Conclusion In this report‚ it discussed Chinese‚ German‚ Greek and American government debts‚ deficit and GDP respectively. All of debts in these countries are show a rise trend but still have some difference. To give more details‚ Greek debts shown a continued increase as same as German‚ while American government debts had a 3 years decline between 1998 and 2001. After the American financial crisis broke out in 2007‚ it presents a rapid growth trend reach to 102.93(%GDP) in 2011. Chinese shown
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盈富基金 Tracker Fund of Hong Kong 股份代號 : 2800 網 址 : www.trahk.com.hk Stock Code : 2800 Website : www.trahk.com.hk 二零一二年年報 Annual Report 2012 二零一二年一月一日至二零一二年十二月三十一日 1st January 2012 to 31st December 2012 Tracker Fund of Hong Kong Annual Report 2012 Contents Statement of Responsibilities of the Manager and the Trustee 2 Report of the Trustee to the Unitholders 3 Independent Auditor’s Report 4 Statement of Net Assets 6 Statement of Comprehensive
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American Banking system suffered from a liquidity shortfall which had negative ramifications worldwide. The world economy and stock markets fell along with many housing markets. These issues lead to a recession in the UK that resulted in 6 successive quarters of contracted growth. The recession resulted in the Government borrowing a staggering £178 billion (12.6% of
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In 2008‚ the economy took an unexpected turn that experts themselves was in disbelief when it happened. The U.S economy was headed in a recession. The first sign was when Bear Stearns put itself up for sale‚ one of the largest as well as the oldest investment company that survived the Great Depression‚ but when the mortgage crises started‚ Bear Stearns was having a hard time (Solomon‚ 2011). When this happened‚ experts knew this was a sign of trouble. A few months later‚ Lehman Brother that was established
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and how they have been affected by and dealt with the Global Financial Crisis. I was able to complete this report on schedule and meet all my proposed objectives within the allocated word limit of approximately 2500 words. In this report you will find background information involving the roles of banks and why they are vital in our day-to-day lives. The report will then follow on to briefly explain the financial issue of 2008‚ the Global Financial Crisis‚ and how banks from both Australia
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the Current Recession Acting like/unlike the Great Depression Shao Shuai ECO 473 Dennis Foster November 30th‚ 2009 How is the Current Recession Acting like/unlike the Great Depression Nowadays‚ the economy of the world plunges into an awkward situation. The entire world meets a global economic crisis or recession‚ especially in the United States. After World War Ⅱ‚ this recession is the biggest recession for the America. Most of people express worried about this recession; absolutely
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GLOBAL FINANCIAL MARKETS Name: Rasheed Akewusure Student no: 2710157 Module Reference Number: BAF-7-GFM.1 Module Coordinator: Dr. Carolina Valiente Word Count: 3‚997 Abstract The U.S. stock market experienced the worst bear market in its history since the Great Depression during the October 9‚ 2007-March 9‚ 2009 period. The stock market crash was mainly caused by the U.S. banking sector crisis in 2008. As a result of this crisis‚ the U.S. financial sector has received considerable attention
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communication have turned the world into a global village. They have helped man in conquering time and space; nations of the world have come much closer to one another as a result of these wonderful achievements. Now the people of the world feel far more close to one another than in the past‚ however‚ separated by vast distances. These scientific and technological developments have almost revolutionised the life. Let us have a look at what kind of global village it is. What similarities and dissimilarities
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Part-Time Recession It was not too long ago when only 13.5% of U.S employees were part-timers. According to the U.S Department of Labor‚ the number of part-time employees has increased to a peak 20.1% in 2010. The Department of Labor defines “part-time” as working 25 hours or less per week and defines “full-time” as working between 32-40 hours per week. The increase of part-time jobs has become a popular trend. A slow economic recovery from the 2007 recession has caused an increase in part-time
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In Brandon Kings’ report‚ he starts off by asking us the readers‚ “Is it still around‚ waiting to be achieved by those who work hard enough‚ or is it effectively dead‚ killed off by the Great Recession and the economic hardships that many Americans have come to face?” (King 2). He does this to intrigue the reader and have the hook to capture the reader’s attention. The hook is used just like trying to fish for fish‚ it’s the bait to lure the reader in. It also sets up his argument and he is now able
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