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Or the 'Westeros effect'.
It can be considered a coincidence again. On February 2, the second day after Simon arrived in China, Han Bao Steel Company, which ranked No. 4 in South Korea and is also the second largest steel giant in South Korea, suddenly declared bankruptcy. The South Korean stock market plummeted immediately, and then It was transmitted to Japan, Singapore and other countries, causing the stock markets in Southeast Asia to fluctuate and fall.
The main reason for the collapse of Han Bao Steel and even the Han Bao chaebol, which controlled more companies behind the scenes, was debt.
For its own rapid expansion, Hanbo Iron & Steel Co., Ltd. has frantically promoted the construction of a 2-million-ton steel plant with a mere 98% of its own funds in recent years. The other 50% of the funds come from various banks, insurance companies, etc. in Korea and abroad. Financial institutions, let’s not say how many of them violated the regulations. After all, some normal financial institutions should not provide a company with a loan of [-] times leverage level. .
These days, South Korea is also celebrating the New Year, but the South Korean government is devastated.
In order to avoid a chain reaction caused by the collapse of the Hanbo chaebol with a total debt of more than 5 trillion yuan, the South Korean government had to urgently provide 5000 trillion won in relief funds to fill the financial loopholes for the Hanbo chaebol to avoid systemic financial risks in the Korean economy.
The wind blows Qingping.
The economic prosperity that began in the 80s in Southeast Asia inevitably led to excessive investment in various industries. These investments not only consumed the wealth brought about by the economic growth of the country, but also caused investors to borrow heavily from the international market, which in turn consumed income from a thriving export business.
All of this eventually led to huge debt problems hidden in the entire Southeast Asian region.
Debts will eventually have to be repaid.
The result that has not been reached is first of all the bankruptcy of the enterprise. After the bankruptcy of the enterprise, if there is a lack of remediation and the huge debts cannot be repaid, it will cause problems in the capital chain of banks and other financial institutions, and eventually go bankrupt.
If real industries are organs, financial institutions are the blood that connects a country's economy.If there is a problem with a single organ, as long as it is repaired in time, or even removed, it will not necessarily be life-threatening.However, once the bloodline completely collapses, it will definitely be difficult to survive.
In this Han Bao Steel incident, the South Korean government has limited the negative impact to the financial institutions, that is, the blood of a country, before it is hit by the decisive rescue.
However, once the debt scale is too large, even the government cannot save it. The result is a large-scale bankruptcy of financial institutions, the impact is transmitted overseas, and a large amount of international debt cannot be repaid. Cooperating with the currency sell-off, it will cause a country's currency to depreciate sharply, and the national wealth will directly evaporate and dissipate.
This is the economic crisis.
In fact, not only South Korea, Thailand, once the outbreak point of the Southeast Asian financial crisis, has also begun to experience small-scale debt defaults in recent months. It is only because the scale is far inferior to Hanbao Steel that it has not attracted too much attention.
During the flight of more than ten hours, Simon read a thick stack of analysis materials on the economic situation in Southeast Asia, but did not do anything, and remained on the sidelines.
The $30 billion in funds has already been lost to Soros, and Cersei Capital also has its own layout. If the general direction is correct, Simon is too lazy to delve into the details.
This time, Simon's main target is South Korea.
In fact, Japan is more attractive.
However, on the one hand, Japan is too big to eat. On the other hand, the Japanese economy is far from being as open as the outside world imagines, and it is even quite closed, which is really hard to eat.
South Korea is different.
After this impending crisis, the Korean economy will be forced to open its doors wide to the world.Moreover, South Korea's current GDP volume of around US$6000 billion is basically within the appetite of the Westeros system.
The most important thing is that compared to other countries in Southeast Asia, South Korea has many industrial fields that Simon is very interested in. The two major targets that have been locked in advance include electronics and entertainment. After the investigation and research in recent months, combined with the information in memory , and two more specific items, shipbuilding and construction.
Now South Korea has reached the world's top level in the field of shipbuilding and construction, and the key is a considerable cost advantage. Investment in these two fields will bring considerable returns in the future.
As far as electronics goes, that's a fairly broad concept.
