Debtris
Sometimes, things need to be put into perspective, since our ability to intuit the relative size of very large numbers is generally quite poor.
Video by Information is beautiful. H/T Jeremy, who has also posted a US version.
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Genocide
5 weeks ago
3 comments:
That was very helpful - thank you
Daily Telegraph on Oz personal debt: "According to the Reserve Bank, Australians have added almost $220 billion to household debt levels since the beginning of 2008, taking our borrowings to a record $1.3 trillion. [...] Economists are forecasting three 0.25 per cent rate hikes for 2011, taking the typical mortgage rate to 8.55 per cent."
NYT: States going bankrupt.
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