Economic Graphs of 2011

[Sheilbh]

http://www.bbc.co.uk/news/in-pictures-16090055
I found these weirdly interesting.  The Kenneth Rogoff one gives me another reason to love the welfare state, social democratic post-war moment.

[MadImmortalMan]

Rogoff is a great source.


The first graph of interest rates before during and after the euro is a good demonstration of how interest rates are still historically really low. Even Greece is several points lower than it was in the 90s.

[Richard Hakluyt]

There are some excellent graphs in the selection, taken just by themselves they explain a lot about the bad situation we are in.

[Zanza]

The first graph of interest rates before during and after the euro is a good demonstration of how interest rates are still historically really low. Even Greece is several points lower than it was in the 90s.

As far as I can tell, the graph just shows the nominal interest rate, which doesn't say much. Greece had double digit inflation rates before the Euro, so their real interest rate was not very high, maybe 3-5%. Nowadays, they have a deflation and have to pay 12% interest, meaning their real interest rate is extremely high and completely unsustainable.