Huffpost Business

Econ 101: Credit Crunch For Dummies

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Is your head spinning these days trying follow what is going on with the economy?

Subprime. Collateralized Debt Obligations. Liquidity.

Every day it seems as if these words -- which nobody you knew was using just a few months ago -- are being thrown around.

The stock market is down. Government officials are scrambling to find ways to help the economy. And a lot of people are talking about a recession.

So what does it all mean? And how did this all begin, especially when just a few years ago the economy was booming thanks to the red-hot real estate market?

Well, that's where the problem starts.

Keep Reading....

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See if there's anything else you ever wanted to know about the credit crisis (but were afraid to ask)