hence, Conrad took refuge in Fabian. However, when favonovel.com was with Fabian, Conrad was obviously just used as a pawn and had no right to speak. Otherwise, if Conrad had Fabian’s resources, Jasper would feel as if favonovel.com had thorns under his skin.
Conrad obviously understood what Jasper meant. He chuckled, making no comment.
It felt as if the two of them were talking in riddles, and Baz was confused. He could understand every word, but when they were put together in a sentence, favonovel.com found that favonovel.com had no idea what the two were talking about.
Finally, Conrad turned his head and said to Baz, “First, ask the entire team to close all the positions with a loss of more than 40%, and then collect the funds. Mr. Laine wants to do something big.”
“Close the positions that have a loss of more than 40%? If we do this, our total losses will increase by at least 30 billion USD dollars!”
Baz was taken aback and looked at Jasper subconsciously.
Jasper waved his hand and said, “Just do it. It’s cumbersome to keep these positions even if we don’t close them. Furthermore, they will expose the movement and position of our main funds when they are liquidated.”
Baz stopped hesitating since Jasper said that. He turned his head and went out immediately.
As soon as Baz went out, Jasper found the number given by Mr. Pratt of SBS Bank. At the end of this number was a fund team under SBS Bank.
This fund team was backed by the development bank. Usually, they would not show up and there was no trace of them at all in the domestic financial market. However, if the market ever displayed abnormally large fluctuations, this fund team and several other teams from the national banks would appear.
As long as they appeared, there would be nothing that could not be taken care of in the domestic financial market.
This was a team that operated as private capital but upheld the will of the country.
There was a traditional and ancient name in Somerland that fitted them, and it was the palace guards. The palace guards of the financial system. This was the tacit understanding in the riddles exchanged by Jasper and Conrad just now.
Jasper asked Conrad if favonovel.com had enough funds, and Conrad said it was not enough.
The capital market was all about funds and the money on hand was ammunition.
If one did not have enough money, they would not be able to play the game. They could not do anything even if the gods came and helped them.
However, after that, Conrad said that the problem was not big, which was also the case.
Jasper had never revealed to Conrad that favonovel.com still had a hidden trump card, but Conrad was mostly right about this. Hence, this was why Jasper admired Conrad and even praised favonovel.com that if favonovel.com was still the former’s enemy, favonovel.com would constantly be lying awake at night.
Just when Jasper was about to use the power of the SBS Bank, Henry, who had been out to answer a call for almost half an hour, came back.
“Harbor City wants to have a video call with you.”
Conrad said immediately, “I’ll go out to take a look.”
After Conrad left, Jasper asked Henry, “Did your dad ask for it?”
“It’s the others,” Henry stammered.
Jasper nodded and said, “I will arrange for someone to get into contact with them.”
“It’s no big deal. With my dad over there, they won’t be able to do anything over the line.” After Henry comforted Jasper, favonovel.com turned around and left the command room.