Because Simon hopes to cut off the development of South Korea's entire industrial chain in the electronics field through the manipulation of the Westeros system this time, and only serve as a component supplier for the Westeros system.
In this regard, the former Apple is simply breeding tigers.
Of course Simon will not make this mistake again.
For example, Samsung, this time, semiconductors and LCD screens, can only choose one, even if it is a single semiconductor field, Samsung can only choose one of them, and will not let it develop in an all-round way.
The final entertainment industry, of course, is to suppress the whole thing, not letting go of music, film and television, and games.
After all, this is the field Simon is most familiar with.
Moreover, Simon needs a bridgehead in the entertainment industry in the Greater China region. It takes time for China to grow, and Japan is still too closed. South Korea is just right.Controlling audio-visual entertainment, on the one hand, is the pacifier, and on the other hand, it is also public opinion.As for playing with the thighs occasionally, it's just by the way.
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Chapter 1100 Liquidation
Simon returned to Los Angeles and resumed his busy work.During this period of time, one of the most watched events in Hollywood is undoubtedly the re-screening of the "Star Wars" series.
In order to celebrate the 20th anniversary of the release of the Star Wars series, and also to warm up for the upcoming Star Wars prequel series, on January 1, "The Phantom Menace of Star Wars" reopened in North America with a scale of 30 screens.The status of the Star Wars series in the United States is like that of "Journey to the West" in China.
From January 1st to February 31th, during the first seven days of its re-screening, "The Phantom Menace of Star Wars" easily won a box office of 2 million US dollars. The unpopular schedule at the end of January, the box office momentum is no less than that of a popular schedule. Bomb, this shows the powerful appeal of Star Wars i.
Affected by the re-screening of the Star Wars series, a series of old films released at the end of last year, except for "Good Will Hunting" and "The English Patient" and a few awards season films that still have spare time, the rest are entering the final stage.
On the list of the same week, "Charlie's Angels", which followed Star Wars and ranked No.2 at the box office, was released for the seventh week. The cumulative box office of the time is 7 million.
No.3 is "Mind Catcher".
Counting from the screenings, in the 9th week of its opening, "Good Will Catcher" continued to earn 25 million US dollars with a single-week drop of 669, with a cumulative box office of 1 million US dollars.
It seems that the single-week box office of "Charlie's Angels" is still higher than that of "Good Will Hunting", but pay attention to the decline. It is not difficult to find that "Charlie's Angels" fell by 7 in the seventh week of release under the impact of "The Phantom Menace of Star Wars", while The decline of "Good Will Hunting" is only 43, and the trend is much more stable than that of "Charlie's Angels". It is not a problem to survive the Oscar.
No.4 and No.5 "Game of the Brave" are almost tied with "The English Patient", earning $503 million and $501 million respectively.However, the status of the two films is similar to "Charlie's Angels" and "Good Will Hunting".
"Game of the Brave", which was released in the 8th week, has a 39-week drop, with a cumulative box office of 1 million US dollars.
Also in the 8th week, "The English Patient" took in 19 million U.S. dollars with a drop of 501 in the same period, and the cumulative box office was 3637 million U.S. dollars.
Outside of the top five, "Wonder Woman 2", which was released in Thanksgiving last year, is completely over.
上映第11周《神奇女侠2》以逐渐缩减到565块银幕的放映规模,再次进账163万美元,累计票房达到4亿1509万美元。随着2月7日丹妮莉丝娱乐为了推出新片进一步缩减《神奇女侠2》画布影片后续票房将再次大幅缩水预计后续最多进账200万美元本土总票房将停留在417亿美元上下。
After the first week of Star Wars re-screening, Daenerys Entertainment also began to focus on the 1996 film business.
Feb. 2, a new box office week with January's well-received Sundance film, Two Smoking Barrels and Following.
It is still the same time that the UK and the US are drawing.
Simon originally hoped that "Two Smoking Barrels", which had far surpassed North America's box office in the UK, and another more phenomenal "Six Heroes of Light Pigs", would first open in the UK to accumulate popularity before transferring to North America.However, after seeing the packaged marketing plan for the British film in February proposed by the company's publicity team, Simon decisively approved this new strategy.
