The Financial Crisis Diagram
If you’re like most people, you don’t really know what’s going on with the economy. You know there’s something to do with loans and payments and what not, but not much else. Mint (the financial management app) and Wallstats (the guy who does the Death and Taxes poster) put together a “visual guide to the financial crisis” – or a flow chart, rather – to clear up some of those cloudy details. It goes back to 2003 after the dot-com crash up to the recent government bailout.
Diagram Source: blog.mint.com wallstats.com
December 29, 2008 @ 11:06 am
thats ok but,you forgot one thing…it,s the part that broke the whole world…people got way to far in debt just like your showing but,and it,s not what killed the whole world.
GREEDY OIL COMPANYS AND GREEDY INVESTORS BUYING OIL tested the market for several years then they got enough nerve to just keep raising gas prices until we couldn,t afford our payments anymore.yet,we had to pay whatever the gas price at the pump was…of all the things we need gas is at the very top..without gas in your car you can,t go to work,go to the store for food,ect,ect,ect.
the only problem the gas companys/oil investors overlooked was..ya,we keep on buying gas nomatter the price..but,we stopping making the house payments,stopped going for those joy rides,stopped buying stuff at wal-mart,took away from our family to keep gas in the car..
i think gas/oil investors should be bailing us out now..not the goverment… that equals us the bailing ourselfs out..is that the answer??