Chapter 4 The Beginning of the Crisis

A woman who is moved is the most emotional.

At the moment when Shen Jiannan used her body to block Song Xiaodan behind her, she felt that her heart was about to be burned.

As soon as he walked to the hotel room, Song Xiaodan didn't bother to count the loot piled up in the living room, and pushed Shen Jiannan down on the sofa, like an attacking cat, knelt on the sofa and kissed him.

Youlan's breath came in, Shen Jiannan stopped Song Xiaodan's thigh, comforting and responding, he knew that Song Xiaodan must have been frightened when he encountered this kind of thing.

After a long time, the two separated.

Looking at the face that was close at hand, Song Xiaodan's starry eyes were full of affection.

"Jiannan. Why are you so stupid, they have guns in their hands. If something happens to you, how can I survive? ”

"Fool. With me, how could something happen? ”

"I don't care. Don't do such stupid things in the future, if you die, I won't live. ”

Smack-

Shen Jiannan raised his eyebrows, took out a hand and slapped Song Xiaodan on the buttocks.

"Don't talk nonsense. What a death, a death. Only by living can we do more meaningful things, where is it so easy to die as a scourge like me. ”

I don't know if Shen Jiannan used too much force, Song Xiaodan's starry eyes suddenly flashed with a little mist.

It's like crying, which makes me feel pity.

But she was still unconvinced, hooked Shen Jiannan's neck, and put her lips on her lips again.

For a long time, her aura was a little chaotic, and she took one of Shen Jiannan's hands and put it on herself.

"Jiannan, you want me. ”

“......”

Frankfurt, Germany.

Helmut Schlesinger stroked his head, frowned and pondered as he looked at the economic data handed by his subordinates on the table.

Since the break-up of the country in 1949, the East has less than half the size of the East and a third of its population. The five states it controlled were also traditionally agricultural states in Germany, with a weak industrial base, and the main industrial region of Silesia was ceded to Poland.

To add insult to injury, the Soviet Union dismantled almost all of the already incomplete industrial infrastructure in the east in order to compensate for the war reparations. The constant exodus of young and middle-aged laborers, skilled workers and intellectuals has also worsened the living conditions in the east. Natural resources are much scarcer in the east than in the west.

Under pressure from the Soviet Union, the "Marshall Plan" was not accepted and the planned economy was implemented, which opened a huge gap between the east and the west in post-war reconstruction.

With the reunification of the country, the currencies of the two sides were exchanged at equal value, causing serious economic deviations, and the inflation rate has continued to rise, and if this continues, I am afraid that the merged country will fall into a political crisis again.

This is in no way allowed.

As central banker, Helmut Schlesinger is well aware that inflation must be curbed in order to keep the crisis under control.

Bang bang bang –

There was a knock on the door, and in response to Helmut Schlesinger, his assistant Engels walked in meticulously.

The 30-year-old Engels had the traditional rigor of the German character and had an in-depth study of the economy, which was deeply appreciated by Helmut Schlesinger, so as soon as he took up the post of central bank governor last year, Helmut Schlesinger promoted him to head of department.

"Engels, what's the matter. ”

"London just called, hoping that we can take into account the alliance's agreement and postpone the rate hike. ”

Schlesinger was on fire as soon as he heard it, since World War II, the central bank's first responsibility is to control the inflation rate, prevent the people from inflating their wealth, and form populism.

"What do you do to them. ”

"I said it's up to you to make a decision. ”

"Tell them that it can't be. We must bring inflation under control now, or the country could be divided again. And the Fed has already raised interest rates the other day, and if we want to maintain the position of the mark, we have to raise the interest rate, to inform the heads of various departments, and we need to meet now. ”

"Yes, sir. ”

2:30 p.m., Berlin, Deutsche Bse.

"BayWa, sell 2,000 shares. ”

Bell Bell Bell –

"LEGImmobilien AG, sell 3,000 shares. ”

"AarealBank, buy 10,000 shares. ”

Bell Bell Bell –

"Ceconomy, buy 6,000 shares. ”

“......”

The noisy stock exchange, like a huge wet market, is not at all like a financial center with small notes fluttering and the ringing of telephones and shouts of traders.

Countless traders in vests are making gestures that only their own people can understand, and there are also traders who are quickly tapping on the keyboard in their hands after receiving a call.

It's a mess, it looks disorganized, and if you don't see it with your own eyes, no one will believe it, it's this mess where hundreds of millions of calculated marks are buying and selling every minute.

Suddenly, the rising GDAXI on the big screen suddenly descended at a speed that could be seen by the naked eye, and the numbers on the screen turned green to red, flickering rapidly at a speed that could not be seen by the naked eye.

1780.39、1778.47.....1776.38......1770.22......

In less than five minutes, in the dense red numbers, GDAXI was hit hard, like a waterfall, and it fell by more than one percent in a short time.

Seeing the shrinkage of wealth, many people on the periphery immediately scolded.

"Damn. How did you dive. ”

"Is there any news. ”

“......”

"Damn, Ceconomy, stop five thousand shares first. ”

“......”

