This Is What A Housing Boom Gone Bust And An Economy Gone Terribly Wrong Looks Like

This video from does a fantastic job at displaying the complexities of what it going on in Spain.

We all know about what happens when a housing bubble bursts, but one on the scale of Spain’s needs to be seen to be believed. Adding to that the unemployment crisis and the impact of austerity measures and this video does a fantastic jobs of skewering the any confidence remaining in the European system right now.

Note: There is a touch of anti-Mediterranean racism in here, as mentioned by Edward Harrison. But, nevertheless, it is worth viewing. (via Edward Harrison):

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at