The 2007-2008 global financial crisis resulted from the collapse of the US housing bubble and loose lending practices, especially subprime mortgages. Housing prices rose sharply in the early 2000s due to low interest rates and high demand. When borrowers began defaulting in large numbers in 2006-2007 due to adjustable rate mortgages, banks and financial institutions that were invested in mortgage-backed securities suffered huge losses. This led to a liquidity crisis and credit crunch. The crisis had severe economic impacts, including stock market declines, high unemployment, and recession in the US and Europe.
After the storm- Global Financial Crisis 27 aug 2010Gaurav Sharma
Global Financial Order - Reasons for Crisis, Current Status, The BIG Shifts- Public Debt, Global De-leverage, Wealth Concetration & Creation.
Talk Delivered at Fore School Of Management, new Delhi
Overview of GLOBAL FINANCE CRISIS and impact with market. Impacts of the US Financial Crisis on Indian Economy. FINANCE CRISIS, Subprime Mortgage Crisis, US Financial Markets, US Unemployment and Stock Market Returns, Treasury Rates and Inflation,
Bubble spotting - Subprime Mortgage crisis / Housing bubble 2007-2008Benjamin Van As
In the early to mid 2000s a housing bubble was created due to easy access to credit. The fall-out once investment bubble popped nearly brought the banking sector to its knees
This short presentation (part of a series on bubbles) explained what happened
After the storm- Global Financial Crisis 27 aug 2010Gaurav Sharma
Global Financial Order - Reasons for Crisis, Current Status, The BIG Shifts- Public Debt, Global De-leverage, Wealth Concetration & Creation.
Talk Delivered at Fore School Of Management, new Delhi
Overview of GLOBAL FINANCE CRISIS and impact with market. Impacts of the US Financial Crisis on Indian Economy. FINANCE CRISIS, Subprime Mortgage Crisis, US Financial Markets, US Unemployment and Stock Market Returns, Treasury Rates and Inflation,
Bubble spotting - Subprime Mortgage crisis / Housing bubble 2007-2008Benjamin Van As
In the early to mid 2000s a housing bubble was created due to easy access to credit. The fall-out once investment bubble popped nearly brought the banking sector to its knees
This short presentation (part of a series on bubbles) explained what happened
Introducing Subprime Mortgage Crisis PowerPoint Presentation Slides. The presentation highlights the impact of the financial crisis of the year in percentages. Take the advantage of our ready-to-use PPT template to showcase fall in housing prices, unemployment, etc. during a crisis. The impact of a great recession on investment banks is also discussed in this presentation. This content-ready slide design also illustrates the significant financial bubble burst of financial years. Highlight the cost of the financial crisis and its key members. The effects of the crisis on the economy of the US can be effectively discussed using our PPT theme. Showcase how the crisis started spreading in various other parts of the country with the use of this PPT visual. Depict how CDO customers protect themselves during the recession. Explain the effect of subprime in many countries with this PPT theme. Further, describe the current scenario after a decade of a financial crisis in the US. Explain fed tapering, quantitative easing, etc. effectively by using this PPT slideshow. At last, the presentation discusses the vision, mission, and goals of the company. https://bit.ly/2PeSvsw
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Introducing Subprime Mortgage Crisis PowerPoint Presentation Slides. The presentation highlights the impact of the financial crisis of the year in percentages. Take the advantage of our ready-to-use PPT template to showcase fall in housing prices, unemployment, etc. during a crisis. The impact of a great recession on investment banks is also discussed in this presentation. This content-ready slide design also illustrates the significant financial bubble burst of financial years. Highlight the cost of the financial crisis and its key members. The effects of the crisis on the economy of the US can be effectively discussed using our PPT theme. Showcase how the crisis started spreading in various other parts of the country with the use of this PPT visual. Depict how CDO customers protect themselves during the recession. Explain the effect of subprime in many countries with this PPT theme. Further, describe the current scenario after a decade of a financial crisis in the US. Explain fed tapering, quantitative easing, etc. effectively by using this PPT slideshow. At last, the presentation discusses the vision, mission, and goals of the company. https://bit.ly/2PeSvsw
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
2. The 2007–2012 financial crisis, also known as the Global
Financial Crisis and 2008 financial crisis.
It resulted in the threat of total collapse from large financial
institutions, the bailout of banks by national governments, and
downturns in stock markets around the world.
