RV: Your Sovereign Debt Lives At Home With Its Mom

Vía LOLfed.

From the department of “does correlation equal causation?” we find this absolutely fascinating chart via FreeExchange:

To paraphrase Kanye, I ain’t sayin’ I’m a golddigger, but I ain’t messin’ with no broke sovereigns. Would also like to see a chart of how many nations’ leaders leave the G20 conference and drive off in a Hyundai because I probably wouldn’t invest in their debt either.

Obviously the fact that this is presented with no explanation ups the amusement factor. I’ll leave it up for debate whether:

– countries where noone wants to move out of their parents’ digs until they are in their 30s or 40s are reflective of laziness and lack of ambition
– this also correlates to high unemployment and is one of many warning signs an economy is aboard the failboat
– living at home is characteristic of mediterranean culture and so this whole chart is just a co-inky-dink
– I’d have my best shot as a cougar in Greece


h/t @dutch_book on the twitters for the link!




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