Vol 4 Chapter 16: The impact of spreads ()

When Hong Kong was breathing under the high temperature of nearly 35 degrees, the country called Finland in the north of the earth, under the call of the white night, ushered in a cool midsummer with an average temperature of less than 20 degrees and various revelries.
Because winter is always long and cold, people here are always enthusiastic about the short summer. Most Finns spend midsummer in holiday cottages far from the city with family or friends. Those who stay in the city will Gather at the party.
Some people go to music festivals. The types of music festivals range from jazz, blues, rock, opera to chamber music. Some people like to sail between coastal islands or enjoy a slow life in summer cabins. Reading the newspaper, lying on a lounger on the beach, blowing the sea breeze, basking in the sun, and reading the newspaper while drinking beer.
For Finns, life must be enjoyed in moderation, and that is life.
But these are all past tense.
With the downturn of the securities market, the downturn of the real estate market and the shrinking of export trade, hundreds of thousands of people suddenly lost their jobs, making it difficult for many people to enjoy the comfort and enthusiasm that summer brings.
No way, although the world is big, but the wallet is dry, and if you want to see it, you will have more than enough energy.
Helsinki, Mannehi mother road.
Mika Hakkinen bought a few newspapers from the Post and Telecommunications Newsstand and read them as they walked.
He is a technician in Saiola 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 drastically reduced in recent years, and the business situation continues to deteriorate. The boss had to increase revenue and reduce expenditure and chose to lay off employees to avoid corporate bankruptcy.
Unfortunately, Mika Hakkinen became one of the laid-off employees.
He has a daughter and a son to raise, and suddenly lost his financial resources. Although he still has some savings, he has to hurry up to find a new job.
It’s just that the process of Mika Hakkinen’s job search was not smooth. His skills were all learned in the paper mill, and the entire country’s paper industry was severely impacted by the deterioration of the Soviet market, and many factories had a large backlog. There was even bankruptcy. Coupled with the continued downturn in the securities market and the desertedness and deterioration of the real estate market, Mika Hakkinen failed to find a suitable job for a month.
Nibbing at the bread in his hand, Mika Hakkinen found a bench by the roadside and sat down. He had already made plans. No matter what kind of work, even if it is abroad, he must go to work first. . Otherwise, I will sit down and eat, and the savings I have saved before will probably be exhausted soon.
"Morning News" is one of Finland's largest media newspapers. In addition to Finnish economics, current affairs and hot news, it also often publishes some recruitment information.
After eating the bread in his hand, Mika Hakkinen habitually flipped the newspaper to the end, looking for employment information.
Hiring chefs, classrooms, administrative staff...truck drivers...
With a pen in hand, Mika Hakkinen searched for the job that suits him one by one. Unfortunately, after reading it from start to finish, he didn't find a job that suits him.
Some irritability turned the newspaper upside down, and Mika Hakkinen suddenly felt even more irritable.
A familiar cover character occupies one-fifth of the newspaper.
President of the Bank of Finland, An Ning.
Picture news: The central bank has decided to lower the benchmark interest rate by 0.5% starting from June 20.
It's all financial and data news.
According to the Ministry of Statistics, in the second quarter, the national unemployment rate increased by 5% to 15%.
The growth rate of gDP dropped 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 to stabilize the stock market that continues to fall.
It's all bad news, and Mika Hakkinen is no longer in the mood to read it anymore, especially the central bank's decision to lower interest rates.
The bank cuts the benchmark interest rate, which means that there is money in the bank, and the income will be reduced by 0.5%. Now that the income of the job has been cut off, the bank interest is still getting less and less, which is simply terrible.
"These incompetent bastards!"
Mika Hakkinen was irritated and couldn't help but cursed angrily, but he didn't even know whether he was cursing his incompetence or he was cursing Ge Ning's bastard.
Bell Bell Bell
There was a sudden ringing of the phone. It was the phone that Mika Hakkinen was carrying with him. He threw the newspaper aside. He frowned and pressed the call button.
"Mika. It's me, Davis."
Jari Kovalainen, like Mika Hakkinen, used to work at the Saiula Paper Mill, but was fired a year ago and was helpless to seek more opportunities in Western Europe. They are all technicians, and the relationship in the factory is pretty good, and occasionally they call on the phone.
"Oh. Davis, long time no see. Why did you think of calling me."
"Long time no see, miss the days we worked together. Mika, how are you doing well now."
"It's terrible. I am now unemployed and looking for a job."
"Sorry. This is really unfortunate news."
"Are you okay in Germany?"
"Not bad. I came to you this time just to tell you a chance to make money. Did you know that not long ago, the Bundesbank raised the deposit interest rate by 0.8% at one time, and the annualized return can reach 100%? Six o'clock. I think we can take the money to a German bank and deposit it."
"What? An annualized profit of 6 percent? Really?"
"Of course it is true. I have deposited all my money in Deutsche Bank, Mika, and you should act quickly. This is really a good opportunity."
"..."
Soon, the two chatted for a while and hung up.
With excitement on Mika Hakkinen's face, he made up his mind.
Deutsche Bank is the largest commercial bank in Germany. There is definitely no risk in depositing money.
The Finnish mark is linked to the Ecu, and the exchange rate with the Deutsche mark has not fluctuated much. Compared with Finland's current annualized income of only 1.5%, depositing 300,000 to Deutsche Bank can increase by 4% every year. The point five gain is more than 13,000.
This is a lot of money, and there is no risk.
Without hesitation, Mika Hakkinen threw the newspaper into the trash can, and strode towards the Bank of Finland.
There has never been a real secret in the world ~EbookFREE.me~ When a message is conveyed to another person's ears, it will soon be conveyed to another person's ears.
Click, click, click...
Geman Investment Management Co., Ltd., London, UK.
With the constant clicking sound of the fax machine, one document after another was printed out by ink.
Soon, a tall, blond middle-aged woman collected the printed documents and knocked on the company's general manager's office.
In the office, Gina Kanowski was holding the phone in her hand, and her whole smile trembled. As the assistant put the documents on the table, she clamped the phone around her neck and took a look at the documents.
A line of enlarged font is neatly arranged at the top of the document, and the title is: Beware of the devaluation crisis of the Finnish Mark.
Author: Chen Jiannan.