mortage

U.S. economy’s nose dive rooted in sub-prime mortage deals

Over the past few years, the economy has taken a wild course and dropped into a recession, what some economists call the worst since the Great Depression.

Although it is rather a complicated concept to understand why the economy went into a recession, there is an explanation.

Jonathon Jarvis, an interaction and media designer, managed to lay out the situation in his animated short film “The Crisis of Credit,” which can be found on YouTube.