Liu Mingzhang has been following Soros behind the hype since the last time he blocked the British pound, and his passion is limited, so that he is eager for the arrival of the big action all the time, and he also wants to stretch his fists and feet, do a big job, and add a smile to the heavy pen in his life, and more glory.

And after confirming that there was a big operation, Liu Mingzhang wanted to know the goal of this time for the first time. He knew that since Lu Shaohua dared to say that he had action, then he must have a goal, and with a goal, Liu Mingzhang should study the goal in advance and evolve a set of his own plan in his heart.

Yes, Liu Mingzhang has his own set of plans every time, but the plans are not used, and they are all made in accordance with Lu Shaohua's formulation, but this does not affect Liu Mingzhang's enthusiasm, he plans his plan, and when he is doing it, he follows Lu Shaohua's plan, which is also a little contradictory.

Lu Shaohua didn't know that Liu Mingzhang was eager to know that the target was that, according to the previous practice, Lu Shaohua would not say it, but this time it was different, Lu Shaohua didn't plan to use 'the secret of heaven must not be revealed', this sentence to fool Liu Mingzhang.

"Mexico!" Lu Shaohua said the name of a country lightly.

"Mexico?" Liu Mingzhang's brows furrowed, he only knew the name of this Western country, but he had no communication with the Phoenix Group, and he didn't know the situation of this country.

"Yes, it's Mexico." Lu Shaohua confirmed it once.

According to memory, at the end of 1994, the Mexican political axe introduced a 15% depreciation of the peso, which eventually triggered a panic in the market, and foreign investors frantically sold pesos to buy dollars, and the peso exchange rate fell sharply.

Of course, this is only the surface situation, in fact, the real reason is that no one knows, although the policy introduced by the Mexican political axe is wrong, but this is just a fuse, the real reason is that Mexico's domestic situation has already gone wrong.

According to the data, in the period 1989-1994, Mexico's exports increased by 2.7 times, while imports increased by 3.4 times. As a result, Mexico's current account deficit widened to $28.9 billion in 1994 from $4.1 billion in 1989. Theoretically speaking, as long as the capital account in the balance of payments can maintain a corresponding surplus, then even if there is a large deficit in the current account, it does not mean that the national economy is facing a crisis. The crux of the matter is that the foreign capital that keeps the capital account surplus should not be short-term foreign capital with a strong speculative caste. It is precisely this type of capital that Mexico uses to cover its current-account deficit. At the end of the 80s, the net inflow of indirect investment into Mexico was about $5 billion, and by 1993 the net inflow of such foreign capital had reached nearly $30 billion. It is estimated that in 1990-1994, indirect investment accounted for as much as two thirds of total FDI inflows to Mexico.

In addition, there are three other reasons for the financial crisis in Mexico, the first of which is that the financial market has opened too quickly and the degree of dependence on foreign capital is too high, and the annual inflow of foreign capital in 1992-1994 was as high as 25 billion to 35 billion US dollars. Imports as a percentage of GDP increased from 9.4 percent in 1987 to 31 percent in 1993, resulting in a deficit of $23 billion in balance-of-payments operations, making the entire Mexican economy overly dependent on foreign investment.

The second reason is that political instability has hit investor confidence. In the second half of 1994, armed peasant uprisings in Mexico were launched one after another, the candidates of the ruling party were assassinated, and the struggle for power within the ruling party and between the ruling party and the opposition party was very fierce, causing investors to lose confidence and withdraw their capital one after another, leaving Mexico's political axe to use foreign exchange reserves to cover the huge foreign trade deficit, resulting in foreign exchange reserves falling from $17 billion at the end of October 1994 to $6 billion on December 21, a drop of 65 percent in less than two months.

The third reason is that the linkage between the foreign exchange market and the stock market is ignored, and the financial policy takes care of one at the expense of the other. The political axe's announcement of currency devaluation was intended to stem capital outflows, encourage exports, and curb imports in order to improve the country's balance of payments. However, in the case of socio-economic instability, it is very easy to trigger inflation, and it also causes foreign capital invested in the stock market to suffer losses due to the depreciation of the peso, resulting in a downward jump in the stock market. The danger was created by the decline in the stock market, which in turn exacerbated the depreciation of the Mexican currency, which eventually intensified.

Having memories is Lu Shaohua's advantage, Mexico's unprecedented financial crisis has already coalesced at this time, and it has expanded step by step, and Soros, a keen financial speculator, how can he not smell that there is a crisis brewing here.

So Lu Shaohua didn't feel strange that Soros was accumulating funds, on the contrary, Lu Shaohua felt that it was very reasonable, Soros was ready to do a big job, so he accumulated more funds, and he could make some money in Mexico when the time came.

"Mexico, Mexico? Well, Mexico's exports have increased a lot recently, and there are also armed peasant riots, which are also intensifying, and it seems that many foreign investors have begun to withdraw their capital and leave. Liu Mingzhang muttered a few words, and then, as if he realized something, he said. These two reasons can't be the cause of the financial crisis, right? ”

Liu Mingzhang is the general manager of Phoenix Finance, and he pays attention to the situation in various countries around the world all day long, and although he is not familiar with Mexico, it does not prevent him from paying attention to the interest of this country, and when the name of this country is mentioned by Lu Shaohua and set as a target, a series of information naturally appears in Liu Mingzhang's mind.

