The credit crunch in a single slide

Jeffrey Frankel, an economist at Harvard, has an excellent weblog. He also has a knack for the one-liners, as evidenced by the fact that Paul Krugman just confessed to borrowing one of his quotes, which then ended up as a quote-of-the-year. And now, to top if off, Frankel has managed to boil the financial crisis down to one slide. Here it is:



Nice touch in the bottom right hand corner. [Thanks for the tip, Noah!].