Chapter 546: Peso devaluation

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"Hey, isn't this Angel?"

A blue-eyed Western young man suddenly appeared in front of Tang Tian'er and Tang Mi'er's sisters, he looked at Meng Shuang with a stunning face, and said with an exaggerated expression: "Oh, Angel, Angela, is this beautiful Miss Oriental your friend, are you Chinese all so beautiful?" ”

Complimenting another woman on her beauty in front of her is perhaps something that only an American would do. Tang Tian'er smiled disapprehantly: "Hey, Douglas, why did you run to San Francisco, didn't you go to New York?" ”

Douglas is an alumnus of Stanford University, but at that time, Tang Tianer had just entered college, and Douglas was already a graduate student. Unlike many Stanford students who choose to stay at the Silicon Valley Show, Douglas studied applied mathematics and his ambition is to become a gold broker on Wall Street.

"Haha, yes, I'm going to New York, you know, I got an invitation from JPMorgan Chase, it's the best investment bank in the country, and I'm going to be the best financial analyst and the most successful gold broker on Wall Street." Douglas said confidently.

Tang Mi'er pursed her lips: "You are really good at bragging, since you are so powerful, then you can tell us about the shape and direction of Mexico's economy!" ”

"Isn't that easy?" Douglas glanced at Meng Shuang and others, and subconsciously straightened his chest: "Mexico's economy has many problems, such as political instability, weak exports, overvalued pesos, etc., if this situation continues, Mexico's economy will definitely fall into crisis." ”

Tang Mier couldn't help but glance at Bao Feiyang, and it sounded like Douglas's opinion was similar to Bao Feiyang's judgment: "Then you can tell me when the crisis will break out in Mexico." ”

"Oh, I'm just saying if this continues now. There will definitely be a crisis in Mexico, but the Mexican government is not blind, and I believe that they will make some adjustments, such as further opening the market and bringing in external capital. Achieve a balance of foreign exchange funds and stabilize the situation as much as possible......"

Douglas hurriedly shook his head: "It is possible to live, but it is not necessarily born, in fact, yesterday the new Mexican government issued a very important news, Mexico will open up oil and gas, communications and other industries, the industry has given high praise to this." The Mexican stock market and foreign exchange market are all in the red, and I think they are likely to usher in a very important turnaround. ”

Traditional Western economic theories believe that the market is the best means of regulation, and the problems that exist in the Mexican economy are all caused by the lack of openness, and as long as the market is opened, it can be gradually solved.

"Huh. yes, I'm afraid it's not necessarily, right? At least my friend doesn't think so, he has a lot of short positions in pesos, and if it's really like you say, he'll soon go bankrupt. Tang Mi'er stretched out her finger and pointed at Bao Feiyang, and said with some provocative meaning.

Douglas's eyes widened and he looked at Bao Feiyang: "Oh, this gentleman." Do you really have a lot of short contracts in pesos? When is the contract period? How much does it cost? You must know that the Mexican government supports the peso to achieve a linked exchange rate system, the exchange rate between the peso and the dollar is basically fixed, and the new government is even more ambitious. Why would you want to do that? ”

Bao Feiyang smiled: "It's very simple, because the peso is overrated." ”

"But the Mexican government won't let the peso depreciate!" Douglas defended: "They've kept the peso exchange rate for many years and won't change it lightly." ”

"His short contract is expiring tomorrow!" Tang Mi'er said suddenly.

"Oh-" Douglaston exclaimed, "God, is it true, are you going to go bankrupt when your contract expires?" Poor man, why do you sell short in pesos? ”

"Haha, because he's an idiot." A familiar voice suddenly sounded next to it. Michael. Honeycote walked out of the fashion store next to him with a golden girl in his arms, and he looked at Bao Feiyang and the others, his eyes full of hatred.

Hilton's Jewish waitress Catherine. Sachs has taken Honeycott Jr. to court, and barrister Robert Jr. Pizarro served as the lawyer, and the facts of the case were unremarkable. But because of Pizarro's survival, it has caused an uproar in the United States.

The old Honeycote was forced to publicly sever the father-son relationship with the little Honeycott, and even deprived him of the right to inherit, in just a few days, the little Honeycott experienced the transformation from the sky to the earth, and naturally hated Bao Feiyang in his heart.

Of course, the so-called severance of the father-son relationship is just a means taken by the elder Honeycott, and when the matter is over, he will naturally find an opportunity to recognize this son, such as making up a story about the prodigal son's return, etc. Even now, the elder Honeycott secretly has a connection with Honeycote Jr. and provides him with financial assistance, otherwise where would Little Honeycott be able to visit the malls in San Francisco at this time?

