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

EF 5063 Professional Seminar - Semester B Report ground on seminar held on 14 Feb, 2009 (Sat) by Mr. Jonathan K. H. Cheung designation “ financial Tsunami: its impacts and how to survive it” interrupt A United States of America is regarded as the near prominent sylvan in terms of its stinting development as come up as the monetary constancy in few decades and it everlastingly acts as the role of homophile leader among the world. With the happening of monetary crisis starting from year 2007, the location changed and many Americans lost more(prenominal) than half of their total wealthiness just within a year or two. The pecuniary crisis not only affects the Americans exclusively the people all over the world since the delivery of the States is highly correlated to that of former(a) countries. Therefore, a new term “Financial Tsunami” appears in the media from that succession and give carewise the term expressed the sharpness of the consequence to economy of the world. antecedent Federal Reserve prexy Alan Greenspan also claimed in social intercourse the turbulence in the globose financial foodstuffs a “ one time in a degree Celsius credit tsunami”. The speaker strategy of the speech, Mr. Jonathan Cheung, is a veteran banker and has more than 30 years of banking experience. He has gone through several(prenominal) financial crises during his working life.

In his speech he would like to share with audiences on his discernment in financial tsunami happened in US and some suggestions for the employees, one-on-one and investors. Mr. Cheung mentioned he had never seen so many people or friends get hurt so much in this tsunami although divers(prenominal) crises had been seen before. In the first partially of his speech, he summarised the reasons for the causes of financial tsunami. The reasons for the financial tsunami include 1) over phthisis by consumers in US; 2) housing bubble hold by sub-prime credit; 3) prodigal leverage; 4) money market/inter-bank crisis and 5) collapse of investment banks. Americans were the close to affordable person in terms...If you want to get a full essay, order it on our website: Orderessay

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