The baht's second overslump was deeper than the first, but not as explosive.
Rather, it was the same as frequent urination and inconsistent urination, and it continued for a whole month or two.
This is also completely in line with the rules of investment, because the first wave of oversoldness caused a huge instant drop entirely because before it happened, it broke through the lazy policy of the Thai baht's "bound exchange rate system", just like the collapse of a dam.
At that moment, the traffic must be huge.
During the second wave of oversold market conditions, there is no longer any laziness tied up in the market, and there is no such thing as the explosiveness of "charging up strength to hold back big moves". No matter how much new bad news comes every day, it can be digested in time. It rains again and again.
It is large and there will be no dam-breaking flood peak.
On October 1, Chulawangkorn, who was originally in charge of Thailand's financial departments, was finally dismissed. The Thai baht's exchange rate has lost a cumulative 52% of its value compared to mid-August.
Perhaps the prime minister and the king felt that it was time to settle the blame and let Chulawangkong take the blame first, so that the successors could go into battle lightly and not be disturbed by the resentment among the people.
In the past month, Gu Kun did not continue to live in Xiangjiang or go to Thailand. Instead, he quietly returned to Lanfang and disappeared for a month.
As for the reason for disappearing, it's quite normal: his son and sister have gone back to school, and the happy days of summer vacation are over.
He himself felt that he was tired of playing in Xiangjiang, and he only stayed in Xiangjiang, a shopping paradise, to accompany his sister. Now that the girl has left, he will leave.
Moreover, I heard that the Grand Duke of Lanfang was still a little dissatisfied with Gu Kun openly raising women outside, so after returning to Lanfang, he persuaded Gu Kun to stay for a while in disguise, and discussed the future of Lanfang and how to deal with this baht crisis.
At home.
Kong Shangzhong and those Xiangjiang investment tycoons thought about talking to Gu Kun about their experiences and real expectations for the market, but Gu Kun was not convenient and they did not get in touch.
In the same way, relevant Thai authorities, and even people from Soros, also wanted to inquire about Kun Kun's story, but for the same reason, they were temporarily treated coldly.
"I heard that it was Grand Duke Lanfang who originally considered marrying his daughter to him and recruiting Gu Kun as his son-in-law. But it turned out that Gu Kun made a fortune during the summer vacation. He was too arrogant. He played with women in Xiangjiang in a high-profile manner and even married several
Female star. The Grand Duke can't lose his face, so he needs to ground Gu Kun to regain the dignity of the royal family.
In fact, I heard that Gu Kun's strength has far surpassed that of Zhu Youdong, and it is impossible for the other party to ban him. But after all, he is from Lanfang, so he still has to give it to the Grand Duke. Pretending to be restrained by the other party will also make the Grand Duke look for someone in the future.
It's not too shameful for a playboy to be a son-in-law. This is called a sedan chair carrying someone."
In most high-level circles in Hong Kong, and even in Southeast Asia, the upper-class people who think they are well-informed secretly spread the legend and believed in this setting.
Because it's very logical.
…
In mid-October, Thailand's finance-related departments finally welcomed a new spokesperson after the chief position had been vacant for more than a week.
Chulawangkorn's successor is named Duolad Tom Yum Kung. After he took office, he spent a week straightening out the situation, but the trend of the Thai baht continuing to fall slightly did not stop.
From October 14 to October 20, the decline further dropped from 52% to 54%.
There is no way to continue like this, we must find a breakthrough.
On the morning of October 21, Dullard was looking at the reports in his office and was at a loss when an assistant put a piece of information on his desk:
"Minister, here is a piece of news that may be of interest to you."
Dullard adjusted his glasses, picked up the fax and glanced at it.
"The Lanfang Hilton International Conference Hotel is officially unveiled... Isn't this just the opening of a higher-end five-star hotel! What kind of important news is this! Eh? Wait... Grand Duke Lanfang and Gu Kun will attend the ribbon-cutting ceremony and
Receive guests."
It turns out that the Hilton Hotel in Lanfang was a project decided during the Olympic Games last year. Later, the survey and design were completed in September, and then construction started. Counting the days, it has been 14 months now.
Even the construction and decoration took only 14 months in total, which can be regarded as a "Chinese speed". It would definitely not be possible if the Thais were left alone.
Dulade saw this and smacked the meaning: "You mean, is this Zhu Youdong's incident in the previous summer, when Gu Kun was looking for flowers and asking for help, which harmed the dignity of the royal family? Is this considered to be exposed? Zhu Youdong lifted the ban on Gu Kun.
.
Forget it, I was just about to find him right now. Please make some arrangements for me. I will fly to Lanfang this weekend and talk to him in person. Now let’s see if Gu Kun dares to act and he has agreed not to be an enemy of our Thai side.
, just close your position and stop short selling.”
Dullard vaguely remembered that many of Gu Kun's medium and long-term positions were originally expected to be closed around November.
However, because any futures has a delivery period range, for example, Gu Kun is doing three- to six-month options, then it is legal to close the position at any time during these three months. Specifically, he
Whether to sell in three months or six months depends on his mood and prediction of the market prospects.
From the Thai side, of course, we hope that Gu Kun will sell it as soon as 3 months is up. But the biggest fear now is that if Gu Kun thinks it can still fall and keeps holding on until 6 months, there is nothing the Thai side can do.
This is why Dullard wants to negotiate with the other party and try to persuade the other party.
"Okay, minister, I'll make arrangements right away." The assistant immediately took the order and left.
