You've all heard the terms being thrown around before: NINJA loans, CDO's, Credit Default Swaps, Sub-prime Mortgages... But there's a good chance you're still not 100% familiar with the ins and outs of the Credit Crisis, whose effects are still abundantly influencing our lives at this point, and possibly for quite a while to come. If that's the case, you should check out the following clip by Jonathan Jarvis.
Up to now, I haven't encountered any article, column or news reel which explained the mechanisms behind the crisis in such a simple, short yet inclusive and easy to grasp manner.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
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