Chapter 016 – Ripple Effect (Repair)

Although the Asian financial turmoil was still going on, people’s lives still had to go on. Inside the ramen store, some people began to talk about the current foreign exchange market.

Masayoshi Kishimoto buried his head and ate his large bowl of ramen inside the pork bone, but in his heart, he understood that the foreign exchange market is specialized in harvesting people like each other.

Gutsy, completely uninformed layman, but it is good. Just as he said to Sakai Rie that, the most drowned inside the water, not the person who can not swim, but the person who can swim.

The reason why he dared to ten times the leverage of shorting the yen, that is because he knew in advance that the yen will continue to fall until next year’s May, June, the highest will be close to 1 dollar to 150 yen mark.

Even so, Kishimoto justice also have to be careful to keep an eye on, so as not to appear in the middle of the yen against the dollar recovery of more than 10% to let their positions.

In fact, more than 5% should be a timely replenishment of the position. He will not carry out full operation, naturally, there will be a replenishment of the funds as a backup.

Usually, it is also 2-5 times the leverage to do. This is also for those who have a wealth of practical experience in foreign exchange speculation veterans. The average person stepped into the foreign exchange market, is tantamount to looking for death.

The use of leverage to speculate on foreign exchange, is too much of their own death is not fast enough. Want to get rich, get rich, is bound to take risks. “Wealth and danger” this sentence is completely right. However, the rate of return and risk are directly proportional.

Masayoshi Kishimoto did not have to wait until the yen fell to the lowest point against the dollar before closing the position. He knows that there are bound to be ups and downs in between, and how to capitalize and make money is a matter of skill.

On the current dollar to yen exchange rate is 1:115. this wait until the dollar against the yen close to 1:150 time, also means that the yen fell about 30%.

Kishimoto justice does not like to make money from the financial market above, after all, is against their own investment principles. He was investing in companies, not in stocks or speculation.

In his opinion, the growth of quality companies is like making a cake bigger. The bigger the cake, then the bigger the share. However, whether you are speculating in foreign exchange, stocks, futures, gold, etc., it is not like that at all.

Cake size is often established, you eat more, I will eat less. I eat more, then means you have to eat less.

The zero-sum game of both sides of the game is either to harvest others or to be harvested by others. If I wasn’t too idle, I wouldn’t get involved in it myself.

There is nothing more annoying in this world than the ripple effect. The financial crisis has produced things that have been able to ripple into the real economy.

Kishimoto justice heart like a mirror, this time the Chinese mainland is about to start sweeping the country’s big wave of layoffs. Laid-off workers are generally regarded as the pains of the country’s industrial transformation, the actual propaganda is also so.

In fact, the Asian financial turmoil, the influence of an external factor is the detonation of mainland China this wave of layoffs powder keg fuse.

The problem of laid-off workers first appeared in the early 1990s, when it was not called layoffs, some places called “stopping pay to stay on the job”, some places called “factory to stay on the job”, some called “long vacation”, “two no”, “two no”, “two no”, “two no”, “two no”, “two no”, “two no”, “two no”, “two no” and “two no”. In some places, it was called “leave without pay”, in others, “stay in the factory”, and in others, “long vacation” and “two no-search”.

In the mid-to-late 1990s, the problem of laid-off workers began to stand out as a socio-economic phenomenon, and attracted widespread attention from all aspects of society.

The fact that the problem of laid-off workers concentrated in this period is a comprehensive reflection of the deep-rooted contradictions accumulated over many years of China’s economic development.

Between 1998 and 2000, a total of 21.37 million workers were laid off from China’s state-owned enterprises. Of these, in 1998, 6.918 million were laid off at the beginning of the year, and 5.622 million were added that year.

In 1999, 6.1 million were carried over from the previous year, and 6.186 million were added that year; in 2000, 6.52 million were carried over from the previous year, and 4.446 million were added that year.

In terms of total volume, the annual total number of laid-off workers has been on a downward trend over the past three years. In terms of geographical distribution, laid-off workers were mainly concentrated in old industrial bases and economically underdeveloped regions, with the three northeastern provinces accounting for 25% of the total.

From the industry distribution, mainly concentrated in coal, textile, machinery, military and other difficult industries. 2001, the beginning of the state-owned enterprises (including state-owned enterprises, wholly state-owned companies) laid off 6,573,000 people, the year added 2,343,000 people, a decrease of 3,762,000 people, increase or decrease, at the end of the year 2001, there were 5,154,000 people laying off workers.

As soon as Justice Kishimoto thought of these, the bottle of flavors inside his heart was completely overturned. The Northeast is the hardest hit area, even after twenty years, revitalization of the Northeast that is only in the slogan above. Northeast of the birth rate than Japan and South Korea are lower, young adults out of more than 4 million people.

The least affected by this than the southeast coast, after all, they are the original reform and opening up of the forefront. In addition, the location advantage is obvious, facing Hong Kong, Macao and Taiwan, as well as overseas, and thus can quickly get the economy up.

This is not a one-off end, just like the financial turmoil, it will come again after a while. Twenty years later, even the unemployment rate of young people aged 15-24 in some major OECD member countries is high.

Korea is at 11.2%, RB is at 5.0%, Germany is at 6.8%, Finland is at 20.2%, Australia is at 12.8%, Mexico is at 7.1%, US is at 9.4%, Canada is at 11.7%, Denmark is at 11.1%, France is at 21.7%, Portugal is at 23.7%, and Spain is at 39.3%.

Masayoshi Kishimoto ate his fill, paid his bill, and quietly got up and walked out of the ramen store. His greatest emotion is that it is truly not easy for people to live.

Even twenty years later OECD member states among the young people with the lowest unemployment rate of RB people, but also screamed bitterly, by them playfully called themselves is the social animal.

Those who do not have a formal job, the income is not stable, after all, faced with rent and other pressures of life above. Those who have a formal job will face long hours of overtime work.

In reality, they will be obligated to work eight hours of overtime, while ostensibly working eight hours. The total number of hours worked is 16 hours a day, and there is no overtime pay for the so-called mandatory overtime.

This situation is common in RB SMEs. They have no choice but to do it in order to survive.

The only good thing about big enterprises is that they will more or less get overtime pay for overtime work. As for the length of time, it will be more than ten hours a day. This high salary is not given for nothing, after all, entrepreneurs are not philanthropists.

This retirement age has been extended to 70 by the RB government, which really makes Kishimoto Masayoshi understand what it means to be a laborer and die a rester.

For this reason, the reason why he traveled here is not to die as a wage earner. He understands why the word “labor” is not a good word.

Together, this means working 8 hours a day in a fixed place and working hard! As a result, he was still poor.