Facts and figures Credit Crisis, chances in the credit crisis, credit crisis changes the way we do business

Facts, figures

1. GOCU for General Management. 2. Bridging for Business. From 'after the crisis' to a new innovation-era

Facts and figures Credit Crisis

This financial crisis is the biggest since 1930. Many observers say that this one is even bigger. Because it is not only a credit crisis, also the stock markets lost 30-50% of their value last year, big financial institutes bankrupted or are kept alive with huge governmental loans and the confidence of the 'normal citizens' in the financial credibility is lower then ever. This crisis is spreading over many countries and most parts of our economies are hurt.

When more then 4 area's are weak we speak of a disaster, here we have:

	credit crisis (sub-prime loans, in combination with declining prices for houses in US. Here the crisis became visible). The spreading of derivatives, - combinations of these loans, mortgages, bad/good stocks and more all over the world -, did the rest
	bankruptcy financial institutes, a short while ago they were among the cornerstones of the economy
	fall stock markets
	weak industry, like GM/Ford/Chrysler, many will lose their job
	banks hesitate to lend money: at this moment the crisis affects the 'normal economy', our day to day life, shopping, buying things like houses, cars
	housing markets in many countries are collapsing
	huge amounts of money needed to save industries, trillions of dollars
	low confidence of citizens/banks/companies in the near future
	low confidence of citizens in business leaders, like CEO's CFO's

Not good indeed. Here you find links to several sites with all kind of information about this crisis. What we have to build ourselves is a way to overcome this crisis. Suggestions have to come from all over the world. Much will change, that's for sure.

Many information is available, here some interesting sites. Don't get sad when reading, let's prepare to take action!

Financial information