Rebirth: Japanese investor

   Chapter 493 Short Argentina

   Kishimoto Masayoshi woke up and got up. He was neatly dressed, walked out of his bedroom, and went downstairs. He saw Rie Sakai and Mirei Sakai still sitting on the sofa in the large living room on the first floor.

The maid who was on duty last night came to him with a haggard face, bowed ninety degrees and said, "I'm sorry, sir. I haven't slept all night, so I just looked at the lady and the second lady, and I forgot to make you breakfast. ."

   "You've worked hard. Last night, even if you worked overtime all day." Masayoshi Kishimoto said calmly.

   "Thank you." The maid on duty once again bowed deeply towards him.

   Kishimoto Masayoshi also did not persuade them to continue. He believes that there will always be times when the two of them are tired. Take a taxi to work as soon as you leave the house.

   Kishimoto Masayoshi arrived in Ueno, Taito District, and did not choose to go directly to the company, but went to the small restaurant he liked to go to for breakfast.

   He not only ate familiar tastes, but also saw familiar people. Even if they are all extremely ordinary people, they will not hinder themselves.

   At nine o'clock, Kishimoto Masayoshi met Kobayashi Kiyoshi who came as promised in his president's office. The two were sitting face to face.

   He also told the secretary who was on duty outside that anyone who had something to do with him would let the other party wait and never let him in.

  Kishimoto Masayoshi specially called Kobayashi Kiyoshi here. Naturally, there are important things that need to be explained in person. This again involves a related trade secret.

   "What do you think of Argentina's economy in South America?" Masayoshi Kishimoto asked purposefully.

   Of course, Kobayashi Qingzhi knew that he specially asked himself to come here, definitely not for small talk. He sat up straight, and replied solemnly: "From a comprehensive analysis of data and intelligence in all aspects, it is not optimistic."

   "Then you start shorting the Argentine peso immediately. I mean immediately, you should understand." Kishimoto knew that Argentina would have a financial crisis this year.

  In March, Argentina will have a small debt repayment peak, and at this time the market has some doubts about the ability of the Argentine government to borrow new debt to pay off old debt.

   However, the entire market’s doubts about Argentina have not been completely dispelled. By July 10, the exchange rates of various exchange houses in Buenos Aires, the capital of Argentina, suddenly fluctuated, reaching a peak on July 12, when the peso had actually depreciated by about 5%.

  After the turmoil in July, due to the joint efforts of the Argentine government and the international community, it finally calmed down. On November 1, President de la Rua announced that Argentina will implement a package of economic adjustment measures such as renegotiating foreign debt, adjusting taxes, supporting difficult enterprises, and issuing new bonds to overcome the financial crisis. But these measures have not been met with a positive response, and instead have seen the biggest turmoil since July.

   On November 2, the Argentine stock market Melva stock index fell 284% from the previous trading day. Government public bond prices continued to fall.

   At the same time, money market interest rates have soared, so that overnight interbank lending rates have reached as high as 250% to 300%.

   Affected by this, the Argentine Country Risk Index assessed by Bank of New York Morgan once exceeded the 2500-point mark, setting a historical record. So the Argentine government continued to urgently seek assistance from the International Monetary Fund.

   But on Dec. 5, the International Monetary Fund withheld a $1.3 billion bailout loan for debt-laden Argentina, leaving the country facing one of the biggest debt crises in history.

   "Since you have made up your mind, then I should do it. However, I still want to offer some personal opinions." Kobayashi Qingzhi knew that he could not go against the president's wishes.

   "You said." The reason why Masayoshi Kishimoto put the other party in the position of President of Hard Gold Capital is not because of his obedience to himself, but because of his real talent in the financial field.

   "Whether there will be a financial crisis in Argentina remains to be seen. Not only me, but also Marunouchi and other financial institutions have a relatively consistent view.

  From the overall fundamentals, Argentina's current economy is still good. Even if there is a financial crisis, will it follow the same way as South Korea?

   Furthermore, even if Argentina is really unable to hold on, it can still turn to the IMF (International Monetary Fund) for assistance. "Xiao Lin Qingzhi has something to say.

   "Your doubts are not unreasonable. However, you should also know the principle of being stronger first.

  My purpose is to let you quickly seize this beachhead, so that the subsequent large troops can land and attack.

   When everyone thinks it is more profitable, how much meat can we share? It is precisely because everyone is hesitating, that when we want to observe it again, we should move forward without hesitation.

   You don't have to worry about anything. In the event of an accident, all responsibility is on me. You just have to mobilize the maximum amount of capital to short the Argentine Peso. To be precise, it is to short the country of Argentina.

   In addition to Argentina's currency market, you have to personally command the attack on the country's securities market and so on. I sit in the base camp to coordinate the overall situation.

   Let’s use ten times leverage! This time, I want Hard Gold Capital to make a name for itself and become famous overseas. " Kishimoto said eloquently.

   By using his own prophets, not only is he absolutely sure to win, but he will make a lot of money again. This time is different from the last time I followed Soros's **** to short the Korean won, ruble, and Japanese yen.

   After all, at that time, the capital that he could mobilize was too limited. This time, instead of following someone's **** to eat the rest of the meat, he will jump up and bite first.

  I can not only scrape away a lot of the wealth accumulated by Argentina for decades, but also strengthen its own strength from the qualitative change.

   Not only will the IMF not save Argentina, but Argentina is unable to repay its foreign debt of more than $150 billion. Argentina has thus become the largest bankrupt country in the history of the world.

  To a certain extent, the root cause of Argentina's financial crisis is similar to the problem that broke out completely when South Korea encountered the 1997 Asian financial crisis.

   In other words, in order to develop the country's economy, he would not hesitate to borrow heavily. After a series of operations with money, I did not spend more money on the blade.

   Not only South Korea and Argentina, but also Greece after joining the EU has the same problem. Suddenly there is more money, so I don't know what to do, and I don't have a clear plan at all.

   This kind of "upstart" situation is not the income of the treasure, but the borrowed money. Borrowed money always has to be repaid.

   Not only have to repay the principal, but also have to add interest. Even if the interest rate is lower and the principal base is large, it will be fatal. Not only that, there will also be profits.

   (end of this chapter)