In many areas, the housing market also suffered, resulting
in evictions, foreclosures and prolonged unemployment.
The crisis played a significant role in the failure of key
businesses, declines in consumer wealth estimated in trillions
of US dollars, and a downturn in economic activity leading to
the 2008–2012 global recession and thus contributing to
the European sovereign-debt crisis.
11/12/2022 2
3. The immediate cause or trigger of the crisis was the bursting of
the United States housing bubble which peaked in approximately
2005–2006.
The key causes leading to crisis can be listed as :
Housing price increase during 2000-2005, followed by a levelling off and
price decline
The bailout of banks by national government
Increase in the default and foreclosure rates beginning in the second half of
2006
Collapse of major investment banks by 2008
Avoided investigations of GSEs
2008 collapse of stock prices
11/12/2022 3
4. The US Federal Reserve – to
get economy out of recession
(IT bubble burst-2000) -- cut
interest rates,
Large Increase in money
supply & Liquidity with banks
----(cheap credit availability )
Increased housing & real
estate prices (low interest
rates, excess liquidity --
lending for houses quite
attractive)
Banks provided Sub-prime &
Ninja loans…..!!!!.
…….housing prices rising &
rising…………
During Housing & credit
booms… oversupply is there–
- [no. of CDO (MBS) investors
throughout the world greatly
increased…..]
As housing prices declined,
sub-prime households
started defaulting in making
their installments
Banks as well as CDO
investors suffered heavy
losses.. .. Leading to ‘Liquidity
Crunch’…
Financial investment
institutions went bankrupt &
lacked liquidity…. Leading to
‘Credit Crunch’
Consumption demand and
investment adversely
affected……..
Hence, The Slowdown in ECONOMIC
GROWTH….!!!!
.
11/12/2022 4
5. SUB PRIME LENDING :
Intense competition between mortgage lenders for
revenue and market shares, and the limited supply of
creditworthy borrowers, caused mortgage lenders (i.e. pvt.
securitizers) to relax underwriting standards and proliferate
risky mortgages to less creditworthy borrowers.
Subprime mortgages remained below 10% of all mortgage
originations until 2004, when they spiked to nearly 20%
and remained there through the 2005–2006 peak of
the United States housing bubble.
11/12/2022 5
6. .
Source: US Census Bureau, Harvard University, State of Nation’s Housing Report ,2008
11/12/2022 6
7. Between 1997 and 2006, the price of the typical American
house increased by 124%.
During the two decades ending in 2001, the national median
home price ranged from 2.9 to 3.1 times median household
income.
This ratio rose to 4.0 in 2004, and 4.6 in 2006.This housing
bubble resulted in many homeowners refinancing their
homes at lower interest rates, or financing consumer
spending by taking out second mortgages secured by the
price appreciation.
11/12/2022 7
9. EASY CREDIT CONDITIONS:
Lower interest rates encouraged borrowing. From 2000 to 2003,
the Federal Reserve lowered the federal funds rate target from 6.5%
to 1.0%.
This was done to soften the effects of the collapse of the dot-com
bubble and the September 2001 terrorist attacks, as well as to
combat a perceived risk of deflation.
Additional downward pressure on interest rates was created by
the high and rising U.S. current account deficit, which peaked along
with the housing bubble in 2006.
11/12/2022 9
10. Weak and fraudulent underwriting practices
Predatory lending
Increased debt burden or over-leveraging
Financial innovation and complexity
Incorrect pricing of risk
Boom and collapse of the shadow banking system
11/12/2022 10
11. Financial institutions:
The first notable event signaling a possible financial crisis, occurred
in the United Kingdom on August 7, 2007 when BNP Paribas, citing
"a complete evaporation of liquidity", blocked withdrawals from
three hedge funds.
The significance of this event was not immediately recognized but
soon led to a panic as investors and savers attempted to liquidate
assets deposited in highly-leveraged financial institutions.
The financial institution crisis hit its peak in September and October
2008.
11/12/2022 11
12. Several major institutions either failed, were acquired
under duress, or were subject to government takeover.
These included Lehman Brothers , Merrill Lynch ,
Fannie Mae , Freddie Mac , Washington Mutual,
Wachovia , Citigroup and American International Group
. (AIG).