"These two reasons certainly don't trigger a financial crisis." After a pause, Lu Shaohua continued. "As you said, there are a lot of foreign investors who have withdrawn from Mexico, so what will the Mexican political axe do to cover the foreign trade deficit?"

"This is a question that even a three-year-old child can answer, of course, in foreign exchange reserves." Liu Mingzhang said with a smile.

Yes, even a three-year-old child can answer this question, not to mention Liu Mingzhang, the person in charge of Phoenix Finance, almost without even thinking about it, Liu Mingzhang can answer it according to normal logic.

"So how much foreign exchange reserves do Mexico's political axes have to fill it?" Lu Shaohua asked again.

"Well, that's a problem." This time Liu Mingzhang had nothing to say.

Liu Mingzhang has nothing to say, but it doesn't mean that Lu Shaohua has nothing to say. "You must know that Mexico's political axe is very dependent on foreign capital, and now those foreign capital are withdrawing one after another, do you say that this hole is filled with foreign exchange reserves?"

Relying too much on foreign capital, and now foreign capital is withdrawing capital, first using foreign exchange reserves to block, but foreign capital is still withdrawing, like a spiral nest, getting bigger and bigger, and Mexico's foreign exchange reserves are limited after all.

As the saying goes, there are only nine lids in ten cauldrons, and there is still one that can be covered, and there is still one short of lids. This is the case in Mexico now, where the spiral nest is getting bigger and bigger, foreign exchange reserves are limited, and the outbreak of the financial crisis is on the verge.

"Hmm." Liu Mingzhang nodded, he is not a fool, Lu Shaohua has picked out his words so clearly, if he can't listen, he can really buy a piece of tofu and die. "It seems that the outbreak of the financial crisis is only a matter of time."

Before that, Liu Mingzhang was confirmed, suddenly came to his senses, and asked. "Are we going to do it now?"

According to Lu Shaohua's previous practice, after the selected target, he had to lay it out in advance, and then wait for the outbreak before he really made a move, just like fishing, cast the net first, and then pull the net to end when the time is almost up.

Lu Shaohua shook his head and said. "It's still too early, on the surface it seems that the crisis is on the verge of erupting, but there is still a fuse left, and this crisis will not erupt so quickly."

Lu Shaohua has a memory, he knows the time of the outbreak of the financial crisis in Mexico, and he knows the exact time, so he is naturally not in a hurry.

The so-called emperor is not in a hurry, the eunuch is in a hurry, Lu Shaohua is not in a hurry, it does not mean that Liu Mingzhang is not in a hurry, over the years, Liu Mingzhang has been sick, and finally a chance to act, and I heard that the time has not yet come, that is, let him wait, Liu Mingzhang can wait there.

"Otherwise, I'll go to Mexico to prepare first, arrange everything, and when the time is almost up, you will notify me before I make a move?" Liu Mingzhang couldn't help but suggest.

Lu Shaohua glanced at Liu Mingzhang, very funny, and said angrily. "What are you anxious about, it's not that you won't be allowed to go."

"It's not...... I didn't mean that...... No, I think ...... Hey!" Liu Mingzhang muttered for a long time, but he couldn't express his original intention, and finally could only sigh, pause for a moment, reorganize the language, and then said. "I mean, I'll go over and prepare first, and I'm not afraid that I'll be in too much of a hurry and affect our plans."

"Oh?" Lu Shaohua deserved to be very loud, and at the same time looked at Liu Mingzhang with playful eyes and asked. "Were you as anxious as you are now when you gave birth to your son?"

"Oh!" Liu Mingzhang was stunned for a moment, not knowing why Lu Shaohua was involved in the birth of his son, but he still replied honestly. "I was much more anxious than I am now."

"Haha!" Lu Shaohua couldn't help laughing.

When Liu Mingzhang's wife gave birth, Lu Shaohua had heard some rumors, saying that Liu Mingzhang was walking around in the hospital in a hurry, from the time his wife entered the delivery room, to the end of the child's successful birth, he didn't stop for a whole hour, he kept walking back and forth, extremely nervous.

Liu Mingzhang scratched his head in embarrassment, he already knew that Lu Shaohua was deliberately teasing himself, shook his head with a wry smile, and secretly scolded the big mouth in the company in his heart, and spread the situation to Lu Shaohua's ears.

However, Liu Mingzhang ignored one point, that is, the big mouth in his heart was his wife, and only his wife knew the situation at that time, and the rumors that Lu Shaohua heard were inadvertently mentioned by Liu Mingzhang's wife.

Therefore, the person Liu Mingzhang scolded was his wife, but he didn't know it, but fortunately, Liu Mingzhang was secretly scolding in his heart, if he dared to scold it publicly, it would be strange if he was not repaired by his wife.

"Okay, my boss, don't change the subject, hurry up and say if you don't agree, I'll go to Mexico to play the front station now, right?" Liu Mingzhang was teased once and felt very unhappy, but he didn't say anything, but shifted the topic to the main topic.

……

(To be continued)