God of stocks chapter 422

Chapter 422 Revealing Enthusiasm (2)

When Lee Sang-hoon did not say anything, Kim Jung-soo continued the story with a face full of confidence.

“Did you talk about exchange rates? It will also actively intervene in the exchange rate market, and the KOSPI will no longer allow it to collapse. KOSDAQ… … . Let me be honest. Even individual investors who have entered the KOSDAQ and are crying, blowing and messing with each other cannot afford to care. We will only carry exchange rates, bonds and KOSPI. Keeping there is a top priority.”

Lee Sang-hoon was not able to gauge how far the active intervention in the exchange rate they were talking about. But one thing was for sure.

‘Active intervention? You decided to go through them.’

If the exchange rate was not carried out as a peg like China, there was a high possibility that active intervention would come as a double-edged sword. And even China, facing the United States, was fiddling with the abolition of the peg system.

It may be referring to the market average exchange rate system, which is a compromise between the fixed exchange rate system and the free floating exchange rate system in the 90s. There was no tile.

If so, it meant that he would eventually catch the exchange rate that would swell the dollar in the market, but it was an attitude that questioned whether it was correct to properly grasp the current market situation.

It would have no meaning if we continued to continue the current state of vaguely pouring money. In the midst of not even showing a willingness to fundamentally solve the problem, the supply of dollars was only “welcome”.

The same was true of the stock market.

There was no answer if active intervention was to tie the hands and feet of institutions in this way. Seeing that he was calling himself to talk like this, he was thinking that the purchase funds of other institutions were running out.

Seeing that Lee Sang-hoon’s selling position of about 500 billion won was called directly by the vice-minister and asked to release it as if negotiating, it seemed reasonable to think that other institutions could not afford to buy.

Lee Sang-hoon began to think he wanted to sell more at Kim Jeong-soo’s words. This is because it was certain that the actions of those who seemed unanswered would at any time be bombs and shock the market.

“Then it can’t be helped. Just revoke our license and recover your national pension investment. I will also return the funds invested to me. And I will continue to work with my personal funds.”

Anyway, I couldn’t retire from what came this far. Lee Sang-hoon once again pressed Kim Jong-soo.

Kim Jong-soo also knew that the easiest thing to do was to recover the national pension investment. However, if you cancel your license, you can’t cancel it right away, and if you think about the time it takes to recover the investment amount, you don’t know how long it will take.

And when it comes to the recovered funds, it was only half of the selling position held by SH Partners. Now, even a penny was a regrettable moment, so even the other half was feeling big.

Kim Jung-soo said with a sigh.

“good. Then we make a compromise. Let us know when you release your short position and try to sell again. And we hope you will actively reflect our opinion when opening that short position.”

“Are you saying to get permission?”

“Not until permission. However, it is a story asking for the position to be revealed. I don’t want to say that I went in and left, but I want to hear the story of trying to enter. And when things get worse, please reflect our opinions as we do now and release the selling position. How is it? Isn’t that all right?”

Lee Sang-hoon had no choice but to nod his head when he said that. He couldn’t keep insisting on his own stubbornness. And I didn’t say not to do it, but I also thought that there was a need to put their faces back to the line asking for their position to be revealed.

“good. I am satisfied with that degree.”

“Then, would you please release the short position you are holding?”

“You know, it is not easy to solve it right away. And today, it seems like the deadline is over, so I will prepare from tomorrow and actively solve the day after tomorrow. Until then, the Vice Minister also organizes the consigned investment project and hand it over to us.”

“I do it. I would like to ask you to proceed as soon as possible.”

When the story was over, Lee Sang-hoon shook hands with Kim Jeong-soo. Then, after a simple greeting, I opened the door and went out.

A fast-beating heart, a heated face, and sweat rising up in the palm of the palm represented Lee Sang-hoon’s heart now.

Lee Sang-hoon was worried that someone would come to catch him, so he rushed out of the building. Then, I hurried to catch a taxi and headed to the office.

“I guess I’m crazy. I’m crazy.”

The person who sat face to face a while ago was not the one whom Lee Sang-hoon could talk with guts. In any case, it wasn’t SH Partners that he could blow himself in one shot.

In addition, the current regime was different from the former regime, which deserved to laugh even if they joked in front of the president. It wasn’t as much as in the days of the military dictatorship, but the atmosphere wasn’t soft enough to have to worry that it might be found as a corpse.

