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Created by:Alex Otis OtaAlex Otis Ota
{"id":397346,"type":0,"block_id":"1003059012_1354306641","theme_id":29,"user_id":148478,"path":"How-the-government-raped-the-economy","title":"How the government raped the economy","pubtitle":"How the government raped the economy","tags":"","public":true,"publicAccess":true,"private_link_enabled":0,"thumb":"https://s3-eu-west-1.amazonaws.com/infogram-thumbs-200/1003059012_1354306641.jpg","width":550,"copyright":null,"properties":{"transparent":false,"rtl":false,"export_settings":{"showGrid":true,"showValues":true},"whitelabel":false,"embed_button":"enabled","title_link":"infogram","custom_logo":"infogram","custom_link_url":"","embed_button_text":"Share","decimal_separator":".,"},"elements":[{"type":"particle","particle_id":10289650,"object_id":"a7902204-e9bb-11e4-a037-7b5f270fdca9","particle_type":"maintitle","picture":null,"text":"How the government raped the economy","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":362821,"object_id":"1003059012_1354306641","particle_type":"quote","picture":null,"text":"Why we can&#39;t predict the next recession","content_type":"","title":"","shrink":null},{"type":"chart","chart_id":565821,"object_id":"1003059012_1354306641","chart_type_nr":6,"data":[[["Current Yield Curve","1 month","3 months","6 months","1 year","2 year","3 year","5 year","10 year","30 year"],["Today`s",".16%",".09%",".15%",".18%",".25%",".35",".63%","1.62%","2.79%"],["Year before Great Recession","5.02%","5.14","5.18%","5.10%","4.94%","4.85%","4.77%","4.81%","4.9%"]]],"custom":{"legacyTransposeDone":true,"switchRowsColumns":true},"colors":[],"dimensions":[],"modifier":0,"sheetnames":[],"sheets_settings":[]},{"type":"particle","particle_id":362837,"object_id":"10030590121354307270","particle_type":"bodytext","picture":null,"text":"","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":362849,"object_id":"10030590121354307433","particle_type":"bodytext","picture":null,"text":"","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":362796,"object_id":"10030590121354307534","particle_type":"bodytitle","picture":null,"text":"Yield Curve","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":362850,"object_id":"10030590121354307590","particle_type":"bodytext","picture":null,"text":"The graph above is called yield curve. The yield curve is a set of interest rates set by the treasury department that affect interest rates on bonds. Savings accounts, certified deposits, and loan interest rates are all based off of the yield curve. You can think of it as a thermometer for the economy; it monitors its health. It&#39;s generally supposed to look like a curve (see yellow) and not like a sobriety test after 6 shots of Jack (see red). So now your probably asking \"well how does this affect me?\" I&#39;ll keep it simple. ","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":362875,"object_id":"10030590121354307893","particle_type":"bodytext","picture":null,"text":"","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":362866,"object_id":"10030590121354307754","particle_type":"quote","picture":null,"text":"IT HAS PREDICTED EVERY RECESSION SINCE 19-FREAKIN&#39;-70.","content_type":"","title":" ","shrink":null},{"type":"chart","chart_id":566445,"object_id":"1003059012_1354316184","chart_type_nr":19,"data":[[["Predictions","Predicted","Not predicted"],["1970 Recession","x"],["1974 Recession","x"],["1980 Recession","x"],["1981-1982 Recession","x"],["1990 Recession","x"],["2001 Recession","x"],["2008-2009 Recession","x"],["20?? Recession","","x"]]],"custom":{},"colors":[],"dimensions":[],"modifier":0,"sheetnames":[],"sheets_settings":[]},{"type":"particle","particle_id":362883,"object_id":"10030590121354307949","particle_type":"bodytext","picture":null,"text":"The yield curve is a wonderful indicator of where the economy is going. Interest rates of short term bonds (1 month, 3 months, 6 months) will occasionally go higher than 10 year bonds. This is called an \"inverted yield curve\". It&#39;s just fancy jargon for \"the economy is about to get fucked\". Every recession has been preceded by an inverted yield curve. ","content_type":"","title":null,"shrink":null},{"type":"chart","chart_id":565961,"object_id":"1003059012_1354308452","chart_type_nr":6,"data":[[["Past