As if yesterday’s doom and gloom from Fed Chairman Ben Bernanke wasn’t enough to get you down, a pair of charts from JPMorgan may put you in a permanent state of pessimism.
From Michael Cembalest of JPMorgan, via Paul Kedrosky:
The unfunded entitlements on the U.S. are simply staggering, over $60 trillion according to Cembalest’s report. It makes Europe look positively austere (though the size of their economies are smaller, they still appear to be in better shape).
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