It's been a while since I last posted. Things are going well for Michelle and I, but not so good for a lot of people out there. We've all read the news and heard stories about friends, family and acquaintances running into hard financial times. Just a couple years ago everyone was talking about how much value there house had gone up. Things have changed a ton. Today there are foreclosures signs all over. So what the hell happened? Listening to the news sometimes makes you feel like you have to have a degree in economics to understand. That's where this interesting video comes into the picture. Check it out. It's a bit long (about 11 minutes), but it's worth a viewing. It explains, in an entertaining and interesting way, how this all came about. It makes sense. I know it's not the whole story, but it's a pretty important part of it.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
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