Saturday, February 21, 2009

Credit Crisis Visualized...

The following videos explain quite a lot of things in a nice visualization. Tad simplified, but correct. Both Part 1 and Part 2 are embedded below (together they run for approx. 10 min.). If you want a more detailed explanation Chris Martenson has a Crash Course (a few hours). If you want a rigorous and academic version, Prof. Steve Keen's blog (of Uni. Western Sydney) is well worth reading and his research is also worth supporting.

Part 1:



Part 2:

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