Thoughtful Chart of the Day

If true, this chart has dramatic implications for the longer term effects of global sovereign debt problems.

Common sized cuts in government spending would have dramatically different implications on possible future unemployment scenarios, with Europe and even China looking to be in a more precarious position than the US if sovereign funding dries up.

One can certainly see the roots of a possible future that rhymes earily with the western European economic ills that lead to WWII.

It’s certainly a long way from here, but time has a way of moving quickly.


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