The stock market is crazy. Because of those stocks that have a good foundation. It is the object of people's favor, even if it is expensive to watch, but for them, it is still very cheap.

Because you never know how cheap something is and how expensive it really is. The stock exchange market is constantly playing out in the midst of such hopes and fears of the future. It couldn't be easier for them.

The volatility of the stock market represents a new round of capital choices, and for them, they have a lot to choose from. However, most of the capital has the same understanding, and those companies that are good and have a good future will be the first, and they will be fully favored by capital. At this point, all people are very aware of this, if you want to make money, you have to follow the capital, which is all the advantages they must maintain consistency.

Jingshi, Luoyang.

The General's Mansion has been very busy lately, because the General is busy with the deployment of troops. There seemed to be a lot of lieutenants and officers coming in and out, but the march of the army seemed to be very slow, because many things were not ready.

And inside the barracks. The soldiers who received the order were very complaining.

They didn't have enough to eat, and they went out in winter again, plus the New Year. This made many people unable to calm down, and morale was very low. But this was an order of the emperor. They have no choice but to keep complaining. Complaining, but there is nothing they can do about it, they can only hope to delay until the time when the army does not go out. But is this possible? Ordinary soldiers simply couldn't figure out how likely this was.

The New Army Garrison in the West Garden.

"Morale is extremely low, and I am afraid that something will happen when I go on the expedition." Xi Zhicai said worriedly. For the question of morale. He was worried. But Cao Cao didn't seem to be worried at all.

"Hehe, who said you have to go on an expedition?" Cao Cao said with a smile.

The drama was puzzled. But Cao Cao didn't say anything. After all, there are some things that a few people know better. But Xi Zhi is a smart person, and he quickly understands some of the truths. Quite simply, the general is reluctant to go on an expedition, and going on an expedition means staying away from the center. A lot of things, once it happens. It's beyond the reach of the whip. Especially at such a critical time. The general will not go out with the soldiers, and it is obvious that the probability of failure is too great to go out with a demoralized team. Figure it out. Xi Zhicai also understands that some things can't be said, after all, there are many things, and they still need to think about it.

"However, the IRA has been making a lot of small moves lately." Xi Zhicai said worriedly.

"No worries. No worries. Cao Cao said after listening to this.

"The IRA North is not yet stable, even though the IRA's governance looks like free-range. But their efficiency is still higher. However, if the state is not stable, there will be northern Hulu going south. The Republican Army had a strong foundation in Hedong, and if it went south, it would inflict great losses on the Republican Army. Therefore, the Republican Army will not go south in the first place. Cao Cao estimated.

"In addition, the Republican Army needs to deploy a large amount of military expenses when it goes south, and the Republican Army has good logistics, but it relies on a lot of money, which is extremely difficult for the Republican Army. The mobilization of the army, although the number of militia in the Republican Army is large, most of them are temporary conscriptions, which also require training, rectification, and take a lot of time. Judging by the days. The IRA did not have an order to mobilize, so it can be seen that they are not able to use many troops. Of course. And their passages. An army that is extremely heavily dependent on logistics, and they will not rush south when the passage has not yet been opened. Cao Cao said.

Cao Cao's analysis is very pertinent. Even, all of a sudden, it was pointed at the vital point of the Republican Army.

Because these are the biggest difficulties that the IRA is facing at the moment. And it's all about the point.

The reason why the Republican Army was able to win the battle, especially in the later stage, was that they relied on their superiority in weapons and gave full play to their superiority in firepower to suppress their opponents. For example, in the face of dealing with the Wuhuan people in the north, the desperate pouring of firepower made the Wuhuan people unable to bear it at all. The two sides fought a bad battle in such constant temptations. Although in terms of numbers, in individual combat, the Wuhuan people have the upper hand. But the Republicans had the advantage in firepower, albeit in small numbers, but extremely powerful firepower, and in such a situation, naturally, they could not afford such a loss.

But the firepower means you're under a lot of pressure to resupply. This is a major weakness of the IRA, a little logistically poor. There were problems with the transport, for example, bad weather at the beginning, and the roads were not adaptable. The Republican Army showed symptoms of lack of firepower. All of a sudden, their battle entered a situation that was difficult to control.