At the same time, Frankfurt's financial district, a building of more than twenty floors.

Capital One Investment Management, Jimmy Nutter, looked at the GDAXI on the monitor and slapped the table excitedly.

Half a month ago, he came to Germany at the behest of William, the company's chief investment director in Europe, and established a short position of three million marks in GDAXI, but who knows, as soon as he entered it, he was trapped.

GDAXI is like a bull, crazy upward impact, in just half a month, GDAXI rose from 1670 to 1720, and the company has a loss of up to 1.3 million marks on its books.

Losing money is a huge torment.

Judging from the trend of the German stock market in the past year, it is a clear bullish trend, that is, a bull market, and has been engaged in securities investment for several years, and Jimmy Nutter knows how much risk it can take to go short against the trend.

Because the trend is like a bullet that shoots out, if you rush to intercept it before it hits the ground, there is a 99% probability that it will be killed by a bullet.

Faced with the continuous rise of GDAXI every day, Jimmy Nutter does not know how many times he scolded William for being an idiot and allowing himself to open a short position in a market that is clearly bullish.

Who knows, after he returned his advice to stop loss, William actually let him continue to increase his position.

Not adding to a loss is an iron law of the speculative market, and adding to a position that you know is wrong is simply idiotic.

Roared, questioned.

But... The official level crushed people to death.

Jimmy Nutter had to increase the size of his position to 10 million marks.

As a result, the market went crazy, rising from 1720 to 1780 points, an increase of almost four percent, bringing the accumulated losses on the company's account to four million marks.

Jimmy Nat is ready to be thrown out by William, that guy has a good relationship with the boss, and when the company's book assets are all lost, he will definitely be taken out of the top tank.

Who knows, the willows and flowers are bright and another village.

The imposing GDAXI actually fell, and it was twenty points in one fall.

1760.33, the piercing blood red, gave Jimmy Nat hope, a huge swallow line, swallowed the previous trading day's white line.

1759.38.....1758.33......

Why the sudden plunge?

Jimmy Nutter didn't have time to think that the market was always right, and since the market was down, it made sense.

Without further hesitation, the professional experience made the decision for Jimmy Nutter.

Continue to add space.

"Hi. Guys, take out the speed of your jerking off and keep adding to my position. ”

Bang Bang Bang –

The four traders immediately moved, and the young hand speed, in their physical functions, quickly reacted to the market.

1758.21, sell, 30

1758.21, sell, 30

1756.21, sell, 30

1753.21, sell, 30

......

At the behest of Jimmy Nut, 300 contracts were sold out, and GDAXI had fallen to 1750 points, and with a drop of several dozen points, the total loss on the company's account fell to two million marks.

At six o'clock in the afternoon, the Bundesbank made an announcement.

Since June 10, 1992, the benchmark interest rate for deposits and loans has been raised by 0.8 percent.

According to the German Central Bank, the move is to strengthen the liquidity management of the banking system, guide the reasonable growth of money, credit and investment, keep the price level basically stable, and curb inflation and market speculation.

Everything makes sense.

Interest rate is the main factor that determines the liquidity of money, and under the interest rate factor, the capital flowing in the market will enter the bank to seek stable income.

The Bundesbank's benchmark interest rate has been maintained at 4.8 percent before, and it has been raised by 0.8 percent at one time, and the implemented interest rate is 5.6 percent, with an annualized interest rate of 6 percent, which is very attractive for investors.

There is no risk, but also can resist inflation, capital is the pursuit of profits, but also to take care of risks, since there is a stable income, the liquidity and hot money in the market, will inevitably flow into the bank to seek stable income.

The only reason that determines the rise of securities is the purchase of funds, and the circulation of marks in the market is reduced, and the stock price will naturally fall.

If global wealth is compared to the flow of water, then national barriers are like puddles, where there are pitfalls, who will flow.

Helsinki, Finland.

In the office of the governor of the Central Bank, An Ning listened to the return of his subordinates and felt a deep headache.

Affected by the downturn in real estate and the disruption of the export industry, the domestic securities market has also continued to decline, and in order to stabilize the economy, Finland has continuously lowered interest rates to stimulate inflation.

The interest rate of 1.5 percent has been implemented.

However, in Germany, the deposit interest rate has been 4.8, and many people have brought money to Germany to save money, which has caused a serious loss of domestic capital.

The Finnish mark, on the other hand, implements a pegged exchange rate system, although it is ostensibly pegged to the European Community currency Eju, but the core currency of Eju 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.

Raise interest rates, or cut interest rates?

Crisis, with a keen sense of smell, An Ning smelled the smell of crisis.

But there is nothing he can do, it is the nature of capital to pursue profits, and this nature is like genes, which cannot be forcibly changed by manpower.

"President. What do we do now. ”

"We'll see for now. We need to wait for the right time. ”

"But if the outflow worsens, we risk depreciation. ”

"I know. But the Germans, how can they care about our life or death, but Britain and Italy must also be dissatisfied with Germany's interest rate hike, hoping that they can stop the pace of Germany's interest rate hike, and we still have a chance. ”

“......”