{"id":2952,"date":"2018-09-19T08:04:22","date_gmt":"2018-09-19T01:04:22","guid":{"rendered":"http:\/\/11173.123webdep.xyz\/2017\/06\/16\/new-home-decor-from-john-doerson\/"},"modified":"2018-10-20T13:45:05","modified_gmt":"2018-10-20T06:45:05","slug":"stanley-druckenmiller","status":"publish","type":"post","link":"http:\/\/supplyhouse.vn\/en\/2018\/09\/19\/stanley-druckenmiller\/","title":{"rendered":"[Quy t\u1eafc \u0111\u1ea7u t\u01b0 v\u00e0ng] Stanley Druckenmiller: C\u00e1nh tay ph\u1ea3i c\u1ee7a Soros v\u1edbi k\u1ef3 t\u00edch kh\u00f4ng bao gi\u1edd l\u1ed7 trong su\u1ed1t 30 n\u0103m"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"sapo\">Trong su\u1ed1t h\u01a1n 30 n\u0103m h\u00e0nh ngh\u1ec1 giao d\u1ecbch t\u00e0i ch\u00ednh, Druckenmiller \u0111\u1ea1t t\u1ef7 su\u1ea5t sinh l\u1eddi \u1ea5n t\u01b0\u1ee3ng 30%\/n\u0103m. M\u1ed9t con s\u1ed1 r\u1ea5t \u1ea5n t\u01b0\u1ee3ng, nh\u01b0ng \u0111i\u1ec1u ng\u1ea1c nhi\u00ean h\u01a1n l\u00e0 \u00f4ng \u1ea5y ch\u01b0a bao gi\u1edd thua l\u1ed7 trong b\u1ea5t c\u1ee9 n\u0103m n\u00e0o.<\/h2>\n<p><!--more-->Ph\u00eda sau th\u00e0nh c\u00f4ng c\u1ee7a huy\u1ec1n tho\u1ea1i \u0111\u1ea7u c\u01a1 George Soros l\u00e0 nh\u1eefng nh\u00e2n v\u1eadt c\u00f3 kh\u1ea3 n\u0103ng l\u00e0m khuynh \u0111\u1ea3o t\u00e0i ch\u00ednh th\u1ebf gi\u1edbi. George Soros &#8211; \u00f4ng ch\u1ee7 c\u1ee7a C\u00f4ng ty Qu\u1ea3n l\u00fd Qu\u1ef9 Soros n\u1ed5i ti\u1ebfng, qu\u1ea3n l\u00fd h\u00e0ng lo\u1ea1t qu\u1ef9 m\u00e0 trong \u0111\u00f3 n\u1ed5i b\u1eadt nh\u1ea5t l\u00e0 qu\u1ef9 Quantum. Tuy nhi\u00ean ch\u1ec9 sau h\u01a1n 1 th\u1eadp k\u1ef7, Soros \u0111\u00e3 \u1ee7y quy\u1ec1n \u0111i\u1ec1u h\u00e0nh qu\u1ef9 n\u00e0y cho Stanley Druckenmiller &#8211; m\u1ed9t nh\u00e2n v\u1eadt \u0111\u01b0\u1ee3c coi l\u00e0 &#8220;v\u0169 kh\u00ed t\u1ed1i th\u01b0\u1ee3ng&#8221; c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 l\u1eebng danh th\u1ebf gi\u1edbi n\u00e0y. V\u1eady nh\u00e2n v\u1eadt n\u1ed5i b\u1eadt l\u00e0 ai?[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n\t\t<div id=\"woodmart-title-id-69e1c0b06b5ce\" class=\"title-wrapper  woodmart-title-color-default woodmart-title-style-bordered woodmart-title-size-default woodmart-title-width-100 text-left \">\n\n\t\t\t\n\t\t\t<div class=\"liner-continer\">\n\t\t\t\t<span class=\"left-line\"><\/span>\n\t\t\t\t <h4 class=\"woodmart-title-container title  woodmart-font-weight-\" >Stanley Druckenmiller<\/h4>\t\t\t\t \t\t\t\t<span class=\"right-line\"><\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\n\t\t[vc_column_text]Stanley Druckenmiller (sinh n\u0103m 1953) v\u1ed1n \u0111\u01b0\u1ee3c bi\u1ebft t\u1edbi l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n