Shizuka Mizukawa slowly raised her right hand and saw that it was already 11:30 on her Cartier blue balloon watch. She was talking to Masaki Nakamori without realizing it.

"It's almost noon, let's go out for dinner together." Shizuka Mizukawa said bluntly.

"Then how do we eat near Akihabara?" Nakamori Masaki suggested.

"I recently learned about a good two-star Michelin French Western restaurant located in Marunouchi. Let's go there to eat!" Mizukawa Shizuka did not agree with his proposal and said his thoughts.

"I've made you spend money." Masaki Nakamori grinned at her.

"Hate, did I ask you?" Mizukawa Shizuka stood up from the edge of the bed without any haste.

"No. Then I'll ask you." Masaki Nakamori replied concisely.

"That's right!" Mizukawa Shizuka said with a smile.

The two changed their shoes at the entrance together, and then went out one after another. They walked down the stairs and walked all the way to the parking space of Shizuka Mizukawa, a BMW mini.

Mizukawa Shizuka and Nakamori Masaki got on the car on the right and left, and then they tied their seat belts on each. She drove and took him to the two-star Michelin French Western restaurant located in Marunouchi.

When he arrived at the place, Shizuka Mizukawa found a parking space to park the car first. As for Masaki Nakamori, it was his second time here today. However, he didn't tell her.

Just after Shizuka Mizukawa stopped the car, the two got off the car, one left and one right. They each closed the door with their back hands.

Shizuka Mizukawa led him for a while and arrived at the place to eat. A living habit she had developed long ago was that she needed to eat a Michelin restaurant every week.

As soon as they walked in, a female waiter came up with her. After asking a little, she directly led the two of them to an empty table in the middle.

Masaki Nakamori and Shizuka Mizukawa sat down face to face. They didn't ask for a set meal, so they looked through the recipes in front of them and ordered what they liked to eat on weekdays.

Not to mention red wine, the two of them didn't even ask for wine. Mizukawa Shizuka asked for a glass of freshly squeezed willow juice, while Nakamori Masaki only had a glass of pure water.

"I think when you are writing about the Asian financial crisis in 1997, you can boldly relax your ideas. Don't just limit yourself to Asia, but focus on the world.

It was this Asian financial crisis in 1997 that not only negatively affected some Asian countries, but also negatively affected the world."

Masaki Nakamori combined the recipe in front of him, and then the waiter took it away, waiting for the intermission to serve the dishes in front of him.

"Or what if we might as well work together to complete this paper?" Mizukawa Shizuka asked thoughtfully.

"I have no objection. But the professor will not agree. I just give you more inspiration from your ideas. As for the specific information search and writing, it is your business.

If I remember correctly, it was in 1998 that it was the negative impact of the Asian financial crisis that caused the US long-term capital management fund company to go bankrupt.

This hedge fund has been combined with Quantum Fund, Tiger Fund and Omega Fund to become the four major international hedge funds.

The financial crisis is coming to Asian financial markets. The US long-term capital management fund company model believes that the interest rate difference between bonds in developing countries and U.S. government bonds is too large.

Therefore, the result of the forecast of the US long-term capital management fund company is that bond interest rates in developing countries will gradually return to stability and the gap between the two will narrow.

In August of the same year, due to the decline in international oil prices and the domestic economy of Russia continued to deteriorate, the Russian government announced the depreciation of the ruble and stopped trading in government bonds. Investors withdraw from the developing market and turn to hold low-risk and high-quality bond varieties such as the United States and Germany.

The result is that the prices of German bonds shorted by US long-term capital management funds rose, while the prices of securities such as Italian bonds that it was long fell.

The expected positive correlation becomes negative correlation, resulting in losses on both ends. Its computer automatic investment system mistakenly amplifies the operating scale of financial derivatives in the face of this originally negligible low-probability event.

The US long-term capital management fund company used the $2.2 billion raised by investors as capital collateral to buy securities worth $325 billion, with a leverage ratio of up to 60 times.

This caused the company to suffer huge losses. Its net asset value fell by 90% in just 150 days, with a huge loss of US$4.3 billion and only US$500 million remaining, and it has reached the brink of bankruptcy.

On September 23, the Federal Reserve came forward to organize arrangements, and 15 international financial institutions led by Merrill Lynch and Morgan invested $3.725 billion to purchase 90% of the equity of the US long-term capital management fund company, and jointly took over the company, thus avoiding the misfortune of its bankruptcy.

However, the US long-term capital management fund company went bankrupt and liquidated in 2000. This is a giant hedge fund company that once owned $125 billion in assets.

As for its personnel composition, it is absolutely luxurious. Among them are the 1997 Nobel Prize winners of Economics Scholes and Merton.

No matter how big an economist is, he will still fail in actual combat. This once again proves that theory is theory, and actual combat is actual combat, and it cannot be confused completely.

Another thing is that investment is risky, so you need to be cautious when entering the market. The financial market is full of complex changes and various turbulent clouds.

It only takes one hand to make him lose money, but he will also be in debt." Nakamori Masaki said slowly.

"Warren Buffett's teacher, also the founder of value investment, and the father of securities analysis, Benjamin Graham, has gone bankrupt!" Mizukawa Shizuka also raised her mouth with her.

"So! Whether it is on TV or on radio, the so-called securities critics, stock critics, financial critics... they are just verbal characters.

If they really want to get them out of the scene, they may not be more skillful than the small retail investors. Instead of wasting time listening to these people talking nonsense, it is better to go to bed." Masaki Nakamori came to the nail on the head.

"No wonder you look down on the professors of our school so much in your heart." Shizuka Mizukawa smiled.

"Do you know why the economic forecasts made by economists always do not match the future?" Nakamori asked with a smile.

"That's not because the economic data collected and mastered by economists are different from the actual economic situation. It is also true that there is no error-free level." Mizukawa Shizuka said seriously.

"Economic data are dead. No matter how you study it, it is still dead. The actual economic activities are alive and change every moment.
Chapter completed!