My Name is Kobe Bryant
Chapter 518 The financial turmoil caused by Soros, Duncan McGrady's debut
In 1997, a sniper campaign led by Soros led to a full-scale financial crisis in East Asia.
And Kobe took this opportunity to play a big one.
On June 30, 1984, the Thai government started a fixed exchange rate policy pegged to a basket of currencies, in which the weight of the US dollar was as high as 80%. Under such a system, the exchange rate of the Thai baht against the US dollar is basically stable, maintaining a level of 24.5-26.5 for a long time.
From 1984 to 1995, as the U.S. dollar entered a depreciation cycle, the effective interest rate of the Thai baht also fell sharply, and the competitiveness of exports increased significantly. The rapid growth of exports brought Thailand an average annual GDP growth of 8%, and another Asian miracle was born.
Because the U.S. dollar entered a cycle of interest rate cuts and depreciation at that time, it was obviously more cost-effective to use U.S. dollars for financing. The Thais thought the same way, so they chose to borrow heavily in US dollars for financing.
Since 1995, things have changed. The foreign exchange market has gradually reversed. The US dollar has entered the cycle of interest rate hikes and began to strengthen, and the exchange rate has also changed from previous depreciation to appreciation. The effective interest rate of the Thai baht has also continued to strengthen, which has seriously weakened the competitiveness of Thailand's exports. The decline in exports led to a rapid expansion of Thailand's trade deficit. In order to adjust the trade deficit and achieve a balance of payments, the Thais chose to hastily liberalize the capital market and use high interest rates to attract foreign capital inflows.
At the beginning of 1997, Thailand's foreign exchange reserves were about 35 billion US dollars. Thailand's financial bubble is already very big, and the wind is filled with the smell of blood, and the moment of bursting is coming soon.
What is Soros's operation? First exchange the U.S. dollar for Thai baht, and at the same time borrow a large amount of Thai baht from the Bank of Thailand. Afterwards, tens of billions of baht were thrown out in Thailand's foreign exchange market to repurchase US dollars. First, he buys quietly and quietly, and when a critical point is reached, he will use the power of public opinion to yell loudly. Other international speculators will follow suit when they smell blood.
As a matter of fact, the Bank of Thailand’s foreign exchange reserves can’t be held up. The foreign exchange reserves are exhausted in less than a week. Naturally, they can only choose to decouple the fixed exchange rate and start floating the exchange rate. The Thai baht has depreciated sharply.
Before the exchange rate of the Thai baht to the US dollar was 10:1, Soros asked the Bank of Thailand to borrow 10 billion baht to start selling. The baht was exchanged for another $1 billion through the Bank of Thailand. Later, the Bank of Thailand ran out of US dollars, and the exchange rate became 100:1. Now Soros only needs to exchange 100 million US dollars for 1 billion baht and return it to the Bank of Thailand, and he earns the rest. Of course, the operation is far more complicated than these descriptions, and the scale is much larger.
The second half of 1997 was the period when the financial turmoil reached its climax.
Not only Thailand, the financial turmoil swept across Asia, Soros even carried out a series of operations in Hong Kong. I won't say much about the reasons for the river crab.
After Kobe invested in Mamba Sports, he still had $13 million in liquid funds on hand.
Take out 10 million to participate in this bloody attack by international financial predators.
. . .
Trading was in full swing, as was the NBA's summer league.
Las Vegas, Spurs vs. Celtics in summer league.
"Duncan's debut!?"
"The so-called Lord of the Rings Bill Russell and Olajuwon's first show! Looking forward to it!"
"I heard that Duncan may overturn Kobe's achievements and become the strongest rookie in history!"
"Impossible! Kobe won everything except the championship MVP and other honors."
"Nothing is impossible, Victor Flying White Devil will rule the NBA!"
Auerbach made a rare summer league appearance.
The only man who dared to smoke in the arena with a cigar in his mouth, folded his arms.
Looking forward to Duncan's debut?
Auerbach acknowledged that Duncan was the type of player destined to become a legend. He put Duncan in Russell's shoes.
But the current alliance is different from the era of Lord of the Rings!
The super insider is still great, but the impact on the game is not as strong as in the past.
It can be seen from the four major centers that only Olajuwon has won the championship so far. Although the end of the center has not yet come, it is not far away.
The future belongs to strikers like Van Horn, Tracy McGrady and Walker!
Auerbach looked at Van Horn and McGrady on the sidelines, just as he looked at Bird at that time. There is a trace of strictness in the appreciation of kindness.
Their upper limit is by no means lower than Duncan's!
McGrady is gearing up, he can't wait to complete a big windmill dunk on the head of Duncan, who is known as the strongest rookie in this session, just like he did to Felton!
Since signing with the Celtics! McGrady and Van Horn are training every day besides training!
Auerbach trained McGrady and Van Horn as his closed disciples. The Cardinal found that McGrady, in particular, seemed to have endless potential in his body. The greater the pressure, the more McGrady could gain!
Coupled with the Celtics' excellent team doctor and sparring care, the injury risk of the two players was also stifled.
Maddie is suffocated! And now is undoubtedly the time for him to vent!
Duncan walked out of the tunnel slowly, calm and sophisticated.
Popovich originally considered not letting Duncan play in the summer league, but the cheers from the fans and the media were too enthusiastic. Coupled with the small ball market in San Antonio, the team desperately needs to increase revenue.
The appearance of Duncan will undoubtedly greatly increase the commercial value of the team.
In the end, it was decided to let Duncan play a dozen.
At the start of the game, McGrady was placed at shooting guard and Van Horn was at small forward.
Although a shooting guard, McGrady took the ball directly from his teammates!
The height of a small forward!
The shooting guard position!
Point guard play!
This is Auerbach's positioning for McGrady! Almighty swingman! From the first position to the third position all can be competent!
At the beginning, Auerbach just wanted to try Tracy McGrady and Van Horn, what responsibilities they could do.
And McGrady's performance in every aspect surprised the Cardinal! From offense and defense to organization and connection, his eyes are full of talent!
On the contrary, Van Horn's performance is much worse than McGrady's aura. Although he is the No. 3 pick Bird II, Van Horn's more prominent talent is only projection. The organization and series can only be said to be passable, but the defense is very bad.
That being the case, Auerbach simply treated McGrady as Kobe to train him!
Do anything!
The result made Auerbach very satisfied, McGrady's progress in all aspects is amazing!
At the beginning of the game, McGrady assisted Van Horn to complete the shot.
Duncan, on the other hand, is slow, without the slightest taste of a headed star.
Played team basketball and acted as a wall and high support point for teammates.
McGrady and Van Horn overwhelmed Duncan for a while!
Seeing this, McGrady rushed to the basket with lightning speed!
Leap high!
Buckle!
He wants to dunk Duncan!
Ask for a double monthly ticket!
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