Sunday, March 1, 2009

The Financial Crisis - What is it really?

We've been hearing of this Financial Crisis for a few months now. We've heard of banks going bankrupt, people loosing jobs and so on. We've also heard about the whole financial system falling down and the notion of this been a vicious cycle. How did the world get into this mess?

Here are a couple of great presentations by Jonathan Jarvis, that explains this using visuals. Its a great resource for people like me who do not understand this financial jargon.

The Crisis of Credit Visualized - Part 1

The Crisis of Credit Visualized - Part 2