c\u1ee7a th\u1eddi \u0111\u1ea1i, \u0111\u1ed3ng th\u1eddi c\u0169ng l\u00e0 ng\u01b0\u1eddi qu\u1ea3n l\u00fd qu\u1ef9 ph\u00f2ng h\u1ed9 v\u00e0 nh\u00e0 t\u1eeb thi\u1ec7n n\u1ed5i ti\u1ebfng tr\u00ean n\u01b0\u1edbc M\u1ef9. Trong th\u1ebf gi\u1edbi \u0111\u1ea7u t\u01b0, \u00f4ng v\u1ed1n \u0111\u01b0\u1ee3c v\u00ed &#8220;nh\u01b0 l\u00e0 l\u00e0 c\u1ed7 m\u00e1y ki\u1ebfm ti\u1ec1n v\u0129 \u0111\u1ea1i nh\u1ea5t trong l\u1ecbch s\u1eed, v\u1edbi kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch c\u1ee7a Jim Roger (ng\u01b0\u1eddi c\u00f9ng Soros l\u1eadp ra Quantum r\u1ed3i sau \u0111\u00f3 t\u00e1ch), kh\u1ea3 n\u0103ng giao d\u1ecbch c\u1ee7a Soros v\u00e0 tinh th\u1ea7n th\u00e9p c\u1ee7a m\u1ed9t tay c\u1edd b\u1ea1c chuy\u00ean nghi\u1ec7p&#8221;.<\/p>\n<p><em>Su\u1ed1t giai \u0111o\u1ea1n 1989-2000, qu\u1ef9 Quantum v\u00e0 c\u00e1c qu\u1ef9 kh\u00e1c do Soros l\u1eadp ra \u0111\u1ec1u do Druckenmiller \u0111i\u1ec1u h\u00e0nh. Druckenmiller c\u0169ng ch\u00ednh l\u00e0 nh\u00e2n v\u1eadt \u0111\u1eb1ng sau c\u00e1c v\u1ee5 &#8220;\u0111\u00e1nh s\u1eadp&#8221; ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u1eeb \u0110\u1ee9c, Th\u1ee5y \u0110i\u1ec3n, Anh (1992), c\u00e1c qu\u1ed1c gia Nam M\u1ef9 (1994), c\u00e1c qu\u1ed1c gia ch\u00e2u \u00c1 (1997).<\/em><\/p>\n<p><em>Th\u00e1ng 9\/1992, b\u1eb1ng kho\u1ea3n \u0111\u1ea7u t\u01b0 tr\u1ecb gi\u00e1 10 t\u1ef7 USD v\u00e0o \u0111\u1ed3ng b\u1ea3ng Anh (GBP), Soros v\u00e0 tr\u1ee3 l\u00fd \u0111\u1eafc l\u1ef1c Stanley Druckenmiller \u0111\u00e3 l\u00e0m cho \u0111\u1ed3ng b\u1ea3ng Anh ph\u1ea3i r\u00fat kh\u1ecfi h\u1ec7 th\u1ed1ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ch\u00e2u \u00c2u (ERM). V\u1edbi th\u00e0nh t\u00edch &#8220;\u0111\u00e1nh s\u1eadp&#8221; ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng Anh n\u00e0y, qu\u1ef9 Quantum thu v\u1ec1 1 t\u1ef7 USD. Th\u01b0\u01a1ng v\u1ee5 n\u00e0y c\u0169ng khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng b\u1eaft \u0111\u1ea7u ch\u00fa \u00fd \u0111\u1ebfn ng\u00e0nh qu\u1ef9 \u0111\u1ea7u c\u01a1.<\/em><\/p>\n<h5><b>Trong su\u1ed1t h\u01a1n 30 n\u0103m h\u00e0nh ngh\u1ec1 giao d\u1ecbch t\u00e0i ch\u00ednh, Druckenmiller \u0111\u1ea1t t\u1ef7 su\u1ea5t sinh l\u1eddi \u1ea5n t\u01b0\u1ee3ng 30%\/n\u0103m. M\u00f4\u0323t con s\u00f4\u0301 r\u00e2\u0301t \u00e2\u0301n t\u01b0\u01a1\u0323ng, nh\u01b0ng \u0111i\u00ea\u0300u nga\u0323c nhi\u00ean h\u01a1n la\u0300 \u00f4ng \u00e2\u0301y ch\u01b0a bao gi\u01a1\u0300 thua l\u00f4\u0303 trong b\u00e2\u0301t c\u01b0\u0301 n\u0103m na\u0300o.