"What? I heard you right! Do you Pandit boss still need a loan? "Actually, I don't blame Ye Zhencheng for being surprised, because he knows Shakru's capital very well, not to mention anything else, just saying that his Ganges Pharmaceutical Factory is a chicken that can lay golden eggs, how can he need a loan, and even if he needs a loan, he doesn't need to go all the way to Mexico to get a loan, how can this matter sound strange.

Shakru thought for a moment, and then explained: "Well, that's right, I think there may be a problem with the Mexican peso recently, so I plan to short, simply put, it is to lend the peso, and then convert it into dollars in the bank, and when the peso depreciates, then exchange it back in dollars and return it to the bank to make a difference." (The peso is Mexico's currency, but Argentina, the Philippines, and Cuba are also called pesos, and the Mexican peso is the most widely circulated of them.) ）

There is a reason why Shakru chose to take out a loan in Mexico this time, because he remembers that Mexico had a financial crisis in late 1994 and early 1995, when the peso exchange rate plummeted and the stock market price exploded. Since Mexico pursued an active import substitution development policy after World War II and gradually established an industrialized national economic system, it has been called a major country development model of a newly industrialized country by the international economic community.

In 1992, Mexico's GDP per capita reached $3,030, making it the second largest country in Latin America after Brazil. However, it was in this form that a financial crisis suddenly broke out in Mexico, which not only caused serious chaos in the country's financial markets and the country's finances on the verge of collapse, but also affected neighboring countries and shook the global financial community. For this rare opportunity to make a fortune, speculators like Shakru naturally refuse to miss it.

After listening to Shaklu's explanation, Ye Zhenzhen generally understood, but he was not interested in this, in his opinion, it was troublesome and less profitable, in fact, he thought so, because it is estimated that few transactions can be more profitable than selling D. So he replied grinningly: "Your business is too troublesome, and I can't figure it out, so you just say how much you want to borrow, right?" ”

"Well, let's borrow 100 million pesos first, and then I'll have to trouble you to help me convert it all into dollars." (The Mexican peso is pegged to the U.S. dollar, which is basically 3-3.5 pesos to one dollar, so 100 million pesos is about 30 million U.S. dollars.) ）

"What? 100 million? You've got a big appetite, aren't you? ”

Shakru smiled bitterly: "No way, playing with this thing, I don't have a big appetite, and there is no profit at all, so it's better for me to continue to sell Wilgang." ”

"It's easy for you to do it if you have less, but it's a big number like 100 million, and it's hard to get out if you don't use some mortgage valuation!" Ye Zhencheng said with some embarrassment.

"You can rest assured, it won't make you embarrassed, I can use my Ganges medicine as collateral, as long as he can review and release the loan faster."

Hearing Sha Kelu say this, Ye Zhenzhen immediately had a bottom: "You said earlier that you were willing to use your pharmaceutical factory as collateral, then don't worry, there must be no problem at all, I finally ran a regular business, who dares to rub it off for me, then he simply doesn't want to live!" ”

I have to say that Ye Zhenzhen's work efficiency is very high, it didn't take half a month to help Shakru complete the loan procedures, and successfully converted 100 million Mexican pesos into US dollars, and he didn't charge any handling fees, just let Shakrudo help him send two batches of raw materials.

However, Ye Zhencheng still persuaded Shakru out of kindness: "Mr. Pandith, I have also learned about this financial knowledge and situation recently, to be honest, I think your transaction is quite boring." Yes, the US interest rate hikes that began at the beginning of the year (from February to November 1994, when the Fed raised the official interest rate four times, eventually to 5.5 percent) put some pressure on our Mexican financial markets, and a lot of short-term capital did start to flee in pursuit of higher interest rates.

And due to the widening gap between the rich and the poor in the country, the number of unemployed people is increasing, and the imbalance in economic development between departments and regions is becoming more and more serious, especially this year, there have been assassinations of presidential candidates and general secretary of the Revolutionary Institutional Party, but the decline in the stock market is not obvious, even if there will be a devaluation, it is difficult to have the large devaluation you want, so I still advise you to think twice! ”

Sha Kelu shook his head and said: "Mr. Ye, your time to study finance is too short, in fact, now your economic bubble and balance of payments deficit in Mexico are already too big, and it is difficult to change it." First of all, because of the long-term adherence to the peso's peg to the dollar, in order to maintain the peso's overvaluation of the dollar, imports have been encouraged and exports have been suppressed, resulting in a widening foreign trade deficit and operating deficit.

In addition, trade liberalization has caused Mexico to face an unprecedented trade crisis after joining the North American Free Trade Area (NAFTA), and in general, if a country's exports are dominated by labor- and resource-intensive products, due to the low elasticity of demand for such goods, exports will have a diminishing effect as the economic growth rate accelerates. ”

Speaking of this, Shakru suddenly reacted that this was not a discussion with his financial peers, so he changed his words and said: "Also, you don't know what my name is in India?" O heir of divination and sacrifice, my divination can never go wrong! ”

On Christmas Eve in 1994, that is, in the middle of the night of December 19, the new Mexican government suddenly announced that the new peso would depreciate by 15 percent, greatly exceeding the upper limit of 4 per 10,000 per day of the peso set by the previous government, and this decision caused great panic in the market. Foreign investors frantically sold pesos and snapped up dollars, and the exchange rate of the peso fell sharply.

On December 20, the financial crisis officially erupted, and the exchange rate fell from 3.47 pesos to one dollar to 3.925 pesos to one dollar, a sharp drop of 13 percent. On the 21st, it fell by another 15 percent, and with the depreciation of the peso, speculation in the financial market further intensified, foreign investors withdrew their funds sharply, and Mexico's foreign exchange reserves plummeted by $4 billion in two days. On the 22nd, it fell to 42 percent, which is extremely rare in modern financial history.

Although Shakru knew that in another two or three months, it would fall to nearly 50 percent, but he didn't want to wait any longer, first, he was worried that the night would be long, and second, he had a sniper plan in the near future, so on the 23rd, he began to reverse the peso, and this time alone, he made 12 million dollars. (To be continued.) )