Although the Asian financial crisis is still going on, people's lives still have to continue. Some people in the ramen shop began to talk about the current foreign exchange market.

Masayoshi Kishimoto was consuming the torch bone ramen in his big bowl, but he knew in his heart that the foreign exchange market was specifically dedicated to harvesting people like the other party.

It would be better to be a timid and ignorant outsider. Just as I said to Sakai Rie, the person who drowned the most in the water is not the one who can't swim, but the one who can swim.

The reason why he dared to short the yen with ten times leverage was because he knew in advance that the yen would fall until next Friday and June, the highest would approach the 150 yen mark for 1 US dollar to 150 yen.

Even so, Masayoshi Kishimoto must be careful to avoid the rebound of the yen against the US dollar in the middle and the price will be reduced if it is more than 10%.

In fact, if you exceed 5%, you should make a timely replenishment. If you do not do a full position operation, you will naturally leave funds to make a replenishment as a backup.

Usually, it is 2-5 times the leverage. This is also for those veterans who have rich practical experience in speculating in foreign exchange. Ordinary people entering the foreign exchange market are tantamount to seeking death.

Using leverage to speculate in foreign exchange means that you don’t die fast enough. If you want to get rich and make a fortune, you must take risks. The saying “find wealth and wealth in danger” is absolutely true. However, the rate of return is proportional to the risk.

Masayoshi Kishimoto did not have to wait until the yen fell to the lowest point against the US dollar before closing the position. He knew very well that the middle would inevitably rise and fall, and how to use and make money was his ability.

The current exchange rate of the US dollar to the Japanese yen is 1:115. When the US dollar approaches 1:150 against the Japanese yen, it means that the yen has fallen by about 30%.

Masayoshi Kishimoto does not like to make money from the financial market. After all, it violates his investment principles. He is an investment company, not investing in stocks or speculation.

In his opinion, the growth of a high-quality company is like making a cake bigger. The bigger the cake, the more it will be divided. However, whether it is speculation on foreign exchange, stocks, futures, gold, etc., it is completely different.

The size of the cake is often set. If you eat more, I will eat less. If I eat more, it means you will have to eat less.

The zero-sum game between the two sides is either to harvest others or to be harvested by others. If you are not too idle, you will not get involved.

The most annoying thing in this world is the ripple effect. Things caused by financial crisis can affect the real economy.

Kishimoto's righteousness is like a mirror. At this time, mainland China is about to embark on a wave of laid-offs that swept across the country. Laid-off workers generally believe that it is a pain of national industrial transformation, and the same is true in actual publicity.

In fact, the influence of the Asian financial crisis, an external factor, is the fuse that triggered the powder barrel of this wave of laid-off in mainland China.

The problem of laid-off workers first appeared in the early 1990s. At that time, it was not called laid-off. In some places, it was called "suspended wages and stayed at work", in some places it was called "unemployed in the factory", in some places it was called "long holiday", in "don't look for both", etc.

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

The problem of laid-off workers has emerged in this period, which is a comprehensive reflection of the deep-seated contradictions accumulated over the years of China's economic development.

From 1998 to 2000, a total of 21.37 million laid-off workers occurred in state-owned enterprises in China. Among them, in 1998, it was 6.918 million at the beginning of the year, and 5.622 million new workers were added that year.

In 1999, 6.1 million people were carried forward last year, and 6.186 million people were added that year; in 2000, 6.52 million people were carried forward last year, and 4.446 million people were added that year.

From the perspective of total volume, the total number of laid-off workers in the three years showed a downward trend. From the perspective of regional distribution, laid-off workers are mainly concentrated in old industrial bases and economically underdeveloped areas, with the three northeastern provinces accounting for 25%.

From the perspective of industry distribution, it is mainly concentrated in difficult industries such as coal, textile, machinery, and military industry. At the beginning of 2001, the number of laid-off workers in state-owned enterprises (including state-owned associate enterprises and wholly state-owned companies) was 6.573 million, with 2.343 million new workers added that year, a decrease of 3.762 million, which was offset by the increase and decrease. At the end of 2001, there were 5.154 million laid-off workers.

When Masayoshi Kishimoto thought of this, the five flavor bottle in his heart was completely overturned. The Northeast is a severely affected area, and even twenty years later, the revitalization of the Northeast will only be based on the slogan. The birth rate in the Northeast is even lower than that of Japan and South Korea, and more than 4 million young and middle-aged people have leaked out.

The most affected by this is the southeast coast, after all, they were the forefront of reform and opening up at the time. In addition, they have obvious location advantages, facing Hong Kong, Macao, Taiwan, and overseas, so that they can quickly build up the economy.

This is not a one-time end, just like a financial storm, and will come again in a while. Twenty years later, even the unemployment rate of young people aged 15-24 in some major OECD members has remained high.

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

Masayoshi Kishimoto was full, paid the money, and quietly got up and walked out of the ramen shop. His biggest feeling was that it was really not easy for people to live.

Even the RB people with the lowest unemployment rate among OECD member countries twenty years later complained and were jokingly called themselves social animals.

People who do not have formal jobs have unstable incomes. After all, they face various pressures in life such as rent. People who have formal jobs will face long-term overtime work.

On the surface, they work for eight hours, but in fact they will have another voluntary overtime. In total, they will work for sixteen hours a day, and the so-called voluntary overtime means there is no overtime pay.

This kind of situation is generally seen in RB small and medium-sized enterprises. In order to survive, they have no choice but to do it.

The only good thing about large enterprises is that overtime pay will be more or less overtime. As for the duration, it will be more than ten hours a day. This high salary is not for nothing, after all, entrepreneurs are not philanthropists.

This retirement age was extended to 70 by the RB government, which really made Kishimoto Masayoshi understand what it means to be corvee and die for rest.

For this reason, the reason why he traveled here was that he did not become a working-class person even though he died. He deeply understood why the word "加" did not come out.

The meaning of the word "poor" is that the top "read" means a fixed place, such as factories, units, companies, etc. The middle "eight" means an eight-hour working system. The bottom "force" means hard work.

What this means is that you work 8 hours a day in a fixed unit and work hard! As a result, you are still poor.
Chapter completed!