I Am a Nobleman in England

Chapter 268: God does not take it, but takes the blame

When the veil of wealth was finally lifted, the world was surprised to find that the wrinkles of debt had already densely covered the woman's face.

At that time, the financial crisis was raging, and governments of various countries adopted stimulus plans to save the economy, but the side effects of the stimulus policies were also very obvious-increasing anti-recession expenditures, social security expenditures and the sharp decline in shui income under the background of the downturn forced all ZFs to eat food .

   Finally, the grass snake fell on the line, and the gray stretched thousands of miles. With the spread and deepening of the subprime mortgage crisis, a financial tsunami that started on Wall Street finally accelerated the formation of another storm on the other side of the Atlantic, the European debt crisis.

  A Greece, which was supposed to be calm, unexpectedly opened the tip of the iceberg of the European debt crisis.

   Greece’s fiscal deficit and public debt as a percentage of GDP in 2009 are expected to reach 12.7% and 113%, respectively, far exceeding the 3% and 60% limits set by the EU’s Stability and Growth Pact. Aroused strong market concerns. . .

   It's been three days since the last time I was with Angela in the office, Smith Jama made a short Euro, and took advantage of the European debt crisis to prepare to make a fortune.

In these three days, besides Arthur and Emily, who no man would not love, felt life and searched for the truth of life, the rest of the time was spent in the office of the investment company, meeting to make more detailed plans, and listening. The various news gathered, at the same time, are waiting for the three major rating agencies to make trouble for Greece.

   From the continuously collected data, Arthur has a better understanding of the situation of the European debt crisis. At present, the average fiscal deficit of the euro zone accounts for 6.3% of GDP. However, Portugal, Italy, and Ireland are more serious than Greece.

  Many member states have very loose fiscal disciplines. With the increasing expansion of member states, the level of economic development in the euro zone has begun to diverge, and the difference between the North and South member states is the most obvious.

In the context of the continued appreciation of the euro and the shift of global manufacturing to emerging markets, the export competitiveness of southern European member states represented by Greece and Spain has been continuously weakened. On the other hand, since joining the euro zone, most southern European member states have Due to domestic pressure, the level of social welfare is still increased despite the slow economic development, causing labor costs to rise, further weakening competitiveness, and gradually being marginalized in the entire Eurozone.

  The laziness of people in some countries has reached a heinous level! Sunbathing all day, working for only a few hours and still full of complaints, taking vacations and traveling at every turn, high welfare has raised a large number of lazy people, as for what is hard work and hardship, what is it?

   For example, in Belgium, children only need the mother to give birth, and ZF takes care of everything else. You can apply to the government for maternity benefits in the sixth month of pregnancy. The first child can apply for more than 1,000 euros. If they are twins, they can apply for two. . .

  According to relevant policies, each child can get a monthly milk payment from ZF when he is young, and a certain amount of support will be paid from birth to monthly. If you are still studying or not working after 18 years old, you can still receive support from ZF until you are 25 years old by submitting relevant certification materials. The problem is that the primary and secondary schools in Belgium are completely free. Not only that, each student can also get a scholarship from the government every month through application.

   This is why it can be seen from the news that there are people in Europe who do not work and only have children to lead a prosperous life!

  Can you imagine that many people in Belgium not only don't feel depressed after losing their jobs, but also have a hint of joy?

  Because for the unemployed, Belgium generally provides unemployment benefits of 500 to 600 euros per month, and the unemployed with a bachelor degree or above will get higher unemployment benefits. Retire at the age of 65 and receive 800 euros a month. If you still pay for retirement insurance at work, well, you will make a lot of money, and a lot of money will be delivered to you. . .

It can be said that a welfare country like Belgium has a high welfare system that covers a person’s life, old age, sickness, and death. People basically have no worries about the future, so most of them are "Moonlight people" who spend almost every month’s income. Not left.

   To be honest, under this kind of high welfare, no one would be industrious to eat goods. At this point, Arthur can fully understand that, to be honest, if there is food, clothing, money, no one will want to work.

