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-Keith Pelczarski
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Stop the ride, I want to get off
Here's the roller coaster that we're currently riding:
U.S. Home Prices Adjusted for Inflation 1890-2007
um... whee? Here's how the stock market roller coaster compares to past bear markets.
We've been hearing an awful lot about the bursting sub-prime mortgage bubble and the accompanying worldwide financial fallout. I imagine that by this point you either know a lot about what's going on, or have your head well buried in the sand, but in case you'd like to learn more, I'd recommend The Money Meltdown as a great source for background and news.
If you're like me, though, you'd probably rather watch another video. Here's a great one about the fundamental nature of lending and currency creation entitled Money as Debt:
This American Life on NPR connects the dots on the credit crisis with an interesting piece called "The Giant Pool of Money."
Now if you'll excuse me, I've got to go find a hole in the sand.
:: Keith 22:49 [link] :: ::