Hutong School Business Lecture: Financial Crisis
This lecture purports that Wall Street and investment bankers are not the reason for today's financial crisis. Hutong School student, Fabian Grummes who was a founding member of the German Precious Metals Society and works as a commodities traders, gives the talk. A Q&A session follows. RMB50. Come at 6 for the social hour.
Updated 1 y, 7 m ago
Reasons and consequences of the financial crisis from an ethical point of view
Lecturer: Fabian Grummes Entrance Fee: 50 RMB/ person
Before the lecture coffee and sandwiches will be served. We will prepare some glühwein (gluvine) for after the lecture.
Please make your reservation at events@hutongschool.com (first come first serve)
Reasons & Consequences of the financial crisis from an ethical point of view
The Lecture The financial crisis is on everyone’s lips. The media are blaming “greedy” investment bankers for causing this “mother of all crises” (P.Volker – former chairman of the FED). In reaction to this crisis, politicians of all parties are calling for more market control and regulations, while companies are asking for big hand-outs and government intervention to avoid a serious recession.
But are these attempts of an explanation correct and can the consequences be averted by government intervention?
This lecture tries to show that there is actually one and only one true reason for the outbreak of today’s financial crisis and this reason lies in the past. And because of that reason along with the constraints of our economic system it is not possible to blame “greedy” investment banker for the crisis. We have to understand the structure of markets and after that we will be able to set new rules for markets, which will create more stability, beyond government’s interventions and handouts, which caused in the long term more serious consequences and pain than a recession.
