Wednesday, July 25, 2012

Multiple choice: Do you know what this is a picture of?

Is this a picture of:
  1. The height chart at the door of a 7-11 so that the police know how tall a thief is?
  2. A schematic of an expert ski slope in Aspen?
  3. A chart showing the decline in the amount of rain the midwest portion of the United States is receiving?
  4. The intra-day chart of Spain's 2-year sovereign debt that for the first-time ever traded above 7%? Not the 10-year, but the 2-year!
See the answer below.
It is of course Number 4 which is just another indication of how tenuous the financial condition of Spain really is when, even for just a short amount of time, investors demand over 7% for 2-year government paper!

Chart source

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