Got a tip from Paul Krugman’s blog on Big 5 crises compared to the current US Financial Credit Crunch Sub Prime Mortgage crisis in the United States. Paul states at the end of his post:
”…If they’re worried, you should be too.”
The findings come from a paper co-authored by Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University, titled Is the 2007 U.S. Sub-Prime Financial Crisis So Different?. The conclusion of the paper says:
“..Given the severity of most crisis indicators in the run-up to its 2007 financial crisis, the United States should consider itself quite fortunate if its downturn ends up being a relatively short and mild one.”
It’s increasingly clear to me, as a Web Analyst, the Economics Analysis and Web Analytics are very similar in data events are represented - similar skills and approaches are common.
The next President is going to have a real mess to deal with - the analytics clearly show this. It’s also pointed out that Public Debt in the US is much worse than shown if Private Debt (Credit Cards, etc) are added.
The Five previous crises being compared to the current US crises are
- Japan (1992)
- Spain (1977)
- Norway (1987)
- Finland (1991)
- Sweden (1991)
“…Of course, none of these are identical to the present 2008 USA, economically, culturally, or politically. However, when one takes a closer look, some of the major parallels are a cause for concern.”
Real Housing Prices
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Current Account Balance/GDP Ratio
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Public Debt
