Friday, August 21, 2009

Sub prime effect - is it over or still there??

Subprime PPT

http://www.scribd.com/doc/18995919/Subprime-PPT


UBS which was one of the front row investment banks who faced the credit crisis in the last year. It had written down $ 44.2bn following Citi Group and Merill Lynch which wrote off $55.1 bn and $51.8 bn respectively. It had regained its existence with the Swiss Govt. pumping in $ 5.16 bn. Today we saw GOvt. of Switzerland selling off its 9% stake in the bank making a profit of 1.2 billion franc from last year's rescue package. This shows the bank has had a strong footing again and this led to increase in stock price by 4.6% at 17.5 francs and closed at 16.74 francs.

4 comments:

  1. Nice info dear!! n a helpful ppt!! but dont place it in this manner.. anyone can copy and utlisize it!!

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  2. intelligent people r not gonna copy it Nirav, these stuffs are already known, though i am not sure about the fools,
    After the initial pages of the presentation i expected something solid in conclusions part,
    i read a world bank report, in 2007 end it predicted about the production possibility curve at maximum level, nobody paid a heed that time.
    truth is reason or no reason recession effects once in a decade, remember the dot com burst,or the great oil depression.
    Recession is the end stage of a cycle, paving way for a new cycle to evolve.

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  3. good fine...
    and thats very much true..
    nothing lasts forever...
    everything has a cycle...

    i wonder when we will be out of recession we will be more worried about the global warming thing....because for more, companies will produce more...and hence more pollution...even people will start working hard and hence increase the levels drastically...

    anyways...
    the world is in deep danger no matter how...

    lets be ready to face whatever comes by...

    keep up the good blogging and posting such good stuff...
    thanx to nirav for sharing with me ur link...

    keep it up..

    tke cre
    b well..
    Yogesh Goel
    ygoel.com

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  4. It is right that the end of the crisis will give way to yet another crisis, be it in the global financial market or nations in particular.

    Currently the world is awaiting few other bubble bursts.
    1. Bond Market Bubble burst in U.S
    2. China's steel bubble burst due to excessive production in the last few years

    Some information about the same will be put in my next post. So keep watching...


    Thanks people for the mixed reactions. I would try to put in more of my opnions from my next blog posts..

    ReplyDelete