Monday, June 22, 2015

22/6/15: Greece v Great Depression


As every well-baked economist would know, there are many ways to pickle misery. Here's one novel jar from the Bloomberg (http://www.bloomberg.com/news/articles/2015-06-22/greece-is-in-a-worse-spot-than-america-was-in-1933):


The above shows Greek real GDP compared to the U.S.' at the same stage in the Great Depression.

Yeah, I know, Euro with all its promises of stability, prosperity, progress, peace, etc, etc, etc...

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