A Quote by Barack Obama

There was a time when if you had a financial crisis in Southeast Asia somewhere, it had no impact on our markets. Today it does. — © Barack Obama
There was a time when if you had a financial crisis in Southeast Asia somewhere, it had no impact on our markets. Today it does.
Upon graduation, believe it or not, I had no job. I had no interviews. I had no prospects. I had no worries. What I did have, I had passion. I had enormous passion. I had passion for financial markets. I had fallen in love with financial markets.
If the Asian financial crisis had the impact of accelerating China's rise, the transatlantic financial crisis has had the effect of accelerating Germany's rise.
We are addressing duplication and complexity. At the same time, we are investing more in research and development, speeding up the time to market of new innovations, and expanding our sales force in markets where growth is to be found, like Turkey, Russia, the Mideast, China, and southeast Asia.
We were taking the black young men who had been crippled by our society and sending them eight thousand miles away to guarantee liberties in Southeast Asia which they had not found in southwest Georgia and East Harlem.
Taxing financial markets, promoting research and development, and mobilising investments: that means learning our lessons from the financial market crisis and changing our focus.
Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
Some things never change - there will be another crisis, and its impact will be felt by the financial markets.
I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.
You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.
On the unofficial level it was a glorious moment in our national life because young people decided that this had to stop, that they could no longer stand the shedding of blood in this tragic adventure in Southeast Asia.
I think that all of the cyber attacks that are taking place, but particularly this - the Russian one, had a profound impact on the American system, on our political process, on our - it invaded the space of our election. The releasing on a regular basis of one party's stolen emails had an impact, and I think that other things also had an impact.
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
Perhaps the strongest signal of reengagement with Southeast Asia was the U.S.'s accession to the Southeast Asian Treaty of Amity and Cooperation.
The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.
The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.
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