10 Eye-Opening Charts Depicting the Shocking State of the Economy Right Now
From the price of a Thanksgiving dinner to credit delinquency, understand what is going on and have topics for family dinners.
“Stop with the end-of-the-world porn”
This was a comment for one of my articles. It caught my eye.
Why would some of my articles be considered “end-of-the-world porn”?
I am not talking about the optimistic ones, like that about 5 countries that got stronger with all the turmoil of 2022, or the other explaining how a particular South American country defeated inflation.
But would my article from 7 months ago with economic predictions for the next 12 months (and most of the prognoses happened almost exactly as described so far) be considered doom porn?
Here is the thing: the difference between doom & gloom or happy & zappy only depends on your current side of the transaction balance.
Headline: Interest rates are soaring at a record pace.
Who is the reader? Are you loaded with credit card debt? In this case, I am writing doom porn.
Or are you a pensioner living on the return of post-fixed bonds? In this case, I bring good news.
In either case, I think that both profiles would benefit from concrete, factual information.
For this reason, I prepared this article. Maybe this is my most interesting piece of this year (at least, that’s what my beta-readers told me).
Below are 10 charts. Some are odd, yet they all show the world economy today. I’ll give a brief explanation of what the chart depicts and what I believe it represents.
While most charts concern the US, their signals are valid for most western nations, as I explained in this article on the reasons why 2023 looks like a bad year for the UK.