The scary chart thread


I disagree with their use of “real exchange rate” when they actually mean the labour rate. But in any case, if a country is on the top of the graph that means that their labour rates increase relative to the EU average. If a country is on the right then they have exported more than the European average.

Ireland had good exports and big labour cost increases. Germany had good exports and big labour cost decreases. Italy has had the ignomy of being the worst exporter and the third highest increase in labour costs.


**Eurozone debt web: Who owes what to whom?
** Great Graphic.

Our Foreign Debt per person is 390,969euro each!


Eurozone: A Debt crisis, or a crisis caused by debt?


Container Movements in the 2 largest US Container Ports

Then there is the Airfreight side. From 22nd March 2012 … ook-2012-3

#405 … 7-Apr2011/


Thanks for posting that Needle a good graph can be better than a thousand words


Spain finding it hard to ignore the elephant


From the IMF … asy-steps/ … f/text.pdf


Negative feedback occurs when information about a gap between the actual value and a reference value of a system parameter is used to reduce the gap.[1] Changes that move a value away from the reference value are attenuated. If a system has overall a high degree of negative feedback, then the system will tend to be stable*


China’s new housing starts turn negative … -negative/

maybe they are running out of chinese :mrgreen:


Insane in Spain
Why would you bail these banks out? … ilout-now/



McWilliams was just on Radio 4 talking to John Humphries about this very thing. He says that the EU is spending more money every time the EZ crisis peaks, in order to buy less time each time, if that makes sense - I can’t remember his exact words. He described it as renting, rather than earning stability - but that the crisis eases for a shorter time with each response.


Full article in Der Spiegel: … 40634.html


Chances are, we’ll see a similar decline either way!
The Euro isn’t the cause, but it does kill the ability of the weaker countries to recover.


The euro is the cause. It was flawed from the outset.


Yes the Euro is flawed, but the decline is caused by global issues rather than regional issues.


[On closer inspection, data was hopelessly out of date]


(Takes about 3 minutes to observe the major changes)

Chart of the day, HFT edition - Felix Salmon -> `


Can you explain what the above post is.