world newspaper congress 11: session finance, michael von liechtenstein
TRANSCRIPT
63rd WORLD NEWSPAPER CONGRESS
Session: FinanceSpeaker: Prince Michael von und zu Liechtenstein
Vienna, Reed Messe Wien
Mark your calendar
64th WORLD NEWSPAPER CONGRESS19th WORLD EDITORS FORUM
www.wan-ifra.org/kiev2012
13th October 20111
13th October 2011Slide 1
63rd World Newspaper CongressVienna
Prince Michael von und zu LiechtensteinChairman of Geopolitical Information Services AG, Vaduz Chairman of Industrie- und Finanzkontor Etabl., Vaduz
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13th October 2011Slide 2
Sovereign Debt
Cyclical Deficit versus Structural Deficit Non-sustainable Spending versus Revenues
of an Economy
# It is not a cyclical recession but a structural recession!
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13th October 2011Slide 3
Policy of «easy money»
FED Policy to support the Economy Exaggerated Credits Exaggerated Lending Exaggerated Spending
# Result: the Sub-Prime Crisis!
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Result of «easy money» - 1
Origin: SPIEGEL 34/2011, page 60.
Trillion
Trillion
Trillion
Trillion
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Result of «easy money» - 2 Proportion of the US-Financial Sector…
… in economic performances of companies
… in coporate profits
1948 1st quarter
2011 1st quarter
Origin: SPIEGEL 34/2011, page 62.
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13th October 2011Slide 6
Current situation
Distortion of Politics and Markets € - Crisis Economic Crisis Financial Crisis Crisis of Political Structure
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What can be done: Solutions to the problems?
On the Macro Level? For Businesses: How to adapt, survive and
prosper?