(精选)商务英语阅读Unit 10 Economic Crisis课件.ppt

* * UNIT 10  Economic Crisis CONTENTS Teaching Aims Text A Text B Supplementary Reading TEACHING AIMS After studying this unit, you are required to 1. Have a general idea of the Economic Crisis . 2. Understand the influence of the US subprime mortgage crisis. 3. Master the difficult words and expressions. Text A US subprime mortgage crisis The failure of these companies has caused prices in the $6.5 trillion mortgage backed securities market to collapse, threatening broader impacts on the US housing market and economy as a whole. The crisis is ongoing and has received considerable attention from the US media and from lawmakers during the first half of 2007. TEXT A Preview TEXT A Reading Comprehension Read the following sentences and decide whether they are true（T) or false（F)． 1. The failure of these companies has caused prices in the $6.5 billion mortgage backed securities market to collapse, threatening broader impacts on the US housing market and economy as a whole.( ) F 2. Tranches of sub-prime debts were repackaged by banks and trading houses into attractive-looking investment vehicles and securities that were snapped up by banks, traders and hedge funds on the US, European and Asian markets. Thus when the crisis hit the subprime mortgage industry, those who bought into the market suddenly found their investments near-valueless - or impossible to accurately value.( ) T TEXT A Reading Comprehension 3 Observers of the meltdown have cast blame widely. Some have highlighted the practices of subprime lenders and the lack of effective government oversight.( ) TEXT A Reading Comprehension T TEXT A Reading Comprehension 4 Many accounts of the crisis also highlight the role of falling home prices since 2006.( ) 5 Some economists, including Federal Reserve Board chairman Alan Greenspan in March 2007, expected subprime-mortgage defaults to cause problems for the e