…
A few days later, on a weekend at the end of October, Doolittle took a connecting flight and successfully flew to Lanfang International Airport.
When he got off the plane, Doolittle couldn't help but look at Lanfang Airport and the surrounding environment with the eyes of an executive from a major tourism country.
"The airport is quite elegant, and the facilities are all in tropical style. But the route arrangement is really rubbish! There is not even a direct flight from Bangkok to here! You have to transfer from Guangdong, what a waste of planning!"
It turns out that the distance from Bangkok to Lanfang is actually only more than 1,600 kilometers, which is 700 kilometers closer than the 2,300 kilometers from Yuezhou to Lanfang. If he could fly directly, Doolittle could save time.
But why is Thailand also a tropical tourism country? Thailand competes with Lanzhou in the tourism industry. Very few people will travel to Lanzhou from Thailand. If a dedicated route is set up, it will definitely be operated at a loss.
Therefore, since the completion of Lanfang International Airport, in addition to the initially opened routes to Beijing, Guangdong, and Hujiang in China, in the following four or five months, only a few routes have been opened on a limited basis.
There are more flights from Seoul/Tokyo/Wanwan North to Lanfang. There are more flights from Seoul and Tokyo, two flights a day, and fewer flights from Wanwan, one flight a day. In total, there are a stable number of five or six hundred Japanese and Korean flights a day.
Tourists and hundreds of visitors to Huaxia Bay.
Other competing neighboring countries do not have a single route.
Originally, if Dolittle thought it was a waste to take a long detour, he could actually choose to fly from Bangkok to Kuala Lumpur and then transfer to Kuching, and then take a yacht ride of dozens of nautical miles from Kuching to Lanfang.
However, as a high-level dignitary, he obviously didn't intend to bother. He would rather fly an extra two thousand kilometers in the sky than spin one more time on the ground.
"The Lanfang people's construction idea is to clearly list themselves as the back garden of China, Japan and South Korea. Instead, they have drawn a clear line with our ASEAN brothers. Hmm, this kind of country is obviously a traitor to ASEAN!"
Doolittle couldn't help but complain in his heart at the end, which could be regarded as defining the country of Lan Fang.
After leaving the airport, the car he chartered passed the two to three kilometers long Airport Island Cross-sea Bridge, and he saw a skyscraper with more than 30 floors and more than 100 meters high standing on the other end of the bridge.
There is also a very neatly greened square built next to the building, which looks majestic and majestic. Neat coconut and banana trees are scattered in layers, and there are countless beautiful flower beds with tropical flowers.
Tens of thousands of tons of white sand were even sifted from the nearby coral reef island, and the original soil on the beach attached to this high-rise building was dredged and filled with white sand. The amount of work should be quite large.
This is the Lanfang Hilton International Conference Hotel that will be opened tomorrow with a ribbon cutting.
It is also the first building in Lanfang with a height of more than 100 meters.
Before 1994, the tallest house in Lanfang was only 12 floors. It was the office building of local wealthy businessmen such as Sa Wuyang and Zhu Jingye. Later, when Gu Kun wanted to build a four-star conference hotel, he first asked the Lin Ying family to borrow money to build one.
At any rate, it has about 20 floors. It was used for several years as an emergency, attracting public-funded conference groups from China, and Lin Ying's business also made a small profit.
Nowadays, it can be regarded as a complete switch from gun to gun, and even Hilton is on board. (The word "on" here refers to projects, not women)
"The Lanfang people have changed their guns for cannons in recent years. With such a big battle, it seems that they are really determined to develop high-end tourism." Doolittle was secretly alert.
Since the hotel hadn't opened yet, it was impossible for him to stay here, so he had to stay at the best conference hotel on the island, the one owned by Lin Ying's family.
The next day, Doolittle attended the ribbon-cutting ceremony as scheduled as an "international friend", and was invited to the stage to say some compliments - Thailand is also a big tourism country in Southeast Asia, so the Thai side must invite Doolittle, the "visited friend"
People with a "big world" came up to the stage to comment on Lanfang's service quality.
Dolittle was begging for help, so he could only say some flattering words in secret or overtly. He said "the facilities here are more upscale than those in Bangkok and Pattaya/Phuket, and the products produced by Gu Kun must be high-quality."
mean.
Anyway, he is in charge of Thailand's Ministry of Finance, and his own troubles are the most important. As for the affairs of the cultural and tourism department, he can only deal with fellow Taoists first rather than poor Taoists.
At the ceremony, Gu Kun unabashedly hugged Miss Pablo, who represented the Hilton Hotel, and expressed his gratitude to all the guests as the host.
At the cocktail party after the ceremony, I still walked around with my arms around Pablo, who looked like a butterfly in flowers, looking very high-profile.
Everyone knows that in the past year, Miss Pubouli has flown to Lanfang more than ten times to play, for as little as two or three days, or as much as a week. The friendship spread over thousands of miles, and Gu Kun was conquered by her.
Doolittle finally caught an opportunity and went up to Gu Kun to clarify his purpose directly:
"Mr. Gu, congratulations on your good start. I heard that your Thai baht short-selling option is about to expire. I wonder if you plan to close the position immediately?"
Gu Kun calmed down his frivolous expression, and even relaxed his hand on Pubouli. He just drooped his arms around his waist. After thinking about it, he answered seriously: "I have always been a value investor.
It's never changed."
"Does that mean you are willing to sell?"
"It's not convenient here, let's go to the side and chat."
It must be sold, but the words must be made clear, and the Thai guy must owe me a favor. I have made so much money from him, so I still have to thank him.