Jonathan Jarvis has put together a super slick short and simple explanation of the current credit crisis. His goal? To give form to a complex situation like the credit crisis in order to quickly supply the essence of the situation to those unfamiliar and uninitiated.
As my friend Erik states, “Towards the end it gets a little inaccurate. For example, it never bothers to mention that throwing so many new homeowners on the scene is what pushed prices way way up and it blames the fall in prices on defaults and foreclosures, which isn’t entirely true. What it does do, though, is very clearly define all the pieces of the game, and it gets the story more or less right.”
The project was completed as part of his thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. If I was his professor, I’d be giving him an A.
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For more on his broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jdjarvis.com.
Via Neu