Nakayama Takuya took the proposal and skimmed through it at a glance.
"How's the position control? Don't swallow a mouthful just because the meat looks fat. You'll choke easily."
"Very conservative, entirely following your instructions." Hoshino pointed at several core figures circled in red on the proposal. "No single trade exceeds two percent of total capital. Total short positions remain under ten percent. We'll never take heavy positions, and we can pull out at any time."
Nakayama Takuya snapped the proposal shut and casually tossed it back onto the desk.
"That's more like it." Nakayama Takuya leaned back in his chair, a mocking smile curling across his lips. "The economic structures of these countries were practically stamped from the same mold as Thailand's. They all relied on short-term foreign debt to prop up false domestic asset bubbles. Their foreign exchange reserves looked substantial, but it was all borrowed money—swelling their faces to pretend they were fat. Now that the Bank of Thailand has admitted defeat, this window paper that tore at a single poke has been completely punctured."
Hoshino nodded deeply in agreement.
"Soros and those old foxes have crafted the market expectation that the central banks are bound to lose too perfectly. Now speculative capital and hot money from all over the world are charging after them with red eyes." Hoshino tapped the keyboard a few times and pulled up the latest Reuters flash report. "Look—the major Wall Street funds are frantically dumping these countries' currencies. They can't even be bothered to hide it now. They're smashing the market with their cards face-up."
"So we don't need to go through the trouble of building momentum at all." Nakayama Takuya's fingers lightly tapped out a rhythm on the tabletop. "We just lay out positions along with their expectations. Let Soros