But then the logistics of the later stage unfolded, and their situation was installed.

Same path. If the IRA wants to go south, they have to solve a difficult problem, which is logistics. The IRA's finances could no longer support a larger war. It's stressful for them. Cao Cao knew very well that the Republican Army was already in debt. Besides. It's the condition of the road.

It seems that the last summary has learned a great lesson, which makes the IRA very profound. For the control of the roads, the IRA seems to have reached a point of perversion. In the absence of improved logistical supplies, they will definitely not rush into a large-scale advance. In particular, from the Shangdang area, as well as Hedong, it is necessary to climb the Taihang Mountain, as well as the Zhongtiao Mountain. It's a lot of difficulty for them. Because the control of the road is still in the hands of the other party, if they cannot get control of the road, it means that the logistics supply line is stuck by the other side, so that they cannot move further at all. Naturally, the IRA could not fight south. This is the biggest difficulty for the Republican Army.

It is precisely in this way that Cao Cao saw through the hole cards of the Republican Army. He knew that the IRA didn't seem to be going to choose to send troops until they had solved these problems.

Lijiazhuang. War Department.

"There are too many disadvantages to the problem of sending troops." Shang Wu put the report aside in his hand and said. The staff officers made comparisons and took into account the factors of various parties, and they believed that the success of the active intervention did not seem to be great; first, they did not win the approval of the people of the world, the ordinary people did not know about the Republican Army, and the powerful landlords did not approve of some of the Republican Army's practices. Readers look down on it even more. There was no local support for going south. This is one of them.

The second is that their debts are too much for the Republican Army, and if they can't be cleared up in a timely manner, the credibility of the Republican Army will be a very big problem. This is extremely unfavorable for the Republican Army.

Third, naturally, there is the problem of transportation. This question. Difficult. Shangwu also doesn't have a very good way to deal with such a thing. After all, in such a situation, many things are not difficult for them to deal with.

"Before the war starts, I think we should sort out our finances, or maybe we should clean up other people's debts." Jia Xu submitted a report to Shang Wu.

Shangwu shook his head.

"We still have a lot of debt." Shang Wu said with such a headache.

"It's not our debt, it's Guan Zhong Dong Zhuo's. Moreover, the bank is very worried, because the debt of the other party is close to 10 million republican dollars, which is a very large number. Jia Xu said. Shang Wu was shocked after hearing this. Because the debt of the Republican Army is about 25 million, but Dong Zhuo is as high as about 10 million. This shocked Shang Wu. Because he didn't expect Dong Zhuo to have so many debts.

"The problem is that most of Dong Zhuo's debts are spent on the military. If Dong Zhuo can't repay the arrears in time, or if he can't pay off, the bank will have a big crisis, and the funds will fall into a huge disaster. Jia Xu said worriedly. It may be that Jia Xu first realized the crisis of the bank. Because banks are closely related to many, many industries, once there is a big crisis in the bank, other things will naturally appear in various crisis situations.

"Hmm. But the problem is that Dong Zhuo's financial repayment ability is so much. Shang Wu said helplessly.

Dong Zhuo's financial income can only repay interest. At present, it is the basis for maintaining friendship between the two sides. After all, borrowing money still takes a long time. But as time went on, some other situations started to make it a little difficult for them to deal with. For example, the cash flow of the bank. Because if a lot of money is concentrated in other areas, more situations will become very unfavorable.

"We need to be aware of the potential crisis on the part of the banks, which could cause us even more losses if such a crisis arises." Jia Xu said.

Shangwu nodded, agreeing with the view. After all, this situation cannot be solved in a relatively short period of time. How can you effectively accomplish some of these situations? Shangwu is pondering such a question.

It is true that banks are heavily indebted, although their role is liquidity. But when the debt reaches a certain percentage, the crisis becomes bigger and bigger. The more you should be careful about this kind of thing, Shang Wu said that he agrees with such a view, but he wants to reach such a level. It still takes a lot of thought.

"Okay. So, we have to think of other ways to deal with such things. Shang Wu thought for a moment and said.