After a two-day market break over the weekend, international hot money once again launched a larger impact on the pound in the new week.
Faced with the turbulent selling of pounds in the foreign exchange market, the British government only managed to support it for two days on Monday and Tuesday before giving up on guarding the pound exchange rate and was forced to announce the devaluation of the pound.
While giving up guarding the exchange rate, the British government also officially announced its withdrawal from the European Monetary System.
Anyone who has a little knowledge of the international financial landscape will understand that the reason why Britain, or Europe as a whole, suffered this disaster is, in the final analysis, because the United States on the other side of the Atlantic is trying to maintain the global hegemony of the US dollar.
With the British pound withdrawing from the European monetary system, the European Community's attempts to use the system to counter the dollar have officially collapsed.
The media in various European countries have recently criticized the Quantum Fund and other international hot money led by Soros, and Soros has become "infamous" because of this. But for anyone with a discerning eye, everyone actually knows that what is really driving this matter is Actually it's the US government.
Soros is just a 'scapegoat' and a 'scapegoat'.
Of course, whether he is the standout or the scapegoat, Soros is not at a loss for being put on the stage.
After the pound gave up its resistance, European currencies such as the Spanish peseta and the French franc were attacked to varying degrees one after another, and the European monetary system basically existed in name only.
During the entire confrontation, the British government invested a total of 27 billion pounds in stabilizing the exchange rate, but still lost in the end. But at the same time, Soros alone made a profit of US$1 billion from this attack on European currencies, and the total profit from other international hot money is even more difficult to estimate.
Soros became famous in one battle and became extremely popular on Wall Street for a while.
At the same time, the media soon noticed Cersei Capital, which had been silent during this attack on the European monetary system.
Starting from the stock market crash in 1987, the subsequent Japanese stock market bubble, the collapse of the US bond market, etc., Cersei Capital has been active. However, in this excellent arbitrage opportunity, Cersei Capital seemed to be silent, which was obviously abnormal.
Amid the media's attention, insider information soon emerged.
The Wall Street Journal published a special feature article on September 26 with a very eye-catching title: "The Magic of Cersei Capital Is No Longer."
The article starts with the European currency crisis that has just settled, and first touts the outstanding performance of Quantum Fund in this crisis. Then the conversation changed and the 'insider story' began to be exposed.
The article describes that just a week ago, three top fund managers of Cersei Fund Management Company, a subsidiary of Cersei Capital, suddenly resigned, taking with them a hedge fund team of more than ten people. This group of people rejected solicitations from other peers on Wall Street, quickly established a new hedge fund, and began to raise funds from outside.
As one of the most confidential companies on Wall Street, Cersei Capital has always disclosed very little information to the outside world.
This time, the reporter of the Wall Street Journal was keenly aware of something. After some twists and turns, he finally got the opportunity to interview three fund managers who had resigned from Cersei Capital.
The reason for the departure of the three managers was the recent European currency crisis.
It turned out that as far as a year ago, one of the three managers had predicted that the European currency crisis might occur, and reported it to the top management of Cersei Capital, hoping to make arrangements in advance.
The highest level of Cersei Capital is naturally the Westeros couple.
However, unlike in the past, this time, the Westeros couple made a misjudgment. They believed that the pound, which had been strong for hundreds of years, could not depreciate. It was impossible to shake it with the strength of one or several hedge funds. The entire European Community. Therefore, sniping at European currencies is completely whimsical.
Throughout the following year, the signs of imbalance within the European monetary system became more and more obvious, especially after other hedge funds on Wall Street began to make plans. The three fund managers submitted reports to the Westeros more than once, hoping to solve the problem. This is the layout.
The results were all rejected.
In the end, Cersei Capital could only watch as Quantum Fund and other Wall Street capitals made huge profits amid the turmoil in the European monetary system, but they could do nothing.
Frustrated by the Westeros couple's increasing self-will, the three managers eventually decided to leave and go it alone.
What a sad story.
