23
Feb
Over the past few months friends, family members and business associates have asked me – what caused the global credit crisis?
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
I recently came across the above video, which does a much better job of explaining how the global credit crisis arose than I ever could.
Of course what it all boils down to at the end of the day was that a lot of easy money went into creating dodgy financial products that seemed to good to be true, oh, because they were.
Well, we’re all now paying for it, though everyone seems to be forgetting that the boom was good while it lasted, even if what underpinned by a house of cards.
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