The financial crisis – flowchart
Posted by markharrison on January 10, 2009
US Firm, mint.com have put together a lovely graphic that explains how we got where we are.
Of course, back in December 2006, I started predicting a US housing crash, and as long ago as May 2005, I started writing about the risks of being a landlord. I massively underestimated how bad it would be, and missed the knock-on effects on the wider economy, but at least I wasn’t saying “House prices never fall” – quite the opposite!