Over at Vimeo, Jonathan Jarvis has created a ten-minute film that offers an overview of the credit crisis. If you've been struggling to understand what went wrong with the American economy, this will give you some of the basics:
If you'd like more information, I encourage you to carve out time to listen to two radio broadcasts, both from NPR's This American Life:
- “The Giant Pool of Money” explains how the housing bubble was created by a chain of people who thought the old rules of money no longer applied.
- “Another Frightening Show About the Economy” takes a deeper look at the developing credit crisis.
Author: J.D. Roth
In 2006, J.D. founded Get Rich Slowly to document his quest to get out of debt. Over time, he learned how to save and how to invest. Today, he's managed to reach early retirement! He wants to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you reach your goals.