The Shotgun Blog
Saturday, February 21, 2009
A visual explanation of the credit crisis
This attractive video, a thesis project of art student Jonathan Jarvis, provides an impressively clear explanation of the credit crisis, tracing it's origins in low interest rates through interwoven homeowners, mortgage markets, investors, and complex financial instruments.
Though the story it tells is quite accurate, the video doesn't attempt to put forward a full causal explanation linking together all the elements; if you're looking for a hint about the wherefores, keep your eye on the market-distorting effects of easy money and loose credit during the boom period:
Posted by Kalim Kassam on February 21, 2009 | Permalink
This is a very good video to share. I'll be embedding it at HearMyThunder.org as our video of the day. Thanks for sharing it!
Posted by: Gary | 2009-02-21 7:49:11 AM
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