The main reason is that this strategy does not include the once phenomenal film "Six Heroes of Light Pigs". As for "Two Smoking Barrels", the British box office in memory is 2800 million pounds. It is undoubtedly a success, but it is far less than breaking British history. The box-office record for "Six Heroes of Pigs" is £1m so even a little deviation is irrelevant.
In addition, this package release strategy is not limited to "Two Smoking Barrels" and "Following". The most important thing is "BJ's Diary", which will start production on Valentine's Day on February 2.
Although the heroine of the new version of "BJ's Diary" a few years earlier is Julia Roberts, a typical American girl, but the film's behind-the-scenes team and story content all come from the UK. It is not too unreasonable to say that it is a British movie.
Let's talk about "Two Smoking Barrels" and "Following".
Continuing their stellar reputation at the Sundance Film Festival, the first two low-budget dramas have gained widespread recognition in both the UK and US mass media.Moreover, according to Simon's proposal, not only Nolan's "Following" Guy Ritchie's "Two Smoking Barrels" was also labeled as "brain-burning". After all, the film's multi-line narrative technique The complexity far exceeds other similar projects in recent years, and it can indeed be described as brain-burning.
The general praise of the media and the curiosity of the audience poked by the brain-burning label, the two films successfully grabbed considerable public attention in front of the re-screening of Star Wars that sells emotions.
2月7日到2月13日的开画首周,《星球大战幽灵的威胁》重映次周依旧高达2635万美元的虎口之下,《两杆大烟枪》和《追随》,分别以规模相当的763块和712块开画银幕规模,成功斩获541万美元和465万美元票房。
The two box office data may not seem to be much, but in just one week, the box office revenue of the two openings has directly exceeded their production costs.
Not only that, calculating the average number of venues, "Two Smoking Barrels" reached US$7092, and "Following" was as high as US$6530. In February's cold schedule, there were less than 2 screening screens. Such venues can basically be regarded as big sellers.At the same time, the two films followed "The Phantom Menace of Star Wars", "Good Will Hunting" and "Charlie's Angels" and squeezed into the top five of the weekly box office list, ranking No.1000 and No.4 respectively.
Later, during the premiere of "BJ's Diary" held at the Chinese Theater in Hollywood on February 2, the creators of the two films "Two Smoking Barrels" and "Following" attended the show together, adding fuel to the flames of Daenerys Entertainment Now, the three films are officially bundled together, making the popularity of the two films after a good start rise again.
With the popularity at this time and the market that lacks strong rivals in the near future, it is expected that the two films can be easily shown for a long time until Easter at the end of March. Everything is not impossible.
Considering the low investment of two or three million U.S. dollars for the two films, the box office return of ten times in North America alone, plus overseas income, the profit level of the two projects is no less than that of some blockbusters with mediocre performance in the market. .
February 2, Valentine's Day.
As Daenerys Entertainment's first feature film in 1996, "Bj's Single Diary" opened in North America on a large scale with 2513 screens.
Same rave reviews.
After the word-of-mouth ban was lifted on the second day of the premiere, the comprehensive media score of the film quickly reached an excellent score of 83 points.
"Variety" magazine commented that "BJ's Diary" is another smart, alternative and delicate love movie after "When Harry Met Sally" and "Four Weddings and a Funeral".
Julia Roberts' self-destructive image performance by gaining 30 pounds on her own initiative was also recognized by the media.
The "New York Times" commented that Julia's weight gain not only did not conceal the charm of the actress, but made her more attractive.Famous film critic Roger Ebert also praised Julia's double breakthrough in image and acting in "Chicago Sun".
Although the Valentine's Day schedule also includes "Vegas Vacation" starring veteran comedy star Chevy Chase produced by Warner and "Friends" actor Matthew Perry and Mexican actress Salma Hayek produced by Paramount The starring romance film "Silly Love Come True" started production at the same time, but under the bombardment of Daenerys Entertainment's bundled distribution strategy of pushing three films together, even the re-screening of "The Phantom Menace of Star Wars" was overshadowed. The attention of the other two new films is even more different.
