Chapter 44: The Power of the Twin Ghosts Knocking on the Door
As we all know, the ultimate value of a commodity depends on the market.
Quality and price are the main factors that determine the competitiveness of goods.
The same is true for money.
This exchange symbol has no value on its own, and the purchase value attached to it is reflected in the body of its issuance.
Technology, military, foreign exchange reserves, political stability and many other factors.
The United States, as the world's largest power, is the largest economic system.
The U.S. dollar, the currency it issued, naturally has an irreplaceable and important position.
When the U.S. dollar index strengthens, it means that U.S. dollar assets are also appreciating.
This appreciation will drive a large amount of value-preserving and safe-haven capital to the United States.
Liquid capital is profit-chasing, and no state or individual can fully control the flow of capital under the interests.
When global capital flows to the United States, some developing countries will inevitably come under pressure.
Regardless of the type of economy, when calculating value, it is ultimately driven by capital.
Value is given by capital.
The simplest analogy can be understood as the stock market.
When the fundamentals of a listed company are good, theoretically its stock will inevitably attract a lot of money.
But the money (wealth) of the earth country is actually fixed.
If the stock price of a giant company like ICBC (USA) starts to strengthen, it will inevitably draw the blood of the countries that are actually listed on the planet.
Money is the blood of a person, and it is the blood of a country.
When there is abundant qi and blood, the symptoms will be masked by qi and blood.
But when the qi and blood decay, all kinds of diseases will come to the surface.
When people are young, they don't see too many diseases, but when they are old, they will deepen all kinds of diseases, and this is the same reason.
In the blood pumping of the dollar, Southeast Asian countries, which rely on foreign capital to promote, bear the pressure of blood being pumped out.
In order to alleviate this pressure, it is necessary to find ways to preserve the rate of capital outflows.
The best way to do this is, of course, to increase productivity and upgrade technology.
But none of this can be done overnight.
In the whole of Asia, the only one that can rely on productivity and technological upgrading without dollar outflows is Japan.
In terms of agriculture, Japan's highly mechanized planting methods and rational management models have made Japan's agricultural output the third largest in Asia.
However, in terms of average income, Japan's agricultural output is firmly in the first place.
As for Japan's science and technology industry, it ranks first in Asia.
When the yen composite index weakens, it means that all goods exported by Japan are falling in price.
High-tech, high-tech, high-yield agriculture.
When one of the three highs also chooses to cut prices, the blow to the economies of other countries is simply a nightmare.
Individuals are selfish after all.
When a high-quality and low-cost product is placed in front of them, fools know whether to buy expensive and poor quality or cheap and good quality.
There is pressure on capital outflow internally, and there is an external danger of reducing the ability to earn foreign exchange through exports.
Under the double ghost knock on the door, Southeast Asia's economic development has come to an end.
However, people cannot recognize their position in the sea.
Just like investors in the sea of stocks, when the money earned in the bull market is full, they have long forgotten that the bull market may come to an end.
Even if the double ghost slamming on the door has seriously threatened their roots, Southeast Asian countries still can't see the truth.
Or, they see the truth clearly and are unwilling to admit it.
Or, if you want to admit it, you can't do anything about it.
So they made a choice, the only one.
Retain the departure of capital by giving it a higher return.
It's a bit like P2P as everyone knows it later.
Unfortunately, however, mines often explode from within.
When the Thai government chooses to raise the deposit rate to organize capital outflows, it will inevitably hit the domestic financial market and real estate hard.
Some value-preserving capital will be withdrawn from the stock market and real estate due to rising interest rates on deposits and loans.
When the car is driving in the opposite direction, it is called the opposite direction.
The Bank of Thailand's choice to raise interest rates is a complete stupid move in the eyes of international capital.
However, this also makes international capital see the purpose of the Bank of Thailand.
It is reluctant to abandon the fixed exchange rate system.
To use a ridiculous analogy, the Bank of Thailand is not willing to be used as a leek.
Thailand's revenue generation is largely dependent on exports.
If the fixed exchange rate cannot be maintained, the only way to depreciate it is to depreciate it.
However, if the value is depreciated, it means that the price of agricultural products exported by Thailand is decreasing.
Thailand, which is not very strong in agricultural production, will seriously affect the profits of export products if it sells at a reduced price.
In order to maintain sufficient export profits, it had no choice but to maintain a fixed exchange rate.
