Chapter 73: The Asian Economic Crisis of '98
The affairs of the two companies are bustling, not only known to everyone in the branch, but also quite influential in the local circle of Haijin.
The small boss's strategy has left a deep impression on the company's employees, and it is also a strong warning to those who have thoughts and want to lie on the company and suck blood.
When the people who eat melons were thinking about this little boss and what big moves he would have, he suddenly disappeared from everyone's sight. It turns out that the Haijin branch, which I often go to, has not seen him for a long time.
On the Lunar New Year of 1998, the shadow of an economic crisis loomed over the world, especially in Thailand in Southeast Asia, where a financial turmoil was brewing.
The quantum fund led by Soros has gathered a large amount of money in Thailand's foreign exchange market, and has slowly opened its mouth.
Indulging in the current booming state of the economy, the Thai authorities do not realize the seriousness of the problem.
Since the Asian Tigers of Singapore, South Korea, Japan, Taiwan, Thailand, Hong Kong and other Asian countries are all export-oriented countries, similar economic types have led to intensified competition with each other, high production costs and low profits.
Relatively speaking, the economies of European and American countries are relatively weak and their purchasing power is insufficient, resulting in a sharp decline in exports from Asian countries and a serious imbalance in the balance of payments.
Foreign exchange reserves, which are already insufficient, are even more stretched.
Add to that international capital, as well as the major capitalist countries in Europe and the United States that dominate behind it, following behind Hedge Funds such as Soros, fishing in troubled waters.
Since the Thai baht is traded at a fixed exchange rate with the US dollar. That is to say, if 1 dollar can buy 100 baht in January, and in February, the Thai baht depreciates sharply by the sniping of international travel funds, at that time, 1 dollar can actually buy 200 baht, and the international speculator can return 100 baht to the Bank of Thailand in February, and the remaining 100 baht is earned, and it is the central bank of Thailand that keeps bleeding and losing money.
In the end, the central bank, which has no foreign exchange support, has the Thai baht in its hands like waste paper, and the result can only be the collapse of banks, the bankruptcy of enterprises, and the middle class begging on the streets.
In a five-star hotel in Bangkok, the capital of Thailand, Zhang Yi and Luo Bingyun are each lying on a massage table, enjoying a Thai massage.
Thai massage is different from Chinese health massage, in their philosophy, massage is a kind of energy transmission.
Thai massage is the most intense of all kinds of massages, and there is no need to use massage oil during the massage. The masseur starts with the toes and works upwards to the top of the head, with the back, waist and joints as the focal points. The masseur in charge will communicate with the experiencer about the strength of the massage and remind him to completely relax his body and not to be tense.
In his previous life, Zhang Yi, who was a programmer, often drove night trains in order to work. At that time, in order to relieve everyone's stress and recover their energy as soon as possible, the boss of the company often invited everyone to do Thai massages. Therefore, Zhang Yi can withstand the intense action of Thai massage.
And Luo Bingyun is different, he was pressed and screamed, this delicate scream, coupled with the beautiful scenery revealed between the bathrobes, made him even more passionate.
Afraid that her screams would affect others, Zhang Yi motioned to the masseuse to be lighter, Luo Bingyun heard it, but said, "It's okay, this strength is just right, and it is the most comfortable." ”
Speechlessly, he glanced at her: "You are comfortable, I can't stand it when I hear it, please take care of it, does it feel good for a man!"
"Husband, is it really comfortable! No need to be light, just this strength, I'm fine!"
He could only secretly pray that the soundproofing of this massage room would be better, otherwise, the people outside would not know what it would be when they heard it.
Finally, after the massage, Zhang Yi finally breathed a sigh of relief, and he no longer had to be tortured by this woman's scream.
At this time, seeing the massepressure girl leaving, Luo Bingyun climbed directly into his bed.
Lying in his ear, he exhaled Rulan: "Husband, we have been in Thailand for more than ten days, and we don't do anything, either eat or play." ”
Zhang Yi glanced at her ambiguously, and said with a smile: "Who said that we don't do anything, we don't do it every day!" Speaking of this, he deliberately paused.
"Do what you like?"
Luo Bingyun hammered his chest and said coquettishly: "you, it's not serious, you know I'm not talking about this!"
"Alas, when I came to Thailand, I realized that this is a man's paradise, if it weren't for you by your side. In this environment, a man who doesn't make mistakes is not a man!"
"What's the matter, baby, I've only been playing for more than ten days, and I'm tired of playing. ”
"That's not it, I just see that you are quiet on the surface, but you are nervous inside. It's like that every day, I'm afraid that your body can't stand it, if you have something on your mind, you must talk to me, okay?"
Feeling her true care, I gently hugged her, kissed her forehead, and looked at the ceiling of the roof blankly, like a dream: "This feast, I can only drink some soup with it, and the meat is not my turn!"
She looked at Zhang Yi suspiciously, and asked, "What feast, what kind of soup and meat, what are you talking about?"
Zhang Yi smiled mysteriously and said, "Baby, you will understand in a few days, it should be about the same time!"
In the following period, Thailand's exchange rate continued to suffer as in the previous life, forcing Thailand to announce that it had abandoned its fixed exchange rate system with the US dollar.
The move led to the exodus of foreign investors and speculators, capital flight, and a crash in the stock market, which plummeted from more than 1,000 to more than 400 points.
Thailand's prosperous economy, at this moment, is in a slump and completely in a downturn.
Then it was Malaysia, Indonesia, Singapore, Taiwan, South Korea, Japan, and Hong Kong.
Indonesia was the hardest hit, and its economy collapsed, and it was caught in a dilemma when it wanted to get a huge loan from the World Bank to get out of the fixed exchange rate system, but was threatened by the International Monetary Fund.
South Korea's economy is naturally flawed, and the monopoly chaebol system once allowed its economy to develop rapidly, and at the same time, it was also because of this system that it was dragged into the abyss in the economic crisis. The conglomerate of Japanese banks, which have invested heavily in South Korea, has been dragged down, and the voices of bank failures have come and gone.
Perhaps the only bright spot is Hong Kong, which has a relatively healthy finance, has a strong ability to resist crises, and the mainland, which has spared no effort to support it after its return to the motherland, has enabled it to maintain the joint exchange rate system and force international speculators to leave the market.
As for Zhang Yi, when the crisis in which country was the deepest, he appeared there, on the surface, when others were in dire straits, he just took a woman shopping, traveling, playing, and did nothing.
It's just that Zhang Jie, who is far away in Haijin, was shocked when she looked at the numbers that came and went crazy on the account every day.