Rebirth 79: I opened a bank in the United States

Anomalies in Japanese markets after Chapter 890 of the Plaza Accord

New York Central Park.

In September, the park is still full of greenery, and the temperature is also hot.Today is another Sunday.
Against the background of tourists, Carter was sitting by a flower bed, dangling his raised Erlang legs, thinking about what might happen in the near future.

Optical fiber construction is the direction that DOG Construction must transform.In the past economic crisis era, Douglas became one of the few, or even the only remaining, profitable cities in south-central Georgia by virtue of a series of "export" out-of-state businesses.
In that context, Douglas has no shortage of influxes.The increase in net population inflow has brought about the prosperity of Douglas' real estate and infrastructure industries in recent years.But with the end of the era of high inflation, in the next period, the demand for this part is already going to decline visible to the naked eye
Then, finding a new way out for DOG Construction Engineering and keeping the jobs of nearly [-] employees under DOG Construction Engineering is the most important thing in the business under my own name.And the cost of Fiber Channel construction is high!Very high!

Yale's project, because the purpose is not simple, basically can't make money; the construction of communication channels between the branches of Black Flag Bank in Georgia is also a matter of left-handed and right-handed, which is basically equal to pure investment; the third step
Forget it, don't even think about the third step!

It is only the second step, building a communication network between black flag savings banks.The first phase of the project, even if it is just a line linking Douglas head office, Pearson branch and Argyle branch
The pipeline mileage must exceed [-] kilometers!
The cost of a 4000-kilometer optical fiber pipeline is at most slightly lower than that of a [-]-kilometer expressway. Even if [-] million US dollars is invested, it will not be enough
Where can I find more money?

With one hand on his chin, Carter unknowingly lowered his legs, frowning slightly
Looking forward along the floor gap on the ground, on the opposite side of the flower bed where Carter was sitting, was a newsstand and then Carter saw an advertising poster.
ATT!

In 1984, when the cellular communication network of American mobile phones was completed and "Big Brother and Big Brick" officially entered the stage of history, a major event in the telecommunications industry also happened: the split of ATT!

In 1974, the U.S. Department of Justice sued AT&T for antitrust violations, a lawsuit that lasted eight years.And this time, ATT did not win the case. In 1982, ATT, which lost the lawsuit, was finally split in 1984 after two years of preparation.In this split, ATT was split into eight shares
Among them, ATT, which retains the name of the parent company, will specialize in the manufacturing of long-distance telephones and communication equipment; in addition, all intra-city or intra-state telephone services are divided into seven regional Bell
Staring at the newsstand, it was already an advertisement of the long-distance telephone company ATT promoting its own calling card.Carter couldn't help but have a flash of inspiration in his mind, as if he smelled a smell called opportunity
Let's just say, will Southwestern Bell, who will be in charge of local telephone business in Georgia in the future, be interested in optical fiber communication?

In the process of pondering this possibility, time flies!

In the blink of an eye, a burst of noise began to gradually sound in the direction of the Plaza Hotel
The finance ministers of the five countries taking pictures at the entrance of the hotel, as well as the reporters rushing back to the car, preparing to catch up with the press for additional publications, together formed the picture in front of Carter.

Stopped a reporter, and for $500, Carter quickly got what was in the press conference.Unfortunately, there is still no mention of policy intervention
Monday, October 9.

The foreign exchange markets of the four countries except Japan are open!
Japan's financial markets remain closed due to the fall equinox holiday in Japan on September 9.For this reason, at the G23 meeting in London, Bayer, the president of the Bundesbank, expressed dissatisfaction: "Why did you find such a reason again?"

Like Lieutenant General Livesey's dissatisfaction with the chicken thief of the Koreans, President Bayer also felt the unique "chicken thief" of the East Asians from the Japanese.
It may be a coincidence, but it may also be a deliberate delay in action, so that Germany can test the water first, and Japan, which has gone through the minefield to see, has not moved today.Just because Japan doesn't move, doesn't mean other countries don't move
截至23日闭市时，欧洲市场的美元兑换日元汇率已经由1比242降低到了1比230，而美国市场反应更加迅猛，直接跌破了230，最终汇率定格在了1比225
A drop of about 5%.

On September 9, the Japanese market opened.
Perhaps because of the small decline, Japan's market opened on the 24th with a lot more courage.On the 24th alone, the Bank of Japan released 12 billion U.S. dollars into the market, and the opening price continued the international exchange rate of the previous day, set at 1:230
But the strange thing is that it is not known whether it is because of the closure of the Japanese financial market, or because the Japanese nationals, who are major participants in the Tokyo financial market, are too thieves.
We all know that the yen will appreciate and the U.S. dollar will depreciate, resulting in no one accepting the $12 billion.

When the market closed on the 24th, the exchange rate of the dollar against the yen in the Japanese financial market rose instead of falling, let alone falling, and finally closed at a price of 1:230.4.
Also within these two days, on Monday, President Reagan released a new foreign trade policy.In this foreign trade policy, Reagan directly named and criticized many US trading partners.
As Japan, which has the largest trade surplus with the United States, it is natural that it will inevitably bear the brunt of being named and criticized by Reagan.
Such a policy was originally intended to deal with the trade protectionist sentiment in the U.S. Congress. Perhaps the direct name-calling from the U.S. is also the culprit that caused the reaction of the Japanese financial market to be diametrically opposed to that of the international market?
Even the dignified America called her name and said: Japan, the dog day, cheats me and takes advantage of me
It made it clear that they wanted to attack Japan, which made the Japanese side show no interest in the dollar? !
Think about the current situation where the Republican Party occupies the majority of seats in the U.S. Senate, and the Republican Party mainly focuses on industrial real estate, industrial manufacturing, etc.
They are the ones who are most affected by Japan. Even the president can't ignore the opinions of "old comrades", can't he?
Such an announcement to appease colleagues seems to have had the opposite effect.
"It's okay, don't worry. James has already talked with Takeshita on the phone. The Japanese side promised to continue to increase the intensity of dollar selling on the 25th. However, are you sure to sell the yen in your hand so early? Now the world is going It has changed, now is the era of a strong yen, if you stay longer, I believe the income will be higher!"

"How about you say hello to Chairman Volcker for me? Let me go first?!"

Carter rolled his eyes helplessly. If he had the time, capital, and confidence, he would be willing to keep the yen longer.Historically, Carter remembered that at the highest point, the yen could rise to 120 yen for 1 dollar!
At that time, my profit was close to [-] million
But now.
"I only have five days, and this is still a situation where the FDIC is covering me. Tomorrow is the last day. If there is still insufficient funds in the savings account, it will inevitably lead to a regulatory investigation by the FDIC. To be honest, I regret it now." I didn’t sell the yen in my hands on the 23rd when the market sentiment was at its peak.”

"As soon as the situation in Japan comes out today, it is estimated that people's hearts will fluctuate again. The 'untrustworthy' Japan is somewhat worrying that they will renege on their promises. Conspiracy theories have come out in tonight's "Flomon News", saying that Japan It is a promise on the surface, but behind the scenes, it is also secretly increasing the money supply of the yen to hedge against the impact of the depreciation of the dollar.”

(End of this chapter)