Credit Crisis: How the housing bubble burst.
Credit Crisis, Housing Bubble (and bust), Economic downturn, potential “mild” depression. All terms floated around during this very certain recession. Unfortunately, it’s harder to understand the financial storm that brought us here, than the “ideas” spouting from the talking heads of how the economy will dig itself out of this hole.
Graphic Artist Jonathan Jarvis has created this animation explaining the run up to our current disaster, and it’s definitely worth a few minutes of viewing as the turn-by-turn animation is somehow easier to grasp than plain diagrams (shown previously here) or article snippets from the news outlets.
(Not pictured: animation of how we get out of this mess)
also, see more about this project here at it’s website, Crisisofcredit.com

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