A gentle mountain breeze blew, soft as wicker paddling lightly on the river, blowing on the cheeks, soft wind, very comfortable.

"Master, this ...... That ...... "bear herald spring spitting."

Fang Monan turned around, looked at him with flickering eyes, and said, "This is not like you!" Just say what you want. ”

Xiong Baochun Xing looked at Fang Monan with a little bit of eyes, and asked seriously, "Master, are you and the captain ......" clenched his fists and bent his two thumbs opposite each other.

Fang Monan's face turned red as soon as he brushed it, remembering that he chased him in his dream last night and 'hit', this face was really delicate and comparable to peach blossoms.

Fang Monan turned around, took a deep breath, and his voice was as gentle and steady as possible, "How did you notice it?" ”

Could it be that you just guessed, etc.! This is an acknowledgement, Xiong Baochun is more moved and blessed, and it is happy to be loved and loved.

At least happier than him, his lover has been sleeping in the ground, and he is full of joy to see Captain Iceberg happy. It's just amazing......

Fang Monan raised his eyes and looked at the stunned Xiong Baochun, this is the end. But there was a smirk on his face, "What are you happy about!" ”

"Master, am I happy!" Xiong Baochun said happily.

"Okay, you can take your time! I'll go down and make breakfast. Fang Menan got up and left.

*****

This is busy, but there is no time to think nonsense, busy coupling, even the Dragon Boat Festival medicine is led by grandma, of course, the medicine is wrapped by her in advance.

In the past three months, Fang Monan received calls from Cui Yaoguo from time to time, during which Fang Monan relied on the phone calls. According to his condition, Fang Zi was slightly cut. Cui Yaoguo ate the recipe for three months in a row, his spirits were up, his sleep was normal, and he did not sleepwalk again.

In fact, the most important thing is that the mentality is good, and when he returns to work, he is still the director of the Chengguan Town Police Station, which is related to that case.

It is also due to the fact that the public security in the border areas of the three provinces has not improved for five years, and others are still unable to suppress it, especially the deepening of reform and opening up. People are impetuous. It is inevitable that the law and order will be the same as before, and now that jade-faced Yama is back, his prestige can be somewhat suppressed!

*********

This year is for most of the countrymen. It's not a memorable vintage. In this year there were neither presidential elections nor major geopolitical events that shook the world. There were also no stock market crashes and no Summer Olympics.

Of course, when it comes to sporting events, it's the World Cup in the United States, a carnival for fans around the world. In the end, Brazil won the championship.

However, this is a year that investors should remember.

In his spare time, Fang Monan glanced at the financial newspaper sent by Diao Rong, and then remembered the European currency crisis, the final blow, the defense of the Deutsche Mark, the fiasco of Soros this time and the victorious escape of small and medium-sized predators like Diao Rong.

At the beginning of this year, after a half-year break, Soros, who was well stocked of ammunition, began to spend a lot of money short the Deutsche mark, and at that time he was rumored to have sold $30 billion of Deutsche mark. Not only that, Soros predicted that the depreciation of the Deutsche Mark would be good for its exports, and he also bought a large number of shares of German export companies in order to obtain double gains from the stock market and the foreign exchange market.

At the beginning, the exchange rate of the Deutsche Mark against the dollar fell to a certain extent, which seemed to confirm his opinion. It should be said that Soros's point of view is correct, but his fame is too great, and the Bundesbank seems to have a rebellious mentality, and the decision to maintain the exchange rate and guard against it is strictly guarded.

Burning the joint venture, you have to give people a way out! And Soros is too arrogant, and if he does anything wrong, it will always cause a backlash.

Perhaps it is because the trap laid by international capital in the derivatives market against the depreciation of the Deutsche Mark makes the Germans afraid, or perhaps the Germans think that as long as they defeat the iconic figure of Soros, they will cut down the banner of international capital that created the European currency crisis, and then they will be considered victorious. In short, the Germans were determined to maintain the exchange rate of the mark and teach Soros a lesson. Germany's economic strength is far stronger than that of the United Kingdom, which was defeated by Soros in 92, and at the insistence of the Bundesbank, the Deutsche Mark finally maintained a strong exchange rate, which made Soros suffer a double blow in the foreign exchange market and the stock market, and suffered heavy losses.

However, at the same time that Soros was defeated by the Bundesbank, countless small and medium-sized speculators were able to escape smoothly from the high position, and the Bundesbank paid a heavy price for this.

This is thanks to Soros's success, without him to attract the attention of the Bundesbank, how could others have fled smoothly.

The benchmark is sometimes the target, the gun shoots the first bird, the tree attracts the wind, the wood shows in the forest, the wind will destroy it, and the intellectual sayings of the ancestors are reasonable.

