Chapter 315: Financial Questions

"Mr. Dimon is not young anymore, but he is still willing to appear on a financial show at a time like this. I really admire him."

In the penthouse suite at the Plaza Hotel in New York, Daniel Harvey lay in the jacuzzi in the middle of the living room.

Looking at the financial channel on the giant LCD screen in front of me, the energetic old man is talking.

Faced with various tricky questions from the host, it can be said that the answers were very appropriate.

But even so, the host did not seem to intend to let the other party go, and continued to ask a few key questions.

Two weeks had passed since that dawn interview at the hotel. It was December, and Manhattan had been snowing heavily for several days in a row.

There is a beautiful snow scene in Central Park, and the surrounding streets also look a little more romantic because of the arrival of snow.

But it’s different from those young people who try to quickly build relationships with the help of snow on the streets.

The entire Wall Street and the U.S. stock market have truly experienced a cold winter.

MAT Magic Technology Company, which was highly expected, directly triggered the circuit breaker mechanism the moment the exchange opened on the second day.

The stock price fell by more than 7% within five minutes of opening, directly triggering the first circuit breaker.

After trading was suspended for 15 minutes, the price fell another 14% when trading was restarted, triggering the second circuit breaker mechanism.

Another 15 minutes later, just 30 minutes after the opening, the decline again exceeded 20%, triggering three circuit breakers in a single day, directly setting a historical record.

Hundreds of billions of dollars of wealth disappeared without a trace in one day. This violent stock market shock affected more than just one company.

Several U.S. technology companies and many European precision manufacturing companies have previously announced their cooperation with MAT Magic Technology.

The Wall Street exchanges also experienced declines to varying degrees, and the stock market was in turmoil just 24 hours later.

Just two weeks before Christmas, the funds of countless retail investors were declared to be zero.

The Governor of New York State directly declared a state of emergency.

A White House press secretary also said that this was the biggest financial turmoil the United States has experienced since the Great Depression of 1929.

Countless speeches and pointers seemed to announce the death sentence of this stock, as if this company was about to become a miracle company with a market value of over 4000 billion the fastest.

It became the company that went bankrupt the fastest after going public in the United States since the 90s.

At this critical moment, several well-known commercial banks, including JPMorgan Chase, Goldman Sachs, and Lehman Brothers Investment Bank, issued statements at the same time.

This shows that the MAT Magic Technology Company shares they hold will definitely not participate in this sell-off.

They also stated that their first round of investment was an indefinite investment in fixed assets, even if the company went bankrupt and liquidated tomorrow.

The investment will not be recovered until the company's debts are paid off.

Following the joint statement of these companies, the stock market finally stabilized after the stock value was only about 30% of its original peak.

There has not been a large-scale decline in the past week, and the market still believes that if the company cannot prove its future capabilities in the short term.

Its stock price would continue to fall, and this scene on TV appeared.

As the world's most famous commercial bank CEO, Jamie Dimon was a guest on a variety financial show.

I hope to explain the purpose of doing so to ordinary investors through TV programs.

"Mr. Jamie Dimon, you have just used very complex economic theories to explain to us why you and your company are doing this."

"But I think the vast majority of viewers who are watching our show simply cannot understand such profound theories."

"Can you tell us in detail why you did this? In such a market environment, why did you still believe in such an absurd scam?"

The host of the show spoke again, and it was a very young guy with a wild, colorful hairstyle.

He was wearing a tight, bright orange leather suit and looked like a fool who had been electrocuted by Pikachu.

Opposite him, Jamie Dimon was dressed like a standard gentleman, in a dark custom-made three-piece suit.

The exquisite red tie and the eyes behind the gold-rimless glasses are full of sharpness.

He was sitting with his arms and legs tilted, looking relaxed, and his expression gave people a gentle feeling without giving any indication of any emotional change.

Speak clearly and slowly.

"Let me put it this way, Jack. I know it's hard for you to understand what I just said, so I'll tell you in the simplest way."

"In the past two weeks, JPMorgan Chase has not sold any MAT Magic Technology shares."

"And in the past two weeks, we have also been frantically increasing our holdings of the company's shares."

"The increase reached a staggering 150 million shares, or 1.5% of the company's shares."

"Do you understand what I want to say now? We are professional investors. I am looking forward to the future earnings and profits of this company."

"We are not ordinary investors. We are already accustomed to this kind of scene."

“Whoa, whoa!!!”

The TV host named Jack made strange noises of surprise.

With an exaggerated expression on his face, he looked at the handsome old man in front of him.

"Can I help you translate what you said? That means a leader like you who has a lot of capital and is in a high position."

“You can participate in this capital game because you can afford a 70% or even higher loss in stock prices.”

"Because you are spending the bank's book deposits, which are not your money in the first place, even if you don't make a penny from this investment."

"It still doesn't affect your travel to Hawaii, Costa Rica, the Amazon, or anywhere else."

"Your luxury apartments, swimming pools, and big-breasted models in Beverly Hills will not be affected. Only ordinary investors deserve to lose everything. Is that what you mean?"

"Don't misunderstand what I just said." Jamie Damon looked unhappy. "I just want to emphasize that professional matters should be left to professionals."

"Stock investment is very risky, and ordinary people can easily suffer losses in it, which is definitely not what you just said."

"And our investment work is regulated by multiple government departments and is also subject to federal laws."

"Wow, that's really shocking, but no matter how much you say, we still don't have the answer to that question."

"Can we see the actual product of that company? Can that magical phone be mass-produced?"