The rapid rise of Wall Street's favorite and rapid decline. Is there anything more embarrassing than this
After the "Wall Street Journal" article was published, countless media called Cersei Capital and even the core of the Westeros system, and the responses they received were all cold "no comment."
This further proves that Cersei Capital is very secretive about this decision-making mistake.
Although Simon Westeros ranks first on the Forbes 400 list of America's richest people released at the beginning of the month with a net worth of US$65 billion, such low-level mistakes may very well mean that the Westeros system is losing its sharpness in previous years. Enterprising.
Of course, it is not without media questioning.
Unlike hedge capital such as Quantum Fund, Cersei Capital is behind the entire Westeros system. Within this business empire, Melisandre Corporation and Nokia Corporation, which are rapidly expanding, have their bases in Europe. Many companies within the Westeros system also have large businesses in Europe.
If Cersei Capital and Quantum Fund attack European currencies this time, then Europe may not be able to deal with pure hedge fund bosses like Soros, but it will be too easy to adopt the Westeros system.
Therefore, the fact that the Westeros couple did not agree to participate in this attack on the European currency was probably not a decision-making mistake.
However, this argument was quickly refuted.
Three years ago, Cersei Capital did not give up its operations in the Japanese market, and Simon Westeros was almost 'denied entry' by the Japanese government. But now, the cooperation between the Westeros system and Japanese companies has not been affected.
Since this is the case in Japan, the same should be true in Europe.
If he can see the opportunity in advance, Simon Westeros has no reason to give up this excellent arbitrage opportunity.
You know, if it operates properly, Cersei Fund Management Company can easily double the income of the fund this time. With billions of dollars in profits in front of them, it is impossible for anyone to refuse this temptation.
With all this discussion, most media still tend to believe that this is a major mistake by the Westeros couple.
Many readers of newspapers and magazines also prefer to see stories about enviable 'miracles' that suddenly lose their magic power, which is sad and happy at the same time.
For the Westeros system, it is enough to convey to the outside world that Cersei Capital is not involved in this currency speculation. As for the media's "fantasy" about the decline of Cersei's capital and even the entire Westeros system, it can to a large extent alleviate the sentiment of all parties towards the Westeros system and Simon personally.
The US$65 billion worth announced by Forbes magazine in early September made many people envious and admired him, but it also led to many arguments that the expansion of the Westeros system should be restricted.
There are only three fund managers who have resigned. The reason for the resignation of the other party is indeed that Cersei Capital missed this European currency speculation, but of course it is not out of disappointment with Simon and his wife as disclosed to the public.
The three of them all knew why the Simons did what they did, and they also understood that if there was such an opportunity in the future, Cersei Capital could only miss it out of consideration for the interests of the entire Westeros system. Therefore, after the two parties had a frank and detailed discussion, the three People eventually choose to leave their jobs in order to get rid of this bondage.
Although they resigned, the three managers still have a good relationship with Cersei Capital, and they actively cooperated to stage a "bitter drama" in the media.
In order to avoid being discovered, Cersei Capital did not invest in the new fund established by the three people, but through its own network of contacts, it quickly attracted more than US$500 million in capital for the other party.
Of course, these inside stories must be kept strictly confidential from the outside world.
On the Daenerys Entertainment side, "Desperate Housewives" had 7.36 million viewers in its first week. Due to its good reputation and high topicality, the ratings for the second episode climbed again, with an average of 8.39 million viewers. Added 1 million views. The ratings among the core audience of 18 to 49 year olds also climbed to 4.6.
The USA team predicts that before the winter break, with the further expansion of the TV network's base audience and the continued rise in popularity of "Desperate Housewives", the average number of viewers of this series is expected to exceed the 10 million mark.
For a cable TV network, if the average viewership of a TV program can reach 5 million, it has become the mainstay of the ratings. If the average viewership exceeds 10 million, it can be said to be a ratings miracle.
In the original time and space, many years later, the AMC TV network rose rapidly with the help of "The Walking Dead", which had an audience of about 10 million.
