SlideShare a Scribd company logo
Presented by
SURAJ ZARE
RISHI GUPTA
ROHIT JAIN
ABHIJEET BANERJEE
NIMIT KUMAR
Agenda
 Causes of recession
 Lessons from recession
 Effects of recession
 Impact on India
 Lessons still not learnt
 Conclusion
Causes of recession
 The Housing Bubble Burst
 The Subprime Mortgage Fiasco
 Sky-High Price of Crude Oil and Refined Product
 Dollar Devaluation
 Corruption
 Unlimited supply of credit
Lessons from recession
 Just because you can qualify to borrow money doesn't
mean you should
 A house is primarily a place to live
 Stock prices can keep falling a very long time
 You cant avoid risk by avoiding stock market
 Your job is your greatest asset
Effects of recession
 Bankruptcy
 Bailouts
 Foreclosure
 Economic meltdown
 Loss of confidence in stock market
Impact on India
 FIIs pulled out of money from the Indian stock market
 Public Sector Banks, State Bank Of India, Bank Of
Baroda, Canara Bank, Punjab National Bank etc did
not have major exposure to credit derivatives market
due to their limited overseas operations
 Stock market Crashed and BSE sensex crashed from
24000 level to 8000 level
 ICICI Bank incurred a loss of close to Rs.1000 Crores
because of exposure to international securities market
Lessons still not learnt
 Supply is not being matched with demand this will
help accelerate the domino effect eg. China real estate
 Corruption is still a problem in many countries
 No complete transparency in the financial system in
major economies
 Major economies are at very high risk of collapse
Conclusion
 World is on a time bomb of bailouts
 Lessons should be taken seriously
 With differences increasing in the real asset and
financial asset the risk is also increasing
 Credit should only be provided for temporary leverage
without effecting the supply side.

More Related Content

Similar to The great recession of 2009 have the lessons been learnt

Global financial crisis
Global financial crisisGlobal financial crisis
Global financial crisis
kamal9089
 
Global Financial Crisis And Its Impact On The Indian Economy
Global Financial Crisis And Its Impact On The Indian EconomyGlobal Financial Crisis And Its Impact On The Indian Economy
Global Financial Crisis And Its Impact On The Indian Economy
Shradha Diwan
 
Presentation on IB Seminar
Presentation on IB SeminarPresentation on IB Seminar
Presentation on IB Seminar
Ashish Gosain
 
Recession -B.V.Raghunandan
Recession -B.V.RaghunandanRecession -B.V.Raghunandan
Recession -B.V.Raghunandan
SVS College
 
Dubai World -Recession
Dubai World -RecessionDubai World -Recession
Dubai World -Recession
SVS College
 
Financial crisis 2009.pptx
Financial crisis 2009.pptxFinancial crisis 2009.pptx
Financial crisis 2009.pptx
kiran295953
 
Global Economic Crisis Arun
Global Economic Crisis ArunGlobal Economic Crisis Arun
Global Economic Crisis Arun
ARUN THOMAS
 
Global economic meltdown 2008
Global economic meltdown 2008Global economic meltdown 2008
Global economic meltdown 2008
Ramakrishna BE PGDM
 
Global economic meltdown 2008
Global economic meltdown 2008Global economic meltdown 2008
Global economic meltdown 2008
Ramakrishna BE PGDM
 
Presentation for Finance Seminar
Presentation for Finance SeminarPresentation for Finance Seminar
Presentation for Finance Seminar
Ashish Gosain
 
Subprime Crisis(Brief)
Subprime Crisis(Brief)Subprime Crisis(Brief)
Subprime Crisis(Brief)
Rohan Negi
 
Subprimefinal 130827111611-phpapp02
Subprimefinal 130827111611-phpapp02Subprimefinal 130827111611-phpapp02
Subprimefinal 130827111611-phpapp02
Varun Sharma
 
The Global Financial Crisis and its Impact on India
The Global Financial Crisis and its Impact on IndiaThe Global Financial Crisis and its Impact on India
The Global Financial Crisis and its Impact on India
Gomathi Siva
 
Flow of Capital - Prospects and Consequences.ppt
Flow of Capital - Prospects and Consequences.pptFlow of Capital - Prospects and Consequences.ppt
Flow of Capital - Prospects and Consequences.ppt
silas Sargunam
 