   Therefore, these countries are not bankrupt, that is a joke!

   After all, high welfare is built on top of high shui income. If there is no high shui income, high welfare will become a castle in the sky. However, the high shui income directly led to the wealthy and out of capital.

  Insufficient capital has led to weak economic growth and severe unemployment of workers, which has led to more demand for social welfare. As a result, ZF had to increase its income to support welfare expenditure. The high income will further scare the capital out of the country. Repeatedly, the economies of these countries are trapped in a vicious circle that is difficult to control.

  "...So, the most negative result of high welfare in Europe is that it deprives people of fighting spirit and makes people depressed."

   Arthur put down the information in his hand, the corners of his mouth raised, and his face sneered, saying that he would not feel any more guilt about the plan of shorting the euro and taking advantage of the fire.

   In the meeting room at this time, there was no sound. Everyone was really speechless about their young boss's complaints. After all, Britain is also a high-welfare country and has a large group of lazy people.

   "How are the funding preparations?"

   As for the lack of response from his subordinates, Arthur didn't say anything more, and stopped entangled in this topic, but looked at Smith Jama on the left and asked.

"After selling all the London gold up and down for one thousand and two hundred US dollars in an ounce, I received more than 186 million US dollars in capital. Together with the investment company's 10 million pounds, we can get exactly 200 million US dollars. "

Although he knew that the London Gold made him a lot of money this time, but now hearing the specific numbers, Arthur can't stop being happy, and the smile on his face has become very bright, "The two hundred million dollars is almost the same? "

   "Enough, boss, how much leverage do you want to use this time?" Smith Jama asked the question he cared most.

   Because of high leverage, even one advantage of foreign exchange investment is also a disadvantage of foreign exchange investment. Because the leverage is relatively high, investors can control more funds with less money. At the same time, because of the high leverage, investors need to bear more transaction risks. High leverage is a double-edged sword, which can increase profits and at the same time. Increase risk.

  Especially when the investor's funds are not so abundant, if the stop loss is not set, the excessive leverage will cause investors to liquidate their positions instantly during market fluctuations.

"..." Arthur was a bit entangled. He knew that the three major rating agencies would definitely downgrade Greece's credit rating. When it fell, the European debt crisis would definitely begin to break out and then spread. The euro would inevitably be dragged down and devalued. However, he has to consider the risks of high leverage.

   times or 100 times?

How to choose, this is indeed a question. However, starving to death the timid and supporting the courageous, Arthur's eyes flashed sharply. When he was about to make a decision, Angela, who was sitting on the right hand side, spoke first~www.NovelMTL .com ~ How much leverage to use, I think it still needs to be decided so early. Before shorting the euro, we still need to use technical indicator analysis and fundamental analysis to determine the exchange rate trend of the euro against the dollar. Speak with big data! "

Arthur frowned slightly and nodded in recognition of Angela's statement. It was not that he didn't believe in himself, but that it was involved in 200 million US dollars of funds. He couldn't be desperate only by the memory of his previous life. After all, he was really true. Can't remember when the three major rating agencies made the downgrades.

  As for foreign exchange speculation, although Arthur has already left the stage of financial novice, he does not know much about foreign exchange speculation.

"Actually, there is no difference between the foreign exchange market and the futures market. Assuming that if we predict that the exchange rate may rise, then we should change the U.S. dollar to the euro. If the exchange rate is 1.0100 at this time, we will make a long transaction of 1 lot, that is, use $1010. When the price rises to 1.0101, we sell the euro against the US dollar and then close the position, then at this time we have earned 1 point, which is 10 US dollars.

  If the exchange rate drops, then we can borrow euros from dealers using margin. If we find that the exchange rate is 1.0100 at this time, then we are also doing a 1 lot sell transaction. Use margin to borrow euros from dealers. When the exchange rate drops to a certain level, we buy euros and return them to dealers. We make a profit of 1 point and earn 10 dollars. "

   Smith Jama began to introduce and explain to Arthur in the simplest and most understandable way.

  :. :

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