Rebirth of the Financial Overlord

Chapter 316 The Effect of Interest Rate Difference

When Hong Kong was panting under the high temperature of nearly 35 degrees, the country called Finland in the north of the earth was called by the white night, and ushered in a cool midsummer with an average temperature of less than 20 degrees and various carnivals.

Because winter is always long and cold, people here are always full of enthusiasm for the short summer. Most Finns spend Midsummer with family or friends in holiday cottages away from the city. Those who stay in the city will Gather at the party.

Some go to music festivals, which include everything from jazz, blues, rock, opera to chamber music; Read the newspaper, lie on the deck chair on the beach, enjoy the sea breeze, bask in the sun, and read the newspaper while drinking beer.

For Finns, life should always be enjoyed in moderation, and that is called life.

However, these are past tense.

With the decline of the securities market, the decline of the real estate market and the reduction of export trade, hundreds of thousands of people suddenly lost their jobs, making it difficult for many people to enjoy the comfort and enthusiasm brought by summer.

There is no way, although the world is very big, but if you want to see it, you will have more than enough desire but not enough energy.

Helsinki, Manne hi mother road.

Mika Hakkinen bought some newspapers from the Post and Telegraph kiosk and read them as he walked.

He is a technical worker at the Seula Paper Mill, but the paper produced in the factory is mainly exported to the Soviet Union. With the drastic changes in the Soviet market, the business in the factory has been greatly reduced in recent years. Under the deteriorating operating conditions, The boss had no choice but to reduce expenditure and choose layoffs to avoid bankruptcy of the company.

Unfortunately, Mika Hakkinen was one of the employees who were made redundant.

He has a daughter and a son to support, and suddenly lost his source of income. Although he still has some savings, he has to hurry up and find a new job.

It’s just that Mika Hakkinen’s process of finding a job was not smooth. His technology was learned in paper mills, and the paper industry in the entire country was severely impacted by the deterioration of the Soviet market. Many factories had a large backlog of products. There was even bankruptcy. Coupled with the continuous downturn of the securities market and the desolation and deterioration of the real estate market, Mika Hakkinen failed to find a suitable job for a month in a row.

Nibbling on the bread in his hand, Mika Hakkinen found a bench by the side of the road and sat down. He had already made up his mind that no matter what kind of work he had, even if it was abroad, he had to go to work first. . Otherwise, the deposits I saved before will probably be exhausted soon.

Morning News is one of the largest media newspapers in Finland. In addition to Finnish economic current affairs and hot news, it often publishes some recruitment information behind it.

After eating the bread in his hand, Mika Hakkinen habitually turned the newspaper to the end, looking for the recruitment information in it.

Recruit chefs, classrooms, administrative staff. Truck drivers

Holding a pen, Mika Hakkinen looked back and forth on the recruitment information one by one to find a suitable job for him. But unfortunately, after reading it from beginning to end, he couldn't find a job that suits him.

A little irritated, he turned the newspaper upside down, and Mika Hakkinen felt even more irritated immediately.

A very familiar cover character occupies one-fifth of the newspaper's space.

Governor of the Bank of Finland, Anning.

Pictured message: The central bank decided to lower the benchmark interest rate by a few tenths of a percent starting from June 20.

It's all financial and data news.

The Department of Statistics indicated that in the second quarter, the national unemployment rate increased by 5 percent to 15 percent.

The GDP growth rate fell by 6.8%, a year-on-year decrease of 2%.

Economist Ge Ning said that the securities market is related to the healthy development of enterprises and has an important impact on economic development. According to the current domestic economic environment, it is hoped that the central bank can intervene in the market and stabilize the stock market that continues to decline in turn.

It was all bad news, and Mika Hakkinen was in no mood to read it anymore, especially the central bank's decision to cut interest rates.

The lowering of the benchmark interest rate by the bank means that the income of the money stored in the bank will be reduced by 0.5%. Now that the job income has been cut off, the bank interest is getting less and less, which is simply terrible.

These bloody incompetent bastards!

Mika Hakkinen was upset and couldn't help cursing angrily, but he didn't even know whether he was scolding himself for his incompetence or Ge Ning's bastard.

ring ring ring——

A burst of rapid phone ringing suddenly came, and it was the phone that Mika Hakkinen was carrying with him. He threw the newspaper aside, frowning, and pressed the call button.

Mika. It's me, Davis.

Jari Kovalainen, like Mika Hakkinen, used to work at the Seula Paper Mill, but he was fired a year ago and had no choice but to seek more opportunities in Western Europe. They are all skilled workers, and they have a pretty good relationship in the factory, and occasionally contact them by phone.

Oh. Davis, long time no see. Why did you remember calling me?

Long time no see, I miss the days when we worked together. Mika, how are you doing now?

It's just terrible and I'm now also out of work and looking for work.

Sorry. This is really sad news.

How are you doing in Germany?

Not bad. I came to you this time to tell you about an opportunity to make money. Did you know that not long ago, the German central bank raised the deposit rate by 0.8% at one time, and the annualized return can reach 100% Sixth. I think we can take the money to a bank in Germany and deposit it.

What? Six percent annualized income? Really?

Of course it is true. I deposited all my money in Deutsche Bank last week, Mika, you should act quickly, this is really a good opportunity.

.

Soon, the two chatted for a while and hung up the phone.

With a look of excitement on his face, Mika Hakkinen made up his mind.

Deutsche Bank is the largest commercial bank in Germany, and there is definitely no risk in depositing money in it.

The Finnish mark is pegged to the ecu, and the exchange rate with the German mark has not fluctuated much. Compared with Finland, which currently only has an annualized return of 1.5%, depositing 300,000 in Deutsche Bank can earn an additional 4% per year The income of 1.5 is more than 13,000.

That's a lot of money, and there's no risk involved.

Without further hesitation, Mika Hakkinen threw the newspaper into the trash can and walked towards the Bank of Finland with big strides.

There has never been a real secret in the world. When a message is conveyed to another person's ear, it will soon be conveyed to another person's ear.

click, click, click

Goldman Investment Management Ltd., London, UK.

Amidst the constant clicking of the fax machine, one document after another was printed out with ink.

Not long after, a tall, blond, middle-aged woman collected the printed documents and rang the office of the general manager of the company.

In the office, Qina Kanowski was holding the phone in her hand, and she was shaking with laughter. As the assistant put the documents on the table, she clamped the phone around her neck, grabbed the documents and glanced at them.

A line of enlarged fonts is neatly arranged at the top of the document, with the title: Beware of the Devaluation Crisis of the Finnish Mark.

Author: Shen Jiannan.

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