Quantum Fund’s choice to withdraw meant that the longs in the United States subprime market had conceded in the first phase of the decisive battle.
The battle between long and short sides started thunderously and also ended thunderously.
According to statistics procured afterward, the entire first phase of the decisive battle lasted less than 6 hours from the beginning to the end of a trading day. However, for exactly 6 hours, the capital confrontation between the two parties had reached 100 billion US Dollars while the fluctuation of funds driven by radiation had even reached a trillion dollars in scale. It was only a capital match between the two parties that lasted less than an hour but the wealth it evaporated was enough to instantly develop a small African country with a population of hundreds of thousands.
The financial war was so excessive and terrifying.
It started from the JW Foundation’s choice to launch an offensive on the subprime market without warning, to the so-called cooperation from some major states, to the flash collapse of the subprime market. Then, Quantum Fund and Layman jointly entered the market to rescue the market, the market rebounded, and JW Foundation retreated.
After that, JW Foundation launched a counterattack. The largest real estate investment trust in the United States issued a divestment announcement, the market began to experience an avalanche, and Quantum Fund fell silent in the face of the general trend because it could not fight back.
All this happened one after another.
Finally, the market became a carnival for the short side. At the same time, it was also a carnival for JW Foundation.
“Yes! Yes! Yes! F*cking yes!”
Even Baz, who was usually calm and collected, jumped on his chair the moment the market closed and swung his suit jacket around, screaming wildly. It was not only him, everyone was cheering, celebrating, and hugging. They were cheering for the victory in the first phase.
Standing behind the glass of the command room, Jasper crossed his arms in front of his chest as favonovel.com watched his team cheering under him. He smiled softly and said, “These people have been suppressed for too long.”
Jake walked next to favonovel.com and his eyes were shining with the same excited glint. He said, “However, Mr. Laine, this is just a victory in the first phase. The few major investment banks including Layman, the Feds, and the United States government have not taken any action yet. When that happens, it will represent the real challenge.”
Jasper replied calmly, “Since we can’t avoid the trouble that’s soon to come, we should let them be happy while they can.
“Tell everyone that they’ll get an additional half-year bonus. It’s to thank everyone for their hard work.” Jasper’s words caused Jake to beam immediately.
Even with Jake’s current income, favonovel.com was already pretty well-off. He could buy anything as long as favonovel.com wanted to, but who would not want to work under a boss who was so considerate of his subordinates?
Moreover, his men did not have his level of income. If they got an additional half-year bonus, based on the basic income they got in JW, it would be equivalent to giving everyone half a house. He was also very willing to see this.
“I’ll thank you on everyone’s behalf then, Mr. Laine.”
Jasper waved his hand and said, “You should go and celebrate with them. It’s closing time now so you should relax a little. Eat anything you want and have all the fun you want, but you can’t drink alcohol. After all, the next opening is less than ten hours.”
“I understand. Work is important.”
After Jasper left the room, Conrad and Henry walked toward Jasper.
“We’re going to prepare the plan.”
Conrad’s words caused Jasper to nod. He answered, “You guys should make the necessary preparations. Then, bide your time and wait for my announcement. If we make it through tomorrow, the collapse of the subprime market will speed up, which will be followed by a real financial crisis. In this kind of crisis, Layman will be the first sacrificial offering. When that time comes, it’ll be your time to shine.”
Conrad nodded in acknowledgment. He said, “I understand, I’ll discuss the details with Henry.”
“Hey, how dare you call me by my first name..!”
