Zhong Shi knows that the economy of Southeast Asia has developed rapidly in recent years, and even several countries or regions such as Hong Kong, South Korea, Taiwan, and Singapore were once called the Asian Tigers, while Thailand, Malaysia, Indonesia, and the Philippines were called the Asian Tigers, and the economic growth of these places was once called the "Asian miracle". Behind this prosperous background is the sharp inflow of foreign capital, especially Japanese capital, the year-on-year increase in the balance of payments deficit, the huge increase in the fiscal deficit, and the decline in foreign exchange reserves.

To put it simply, economic growth depends on the inflow of foreign capital rather than the increase in the level of production, which seems to be very prosperous on the surface, but in fact there is a fatal problem, that is, these funds flow into their countries in the form of their own currencies, and once the foreign exchange market fluctuates violently, this short-term capital will panic outflow, and then deal a fatal blow to the real economy of these countries.

In fact, hedge funds in later generations targeted this by attacking the Thai baht, then the Indonesian rupiah, and then a wave of attacks on currencies in Southeast Asia, zuihou swept across East Asia, and even Japan suffered to some extent.

Zhong Shi only knew that in '95, the famous economist Krugman repeatedly advocated in his works such as "The Mystery of the Asian Miracle" and "Popular Internationalism" that the so-called "Asian miracle" model was just a "miracle" built on a pile of sand, and it could not last long at all. Naturally, the subsequent Southeast Asian currency crisis and the ensuing financial crisis earned him a global reputation, even though he was already a well-known economist in the United States by then.

At this time, some people have predicted the crisis of the development of the economic model in Asia and Southeast Asia? Zhong Shi was surprised. Listening to Zhongyi's tone, it seemed that an Asian-American economist had first discovered it, which surprised him even more.

In fact, Krugman later admitted that his papers on the Asian model were borrowed from some of Lawrence Lau's research results, so it is not an exaggeration to say that Lawrence Lau was the first to predict the Asian financial crisis.

Lawrence Lau is the professor at Stanford University who wrote "The Source of Economic Growth in East Asia's Newly Industrialized Countries" and one of several Chinese economists who gained international fame in the 90s.

Zhong Shi hurriedly flipped through this paper with not many pages, although he didn't understand many of the terms, but he still understood the core meaning, basically similar to the analysis of economists after the Asian financial crisis in later generations, but the difference between top economists and ordinary economists is that one is a prophet. Others are hindsight.

"Can you dig this economist for me? The annual salary is given casually. Zhong Shi finished reading the Zuihou page, looked straight at Zhong Yi, and asked with hope in his eyes.

For an economist who can accurately analyze the economic situation of Shijie, any large financial institution will not hesitate to give sky-high annual salaries and huge dividend rewards. In addition to hiring good professors of economics in universities. They will also poach relevant research talent from large institutions such as Shijie Bank and the International Monetary Fund.

Therefore. When Zhong Shi saw that there were such excellent economists. is also a Chinese economist, and he is even more moved by his love for talent, and he wants to recruit him to his banner as soon as he opens his mouth.

Zhongyi's face suddenly showed a look of embarrassment. Unlike Zhong Shi, he is closer to the academic community, knowing that not everyone in American universities is willing to venture into the business world, let alone a professor like Lawrence Lau.

In the United States, the social status of the well-known people in academia is not much worse than that of the presidents and CEOs of large institutions, because it is a society of pluralistic values, and money is not the only measure of success.

"What, you also think this article is valuable?" The look of embarrassment on Zhongyi's face flashed, and he moved away from the topic. "Not to mention whether we can talk about whether we can move him, just say in what name we can persuade him, it's a question."

Zhong Shi thought about it carefully, and he understood, yes, they are purely "stragglers" now, but the amount of funds is a bit large, but they haven't even established a formal company. For this reason, it is difficult to convince a professor at a well-known university that even those well-known hedge funds do not need such professional talents, and most of them use the analysis reports of well-known investment banks.

"You want to speculate in Asia?" Seeing that Zhong Shi had been silent for a long time, Zhong Yi inevitably asked a little anxiously. He knew what Bell Stone had done in Europe.

However, the Asian region, especially the East Asian region, is very different from the European region, where the political and business relations are very complicated, such as Indonesia has been controlled by the Suharto family for a long time, and other regions also have similar political families that are large and small and economically combined.

Zhong Yi is worried that Zhong Shi will attack the currencies of these countries in a hot head, which will cause them a lot of trouble. You must know that their current roots are in Hong Kong, which is not far from these countries.

