Sunday, October 23, 2011

Global economy's external debt tangle

Excellent graphic in Times that captures the web of debt exposures among all major global economies. As the graphic shows, the consequences of a cascade of adverse events - defaults, contagion, credit contraction, and collapse of economic activity - can be potentially catastrophic.

(Click on the graphic to enlarge)

See also this interactive graphic.

Update 1 (24/12/2011)

An analysis of the age of debt.

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