Confused by economics? Then you may enjoy this humorous video by Yoram Bauman, The Stand-Up Economist.
"Chimerica" describes the combination of the Chinese and America economies, which when the term was coined had become the driver of the global economy. In an article in The Weekend Australian over the weekend (21-22 November 2009) authors Niall Ferguson and Moritz Schularick discuss how the past structure of this relationship needs to die a … Continue reading Death Throes of the Monster Chimerica
For those still a little bit baffled by how the credit crisis started and then snowballed I recommend you spend 11 minutes watching this video. The concepts are very simply explained including: leverage, collaterised debt obligation and sub-prime. The knowledge will help you become a better investor in the future so that you can better understand … Continue reading The credit crisis explained visually