<\/b><\/h5>\n<p>Cho t\u1edbi khi \u00f4ng ngh\u1ec9 h\u01b0u tr\u00ean \u0111\u1ec9nh cao danh v\u1ecdng n\u0103m 2010, v\u1edbi t\u1ed5ng t\u00e0i s\u1ea3n qu\u1ea3n l\u00fd l\u00ean \u0111\u1ebfn 20 t\u1ef7 $, gi\u1edbi \u0111\u1ea7u t\u01b0 ph\u1ea3i th\u1ed1t l\u00ean kinh ng\u1ea1c v\u00ec Druckenmiller ch\u01b0a c\u00f3 n\u0103m n\u00e0o thua l\u1ed7.[\/vc_column_text]\t\t\t<div id=\"gallery_511\" class=\"woodmart-images-gallery  woodmart-spacing-10 gallery-spacing-10 columns-1 view-grid photoswipe-images\">\n\t\t\t\t<div class=\"gallery-images \">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"woodmart-gallery-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/VGG2TXWFVJHHXK7NJGLFFRX6F4.jpg\" data-index=\"1\" data-width=\"1200\" data-height=\"675\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img class=\"woodmart-gallery-image image-1 \" src=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/VGG2TXWFVJHHXK7NJGLFFRX6F4-1200x600.jpg\" width=\"1200\" height=\"600\" alt=\"VGG2TXWFVJHHXK7NJGLFFRX6F4\" title=\"VGG2TXWFVJHHXK7NJGLFFRX6F4\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t[vc_empty_space height=&#8221;25px&#8221;][vc_column_text]Cho t\u1edbi th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i, Druckenmiller d\u01b0\u1eddng nh\u01b0 v\u1eabn lu\u00f4n l\u00e0 m\u1ed9t t\u01b0\u1ee3ng \u0111\u00e0i n\u1ed5i b\u1eadt trong ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch &#8220;nhanh nh\u1ea1y&#8221; v\u00e0 \u0111\u01b0\u1ee3c nhi\u1ec1u nh\u00e0 giao d\u1ecbch xem l\u00e0 th\u1ea7n t\u01b0\u1ee3ng. Phong c\u00e1ch giao d\u1ecbch c\u1ee7a \u00f4ng \u0111\u00e3 g\u00e2y \u1ea3nh h\u01b0\u1edfng v\u1edbi nhi\u1ec1u giao d\u1ecbch c\u1ee7a th\u1ebf h\u1ec7 tr\u1ebb tr\u00ean ph\u1ed1 Wall. D\u01b0\u1eddng nh\u01b0 trong c\u00f4ng cu\u1ed9c \u0111\u1ea7u t\u01b0, \u00f4ng lu\u00f4n s\u1eed d\u1ee5ng m\u1ed9t phong c\u00e1ch giao d\u1ecbch t\u01b0\u01a1ng t\u1ef1 nh\u01b0 George Soros b\u1eb1ng c\u00e1ch gi\u1eef m\u1ed9t nh\u00f3m c\u1ed5 phi\u1ebfu d\u00e0i c\u00f3 tri\u1ec3n v\u1ecdng, \u0111\u1ea7u c\u01a1 l\u01b0\u1edbt s\u00f3ng m\u1ed9t nh\u00f3m c\u1ed5 phi\u1ebfu ng\u1eafn song song v\u00e0 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y cao \u0111\u1ec3 giao d\u1ecbch t\u01b0\u01a1ng lai v\u00e0 ti\u1ec1n t\u1ec7.<\/p>\n<p>C\u00e2u n\u00f3i quen thu\u1ed9c m\u00e0 Druckenmiller hay nh\u1eafc t\u1edbi l\u00e0: &#8220;Tr\u01b0\u1edbc h\u1ebft ph\u1ea3i s\u1ed1ng s\u00f3t \u0111\u00e3, r\u1ed3i sau \u0111\u00f3 m\u1edbi t\u00ednh \u0111\u1ebfn chuy\u1ec7n ki\u1ebfm ti\u1ec1n. Th\u1ea7y Soros c\u0169ng lu\u00f4n nh\u1eafc t\u00f4i r\u1eb1ng vi\u1ec7c t\u00f4i \u0111\u00fang hay sai kh\u00f4ng quan tr\u1ecdng m\u00e0 quan tr\u1ecdng l\u00e0 s\u1ed1 ti\u1ec1n t\u00f4i c\u00f3 \u0111\u01b0\u1ee3c khi t\u00f4i \u0111\u00fang, v\u00e0 s\u1ed1 ti\u1ec1n m\u1ea5t khi t\u00f4i sai&#8221;.