It was hard to feel the reality that I had the guts out loud and disliked in front of such an opponent. Lee Sang-hoon closed his eyes and tried to calm his fluttering heart.

Meanwhile, the car arrived in front of the building where the office was located. Lee Sang-hoon got into the car and went up to the office, and when he arrived, the staff came to him at once and greeted him.

“Are you okay?”

“Fine.”

The staff gathered and looked around to see if Lee Sang-hoon’s body was really okay. Lee Sang-hoon said that it was okay and patted the staff one by one. As much as he was surprised, they would have been as surprised as they were, so Lee Sang-hoon tried to calm the employees’ surprise.

Meanwhile, Kim Hee-yeol approached and tapped Lee Sang-hoon’s shoulder and said.

“I was surprised. People in black clothes dragged the CEO and thought that something had happened. I couldn’t even contact you, so I was so nervous. Where on earth have you been?”

“I went to the Ministry of Strategy and Finance to find it.”

“The Ministry of Strategy and Finance? Did you find the CEO there?”

I didn’t think it was just like ordinary gangsters, but when an unexpected story came out, everyone looked at each other with surprises.

Lee Sang-hoon went into his room and sang Kim Hee-yeol. Hee-yeol Kim walked into the room with Lee Sang-hoon, who seemed to have something to say to him, and said to Lee Sang-hoon.

“Are you really okay? Hey. We were really surprised. Even after you left, the building security company just came and it wasn’t an uproar. I heard that the police escorted me from outside until you left, and I thought I wasn’t going to a normal place, but why were you called to the Ministry of Finance? Is that because of our short position?”

Lee Sang-hoon nodded at Kim Hee-yeol’s words.

“That’s right because of our short position. It seems that other places now have no room to buy. So they call us up and tell them to pull the short position.”

Lee Sang-hoon briefly explained the story he went to Kim Hee-yeol. Hee-yeol Kim listened to Lee Sang-hoon’s words, and his facial expression changed every moment. And he shouted amazed at the story that he had bent in front of Kim Jeong-soo.

“Hey. You crazy. They say it’s difficult to loosen the short position, and say they hate it so much. We’re not losing money, we’re profiting. Why? You guys are then dragged to where neither the mouse nor the bird knows. Do you know who you are in the black clothes you’ve come to today? They were people from Naegok-dong. I couldn’t talk because I wanted to find you in Naegok-dong, and I honestly thought you were a spy. Because I was a spy inside, I knew a lot of information that we didn’t know, so I even thought of getting it right.”

Lee Sang-hoon burst into laughter when Kim Hee-yeol announced the affiliation of the people in black suits. And seeing that his expression was serious, he felt that it was no joke that he saw himself and thought he was a spy.

“How much a spy would you know better than others about the movement of the stock market? And why are you escorting me in Naegok-dong? Are escorts now their job?”

“Do not laugh. Are you not nervous?”

Unlike Kim Hee-yeol, who has a serious face, Lee Sang-hoon only laughed at Kim Hee-yeol’s words. But it’s only for a while. Lee Sang-hoon got up from his seat and approached Kim Hee-yeol closely and pressed his face.

“uh. uh. What is it?”

To avoid Lee Sang-hoon, who suddenly touched his face, Kim Hee-yeol bit his body back. However, Lee Sang-hoon grabbed Kim Hee-yeol’s fat with both hands and pulled it toward him.

“I’m crazy as you say. Can you trust me and follow me?”

“Why is that? I’m scared.”

Kim Hee-yeol looked at Lee Sang-hoon’s red eyes, as if blood was falling from his eyes, and turned his face to avoid whether he could not see them straight. However, Lee Sang-hoon pulled Kim Hee-yeol further and put him in front of his face.

“Let’s play”

“What? What do you see?”

“I see a match… … . Do you know what was the reason why Jojo of the world suffered from the red wall? Because there is not enough gossips? Epidemic? no. Because I was desperate. Because I was desperate, there was a gap, and gasoline dug into that gap.”

“What are you talking about? Why are you suddenly talking about red walls? What happened to your head?”

Kim Hee-yeol thought what had happened to her head after Lee Sang-hoon was taken to the Ministry of Finance. It didn’t seem normal to make a sudden, erratic sound.

