Manhattan Reborn 1978

new York.

Afternoon~

Manhattan, fourth floor of The Stanley, Wall Street.

David sat in his office and finished a lunch sandwich and drank a glass of juice.

When the secretary Maggie saw how easily he prepared lunch, she was touched and carefully made him another pot of coffee and asked.

"You have four visitors who have made appointments in advance to meet this afternoon..."

"There is still some time, would you like to take a rest first?"

"No." David poured himself a cup of hot coffee, looked at Maggie and asked back.

"Have you thought about the question I asked you a few days ago?"

"Um... what are you talking about...?"

"Yes!" David sighed, shaking his coffee cup gently and leaning back in his chair.

"We have been working together for more than half a year and have some understanding of each other's character and personality."

"So, if you are willing to continue to stay and work for me, I will start to arrange your work priorities and working hours in a targeted manner for you from now on."

"How is it? Have you made a decision?"

"I..." Maggie twisted her hands together and looked down at the coffee pot in front of her. She hesitated for a long time but couldn't come up with an answer.

David seemed a little disappointed and shook his head gently, saying, "I remember Bloomer called me this morning and said he wanted to introduce me to an alumnus."

"Did he tell you what time to come?"

"No, but I just saw him take someone upstairs in the elevator."

"Upstairs? Whose office did you go to?"

"I can call and try to find it."

"OK~ Go ahead, I'll wait."

"Yeah..." Maggie seemed to be relieved and went out briskly.

David picked up his coffee cup and watched her leave, then turned to look at the open drawer on the right, took out a thick document from it, and slowly flipped through it.

This document was just delivered by Nalent Ramon himself.

As the CEO of Morgan Stanley, he showed great interest in David's proposal to have Stanley establish a department specializing in interest rate swap contract trading.

But after chatting with David for more than an hour, he very keenly discovered that David seemed to be intentionally or unintentionally skipping a very important key point.

The close relationship between foreign exchange rates and interest rate policies of various countries!

David turned to the last page of the document in his hand, a smile on his face, and sighed silently in his heart.

When dealing with smart people, the most important thing is not to appear smarter than them.

Obviously, Nalent Ramon, as the leader of this generation of the Ramon family, a Boston old money family, is also well aware of this.

That was why after he finished talking with David, he went back and immediately had someone rush out a confidential document, signed his name on it, and delivered it personally to show his sincerity.

However, when David was chatting with Nailent, he deliberately avoided the core issue of the swap transaction, the exchange rate, and he was not actually trying to use it as a bargaining chip to bargain with Nailent Ramon.

Because he wanted to gradually fade his presence from now on, let Panaris, Elder and Nalent Ramon, who were in charge of this matter, take the limelight and gain fame, let them become shining new stars on Wall Street, and he would be an invisible man quietly reaping the benefits behind the scenes.

As for the exchange rate issue, even if he didn't say it, Nalunt and others would quickly figure out the key points and find a suitable way to solve it.

In addition~

The main reason why he chose to do this was that he currently had no ability to make a cake, let alone the ability to divide the cake!

As a reborn person, David is very clear about the future development prospects of the international swap trading market.

After 2015, the financial derivative with the largest trading volume in the international financial market is the swap contract!

Global financial integration has not only facilitated larger-scale international trade between countries, but also given rise to an extremely large foreign exchange trading market.

The US dollar, as the most important international trade settlement currency in the next few decades, is in a very bad situation now.

If the US government and the US Federal Reserve cannot re-establish the international currency status of the US dollar in the next few years, all the plans made by David may have to be rewritten.

The "key man" who can solve all this - Paul Volcker, will stop by in the afternoon to visit David.

(Note: Swap transactions are also called swap transactions. According to statistics in 2022, the average daily foreign exchange transaction volume in the world exceeded 7 trillion US dollars, and the amount of funds in Swap transactions accounted for more than half. That is to say, more than 3.5 trillion US dollars of Swap transactions are conducted every day.

Among them, the swap transactions of multinational companies, investment banks, banks, hedge funds and other financial institutions account for about two-thirds of the total. The rest are swap transactions between central banks of various countries to hedge their currency exchange rate risks or promote the currency status of their own currencies in international trade.

. . .

About twenty minutes later.

Bloomer led an alumnus out of the elevator, waved to the secretary Maggie with a smile, and walked into David's office.

After some polite introductions, David invited the two to sit down.

While he was casually chatting with the two, he carefully looked at Jeffrey Sachs, a doctoral student at Harvard University, sitting opposite him, and compared this face with the images in his memory for a moment.

Jeffrey Sachs was born in 1954 in Detroit, Michigan, USA.

In 76, he received a bachelor's degree with honors from Harvard University.

After that, he obtained a master's degree in economics last year (78) and chose to continue to pursue a doctorate.

If we just look at his academic resume, Jeffrey Sachs can be called a top student among top students.

However, if David were to look at the young Jeffrey in front of him in combination with his own memories, he would inevitably feel emotional in his heart.

Because 20 years later, Jeffrey Sachs is still known by several names.

The father of shock therapy!

The New York Times rated him as the most important economist in the world in the 21st century!

New York Time magazine named him one of the 100 most influential people in the world.

France's Le Nouvel Observateur listed him among the 50 most important young leaders in the world.

His various columns often appear in mainstream newspapers and magazines in more than 50 countries.

For example, his articles often receive great attention in major publications such as Time magazine, the London Financial Times, and the Economist.

But~

Now he is just a doctoral student who has not yet graduated, and he has not had the opportunity to fully demonstrate his gifts and talents in the field of economics.

So after talking to him, David looked at his "bad friend" Bloomer for advice, and after getting a positive answer, he asked in a carefully considered tone.