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.](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tdzcav0UT0D_upPZ01w51UP45RUSO-IroohZdfNt4NPIqvWd6LK1waFyOGFVPR-F02wjlSBvYiHd4Zwh9x_qho2I8qY-X7ha1U2XBs_1P08xFvJAUpWWLsTL6ebt-9AgEHPEmQRregXA=s0-d)
[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.](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vaVAB4h3kpvZUxoTh7_7cvmogzraAJiuPAjZPy2cpmvb2y4W0oVak0owT8SoOSu8cSzhjjV12b5BpgFPolmP4WMHos2AUnEW9r9kwniAS82hWXYbzKOUpC-cW4WFBQoQL-WKruLVl_d66zdeaCkQ=s0-d)
[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.
[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
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