[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:
[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.