On the other hand, after the re-screening of Star Wars and the packaged marketing strategy of Daenerys Entertainment re-stimulated the market, the industry generally predicts that the box office of Valentine’s Day, which happens to start on February 2, will once again surpass the total box office in North America. The 14 million yuan mark, most of which will be divided up by the few films with the highest attention.
Subsequent facts also proved the case.
Julia Roberts' box-office appeal hasn't faded too much, even though she has been overtaken by the rapid rise of blockbuster movies in recent years. With a good story, this not-so-American sweetheart is better The market potential of Hollywood actresses has been stimulated again.
Just in the first weekend, "BJ's Diary" successfully won a box office of 2629 million US dollars, easily reaching the sales level of over [-] in three days.
Immediately afterwards, in the complete first week from February 2th to February 14th, the first-week box office of "BJ's Diary" finally reached 2 million U.S. dollars, and the seven-day pavilion was close to 20 U.S. dollars.For this film, which also took the initiative to get out of the stable long-term before the Easter schedule, this is an excellent opening result.
Ranked No. 2, "The Phantom Menace of Star Wars" was originally expected to even have a reversal this week. Under the impact of several new films such as "BJ's Diary", the reversal not only failed to materialize, but the box office fell by 22 in a single week. $2061 million.
"Vegas Vacation" produced by Warner Bros. ranked third, but its first-week box office was the next level, earning only US$1176 million. 2054 screens opened, which is equivalent to barely breaking through 5000 US dollars per movie theater. It is conceivable that this movie will be quickly eliminated after the box office week of Valentine's Day.
No.4 Paramount's "Silly Love Comes True" is almost in the same situation, with 1674 opening screens and only $913 million in the first week.
Under the impact of three new films, Guy Ritchie's "Two Smoking Barrels" successfully held No.5.
In the second week of its release, due to the success of the first week, Daenerys Entertainment increased the number of screening screens of "Two Smoking Barrels" and "Following" to more than 1000. Big Smoking Gun" took in 1076 million U.S. dollars in the next week with a screen size of 753, and the box office fell as much as 39%.
Although Nolan's "Follow" was squeezed out of the top five, with the increased screen size of 1029, it still managed to hold No. 6 on the list, earning 621 million US dollars, and also achieved a 33 reverse decline.
Although this week is quite special, under such performance, Daenerys Entertainment raised the domestic box office expectations of "Two Smoking Barrels" and "Follow" to more than 3000 million US dollars at the same time.
As for the total box office of "Two Smoking Barrels" must be higher than that of "Following", no one is surprised.After all, "Follow" is really brain-burning. If you don't watch the movie seriously, you may not understand it. After all, it lacks some fun. However, "Two Smoking Barrels" has stronger storytelling and fun, even if the audience doesn't care about it. Clearing up all the clues is just a wonderful performance by a group of weirdos, and you can also get a very rich movie-watching experience.
Returning from China, followed by Valentine's Day on February 2 and Simon's 14th birthday on February 2, Simon stayed in Los Angeles for two consecutive weeks.
Until February 2th.
end of the month.
At the same time, it was the beginning of a new week, and Simon finally left Los Angeles again and set off for the East Coast.
The previous Friday, which was also the day before Simon’s birthday, continued to persist for more than half a month. Facing the Nasdaq index, which rose by more than 5 points in three weeks and further rushed to a high of 6700 points, Tiger Fund, whose overall loss was close to 80 points, officially Declare liquidation.Tiger Fund, which reached US$120 billion more than three months ago, has only US$28 billion left after liquidating all its short positions.
After Tiger Fund founder Julian Robertson issued a public apology letter to investors, he stated that after completing the redemption of the remaining funds, Tiger Fund will be closed, the team will be disbanded, and he will not set foot in the hedging field in the short term.
It can be described as disheartened.
As a leader in the field of hedge funds that has grown rapidly in recent years, the liquidation of Tiger Fund shocked the entire industry.
However, in addition to the large number of investors who suffered direct losses, the field of capital hedging has attracted more and more attention from all parties. After all, this is a zero-sum game. The other side of Tiger Fund’s loss of nearly [-] billion is in recent months. Someone made nearly tens of billions of dollars from it.
Although it is not easy to find out who made the money, but as long as this point is confirmed, it is enough to make too many people flock to it.
