International Business Association | General Meeting #5 Monday, October 20th 1 International Business Association | Agenda 1. Icebreaker & Happy Quarters 2. Market Updates 3. Club Updates & New Additions 4. Stock Market Game & Sporcle Quiz 5. Wrap-Up 2 Market Update | Global Growth & Interest Rates • On Wednesday, government-bond yields saw their largest decline in more than 5 years – 10-year Treasury yield fell as low as 1.873% – Lowest level in intraday trading since May 2013 – $777 bn worth of Treasury bonds changed hands by 2PM • Highest level for the time period in at least a decade – Global growth fears • • • IMF revised expectations that global economy will grow by 3.8% next year, down from July forecast of 4% Mainly due to European concerns specifically in Germany, France and Italy 38% chance that Europe will re-enter a recession in the next 6 months – Why did the 10-year Treasury Yield go down so much? – Do you think global growth issues are affecting the U.S.? – Do you think our economy is growing or stagnating? Treasurer Update | Fundraising Chair • • • • • • • Payal Saini Junior Risk Management major, Mathematics minor Joined IBA last semester Mentor for AASIA SPC Assc. Director of Education and Selection Committee • First generation Indian • Languages: Hindi and French PR Update | Club Liaison • Social Update | International Dinner Where: 329 E. Beaver Ave The Diplomat Room 604 When: 10/23; 7:30-9:30/10 THON Update | Kohl’s Grant • Stock Market Game | Introduction • • • • • We’re finally underway! – Thanks Vlad! Name: IBA Stock Trading Competition PW: IBA2014 Entrance is $5, sign up after the meeting! (see me) Demo de Vlad Sporcle Quiz | You Choose! • World Currency Match – Name the currency of 30 different countries – High difficulty • Highest GDP A-Z – Name the country with the highest GDP per capita for each letter of the alphabet – Low Difficulty VICE Documentary| Resource Curse • Video • Thoughts? International Business Association | Wrap-Up Final Notes - Start thinking about running for Exec Board positions * Must pay dues to be considered Next Meeting - Monday, 10/20 at 6 PM in 005 Business Building - Case Study #2 Connect With Us - Email: International.business.pennstate@gmail.com - Website: https://www.clubs.psu.edu/iba - Facebook: https://www.facebook.com/groups/240901915962407/ - LinkedIn: https://www.linkedin.com/groups?gid=4990570&trk=vsrp_groups_res_name&trkInfo=VSRP searchId%3A1464695501410746136464%2CVSRPtargetId%3A4990570%2CVSRPcmpt%3Aprimary 9/6/20 Apple Confidential - Strictly Need to Know