Wednesday, January 15, 2014

The Eurozone’s Really Bad 2014, In Two Charts

"Headline writers have found some brutal things to say about the eurozone lately. To take just a few of the dozens of possible examples:
It goes on and on, through youth unemployment and political turmoil and every other kind of malaise short of major war. Meanwhile, the news in most of the rest of the world is, if not great, at least not horrendous. Here in the US headlines containing “despair” or “depression” are limited to pharmaceutical ads. And Japan, with its low interest rates and positive growth, seems to think it’s recovering (you have to admire their ability to compartmentalize, what with a nuclear plant melting down right in the middle of the country)..."

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