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March 20, 2008 - 10:01am

I had to share this with you guys. I know you will appreciate this analogy.

Credit Crisis For Kindergarteners

David Leonhardt notes that it's pretty hard to explain what's going on in the financial world these days (ht Felix). Here's how I'd tell the tale to a child:

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BTW, did anyone catch last

BTW, did anyone catch last night's Daily Show. The economic analysis about whether we are in recession is hysterical. Here is the link:

Stewart Translates Bush's Economic Jargon Into Layman's Terms

Scroll down to the bottom to the 2nd video for the best analysis of our state of economic affairs. I like this part:

words matter john. when people find out their homes are being foreclosed, typically, they are very sad...but if you, tell them they are going camping (long pause, audience laughs)

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