The Great Sage Returns from Ten Years of Imprisonment

Chapter 266 One Night in Heaven, One Night in Hell

Without the slightest hesitation, Ling Yun immediately gave his answer.

"SZ, the Federal Reserve, along with five other major central banks, simultaneously cut interest rates by 50 basis points. This market rescue move is undoubtedly significant, but the market doesn't seem to be buying it."

"The reason for this is that the market has become immune to monetary policy, believing that such market rescue policies are only treating the symptoms and not the root cause, or even that market rescue is no longer useful."

"The stimulus from this joint interest rate cut is only superficial; the credit market remains frozen, financial institutions are constantly collapsing, and financing for the real economy has completely dried up."

"The full-blown European banking crisis was the direct trigger for this plunge, while the fundamental contradiction lies in the global liquidity crunch and the freeze in credit markets..."

Next, he laid out his analysis and judgment on this round of sharp decline.

Listening to his explanation and analysis, both Vice President Wang and Deputy Director Zhang fell silent.

After he finished his analysis, the office fell silent; you could hear a pin drop!

The silence lasted for three or four minutes before it was broken by Vice President Wang's solemn voice.

"If things really turn out as you predict, and the coordinated interest rate cuts by global central banks have completely failed, tomorrow will be the darkest day for international financial markets."

"In this situation, what do you think governments and central banks should do, or rather, how should they intervene to prevent a financial market collapse?"

This time, Ling Yun fell silent, lost in thought.

After thinking for a moment, he smiled and said:

"The Federal Reserve, along with other central banks, cut interest rates to rescue the market, which is tantamount to lighting a fire in the market, but it failed to extinguish the root of the panic!"

"This shows that interest rate cuts are ineffective, and we must change our approach to stabilizing the market. Fiscal injections and nationalization may be the best solution at present."

Vice President Wang's eyes lit up, and he then lightly tapped the desk.

"Fiscal injection and nationalization—what a brilliant move! I'm just afraid that Western countries that adhere to liberal economic policies won't be able to adapt to this..."

As we were talking, it was already 9:30 p.m.

The secretary suddenly knocked on the office door and came in to report the latest situation.

"SZ, the US stock market has opened, and it immediately plummeted, opening 5.4% lower..."

Upon hearing about the drop, Vice President Wang and his team were taken aback.

"What? US stocks opened more than 5% lower? Even if the coordinated interest rate cuts by major central banks failed, it shouldn't be this dramatic, right?"

"You bet! This is a complete collapse, it's terrifying!"

Unlike them, Ling Yun smiled and shook his head.

"The sharp drop in US stocks at the open was a shock reaction to the influence of European stock markets; they are expected to recover quickly, and a rebound in US stocks is certain tonight!"

"But this is just a technical rebound, not a sign of stabilization. The real crash won't happen until tomorrow night, and our investment institutions must not fall for it."

"This recent plunge and subsequent rebound in US stocks is extremely deceptive, tantamount to pulling people from hell to heaven, only to kick them back into the deepest depths of hell tomorrow night!"

"hiss!"

Vice President Wang and his colleagues gasped and immediately turned to look.

Around 10 p.m., Lingyun took a car out of the west gate of Haizi and went home to rest.

As he predicted, the US stock market had already begun a strong rebound!

The financial sector led the gains, and the market was jubilant!

Looking at the booming US stock market, many people have the same misconception!

The darkest hour is over, and the market rescue measures are working!

As a result, countless bulls flocked in, fearing they would miss the chance to get on board!

Little did they know, this was nothing more than a deadly bull trap!

Around 3 a.m., all the investment teams under Lingyun's command, as well as numerous state-owned investment institutions, successfully completed the shipment!

Then they quickly reversed course and began building positions to short the US stock market.

Some of the more conservative state-owned investment institutions chose to stay on the sidelines and wait and see if the financial market would collapse as Ling Yun predicted!

The sky brightened again; it was Thursday morning.

The New Zealand and Australian stock markets, which opened earliest, both opened slightly higher.

Lingyun's prediction of a Black Thursday did not come true; at least, there were no signs of it this morning!

