Chapter 304: Emerging Crisis
A woman who is moved is the easiest to be emotional.
The moment Shen Jiannan used her body to block Song Xiaodan behind her, she felt like her heart was going to be scalded.
As soon as he reached the hotel room, Song Xiaodan didn't bother to count the trophies piled up in the living room, and pushed Shen Jiannan down on the sofa. Like an attacking cat, he knelt on the sofa and kissed him.
Youlan's breath came, Shen Jiannan stopped Song Xiaodan's thigh, comforted and responded, he knew that Song Xiaodan must be terrified when encountering such a thing.
After a long time, the two separated.
Looking at the face so close at hand, Song Xiaodan's starry eyes were full of infatuation and affection.
"Jiannan. Why are you so stupid? They have guns in their hands. If something happens to you, how will I survive?"
"Fool. With me here, how could something happen."
"I don't care. Don't do such stupid things in the future. If you die, I won't live anymore."
Snapped--
Shen Jiannan raised his eyebrows, pulled out a hand and slapped Song Xiaodan hard on the buttocks.
"Don't talk nonsense. You're dead, you're dead. Only by living can you do more meaningful things. It's so easy to die for a scourge like me."
I don't know if Shen Jiannan used too much strength, Song Xiaodan's starry eyes flickered with water mist.
It's like weeping like weeping, which makes me feel pitiful.
But she was still unconvinced, hooked Shen Jiannan's neck, and pressed her cherry lips together again.
After a long time, her breath was a little confused, and she put Shen Jiannan's hand on her body.
"Jiannan, you want me."
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frankfurt, Germany.
Helmut Schlesinger caressed his head, frowning and thinking while looking at the economic data handed over by his subordinates on the table.
Since the division of the country in 1949, the east has less than half the territory of the west and only one-third the population. The five states it controls are also traditional agricultural states in Germany, with a weak industrial base, and Silesia, the main industrial area, was also ceded to Poland.
To make matters worse, in order to compensate for war reparations, the industrial infrastructure in the east, which was not complete, was almost completely dismantled by the Soviet Union. The continuous outflow of young and middle-aged laborers, skilled workers and intellectuals has also deteriorated the living conditions in the east. Natural resources in the east are much scarcer than in the west.
Under the pressure of the Soviet Union, they did not accept the "Marshall Plan" and continued to implement a planned economy, which caused a huge gap between the east and the west in post-war reconstruction.
After the reunification of the country, the currencies of the two sides were exchanged at the same value, which caused serious economic deviations, and the inflation rate continued to rise. If this continues, the newly merged country may fall into political crisis again.
This is never allowed.
As the head of the central bank, Helmut Schlesinger is very clear that the inflation rate must be suppressed in order to compress the crisis within a controllable range.
bang bang bang—
There was a knock on the door suddenly, and in response to Helmut Schlesinger's response, Engels, his assistant, walked in meticulously.
The 30-year-old Engels has a traditional German rigorous character, and has in-depth research on the economy, which Helmut Schlesinger admires. Therefore, Helmut Schlesinger promoted him to be the head of the department as soon as he became the governor of the central bank last year.
"Engels, what's the matter?"
"London called just now, hoping that we can take into account the agreement of the alliance and hold off on raising interest rates."
Schlesinger became angry when he heard it. Since World War II, the first responsibility of the central bank is to control the inflation rate, prevent the people from inflating their wealth, and form populism. Nowadays, the integration of regional economic deviations makes it urgent to raise interest rates. How can it be delayed? .
"How did you answer them?"
"I said it still needs you to make a decision."
"Tell them it's impossible. We must control inflation now, or the country may split again. And the Fed has raised interest rates a few days ago. If we want to maintain Mark's position, we must raise interest rates and notify various departments. Director, we need a meeting now."
"Yes, sir."
2:30 p.m., Berlin, Deutsche Börse.
"BayWa, sell 2,000 shares."
ring ring ring——
"LEG Immobilien AG, sell 3000 shares."
"Aareal Bank, buy 10,000 shares."
ring ring ring——
"Ceconomy, buy 6,000 shares."
"."
The noisy stock exchange looks like a huge vegetable market. While small notes are flying, the phone rings and traders shout, making it look like a financial center at all.
Countless traders in vests were making gestures that only their own people could understand, and some traders quickly tapped the keyboard in their hands after receiving a call.
It was a mess and looked disorganized. If one hadn't seen it with one's own eyes, no one would believe it. It was this kind of mess, where hundreds of millions of Marks were trading every minute.
Suddenly, GDAXI, which was rising on the big screen, paused and dropped rapidly at a speed visible to the naked eye. The numbers on the screen changed from green to red, flickering at a speed that the naked eye could not see clearly.
1780.39, 1778.471776.381770.22
In less than five minutes, amidst the dense red numbers, GDAXI was hit hard, like a waterfall, and fell by more than 1% in a short time.
Seeing the shrinking wealth, many people around immediately began to curse.
"Damn it. Why did you dive into the water?"
"Is there any news?"
"."
"Damn it, Ceconomy, stop the loss of 5,000 shares first."
"."