[\/vc_column_text][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1497600165948{margin-bottom: 40px !important;}&#8221;][vc_column offset=&#8221;vc_col-md-6&#8243;]\t\t\t<div id=\"gallery_666\" class=\"woodmart-images-gallery  woodmart-spacing-0 gallery-spacing-0 columns-1 view-grid photoswipe-images\">\n\t\t\t\t<div class=\"gallery-images \">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"woodmart-gallery-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/DPuVzDSVwAAyHDb.jpg\" data-index=\"1\" data-width=\"1200\" data-height=\"603\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"700\" height=\"352\" src=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/DPuVzDSVwAAyHDb-700x352.jpg\" class=\"woodmart-gallery-image image-1 attachment-medium\" alt=\"\" loading=\"lazy\" srcset=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/DPuVzDSVwAAyHDb-700x352.jpg 700w, http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/DPuVzDSVwAAyHDb-768x386.jpg 768w, http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/DPuVzDSVwAAyHDb.jpg 1200w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t[\/vc_column][vc_column offset=&#8221;vc_col-md-6&#8243;][vc_column_text css=&#8221;.vc_custom_1539247913596{margin-bottom: 20px !important;}&#8221;]D\u01b0\u1edbi \u0111\u00e2y l\u00e0 3 b\u00ed k\u00edp \u0111\u00fac k\u1ebft t\u1eeb kinh nghi\u1ec7m c\u1ee7a b\u1eadc th\u1ea7y d\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1i ch\u00fang mong mu\u1ed1n th\u00e0nh c\u00f4ng (theo ph\u1ecfng v\u1ea5n c\u1ee7a Forbes M\u1ef9):<\/p>\n<h5><b>1. Linh ho\u1ea1t l\u00e0 d\u1ea5u hi\u1ec7u \u0111\u1ea7u ti\u00ean c\u1ee7a m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng<\/b><\/h5>\n<p>V\u00e0o ng\u00e0y tr\u01b0\u1edbc cu\u1ed9c s\u1ee5p \u0111\u1ed5 n\u0103m 1987, Druckenmiller \u0111\u00e3 chuy\u1ec3n t\u1eeb v\u1ecb th\u1ebf b\u00e1n sang mua v\u00ec \u00f4ng ngh\u0129 r\u1eb1ng, \u0111\u1ee3t b\u00e1n th\u00e1o \u0111\u00e3 k\u1ebft th\u00fac. \u00d4ng th\u1ea5y th\u1ecb tr\u01b0\u1eddng n\u1ea3y l\u00ean t\u1ea1i m\u1ee9c h\u1ed7 tr\u1ee3. Nh\u01b0ng su\u1ed1t ng\u00e0y h\u00f4m \u0111\u00f3, \u00f4ng nh\u1eadn ra, \u00f4ng \u0111\u00e3 ph\u1ea1m ph\u1ea3i sai l\u1ea7m kh\u1ee7ng khi\u1ebfp. Ng\u00e0y h\u00f4m sau, \u00f4ng \u0111\u1ea3o ng\u01b0\u1ee3c to\u00e0n b\u1ed9 v\u1ecb th\u1ebf v\u00e0 ki\u1ebfm \u0111\u01b0\u1ee3c b\u1ed9n ti\u1ec1n.