The following is a simple and clear explanation of the credit crisis in the shape of a visual guide. Jonathan Jarvis walks you through every step of the problem, from sub-prime mortgages to the economic recession end state.
Says Kalim Kassam:
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.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
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