Financial Turmoil Explained

For quite sometime now I have been trying to figure out how to explain the present global financial turmoil either through words and/or through simple schematics. I tried to put in words and paragraphs, here also, I ended confusing myself. Many times I have started to sketch it on a piece of paper but ended up in a chaotic diagram (not knowing where I started). In this process, I realized, it is probably damn confusing and chaotic. Therefore, nobody could figure out, or nobody could track it, or nobody could measure it, or nobody could quantify it, or nobody understood it from a systemic level. My personal opinion is folks in investment banking sector are among the smartest and brightest. It is just not possible that they did not see it coming. Folks just choose not to see it. Below is a very good informational piece in pictorial form. It is image which shows the schematic (much better than what I was doing) of the financial crisis. I hope you enjoy going over it. Great job by an unknown artist/educationist. I received it an email from my colleague.

Visual Guide to Financial Crisis

Visual Guide to Financial Crisis


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