<\/p>\n<p>T\u01b0 duy linh ho\u1ea1t l\u00e0 m\u1ea5u ch\u1ed1t c\u1ee7a m\u1ed9t nh\u00e0 giao d\u1ecbch th\u00e0nh c\u00f4ng. C\u00e2u n\u00f3i n\u1ed5i ti\u1ebfng c\u1ee7a \u00f4ng l\u00e0<\/p>\n<blockquote><p>&#8220;M\u1ed9t nh\u00e0 giao d\u1ecbch gi\u1ecfi \u0111\u00f3ng v\u1ecb th\u1ebf khi h\u1ecd tin r\u1eb1ng, h\u1ecd \u0111\u00e3 sai. Nh\u01b0ng m\u1ed9t nh\u00e0 giao d\u1ecbch v\u0129 \u0111\u1ea1i \u0111\u1ea3o ng\u01b0\u1ee3c v\u1ecb th\u1ebf khi h\u1ecd tin r\u1eb1ng h\u1ecd \u0111\u00e3 sai&#8221;.<\/p><\/blockquote>\n<p>Theo Druckenmiller, \u0111\u1ec3 tr\u1edf th\u00e0nh nh\u00e0 giao d\u1ecbch th\u00e0nh c\u00f4ng, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ph\u1ea3i tr\u1edf n\u00ean &#8220;qu\u1ea3 quy\u1ebft, t\u01b0 duy r\u1ed9ng m\u1edf, linh ho\u1ea1t v\u00e0 c\u1ea7u ti\u1ebfn&#8221;.[\/vc_column_text][\/vc_column][\/vc_row][vc_row content_placement=&#8221;top&#8221; css=&#8221;.vc_custom_1497600451819{margin-bottom: 20px !important;}&#8221;][vc_column offset=&#8221;vc_col-md-8&#8243;][vc_column_text]<\/p>\n<h5><b>2. \u0110i theo nguy\u00ean nh\u00e2n n\u1eb1m ph\u00eda sau s\u1ef1 d\u1ecbch chuy\u1ec3n gi\u00e1 c\u1ed5 phi\u1ebfu: t\u1eadp trung v\u00e0o d\u00f2ng ti\u1ec1n l\u1edbn do c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ho\u1eb7c ng\u00e2n h\u00e0ng nh\u00e0 n\u01b0\u1edbc t\u1ea1o ra<\/b><\/h5>\n<p>Trong cu\u1ed9c ph\u1ecfng v\u1ea5n v\u1edbi Forbes, khi \u0111\u01b0\u1ee3c h\u1ecfi r\u1eb1ng \u0111i\u1ec1u g\u00ec khi\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu chuy\u1ec3n \u0111\u1ed9ng, Druckenmiller \u0111\u00e3 n\u00eau l\u00ean quan \u0111i\u1ec3m c\u1ee7a \u00f4ng v\u1ec1 \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu &#8220;Khi t\u00f4i b\u1eaft \u0111\u1ea7u b\u01b0\u1edbc v\u00e0o ngh\u1ec1 giao d\u1ecbch t\u00e0i ch\u00ednh, t\u00f4i \u0111\u00e3 \u0111\u1ecdc r\u1ea5t nhi\u1ec1u cu\u1ed1n s\u00e1ch v\u00e0 nghi\u00ean c\u1ee9u v\u1ec1 c\u1ed5 phi\u1ebfu\u2026 Tuy nhi\u00ean, t\u00f4i th\u1ea5y ph\u1ea7n l\u1edbn th\u1eadt v\u00f4 \u00edch. M\u1ecdi ng\u01b0\u1eddi, cho \u0111\u1ebfn t\u1eadn ng\u00e0y nay, nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch v\u1eabn ch\u01b0a hi\u1ec3u l\u00fd do v\u00ec sao c\u1ed5 phi\u1ebfu t\u0103ng ho\u1eb7c gi\u1ea3m. Th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh \u0111\u1ea7y r\u1eaby nh\u1eefng th\u1ee9 h\u1ed7n t\u1ea1p v\u00e0 ng\u1edb ng\u1ea9n. M\u1ecdi ng\u01b0\u1eddi ngh\u0129 r\u1eb1ng \u0111\u00f3 l\u00e0 c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n, \u0111\u1ecbnh gi\u00e1 , l\u1ee3i nhu\u1eadn, nh\u01b0ng \u0111i\u1ec1u n\u00e0y l\u00e0 h\u1ebft s\u1ee9c sai l\u1ea7m. T\u00f4i cho r\u1eb1ng l\u1ee3i nhu\u1eadn kh\u00f4ng l\u00e0m gi\u00e1 c\u1ed5 phi\u1ebfu thay \u0111\u1ed5i, m\u00e0 \u0111\u00f3 ch\u00ednh l\u00e0 FED \u2026 H\u00e3y t\u1eadp trung v\u00e0o ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 quan s\u00e1t c\u00e1c \u0111\u1ed9ng th\u00e1i b\u01a1m ti\u1ec1n \u2013 h\u00fat ti\u1ec1n c\u1ee7a h\u1ecd. Ch\u00ednh thanh kho\u1ea3n m\u1edbi khi\u1ebfn th\u1ecb tr\u01b0\u1eddng chuy\u1ec3n \u0111\u1ed9ng&#8221;.