At 8:00 AM, both the Japanese and South Korean stock markets opened slightly higher.

Hong Kong stocks, which opened at 9:00 AM, and A-shares, which opened at 9:30 AM, both opened slightly higher, indicating a fairly positive market sentiment.

Seeing this situation, many people, from Hai Zili to the United Securities investment team, began to have some doubts.

Did Ling Yun, who is usually so insightful, make a mistake this time?

At this moment, Ling Yun was in his luxurious villa, having dinner and chatting with several beautiful women, feeling completely at ease!

After chatting and joking for a while, Da Meiyuan suddenly changed the subject.

"Honey, around what time are you coming for the play's premiere in a couple of days? Would you like to make any special arrangements?"

The play she starred in will be performed on the 12th at the Poly Theatre, which is opposite the headquarters of China Investment Corporation.

But she didn't know that Ling Yun worked at the headquarters of China Investment Corporation, nor did she know the composition of the investment team under Ling Yun's command.

All I know is that he is directing several investment teams, and the partners are all large state-owned financial institutions, each of which has a significant background.

Just last night, she gave Ling Yun the reserved tickets for the premiere of the play.

She had no idea who would end up with those play tickets or who would sit in those reserved seats to watch the play!

Ling Yun put down his chopsticks and said with a smile:

"Honey, you don't need to worry about any of this. I'll have someone arrange everything. I'll bring everyone in before the play starts!"

"With only two or three days left until the play's premiere, it's time to tell you something: the people coming with me to see the play this time are all officials!"

"Moreover, everyone holds a high position; the lowest level is a director-general level leader, and there are many B-level and deputy B-level leaders."

"what!"

Da Meiyuan let out a soft cry, completely stunned.

The others were also startled, all looking dumbfounded.

They never expected that Ling Yun would create such a grand spectacle so quietly; it was truly unbelievable!

It's just an avant-garde play, why bring over twenty high-ranking leaders to support it?

Even if the Beijing People's Art Theatre were to revive "Teahouse" and premiere it at the Capital Theatre, wouldn't that be a grand affair? This spectacle would surely shock the entire entertainment industry!

Before the beauties could respond, Ling Yun dropped another bombshell.

"This includes a deputy B-level official from the Ministry of Truth, whose rank is B-level, and the executive deputy director of the State Administration of Radio, Film and Television, whose rank is deputy B-level."

"These two are senior executives from Starlight Culture. Please give a heads-up to the production crew and let everyone be mentally prepared so they don't get nervous during the performance!"

"I will have someone inform the media in advance that, apart from these two leaders, no other leaders can appear in publicly reported footage..."

Da Meiyuan finally realized what was happening and jumped up from the chair in a flash.

She then widened her captivating peach blossom eyes, staring intently at Ling Yun, and cried out repeatedly.

"How can we not be nervous? Those are a group of B-level and deputy B-level leaders. What have we done to deserve such extraordinary treatment? We are flattered!"

"Luckily you told me beforehand, so we had time to prepare and adjust our mindset. If you had only told me on the day of the premiere, there would definitely have been a performance mishap!"

Leilei reached out and took Lingyun's arm, expressing a few heartfelt sentiments.

"Now I finally understand why you kept emphasizing secrecy. How could the high-ranking leaders you were in contact with not keep things confidential!"

"Not to mention your rampant money-grabbing from the international financial markets, if word gets out, you'll definitely become the target of public criticism!"

"Great, you're gaining a deeper understanding of issues; that's progress!"

Ling Yun patted Lei Lei's hand approvingly.

Just then, a terrifying scene suddenly appeared on the television hanging on the wall.

During a live international financial news broadcast, a senior Wall Street investment manager being interviewed suddenly lost control of his emotions and hysterically shouted at the camera.

"Fuck! Global central banks cutting interest rates in unison is utterly useless. Banks are still not lending money, the credit market remains frozen, and everyone is going to die!"

Hearing the shout, Leilei and the others looked over curiously.

Ling Yun paused for a moment, then a smile quickly appeared on his lips.

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