This attack on the European monetary system by financial capital from the United States led to the European currency crisis of 1992-1994. The crisis was a nightmare for the process of European integration, in which the Italian lira, the British pound, the French franc and other currencies were conquered one after another, which directly caused the collapse of the European monetary system and dealt a heavy blow to people's confidence in the European single currency, and the official issuance of the euro was forced to be postponed until the deadline set by the "Treaty" - January 1, 1999, and the British pound is still outside the euro system.

Since Britain has not yet joined the eurozone, Britain has often moved closer to the United States in the international political and economic structure, rather than the European Union.

The crackling of the US abacus has achieved the effect of killing two birds with one stone, and not only has the United States grabbed huge profits from this crisis, but also subsidized the US economy. It also co-opted Britain and weakened the influence of the European Union, making it unable to compete with the United States.

Despite the devastation of the European monetary system in the European monetary crisis, the Europeans did not abandon their efforts for European integration, and the euro was finally circulated in 11 member states in 1999 and completely replaced all currencies in the eurozone on January 1, 2002. From 2000 to 2008, Greece, Slovenia, Cyprus, Malta and Slovakia joined the eurozone. There are currently 16 member states in the eurozone, and more than 380 million people use the euro directly.

Ten years of reincarnation. On the day the euro was born, a barrel of dynamite was planted. Whether intentionally or unintentionally, or even ignoring, leave it to be solved later, in short, if there are loopholes, don't blame others for being polite.

In addition to the aftermath of the European currency crisis, the US bond market has suffered a sudden and very violent sell-off. The turmoil began in the US and Japanese bond markets, and then spread to a greater or lesser extent to all developed markets.

This year has not been a good year for Wall Street, and Soros has just woken up from his dream of sniping old Europe when he is hit head-on by Germany, and both sides are defeated. Heavy losses.

It was a sacrifice for him. Thousands of happy families, the two consecutive years of European foreign exchange war have made the United States led by the international capital to make a lot of money, is full of money.

It was a memorable and unbearable year for U.S. bond investors. To the surprise of international capital, in order to strengthen the economy and curb inflation, the Federal Reserve announced a 25 basis point interest rate hike, and there is no doubt that bonds will be the first asset to be sold in the process of raising interest rates.

Federal Reserve (Fed). Suddenly, for the first time in 6 years, a large interest rate hike was raised. The bond market was hit hard, known as the 1994 Bond Massacre, and a number of big banks and fund managers suffered heavy losses.

Every rate hike/cut cycle in the U.S. triggers changes in global capital markets. And as Warren Buffett said: When the tide is low, we know who is swimming naked. The countries with the worst economic performance will be severely affected in the process.

In fact, the impact of the tightening of funds in the United States is not only that, because it affects the nerves of the world, and the root cause of the Mexican financial crisis that broke out in December is caused by this wave of austerity in the United States.

International capital is fluid, bloodthirsty, and lost, and it always has to be regained somewhere.

From January to September of that year, the yield on the 30-year Treasury note jumped more than 150 basis points to 7.75%. The immediate reason for this was the Fed's interest rate hike announcement, which began to tighten monetary policy at a time when the US economy had recovered from the 1991 recession.

The Bank for International Settlements (BIS) said in an analysis released a year after the year that although changes in inflation and official interest rate expectations may have had some impact on the U.S. bond market, they were not the real reason for the widespread sell-off in the bond market. On the contrary, the widespread sell-off appears to have been caused more by the bond market itself than by macroeconomic factors.

Most investors focus on a particular area, and now everyone wants to ride the megatrend and take advantage of the Fed's interest rate hikes and the bursting of the bond bubble.

The collapse was unexpected, and people didn't have time to find the cause, and they only knew that their bonds had fallen to the exchange overnight, and no one was willing to spend a penny on the bonds, and they became a pile of waste paper.

In fact, there is actually a precursor to the big drop in the market. Prior to 1994, the Federal Reserve kept interest rates low for many years in order to promote the recovery of the banking and housing markets, giving investors the illusion that interest rates would always change. Even though then-President Bill Clinton argued in his January 1994 State of the Union address that the US economy had begun to recover, the market still did not believe that Greenspan's Federal Reserve would raise interest rates.

On February 4, the Federal Reserve unexpectedly raised short-term interest rates by 1/4% (0.25%), and a month later, strong employment data in the United States exacerbated the withdrawal of funds from the bond market.

The whole Wall Street sky is gloomy and miserable, cloudy, chaotic! How else is Alan playing in the backwater.

It was a nightmare year for the bond market, but it was a two-pronged one for the rest of the metals futures market. This is not only with the economic growth of developing countries, the increase in demand, but also the black box operation of international capital, and the losses must be made up!

These excitement are handed over to Wu Zhihong and the people behind him to personally participate in metal futures, which has a more intuitive reference for the future economic policy of the country.

And there are many opportunities in the international financial market, so we don't fight with other countries, but also to distract attention, Allen is to make money and invest in coffee futures. (To be continued......)

PS: Ask for a ticket!