At the same time, in Frankfurt's financial district, a building with more than 20 floors.
Jimmy Nutter, Capital One (Germany) Investment Management Company, looked at the GDAXI that suddenly dived on the monitor, and slapped the table vigorously in excitement.
Half a month ago, he came to Germany on the order of William, the chief investment officer of the company's European region, and established a short position of 3 million marks in GDAXI, but who knew, he was trapped as soon as he entered the short position.
GDAXI is like a bull, rushing upwards crazily. In just half a month, GDAXI rose from 1670 to 1720, and the company's book showed a loss of up to 1.3 million marks.
Loss is a huge torment.
Judging from the trend of the German stock market in the past year, it is an obvious bullish trend, that is, a bull market. He has been engaged in securities investment for several years, and Jimmy Nutter knows how much risk he will bear when shorting against the trend.
Because the trend is like a fired bullet, if you intercept it before it hits the ground, there is a 99% probability that you will be killed by the bullet.
Faced with the continuous rise of GDAXI every day, Jimmy Nutter has scolded William an idiot countless times for letting himself open a short position in a market that is clearly a bull market.
Unexpectedly, after he reported back his suggestion of stop loss, William actually asked him to continue to increase his position.
It is the iron law of the speculative market to not increase the position if you lose money. It is an idiot to increase the position on a position that you know is wrong.
Raised and questioned.
But the official rank crushes people to death.
Jimmy Nutter had to increase his position to ten million marks.
As a result, the market seemed to go crazy, rising from 1720 to 1780 points, an increase of nearly 4%, causing the company's accumulated losses in the account to reach 4 million marks.
Jimmy Nutter is ready to be thrown out by William. That guy has a good relationship with the boss. When the company's book assets are all lost, he will definitely be taken out.
Who knows, there will be another village in the shade of willows and flowers.
The imposing GDAXI actually fell by 20 points.
1760.33, the dazzling blood red, let Jimmy Nate see hope, a huge swallowing line, swallowing the positive line of the previous trading day.
1759.381758.33
Why did it suddenly plummet?
Jimmy Nutter had no time to think about it, the market is always right, since the market fell, it made sense.
Without further hesitation, professional experience made Jimmy Nutter make a decision.
Continue to add space.
"Hey. Guys, show me how fast you are jerking off, and keep adding to my position."
clap clap -
The four traders moved immediately, and their young hands quickly responded to the market in terms of their physical functions.
1758.21, sold, 30
1758.21, sold, 30
1756.21, sold, 30
1753.21, sold, 30
Under Jimmy Nutter's order, 300 contracts were sold out, and GDAXI has dropped to 1750 points. With dozens of points down covered, the total loss on the company's account has dropped to 2 million marks.
At 6 p.m., the Bundesbank issued an announcement.
Since June 10, 1992, the deposit and loan benchmark interest rate has been raised by 0.8 percent.
The Bundesbank stated that this move is to strengthen the liquidity management of the banking system, guide the reasonable growth of money, credit and investment, maintain the basic stability of the price level, and curb inflation and market speculation.
Everything is reasonable.
Interest rate is the main factor that determines the liquidity of currency. Under the factor of interest rate, the capital flowing in the market will enter the bank to seek stable income.
The benchmark interest rate of the German central bank has been maintained at 4.8 before, and it has been increased by 0.8% at one time. The implemented interest rate is 5.6%, and the annualized interest rate is 6%. For investors Said, is very attractive.
There is no risk, and it can resist inflation. Capital is in pursuit of profit, but risks must also be taken into account. Since there are stable returns, liquidity and hot money in the market will inevitably flow into banks to seek stable returns.
The only reason that determines the rise of securities is the purchase of funds. As the circulation of marks in the market decreases, the stock price will naturally fall.
If global wealth is compared to water flow, then national barriers are like puddles. Wherever there is a pit, whoever will flow there.
Finland, Helsinki.
In the central bank governor's office, An Ning felt a headache after hearing the reports from his subordinates.
Affected by the real estate slump and the sluggish export industry, the domestic securities market also continued to decline. In order to stabilize the economy, Finland continuously lowered interest rates to stimulate inflation.
The interest rate has been implemented at 1.5%.
But in Germany, the deposit rate has been at 4.8. Many people have brought their money to Germany to save money, causing a serious loss of domestic capital.
The Finnish mark, on the other hand, implements a pegged exchange rate system. Although it is apparently pegged to the European Community currency, the ECU, the core currency of the ECU is the Deutsche Mark.
With the German central bank raising interest rates, it is conceivable that domestic capital inflows will intensify if interest rates are not raised.
Rate hike, or rate cut?
Crisis, with a keen sense of smell, An Ning smelled the taste of crisis.
But he has nothing to do. It is the nature of capital to pursue profits. This nature is like a gene, which cannot be forcibly changed by manpower.
"President. What should we do now."
"Wait and see for now. We need to bide our time."
"But if the capital outflow situation worsens, we have the risk of depreciation."
"I know. But the Germans don't care about our lives. However, Britain and Italy must be very dissatisfied with Germany's interest rate hike. I hope they can stop Germany from raising interest rates. We still have a chance."
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