Yikes!
Scary Charts
This Graph Is Disastrous for Print and Great for Facebook—or the Opposite!
The Benefits Of A College Education
As the following graphic from IBD demonstrates, for the first time in history, a majority of jobless workers over 25 have attended some college, and now outnumber those without a job who simply have a high school diploma or less. But at least those in the fomer category have tens of thousands of non-dischargeable debt to show for it.
via The Benefits Of A College Education | ZeroHedge.
One of the scariest charts I’ve seen.
This is what you get when a society allows financial oligarchs to take over the economy and rape and pillage at will with zero repercussions.
Scary Charts – Labor Force Participation At Lowest Since 1984
The NFP report confirms the picture we have all known to grow and love – the people “entering” the labor force are temp workers, those with marginal job skills, and making the lowest wages. For everyone else: better luck elsewhere: the number of people not in the labor force has soared by 7.5 million since January 2007, and the average duration of unemployment is 40.8 weeks – essentially in line with last month’s record 40.9. Bottom line – if you are out of a job, you are out of a job unless you are willing to trade down to an entry level “temp-like” position with virtually no benefits or job security.
Click the link for the charts. In prior posts I’ve reproduced Scary Charts on my website. For these charts I’d like my readers to go to the source, especially if you have never read Zero Hedge.
I spend a lot of my “free” time catching up on the news. Saturday mornings are my favorite time to catch up on news, think, and reflect. We all need time to think deeply.
Scary Chart of the Day 10.21.11
Economist’s View: “First Look at US Pay Data, It’s Awful”
The median paycheck — half made more, half less — fell again in 2010, down 1.2 percent to $26,364. That works out to $507 a week, the lowest level, after adjusting for inflation, since 1999.
A VERY Scary Chart
I had gotten away from posting Scary Charts. There were just too many to pick from. But when I came across this graphic, well I just had to post it.Scary Chart of the Day – 9/15/11
EconomPic: The Evolution of Food Consumption
While not a surprise, this is rather concerning. I recently outlined that bottom earners have been earning less for the better part of the past 15+ years and it looks like it may be actually impacting the dietary habits of Americans (i.e. eating less [unlikely] or eating cheap / unhealthy food [likely]).
The crossover point in 1999-2000 is what fascinates me.
I was relaxing, catching up with the news when I realized I hadn’t posted a Scary Chart in quite some time. Then, I saw this chart. The quote above is from the author of the chart, not me. Interesting, eh?Thought for Today – 7/31/11
Dani Rodrik’s weblog: The great divergence, the other way around
Dani Rodrik’s weblog: Will the divergence in growth result in eventual convergence in incomes?
Dani Rodrik, Professor of International Political Economy at Harvard University, is the author of The Globalization Paradox: Democracy and the Future of the World Economy. HT to Mark Thoma at his blog Economist’s View.
I have no further comment on this topic because there is a lot to think about here.
Down 33% Since 2006 (no Scary Chart)
Case-Shiller: Current Slump in US Housing Market Worse Than Great Depression
No scary chart needed for this awful number.
What Bubble?
Tracking Suspiciously Explosive Market Growth — New York Magazine
HT Tadas Viskanta at Abnormal Returns. Go to the original article for your Scary Chart of Bubbles.
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