Economic Charts

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Sunday, August 1, 2010

Understanding the Financial Crisis Video

This is a great video that explains very simply a very large aspect of this current financial crisis.  As we are discovering, it is just a component of a larger picture though.  The government has been spending too much money for years which facilitated this issue as well.  We started this crisis over 20 years ago.  We just delayed what should have occurred back in 2000 by lowering interest rates to near zero and adding stimulus to jumpstart the economy.

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