The effect of accompanying Ada for a summer vacation was immediate. Not only was Dae Wiki sent to Somalia by Mussolini to eat sand, but the Pope agreed to buy preferred shares for the first time, $10 million was also in place. The Vatican is not a fool, they are also paying attention to the political trend of Rome. In their eyes, Contini's current status is as stable as Mount Tai. Whether he can become the prime minister's son-in-law and successor needs further clarification, but no one will be controversial about saying that he is the closest person to this position.

Investing must always focus on the future!

The money came in time. In September, Contini asked the US broker to buy a 30 million US dollar quota. As he remembered, the US stock market slowly stopped its decline in the third quarter of 1923, and the Dow Jones Industrial Average began to turn upwards. Although the momentum was still weak, most stock analysts and veterans were still thinking that this was a rebound after a long-term decline. It is not certain whether it could be considered a reversal. But Contini knew that the US stock market had a 95% chance of bottoming out and was about to begin a reversal.

However, whether it is a rebound or a reversal, it is still impossible to judge clearly now. The only positive thing is that the floating losses in stock accounts have begun to decrease, and the current loss rate is less than 4%.

Under his persuasion, a group of people including Poji, Vivian, Adriana and others tried every means to open an account. Poji invested $50,000 and Adriana invested $20,000. The most surprising thing was that Vivian, who actually took out $200,000 in one breath!

Contini couldn't help asking her: "Where did you get so much money?"

"The 10,000 US dollars is my own pocket money, and the 190,000 US dollars was lent to me by my father, with an annual interest rate of 5%!"

Contini slapped his forehead and finally remembered that the other party had a father who was a banker, and said with a smile: "You are very brave and dare to borrow such money. What if you lose it?"

"What's there to be afraid of?" Vivian smiled, "You must be wrong with what you see correctly. Besides, if I compensate, will you watch me lose in vain?"

Contini was speechless: "What if I lose more than you?"

"No, I know you just got $10 million from the Pope!"

Contini widened his eyes, unable to believe his ears, and asked in a low voice: "How did you know? What your father told you?"

Vivian nodded: "This money was taken from the bank under my father's charge, and then went to the United Group account again. Do you think he knows it? Because he knows this, he borrowed me 190,000 US dollars so safely and boldly! He appreciates your ability to get loans. In terms of the broad and bold financing ability, he only obeys United Group in Italy now!"

"Okay." Contini felt that he was completely defeated, "Remember to keep it secret for me."

"Of course! Now you can tell me the stocks that are optimistic, right?"

"You can buy some other blue chip stocks that you like, General Motors and American Radio."

Although the 100 million lira credit loan that United Group received last time has not been spent, Antonio reminded Contini: The remaining amount of liquidity in the spring of 1924 must be reserved, because in December and January, United Group will have to pay a lot of project payments and preferred stock dividends, and also pay workers' bonuses. This is the credit of United Group, and liquidity must not be problematic! Although the Pope promised to continue to purchase $30 million in preferred stock, he knows when these funds will come down, so he must maintain flexibility. In addition, he also suggested using motorcycle orders to obtain short-term credit support of 20 million lira, which should be in place before the end of November.

Leo, who is responsible for financial coordination and supervision, also issued an early warning: Although it has not yet reached the end of the third quarter report on September 30, United Group's losses this year have officially exceeded 100 million lira, and may reach 150 million or even more by the annual report deadline. So far, United Group's overall loan amount has reached 250 million lira. If the Pope's 10 million US dollars is regarded as a long-term loan, the total debt is 450 million lira. Calculated at a cost of 6%, 27 million interest will be paid in a year, which is more than 1 million greater than United Group's actual operating income after deducting internal related transactions.

Although Contini is very confident about the future, he still accepted this suggestion with the advice of professionals, leaving $5 million as mobile capital and remitting another 5 million to the United States, instructing the broker to complete another $15 million in stock purchases on Christmas Eve. By that time, the funds he invested in the stock market will reach $15 million, with a position of $45 million, and a leverage ratio of exactly 300%!

Putting aside such a huge debt, the performance of the United Group is still very eye-catching: the completion of the Milan dedicated line has become a model of Italy's new industrialization and municipal development. Mussolini boasted for a long time, regarding it as a political achievement of his own rule, and attended the foundation laying ceremony of the Rome dedicated line with officials of all sizes. This dedicated line is about 7 kilometers long longer than the Milan dedicated line and is scheduled to be completed in the spring of 1924.

The project of the Genoa dedicated line was approved by the Ministry of Transport. The length of this dedicated line will exceed 45 kilometers and will be jointly built by the Ministry of Transport and the United Group. More importantly, according to the second phase plan, the Milan dedicated line and the Genoa dedicated line will not only be opened but also build a rest line, because the distance between these two cities is only more than 120 kilometers, and the entire industrial belt can be fully connected. Relying on the dedicated line, a 2-hour traffic circle can be realized. This was a grand idea that was simply unimaginable in the past. Contini sets the final completion time on Christmas 1926!

Once the rapid connection between Milan and Genoa is opened, the industrial layout of the entire north will undergo significant changes: resources and raw materials from the north will first go to Milan and then to Genoa through the China-Europe Railway, and materials from the Mediterranean and Africa will arrive at Genoa by sea and then to Milan. This is a crucial lifeline for Italy, which lacks local resources and almost all materials rely heavily on imports. This lifeline will include Italian chemical, steel, oil, machinery and vehicle manufacturing bases.

More importantly, the distance from Turin to Genoa and to Milan is only 120 kilometers respectively, and can also be adjusted through dedicated lines. The three cities just form an equilateral triangle. The reason why the Italian industrial belt first emerged in these three cities is not without reason. Contini's dream is to build this triangle into the Ruhr area of ​​Italy, and he is the king of the block!

However, this planning goal can only be stored in his mind for the time being. He would not say anything except Antonio: He knows what the Agnelli family, who controls Turin, will be in the future. The United Group is still very immature, and Contini's political status is not high enough, so he must wait for the opportunity...
Chapter completed!