The current credit crisis is complex. I don’t know how many articles I’ve read, news reports I’ve watched or radio programs I’ve listened to about the various aspects of the financial situation the world finds itself in. And I still find it somewhere between mind boggling and nauseating. But I’ve found a good video which explains the situation in a simple, graphic way. “The Crisis of Credit Visualized” manages to summarize the whole ugly train wreck in just seven and a half minutes. Trust me, the time flies right by and you’ll feel much better informed around the water cooler on Monday or at the next cocktail party.
P.S. If you can, click on the “Watch in HD” tab at the top of the screen.
Friday, February 20, 2009
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