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
World Trade Crisis 2008 Small compare for demonstration of interconnectivity of world economy sphere Dow Nasdaq PX Nikkei
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 – ekonomické zpravodajství – internetový Deníkhttp:// – přehled kurzů a indexů akcií – internetové zpravodajství – indexy akcií, penízehttp://finance.yahoo.com/
World Trade Crisis 2008 Ondřej Hornig © 2008