When a variety of factors come together, the tide is irreversible.
International capital knows and forces Zhao Jiangchuan to know.
However, because the understanding of finance is still too superficial, only the Thai government, which is deeply involved, has not yet realized it.
After receiving the news of the Bank of Thailand's interest rate hike, Zhao Jiangchuan immediately held a conference call with Jushi Capital.
"Liu Qiang, continue to short the position size on SET, and don't need to control the position ratio.
According to the current trend of the US dollar, the Bank of Thailand will continue to raise interest rates to curb capital outflows, and they have no choice if they want to maintain the exchange rate......"
"Xiaoyue, let the Hong Kong trading department open a long position on the Thai baht forward contract, tentatively set at a size of 50 million US dollars. ”
"Robert, speed up the lending to the Bank of Thailand and use leverage to the maximum ......... before they react"
“……”
Under a series of orders from Zhao Jiangchuan, various departments began to execute the orders in an orderly manner.
No one asked why.
In Jushi Capital, Zhao Jiangchuan's order is the highest order, and all they have to do is strictly implement it.
When the conference call ended, Liu Qiang, Fang Zhongyuan, Robert and others went offline, and only Li Xiaoyue was left on the phone.
It has been more than two months since Zhao Jiangchuan left Hong Kong.
Although it is not a long time, for a woman, her man is not around, and she will naturally miss it very much.
Especially Li Xiaoyue.
Before she was with Zhao Jiangchuan, her world was bleak.
To live, just to live.
She didn't dare to expect extravagant feelings, and she didn't dare to think about her future.
There is no way to go back to the home where she was born and raised.
It was Zhao Jiangchuan who drove away her nightmare, and at that moment, she became a complete woman.
Her world was lit up.
Body and mind, at that moment, only Zhao Jiangchuan remained.
I haven't seen each other for two months, and that longing is accumulating like a tide.
Even if the two usually communicate on the phone, but if they can talk to Zhao Jiangchuan more, Li Xiaoyue will never be too much.
"Egawa ......"
When no one was around, Li Xiaoyue changed her name.
Just two words of the name.
But the deep longing and attachment in that tone can be heard by a fool.
Zhao Jiangchuan can naturally hear it,
After chatting casually about some daily life, Zhao Jiangchuan asked with a wicked smile.
"Big baby, don't you miss me. ”
"Hmm...."
Through the phone, she couldn't see the other party, which made Li Xiaoyue let go of her shyness.
She bravely admitted her thoughts.
This soft sound made Zhao Jiangchuan both satisfied and ashamed, and he also felt much missing.
Li Xiaoyue from Jiangnan Water Town has always been very gentle, and if she doesn't miss her to the extreme, she will never easily admit that she misses her heart.
Zhao Jiangchuan's heart is sweet and sour.
If it weren't for the fact that he couldn't return to Hong Kong for the time being, he really wanted to fly back immediately and fight Li Xiaoyue to the death.
"Xiaoyue, I'm sorry ....."
"Don't say I'm sorry, I know that men should put their careers first, and if you usually have time to talk to me, I'm very satisfied....."
“……”
Ten minutes later.
The two ended the call.
Zhao Jiangchuan leaned back and sighed.
It's hard to like one person, it's fun to like two people, and it's not fun at all to like a lot of people.
Ouyang Lan, Li Xiaoyue, Ai Xiaoai and Li Hanruo.
Every woman, he wants to possess it all, every woman, he doesn't want to leave for a moment.
Zhao Jiangchuan has to admit that he is indeed quite a scumbag.
When the scumbag Zhao Jiangchuan sighed for a long time, Ouyang Lan walked over with a glass of water.
The little secretary gently hugged the capitalist's neck and brought the water to Zhao Jiangchuan's mouth.
"Boss, do you miss Sister Xiaoyue. ”
"Hmm. ”
The scumbag is really a real scumbag.
Zhao Jiangchuan didn't have any evasion, nodded and hummed.
"I miss Sister Xiaoyue too, when can we go back to Hong Kong. ”
"It should be soon, and I will definitely go back before the year. ”
"Boss, why don't we go back early, Sister Xiaoyue is so pitiful in Hong Kong alone. ”
"As soon as possible, I still have to go to Singapore later, and if not, I'll go back and bring Xiaoyue with me then." ”
"Okay, okay....."
“…..”
。 m.