Posts Tagged ‘subprime’

It Seemed Like a Good Idea at the Time … Then 2008 Rolls Around

Monday, March 17th, 2008

Laura Stanton had a great illustration in The Washington Post on Friday. In cartoon form, it explains the current economic turmoil. This accompanied a business story by Neil Irwin: Retail sales plummeting. The dollar at a new low against other world currencies. A 60 percent jump in U.S. home foreclosures. A major investment fund going kaput. This is what a reordering of the world economy looks like in real time. Read more there…

laura leverage cartoon