Chapter 493: Short Argentina
Masayoshi Kishimoto woke up from his sleep. He got fully dressed, walked out of his bedroom, and went downstairs. He saw that Rie Sakai and Mirei Sakai were still sitting on the sofa in the large living room on the first floor.
The maid on duty last night came to him with a haggard face, bowed ninety degrees, and said, "I'm sorry, sir." I didn't sleep all night, I only patronized and watched Mrs. and Miss II, and forgot to make breakfast for you. β
"You've worked hard. Last night, even if you worked overtime all day. Kishimoto said calmly.
"Thank you. The maid on duty bowed deeply to him again.
Masayoshi Kishimoto didn't try to persuade them and let them continue. He believes that there will always be times when the two of them are tired. When I went out, I took a taxi to work.
When Masayoshi Kishimoto arrived in Ueno, Taito Ward, he did not choose to go directly to the company, but went to the small restaurant he liked to go to for breakfast.
Not only did he eat familiar tastes, but he also saw familiar people. Even if they are all extremely ordinary people, it will not hinder them.
At nine o'clock, Kishimoto met Kiyoshi Kobayashi who came as promised in his president's office. The two sat facing each other.
He also told the secretary on duty outside that anyone who had something to do with him should let him wait and never let him in.
Masayoshi Kishimoto specially called Kiyoshi Kobayashi here, naturally there are important things that need to be explained in person. This in turn involves a related trade secret.
"What do you think of the economy of Argentina in South America?" Kishimoto asked pointedly.
Of course, Kobayashi Kiyoshi knew that he had specifically called himself here, and it would definitely not be for small talk. He sat up straight and replied solemnly: "From the comprehensive analysis of data and intelligence from all aspects, it is not optimistic. β
"Then you immediately go about shorting the Argentine peso. I mean immediately, you should understand. "Kishimoto knew in his previous life that Argentina would have a financial crisis in this year.
In March, Argentina experienced a small peak in debt servicing, at a time when there were some doubts about the Argentine government's ability to borrow new debt to pay off old debt.
However, the doubts of the entire market about Argentina have not been completely dispelled. By 10 July, the exchange rates of the bureaux de change in Buenos Aires, the capital of Argentina, had suddenly fluctuated, peaking on 12 July, when the peso had actually lost about 5 per cent.
After the turmoil in July, thanks to the joint efforts of the Argentine government and the international community, it finally subsided. On November 1, President de la RΓΊa announced that Argentina would implement a package of economic adjustment measures to overcome the financial crisis, such as renegotiating foreign debt, adjusting taxes, supporting struggling businesses and issuing new bonds. But these measures have not been met with a positive response, on the contrary, the biggest upheaval since July.
On November 2, the Melva stock index in the Argentine securities market fell by 284% compared to the previous trading day. The price of government bonds continued to fall.
At the same time, money market interest rates have soared, resulting in overnight lending rates as high as 250% to 300%.
As a result, the Argentine country risk index assessed by the Bank of New York Morgan once exceeded the 2,500-point mark, setting a new record. As a result, the Argentine government continued to urgently appeal to the International Monetary Fund for help.
But by December 5, the International Monetary Fund had refused to provide a $1.3 billion emergency aid loan to heavily indebted Argentina, leaving the country facing the largest debt crisis in its history.
"Since you have made up your mind, I should do it. Still, I would like to make some personal observations. "Kiyoshi Kobayashi knows that he can't go against the will of the president.
"You say. The reason why Kishimoto put the other party in the position of president of hard capital is not because of his blind obedience to himself, but because of his true talent in the financial field.
"It remains to be seen whether there will be a financial crisis in Argentina. Not only me, but also Marunouchi and other financial institutions have a relatively consistent opinion.
In terms of overall fundamentals, Argentina's current economy is okay, and even if there is a financial crisis, will it follow the example of South Korea?
Moreover, even if Argentina really can't hold on, it can still turn to the IMF (International Monetary Fund) for help. "Kobayashi Kiyoshi has a word.
"Your doubts are not unfounded. However, you should also understand a truth about what it means to strike first.
My aim is to get you to seize this beachhead as soon as possible, so that the subsequent large forces can land and attack.
How much meat can we get when everybody thinks it's profitable? Just because everybody is hesitating and thinking about it a little longer, we should not hesitate to move forward.
You don't have to worry about anything. If an accident happens, I am responsible for everything. You just need to mobilize maximum capital to short the Argentine peso. To be precise, short Argentina.
In addition to Argentina's currency market, you will have to personally and concretely command attacks on the country's stock market, etc. I'm in the base camp and overseeing the overall situation.
Let's use 10 times leverage! This time, I want hard capital to show my prestige and make a name for myself overseas. Kishimoto said eloquently.
By using his unpredictable prophet, he will not only definitely win, but he will also make a lot of money again. This time it's different from the last time I followed Soros's ass to make a small fuss about short Korean won, rubles, and yen.
After all, at that time, the capital he could mobilize was too limited. This time, instead of following someone's ass to eat the rest of the flesh, he would pounce on it and bite it first.
Not only can he scrape away a lot of the wealth accumulated in Argentina for decades, but he can also strengthen his own strength again from a qualitative change.
Far from bailing out Argentina, the IMF is unable to service its more than $150 billion foreign debt. As a result, Argentina has become the world's largest defaulter in history.
To some extent, the root cause of the Argentine financial crisis is similar to the problem that broke out in South Korea during the 1997 Asian financial crisis.
In other words, in order to develop the country's economy, it does not hesitate to borrow heavily. After having money, a series of operations did not use a lot of money on the blade.
Not only South Korea and Argentina, but also Greece after joining the European Union, has the same problem. Suddenly there is more money, and I know what to do, and I don't have a clear plan at all.
This kind of "nouveau riche" situation is not the income of the treasure, but the borrowed money. Borrowed money, always have to be repaid.
Not only do you have to repay the principal, but you also have to add interest. No matter how low the interest rate is, the principal base is large, it will be fatal. Not only that, but there will also be rolling profits.
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