When the veil of wealth was finally lifted, the world was surprised to find that the wrinkles of debt had covered the woman''s face.
At that time, when the financial crisis was raging, governments all over the world adopted stimulus plans in order to save the economy. However, the side effects of the stimulus policies were also very obvious: the increasing anti-aging spending, social security spending and the sharp decrease of Shui income in the downturn forced each ZF to spend more money.
Finally, with the spread and deepening of the subprime mortgage crisis, a financial tsunami started on Wall Street finally accelerated the formation of another storm on the other side of the Atlantic, the European debt crisis.
The exchange of Greek ZF for Jie, which was supposed to be calm, unexpectedly opened the iceberg of European debt crisis.
Greece''s fiscal deficit and public debt as a proportion of GDP in 2009 are expected to reach 12.7% and 113%, respectively, far exceeding the upper limits of 3% and 60% stipulated in the EU stability and growth pact. Cause strong market concern...
It has been three days since the last negotiation with Angela, Smith and JAMA in the office to short the euro and prepare to make a lot of money with the help of the east wind of the European debt crisis.
During these three days, Arthur, in addition to feeling life and looking for the truth of life together with Emily you, who is not loved by any man, spent the rest of his time in the office of an investment company, holding meetings, making more detailed plans, listening to various news constantly gathered, and waiting for the three major rating agencies to attack Greece.
From the data collected continuously, Arthur has a better understanding of the European debt crisis. At present, the average fiscal deficit of the euro area accounts for 6.3% of GDP. However, Portugal, Italy and Ireland are more serious than Greece.
However, the financial discipline of many member states is very loose. With the enlargement of Member States, the level of economic development in the euro area has begun to diverge, among which the difference between the north and the south is most obvious.
Under the background of the continuous appreciation of the euro and the transfer of global manufacturing industry to emerging markets, the export competitiveness of southern European member countries, such as Greece and Spain, has been weakened. On the other hand, since joining the euro area, most of the southern European Member States have been forced by domestic pressure to improve their social welfare level even though their economic development is slow, resulting in labor costs It further weakens competitiveness and is gradually marginalized throughout the euro area.
In some countries, people''s laziness has reached an abominable level! All day in the sun, working only a few hours, still full of complaints, easy to leave travel, high welfare to raise a large number of lazy people, as for what is hard-working, what is that?
In Belgium, for example, children only need to be born to their mothers, and everything else is ZF. In the sixth month of pregnancy, you can apply to the government for birth allowance. For the first child, you can apply for more than 1000 euros. If you are twins, you can apply for two...
According to relevant policies, each child can get a monthly milk gold from ZF when he is young, and ZF will also pay a certain amount of maintenance money every month from birth to the age of 18. After the age of 18, if you are still studying or have no job, you can also get the maintenance money from ZF until you are 25 years old by submitting relevant supporting materials every year. The problem is that primary and secondary schools in Belgium are completely free of charge. Moreover, each student can get a school grant from the government every month by applying.
This is why we can see from the news that some people in Europe don''t work and live a rich life just by having children!
Can you imagine that in Belgium, many people do not feel depressed after losing their jobs, on the contrary, there is a glimmer of happiness?
For the unemployed, Belgium generally provides 500-600 Euro unemployment benefits every month. The unemployed with bachelor''s degree or above will get higher unemployment benefits. If you retire at the age of 65, you can get 800 euro a month. If you still pay retirement insurance when you are working, well, you''ll make a lot of money. A large amount of pension will be sent to your hand...
It can be said that in welfare countries like Belgium, the high welfare system covers the life, death and death of a person. People basically have no worries about their future. Therefore, most of them are "Moonlight people" who spend almost every month''s income.
To tell you the truth, under this kind of high welfare, no one will go to work hard. On this point, Arthur can fully understand. To tell the truth, no one will be willing to work with food and clothing and money to spend.
Bankruptcy, that''s why these countries are called jokes!
After all, high welfare is based on high Shui income. Without high Shui income, high welfare will become a castle in the air. However, high Shui income directly leads to the Tao of the rich and capital.
Lack of capital leads to weak economic growth and serious unemployment of workers, which leads to more demand for social welfare. As a result, ZF has to increase Shui income to support welfare expenditure. However, the high income of Shui further scares the capital flight, so repeatedly, the economy of these countries will fall into a vicious circle.
“。。。 Therefore, the most negative result of high welfare in Europe is that it deprives people of their fighting spirit and makes them depressed
Arthur put down the information in his hand, the corner of his mouth rose, with a sneer on his face. He would not feel any more guilty about shorting the euro and taking advantage of the fire.In perfect silence, the public make complaints about their young boss. After all, Britain is a high welfare country and a large number of lazy people.
"How about the funding?"
As for not getting the response of his subordinates, Arthur did not say anything more, and did not continue to entangle the topic. Instead, he looked to Smith JAMA on the left and asked.
"After selling all the London gold at about 1200 ounces, we got more than 186 million US dollars, and with the 10 million pounds of investment companies, we could get 200 million US dollars."
Although he had known for a long time that London gold had made him a fortune, now hearing the specific figures, Arthur still couldn''t stop being happy. His smile on his face became very bright, "is 200 million dollars almost enough?"
"Enough, boss. How much leverage do you want to use this time?" Smith JAMA asked his biggest concern.
Because of high leverage, even one advantage of foreign exchange investment is also a disadvantage of foreign exchange investment. Because of the high leverage, investors can control more funds with less money. At the same time, because of high leverage, investors need to bear more transaction risks. High leverage is a double-edged sword, which can increase profits and risks at the same time.
Especially when the investor''s capital is not so abundant, if the stop loss is not set, the excessive leverage will make the investor burst the position in the market fluctuation.
“。。。。。。” Arthur is a little tangled. He knows that the three major rating agencies will certainly lower Greece''s credit rating. When it falls, the European debt crisis will definitely start to break out and then spread. The euro will inevitably be dragged down and devalued. However, he has to consider the risk of high leverage.
20 times? 40 times or 100 times?
It''s a question of how to choose. However, the timid starved and the courageous stood up. Arthur''s eyes flashed. Just as he was about to make a decision, Angela, sitting on the right side, took the lead.
"How much leverage should be used? I think it needs to be decided so early. Before shorting the euro, we still need to judge the exchange rate trend of the euro against the US dollar through technical index analysis and fundamental analysis. Speak with big data! "
Arthur frowned slightly and nodded to approve Angela''s statement. It was not that he didn''t believe in himself, but involved 200 million dollars. He couldn''t put all his eggs in one basket by relying on the memory of his previous life. After all, he really can''t remember when the three major rating agencies made the downgrade.
And for speculation in foreign exchange, although Arthur has been out of the stage of financial Xiaobai, but for speculation in foreign exchange, he does not know much.
"In fact, there is no difference between the foreign exchange market and the futures market. Assuming that if we predict that the exchange rate may rise, we should exchange US dollars for Euro. If the exchange rate is 1.0100, we will do one hand long trading, that is, US $1010. When the price goes up to 1.0101, we sell the euro against the dollar and close the position. Then we earn a point, that is, 10 dollars.
If the exchange rate falls, then we can borrow euro from dealers by margin. If we find that the exchange rate is 1.0100 at this time, then we are also making a one hand sale. When the exchange rate drops to a certain extent, we buy the euro and return it to the dealer. We make a profit of 1 point and earn US $10. "
Smith JAMA began to introduce Arthur in the simplest and most understandable way.
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