What is this credit crisis ?

Being an engineer, one thing I understand about the 'credit crisis' is that it has become very difficult to find a decent job thesedays. I sincerely hope that the situation would be better in a few months, when I graduate with my Masters degree ..

One of my friends send me the following links in youtube. It is a very interesting but simple explanation of whats going on..

It is also a very well composed presentation :). It is a part of a thesis by a guy named Jonathan Jarvis. Well done buddy. Keep'em coming.