Category: Financial Crisis
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Still Suffering from the Bush Economy
The Labor Department announced today that 651,000 new unemployment claims were filed in February, raising the national unemployment rate to 8.1%. Unemployment has been on a steady rise since December of 2006. The stock market has lost 53% of it’s value since peaking at over 14000 in October of 2007. The FDIC reports that 43…
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Well, That Explains That!
(h/t Polar Donkey) This lays out the credit crisis about as well as anything I’ve seen, but still doesn’t show a solution, which is what I was looking for. Enjoy! The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.