<\/p>\n<p>Thanh kho\u1ea3n l\u00e0 s\u1ef1 t\u0103ng l\u00ean ho\u1eb7c thu h\u1eb9p c\u1ee7a ti\u1ec1n, \u0111\u1eb7c bi\u1ec7t l\u00e0 t\u00edn d\u1ee5ng. \u0110\u00e2y l\u00e0 bi\u1ebfn s\u1ed1 quan tr\u1ecdng nh\u1ea5t chi ph\u1ed1i n\u1ec1n kinh t\u1ebf v\u00e0 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh. FED l\u00e0 ng\u01b0\u1eddi cung c\u1ea5p thanh kho\u1ea3n l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi. V\u00ec th\u1ebf, ph\u1ea3i lu\u00f4n quan s\u00e1t k\u1ef9 \u0111\u1ed9ng th\u00e1i c\u1ee7a FED. \u0110i\u1ec1u n\u00e0y kh\u00f4ng c\u00f3 ngh\u0129a doanh s\u1ed1 hay l\u1ee3i nhu\u1eadn kh\u00f4ng c\u00f3 \u00fd ngh\u0129a g\u00ec. Ch\u00fang v\u1eabn r\u1ea5t quan tr\u1ecdng \u0111\u1ed1i v\u1edbi m\u1ed9t s\u1ed1 nh\u00f3m ng\u00e0nh.[\/vc_column_text][\/vc_column][vc_column offset=&#8221;vc_col-md-4&#8243;]\t\t\t<div id=\"gallery_830\" class=\"woodmart-images-gallery  woodmart-spacing-0 gallery-spacing-0 columns-1 view-grid photoswipe-images\">\n\t\t\t\t<div class=\"gallery-images \">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"woodmart-gallery-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/5Druckenmiller.jpg\" data-index=\"1\" data-width=\"2106\" data-height=\"2106\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img class=\"woodmart-gallery-image image-1 \" src=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/5Druckenmiller-600x590.jpg\" width=\"600\" height=\"590\" alt=\"Stanley Druckenmiller, Chairman of Harlem Children&#039;s Zone Promise Academy, attends the groundbreaking for the school&#039;s new campus, Wednesday, April 6, 2011 in New York. (AP Photo\/Mark Lennihan)\" title=\"Stanley Druckenmiller\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t[\/vc_column][\/vc_row][vc_row content_placement=&#8221;top&#8221;][vc_column offset=&#8221;vc_col-lg-4 vc_col-md-12&#8243;]\t\t\t<div id=\"gallery_513\" class=\"woodmart-images-gallery  woodmart-spacing-0 gallery-spacing-0 columns-1 view-grid photoswipe-images\">\n\t\t\t\t<div class=\"gallery-images \">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"woodmart-gallery-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/billionaire-fund-manager-its-ridiculous-that-i-could-get-a-2500-social-security-check.png\" data-index=\"1\" data-width=\"1165\" data-height=\"873\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"700\" height=\"525\" src=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/billionaire-fund-manager-its-ridiculous-that-i-could-get-a-2500-social-security-check-700x525.png\" class=\"woodmart-gallery-image