The Global Financial Glitch of 2007-'08 (A Brief Overview)
The Global Financial Glitch of 2007-'08 (A Brief Overview)The Global Financial Glitch of 2007-'08 (A Brief Overview)
The Global Financial Glitch of 2007-'08 (A Brief Overview)
Arnav Pati
 
Global financial crisis 2008
Global financial crisis 2008Global financial crisis 2008
Global financial crisis 2008
valliappan1991
 
Global Financial Crisis
Global Financial CrisisGlobal Financial Crisis
Global Financial Crisis
Kumar Kumar
 
Recession in India 2008
Recession in India 2008Recession in India 2008
Recession in India 2008
Saket Choudhary
 
Sreekanth(recession)
Sreekanth(recession)Sreekanth(recession)
Sreekanth(recession)
Sreekanth Konka
 
Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....
Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....
Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....
GeorgeKabongah2
 

Similar to The great recession of 2009 have the lessons been learnt (20)

Global financial crisis
Global financial crisisGlobal financial crisis
Global financial crisis
 
Global Financial Crisis And Its Impact On The Indian Economy
Global Financial Crisis And Its Impact On The Indian EconomyGlobal Financial Crisis And Its Impact On The Indian Economy
Global Financial Crisis And Its Impact On The Indian Economy
 
Presentation on IB Seminar
Presentation on IB SeminarPresentation on IB Seminar
Presentation on IB Seminar
 
Recession -B.V.Raghunandan
Recession -B.V.RaghunandanRecession -B.V.Raghunandan
Recession -B.V.Raghunandan
 
Dubai World -Recession
Dubai World -RecessionDubai World -Recession
Dubai World -Recession
 
Financial crisis 2009.pptx
Financial crisis 2009.pptxFinancial crisis 2009.pptx
Financial crisis 2009.pptx
 
Global Economic Crisis Arun
Global Economic Crisis ArunGlobal Economic Crisis Arun
Global Economic Crisis Arun
 
Global economic meltdown 2008
Global economic meltdown 2008Global economic meltdown 2008
Global economic meltdown 2008
 
Global economic meltdown 2008
Global economic meltdown 2008Global economic meltdown 2008
Global economic meltdown 2008
 
Presentation for Finance Seminar
Presentation for Finance SeminarPresentation for Finance Seminar
Presentation for Finance Seminar
 
Subprime Crisis(Brief)
Subprime Crisis(Brief)Subprime Crisis(Brief)
Subprime Crisis(Brief)
 
Subprimefinal 130827111611-phpapp02
Subprimefinal 130827111611-phpapp02Subprimefinal 130827111611-phpapp02
Subprimefinal 130827111611-phpapp02
 
The Global Financial Crisis and its Impact on India
The Global Financial Crisis and its Impact on IndiaThe Global Financial Crisis and its Impact on India
The Global Financial Crisis and its Impact on India
 
Flow of Capital - Prospects and Consequences.ppt
Flow of Capital - Prospects and Consequences.pptFlow of Capital - Prospects and Consequences.ppt
Flow of Capital - Prospects and Consequences.ppt
 
The Global Financial Glitch of 2007-'08 (A Brief Overview)
The Global Financial Glitch of 2007-'08 (A Brief Overview)The Global Financial Glitch of 2007-'08 (A Brief Overview)
The Global Financial Glitch of 2007-'08 (A Brief Overview)
 
Global financial crisis 2008
Global financial crisis 2008Global financial crisis 2008
Global financial crisis 2008
 
Global Financial Crisis
Global Financial CrisisGlobal Financial Crisis
Global Financial Crisis
 
Recession in India 2008
Recession in India 2008Recession in India 2008
Recession in India 2008
 
Sreekanth(recession)
Sreekanth(recession)Sreekanth(recession)
Sreekanth(recession)
 
Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....
Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....
Summer 2023 Class Presentation on Financial Crises _ Causes and Consequences....
 

