Friday, February 20, 2009

Credit Crisis

Here's a 10 minute visualization of the credit crisis. It's not closely related to the topics we're studying, but still worth watching:



The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

17 comments:

John Y. said...

thanks Mr.P that was very simplified and easy to understand. What a mess! I wish I had a lot of money to invest right now. Imagine the deals I could get on houses! Than when the market goes back up I would be a rich guy.

maryn said...

I liked this video. It was simple to follow and my teanagers were even interested in it. My favorite part was the heart beat and then the bomb going boom.

maryn said...

Wow that was interesting to watch. My two highschoolers even watched it with me. I liked the heart beat and then the bomb went boom.

Eric Manzo said...

This was a very good video. It makes it easier for people to understand whats going on in today's economy by breaking it down. There is a lesson to learn to greed can only cause problems not necessarily from honest people who want to invest for their future. It is mostly big corporations wanting to make more money.

scott said...

buy buy buy, just make sure you do it with your own money, take your 90 thousand dollars from underneath your pillow and buy a house.

Brianna said...

video was great. simple and to the point. maybe it should be shown on the news or as a commercial, so that all of America will understand. maybe it would help save us!

LindsyM. said...

I liked the video. It was cute. It really made it easy to understand. That's pretty screwed up the way the system works though. He makes it sound easy to get rich.

dianna.l.beaulaurier said...

I am posting this on my myspace.

dianna.l.beaulaurier said...

I just posted on myspace and hopefully more people will be educated about this crisis that people brought on to our entire country just for money and greed. I am disgusted...

kristine.a.lefors said...

a while back right after the market crashed there was a person who was on Oprah who did a really good job on how and why the market crashed it was really good,and easy to follow, understand, and comprehend.

Barry W. said...

john.. u are truely an amazing writer.. i think peters grades you hardest cuz he knows how good u can be.. keep ur head up

Dave said...

It amazes me the amount of clout a credit company can wield without having any tangible assets.

Jaime said...

This was a very interesting video, since it was so easy to follow I was able to understand more about the economy then i knew before. We have gotten to be so greedy and demanding that it has caused us more problems then we can handle. Something needs to change.

publius said...

Well done. I have to say though I don’t think that it is all about greed. Clearly this was a factor, but it was not the only factor. If you are a company, and you see the company next door making a bunch of money on a new idea, your company might not be around tomorrow if you don’t find a way to stay competitive. Also, many of these lenders were under pressure from the government to lend to a broader range of buyers in the name of social equality. While this seemed like a good idea at a time when housing prices were skyrocketing, confidence in the upward movement of the market far exceeded reality. Before the crash, I don’t know how many times I heard people say that housing was a sure thing investment, and that prices will just keep going up. Maybe this was a good reality check for us. Not that we’ll remember this 20 years from now when everything is going up again.
-Matthew

Dianna said...

Kinda like what happened during the great depression/war and we obviously learn from our mistakes because we are repeating the past! Like that saying, "People never change", well we didnt.

tonya said...

this video really helps put how our economy is going right now. it really breaks it all down

tonya said...

hey my 13yr old brother understood, now thats something. he watched it twice though, does that still count