My Dad is an economist. And he is fed up with the crappy analogies and models for the Financial Crisis. So he came up with one of his own to explain the situation to me:
"I got one:
It's like your cardio-vascular system: a hedge fund has just plunged a knife into your carotid artery and now investors are stomping on your abdomen forcing the blood out faster and the Fed is trying to apply pressure while Bush nicely tells the investors to just calm down and stop jumping up and down but because you are anemic due to sub prime mortgage debt you cannot clot.
Is this working for you?"
It's actually a really good analogy, in my humble opinion.
I love my Dad.
10 October 2008
Metaphorical Crisis
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1 comment:
I particularly like my friend Kevin's explanation to his younger sister.
http://bygonebureau.com/2008/10/01/the-financial-crisis-as-explained-to-my-fourteen-year-old-sister/
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