us subprime crisis
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cours donné par Mme PapadopoulouTRANSCRIPT
International Economy Session 2: The US Subprime Crisis
Niki Papadopoulou Fall 2012
International Economy: The US Subprime Crisis & the aftermath
Student presentation on the US economy Facts & Figures of the US economy
When, who, how, what of the US subprime crisis and the consequences
Administrative Note for Group F
Class schedule has changed:
Introductory Question: Is the EU crisis good or bad
for the US Economy? Hint: Where do foreign investors put their money when the EU zone is unstable?
Who’s fault is all this?
Debt Low Interest Rates
Chinese purchase of US Government Bonds
Never ending consumption
Under valued yuan
How did we get to this?
How did we get to this?
Quiz
Quiz
Source: The Economist, May 13, 2010
International Economy: The US Subprime Crisis & the aftermath
Student presentation on the US economy Facts & Figures of the US economy
When, who, how, what of the US subprime crisis and the consequences
It was an Inside Job*
*Inside Job: A crime committed by an individual who is in a position of trust and has access to “inside knowledge, Urban Dictionary.
Facts & Figures
Facts & Figures
Facts & Figures
Facts & Figures
Facts & Figures
Facts & Figures
International Economy: The US Subprime Crisis and the aftermath
Student presentation on the US economy Facts & Figures of the US economy
When, who, how, what of the US subprime crisis and the consequences
When
July 2007: two Bear Stearns hedge funds specializing in subprime mortage debt collapse, losing all value
The very beginning of the end The total beginning of the end
Sept 2008: Lehman Brothers files for bankruptcy. Contagion spreads. By the end of the year, the US and most of the rest of the world embark on a global economic crisis that has not yet ended.
How
How
How
How
How
How
How
How
How
Who
Who
Who
Who
Who
What
What
What
What
What
What
What
What
Déjà Vu?
Déjà Vu?
Consequences for the US
Consequences for the US
Consequences for the US
Consequences for the US
Consequences for the US
Consequences for the US
Consequences for the US
Growing inequality brings risks..
Consequences for the US
Consequences for all
Consequences for all Decline of US political, moral,
and economy authority
Consequences for all
The Rise of the Rest
Consequences for all
Fear of deflation and a “double-dip recession”
A weak recovery
And maybe it’s just the beginning….
Solutions…Any ideas?
Solutions: More or Less Government?