11/12/2022 12
13. Mounting subprime losses; paniced financial markets and
sucked out liquidity from the market led to the demise of the
top five investment banks / financial intermediaries of
“The Wall Street” .
11/12/2022 13
14. US STOCK MARKET :
The US stock market peaked in October 2007, when
the Dow Jones Industrial Average index exceeded 14,000
points.
- It then entered a pronounced decline, which
accelerated markedly in October 2008.
- By March 2009, the Dow Jones average had reached a
trough of around 6,600. It has since recovered much of
the decline, exceeding 12,000 during most of 2011, and
occasionally reaching 13,000 in 2012.
11/12/2022 14
15. rev200902
The Economic Crisis of 2008: Cause
and Aftermath
Sli
de
15
of
31
As of mid-December of 2008, stock returns were
down by 37 percent since the beginning of the year.
This is nearly twice the magnitude of any year since
1950.
This collapse eroded the wealth and endangered the
retirement savings of many Americans.
S and P 500 Total Return
Source: www.standardpoors.com
1
9
5
0
1
9
5
3
1
9
5
6
1
9
5
9
1
9
6
2
1
9
6
5
1
9
6
8
1
9
7
1
1
9
7
4
1
9
7
7
1
9
8
0
1
9
8
3
1
9
8
6
1
9
8
9
1
9
9
2
1
9
9
5
1
9
9
8
2
0
0
1
2
0
0
4
2
0
0
7
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
16. THE SHADOW BANKING SYSTEM :
Economist Paul Krugman and U.S.
Treasury Secretary Timothy Geithner explain the credit crisis
via the implosion of the shadow banking system
“ Without the ability to obtain investor
funds in exchange for most types of mortgage-backed
securities or asset-backed commercial paper, investment
banks and other entities in the shadow banking system could
not provide funds to mortgage firms and other corporations.”
This meant that nearly one-third of the U.S. lending
mechanism was frozen and continued to be frozen into June
2009.
11/12/2022 16
17. Wealth effects :
Between June 2007 and November 2008, Americans lost an
estimated average of more than a quarter of their collective
net worth.
By early November 2008, a broad U.S. stock index the S&P
500, was down 45% from its 2007 high.
Housing prices had dropped 20% from their 2006 peak, with
futures markets signaling a 30–35% potential drop.
11/12/2022 17
18. Total retirement assets, Americans' second-largest
household asset, dropped by 22%, from $10.3 trillion
in 2006 to $8 trillion in mid-2008.
During the same period, savings and investment
assets (apart from retirement savings) lost $1.2 trillion
and pension assets lost $1.3 trillion.
Taken together, these losses total a staggering
$8.3 trillion
11/12/2022 18
19. FIIs had invested on a massive scale in the
equity shares of several indian companies;
thus, due to this the share prices rose to new
heights…
Year Sensex Points
2004 6000 mark
2005 8000 mark
2006 10000 mark
2007 13000 mark
2008 21000 mark
11/12/2022 19
20. Around this time , US & European markets crashed..!!
The share prices started falling sharply…& problems of liquidity & credit
crunch assumed grave proportions.
FIIs to meet the liquidity requirements of their parent companies started
selling shares of indian companies in order to pull out capital from
India…..and the results were…..
Upto Nov 2008, FIIs sold more than $13 billion worth of indian shares…
thus, depreciating rupee against dollars..!
Year Sensex
Jan. 2008 21000 points
Sept. 2008 11000 points
Oct. 2008 10000 points
Nov. 2008 9000 points
11/12/2022 20
21. Avoid these policies:
◦ Monetary contraction
◦ Trade restrictions
◦ Tax increases
◦ Constant changes in policy; this merely creates uncertainty and delays
private sector recovery.
11/12/2022 21
22. It will take time for the mal investments to be
corrected and for households to improve their
personal financial situation.
Danger: Frequent policy changes will retard
recovery.
11/12/2022 22
23. 1. The keys to sound policy are :
well-defined property rights,
monetary and price stability,
open markets,
low taxes,
control of government spending,
neutral treatment of both people and enterprises.
2. It should be announced and followed that:
i. The mistakes of the 1930s will not be repeated, including the
uncertainty generated by the frequent policy changes that
characterized the New Deal.
ii.In the future, government spending will be controlled and the
deficit be reduced.
11/12/2022 23