image-1 attachment-medium\" alt=\"\" loading=\"lazy\" srcset=\"http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/billionaire-fund-manager-its-ridiculous-that-i-could-get-a-2500-social-security-check-700x525.png 700w, http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/billionaire-fund-manager-its-ridiculous-that-i-could-get-a-2500-social-security-check-768x576.png 768w, http:\/\/supplyhouse.vn\/wp-content\/uploads\/2017\/06\/billionaire-fund-manager-its-ridiculous-that-i-could-get-a-2500-social-security-check.png 1165w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t[\/vc_column][vc_column offset=&#8221;vc_col-lg-8 vc_col-md-12&#8243;][vc_column_text css=&#8221;.vc_custom_1539246195591{margin-bottom: 20px !important;}&#8221;]<b><i>\u00d4ng c\u0169ng cho r\u1eb1ng \u0111\u1ed1i v\u1edbi c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng, y\u1ebfu t\u1ed1 ch\u00ednh chi ph\u1ed1i gi\u00e1 l\u00e0 l\u1ee3i nhu\u1eadn. Nh\u01b0ng \u0111\u1ed1i v\u1edbi ng\u00e0nh c\u00f4ng nghi\u1ec7p, y\u1ebfu t\u1ed1 ch\u00ednh l\u00e0 kh\u1ea3 n\u0103ng s\u1ea3n xu\u1ea5t.<\/i><\/b>\u00a0Th\u1eddi \u0111i\u1ec3m t\u1ed1t nh\u1ea5t \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu ng\u00e0nh s\u1ea3n xu\u1ea5t l\u00e0 n\u00f3 c\u00f2n nhi\u1ec1u n\u0103ng l\u1ef1c s\u1ea3n xu\u1ea5t v\u00e0 c\u00f3 ch\u1ea5t x\u00fac t\u00e1c \u0111\u1ec3 tin r\u1eb1ng, nhu c\u1ea7u \u0111ang t\u0103ng l\u00ean.<\/p>\n<p>Ng\u01b0\u1ee3c l\u1ea1i, th\u1eddi \u0111i\u1ec3m t\u1ed1t \u0111\u1ec3 b\u00e1n c\u00e1c c\u1ed5 phi\u1ebfu n\u00e0y ch\u00ednh l\u00e0 khi c\u00f3 c\u00e1c th\u00f4ng b\u00e1o v\u1ec1 x\u00e2y d\u1ef1ng nh\u00e0 m\u00e1y m\u1edbi, v\u00e0 khi l\u1ee3i nhu\u1eadn s\u1ee5t gi\u1ea3m. L\u00fd do c\u01a1 b\u1ea3n l\u00e0, vi\u1ec7c x\u00e2y d\u1ef1ng nh\u00e0 m\u00e1y m\u1edbi th\u01b0\u1eddng khi\u1ebfn cho l\u1ee3i nhu\u1eadn suy gi\u1ea3m 2-3 n\u0103m t\u1edbi, v\u00e0 th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu s\u1ebd ph\u1ea3n \u1ee9ng v\u1edbi \u0111i\u1ec1u n\u00e0y.<\/p>\n<p>V\u1ed1n d\u0129 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh lu\u00f4n l\u00e0 l\u00e0 c\u1ed7 m\u00e1y chi\u1ebft kh\u1ea5u t\u01b0\u01a1ng lai. Nhi\u1ec1u ng\u01b0\u1eddi s\u1eed d\u1ee5ng l\u1ee3i nhu\u1eadn g\u1ea7n \u0111\u00e2y v\u00e0 ngo\u1ea1i suy cho t\u01b0\u01a1ng lai. Nh\u01b0ng m\u1ecdi ng\u01b0\u1eddi kh\u00f4ng hi\u1ec3u c\u01a1 ch\u1ebf t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn l\u1ee3i nhu\u1eadn t\u01b0\u01a1ng lai c\u1ee7a t\u1eebng ng\u00e0nh c\u1ee5 th\u1ec3.