JRE Keeps You Entertained All Weekend

On Monday, I walked into work, watched everything implode, and said “We’ll never see another day like this ever again”.

On Wednesday, I walked into work, watched everything implode even more spectacularly, and said “We’ll never see another day like this ever again”.

Today, I walked into work, watched everything utterly disintegrate, and said “We’ll never see another day like this ever again”.

If all of this implosion and disintegration and rampant hyperbole has left you needing a drink, you’re not alone. Here’s a great explanation of CDOs, one of the primary causes of the original mortgage market crash that set off all of these shenanigans, in terms we can all understand.

Update: in a similar vein, the financial crisis explained using Pokemon cards.

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