Congressional Panel Probes Financial Crisis
Former Federal Reserve Chairman Alan Greenspan testifies on Capitol Hill on causes of market meltdown
Duration : 0:2:29
The Crisis of Credit Visualized – Part 1
The Short and Simple Story of the Credit Crisis.
By Jonathan Jarvis.
Crisisofcredit.com
The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.
For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com
Or email me at jonathan.jarvis@gmail.com
Support the project! Buy a T-Shirt!
cafepress.com/crisisofcredit
Duration : 0:7:32
Forex Trading – How to Gain From Forex Trade News
You can use trading news as an important tool to gain profit in the Forex market. Forex trading news, mostly economic news, tells you about the current economic condition of a country as well as the economic policies that shape their condition. Learning how to use the Forex trade news is vital to earn your profits from the trade.
Here is how to use Forex news to gain profit:
• Identify the market sentiment. Find out how the news supports the existing sentiment, which can either be very bearish or very bullish. If the Forex market does not respond the way it is expected to, you can start your search for a divergent trade and use your charts to time your entry.
• Consider the reality that when Forex trade news is at its most bearish, very bearish markets rally and when the news is at its most bullish, very bullish markets collapse. You can do two things with this in mind: (1) use your Forex charts to search for turning points; and (2) find out if the news does not press on the market the way it is supposed to. When you are able to do so, you can spot divergence trading with huge profits in the offing.
Naturally, there are risks involved when you use the news in your Forex trades. That is why solely “trading the news” is something that you should be doing at your own risk. But if you can use the news just as mentioned above, then you’re in for a successful trading profit.
Timothy Stevens
http://www.articlesbase.com/currency-trading-articles/forex-trading-how-to-gain-from-forex-trade-news-724688.html
global crisis
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Duration : 0:4:20
25. Learning from and Responding to Financial Crisis I (Lawrence Summers)
Financial Markets (ECON 252)
Professor Summers, former U. S. Treasury Secretary and former President of Harvard University, in this the first of two lectures in honor of former Yale Professor and Council of Economic Advisors chairman Arthur Okun, offers thoughts on the role of monetary policy in economic fluctuations, past and present. In the “Okun period,” ending about when Okun died in 1980, the monetary authorities were very much involved in actually creating economic contractions. Inflation would repeatedly get out of control, the Fed would hit the brakes, and the economy would slow. But, that is not the story of the economic cycles of the last two decades. Recent economic cycles appear to be connected with factors endogenous to the financial system, such as bubbles or cycles of complacency among lending institutions. Summers argues that to understand the financial markets and the economy, we must consider models of multiple equilibria, such as bank run models, where a change in confidence may shift the economy drastically without any change in fundamentals.
Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses
This course was recorded in Spring 2008.
Duration : 1:30:50
Small Businesses and the Credit Crisis in 2009
The FSB (Federation of Small Businesses) released their New Year’s message indicating that the government’s strategy to face the credit crisis in 2009 should begin by helping smaller firms avoid having to face closure due to late payments, an expected decline in trade and increased difficulty in accessing financial help for the year to come. The message continues to say that the government should present a light legislative programme for 2009 and a Budget focused on “getting the economy running again”.
John Wright, Chairman of the FSB points out that small business represent over half of the private sector turnover and that the innovative, enterprising and flexible nature of these businesses will help see the UK out of recession in 2009 and into recovery. Consumers will also play an important role in the New Year and will be urged to Keep Trade Local, this also goes for government departments and local authorities who shouldn’t let their global thinking stop them from buying locally.
The FSB New Year’s message calls for an extension of the Small Business Finance scheme into a wider business loan guarantee, access to working capitals to help with cash flow problems and guaranteed overdraft facilities. John Wright also indicates that bank managers lacking experience in dealing with a recession must undergo training to reduce the risk of having to close their offices unnecessarily and points out that there are 10,500 branches in the UK that could be affected by this lack of preparation.
One of the main concerns for small business in 2009 will be that of late payment from their service consumers as this would affect their cash flow and, in turn, their ability to pay business credit card balances on time. This is why the FSB has released the Prompt Payment Code; its purpose is to provide policies related to the payment of “B2B” bills focusing mainly on 3 areas:
- Paying suppliers on time; following terms previously agreed by their contract, without changing payment terms retrospectively or on unreasonable grounds.
- Providing suppliers with clear guidance; giving suppliers easily accessible guidance on payment procedures and a system for dealing with complaints and disputes whilst also ensuring suppliers are promptly advised of reasons why an invoice wouldn’t be paid in time.
- Encouraging good practice; requesting main suppliers to implement the code of practice down their own supply chains.
With many high street retailers closing down, it’s important to take precautions to avoid a similar fate. Considering that some companies rely greatly on the capital buffer coming from their business credit card, it’s important to take some measures to ensure it can still be relied upon in 2009. To avoid jeopardising your credit or being hit by higher rates you can resort to online banking to pay your business credit card balance in time, no matter where you are, find a low or 0 percent interest credit card and consider transferring some of your existing balance into it. In general, avoid leaving balances unpaid as low rate credit cards may prove harder to come by in the New Year.
Hannah Callen
http://www.articlesbase.com/finance-articles/small-businesses-and-the-credit-crisis-in-2009-712801.html