Sunday, March 01, 2009

What is this credit crisis? Explained in Simple English

Recession, economic crisis, job los, slow GDP growth, No tax cuts for job out sourcing companies and all that are the common terms that are going around in all the news channels and newspapers. And it all began with something called credit crisis.

So what is this credit crisis? What happened in the US that is now affecting everyone. I didn’t understood any of this until I saw this video.

Its an animation which explains the credit crisis in simple terms for the lay man.

Jonathan Jarvis sure did a good job and enlightened us on what is this credit crisis

 


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

If you are not able to see the Video, Please do click here

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