He had carefully read the report several times yesterday and did not say anything about everyone's reactions. The same was true when he took the report yesterday.
Su Nuan and Old Man Gu sat firmly in their seats, waiting for everyone to finish watching.
After half an hour everyone had finished watching, he was the first to ask questions.
“What do you think of this report?”
One of the white-haired old men was the first to ask the question.
"Leader, is this report really written by Su Nuanxiao? Are the information and data listed in the report true and valid?"
"Comrade Su Nuan, please answer this question."
When Su Nuan heard the leader mention her, she stood up and bowed slightly to everyone, then answered calmly.
"Actually, before doing this report, my team had been collecting information continuously for several years. We also verified the information from multiple sources. The information and data mentioned in the report are absolutely true and valid."
As soon as Su Nuan finished speaking with certainty, the conference room suddenly exploded and everyone started talking at once.
Seeing everyone so excited, he spoke out at the right time to control the situation and wait until everyone calmed down.
"I believe everyone has seen that if the facts are as stated in this report, there is huge value hidden in it, but the risks in the stock market are also great. If it succeeds, our country's economy will achieve a leap forward. If it fails, it will be a fatal blow to the already struggling national economy. What are your views on this?"
At this time, a financial expert said.
"Leader, regarding the report's predictions of the financial crisis facing Latin American countries, after an in-depth analysis, we've found that they're consistent with the report. It's just that we didn't think of shorting the stock market and reaping huge profits. That's a brilliant idea. While the stock market is very risky, the rewards are also enormous. Faced with such a huge temptation, it's hard to resist."
"Does anyone else have a different perspective?"
One of the parliamentary officials questioned Su Nuan.
"Comrade Su Nuan, honestly, your report is truly fascinating. As our leader mentioned, the risks in the stock market are enormous. A failure would set our economy back for many years, so we're being extremely cautious. I'm wondering how confident you are that your attempt to short-sell Latin American stocks will succeed, and do you have a detailed plan?"
"The stock market is risky, so be cautious when entering the market. This is a common refrain among stock traders. I can't guarantee a 100% success rate, but based on the information we currently have, as long as we properly plan our capital allocation, the chances of success are high, and the returns are substantial."
"I mentioned in the report that in December 1980, the federal funds rate in Country A reached a peak of 22%. Most Latin American countries borrow at floating rates, and as interest rates in the international financial market climbed, borrowing costs soared, exacerbating their debt burden."
"In 1981, Brazil's fiscal deficit reached 7.81% of its GDP, with a stock of $250 billion; Argentina's public debt stock was more than half of its GDP."
"In 1982, the average inflation rate in the fourteen Latin American countries reached 71.45%. Severe inflation prompted a massive outflow of corporate and private capital from Latin American countries, exacerbating capital shortages and further increasing demand for foreign debt. Also in 1982, Latin American countries' total foreign debt reached $331.3 billion, accounting for more than half of the region's GDP and equivalent to 3.8 times the $87.5 billion in exports that year. The debt ratio reached 331%, and the debt repayment rate reached 41%."
"From these data, we can conclude that the foreign exchange reserves of Latin American countries have fallen below the dangerous level and are no longer able to repay the principal and interest of public external debt when it matures."
"Based on the timeline, by the end of July or early August, these countries will be unable to withstand the repayment pressure and will declare bankruptcy. Unable to repay the principal and interest of their public foreign debt, they will be forced to announce the indefinite closure of all foreign exchange markets and the suspension of foreign debt repayments."
"So everyone, my chances of success in this attack on the Latin American stock market are still very high. As for whether you are willing to take the risk and gamble on a bright future, it depends on your choice."
Su Nuan's well-reasoned speech excited everyone, and finally everyone voted unanimously to pass the resolution, appointing Su Nuan as the main person in charge of this stock market sniping mission. The state organized a group of financial experts to participate, and other departments fully cooperated.
In this way, led by Su Nuan, a financial team to target the Latin American stock market was initially formed, and the specific implementation arrangements will be communicated in detail later.
After the meeting, the leader was busy with many things, so the two of them didn't disturb him and went home.
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