23 February, 2009

And, now what?

This video does well to describe how the present economical crisis occurred in the US . Hopefully, Jonathan Jarvis will make another video soon describing how we can get out of this mess.


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Even though the economic crisis exists globally, I am not sure the spiralling effect occurred in every country the same way. I have a feeling it also occurred through inter dependencies and poor business practices between lending institutions.

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