Category: Economy

Credit crisis explained

Anyone who wants a thorough explanation of how the Credit of Crisis actually came about should watch this awesome video:
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. I was sad to reach the end of the video. Maybe they can eventually do a follow up that explains the government interference in the markets (bail outs etc.) and the politics and corruption that are fueling part of this crisis. The video was extremely non-partisan or judgmental. Everyone seemed to just do there job and wanted to make money. That this also led to outright greed and morally questionable behavior cannot be gotten from this video.
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21 February 2009 • Economy, FinanceComments (0)Permalink

Markets in turmoil: Positivist or Pessimist

image

For me, as a person with an more than average interest in economics and investing, these are exciting times. World food crisis, World energy crisis, Credit Crunch, The Second Great Depression, The end of the financial system, The End of the Dollar, etc. The media shower us with 'bad' news.

Are you a pessimist like me? Personally I believe that America will hit a very large and very deep recession that has actually been made even worse by current US politics. Is this the end of the World? No, not at all. The US, and the rest of the (western) world, will simply have some very lean years. Every day I am amazed at how easy it is for stock brokers and top-level financial people to ignore that enormous load of bad news that is raining down on them. I admire their positivism. However, I do not admire those greedy bastards who got us (and the US) in this mess. I do not admire the Bush administration for making it even worse (and for letting it happen). And most of all, I do not admire the fact that all those greedy (mis)managers are getting away with this: golden parachuting themselves into retirement. In the meantime, let us wait and see how American consumers get their quadruple whammy thumping at them. The party is over, people! Excellent analysis of the current state of the US economy: American Economy - The Long Hangover. Image comes from this article as well.

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25 April 2008 • Economy, InvestingComments (0)Permalink
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