The cable television industry today is very different from what it was more than ten years ago, but the USA Television Network at this time and the later AMC Television Network have many similarities. USA TV Network is facing strong pressure from traditional public television networks. AMC needs to deal with many competitors in the same industry. Both parties can be said to have carved a way out of the industrial cracks with one drama series.
Of course, the difference is that more than a decade later, with the rise of streaming media, the scale of the cable TV industry has reached its ceiling and it is impossible to go any further.
The cable television industry in the early 1990s was still booming.
Although it is a dedicated women's television network, as long as it is operated carefully and rationally, USA Television Network still has a lot of room for development.
After the success of "Desperate Housewives", the USA team has begun to consider opening more refined sub-channels, including plans specifically for young women under the age of 18, or urban elite white-collar workers with strong spending power.
Considering that half of the shares of USA TV Network are still owned by Paramount Communications, Simon did not agree to the request of USA executives to start further layout.
According to the original timeline, Viacom Group would launch the acquisition of Paramount Communications next year.
However, this time, after Daenerys Entertainment’s internal evaluation, the current Viacom Group is not strong enough to complete the acquisition of Paramount Communications.
The key is still Blockbuster.
Viacom in the original time and space was one of the important shareholders of Blockbuster. As a video chain company, like many retail companies, Blockbuster had billions of dollars in huge cash flow that could be used at any time. Therefore, in order to make up for the shortage of funds for the acquisition of Paramount Communications, Redstone first fully absorbed Blockbuster at a nearly doubled premium of US$8 billion through a stock-for-stock merger, and then used Blockbuster to fully With cash support and a combination of cash and stocks, we successfully acquired Paramount Communications.
However, Daenerys Entertainment is now the largest shareholder of Blockbuster with a 35% stake, and Viacom does not participate in the company.
Not only that, Blockbuster's current market value has reached US$6.3 billion. Even if Viacom still wants to acquire it, Daenerys Entertainment and other shareholders have agreed to the acquisition. Without the advantages of their own shareholders, Blockbuster's stock price has obviously It's on the high side. Let alone doubling the premium, even if it's only a 50% premium, Viacom can't afford it.
Because of this, Redstone's control over Viacom will be shaken after the share exchange.
The economic downturn has not passed yet. In recent years, M&A financing has been very difficult. Without Blockbuster's huge cash support, Viacom has no choice but to exchange shares if it wants to acquire Paramount. Paramount Communications is larger than Viacom and has no real benefits. It is impossible for Paramount shareholders to give up control and sell the company just to obtain another stock with an uncertain future.
However, although Paramount Communications is unlikely to be acquired by Viacom, there is still a lot of capital coveting the company.
Simon is certain that Paramount Communications will change hands in the coming years.
And the buyer is likely to still be overseas capital.
The restrictions on overseas capital in the American television industry have not yet been lifted. Once this happens, Daenerys Entertainment will be able to obtain all the shares of the USA Television Network after Paramount Communications is acquired.
Of course, these are all things for later.
September and October are the periods when the four annual fashion weeks are held.
This year's Milan Fashion Week is from September 21st to September 29th, lasting nine days.
The summer season has passed, and the autumn season has started smoothly. Coinciding with Fashion Week, Simon and Janet flew to Europe together. On the one hand, they were on vacation, and on the other hand, there were a lot of things accumulated here that Simon needed to deal with.
Gucci’s catwalk show is scheduled for September 23.
The couple's first stop was to Helsinki, Finland.
The trend of GSM digital communication has completely begun, and countries around the world have begun to deploy second-generation digital communication technology. Nokia not only took the lead in the development of GSM technology, but was also the first among major European manufacturers to launch digital mobile phones in GSM format. Taking advantage of this industry trend, Nokia has developed very rapidly over the past year.
In order to win over Eastern and Northern European countries, Britain, France, Germany, Italy and other countries also opened their markets to these countries, which also laid the foundation for Nokia's rapid expansion in Europe.