Friday, May 7, 2010

Chart Porn

Two amazing charts i've come across recently:

Europe's Web of Debt. This explains pretty powerfully why Greece, a relatively small country with a relatively small amount of debt, is threatening to collapse the whole house of cards. Short Story: Everyone owes money to everyone, so if one defaults and everyone else starts trying to settle up, it's game over folks!

The second chart on this page detailing the job situation in April 2009. Puts the relatively good numbers in today's job creation report in perspective. The employment situation is still really, really bad, even if the general situation is looking much better.

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