"These two measures have directly supported the private credit market in Southeast Asia."
My second uncle didn't understand. "These policies are all economic support measures for intergovernmental cooperation, and they have nothing to do with the stock market."
"How could it be unrelated?" Chen Dong helped him clarify his thoughts. "Think about it, why would Southeast Asian stock market investors, overseas investment companies, investment banks, and overseas manufacturers suddenly all enter the gold market?"
My second uncle thought for a moment and said directly, "Because of Sino-Ocean Bank, they have deployed a batch of gold reserves in the Southeast Asian market."
"That's just the surface reason; the deeper reason is people's trust in the Federal Reserve."
As he spoke, Chen Dong shook his head. "Most stock market investors believe that as long as the Federal Reserve intervenes in the Southeast Asian financial market, the Southeast Asian governments will join forces with the United States to launch new policies to stimulate economic growth."
"Based on this, people's expectations for the stock market will be more optimistic."
Chen Dong said with some helplessness, "None of the Southeast Asian countries have been able to guarantee the security of their currencies, so their citizens no longer trust their governments."
"They would rather believe in gold and real estate, and in developed countries like the United States, than in their own government, and even less in the currency issued by the government."
"That's why the gold craze can really take off."
My second uncle nodded as if he understood, "But what does this have to do with my gold stocks?"
"It's very relevant; the Fed is preying on gold bulls like you!"
Chen Dong smiled and said, "The United States has been printing money recklessly in its own country, while also issuing a large number of bonds. In recent years, the dollar bubble has been growing bigger and bigger."
"The economic data of the United States is not optimistic, so it can only use overseas financial markets as a fulcrum to repeatedly stimulate the economies of other countries, such as appreciating the Hong Kong dollar and the Philippine peso."
......
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