{"product_id":"2940013911949","title":"2012 Financial End Game Survive The Latest Global Financial Crisis And Come Out On Top!","description":"Table Of Contents\u003cbr\u003eChapter 1:\u003cbr\u003eGlobal Financial Crisis Basics\u003cbr\u003eChapter 2:\u003cbr\u003eUsing Bonds\u003cbr\u003eChapter 3:\u003cbr\u003eCashing In On Precious Metals\u003cbr\u003eChapter 4:\u003cbr\u003eSupply Information On Defeating Credit\u003cbr\u003eCard Debt\u003cbr\u003eChapter 5:\u003cbr\u003eSupply Information On Budgeting\u003cbr\u003eChapter 6:\u003cbr\u003eLearn How To Stay On Top Of Your Own\u003cbr\u003eFinances\u003cbr\u003e\u003cbr\u003eThere has since been an expected cumulative loss of $4,700 billion in\u003cbr\u003eworld output associated with the crisis. The loss in world output\u003cbr\u003erepresents a figure that is close to twenty times greater than the loss\u003cbr\u003eexperienced in the collapsed subprime market.\u003cbr\u003eThough this loss is considerable, the impact on the decrease in stock\u003cbr\u003emarket capitalization from July 2007 until November 2008 alone was\u003cbr\u003ecalculated to have been $26,400 billion which was one hundred times\u003cbr\u003egreater than the loss on the subprime market in the United States\u003cbr\u003ewhere the crisis actually began.\u003cbr\u003eTwo questions have to be asked. How was it possible for the\u003cbr\u003esubprime crisis in the United States to occur and how was it possible\u003cbr\u003efor such a relatively limited and localized crisis to have been able to\u003cbr\u003ecause a crisis of such magnitude to world earnings?\u003cbr\u003eThe basics would indicate that there were fundamental flaws existing\u003cbr\u003ein the scrutinizing of the subprime market. Very importantly, the risk\u003cbr\u003eof the assets was understated and the balance sheets of the derived\u003cbr\u003esecurities were not transparent to those buying into the risk.\u003cbr\u003eWhen the crisis began there were two amplifying mechanisms behind\u003cbr\u003ethe crisis which accelerated the rate of collapse, firstly there began the\u003cbr\u003esale of assets to satisfy liquidity and this was followed by the rapid\u003cbr\u003esale of even more assets to re establish capital ratios.\u003cbr\u003eThe fact that the crisis rapidly spread globally was the result of the\u003cbr\u003einterconnectedness between banking institutions both nationally and\u003cbr\u003einternationally and the high levels of leveraging of the financial\u003cbr\u003esystem as a whole.","brand":"Lou Diamond","offers":[{"title":"Default Title","offer_id":47177724526832,"sku":"2940013911949","price":1.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940013911949_p0.jpg?v=1763597080","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940013911949","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}