A.B.C. of Global Financial Crisis-2008

A.B.C. of Global Financial Crisis 2008

a rare PowerPoint presentation by arifanees:

The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models werent so vocal, influential and inconsiderate of others viewpoints and concerns.
This article provides an overview of the crisis with links for further, more detailed, coverage at the end.
A crisis so severe, the world financial system is affected

Following a period of economic boom, a financial bubble—global in scope—has now burst.
A collapse of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies have had a ripple effect around the world. Furthermore, other weaknesses in the global financial system have surfaced. Some financial products and instruments have become so complex and twisted, that as things start to unravel, trust in the whole system started to fail.
The extent of this problem has been so severe that some of the worlds largest financial institutions have collapsed. Others have been bought out by their competition at low prices and in other cases, the governments of the wealthiest nations in the world have resorted to extensive bail-out and rescue packages for the remaining large banks and financial institutions.
Towards the end of October, the Bank of England said the worlds financial firms had now lost £1.8 trillion ($2.8 trillion) as a result of the continuing credit crisis. Global taxpayers have now spent around $8 trillion to shore up the worlds banks. These amounts will increase as the crisis spreads into the real economy.

Attached is a wonderful presentation by the wizard financial analyst and writer Arif Anees. Hope you'd all relish this rare stuff..

Category:

Education

Tags:

• Financial
• Crisis
• Global
• ABC

[MpLMx]

Is it possible also to download this presentation? If so, Where?

[istvanenekes]

It is very unclear your slide, how to read ?

Could you make it better and clearere

[janadp01]

There are alot of people (and the environment) who'll benefit from this so called crisis. I'm one of them.