Vicious tells the story of partners Freddie and Stuart, who have lived together in a small central London flat for nearly 50 years. Constantly picking each other apart and holding on to petty slights for decades, Freddie and Stuart are always at each other s throats, cracking snide remarks aimed at the other's age, appearance and flaws. However, underneath their vicious, co-dependent fighting, they have a deep love for one another. Freddie and Stuart are often joined by feisty best friend Violet and Ash, their young, upstairs neighbor.
Runtime: 60 minutes
Vicious - Virtuous circle and vicious circle - Netflix
The terms virtuous circle and vicious circle (also referred to as virtuous cycle and vicious cycle) refer to complex chains of events that reinforce themselves through a feedback loop. A virtuous circle has favorable results, while a vicious circle has detrimental results. Both circles are complex chains of events with no tendency toward equilibrium (social, economic, ecological, etc.) - at least in the short run. Both systems of events have feedback loops in which each iteration of the cycle reinforces the previous one (positive feedback). These cycles will continue in the direction of their momentum until an external factor intervenes and breaks the cycle. A well-known example of a vicious circle in economics is hyperinflation.
Vicious - Vicious circles in the subprime mortgage crisis - Netflix
The contemporary subprime mortgage crisis is a complex group of vicious circles, both in its genesis and in its manifold outcomes, most notably the late 2000s recession. A specific example is the circle related to housing. As housing prices decline, more homeowners go “underwater”, when the market value of a home drops below the mortgage on it. This provides an incentive to walk away from the home, increasing defaults and foreclosures. This, in turn, lowers housing values further from over-supply, reinforcing the cycle. The foreclosures reduce the cash flowing into banks and the value of mortgage-backed securities (MBS) widely held by banks. Banks incur losses and require additional funds, also called “recapitalization”. If banks are not capitalized sufficiently to lend, economic activity slows and unemployment increases, which further increase the number of foreclosures. Economist Nouriel Roubini described the vicious circles within and across the housing market and financial markets during interviews with Charlie Rose in September and October 2008.
Vicious - References - Netflix