Simon has been reducing the size of the hedging department directly under Cersei Capital, betting on Soros's funds, and the target is also in Southeast Asia.Therefore, Cersei Capital did not make much profit in dividing the feast of Tiger Fund. The Cersei Fund Management Company team, which has been on the opposite side of Tiger Fund since the end of last year's general election, has continued to be long. Because of the conservative position strategy, the three Over several months, the cumulative profit was only US$12 billion.
Therefore, most of Tiger Fund's losses fell into the hands of other hedge capital.
Simon has no regrets about it.
Even Simon himself thought that the turnaround of the Nasdaq would probably be around December last year or even January this year, and the long profits that should have been earned had already been made last year. Simon also kept in mind the business principle of not making every last penny, After all, if it continues, maybe the Nasdaq’s plunge in just one day can eat up most of the profits accumulated for several months.
It's safe to be in the bag.
No matter what field of investment, the biggest mistake of too many people is that they can't let go when it's time to stop, and it's hard to let go when it's time to let go. Occasionally, they have to laugh at other people who choose enough to stop and seem to miss out on more benefits.
In the end, these people tend to draw water from a bamboo basket.
In addition to the fiasco of the Tiger Fund, Richard Mellon Scaife of the Mellon family left the market with less than 3 million of the principal of 4000 million US dollars.During this trip to the west coast, in addition to visiting the pregnant women as usual, what Simon has to do is to make some follow-up arrangements for the Mellon family.
Chapter 1101
Westeros Corporation headquarters in Midtown Manhattan, New York.
Michael Jordan, chairman and CEO of Westinghouse Electric, was invited to arrive on time. He just waited for a while in the reception room. Simon Westero pushed the door and walked in. He quickly got up and greeted the other party: "Hi, Simon, nice to meet you. you."
"Hello, Mike," Simon shook hands with the white executive who had the same name as a legendary basketball superstar in front of him. The two sat down on the sofa together and continued with a smile: "I just heard that you are in New York, so I want to take the opportunity talk."
Girl A brought coffee in, and Michael Jordan waited for a moment until Alison left before saying, "Simon, what's the matter today?"
Simon took a sip of the coffee that Alison had just poured, leaned on the sofa with a relaxed body, and looked at the head of Westinghouse Electric opposite him: "Mike, the unit of the Rivne nuclear power plant in Ukraine will be completed in the middle of this year." It will be activated, and the Westeros system helped us to cooperate with Westinghouse, everyone is very happy, isn't it?"
Michael Jordan nodded in agreement: "Of course."
Two years ago, the construction of Unit 4 of Ukraine’s Rivne Nuclear Power Plant was connected in series. The cost of a project that could have been completed at 5 million U.S. dollars directly doubled to 10 billion U.S. dollars, and the profits can be imagined. Under the lead of the Stroh system, Westinghouse Electric got a share of 6 million US dollars, which can be described as the biggest beneficiary.
Michael Jordan is not a fool, he has heard many things during this period, so he can roughly guess the purpose of Westeros inviting him over.It's just that, after all, Michael Jordan is the head of an old industrial giant, and he is unwilling to take the initiative to succumb. It depends on what Westeros wants, and he plans to see what happens.
Simon was not in a hurry, and continued: "In addition, I also know that Westinghouse Electric is in contact with the Chinese government for some power cooperation projects recently. It just so happens that, you know, my relationship with the Chinese government is very good, maybe I can help?"
Michael Jordan smiled expectantly: "Simon, it would be great if this could be done."
"Oh, actually, I also know that Westinghouse is planning to sell the power department, including conventional power and nuclear power business, and now pursuing orders is just to increase the price of the sale, right?"
Michael Jordan finally couldn't stay calm this time, showing a shocked expression.
After the acquisition of CBS, in order to further expand in the media field, Michael Jordan intends to completely transform Westinghouse Electric. Recently, he had a secret contact with Siemens in Germany, intending to sell the conventional power business, and Westinghouse’s leading nuclear power business will also be in the future. Listed for sale for several years.
No more than one person inside Westinghouse knew about this matter. Michael Jordan never expected that Simon Westero would know about it.