However, Lee Sang-hoon’s mind became clear, unlike Kim Hee-yeol’s thoughts.

“Why would they call me now? From their point of view, I’m just one of the insignificant asset managers. The amount of money under management is also insignificant in their eyes… … . However, the vice-minister’s level personally called me to ask for a purchase and also accepted my ridiculous requests. You can tell without seeing how bad things are right now. I try to compete with that eagerness. Can you follow me?”

“Are you talking about playing against the country right now?”

“country? okay. You might be right to say that you are playing against the country because you are trying to compete against the people who run the country.”

“What are you going to do?”

“What about… … . When all the national pension money comes in, I will pour all the money into the sale. I talked about it with a similar nuance anyway. Of course, I don’t know how to actually put all the money into selling. I am trying to dig into the loopholes in that despair.”

“What dude? It’s all pouring into sell? You said you asked me to buy it? What do you mean when you make a promise with someone who asks you to buy it and pour it out with a sell?”

Lee Sang-hoon released the hand that held Kim Hee-yeol’s fat and stretched out the place with his hand.

“Buy it. Of course I do. You know, but didn’t you say you’re going to clean up once? I mean after that. Probably, Vice Minister Kim wouldn’t have been told that I was selling on the spot immediately. You wouldn’t really think you were selling here again. So, it seems like you accepted my suggestion roughly by asking you to say something… … . Let’s fight. Can you follow me?”

“What are you worried about? I have to follow you as you are going.”

“When desperateness turns into anger, betrayal comes with it. think carefully. It’s me, I’m trying to play here, but you could just follow me and go over to wholesale money.”

Hee-yeol Kim said, stirring his hand at Lee Sang-hoon’s words.

“OK. Will I do more than die. Just do whatever you want. I’ll be in charge of the back. Take it from the front. They are desperate anyway, so if a situation arises, we will forget what we did and ask again. I’m not worried.”

Lee Sang-hoon tapped on the shoulder of Kim Hee-yeol, who talked boldly, and then said with a shoulder.

“Let’s go. If you’ve come this far, I’ll see the end.”

***

From the next morning, Im Se-jong, head of the Financial Crisis Countermeasure Headquarters of the Ministry of Finance, called Lee Sang-hoon every hour.

It was a phone call asking why he wasn’t going to liquidate quickly, and Lee Sang-hoon was holding on with excuses saying that it would be difficult to arrange right away every time.

Anyway, it was Lee Sang-hoon who thought that he was holding the key right now. Although they may have regrets, they decided that it was not a situation that could help them.

In the past during the military dictatorship, he would have dragged himself to Namsan and forced him to tap the keyboard to press the liquidation button, but this was not the case. It was an era in which everything was accomplished by contract and the property of others could not be freely touched.

Lee Sang-hoon, knowing that, stood up and burned their sweetheart with words.

The index, which ended at 1,286 with 1,300 broken the day before, was rising in the aftermath of the central banks of seven countries, including the United States, simultaneously announcing a rate cut to overcome the financial crisis.

Starting with the FRB, ECB, BOE, Canada, Sweden and Switzerland all urgently cut 50bps, while China joined in the process of cutting loans and deposit rates by 27bp and reserve rates by 50bp.

This cooperation, in which the U.S. took the lead and lowered the standard interest rates of advanced countries at the same time, was unprecedented and was a measure that no one expected.

In addition, the US has not stopped here and announced that it will issue 20 billion dollars of government bonds for 10 years and to stabilize the yield of government bonds by issuing $60 billion of government bonds within a few days to prevent supply shortages in the government bond market.

However, despite the surprise rate cut and the issuance of government bonds, New York’s three major stock markets were still falling.

The announcement of a surge in inventory in the United States created a market atmosphere that oil prices were below $90 and a 50bp cut would not make a difference. In addition, just before the close of the market, US Treasury Secretary Henry Paulson showed a drop of more than -1% due to remarks that financial institutions should be mindful of further bankruptcy.

Nevertheless, it was only the power of the institution that Korea showed a plus.

When the exchange rate approached 1,400 won, foreigners made a gesture that they could no longer invest in the Republic of Korea, and even individuals were releasing their long positions as they had no money to put in.

However, only the institution was buying up every day and receiving the quantity of foreigners.

korean novel God of stocks chapter 422

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