More from Suraj Zare

Occupy wall street
Occupy wall streetOccupy wall street
Occupy wall street
Suraj Zare
 
The concorde project
The concorde  projectThe concorde  project
The concorde project
Suraj Zare
 
Bullet trains just transport, or potential game changers
Bullet  trains  just transport, or potential game changersBullet  trains  just transport, or potential game changers
Bullet trains just transport, or potential game changers
Suraj Zare
 
SKMBT_C224e15052920400
SKMBT_C224e15052920400SKMBT_C224e15052920400
SKMBT_C224e15052920400Suraj Zare
 
Leave & attendance project
Leave & attendance projectLeave & attendance project
Leave & attendance project
Suraj Zare
 
Steve jobs
Steve jobsSteve jobs
Steve jobs
Suraj Zare
 
GUYANA ECONOMY
GUYANA ECONOMYGUYANA ECONOMY
GUYANA ECONOMY
Suraj Zare
 
Computers & peripherals sector
Computers & peripherals sectorComputers & peripherals sector
Computers & peripherals sector
Suraj Zare
 
SURAJ ZAREvisual CV
SURAJ ZAREvisual CVSURAJ ZAREvisual CV
SURAJ ZAREvisual CV
Suraj Zare
 

More from Suraj Zare (9)

Occupy wall street
Occupy wall streetOccupy wall street
Occupy wall street
 
The concorde project
The concorde  projectThe concorde  project
The concorde project
 
Bullet trains just transport, or potential game changers
Bullet  trains  just transport, or potential game changersBullet  trains  just transport, or potential game changers
Bullet trains just transport, or potential game changers
 
SKMBT_C224e15052920400
SKMBT_C224e15052920400SKMBT_C224e15052920400
SKMBT_C224e15052920400
 
Leave & attendance project
Leave & attendance projectLeave & attendance project
Leave & attendance project
 
Steve jobs
Steve jobsSteve jobs
Steve jobs
 
GUYANA ECONOMY
GUYANA ECONOMYGUYANA ECONOMY
GUYANA ECONOMY
 
Computers & peripherals sector
Computers & peripherals sectorComputers & peripherals sector
Computers & peripherals sector
 
SURAJ ZAREvisual CV
SURAJ ZAREvisual CVSURAJ ZAREvisual CV
SURAJ ZAREvisual CV
 

Recently uploaded

Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest  and how it is calculatedDetailed power point presentation on compound interest  and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
KishanChaudhary23
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
5spllj1l
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
sameer shah
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Neal Brewster
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
taqyea
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
Neal Brewster
 
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFiTdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
nimaruinazawa258
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Henry Tapper
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
k4ncd0z
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
bresciafarid233
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
Lawrence101
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
alexiusbrian1
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
ResolutionFoundation
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
Majid Iqbal
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
AntoniaOwensDetwiler
 

Recently uploaded (20)

Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest  and how it is calculatedDetailed power point presentation on compound interest  and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
 
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFiTdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
 

The great recession of 2009 have the lessons been learnt

  • 1. Presented by SURAJ ZARE RISHI GUPTA ROHIT JAIN ABHIJEET BANERJEE NIMIT KUMAR
  • 2. Agenda  Causes of recession  Lessons from recession  Effects of recession  Impact on India  Lessons still not learnt  Conclusion
  • 3. Causes of recession  The Housing Bubble Burst  The Subprime Mortgage Fiasco  Sky-High Price of Crude Oil and Refined Product  Dollar Devaluation  Corruption  Unlimited supply of credit
  • 4. Lessons from recession  Just because you can qualify to borrow money doesn't mean you should  A house is primarily a place to live  Stock prices can keep falling a very long time  You cant avoid risk by avoiding stock market  Your job is your greatest asset
  • 5. Effects of recession  Bankruptcy  Bailouts  Foreclosure  Economic meltdown  Loss of confidence in stock market
  • 6. Impact on India  FIIs pulled out of money from the Indian stock market  Public Sector Banks, State Bank Of India, Bank Of Baroda, Canara Bank, Punjab National Bank etc did not have major exposure to credit derivatives market due to their limited overseas operations  Stock market Crashed and BSE sensex crashed from 24000 level to 8000 level  ICICI Bank incurred a loss of close to Rs.1000 Crores because of exposure to international securities market
  • 7. Lessons still not learnt  Supply is not being matched with demand this will help accelerate the domino effect eg. China real estate  Corruption is still a problem in many countries  No complete transparency in the financial system in major economies  Major economies are at very high risk of collapse
  • 8. Conclusion  World is on a time bomb of bailouts  Lessons should be taken seriously  With differences increasing in the real asset and financial asset the risk is also increasing  Credit should only be provided for temporary leverage without effecting the supply side.