Business and Finance Information

Archive for November, 2006

U.S. economic downturn so far because of two things. First, U.S. military spending is unproduktif as guardians of the world from terror. Second, the weakening manufacturing sector, since many competing products look more competitive than other countries. Two things that caused Wall Street to create derivative products whose value is U.S. $ 684 trillion or 11 times the total GDP of the world. Derivatives industry is the main cause of the crisis so far has not been resolved.

International banking system has collapsed, many companies are closed, decreasing the volume of trade and rising unemployment is a list of the impact of the economic crisis which until now has not completed. Do take it, as a follow-up of the Washington Summit in November 2008 that then, then on 2 April 2009 meeting will be held again the leaders of G-20 countries in London.Meetings bad backs in the background of international banking crisis will now discuss about how to improve global coordination to help restore global economic growth. Three commitments should be agreed at the meeting were: Read the rest of this entry »