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The credit crisis that began in the summer of 2007 as a seemingly localized event, expanded over the subsequent year
to impact the lives of many individuals, not just in the United States where it began, but internationally as well.
A continuous stream of news headlines sensationalizing the rise in residential foreclosure rates, the drop in house prices,
the contraction of residential credit and even the collapse and failure of
several large and distinguished financial institutions, most notably Lehman Brothers, all testify to the severity of the crisis.
Even now as the risk of further bank default wanes, the wider implications of the credit crisis on the overall economy - and on
jobs - are being felt with everyone wondering just how severe will be the consequences.
Yet understanding the credit crisis is no simple task. Tracing cause and effect is difficult in large part due to
the complexity of the financial market system that moves capital from those who have it to those who need it.
In this topical webinar, join Rick Thachuk, former central bank economist,
as he navigates you through the credit crisis in simple, easy-to-understand terms complete with helpful illustrations. You'll
discover:
- How the mortgage credit market works.
- How the credit crisis began and then spread.
- How investment banks became at risk.
- The lasting economic fallout.
- The $700 bln "bail-out" plan.
- Some low-risk trading opportunities for under $500.
This 42-minute video is ideal not just for the trader but for anyone engaged in discussion of this timely and news-leading event.
Links to additional resources are also provided.
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This video is presented by Rick Thachuk, President of World Link Futures, Inc. and is being made free of charge
thanks to the sponsorship of The Futures Training Division of PFGBEST. To access this free online video, please complete the information below.
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