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1539247962164{margin-bottom: 0px !important;}&#8221;]<\/p>\n<h5><b>3. Ki\u1ec3m so\u00e1t t\u1ed1t t\u00e2m l\u00fd v\u00e0 \u0111\u1ec1 cao ph\u00f2ng ng\u1eeba r\u1ee7i ro khi ti\u1ebfn h\u00e0nh giao d\u1ecbch<\/b><\/h5>\n<p>\u0110\u1eebng \u0111\u1ec3 cho c\u00e1c kho\u1ea3n l\u1ed7 l\u00e0m \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u00e2m l\u00fd c\u1ee7a ch\u00ednh b\u1ea3n th\u00e2n m\u1ed7i N\u0110T. N\u1ebfu ta c\u1ef1c k\u1ef3 t\u1ef1 tin v\u00e0o ki\u1ebfn th\u1ee9c, c\u00e1c kho\u1ea3n l\u1ed7 ch\u1eb3ng th\u1ec3 n\u00e0o \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c. Druckenmiller cho hay h\u1ecdc h\u1ecfi \u0111i\u1ec1u \u0111\u00f3 t\u1eeb George Soros. \u00d4ng \u1ea5y coi nh\u1eb9 thua l\u1ed7. Khi c\u00f3 m\u1ed9t giao d\u1ecbch kh\u00f4ng th\u00e0nh c\u00f4ng, th\u1ea7y c\u1ee7a t\u00f4i s\u1ebd \u0111\u00f3ng v\u1ecb th\u1ebf nhanh ch\u00f3ng v\u00ec \u00f4ng tin r\u1eb1ng, \u00f4ng c\u00f3 th\u1ec3 nhanh ch\u00f3ng ki\u1ebfm l\u1ea1i ti\u1ec1n \u1edf giao d\u1ecbch kh\u00e1c.<\/p>\n<p>M\u1ed9t trong nh\u1eefng ph\u1ea7n kh\u00f3 kh\u0103n nh\u1ea5t c\u1ee7a giao d\u1ecbch t\u00e0i ch\u00ednh l\u00e0 ph\u1ea3i b\u1ea3o v\u1ec7 v\u1ed1n. Sinh t\u1ed3n l\u00e0 \u0111i\u1ec1u quan tr\u1ecdng. N\u00ean nh\u1edb, \u0110\u1ebf ch\u1ebf La M\u00e3 kh\u00f4ng \u0111\u01b0\u1ee3c t\u1ea1o d\u1ef1ng trong m\u1ed9t ng\u00e0y nh\u01b0ng Hiroshima c\u00f3 th\u1ec3 ph\u00e1 h\u1ee7y t\u1ea5t c\u1ea3 trong ch\u1ec9 m\u1ed9t ng\u00e0y m\u00e0 th\u00f4i.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<div id=\"eJOY__extension_root\" style=\"all: unset;\"><\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Trong su\u1ed1t h\u01a1n 30 n\u0103m h\u00e0nh ngh\u1ec1 giao d\u1ecbch t\u00e0i ch\u00ednh, Druckenmiller \u0111\u1ea1t t\u1ef7 su\u1ea5t sinh l\u1eddi \u1ea5n t\u01b0\u1ee3ng<\/p>\n","protected":false},"author":1,"featured_media":4609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[168],"tags":[],"_links":{"self":[{"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/posts\/2952"}],"collection":[{"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/comments?post=2952"}],"version-history":[{"count":4,"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/posts\/2952\/revisions"}],"predecessor-version":[{"id":4620,"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/posts\/2952\/revisions\/4620"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/media\/4609"}],"wp:attachment":[{"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/media?parent=2952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/categories?post=2952"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/supplyhouse.vn\/en\/wp-json\/wp\/v2\/tags?post=2952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}