What’s it all about, Wolfie?

I do recommend a pair of videos by Martin Wolf of the FT (you may need to scroll down to find them). ‘The long road to ruin’ (Feb 16) explains how we got here, and ‘The slow path to recovery’ (Feb 17) explains where we go next.

Unsurprisingly, the latter is more speculative, but both videos (about 6 minutes each) are very lucid, explaining the economic situation intelligently without jargon or gimmicks. ‘The long road to ruin’ is possibly even better (tongue firmly in cheek) than my own ‘The global credit crunch explained in words of one syllable’ - which certainly avoids jargon as well, but is by its nature somewhat gimmicky.