As I was working on Bailout Nation, I struggled to find a way to communicate the myriad forces that combined to cause the collapse. The book details the many elements involved, but I wanted a visual way to depict what I took 20 chapters to explain.
I had long been a fan of Wall Stats — the great site that Jess Bachman runs. Over the course of a few days, I described the various factors and how they interact.
Jess took what I described, and turned it into a terrific graphic that goes a long way to explain what happened (credit the bomb to Mrs Big Picture).
It became the centerfold of the book, running just before Part IV (Bailout Nation).
I don’t think any other graphic has so cleanly depicted the factors that led to the crisis developed . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.