Bao Feiyang glanced at little Honeycott, he had never had a good impression of this prodigal, and of course he couldn't talk about deep hatred, this time he hit his own gun, and he had to take responsibility for his actions.

Bao Feiyang smiled and said, "Mr. Honeycott, you look pretty good!" ”

Little Honeycote glared at Bao Feiyang with great annoyance: "Hmph, I'm very good, don't be complacent too early, I heard that you sold pesos short, and took a lot of peso loans for speculation, don't lose your money." ”

Most of Bao Feiyang's actions were carried out in private, and no one knew how many pesos short contracts he had in his hands, but they applied for a loan from the bank to repay the pesos, and exchanged the pesos into U.S. dollars.

Bao Feiyang smiled: "Then don't worry about Mr. Honeycott, if you have time, you might as well think about the lawsuit." ”

Speaking of the lawsuit, little Honeycott's eyes almost burst into flames, and he stared at Bao Feiyang hatefully: "Don't be complacent, you don't know yet, just now, the Mexican government has announced that it will publicly auction several oil fields, and now a large amount of investment has entered Mexico, and the peso is very strong now, you just wait to die!" ”

"Really? That's really good news, and it seems that Zedillo is quite level, as long as there is a lot of dollar capital coming into Mexico, he can make up for the current account shortfall, and the peso can maintain the current exchange rate, which is a real trick. When Douglas heard the news, he couldn't help but nod his head again and again.

"Really?" The smile on Bao Feiyang's face grew thicker and thicker, as if it had been the same in his previous life, but a few hours later, Mexico's new president, Cerdilho, announced the depreciation of the peso, and he tried to dilute the negative impact with the previous good news, but he still miscalculated the lethality of the peso's depreciation, and the market collapsed.

"Haha, you're just waiting to go bankrupt!" Little Honeycote gloated and looked at Bao Feiyang, he knew that Bao Feiyang and the Tang family were bearish on the peso, but he didn't expect them to make a large number of short positions in the peso, and now the situation in Mexico is improving, the peso exchange rate is strong, and their actions are like suicide, and Little Honeycot feels very happy.

Douglas shrugged his shoulders and said, "Well, you're not really going to be a peso short, that's a terrible thing!" ”

At this time, Tang Tian'er next to her suddenly said: "Look, it seems to be news from Mexico." ”

In Union Square, a relatively large display screen was installed in front of a store, on which advertisements and television programs could be played, and the news program of Fox TV was just being broadcast, only to hear the host say: "Now insert an important piece of financial news, according to the news we have just received, the new President of Mexico, Zedilho, has just announced in the presidential palace that the exchange rate between the Mexican peso and the US dollar will be reduced by 15 percent, and Zedillo claims that this is an adjustment made according to the actual situation in the currency market. The Mexican government's determination to develop the domestic economy has not changed, and it will further open up the market, attract foreign investment, and actively adjust the industrial structure......"

"Ahh Tang Tian'er stretched out her hand to cover her mouth, this news made her feel very surprised, seeing that in a few hours, Bao Feiyang's hand a large number of peso short contracts will be forcibly closed, the Mexican government threw out one good news after another, the shape is like a good thing, for Bao Feiyang is a big bad, who would have thought that suddenly the Mexican government threw out the news of the depreciation of the peso.

The peso depreciates, even if it is only 15 percent, most of the short contracts in Bao Feiyang's hands can make money, because the futures trading implements a margin system, which is an investment method that can earn double the profit, provided that the bet is right.

There is no doubt that Bao Feiyang was right.

"Oh, Mexico has really devalued the peso, and that's a brave decision." Douglas was stunned for a moment before he woke up from the shock of hearing the news, and quickly nodded approvingly.

Tang Mi'er's dark eyes rolled, and she didn't seem to have cleared her mind yet: "Ah, didn't you just say that the Mexican government wouldn't let the peso depreciate, why did you suddenly agree with it again, do you still have a position!" ”

Hearing Tang Mier's question, Douglas did not feel embarrassed at all: "I just made a prediction according to common sense, there will always be mistakes in predictions, this Mexican government can no longer use common sense to speculate, they are very decisive, long pain is better than short pain, the peso should have been devalued a long time ago." ”

Tang Mi'er couldn't help but roll her eyes, and let this guy say anything. She was just about to say something sarcastic, when a terrible roar suddenly sounded next to her: "No, it's impossible, is it crazy that Sedillo actually devalued the peso?" ”