Transcript World Trade Crisis 2008
World Trade Crisis 2008 Ondřej Hornig © 2008
World Trade Crisis 2008
Started
–
In September 2008
–
At Wall Street stock exchange
–
By overrated credits
Stock exchange – burza Overrated – nadhodnocený Credit – úveř
World Trade Crisis 2008
Main causes of WTC were
–
Overrating of credits
–
Low interests of credits (for example 1%)
–
Opaque credit financing in companies
–
Careless lending of money
Interest – úrok Opaque – neprůhledný Cause – příčina Careless – neopatrný
World Trade Crisis 2008
Start of the WTC
–
The biggest american insurance company AIG informated about its problems with too many possibly dangerous credits
–
Wall Street index (Dow) fell down, other exchange indexes all over the world followed Dow
–
The volume of trades on the Wall Street exchange dramatically fell down
Insurance company – pojišťovna Volume – objem Trade – obchod
World Trade Crisis 2008
Progress of Dow index between the 4 th July and 2 nd October
World Trade Crisis 2008
Progress of Nasdaq index between the 4 th July and 2 nd October
World Trade Crisis 2008
Progress of PX index between the 4 th July and 2 nd October
Dow
World Trade Crisis 2008
Small compare for demonstration of interconnectivity of world economy sphere Nasdaq Nikkei PX
World Trade Crisis 2008
Impacts in the whole world economic
–
Increase of volume of the world trade was stopped or slown down
–
World market is destabilished, investors are confused
–
Prices of commodites and exchange rates may dramatically change
Decrease – snížit Exchange rate – kurz (př. měny)
World Trade Crisis 2008
Sources
–
http://www.patria.cz/
ekonomické zpravodajství
– –
http://www.denik.cz/
internetový Deník
–
http://www.kurzy.cz/
přehled kurzů a indexů akcií
–
http://money.cnn.com/
internetové zpravodajství
http://finance.yahoo.com/
indexy akcií, peníze
World Trade Crisis 2008 Ondřej Hornig © 2008