Monday, October 06, 2008

The Financial Crisis: Who Let the Dogs Out

THE DEAL.COM HAS THIS USEFUL illustration explaining at a high-level chain of events leading to the current US financial crisis. The editor chose to describe it as chain-of-fools:


TheDeal.com illustration of chain-of-events leading to the US Financial crisis.
[Above: TheDeal.com illustration of chain-of-events leading to the US Financial crisis.]


The TIME MAGAZINE for this week features "Depression 2.0" through the following front-page across all editions worldwide. As the cover-story, economist Niall Ferguson narrates why it may not happen:


A Black & White photo of depression-era soup line in the USA.
[Above: A B&W photo of depression-era Free soup line in the U.S. featuring as the cover page of 13 Oct 2008 issue of the Time mag.]


Update: Embedded this interesting video on the (simplified) explanation on "Crisis of Credit".


The Crisis of Credit Visualized from Jonathan Jarvis.


  • See also:
  • Related article: Sub-prime Crisis for Dummies.
  • Go here for WIRED.COM version of "economic explanations [of the crisis] even we could understand" targeted towards the techie community.
  • Go here for the complete story "Chain-of-fools" at TheDeal.com
  • Go here for the Time mag current issue (Oct 13, 2008) and a very interesting narration for the common man by economist Niall Ferguson.

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