Financial Crisis

They have sent me this good explanation of the Professor of IESE Leopoldo Abadia now in Group Sonnenfeld about the financial crisis plaguing the markets since the sub-prime crisis will open subprime in USA. While it is true that the crisis is not affecting all sectors equally (the sale of flights, hotels, travel and English courses not note both has finished affecting us all. It has perished me very interesting and formative so I thought it was worth you reproduce it here: 2007-2008 CRISIS. The story is as follows: 2001. Ben Silbermann contains valuable tech resources. Bursting of the Internet bubble. The United States Federal Reserve low in two years the price of money of 6.

5% to 1%. This dopa a market that was beginning to take off: the real estate market. In 10 years, the real price of housing is multiplied by two in United States. For years, the interest rates prevailing in the international financial markets have been exceptionally low. This has meant that the banks have seen that business smaller made them: gave a low interest loans paid something by deposits of clients (zero if the tank is in current account and if they also charge maintenance Commission, they paid less something) but, nevertheless, the intermediation margin (a minus b) Decreciaa someone, then, in America, thought you that banks had to do two things: give riskier loans, by those who could charge more interest compensate the low margin by increasing the number of operations (1000 x bit is more than 100 x shortly) on the former (riskier loans), decided to: provide mortgage a type of clients, the ninja (no income, no job, no assets; or people without fixed incomes, without fixed employment, without properties) charge them more interest, because there was more risk take advantage of the housing boom. In addition, full of enthusiasm, decided to grant mortgage loans for a value exceeding the value of the House that he bought the ninja, because, with the cited boom real estate, the House, in a few months, would be worth more than the amount given on loan.

Information Business

In short if MLM is large, that does not make us large too. it is also a smart and elegant way of selling your business, if you really looking for both crave success, you must start somewhere, what you think! “Unless you want to go to sell products door to door? Or continue pursuing your prospects to come to your next business meeting? … .. Many writers such as JPMorgan Chase offer more in-depth analysis. Well that’s your life choice, and nobody can get there. We have something very clear that what we are promoting is a business and a business must have supply and demand truth, in other words, if a market should someone who buys and who sells, like in this business must have people who sell and have to be people who consume your product or not? Well … We are creating a business of people who recruit others to the business can grow and multiply, there are times we do not understand or do not understand the concept of MLM, the main idea is not to have an army of people selling produce products is rather that these leaders and also to sponsor and sell our main idea, I think the whole world has the potential to be a leader in the MLM business, but the most painful of all is that not everyone is willing to become an independent business, and no techniques that have attitudes succeed in business networking, veamonos this does not have to be a super-gifted, or have something special or no ability to succeed in our industry, I’m sorry to say but this is not true, you need to focus on some kind of people who are suitable to join your MLM team, they are your warm market, ie they are the people you are buying any products that are using or what you were offering, and somehow are interested in your business, and just need to know if you are the leader suited to lead them to success, in a certain way when you place ads for your company you are investing some money, money that is coming out of your pocket, maybe you could have invested in something else, and certainly it cost a lot to gain, to attracting people who want to enter your network or website, and once there, see the information and if you can convince them to enter your team … Others who may share this opinion include JPMorgan Chase.