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” region A United States of America is regarded as the near orotund country in names of its frugal development as well as the monetary stableness in a couple of(prenominal) decades and it always acts as the role of human leader among the world. With the occurrent of pecuniary crisis starting from year 2007, the locating changed and many Americans mixed-up more than half of their total wealth just in spite of appearance a year or two. The financial crisis not only(prenominal) affects the Americans but the people all everyplace the world since the rescue 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 consequence to economy of the world. Former Federal reticence 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 veteran(prenominal) banker and has more than 30 years of banking experience. He has gone by dint of 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 mischief so much in this tsunami although different crises had been seen before. In the origin part of his speech, he summarised the reasons for the causes of financial tsunami. The reasons for the financial tsunami include 1) everyplace consumption by consumers in US; 2) housing breathe support by sub-prime credit; 3) excessive leverage; 4) money market/inter-ba! nk crisis and 5) collapse of investment banks. Americans were the most affordable someone in terms...If you want to get a full essay, cast it on our website: BestEssayCheap.com

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