"How is that possible?" Zhong Shi snorted and said casually.

Zhong Yi still doesn't believe it, he can't understand the courage of this cousin, you must know that this young man who is less than eighteen years old in front of him dared to bet heavily on the capital market a few years ago, and after winning the first pot of gold in his life, he became even more unscrupulous, and recently he has developed to dare to attack a country's monetary system.

Seeing that Zhong Yi still had a suspicious look, Zhong Shi hurriedly raised his hand: "I promise it won't work!" In the future, as long as there is any big action, I will take you with me, can't I? ”

After getting this reassurance, Zhong Yi put away his doubts and looked at this three-bedroom, three-bathroom and two-living room apartment again. This apartment was still a European-style decoration before, but not long after Zhong Shi moved in, he felt all kinds of inconveniences, the previous owner paid too much attention to luxury enjoyment, Zhong Shi simply underwent a major operation, and changed the decoration to a simple style.

With shiny teak floors and smooth marble walls, the apartment is decorated in black and white tones for a simple and clean look. The ceiling and walls are all handmade Italian chandeliers, which reveal a touch of luxury in simplicity, showing the owner's considerable wealth.

"How nice it would be if I had an apartment like this!" Zhongyi's eyes looked around, and he sighed sincerely.

"Won't it?" Zhong Shi was a little surprised and said, "You can spend unlimited money from the family fund, why can't you afford such an apartment, not to mention here, even Manhattan is enough." ”

"Uh......" Zhong Yi twisted his head, avoiding Zhong Shi's gaze. One thing I have to tell you is that a few months ago I took a sum of money from my family fund and invested it in U.S. crude oil futures, and I lost a lot of money. ”

It's no wonder that seeing Zhong Shi's brilliant record, Zhong Yi is also a little nervous, and people like him who have studied economic theory naturally hope to show their skills in actual combat. It's just that he doesn't know that theory and practice are completely different things, and even a great economist like Fisher still lost his entire fortune in predicting the Great Depression of 1929, and finally died in poverty.

Zhong Shi couldn't help but laugh a little, if he didn't know the direction of future generations, where could he make so many profits in the rapidly changing financial market, just like on the eve of the collapse of the Japanese stock market, how many people would have thought that the index would plummet from 38,000 points all the way to more than 10,000 points now.

Even if it is predicted to collapse, it is impossible to know exactly when it will happen. Just like Lawrence Lau and Krugman, both aware of the crisis in Southeast Asia, but they and other economists who share the same view cannot guarantee when it will occur.

"How much did you lose?" Zhong Shi doesn't care about this gain or loss at all, but if it hits Zhongyi's enthusiasm for investment like this, it will be a bit more than worth the loss.

"That's a lot, a few million dollars! I was long, and then I didn't know what happened, and the oil price suddenly dropped, which caused my margin to be insufficient, and then I was forced to close the position. Zhong Yi said with some interest.

"A few million dollars? It's not much, just buy a lesson! "Zhong Shi hahadaxiao, he can now figure out what the situation is, nothing more than the preference for all the money to operate the full position, neither in other months of the contract to do the relevant hedging, nor to leave enough balance for reserves, in the case of futures such a daily liquidation, a little price fluctuation in the opposite direction will cause a shortage of reserves, and if you can't pay the margin in time, you will be forced to close the position by the relevant brokerage companies and exchanges.

This is not the most serious situation, the most serious is the liquidation, when all the positions will be forcibly closed, perhaps the remaining money is not enough to cover the final loss, in this case the customer who opened the account can only continue to pay the relevant loss funds.

Of course, under the mechanism of daily settlement and forced liquidation, except for the reverse operation of heavy positions and large fluctuations in the underlying price, liquidation generally rarely occurs.

Zhong Shi didn't know what the situation of Zhongyi's operation was, but the worst thing was just a liquidation situation, and he didn't care about this money, but seeing Zhongyi's listless appearance, he still comforted: "After my school year, let you see how futures are played, and then we will go to the New York Mercantile Exchange to do a big job, you just wait and see!" ”

"What?" Zhong Yi, who was still annoyed, was shocked, he didn't expect that his complaint would provoke Zhong Shi to take action personally.

"Not bad!" Zhong Shi walked to the window, looked at the high-rise buildings in downtown Chicago, and said with pride, "I'll show you what it means to manipulate the market!" (To be continued......)

PS: Thank you very much for the support of the secret and the first phoenix day commuter pass! At the same time, thank you for poisoning you thousands of times and making me think about many rewards! I hope more book friends can support this book ~xiexie~)