Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
Saturday, June 20, 2009
206 years versus 12 months
A nice chart on the sheer magnitude of government bailout during this financial crisis ---206 years versus 12 months. Total cost: ~$15 trillion and counting . . .
(click to enlarge; graph courtesy of Big Picture)
Note: I am not sure the graph has taken inflation into account. But in any case, the current government bailout is enormous.
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