Economic troubles, simply explained

I just finished listening to the clearest explanation of the current financial crisis I’ve heard yet. Ira Glass, on his radio show “This American Life“, takes the time to explain various financial products and how they’ve contributed to the major problems we’ve seen up to this point. If you’re concerned about the economy but aren’t exactly [...]

Economy: FAIL

Understanding the ins and outs of the United States economic woes of late isn’t exactly my strong suit. I get the basic concepts, but I’m not claiming to be much of an economic expert. This picture is definitely the best I’ve seen to date in describing the recent turmoil:

Yes, that is Treasury Secretary Henry [...]