Chapter 1191 Really Cunning
The Xiangjiang trading market has closed. Although it cannot be said that it is a complete victory, at least it is a situation of neither losing nor winning.
It's just that at least two billion dollars were spent a day. If this is a long-term behavior, no economy can bear it.
When it comes to capital comparison, Soros claims to be able to spend hundreds of billions of dollars. Well, this is pure nonsense. If you gain an overwhelming advantage, then the number of followers must be huge, and the level of tens of billions is easy and happy. If you want to say 100 billion, you must have so many stocks for you to sell short.
What? You said that Xiangjiang has hundreds of billions of foreign reserves.
Ahem, that's not how it works out. You have to be clear about one thing, this is money managed by the Monetary Authority, not government agency money. They are completely different things and should not be confused with each other.
Hong Kong papers are linked to US dollars, not to credit. Theoretically speaking, when a note-issuing bank prints a piece of Hong Kong paper, it must deposit an equivalent amount of U.S. dollars.
Aside from small amounts of currency, the Hong Kong paper circulating in the market is actually equivalent to a US dollar. If you use these reserves to rescue the market, I'm sorry, Soros will definitely hit the foreign exchange market.
As long as the bank restricts the exchange of US dollars, it will be over. The result of Xiangjiang will not be much better than that of Malaysia. Anyway, within three to five years, don't expect any development.
"I'm going to sleep first, this day and night are really hard.
Filson, take a break too. Before long, the most tragic battle will begin. By the way, tell Mitsubishi Bank that I won't see the money for three hours, so I don't need to cooperate in the future. "
"Okay, they will agree. These guys are scumbags. Strictly speaking, Julian Robertson is at best a secondary battlefield, and they can be so passive."
William White smiled and said nothing. There is a joke on Wall Street. There are rumors that Japan intends to intervene in the foreign exchange market.
Then, what should everyone do and ignore those idiots at all. If there are rumors, whose currency is Soros planning to short? Regardless of whether it is true or false, there will always be a violent fluctuation in the market.
It's not that Soros has a lot of money, it's really, it's that Little Japan doesn't know how to play this game.
Since you don't know how to play, you might as well give me the money. Hmph, wait until I get down on Soros, and then go to Japan to shear sheep.
Well, judging from the later results, Julian Robertson didn't get any benefits. The little Japanese cut flesh with a blunt knife, and when the old guy realized something was wrong, it was too late to run for his life.
If, if Japan hadn't released the water, it would have buried this fellow in one go.
After the Asian financial crisis, there is a revelation, it is best, it is best not to bet against the government. After the crisis ended, the four major hedge funds who were the culprits were shocked to find out that they had suffered heavy losses.
Long-term capital has fallen, and Tiger Fund is only half alive. The most ferocious hungry wolf, Soros, just crossed the passing line.
Nima, you bastards have caused at least trillions of dollars in property losses. Now you tell me, ahem, you still have to lose money.
Well, since then, investors' attitudes towards hedge funds have changed a lot. Investing is fine, but don't put all your eggs in one bet. The investment philosophy of White Fund and Buffett is the most reasonable.
Yes, you can go short, but you don't go naked short. If you really like to play like this, why not go to the Casino to try your luck.
"What's the matter? Has it opened yet?"
Filson looked at his watch, but he really didn't know what words to use to describe it.
"Boss, they're all insane, a deal worth $100 million a minute, and it's only been five minutes.
HSBC Holdings and Cheung Kong Holdings were among the heaviest sell-offs. "
"This guy, if you don't leave, you really won't be able to leave." Filson was stunned, he didn't quite understand how the boss came to such a conclusion when he woke up.
"You think I can sleep peacefully?"
Looking at the boss's panda eyes, Filson felt a little relieved. That's right, people like them don't even want to sleep. How could the boss invest so much in sleep?
"Soros is not a gambler, he is very calm. You see, when he shorted Thailand, did he ever shout that Thailand must lose!
No, what this guy likes most is sneaking around. The uncharacteristic advocacy this time is just to find someone to take over.
Hehe, it's just that he wasn't very lucky this time. Filson, press all over it immediately, smash it, Lion City, London, Xiangjiang, act together. "
"good!"
The think tank can be used as a shield, and it can also help him fill in the gaps. However, in the current situation, there was no one else who made the final decision except him, the boss.
He said Soros was not like a gambler, and in fact he was acting like one himself now.
"Boss, the other party has joined, aggressive, completely desperate."
"Bastard, this bastard. What's the situation now?"
"The transaction amount was high, and the stock index fell by 15 points. The short-selling funds following the trend seem to be hesitant."
The corner of Soros's mouth twitched. He already knew that Peanutton's threat was useless. Not only would Xiangjiang not modify the rules, he would even rule out introducing more stringent policies.
On this point, Peanutton is also helpless. Long-term investment funds were gone, and Lehman Brothers was in jeopardy.
At this time, you want Goldman Sachs and Morgan Stanley to take over, it's so simple there. To put it bluntly, let's guarantee the Mi Fed. If it doesn't work, then we can only watch these two products go bankrupt.
You said that others should not save the market, but what is your own?
Then don't say anything, except for Africa, the whole world is bailing out. Maoziguo, the most extreme, already needs to barter. I'll accompany you to break sleep, you give me two black breads, it's all right.
The instructions Soros received were very clear. If you continue to make troubles, not only will you not be able to go to Asia, but you will not be able to go to Europe either.
It's hard enough to say that this guy is 13, no matter how much money you make, what's the use of it.
Living in a simple place all day long, you are boring enough.
In desperation, Soros could only fight and retreat.
At the close of the afternoon market, the turnover exceeded US$6 billion. Not to mention other things, even such a data can be regarded as creating a history.
The size of Xiangjiang is limited. Even in a bull market, the turnover of the whole day rarely exceeds one billion US dollars. Since the outbreak of the Asian financial crisis, even if T plus zero, it is generally the same number.
They killed so fiercely in the morning, and it is estimated that they will fight even more fiercely when the market opens in the afternoon. The trading volume has increased tenfold, damn, is this a bull market?
"How about it, Lao Li, let's make a false alarm? You really are. The older you are, the less courageous you are. However, if you don't grab the chips now, you won't have such a cheap grab in the future."
"Don't worry, Boss Huo, I've already made arrangements. I didn't expect that the HKMA would be so bold."
"Huh, they have a woolen yarn, if it wasn't for the tens of billions of dollars from the north. How dare they put all their eggs in one bet.
Alas, having a strong backing is an entirely different matter. If you want me to say that naked short selling should be completely banned, you don’t have a single share of stock in your hand, how can you be so unscrupulous. "
"What my brother said is that a good stock market is turned into a mess by them. If they like gambling so much, they should go to the Casino."
Boss Huo couldn't help but smile, Li Chaoren is also confused, what kind of Casino can accept such a large-scale bet?
Just kidding, it's tens of billions at every turn, you might as well run a family by yourself. At least the meat can rot in the pot, so it won't be cheap for others.