After Burberry issued a stock warning yesterday, the fashion company’s share price was down no less than a whopping 18 per cent this morning.
Why? The Financial Times blames the slowdown in China. And something else:
Posted in: Infographic of the day, News | Leave a Comment“China effect or global tartan saturation? We can’t help thinking its probably a bit of both.”
This chart shows GDP growth in the BRIC countries has slowed, hit by the Euro debt crisis and domestic problems.
Thanks to our friends at Business Insider for this informative chart.
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This chart shows US household debt’s relationship to US GDP.
As you can see US household debt is down. According to Nobel prize winning economist Paul Krugman:
Posted in: Infographic of the day, News | Leave a Comment“If you believe that excessive household debt was at the core of the [recession]… there’s a pretty good case that the stage has been set for a much stronger recovery over the next few years.”
Greece just announced June unemployment of 24.4%.
Thanks to our friends at Business Insider for the rather sad chart.
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This is what the US recession looks like, in chart form. (The shaded area denotes the 2008 recession.)
As you can see, the recovery has been slow and unemployment (as a ratio of population) has not caught up.
This chart, which compares the GDP of the US and the UK since 2007, suggests there is nothing inevitable about the UK’s continued slump, which has now lasted longer than the depression of the 1930s.
George Osbourne’s austerity measures have led to a double dip recession. According to Nobel prize winning economist Paul Krugman:
“Instead of a real policy rethink, what Cameron and Osborne apparently have in mind is
rearranging the deck chairs on the Titanica set of basically minor twiddles involving credit and planning authorizations, which seem highly unlikely to make any significant difference.”
Is this why Chancellor Osbourne was booed at the paraolympics last night?
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Do cuts in income tax lead to growth? Not according to this chart of US income tax and GDP.
Source: Business Insider
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