Thursday, 9 October 2008

Financial crisis explained with lines

Confused about the financial crisis? Never fear, this slideshow is much more authoritative then anything I've seen so far (warning, contains rude words).

Of course this is just a small glitch compared to the problems the global economy is beginning to face due to more and more scarce resources. Could the price of oil have helped to start this financial crisis (even though it was pretty inevitable by the sounds of things)? And, as the Green Party has been saying, we need to use the lowered prices of oil, caused by recessions, as a window of opportunity to invest in sustainable infrastructure, such as better public transport, so that we are insulated from the next, inevitable rise.

It's funny how now that financial markets are plummeting, everyone's forgotten about the record high oil prices earlier this year.