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Finance 101

The economy is supposedly in crisis. Thankfully, I work in the cosseted world of fashion and luxury, where things like "recession" don't register. Also, I don't read the front of the paper - just the shiny magazines in the middle - so I only worry about how fat I am, and whether soft-liposuction is a good investment - rather than, say, starving children or declining house prices.

But people will not SHUT UP about this current economic "crisis". So much so that even I am starting to get worried. Problem is, I don't get it. T's dad - ex-banker and investor-extrodinaire - forwarded us this handy cartoon so we could keep up with popular dialogue.

Problem is, even with the cute cartoons and simple language, I still don't get it. What I do get is that if the economy collapses, only the very rich and the hedgefunds guys will survive in a sort of super-class.

Which is why my new financial plan is to only date rich guys and hedgies (okay, fine, it isn't a NEW plan, but now I'm really sticking to it).

And if anyone thinks they can explain the current Subprime-mortgage-whatever - in girl language - feel free to drop me a line.

Subprime 101 (Powerpoint slideshow)

by EC
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