Economy · first published 2025-08-29
The capital shortage holding Finland back | Sami Miettinen on Puheenaihe 618
Sami Miettinen's first solo appearance on Puheenaihe, hosted by Leevi Leivo. The argument is arithmetic: a household with €150,000 has nothing left to invest after the flat, while a €270bn pension complex quite logically wants large foreign targets. Founding a company without capital is hard. The angriest section is the YEL mess — entrepreneurs' pensions were never funded, the state carries a €600m expense, and the fix sits with a vague working group. The second half covers rates, tariffs, the dollar and his own portfolio: cash weight, bitcoin and gold.
The capital shortage holding Finland back | Sami Miettinen on Puheenaihe 618
Summary: Sami Miettinen’s first solo appearance on Puheenaihe, hosted by Leevi Leivo. The argument is arithmetic: a household with €150,000 has nothing left to invest after the flat, while a €270bn pension complex quite logically wants large foreign targets. Founding a company without capital is hard. The angriest section is the YEL mess — entrepreneurs’ pensions were never funded, the state carries a €600m expense, and the fix sits with a vague working group. The second half covers rates, tariffs, the dollar and his own portfolio: cash weight, bitcoin and gold.
Key Themes
- The investment banking business: Discussed from 0:00 onward.
- The capital shortage: Discussed from 4:42 onward.
- Pension funds: Discussed from 8:46 onward.
- Where the Finnish economy stands: Discussed from 15:51 onward.
- The YEL catastrophe: Discussed from 20:33 onward.
- Regressive pension contributions: Discussed from 27:30 onward.
- Equity markets: Discussed from 30:26 onward.
- Interest rates: Discussed from 33:10 onward.
- The dollar’s position: Discussed from 40:12 onward.
- Cash weight in the portfolio: Discussed from 52:15 onward.
- Bitcoin and gold: Discussed from 56:37 onward.
- Sami’s podcasting career: Discussed from 1:01:17 onward.