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” pct A United States of America is regarded as the near outstanding country in calls 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 hazard of financial crisis starting from year 2007, the locating changed and many Americans at sea more than half of their total wealth just at bottom a year or two. The financial crisis not lone(prenominal) affects the Americans but the people all everyplace the world since the voice communication 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 verbalised the severity of the cons equence to economy of the world. Former Federal arrest 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 experient banker and has more than 30 years of banking experience. He has gone done 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 anguish so much in t! his tsunami although different crises had been seen before. In the premier(prenominal) part of his speech, he summarised the reasons for the causes of financial tsunami. The reasons for the financial tsunami include 1) everywhere consumption by consumers in US; 2) housing erupt support by sub-prime credit; 3) excessive leverage; 4) currency market/inter-bank crisis and 5) collapse of investment banks. Americans were the most affordable soul in terms...If you want to get a full essay, sight it on our website: BestEssayCheap.com

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