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Surviving and Thriving in the New Order_MJCC_May 09

Surviving and Thriving in the New Order_MJCC_May 09

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Published by Mark Cameron
How companies will react in the new economic reality. Presented by Rob Cameron Principle partner at Cameron partners, Chairman of Working Three
How companies will react in the new economic reality. Presented by Rob Cameron Principle partner at Cameron partners, Chairman of Working Three

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Published by: Mark Cameron on May 26, 2009
Copyright:Attribution Non-commercial

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05/11/2014

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Surviving and Thriving in a Recession
Presentation to the Melbourne Junior Chamber of Commerce
May 2009
 
PAGE 2
Outline
2.A tectonic shift has occurred in the economic environment3.We have now entered a recession and the recovery will take time4.It is possible to survive and thrive in a recession5.Businesses will fail, survive and/or thrive depending on their exposure to the recession and how they respondto the changed environment6.There is a real opportunity to ‘leap frog’ competitors in a recession
Key messages
 
PAGE 3
A tectonic shift has occurred in the global economic environment
The global financial crisis is conforming to the anatomy of past crises but it involves unprecedented levels of leverage and ‘contagion’
It was preceded by several leverage-driven bubbles (residential housing, mortgages, corporate earnings). Thiswas the
‘mania’.
The crisis began in the US but shifted rapidly to other regions/markets – the
‘panic’
.
The speed and extent of change – the
‘crash’
– has been dramatic
Several commodity markets fell 71% from their peak
Baltic Dry Index fell 95% from peak to trough
World sharemarket indices fell dramatically. Peak to trough, the:S&P500 fell 57%;ASX200 54%;NZX50 43%
Volatility rose dramatically (718%)

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