Report Based On Seminar : Financial Tsunami: Its Impacts And How To Survive It

EF 5063 Professional Seminar - Semester B Report based on seminar held on 14 Feb, 2009 (Sat) by Mr. Jonathan K. H. Cheung appellation “Financial Tsunami: its impacts and how to survive it” break dance A United States of America is regarded as the near fully grown country in end points of its frugal development as well as the monetary stableness in a few(prenominal) decades and it always acts as the role of human leader among the world. With the incident of financial crisis starting from year 2007, the locating changed and many Americans dis regularizeed more than half of their total wealth just indoors a year or two. The financial crisis not completely affects the Americans but the people all everyplace the world since the sales talk of USA is highly correlated to that of former(a) countries. Therefore, a new term “Financial Tsunami” appears in the media from that succession and also the term verbalized the severity of the co nsequence to economy of the world. Former Federal reliever chairman Alan Greenspan also claimed in Congress the turbulence in the global financial markets a “once in a century credit tsunami”. The speaker system of the speech, Mr. Jonathan Cheung, is a stager banker and has more than 30 years of banking experience. He has gone finished several financial crises during his working life.

In his speech he would like to share with audiences on his assessment in financial tsunami happened in US and some suggestions for the employees, one-on-one and investors. Mr. Cheung mentioned he had neer seen so many people or friends get combat injury so! much in this tsunami although different crises had been seen before. In the early part of his speech, he summarised the reasons for the causes of financial tsunami. The reasons for the financial tsunami include 1) over consumption by consumers in US; 2) housing extravasate support by sub-prime credit; 3) excessive leverage; 4) gold market/inter-bank crisis and 5) collapse of investment banks. Americans were the most affordable mortal in terms...If you want to get a full essay, order it on our website: BestEssayCheap.com

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