GDP","3 months","6 months","1 year","3 years","5 years","10 years"],["1970 Recession","7.69%","7.95%","7.86%","7.72%","7.54%","7.20%"],["1974 Recession","8.33%","8.44%","8.1%","7.52%","7.43%","7.24%"],["1980 Recession","13.08%","13.02%","12.69%","11.76%","11.5%","11.28%"],["Normal curve","1","1.25","1.5","2","3.5","7"]]],"custom":{"legacyTransposeDone":true,"switchRowsColumns":true},"colors":[],"dimensions":[],"modifier":0,"sheetnames":[],"sheets_settings":[]},{"type":"particle","particle_id":362901,"object_id":"10030590121354308550","particle_type":"bodytext","picture":null,"text":"Now, you ask, if the yield curve can predict the future, why can&#39;t we predict another recession. Well, the government took our recession predicting crystal ball and crapped all over it. After the Great Recession of 2008, the government had a brilliant idea. Since an inverted yield curve predicts recessions, why don&#39;t we just get rid of inverted yield curves? And that&#39;s exactly what they did. ","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":363017,"object_id":"10030590121354312534","particle_type":"bodytitle","picture":null,"text":"Zero Interest Rate Policy","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":334059,"object_id":"10030590121354312549","particle_type":"bodytext","picture":null,"text":"Their cure for recession is making interest rates artificially low. Practically zero. Hence the name Zero Interest Rate Policy or, for short, ZIRP. This policy takes the normal fluctuation of interest rates and curb stomps them into oblivion. Meaning, regardless of what the economy is doing, interest rates with stay in their place. It&#39;s similar to the idea that taking away women&#39;s voting rights will force them into the kitchen. Good thing ZIRP prevents us from another recession, right? Wrong. ","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":363265,"object_id":"10030590121354317069","particle_type":"bodytitle","picture":null,"text":"Screwometer","content_type":"","title":null,"shrink":null},{"type":"chart","chart_id":566486,"object_id":"1003059012_1354316951","chart_type_nr":5,"data":[[["title","ZIRP Economy"],["MIN","good"],["MAX","f*cked"],["Value","90"],["Label","Get ready"]]],"custom":{},"colors":[],"dimensions":[],"modifier":0,"sheetnames":[],"sheets_settings":[]},{"type":"particle","particle_id":363267,"object_id":"10030590121354317110","particle_type":"bodytext","picture":null,"text":"This gauge shows just how screwed we are under ZIRP.","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":363271,"object_id":"10030590121354317226","particle_type":"bodytitle","picture":null,"text":"The problem","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":363272,"object_id":"10030590121354317239","particle_type":"bodytext","picture":null,"text":"Faking interest rates doesn&#39;t mean there won&#39;t be another recession. It just means we can&#39;t monitor it as well as we could with regular interest rates. Will the next recession be as bad as the last one? That&#39;s anyone&#39;s guess. Even with normal interest rates, nobody know exactly when a recession will occur or exactly how bad it&#39;ll be. ZIRP is not going to cause a recession, it just means the yield curve won&#39;t be able to warn us against it. You don&#39;t need to prepare for the next depression, you just need to understand that the stock market became a whole lot riskier with the implementation of ZIRP. This is good, because more risk=more rewards, but if you happen to be on the other end of that spectrum, don&#39;t say I didn&#39;t warn you.","content_type":"","title":null,"shrink":null}],"theme":{"createdAt":"2016-04-22T04:54:07.000Z","updatedAt":"2016-12-28T10:33:06.000Z","logoImages":[""],"charts":{"wordcloud":{"labels":{"fontWeight":"700","fontFamily":"Arial"}},"treemap":{"labels":{"value":{"fontFamily":"PT Sans Narrow"},"name":{"fontWeight":"700","fontFamily":"PT Sans Narrow"}}},"table":{"cellBackground":"#ffffff","headerBackground":"#eeeeee","cellColor":"#444444","headerColor":"#444444","shapeFill":"307d99"}},"color":{"bg":"#ffffff","text":"#000000","chart":{"bg":"transparent","text":"#767676"},"element":{"bg":"transparent","text":"#000000"}},"colorPresets":[],"localFonts":[],"font":{"common":{"fontFamily":"PT Sans 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