Saturday, October 11, 2008

The Financial Crisis, as Explained to My Fourteen-Year-Old Sister

The Financial Crisis, as Explained to My Fourteen-Year-Old Sister is an article on The Bygone Bureau by economist and Magic-the-Gathering-nerd, Kevin Nguyen.

The Bygone Bureau is a journal of modern thought, specializing in travel writing and cultural criticism.

The article is wonderfully brief, wonderfully whimsical, and wonderfully explanatory.

It doesn't quite explain why the Dow "declined 128 points today to 8451.19, capping the worst week in its 112-year history with its most volatile day ever." But it is (slightly) less depressing than that Wall Street Journal quote. Enjoy!

(From JenK)

No comments: