Previous chapter: Chapter 63
Next chapter: Chapter 65
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... 2 and 1993 made every major hedge fund in the United States profitably. In 1993, the European bond market was fattened by the pockets of many financiers. As a result, in 1994, in order to strengthen the economy and curb inflation, the Fed announced a rate hike of 25 basis points. This modest adjustment to the stock market has led to the collapse of the bond market.

No one could have expected this collapse, and no one could even explain the cause of the collapse. All the brokers only knew ...

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