Three cheers for the blog at mint.com, that crafted a masterful flowchart of the current financial crisis. Not only is it simple to understand, but they also name the so-called “pundits” who said the crash could never happen. Check it out below:
The clarity of the complex root causes really comes to life in their graphic. Scientific minded leaders strive to communicate with this level of clarity. The Scientific Leader’s next book has a chapter by Andrew Abela on the evidence for communication, and using pictures and simple words is one major aspect of excellent leadership. Who else loves this graphic?
3 responses so far ↓
Debt Reduction Formula // November 21, 2008 at 9:26 am |
This chart is BRILLIANT! Definitely worth the time to examine.
I especially like the call-outs with quotes from so-called “experts” who said the crisis would never happen.
I just Stumbled this article and Dugg it, too.
Joseph Ratliff // November 25, 2008 at 9:10 am |
This hits the nail on the head, excellent. It’s funny how no one would believe me two years ago, when I was touting that the “bubble would burst, either just in real estate, or the whole economy.”
Then…to read all those “experts” saying all along that “this is still ok, that is still ok”…etc…
I wonder how the egg tastes there Alan Greenspan.
I am digging this, and linking back.
The Financial Crisis Flow Chart That Says It All // November 25, 2008 at 9:15 am |
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